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Home » Semiconductor and Electronics » Electric Motor Market Size, Growth | Industry Forecast 2030

Electric Motor Market By Type of Motor (A.C. Motor, D.C. Motor), By Application (Automobile, Industrial Machinery, HVAC, Medical equipment, Household appliances, Others), By Power Output (Fractional Horsepower (FHP) Output, IHP or Integral Horsepower Output), By End Use (Industrial, Residential, HVAC & Refrigeration, Medical, Municipal Water Treatment, Transportation, Others), Global Report by Size, Share, Industry Analysis & Forecast, 2021 - 2030.

Published On: Aug-2022   |   Base Year: 2021   |   No Of Pages: 135   |   Historical Data: 2017 - 2020   |   Formats: PDF   |   Report ID: 90877240

Industry Report and Statistics (Facts & Figures) - Sales Volume, ASP & Demand Analysis by Motor Type, Power Output & Application

The global electric motor market will witness a robust CAGR of 6.22%, valued at $121.81 billion in 2021, expected to appreciate and reach $209.68 billion by 2030, confirms Strategic Market Research. Electric motors are regarded as machines that are readily used to convert electrical energy into mechanical energy. Their applications can be across many areas such as power generation, regenerative braking, running of industrial fans, coilguns (Linear Motor Application), blowers and pumps, shipping, machine tools, crushers, Lathe machines, Drill, Conveyor, Washing machines, Drying Machine, Refrigeration & Air-conditioning, powertrain, Elevator, Escalator, Heavy Equipment, Hoist, compressors, rolling mills, paper mills, automobiles, and home appliances. 

The previous generation of motors manufactured were brushed motors, specifically brushed DC electric motors. However, brushless motors were developed with alternate current (A.C.) as they offer lower maintenance costs and higher efficiency. Depending on the total number of supply phases, we have single-phase electric motors, two-phase electric motors, and three-phase electric motors. Electric motors can also be classified by their flux system - either radial flux motors or axial flux motors, with axial being more efficient among the two. The electronics industry is the primary end-user of stepper and servo motors. Stepper motors are widely used for devices such as hard disk drives, printers, and scanners. Servo motors are widely used for remote-controlled machines - robotic arms, pulleys, hoists, and drapery systems. The electric motor industry will witness a much high growth rate in the coming years due to increasing adoption of electric vehicles, increasing rates of shipping, industrial automation, developed markets for electric power tools, higher usage in the agriculture industries, and increased use amongst domestic users for pumps and fans. 

Electric Motor Market Infographics

Key Industry Drivers - Increased Use in The Automobile Sector, Higher Demand in The HVAC Sector, Higher Trade Using Ocean Trade Routes

  • The main source of energy in a vehicle is the electric traction motors. It generates the energy to drive the axle, which would further rotate the wheels. Apart from traction, permanent magnet synchronous motors can also be used. Additionally, permanent magnet motors are widely used for other components such as windows, windshield wipers, and power mirrors. As per a recent study, over 34 million vehicles were sold in the APAC region, with China leading the region with over 21 million cars sold, with over 3.2 million electric vehicles sold. Further, there was a 211% increase in electric vehicle registrations in India in FY22. According to ACEA, there was an increase in sales of electric vehicles by 53% in 2022 compared to 2021. In the U.S., electric car sales increased by 60% in the first quarter of 2022. Therefore, with rising sales of vehicles globally, we would see strong requirements for electric motors, especially in the automobile sector. 

 

  • Heating, ventilation & the industry for air conditioning HVAC is also seeing a tremendous rise, with a CAGR of 6.3%. With the rise in the population, there is a rising demand for domestic and commercial real estate. The global real estate market is destined to be worth USD 3.69 trillion and rising at a CAGR of 5.2%. Electric motors are essential in the circulation of air in HVAC systems. Further development in the sector will increase demand for HVAC systems for buildings and homes. With the rising need for HVAC systems, there would be a surge in the electric motor market share.

