PUBLISHER: The Business Research Company | PRODUCT CODE: 1127679
PUBLISHER: The Business Research Company | PRODUCT CODE: 1127679
“Motors And Generators Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global Motors And Generators market.
This report focuses on Motors And Generators market which is experiencing strong growth. The report gives a guide to the Motors And Generatorsmarket which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the Motors And Generators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Motors And Generators 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. It places the market within the context of the wider Motors And Generators market, and compares it with other markets.
1) By Type: Motor Manufacturing; Generator Manufacturing
2) By End-User: Industrial; Commercial; Residential
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.
The 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 motors and generators market is expected to grow from $86.86 billion in 2021 to $92.62 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The motors and generators market is expected to grow to $105.56 billion in 2026 at a compound annual growth rate (CAGR) of 3.3%.
The motors and generators market consists of sales of motors, generators, and related services by entities (organizations, sole traders, partnership) that are used to isolate electrical loads from power upply lines. The motor converts electrical energy into mechanical energy and the generator converts mechanical energy into electrical energy.
The main types of motors and generators are motor manufacturing and generator manufacturing. The functions are performance, comfort and convenience, safety and security and it is used in industrial, commercial, and residential
Asia Pacific was the largest region in the motors and generators manufacturing market in 2021. The regions covered in motors and generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increasing use of household appliances is expected to propel the growth of the motors and generators 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, according to CDI Global, a capital market company, the global Household Appliances market generated total revenue of US $542 billion in 2019. Also, the volume sales for the same year amounted to 4.3 billion pieces. Therefore, the increasing use of household appliances is driving the growth of the motors and generators market.
Increased tariffs on raw materials such as steel and aluminum restrained the market for motors and generators manufacturing in the historic period. Steel and aluminum are predominantly used in manufacturing the components for motors. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, according to ECOMCREW, a Canada-based e-commerce business blog, in May 2019, nearly half of all goods that America imports from China were subject to an additional 25% tariffs. In August 2019, the Trump Administration imposed 10% duties on all remaining products not currently subject to additional duties. An increase in tariffs will increase operating expenses, thereby restraining the growth of the market.
The emergence of portable generators is a key trend gaining popularity in the motors and generators market. Companies operating in the motors and generators market are focusing on developing new products to sustain their position in the market. For instance, in June 2022, Honda Siel Power Products Ltd., an India-based motor and generator manufacturer launched the new Honda EU3200i, the newest generator in the Honda Super Quiet EU Series lineup. The high-output Honda EU3200i delivers more power and more convenience and is available in a compact, space-saving, portable package.
In December 2019, Voith Group, a Germany-based machine company acquiredElin Motoren GmbH for an undisclosed amount. This acquisition of ELIN Motoren would be an excellent addition to the industrial drive solutions and supports the Voith group company's position as a technology-independent supplier of drive systems. Win Motoren GmbH is an Austria-based company that produces motors and generators for international companies
The countries covered in the motors and generators market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.