PUBLISHER: The Business Research Company | PRODUCT CODE: 1217398
PUBLISHER: The Business Research Company | PRODUCT CODE: 1217398
“Electric Motor And Generator Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric motor and generator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric motor and generator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The electric motor and generator market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Siemens AG; ASMO; Rockwell Automation; Emerson Electric Co.; ABB Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Major players in the motors and generators market are: Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co, ABB Ltd., Nidec, General Electric Co, Baldor Electric Co., Danahar Motion LLC, and Kollmorgen Corp.
The global electric motor and generator market will grow from $124.96 billion in 2022 to $132.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The electric motor and generator market is expected to grow to $159.81 billion in 2027 at a CAGR of 4.9%.
The electric motors and generators market consists of sales of series motors, shunt motors, compound motors, synchronous motors, induction motors, linear motors and adjustable speed motors. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Machines that transform electrical energy into mechanical energy are known as electric motors. An electric generator is a device that transforms mechanical energy into electrical energy.
The main types of electric motors and generators are motor manufacturing and generator manufacturing. Motor manufacturing refers to the manufacturing of motors and generators for vehicles. The motor and generator are applicable in automobiles, maritime, power generation, and industrial uses. The motor and generator are used in the industrial, commercial, and residential sectors. The various power generation types are power generation, thermal, hydro, nuclear, wind, and other power generation.
Increasing use of household appliances is expected to contribute to the growth of the motor and generator manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization, along with several other factors, are boosting the demand for household appliances, which in turn will drive the market for motors. For instance, the global household appliance manufacturing market is expected to reach $396.8 billion in 2022 at a CAGR of 8.7%. The growing demand for household appliances that function with a motor will thereby drive the market for motors and generators in the forecast period.
Increased tariffs on raw materials such as steel and aluminium restrained the market for motor and generator manufacturing in the historic period. Steel and aluminium are predominantly used in manufacturing the components for motors. Increasing import tariffs on raw materials such as steel have hindered the market for household fans. For instance, in 2021, according to The Hindu, the Aluminium Association of India had requested an increase in the tariff rate of basic customs duty for aluminium and articles from 10 to 15%. An increase in tariffs will increase operating expenses, thereby restraining the growth of the market.
Generator manufacturing companies are increasingly manufacturing portable generators. A portable generator provides electricity by running a gas-powered or diesel-powered engine that turns an onboard alternator to generate electrical power. Rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators as they offer advantages such as flexibility and ease of use.
In August 2021, Graycliff's WorldWide Electric, a US-based provider of industrial electric motors, gears and motor controls, acquired Georator Corporation and Athlon Generator for an undisclosed amount. Through this acquisition, WorldWide Electric increased the scope of its product offering and service and partnered with its current customer base by utilizing this extended product offering. Georator Corporation is a US-based manufacturer of rotary and solid-state power frequency converters and Athlon Generator is a US-based provider of generators for industrial applications.
The regions covered in the electric motor and generator report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries in the electric motor and generator market include: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The electric motors and generators market research report is one of a series of new reports from The Business Research Company that provides electric motors and generators market statistics, including electric motors and generators industry global market size, regional shares, competitors with a electric motors and generators market share, detailed electric motors and generators market segments, market trends and opportunities, and any further data you may need to thrive in the electric motors and generators industry. This electric motors and generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.