Electric Motor Market size was valued at US$ 129.47 Bn in 2022 and the total revenue is expected to grow at 6.9 % through 2023 to 2029, reaching nearly US$ 206.55 Bn.
Report Scope:
The comprehensive Electric Motor market study delves into competitive landscapes, offering insights into market share and company profiles of major global competitors. The research scope extends to a thorough analysis of the Electric Motor Market, exploring factors contributing to regional growth disparities.
Research Methodology:
Employing a meticulous approach, market engineering involved statistical computations, size estimations, forecasts, breakdowns, and data triangulation. Extensive primary research validated critical figures, utilizing top-down and bottom-up strategies alongside diverse data triangulation methods. Qualitative and quantitative analyses of acquired data were integral to this process, ensuring vital information throughout the report.
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Identified through both primary and secondary research, market leaders were assessed, and revenue calculations were based on comprehensive interviews with key industry figures. In-depth discussions with frontline personnel, CEOs, and marketing executives formed primary research, while secondary research encompassed an examination of major manufacturers’ annual and financial reports.
Segmentation:
by Output Power
IHP
FHP
by Type
AC Motor
Synchronous AC Motor
Induction AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Hermetic Motor
by Application
Industrial Machinery
Motor Vehicle
HVAC Equipment
Aerospace & Transportation
Household Appliances
by Voltage Range
9V & below
10V-20V
21V-60V
60V
by Speed
Low Speed
Medium Speed High Speed
Ultra-High Speed
Key Players:
Key players in the Electric Motor market, derived from primary and secondary research, contributed to market revenue calculations. Interviews with industry experts and a thorough review of manufacturers’ reports informed this assessment.
1. Johnson Electric Holdings Ltd.
2. Baldor Electric Company, Inc.
3. Ametek, Inc.
4. Siemens AG
5. Brook Crompton UK Ltd.
6. Danaher Motion LLC
7. Allied Motion Technologies Inc.
8. Franklin Electric Co., Inc.
9. ABB Group
10. ARC Systems Inc.
11. ASMO Co., Ltd.
12. Dr. Fritz Faulhaber GmbH
13. Emerson Electric
14. Maxon Motor AG
15. Regal Beloit Corporation
16. Rockwell Automation Inc.
17. Nidec Corporation
18. Wolong
19. WEG
20. Mitsubishi Electric Corporation
21. Mitsuba Corporation
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Regional Insights:
The Electric Motor market analysis covers individual market influencers, encompassing changes in market laws and their impact on current and future trends. A comprehensive study of prevailing and future trends aims to evaluate overall market potential and discern profitable patterns. Geographical assessments are based on existing conditions and anticipated trends.
COVID-19 Impact Analysis:
The pandemic significantly impacted end-user sectors utilizing Electric Motor , resulting in reduced growth across various countries. Lockdowns and global COVID-19 events led to decreased demand for Electric Motor , affecting the market in 2029.
Key Questions Addressed:
The Electric Motor Market Report addresses critical inquiries such as:
Dominant segment in the Electric Motor market in 2029
Overview of the competitive landscape
Primary drivers fueling Electric Motor market growth
Region with the highest market share
Expected CAGR of the Electric Motor market during the projected period (2023-2029)
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