 

  • International trade of goods is heavily dependent on using trade routes as it is one of the most economical methods to transport goods across continents. According to the United Nations Conference on Trade and Development, there is an opportunity for countries to develop their ocean trade activities and increase them to an estimated value of USD 2.5 trillion in the years to come. With this opportunity, further opportunities exist to enhance the shipbuilding industry, which was worth USD 143 billion in 2021. There are various sections in container ships that require electric motors, including rotors, hoists, anchors, and other electric components. Thus, with a rising ocean trade and increased shipbuilding, we would see an uptick in the requirement for electric motors.

 

Opportunities - Rising Urbanization, Increasing Adoption of Renewable Energy.

With the rising population, there has also been a rise in the urbanization of new parts of countries globally. According to the U.N., 56% of the global population lives in urban areas, with over 79% of the population in developed countries living in cities. This number is expected to rise in the coming years. With rapid urbanization, there will be an increase in the urge for industrial and domestic goods. 

 

The global rate at which renewable energy is being generated is increasing yearly. According to the U.S. Energy Information Administration (EIA), renewable energy accounts for 12% of the total energy consumed in the country. According to Eurostat, in 2020, 22.1% of the energy consumed in the E.U. came from renewable sources. As per the State Grid Corp. of China, nearly 43% of the country’s energy needs are met through renewable energy. Electric motors are a key end-use product of renewable energy sources. Thus, with an increase in the use of renewable energy, we would also see an increase in the requirement for electric motors. 

 

Restraints

  • The limiting factor of using electric motors is the maintenance required, which causes downtime and increases costs.

Electric Motor Market Share

Market Analysis Of Different Segments Covered in the Report

Based on Type of Motor

  • A.C. Motor

  • D.C. Motor

 

Based on Application

  • Automobile

  • Industrial Machinery

  • HVAC

  • Medical equipment

  • Household appliances

  • Others

 

Based on Power Output

  • Fractional Horsepower (FHP) Output

  • IHP or Integral Horsepower Output

 

Based on End Use

  • Industrial

  • Residential

  • HVAC & Refrigeration

  • Medical

  • Municipal Water Treatment

  • Transportation

  • Others

 

Regional Coverage Analysis

North America

  • USA

  • Canada

  • Mexico

 

Europe

  • Deutschland

  • France

  • Italy 

  • Spain

  • United Kingdom

  • Rest part of the European continent

 

Asia Pacific   

  • Australia

  • China

  • India

  • Japan

  • South Korea 

  • Vietnam

  • The remaining landmass of Asia Pacific

 

Latin America, Africa & Middle East

  • Argentina

  • Brazil

  • Nigeria

  • Qatar

  • Saudi Arabia

  • South Africa

  • UAE

  • Rest of LAMEA

Electric Motor Market by Application

Type of Motor Analysis & Insights

The A.C. motors dominated the market with over half the market share. This is due to the wider application of A.C. motors across industrial and domestic machines and systems. A major use is in the manufacture of washing machines and drying machines. According to research, more than 80% of households in the U.S. have a washing machine, with the industry growing at a CAGR of 3.5%. Similarly, the use of A.C. motors in heavy industries has risen to 14.46% between 2020 and 2021. Thus, with a rising need for domestic goods and increased industrial requirements, we would see a surge in the global demand for industrial and domestic motors. 

 

Application Analysis & Insights

The automobile sector dominated the market, garnering over 40% of the market. The reason for this is the rising sales of electric vehicles globally. In 2021, approximately 6.5 million electric cars were sold globally, over a 100% increase in sales over the previous year. Additionally, cars employ electric motors in the functioning of the power windows, windshield wipers, and the functioning of the A.C. system. According to the U.N. Industrial Development Organization (UNIDO), the level of production in global manufacturing increased by 9.4% in 2021 as compared to 2020. As per research, the HVAC industry was worth USD 248.8 billion in 2020 and had a 4% CAGR. With immense growth across the major application industries of electric motors, especially automotive electric motors and reluctance motors, there will be an uptick in the necessity for them shortly.

