Electric Motor Market Overview:
Maximize Market Research published reports help you understand the landscape of Electric Motor Market that you are competing in. The report gives insights about the Market to help you understand the demand for your product in the future and how competitive the Electric Motor Market is likely to be. It is a complete exam that specializes in number one and secondary drivers, Marketplace share, main segments, and geographical evaluation.
Electric Motor Market size was valued at US$ 121.11 Bn in 2021 and the total revenue is expected to grow at 6.9 % through 2022 to 2029, reaching nearly US$ 206.55 Bn.
Electric Motor Market Scope:
Electric Motor Report gives in-depth detailed knowledge and understanding of trends, dynamics, etc. The report provides trends that are dominant and will influence the business. It helps you identify drivers which can be used as an advantage, identify restraints to overcome challenges, and identify potential opportunities for the Electric Motor Market. The report also analyses if the Electric Motor Market is easy for a new player to gain a foothold in the Market, do they enter or exit the Market regularly if the Market is dominated by a few players, etc. You can design the business strategies using the insights such as how many rivals, who are they, how many buyers you have etc. provided in our report. The data provided in the report assists in finding the competitive landscape of key players, factors affecting the Market, etc. to help you understand whether the current Marketing strategies are in the right direction and how to further improve them.
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Electric Motor Market Regional Analysis :
The regional Analysis provided in our report helps you understand the Electric Motor Market in various regions. Every region has different factors such as political, geographic, buying behaviour, etc. which are affecting the Electric Motor Market. Our report briefly explains all the factors, Market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Various regions, countries have legal barriers, geographic advantages, distinct buying behaviour, etc. The reports help you in planning the Market strategies which are suitable and appropriately applicable according to specific countries and regions.
Electric Motor Market Segment Analysis :
The market for electric motors worldwide is divided into several types, including synchronous AC motors, induction motors, brushed DC motors, brushless DC motors, hermetic motors, and AC motors. In 2021, the AC Motor segment had the most market share at 70.7%. Due to the growing use of AC motors in industrial applications, the segment is also anticipated to maintain its dominance over the forecast period. AC motors are widely used in modern robotics and irrigation equipment, which accounts for their dominant position. Due to their smaller size, lower cost, and convenience, they are also commonly utilised in HVAC equipment. The prevalence of electric AC has increased as a result of the development of incredibly effective and affordable electronics as well as improvements in permanent magnetic characteristics.
The worldwide electric motor market is divided into IHP and FHP segments based on output power. The output segment with fractional horsepower (FHP) had the biggest market share in 2021 with 87.3%. Its numerous uses in home appliances, including hoovers, espresso makers, and coolers, are the cause of this substantial rise. Due to their shown effectiveness in a demanding industrial environment, they are also used in industrial machines. Just two of the advantages of such motors are their high starting torque and dependability under changing electric current conditions.
The global electric motor market is divided into industrial machinery, motor vehicles, heating, ventilation, and air conditioning equipment, as well as household appliances, based on application. 40.5% of the market was accounted for by the motor vehicle sector in 2021. This large percentage can be attributed to the expanding use of electric motors in the automotive industry. A typical car has about 40 electric motors with power levels ranging from low to high. The development of low-cost, high-efficiency technology and improvements in permanent magnetic materials are other key factors driving the automotive industry.
Key Players:
• Johnson Electric Holdings Ltd.
• Baldor Electric Company, Inc.
• Ametek, Inc.
• Siemens AG
• Brook Crompton UK Ltd.
• Danaher Motion LLC
• Allied Motion Technologies Inc.
• Franklin Electric Co., Inc.
• ABB Group
• ARC Systems Inc.
• ASMO Co., Ltd.
• Dr. Fritz Faulhaber GmbH
• Emerson Electric
• Maxon Motor AG
• Regal Beloit Corporation
• Rockwell Automation Inc.
• Nidec Corporation
• Wolong
• WEG
The Electric Motor Market report thoroughly covers analysed insights of key players in terms of Market, applications, and geographies to help you identify competition both domestic and globally. It helps in understanding the competition by providing in-depth profiling of companies and products/services provided. Through Competitive Benchmarking, BCG matrix, and various other tools we provide the Market share analysis of players in Electric Motor Market.
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Table Of Content :
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Electric Motor Market Size, by Market Value (US$ Bn) and Volume (Units)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
Key Questions answered in the Electric Motor Market Report are:
- Which product segment grabbed the largest share in the Electric Motor Market?
- How is the competitive scenario of the Electric Motor Market?
- Which are the key factors aiding the Electric Motor Market growth?
- Which region holds the maximum share in the Electric Motor Market?
- What will be the CAGR of the Electric Motor Market during the forecast period?
Key offerings:-
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric Motor Market
- Landscape- Leading key players and other prominent key players.
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