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Electric Motor Market


Global Electric Motor Market

Global Electric motor market stood at $108.5 billion in 2017, and is anticipated to reach $155.1 billion by 2023. Electric motors are widely used in various applications such as industrial machines, household appliances, HVAC applications, and motor vehicles. Rising industrial activities as well as growing demand for electric vehicles across the globe are among the major factors pushing the growth of electric motors during the forecast period.

Request Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/electricmotor-market/report-sample The growth of this category is further expected to be driven by surge in demand for more efficient, more controllable, durable, and low noise electric motors in industrial applications such as actuators, feed drives for computer numerical control (CNC) machines, industrial robots, extruder drives, and others. In terms of DC motor, the market is bifurcated into brushless and brushed DC motors. Owing to its advantages such as better speed control, higher efficiency, no sparking, longer lifetime, higher torque to weight ratio, more reliability, and less noise, brushless DC motor category contributed higher revenue share in 2017. Based on motor type, the electric motor market is categorized into AC motor, DC motor, and hermetic motor. AC motor accounted for the largest market share in terms of revenue in 2017, and is further expected to lead the market during the forecast period. Globally, APAC was the largest market for electric motors, contributing over 55% revenue share to the electric motor market in 2017. This can be attributed to growing demand for electric vehicles predominately in China, due to government initiatives and environmental regulations in the country.

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Global Electric Motor Market

The key players in the electric motor market are Emerson Electric Co., Nidec Corporation, Toshiba Corporation, Wolong Holding Group Co. Ltd., Johnson Electric Holdings Limited, AMETEK, Inc., Franklin Electric Co., Inc., Mitsubishi Electric Corporation, Regal Beloit Corporation, DENSO Corporation, Robert Bosch GmbH, Siemens AG, and ABB Ltd.

Global Electric Motor Market Segmentation Market Segmentation by Motor Type • o o • o o •

AC Motor Synchronous Induction DC Motor Brushless Brushed Hermetic Motor

Market Segmentation by Output Power • •

Fractional Horsepower Integral Horsepower

Market Segmentation by Application • • • • •

Motor Vehicles Industrial Machinery HVAC Equipment Transportation Household

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Global Electric Motor Market Disclaimer: P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence.

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Profile for Deepak Kumar

Electric Motor Market Projected to Experience Major Revenue Boost During the Forecast Period  

Global Electric motor market stood at $108.5 billion in 2017, and is anticipated to reach $155.1 billion by 2023. Electric motors are widely...

Electric Motor Market Projected to Experience Major Revenue Boost During the Forecast Period  

Global Electric motor market stood at $108.5 billion in 2017, and is anticipated to reach $155.1 billion by 2023. Electric motors are widely...

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