 

Region Analysis & Insights

The Asia Pacific dominated the market with a share of around 49.21%. This was followed by Europe's electric motor market and North America (especially the US), which held 20.4% and 21.78% of the market share, respectively. In the LAMEA region, the Saudi Arabia Electric Motors Market held the lion’s share in 2020.

The APAC region’s dominance is due to the high number of vehicles and the presence of a high manufacturing industry volume. As of 2019, India, Australia, and China had over 610 million automobiles in the APAC region. Additionally, these three countries contribute nearly 24% of the global GDP and nearly 38% of global manufacturing capabilities. The U.S. Electric Motors Market, Saudi Arabian, and the European electric motors market would also see their market shares rise, contributing to the overall market growth. Additionally, with the rising number of vehicles and increased manufacturing, we would see an uptick in the requirement for electric motors. 

Electric Motor Market by Region

Electric Motor Market Report Coverage

Report Attribute

Details

Period of Forecast

2021 - 2030

The market size value in 2021

USD 121.81 billion

The revenue forecast in 2030

USD 209.68 billion

Growth rate

CAGR of 6.22%

The base year for estimation

2021

Historical data

2017 – 2020

Unit

USD Billion, CAGR (2021 - 2030)

Segmentation

By Type of Motor, application, output type, and region.

By Type

AC motor and DC motor

By Application

Automobile, Industrial Machinery, HVAC, Household appliances, and Others.

By End Use

Industrial, Residential, HVAC & Refrigeration, Medical, Municipal Water Treatment, Transportation, Others.

By Power Output

Integral and Fractional

By Region

North America, Europe, Asia-Pacific, and LAMEA

Country Scope

China, India, USA, The Netherlands, Germany, South Africa, Saudi Arabia, and Australia.

Company Usability Profiles

ABB Group, Allied Motion Technologies, Inc., Ametek, Inc., Dunmore Corp., Franklin Electric, General Electric Company, Hitachi, Ltd., Hyosung Corporation, Hyundai Electric Co, Ltd., Johnson Electric, Kirloskar Electric Company, Ltd., Lincoln Electric Holdings, Inc., Nidec Motor Corp., Regal Rexnord Corp., Robert Bosch GmBH, Rockwell Automation, Inc., Schneider Electric, Siemens AG, Teco Westinghouse, Toshiba Corp., WEG S.A

 

Electric Motor Market Competitive Landscape Analysis:

The key players in the industry are :

  • ABB Group

  • Allied Motion Technologies, Inc.

  • Ametek, Inc. 

  • Dumore Corp.

  • Franklin Electric

  • General Electric Company

  • Hitachi, Ltd.

  • Hyosung Corp.

  • Hyundai Electric Co, Ltd. 

  • Johnson Electric

  • Kirloskar Electric Company, Ltd.

  • Lincoln Electric Holdings, Inc.

  • Nidec Motor Corp.

  • Regal Rexnord Corp.

  • Robert Bosch GmBH

  • Rockwell Automation.

  • Schneider Electric

  • Siemens AG

  • Teco Westinghouse

  • Toshiba Corp.

  • WEG S.A.

 

Recent Developments

  • In June 2022, Bosch Rexroth developed new gearboxes to enable the industrial motors to work more efficiently and reduce the motors’ noise level.

 

  • In June 2022, Audi announced that it would invest Euro 301 million to increase the production levels of electric motors at its plant in Hungary. The plant would also receive a Euro 20 million grant from the government to help expand the factory premises.

 

  • In June 2022, Safran S.A announced that it would supply electric motors to TCab Tech for their range of electric- vertical take-off and landing (eVTOL) aircraft. The motors will have an output of more than 100 kW and will feature a fully integrated motor controller within the machine. 

 

  • In May 2022, Infinitum Electric received series D funding of USD 80 million to further expand their facilities for vertical integration and automate the production of their motors. 

 

  • In May 2022, EVR Motors and Badve Group announced a partnership to develop electric motors for electric vehicles. The Badve group will manufacture EVR Motors’ patented Trapezoidal Stator – RFPM electric motors, which are nearly half in size and weight compared to the competition. 

