Insights Into the $162Bn Worldwide Electric Motor Market (2019-2024) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

According to the report, the global electric motor market reached a value of nearly US$ 125 Billion in 2018, growing at a CAGR of 5.5% during 2011-2018. Looking forward, the market value is projected to reach nearly US$ 162 Billion by 2024.

There are several factors currently driving the electric motor market growth globally:

  • Expansion in industrial automation along with advancements in technology is the major growth-inducing factor of the market.
  • Moreover, the trend of replacing gas turbines with electric motors in large industrial plants is propelling their demand.
  • Further, the growth of the market is gaining traction owing to the increasing demand for vehicles supported by improving standards of living and rising purchasing power of the consumers.
  • Additionally, government initiatives aimed to boost the sales of electric vehicles so as to reduce carbon emissions is expected to fuel the electric motor market growth.

Market Summary

Based on motor type, the market has been bifurcated into AC and DC motors, wherein AC motors holds the largest share. The AC motors segment is further divided into induction and synchronous AC motors, whereas the DC motors segment is segregated into brushed and brushless DC motors.

On the basis of voltage, low voltage electric motors account for the majority of the total share, followed by medium and high voltage electric motors.

The market has also been segmented on the basis of rated power into fractional horsepower and integral horsepower electric motors. Amongst these, fractional horsepower electric motors dominate the market.

Based on fractional horsepower, the market has been segregated into fractional horsepower (< 1/8) motors, fractional horsepower (1/8 – 1/2) motors and fractional horsepower (1/2 – 1) motors. Amongst these, fractional horsepower (1/8 – 1/2) motors dominates the market.

On the basis of integral horsepower, electric motors with integral horsepower between 1 – 5 hold the largest share. They are followed by motors with horsepower in the range 10 – 50, 50 – 100 and > 100.

Based on magnet type, ferrite magnets represent the leading segment. They are followed by NdFeB and SmCo magnets.

On the basis of weight, low weight motors hold the largest share, followed by medium and high weight motors.

The market has also been divided on the basis of speed into high speed, ultra-high speed, medium speed and low speed electric motors. Currently, high speed electric motors hold the biggest share.

Industrial machinery is the leading application sector, accounting for the majority of the total market share. It is followed by HVAC, transportation, household appliances, motor vehicles, aerospace, marine and robotics.

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share.

The competitive landscape of the market has also been examined with some of the key players being ABB Group, Siemens Ag, WEG SA, TECO, Regal Beloit Corporation and Nidec Corporation.

Key Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Electric Motor Industry

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Motor Type

5.4 Market Breakup by Voltage

5.5 Market Breakup by Rated Power

5.6 Market Breakup by Magnet Type

5.7 Market Breakup by Region

5.8 Market Breakup by Weight

5.9 Market Breakup by Speed

5.10 Market Breakup by Application

5.11 Market Forecast

6 Market Performance by Type

6.1 AC Motor

6.1.1 Current and Historical Market Trends

6.1.2 Market Breakup by Type Induction AC Motor Market Trends Market Forecast Synchronous AC Motor Market Trends Market Forecast

6.1.3 Market Forecast

6.2 DC Motor

6.3 Others

7 Market Performance by Voltage

7.1 Low Voltage Electric Motors

7.2 Medium Voltage Electric Motors

7.3 High Voltage Electric Motors

8 Market Performance by Rated Power

8.1 Fractional Horsepower Motors

8.2 Integral Horsepower Motors

9 Market Performance by Fractional Horsepower

9.1 Fractional Horsepower (< 1/8) Motors

9.2 Fractional Horsepower (1/8 – 1/2) Motors

9.3 Fractional Horsepower (1/2 – 1) Motors

10 Market Performance by Integral Horsepower

10.1 Integral Horsepower (1 – 5) Motors

10.2 Integral Horsepower (10 – 50) Motors

10.3 Integral Horsepower (50 – 100) Motors

10.4 Integral Horsepower (>100) Motors

11 Market Performance by Magnet Type

11.1 Ferrite

11.2 Neodymium (NdFeB)

11.3 Samarium Cobalt (SmCo5 and Sm2Co17)

12 Market Performance by Region

12.1 Asia-Pacific

12.2 North America

12.3 Europe

12.4 Middle East and Africa

12.5 Latin America

13 Market Performance by Weight

13.1 Low Weight Motors

13.2 Medium Weight Motors

13.3 High Weight Motors

14 Market Performance by Speed

14.1 Ultra-High-Speed Motors

14.2 High-Speed Motors

14.3 Medium Speed Motors

14.4 Low Speed Motors

15 Market Performance by Applications

15.1 Industrial Machinery

15.2 HVAC

15.3 Transportation

15.4 Household Appliances

15.5 Motor Vehicles

15.6 Aerospace

15.7 Marine

15.8 Robotics

15.9 Others

16 Competitive Landscape

16.1 Market Structure

16.2 Market Breakup by Key Players

17 Key Players Profiles

17.1 ABB Group

17.1.1 Company Overview

17.1.2 Company Description

17.1.3 Product Portfolio

17.1.4 Financials

17.1.5 Key Contacts

17.2 Siemens AG

17.3 WEG S.A.

17.4 TECO

17.5 Regal Beloit Corporation

17.6 Nidec Corporation

For more information about this report, visit https://www.researchandmarkets.com/r/eghqgx.



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Related Topics: Motors


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