Electric Motor Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025 | ExpertMarketResearch.com
Dec 16, 2020
The new report by Expert Market Research titled, ‘Global Electric Motor Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global electric motor market, assessing the market based on its segments like types, voltage, rated power, magnet types, weight, speeds, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents –https://www.expertmarketresearch.com/reports/electric-motors-market/requestsample
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include
Market Overview (2015-2025)
- Historical Market Size (2019): USD 102 billion
- Forecast CAGR (2020-2025): 4%
The growing industrialisation and increasing automation across industries have propelled the growth of the global electric motor market. With the rising population, a drive towards reducing carbon emissions and conserving energy by the governments across the globe has rapidly gained pace. Governments are encouraging potential customers to buy electric vehicles, providing further impetus to the market growth. A rise in disposable incomes of people has allowed potential customers to increase their purchasing power. Increased electrification and the rapid growth of the automotive industry, aided by a rise in demand for vehicles, is expected to drive the global electric motor market growth.
Read Full Report with Table of Contents –https://www.expertmarketresearch.com/reports/electric-motors-market
Industry Definition and Major Segments
Electric motors operate on the principles of electromagnetism, that is, converting electrical energy into mechanical energy. They find their application across diverse sectors because of the favourable characteristics like durability, low energy consumption, high efficiency, and low maintenance costs. They also have high endurance for fluctuating voltages.
The types of the electric motor include:
- AC Motor
- Induction AC Motors
- Synchronous AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
- Others
AC electric motor type dominates the market.
The segments based on rated power are:
- Fractional Horsepower Motors
- Fractional Horsepower (< 1/8) Motors
- Fractional Horsepower (1/8 – 1/2) Motors
- Fractional Horsepower (1/2 – 1) Motors
- Integral Horsepower Motors
- Integral Horsepower (1 – 5) Motors
- Integral Horsepower (10 – 50) Motors
- Integral Horsepower (50 – 100) Motors
- Integral Horsepower (>100) Motors
The fractional horsepower output segment accounted for the majority of the share.
Based on magnet type, the industry is divided into:
- Ferrite
- Neodymium (NdFeB)
- Samarium Cobalt (SmCo5 and Sm2Co17)
The industry is fragmented on the basis of weight as follows:
- Low Weight
- Medium Weight
- High Weight
The low weight segment is the key demand contributor.
By speed, the industry is categorised into:
- Ultra-High Speed
- High Speed
- Medium Speed
- Low Speed
The industry finds wide applications in the following:
- Industrial Machinery
- HVAC
- Transportation
- Household Appliances
- Motor Vehicles
- Aerospace
- Marine
- Robotics
- Others
Motor vehicles are the most prominent application segment.
The Asia Pacific is the largest automotive electric motor market. Other regions include:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Emerging nations like China and India have provided impetus to the global electric motor market growth. With an increase in demand in these countries, the Asia Pacific accounted for a majority market share in the electric motor market in 2018. The market in these regions was aided by a shift towards energy-efficient motors. The rising demand for infrastructural development in these countries has also propelled the market growth. The expansion of the automotive industry and rapid technological advancements are the major driving forces of market growth. Industry efficiency standards set by governments across the globe have forced an increase in the usage of energy-efficient motors, thus, driving the market forward.
Key Market Players
The major players in the market are ABB Limited (SWX: ABBN), Siemens AG (ETR: SIE), Nidec Corporation (TYO: 6594), WEG S.A. (BVMF: WEGE3), and Regal Beloit Corporation (NYSE: RBC), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
POS Machines Market: https://www.expertmarketresearch.com/reports/pos-machines-market
Portable Media Players Market: https://www.expertmarketresearch.com/reports/portable-media-players-market
India Electric Motor Market: https://www.expertmarketresearch.com/reports/india-electric-motor-market
Induction Motor Market: https://www.expertmarketresearch.com/reports/induction-motor-market
Saudi Arabia Low Voltage Electric Motor Market: https://www.expertmarketresearch.com/reports/saudi-arabia-low-voltage-electric-motor-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
The post Electric Motor Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025 | ExpertMarketResearch.com appeared first on Evertise.
More News
India’s Congress Party Holds Mass Protest in New Delhi
Tens of thousands gathered in India’s capital in a clamor of banging drums, chants and billowing flags, with participants from across the country.
Thailand’s Most Famous Snake Catcher
Pinyo Pukpinyo, Thailand’s most famous snake catcher, has found the critters slithering in nooks and crannies all over Bangkok. He refuses to kill them.