 

Products Manufactured by Leading Market Players:

Name

Feature

Key Player

 VCTI-KK

High-quality Thrust bearings, Rotor core with epoxy coating, highly reliable carbon-bearing, Sand-resistant slinger and lip seals.

Hitachi

TEAAC Type squirrel-cage motor

Multiple International Standard compliance, explosion-proof, high efficiency, low noise, and low vibration.

Hyundai Electric

Megapack Closed-type Cage

High life hours of bearings, work across a high range of temperatures, IS noise and vibration standards.

Kirloskar Electric

CM201

TENV/TEBC enclosure, high power, Industrial IP44 compliant, wide CHP Range, low voltage electric motor.

Rockwell Automation

 

Frequently Asked Question About This Report

The global electric motor market is expected to grow at a compound annual growth rate (CAGR) of 6.22% from 2021 to 2030 to reach USD 121.81 billion by 2030.

General Electric company is the largest manufacturer of electric motors.

The market value for the APAC region in 2020 was USD 55.73 billion.

The global electric motor market size was around $121.81 billion in 2021 and is predicted to reach $209.68 billion in 2030.

The key players in the market are ABB Motors, General Electric, Johnson Electric, and Lincoln Electric.

The CAGR of the market in the period is 6.22%.


Sources

https://unctad.org/system/files/official-document/tdr2021_en.pdf

https://data.worldbank.org/indicator/SP.URB.TOTL.IN.ZS

https://www.eia.gov/energyexplained/us-energy-facts/

https://www.eea.europa.eu/ims/share-of-energy-consumption-from

 

 

1.   Introduction

       1.1. Study Objective

       1.2. Market Definition        

       1.3. Study Scope

              1.3.1. Markets Covered

              1.3.2. Geographic Scope

              1.3.3. Years Considered

              1.3.4. Stakeholders

2.   Research Methodology

       2.1. Data Procurement

       2.2. Paid Database

              2.2.1. Secondary Data

                     2.2.1.1. Key Secondary sources

              2.2.2. Primary Data

                     2.2.2.1 Primary sources

                     2.2.2.2. Key industry insights

                     2.2.2.3. Primary interviews with experts

                     2.2.2.4. Key primary respondent list

       2.3. Market Size Estimation

       2.4. Bottom-Up and Top-Down Approaches

              2.4.1.     Bottom-Up Approach

                     2.4.1.1.         Approach for arriving at market size by bottom-up analysis

              2.4.2.     Top-Down Approach

                     2.4.2.1.         Approach for Capturing Market Size by Top-Down Analysis

       2.5. Market Breakdown and Data Triangulation

       2.6. Research Methodology

       2.7. Risk Assessment

3.  Executive Summary

       3.1 Electric Motor Market: Post-Covid-19

              3.1.1      Actual Scenario

              3.1.2      Pessimistic Scenario

              3.1.3      Optimistic Scenario

              3.1.4      Market Summary

4. Industry Outlook

       4.1 Market Snapshot

       4.2 Electric Motor Market

              4.2.1      market, 2021 – 2030 (USD Million)

       4.3 Regional Business Analysis

              4.3.1      market, by region, 2021 - 2030 (USD Million)

       4.4 By End-user Business Analysis

              4.4.1      market, By End-user, 2021 - 2030 (USD Million)

       4.5 By Application Business Analysis

              4.5.1      market, By Application, 2021 - 2030 (USD Million)

       4.6 Type of Motor Business Analysis

              4.6.1      market, By Type of Motor, 2021 - 2030 (USD Million)

       4.6 Power Output Business Analysis

              4.6.1      market, By Power Output, 2021 - 2030 (USD Million)

