Electric motors are electromechanical devices that operate on the electromagnetism concept. They are long-lasting and reliable, require little maintenance, use less energy, and can withstand voltage fluctuations. Furthermore, electric motors are far less expensive than fossil-fuel engines.
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 Overview:
This Electric Motor market study looks at current and emerging industry trends and dynamics in the global Electric Motor market. Electric Motor Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Electric Motor market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Electric Motor market, key players are profiled and their strategies are thoroughly evaluated.
Request a free sample copy or view the report summary:https://www.maximizemarketresearch.com/request-sample/20951
Electric Motor Market Scope:
The analysis contains a current examination of the present Electric Motor market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Electric Motor market environment. Increased demand for Electric Motor is driving the market. The Electric Motor market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
Based on Type, the global Electric Motor market is segmented into AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor, Brushed DC Motor, Brushless DC Motor and Hermetic Motor. The AC Motor segment held the largest market share of 70.7% in 2021. Moreover, the segment is estimated to continue its dominance throughout the forecast period, owing to the rise in the adoption of AC motors in industrial applications. AC motors have a lot of applications, from irrigation equipment to advanced robotics, which explains their leading position. They are also used widely in HVAC equipment since they are smaller, cheaper, and convenient. Because of the introduction of extremely efficient and low-cost electronics, as well as advancements in permanent magnetic properties, the popularity of electric AC motors in the automobile industry has boomed.
For any Queries Contact us:https://www.maximizemarketresearch.com/inquiry-before-buying/20951
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
- 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
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Electric Motor market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report:https://www.maximizemarketresearch.com/market-report/global-electric-motor-market/20951/
COVID-19 Impact Analysis on Electric Motor Market:
The COVID-19 epidemic has had a significant impact on the global Electric Motor industry. Electric Motor Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Electric Motor market to decelerate in 2020. The negative impact of COVID-19 on the Electric Motor market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Electric Motor.
Key Questions Answered in the Electric Motor Market Report are:
- Which segment was responsible for the largest share in the Electric Motor market?
- How was the competitive scenario of the Electric Motor market in 2020?
- Which are the key factors responsible for the Electric Motor market growth?
- Which region held the maximum share in the Electric Motor market in 2020?
About Maximize Market Research
Maximize Market Research provides B2B and B2C market research on 20,000 high-growth emerging technologies opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics Communications, the Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.
Contact info
MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2, Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
Email: [email protected] Phone No.: +91 20 6630 3320
Website: www.maximizemarketresearch.com
Related Report Link:
