Electric Motors Household Appliances Market Overview:
The Electric Motors Household Appliances market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Electric Motors Household Appliances Market, as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
During the projected period, the market for electric motors for household appliances is anticipated to expand at a CAGR of 5.87%. By 2027, the market for household appliances with electric motors is anticipated to be worth US$ Bn.
Segmentation:
In 2019, the type-specific AC motor sector held a sizable market share. AC motors are less expensive, more lightweight, and frequently utilised in HVAC equipment. Due to the introduction of extremely effective & affordable electronics along with advancements in permanent magnetic materials, the acceptance of electric AC motors in the automotive sector has risen significantly. The demand for them is predicted to increase across a variety of industries, such as wastewater treatment, cement, paper & pulp, and chemicals. Rising EV sales and the resulting machine type’s application in such vehicles are also predicted to fuel the segment’s growth over the course of the forecast period.
Asia Pacific accounted for the largest revenue share by region in 2019. Over the predicted period, a maximum CAGR of 9.54% is anticipated. Improvements in the agricultural sector and significant investments in industrialization in nations like China, India, South Korea, and Australia are elements that are responsible for this development.
Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
. The biggest players in the Electric Motors Household Appliances market are as follows:
• EBM –PAPST (Germany)
• Nichibo DC Motor (China)
• Elica S.p.A. (Italy)
• Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan)
• Johnson Electric Holdings Limited (Hong Kong)
• Keli Motor Group Co., Ltd.(China)
• Panasonic Corporation (Japan)
• CG Power and Industrial Solutions Limited (India)
• Nidec Motor corporation (Japan)
• Newmotech Co., Ltd (South korea)
• Dumore Motors (U.S)
• NMB (U.S)
• Cebi Group (Luxembourg)
• Sanhua Aweco (Germany)
• Diehl Stiftung and Co.KG (Germany)
• Siemens AG
• Baldor Electric Incorporation
• Asmo Corporation Limited
• Brook Crompton UK Limited
• Toshiba Corporation
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Electric Motors Household Appliances market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Electric Motors Household Appliances Market:
Due to a break in operations, end-user sectors where Electric Motors Household Appliances are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Electric Motors Household Appliances manufacturers, impacting the growth of the Electric Motors Household Appliances market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Electric Motors Household Appliances.
Key Questions Answered in the Electric Motors Household Appliances Market Report are:
- In 2021, which segment owned the greatest share of the Electric Motors Household Appliances market?
- What is the competitive landscape of the Electric Motors Household Appliances market?
- What are the key factors influencing Electric Motors Household Appliances market growth?
- In the Electric Motors Household Appliances market, which region has the most market share?
- What will be the CAGR of the Electric Motors Household Appliances market over the forecast period (2022-2027)?
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