       4.7 Value Chain Analysis

       4.8 Market Variable Analysis

              4.8.1      Market Drivers Analysis

              4.8.2      Market Restraints Analysis

       4.9 Business Environment Analysis Tool

              4.9.1      market PEST analysis

              4.9.2      market Porter’s analysis

       4.10 Penetration & Growth Prospect Mapping

5. Market Dynamics

       5.1. Introduction

       5.2. Market Dynamics

              5.2.1.     Drivers

              5.2.2.     Restraints

              5.2.3.     Opportunities

              5.2.4.     Challenges

       5.3. Impact of Covid-19 On Market

       5.4. Value Chain Analysis

       5.5. Ecosystem

       5.6. Patent Analysis

       5.7. Trade Analysis

       5.8. Tariff Analysis

       5.9. Case Study Analysis

5.10.      Porter’s Five Forces Analysis

              5.10.1    Threat of New Entrants

              5.10.2    Threat of Substitutes

              5.10.3    Bargaining Power of Buyers

              5.10.4    Bargaining Power of Suppliers

              5.10.5    Degree of Competition

       5.11.              Power Output Analysis

              5.11.1.   Trends in Power Output (2014-2021)

              5.11.2.   Trends in Power Output (2021-2030)

       5.12.              Pricing Analysis

              5.12.1.   Average Price Trend Analysis (By Region, By Country)

6. Competitive & Vendor Landscape

       6.1. Company Market Share Analysis

       6.2. Manufacturers Manufacturing Sites, Area Served, End-user

       6.3. Market Competitive Situation and Trends

       6.4. Manufacturers Mergers & Acquisitions, Expansion Plans

7. Market: By End-user Segment Analysis

       7.1. Introduction

       7.2. Sales Volume & Revenue Analysis (2021-2030)

       7.3. Industrial

              7.3.1. Industrial market, 2021 - 2030 (USD Million)

       7.4. Residential

               7.4.1. Residential market, 2021 - 2030 (USD Million)

       7.5. HVAC & Refrigeration

               7.5.1. HVAC & Refrigeration market, 2021 - 2030 (USD Million)

       7.6. Medical 

               7.6.1. Medical market, 2021 - 2030 (USD Million)

       7.7. Municipal Water Treatment

               7.7.1. Municipal Water Treatment market, 2021 - 2030 (USD Million)

       7.8. Transportation

               7.8.1. Transportation market, 2021 - 2030 (USD Million)

       7.9. Others

               7.9.1. Others market, 2021 - 2030 (USD Million)

8. Market: By Application Segment Analysis

       8.1. Introduction

       8.2. Sales Volume & Revenue Analysis (2021-2030)

       8.3. Automobile

              8.3.1.     Automobile Market, 2021 - 2030 (USD Million)

       8.4. Industrial Machinery

              8.4.1.     Industrial Machinery market, 2021 - 2030 (USD Million)

       8.5. HVAC

              8.5.1.     HVAC market, 2021 - 2030 (USD Million)

       8.6. Medical equipment

              8.6.1.     Medical equipment market, 2021 - 2030 (USD Million)

       8.7. Household appliances

              8.7.1.     Household appliances market, 2021 - 2030 (USD Million)

       8.8. Others

              8.8.1.     Others market, 2021 - 2030 (USD Million)

9. Market: By Type of Motor Segment Analysis

       9.1. Introduction

       9.2. Sales Volume & Revenue Analysis (2021-2030)

       9.3. A.C. Motor

              9.3.1.     A.C. Motor market, 2021 - 2030 (USD Million)

       9.4. D.C. Motor

              9.4.1.     D.C. Motor market, 2021 - 2030 (USD Million)

10. Market: By Power Output Segment Analysis

       10.1. Introduction

       10.2. Sales Volume & Revenue Analysis (2021-2030)

       10.3. Fractional Horsepower (FHP) Output

              10.3.1.   Fractional Horsepower (FHP) Output market, 2021 - 2030 (USD Million)

       10.4. IHP or Integral Horsepower Output

              10.4.1.   IHP or Integral Horsepower Output market, 2021 - 2030 (USD Million)

11. Market: Regional Outlook

       11.1 North America

              11.1.1.   North America market, By End-user, 2021 - 2030 (USD Million)

              11.1.2.   North America market, By Application, 2021 - 2030 (USD Million)

              11.1.3.   North America market, by Power Output, 2021 - 2030 (USD Million)

              11.1.4.   North America market, by Country, 2021 - 2030 (USD Million)

       11.1.4.1. U.S.

                     11.1.4.1.1.   U.S. market, By End-user, 2021 - 2030 (USD Million)

                     11.1.4.1.2.   U.S. market, By Application, 2021 - 2030 (USD Million)

                     11.1.4.1.3.   U.S. market, by Power Output, 2021 - 2030 (USD Million)

     11.1.4.2.  Canada

                     11.1.4.2.1.   Canada market, By End-user, 2021 - 2030 (USD Million)

                     11.1.4.2.2.   Canada market, By Application, 2021 - 2030 (USD Million)

                     11.1.4.2.3.   Canada market, by Power Output, 2021 - 2030 (USD Million)

11.2. Europe

              11.2.1.   Europe market, By End-user, 2021 - 2030 (USD Million)

              11.2.2.   Europe market, By Application, 2021 - 2030 (USD Million)

              11.2.3.   Europe market, by Power Output, 2021 - 2030 (USD Million)

              11.2.4.   Europe market, by country, 2021 - 2030 (USD Million)

    11.2.4.1    U.K.

                     11.2.4.1.1.   U.K. market, By End-user, 2021 - 2030 (USD Million)

                     11.2.4.1.2.   U.K. market, By Application, 2021 - 2030 (USD Million)

                     11.2.4.1.3.   U.K. market, by Power Output, 2021 - 2030 (USD Million)

   11.2.4.2.           Germany

                     11.2.4.2.1.   Germany market, By End-user, 2021 - 2030 (USD Million)

                     11.2.4.2.2.   Germany market, By Application, 2021 - 2030 (USD Million)

                     11.2.4.2.3.   Germany market, by Power Output, 2021 - 2030 (USD Million)

   11.2.4.3.           France

                     11.2.4.3.1.   France market, By End-user, 2021 - 2030 (USD Million)

                     11.2.4.3.2.   France market, By Application, 2021 - 2030 (USD Million)

                     11.2.4.3.3.   France market, by Power Output, 2021 - 2030 (USD Million)

    11.2.4.4.          Rest of Europe

                     11.2.4.4.1.   Rest of Europe market, By End-user, 2021 - 2030 (USD Million)

                     11.2.4.4.2.   Rest of Europe market, By Application, 2021 - 2030 (USD Million)

                     11.2.4.4.3.   Rest of Europe market, by Power Output, 2021 - 2030 (USD Million)

       11.3.              Asia Pacific

              11.3.1.   Asia Pacific market, By End-user, 2021 - 2030 (USD Million)

              11.3.2.   Asia Pacific market, By Application, 2021 - 2030 (USD Million)

              11.3.3.   Asia Pacific market, by Power Output, 2021 - 2030 (USD Million)

