Market Research Report
Electric Motor Market with COVID-19 Impact Analysis, By Type, By Output Power, By Application and By Region - Size, Share, & Forecast from 2021-2027
|Electric Motor Market with COVID-19 Impact Analysis, By Type, By Output Power, By Application and By Region - Size, Share, & Forecast from 2021-2027|
Published: May 1, 2021
AnalystView Market Insights
Content info: 238 Pages
Delivery time: 2-3 business days
The global electric motor market size was valued at USD 98.8 billion by 2019, growing with 6.1% CAGR during the forecast period, 2021-2027.
Electric Motor is the electro-mechanical machine that converts electrical energy into mechanical energy. The devices which produce rotational force are known as the motor. The working principle of the electric motor mainly depends on the interaction of magnetic and electric fields. The electric motor is mainly classified into two types. They are the AC motor and the DC motor. The AC motor takes alternating current as an input, whereas the DC motor takes direct current.
The electric motor has changed the framework of human society. In an electric car, the motor acts as both the motor and an alternator, the battery starts the motor, which supplies energy to the gears, which rotates the tires. This process happens after pressing the accelerator - the rotor gets pulled along by the rotating magnetic field, requiring more torque. In 2018, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost double the number of new electric car sales. According to the Environmental Impact Assessment (EIA), electric vehicle sales are projected to reach 43 million by the end of 2030.
The electric motor market is segmented into motor type, output power, application, and region.
In terms of type, the global market is divided into AC, DC, and hermetic motors. AC motors have two sub-segments, which includes induction AC, and synchronous AC motor. Similarly, DC motor is further classified as brushed DC motor and brushless DC motor.
Based on output power, it is classified into integral horsepower (IHP) output and fractional horsepower (FHP) output.
In terms of application the global electric motor market is classified into industrial machinery, motor vehicles, heating, ventilating, and cooling equipment (HVAC), aerospace, household appliances, and other commercial applications.
Key players in the global electric motor market adopted partnership and product launch as its key developmental strategy to expand its business and improve its product portfolio. For instance, in January 2019, WEG S.A, and Spanish private firm, a leading provider of pork signed a partnership agreement. As per the agreement, a Spanish private firm installed W22 Magnet IE4 electric motors in the refrigeration system at the Manresa. Likewise, in December 2017, NORD Drivesystems Pvt. Ltd. introduced IE4, AC synchronous motors for food & beverage industries application. Through this introduction, the company aimed to expand its portfolio of PM synchronous motors.
Key features of the study:
This proposed research study on electric motor market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Electric Motor market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Electric Motor market
Impact of COVID-19 on Electric Motor market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Electric Motor market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Electric Motor market, we have also included competitive landscape and key innovator analysis for the Electric Motor market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and product attractiveness.
The report offers detailed company profiling featuring major market participants who will help users to understand their financial information and strategic initiatives of players operating in the Electric Motor market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the electric tooth brush market on global as well as regional level.
The GLOBAL ELECTRIC MOTOR MARKET report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ELECTRIC MOTOR MARKET KEY PLAYERS
ARC Systems, Inc.
Asmo Co., Ltd.
Brook Crompton UK Ltd.
Emerson Electric Co
GLOBAL ELECTRIC MOTOR MARKET, BY TYPE
GLOBAL ELECTRIC MOTOR MARKET, BY OUTPUT POWER
GLOBAL ELECTRIC MOTOR MARKET, APPLICATION
GLOBAL ELECTRIC MOTOR MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures