Electric Motor Market 2028 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

MARKET INTRODUCTION

An electric motor is a machine that converts electrical energy to mechanical energy. These are broadly used in industrial fans, pumps, disk drives, domestic appliances, electric cars, compressors, machine tools, HVAC applications, power tools, as well as automated robots among others. These motors are gaining adoption over standard motors owing to several factors including longer operating life, low maintenance, low power consumption, and a high tolerance for voltage fluctuations.

MARKET DYNAMICS

The rising fuel prices across the globe have created a need to shift to non-conventional sources of fuel. Also, several governments are taking initiatives to reduce the carbon footprint. As a result of this, the production of electric vehicles is witnessing a high demand. Also, governments of certain countries such as China and the US, are supporting the adoption of electric vehicles by offering subsidies and favorable policies. Since electric motors have a major application in electric vehicles, the rise in demand for electric vehicles is expected to propel the electronic motor market growth.

MARKET SCOPE

The "Global Electric Motor Market Analysis to 2028" is a specialized and in-depth study of the electric motor industry with a special focus on the global market trend analysis. The report aims to provide an overview of electric motor market with detailed market segmentation by motor type, output power, voltage, application, and geography. The global electric motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric motor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Electric Motor market is segmented on the basis of motor type, output power, voltage, and application. On the basis of the motor type, the electric motor market is segmented into AC motor and DC Motor. The AC motor segment is further sub-segmented into synchronous AC motors and induction AC motors. Also, DC motor segments is sub-segmented into brushed and brushless DC motors. The market on the basis of the output power is classified into integral horsepower output and fractional horsepower output. Based on voltage, the market is segmented into 9 V & below, 10-20 V, 21-60 V, and 60 V & above. Furthermore, by application, the market is segmented into industrial machinery, HVAC equipment, motor vehicles, household appliances, aerospace & transportation, and others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric motor market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The electric motor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting electric motor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the electric motor market in these regions.

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MARKET PLAYERS

The reports cover key developments in the electric motor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric motor market are anticipated to lucrative growth opportunities in the future with the rising demand for electric motor in the global market. Below mentioned is the list of few companies engaged in the electric motor market.

The report also includes the profiles of key electric motor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• ABB Ltd.
• AMETEK, Inc.
• Franklin Electric Co. Inc.
• General Electric
• Johnson Electric Holdings Limited
• Nidec Corporation
• Regal Beloit Corporation
• Rockwell Automation, Inc.
• Siemens AG
• Toshiba Corp

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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