              11.3.4.   Asia Pacific market, by country, 2021 - 2030 (USD Million)

   11.3.4.1.           China

                     11.3.4.1.1.   China market, By End-user, 2021 - 2030 (USD Million)

                     11.3.4.1.2.   China market, By Application, 2021 - 2030 (USD Million)

                     11.3.4.1.3.   China market, by Power Output, 2021 - 2030 (USD Million)

   11.3.4.2.           India

                     11.3.4.2.1.   India market, By End-user, 2021 - 2030 (USD Million)

                     11.3.4.2.2.   India market, By Application, 2021 - 2030 (USD Million)

                     11.3.4.2.3.   India market, by Power Output, 2021 - 2030 (USD Million)

   11.3.4.3.           Japan

                     11.3.4.3.1.   Japan market, By End-user, 2021 - 2030 (USD Million)

                     11.3.4.3.2.   Japan market, By Application, 2021 - 2030 (USD Million)

                     11.3.4.3.3.   Japan market, by Power Output, 2021 - 2030 (USD Million)

   11.3.4.4.           South Korea

                     11.3.4.4.1.   South Korea market, By End-user, 2021 - 2030 (USD Million)

                     11.3.4.4.2.   South Korea market, By Application, 2021 - 2030 (USD Million)

                     11.3.4.4.3.   South Korea market, by Power Output, 2021 - 2030 (USD Million)

11.3.4.5.              Rest of ASIA PACIFIC

                     11.3.4.5.1.   Rest of ASIA PACIFIC market, By End-user, 2021 - 2030 (USD Million)

                     11.3.4.5.2.   Rest of ASIA PACIFIC market, By Application, 2021 - 2030 (USD Million)

                     11.3.4.5.3.   Rest of ASIA PACIFIC market, by Power Output, 2021 - 2030 (USD Million)

       11.4.              Latin America

              11.4.1.   Latin America market, By End-user, 2021 - 2030 (USD Million)

              11.4.2.   Latin America market, By Application, 2021 - 2030 (USD Million)

              11.4.3.   Latin America market, by Power Output, 2021 - 2030 (USD Million)

              11.4.4.   Latin America market, by country, 2021 - 2030 (USD Million)

11.4.4.1.              Brazil

                     11.4.4.1.1.   Brazil market, By End-user, 2021 - 2030 (USD Million)

                     11.4.4.1.2.   Brazil market, By Application, 2021 - 2030 (USD Million)

                     11.4.4.1.3.   Brazil market, by Power Output, 2021 - 2030 (USD Million)

11.4.4.2.              Mexico

                     11.4.4.2.1.   Mexico market, By End-user, 2021 - 2030 (USD Million)

                     11.4.4.2.2.   Mexico market, By Application, 2021 - 2030 (USD Million)

                     11.4.4.2.3.   Mexico market, by Power Output, 2021 - 2030 (USD Million)

                     11.4.4.3.       Rest of Latin America

                     11.4.4.3.1.   Rest of the Latin America market, By End-user, 2021 - 2030 (USD Million)

                     11.4.4.3.2.   Rest of the Latin America market, By Application, 2021 - 2030 (USD Million)

                     11.4.4.3.3.   Rest of the Latin America market, by Power Output, 2021 - 2030 (USD Million)

       11.5.     MEA

              11.5.1.   MEA market, By End-user, 2021 - 2030 (USD Million)

              11.5.2.   MEA market, By Application, 2021 - 2030 (USD Million)

              11.5.3.   MEA market, by Power Output, 2021 - 2030 (USD Million)

              11.5.4.   MEA market, by region, 2021 - 2030 (USD Million)

 

