According to the Global Electric Motor Sales market is expected to grow from $97.68 billion in 2016 to reach $161.32 billion by 2023 with a CAGR of 7.4%. Increasing demand from residential & commercial end users, recent technological advancements in electric motors, and lower power consumption are some of the major factors propelling the market growth. In addition, emerging robotic technology, introduction of electric vehicles are other factors bolstering the market growth. On the other hand, low adoption rate, high capital investments are the restraints hindering the market growth.
Alternating Current (AC) motors segment is commanding the global market with largest market share during the forecast period. The growth is attributed to cost efficiency, highly adopting in residential & industrial appliances. By output power type, the integral horsepower segment is projected to grow at a higher CAGR owing to meet regulation requirements, energy efficient motors. Asia Pacific is expected to hold the largest share in global electric motor sales market due to raising demand from agriculture sector, rapid industrialization, and urbanization in emerging economies such as India, Japan, and China.
Some of the key players in global electric motor sales market include Allied Motion Technologies, Inc., Ametek, Inc., ARC Systems, Inc., Baldor Electric Co., Bosch Group, Denso Corporation, Emerson Electric Co., General Electric Company, Hitachi, Ltd., Johnson Electric Holdings Limited, Nidec Corporation, Regal Beloit Corporation, Rockwell Automation, Siemens AG, Toshiba International Corporation, and WEG S.A.
Motors Types Covered:
Hermetic Motor
Direct Current (DC) Motors
o Compound Motors
o Permanent Magnet Motors
o Series Motors
o Shunt Motors
Alternating Current (AC) Motors
o Synchronous Motors
o Induction Motors
Output Power Types Covered:
Fractional Horsepower (FHP) Output
Integral Horsepower (IHP) Output
Voltage Types Covered:
< 1 kV Motors
1 kV“6.6 kV Motors
>6.6 kV Motors
End Users Covered:
Agriculture
Residential
Commercial
Transportation
o Aerospace
o Electric Vehicles
o Railways
Industrial
o Cement & Manufacturing
o Chemicals & Petrochemicals
o Mining & Metals
o Oil & Gas
o Utilities
Other End Users
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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