Bhutan builds 108 stupas for mindfulness city in tourism push
Tens of thousands of volunteers helped raise 108 Buddhist stupas in Bhutan on Sunday, marking the Himalayan kingdom’s ambitious plans for a “mindfulness” city aimed at driving economic growth. The 15-metre tall solid towers – sacred Buddhist monuments found across the Himalayas – stretch along 12 kilometres (7.5 miles) of riverbank near the Indian border, at the site of the future Gelephu Mindfulness City. More than 40,000 volunteers took part in building the structures as “a physical form of...
Self-improving AI the key step towards AGI but safety is key: Z.ai founder
Using artificial intelligence to build even smarter systems will make artificial general intelligence (AGI) more achievable, though it would need to be done safely, leading Chinese computer scientist Tang Jie said at an event in Shanghai on Saturday. The remarks underscore how AI companies in the US and China are both chasing the holy grail of recursive self-improvement (RSI), where increasingly powerful AI systems also become better at improving themselves in an ever-accelerating...
Indian opposition unites to demand Modi electoral chief’s resignation
Thousands protested in Delhi on Sunday to demand the resignation of India’s election chief over a revision of voter lists, the latest in more than a month of opposition demonstrations challenging Prime Minister Narendra Modi. Led by Congress party chief Rahul Gandhi, Sunday’s protesters say the controversial revision benefits Modi’s Hindu nationalist Bharatiya Janata Party. Analysts say the protests and growing support for the opposition form the worst crisis for Modi since he came to power in...
DeepSeek unveils AI ‘super agent’ in coding race with OpenAI, Anthropic
Chinese artificial intelligence start-up DeepSeek has previewed a plan for a more autonomous AI agent that can handle multiple tasks with minimal human intervention, as it steps up competition with US rivals OpenAI and Anthropic in developing coding assistants. The proposed system, dubbed super agent, aimed to reduce the need for humans to coordinate multiple AI agents and monitor their progress, addressing a key bottleneck in managing today’s increasingly complex workflows, according to a...
Japan’s Economic Diplomacy: A Compass in a Divided World
Tokyo has the ability to chart a stable path forward.
Armour vs altitude: India’s light tank dilemma along China border
India’s new high-altitude combat tank was designed to go where its heavier armoured fighting vehicles cannot: the thin mountain air, narrow roads and small bridges along its disputed border with China. In its base configuration, the Zorawar weighs some 25 tonnes – light enough to be flown all the way to the Line of Actual Control – but a push to make it strong enough to withstand high-calibre autocannon fire could add an extra seven tonnes to that loadout. Reports of renewed stand-offs between...
Malaysia’s Loke decries school dinner alcohol claims as political attack
Malaysian Transport Minister Anthony Loke Siew Fook has dismissed a recent claim on social media that students were forced to serve alcohol at an old boys’ association reunion and centenary dinner, calling the allegations a politically motivated attack against him. The DAP secretary general, who is also a former student of St Paul’s Institution, claimed the individual who allegedly uploaded the post had been looking for every possible opportunity to attack him. “In the social media post, the...
US or China? Why Kazakhstan refuses to pick sides as it eyes AI revolution
Driving along the wide boulevards of Astana during a recent trip to the Kazakh capital, signs of China’s growing commercial footprint were everywhere. Chinese cars were becoming a common sight on the streets here, as brands from BYD to Changan made aggressive inroads in a market once dominated by South Korea’s Hyundai and Kia, said the driver who picked me up from the airport in a gleaming Changan electric vehicle. But it was not the rise of Chinese tech that had brought me to this energy-rich...
Singapore turns up heat on power-hungry air conditioning with cool revolution
Long dubbed an “air-conditioned nation”, Singapore is experimenting with cooling alternatives from chilled beams to “passive displacement” to curb its thirst for energy-guzzling air conditioning. The city state has the highest per-capita air conditioner ownership rate in Southeast Asia, with about 99 per cent of private residences equipped with cooling units. Singapore’s local building sector accounts for one-fifth of its emissions, while cooling itself accounts for 40 to 60 per cent of a...
Hate paper straws? Asia’s new alternatives are another eco trap
For Singaporean flight attendant Chloe Tan Zi Ling, 35, the problem with paper straws is their impracticality. “It softens before we can finish the drink, so we have to gulp it down without a straw,” she said, adding that reusable metal alternatives left an unpleasant taste in her mouth. Her frustration reflects a wider debate over Asia’s shift away from plastic straws, with a recently released South Korean study finding that conventional plastic straws performed better than paper and other...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.