Electric Motor market : Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

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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

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Description

Electric Motor Market

Electric Motor Market Product overview
Electric motors are electromechanical 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. Due to this, in various industries ranging from vehicles to oil and gas, electric motors find applications where they are used in industrial fans, machine tools, compressors, electric cars, home appliances, hard disc drives, etc.

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 an expansion in industrial automation along with developments in technology. In addition, in large industrial plants, the trend of replacing gas turbines with electric motors is driving their demand. In addition, market growth is gaining momentum due to increasing demand for cars, supported by improved living standards and rising customer buying power. Furthermore, government measures to increase electric vehicle sales to minimize carbon emissions are expected to accelerate the growth of the electric motor market.

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 for 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.

Motor Vehicles to grow with the highest CAGR of 9.54% during 2019-30
Electric Motor Market is segmented by application into Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances and Others. It is estimated that the motor vehicle segment will hold the highest market share, contributing more than 40.0% of total sales. In addition, in heavy industrial equipment as well as in agricultural types of machinery and automobiles, electric motors are commonly used. Countries like Brazil, Vietnam, Sri Lanka, Argentina, and India, have a significant agriculture-dependent population. Demand for low-cost and energy-efficient goods in these countries has, therefore, increased. The HVAC machinery depends heavily on electric motors. At a CAGR of 9.54 percent over the forecast period, the segment is poised to experience the fastest growth. The growth of the segment is likely to be stimulated by growing applications of electric motors in various residential buildings, as well as office buildings, hotels, and warehouses.

Electric Motor Market: Market Dynamics
Drivers
Increasing Compliance for Energy-Efficient Electric Motors
It is anticipated that the rising nford 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. Industries are therefore using more energy-efficient electrical engines to reduce running costs and lead to a greener future. The main growth-inducing factor in the market is an expansion in industrial automation along with developments in technology.

Increasing Usage of Electric Motors for Several Applications
In some applications, electric motors are used because they are capable of transforming electrical energy to mechanical energy efficiently. Power tools, pumps, fans, grinding mills, alternators, compressors, metal rolling machinery, refineries, hoists, propulsion systems, and many other items are built into these engines. Growing demand for electric motors in the automotive, marine, petroleum and gas, agriculture, oil and energy, metals, cement, mining, water and wastewater, pulp and paper industries is improving the outlook for the global electric motor industry. In addition, in large industrial plants, the trend of replacing gas turbines with electric motors is driving their demand. Furthermore, the growth of the industry is gaining momentum due to the growing demand for cars, driven by improving living standards and increasing customer buying power.

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. For example, if producers and suppliers experience changes in the prices of permanent rare-earth magnets during production cycles, they are unable to pass on the shift in prices to end-use customers. The profit margins of manufacturers of raw materials are also adversely affected.

Electric Motor Market: Key players
ABB Group
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
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: 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.

Competitive Landscape:
The Electric Motor market, which is highly competitive, consists of several major players such as Ametek Incorporation, Siemens AG, Baldor Electric Incorporation hold a substantial market share in the Electric Motor market. Other players analyzed in this report are Allied Motion Technologies Inc., ARC Systems Incorporation, Asmo Corporation Limited, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporation, and Johnson Electric Holdings Limited among others.

The market competition has been stepped up by the availability of many players offering Electric Motor. For Instance, in January 2019, WEG S.A, and Spanish private firm, a leading provider of pork signed a partnership agreement. According to the agreement, Spanish private firm has installed W22 Magnet IE4 electric motors in the refrigeration system at the Manresa facilities.

Electric Motor Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Electric Motor Market report also contains analysis on:
Electric Motor Market Segments:
By Motor Type:
AC Motor
Synchronous AC Motor
Induction AC Motor
DC Motor
Brushed DC Motor
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

Related Reports: Electric Motor for Household Appliances Market Research Report – Forecast till 2027

Additional information

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Geography Covered

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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.

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