The Business Research Company’s Electric Motor And Generator Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Electric Motor And Generator Global Market Report 2023 evaluates electric motor and generator market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global electric motor and generator market is expected to grow to $152,652.2 million in 2027 at a rate of 3.9%. The market is then expected to grow at a CAGR of 4.1% from 2027 and reach $186,650.2 million in 2032.
The rising demand for electric vehicles (EVs) is expected to propel the growth of the electric motor and generator market in the forecast period. EVs have gained popularity due to their environmental benefits and reduced dependence on fossil fuels. Electric motors serve as the primary propulsion system in EVs, converting electrical energy into mechanical energy to drive the wheels. Additionally, generators play a crucial role in EVs by enabling regenerative braking and serving as range extenders in hybrid vehicles. For example, in 2022, the World Economic Forum reported that in the first half of 2022, almost 4.3 million battery-powered electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) were sold globally. PHEV sales increased by 37% and BEVs by 75% yearly. Also, by 2030, 40% of cars sold in China, the largest auto market in the world, are expected to be electric. Therefore, the rising demand for electric vehicles will drive the electric motor and generator motor market.
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The electric motor and generator market segments in the report are:
1) By Type: Electric Motors; Electric Generators
2) By End User: Industrial; Residential; Commercial
3) By Application: Industrial Machinery; Automobile (Motor Vehicle); HVAC (Heating, Ventilation, And Air Conditioning); Other Applications”
The table of contents in TBRC’s electric motor and generator market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Electric Motor And Generator Market, Conclusions And Recommendations
23. Appendix
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