Heavy Industry
Electric Motor Market by Motor Type (AC Motors, DC Motors), Component (Bearings, Commutator, Rotor), Voltage, Output Power, End-User - Global Forecast 2023-2030
Electric Motor Market by Motor Type (AC Motors, DC Motors), Component (Bearings, Commutator, Rotor), Voltage, Output Power, End-User - Global Forecast 2023-2030
Electric Motor Market by Motor Type (AC Motors, DC Motors), Component (Bearings, Commutator, Rotor), Voltage, Output Power, End-User - Global Forecast 2023-2030
The Electric Motor Market is projected to reach USD 207.40 billion by 2030 from USD 134.89 billion in 2022, at a CAGR of 5.52% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Electric Motor Market.Based on Motor Type, market is studied across AC Motors and DC Motors. The AC Motors is further studied across Induction AC Motors and Synchronous AC Motors. The DC Motors is further studied across Self-Excited DC Motors and Separately Excited DC Motors. The Self-Excited DC Motors is further studied across Series Motor and Shunt DC Motor. The AC Motors commanded largest market share of 60.77% in 2022, followed by DC Motors.Based on Component, market is studied across Bearings, Commutator, Rotor, Stator, and Windings. The Bearings commanded largest market share of 21.43% in 2022, followed by Rotor.Based on Voltage, market is studied across High Voltage Motors, Low Voltage Motors, and Medium Voltage Motors. The Medium Voltage Motors commanded largest market share of 38.72% in 2022, followed by Low Voltage Motors.Based on Output Power, market is studied across 1 HP and Above and Less than 1 HP. The 1 HP and Above commanded largest market share of 61.46% in 2022, followed by Less than 1 HP.Based on End-User, market is studied across Commercial, Industrial, Residential, and Transportation. The Residential commanded largest market share of 31.36% in 2022, followed by Transportation.Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.88% in 2022, followed by Europe, Middle East & Africa.Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Electric Motor Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Electric Motor Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Electric Motor Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Addison Electric, Inc., Allied Motion, Inc., Ametek, Inc., Anaheim Automation, Inc., ARC Systems, Inc., BEVI AB, BorgWarner Inc., Brook Crompton Group, Bühler Motor GmbH, Carter Motor Company, Composite Motors, Inc., DANA TM4 INC., ElectroCraft, Inc., Faulhaber GmbH & Co. KG, Franklin Electric Co., Inc., General Motors Company, Groschopp Inc, Hitachi, Ltd., Hyosung Heavy Industries, Johnson Electric Holdings Limited, Maxon Motor AG, MinebeaMitsumi Inc., Mitsubishi Electric Corporation, Moog Inc., Motor Specialty Inc., Nidec Corporation, Oriental Motor Co., Ltd., Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, SKF Group, TECO Electric & Machinery Co., Ltd., Toshiba Corporation, WEG S.A., Wolong Electric Group, and Yaskawa Electric Corporation.
The report offers valuable insights on the following aspects:Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.The report addresses key questions such as:What is the market size and forecast for the Electric Motor Market?Which products, segments, applications, and areas hold the highest investment potential in the Electric Motor Market?What is the competitive strategic window for identifying opportunities in the Electric Motor Market?What are the latest technology trends and regulatory frameworks in the Electric Motor Market?What is the market share of the leading vendors in the Electric Motor Market?Which modes and strategic moves are suitable for entering the Electric Motor Market?
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