Electric Motor Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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Electric Motor Market to surpass USD 175 billion by 2030 from USD 108 billion in 2018 at a CAGR of 6.68% throughout the forecast period, i.e., 2019-30.

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Electric Motor Market: Market Segments: By Motor Type (Hermetic, AC and DC); By Power Output (Integral HP Output and Fractional HP Output); By Speed (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM) and Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)); By Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Product Overview
Electric motors are electro-mechanical systems that operate on the electromagnetic induction principle. They are robust and highly effective, require low maintenance, consume less energy, and fluctuate voltages have high endurance. Moreover, electric motors cost far less than a fossil-fuel engine.
Market Highlights
Electric Motor Market is expected to project a notable CAGR of 6.68% in 2030.
Electric Motor Market to surpass USD 175 billion by 2030 from USD 108 billion in 2018 at a CAGR of 6.68% throughout the forecast period, i.e., 2019-30. Major drivers driving the market are expected to be factors such as rising environmental issues and increasing demand for electrical energy. The key growth-inducing factor in the market is expansion in industrial automation along with developments in technology.
Electric Motor Market: Segments
AC Motor segment to grow with the highest CAGR of 8.47% during 2019-30
Electric Motor Market is segmented by motor type as AC and DC motors and hermetic motor. The greater market share in 2018 was accounted by AC motors as these were extensively used forms with their applications ranging from irrigation pumps to modern-day robotics. In addition, they are smaller, cheaper, and lighter in weight and are commonly used in HVAC equipment as well. Due to the advent of highly effective and low-cost electronics, followed by advances in permanent magnetic materials, the use of electric AC motors in the automotive industry has increased exponentially. However, due to the ease of handling, less maintenance, and fast transport, the hermetic type is expected to experience the highest CAGR of 8.47 % during the same span. Sector growth can also be due to increased demand from manufacturers of HVAC systems supported by suitability in such applications.
Electric Motor Market: Market Dynamics
Drivers
Increasing Compliance for Energy-Efficient Electric Motors
It is anticipated that the rising need of high-power consumption industries to reduce their energy consumption would drive the worldwide adoption of energy-efficient electric motors. Electric motors can account for about 70 percent of total energy consumption in the manufacturing sector, and the highest electricity consumption comes from the operation of compressors.
Restrain
Variation in prices of raw materials
A few manufacturers in China regulate the prices of raw materials, such as permanent magnets, steel bars, copper wires, and precision thin metals, such as specialty alloys, which are used to produce electric motors. There is not a great deal of product differentiation and the product price dictates the market supremacy of such suppliers. Other manufacturers/suppliers in the industry must bear the resulting price fluctuations.
Electric Motor Market: Regions
Electric Motor Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Electric Motor Market in North America held the largest market share of XX.X% in the year 2018 and is anticipated to secure the leading position during the forecast period. This is due to economic development and aerospace industry expansion. The US is a leader in the market for electric motors. Therefore, among the North American nations, the market share of electric motors is largest. Due to rapid industrialization, the Asia Pacific countries are expected to be the largest electric motor market during the forecast period and are moving towards internet-based industrial operations in each industry. The developing countries in the Asia Pacific region, such as South Korea, Japan and Australia, are increasingly exploring the potential of creative services and connected devices, according to the GSM Association.
Electric Motor Market: Key Players
• ABB Group
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• ARC Systems, Inc.
• Asmo Co., Ltd.
• Brook Crompton UK Ltd.
• Dr. Fritz Faulhaber GmbH
• Emerson Electric
• Maxon Motors AG
• Regal Beloit Corporation
• Rockwell Automation, Inc.
• Siemens AG
Electric Motor Market report also contains analysis on:
Electric Motor Market Segments:
By Motor Type:
• AC Motor
o Synchronous AC Motor
o Induction AC Motor
• DC Motor
o Brushed DC Motor
o Brushless DC Motor
• Hermetic Motor
By Output Power
• Fractional Horsepower
• Integral Horsepower
By Speed:
• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)
By Application:
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
Aerospace & Transportation
• Household Appliances
• Others
• Electric Motor Market Dynamics
• Electric Motor Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Additional information

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Table of Contents

Contents
1. Executive Summary
2. Electric Motor Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Electric Motor Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Electric Motor Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Electric Motor: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Motor Type: Market Share (2020-2030F)
12.2.1. AC Motor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. DC Motor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.1. Hermetic Motor, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Power Output: Market Share (2020-2030F)
12.3.1. Integral HP Output, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Fractional HP Output, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3 By Speed (RPM): Market Share (2020-2030F)
12.3.1. Low-Speed Electric Motors (Less Than 1,000 RPM), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Medium-Speed Electric Motors (1,001-25,000 RPM), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. High-Speed Electric Motors (25,001-75,000 RPM), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.4. Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4 By Application: Market Share (2020-2030F)
12.4.1. Industrial Machinery, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.2. Motor Vehicles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.3. HVAC Equipment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.4. Aerospace & Transportation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.5. Household Appliances, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.4.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. ABB Group
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. ARC Systems, Inc.
13.3. Asmo Co., Ltd.
13.4. Brook Crompton UK Ltd.
13.5. Dr. Fritz Faulhaber GmbH
13.6. Emerson Electric
13.7. Maxon Motors AG
13.8. Regal Beloit Corporation
13.9. Rockwell Automation, Inc.
13.10. Siemens AG

14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.