12. Competitive Landscape

       12.1 ABB GROUP

              12.1.1.   Company overview

              12.1.2.   Financial performance

              12.1.3.   End-user Portfolio Analysis

              12.1.4.   Business Strategy & Recent Development

       12.2. Allied Motion Technologies, Inc

              12.2.1.   Company overview

              12.2.2.   Financial performance

              12.2.3.   End-user Portfolio Analysis

              12.2.4.   Business Strategy & Recent Development

       12.3. Ametek, Inc

              12.3.1.   Company overview

              12.3.2.   Financial performance

              12.3.3.   End-user Portfolio Analysis

              12.3.4.   Business Strategy & Recent Development

       12.4. Dumore Corp

              12.4.1.   Company overview

              12.4.2.   Financial performance

              12.4.3.   End-user Portfolio Analysis

              12.4.4.   Business Strategy & Recent Development

       12.5. Franklin Electric

              12.5.1.   Company overview

              12.5.2.   Financial performance

              12.5.3.   End-user Portfolio Analysis

              12.5.4.   Business Strategy & Recent Development

       12.6. General Electric Company

              12.6.1.   Company overview

              12.6.2.   Financial performance

              12.6.3.   End-user Portfolio Analysis

              12.6.4.   Business Strategy & Recent Development

       12.7. Hitachi, Ltd

              12.7.1.   Company overview

              12.7.2.   Financial performance

              12.7.3.   End-user Portfolio Analysis

              12.7.4.   Business Strategy & Recent Development

       12.8. Hyosung Corp

              12.8.1.   Company overview

              12.8.2.   Financial performance

              12.8.3.   End-user Portfolio Analysis

              12.8.4.   Business Strategy & Recent Development

       12.9. Hyundai Electric Co, Ltd

              12.9.1.   Company overview

              12.9.2.   Financial performance

              12.9.3.   End-user Portfolio Analysis

              12.9.4.   Business Strategy & Recent Development

        12.10. Johnson Electric

              12.10.1.   Company overview

              12.10.2.   Financial performance

              12.10.3.   End-user Portfolio Analysis

              12.10.4.   Business Strategy & Recent Development

         12.11. Kirloskar Electric Company, Ltd

              12.11.1.   Company overview

              12.11.2.   Financial performance

              12.11.3.   End-user Portfolio Analysis

              12.11.4.   Business Strategy & Recent Development

          12.12. Lincoln Electric Holdings, Inc

              12.12.1.   Company overview

              12.12.2.   Financial performance

              12.12.3.   End-user Portfolio Analysis

              12.12.4.   Business Strategy & Recent Development

           12.13. Nidec Motor Corp

              12.13.1.   Company overview

              12.13.2.   Financial performance

              12.13.3.   End-user Portfolio Analysis

              12.13.4.   Business Strategy & Recent Development

          12.14. Regal Rexnord Corp

              12.14.1.   Company overview

              12.14.2.   Financial performance

              12.14.3.   End-user Portfolio Analysis

              12.14.4.   Business Strategy & Recent Development

          12.15. Robert Bosch GmBH

              12.15.1.   Company overview

              12.15.2.   Financial performance

              12.15.3.   End-user Portfolio Analysis

              12.15.4.   Business Strategy & Recent Development

          12.16. Rockwell Automation

              12.16.1.   Company overview

              12.16.2.   Financial performance

              12.16.3.   End-user Portfolio Analysis

              12.16.4.   Business Strategy & Recent Development

          12.17. Schneider Electric

              12.17.1.   Company overview

              12.17.2.   Financial performance

              12.17.3.   End-user Portfolio Analysis

              12.17.4.   Business Strategy & Recent Development

          12.18. Siemens AG

              12.18.1.   Company overview

              12.18.2.   Financial performance

              12.18.3.   End-user Portfolio Analysis

              12.18.4.   Business Strategy & Recent Development

          12.19. Teco Westinghouse

              12.19.1.   Company overview

              12.19.2.   Financial performance

              12.19.3.   End-user Portfolio Analysis

              12.19.4.   Business Strategy & Recent Development

          12.20. Toshiba Corp

              12.20.1.   Company overview

              12.20.2.   Financial performance

              12.20.3.   End-user Portfolio Analysis

              12.20.4.   Business Strategy & Recent Development

          12.21. WEG S.A.

              12.21.1.   Company overview

              12.21.2.   Financial performance

              12.21.3.   End-user Portfolio Analysis

              12.21.4.   Business Strategy & Recent Development

 

List of Tables (59 Tables)

TABLE 1.  MARKET, By End-user, 2021-2030 (USD Million)

TABLE 2.  MARKET FOR Industrial, BY REGION, 2021-2030 (USD Million)

TABLE 3.  MARKET FOR Residential, BY REGION, 2021-2030 (USD Million)

TABLE 4.  MARKET FOR HVAC & Refrigeration, BY REGION, 2021-2030 (USD Million)

TABLE 5.  MARKET FOR Medical, BY REGION, 2021-2030 (USD Million)

TABLE 6.  MARKET FOR Municipal Water Treatment, BY REGION, 2021-2030 (USD Million)

TABLE 7.  MARKET FOR Transportation, BY REGION, 2021-2030 (USD Million)

TABLE 8.  MARKET FOR Others, BY REGION, 2021-2030 (USD Million)

TABLE 9. MARKET, By Application, 2021-2030 (USD Million)

TABLE 10. MARKET FOR Automobile, BY REGION, 2021-2030 (USD Million)

TABLE11. MARKET FOR Industrial Machinery, BY REGION, 2021-2030 (USD Million)

TABLE 12. MARKET FOR HVAC, BY REGION, 2021-2030 (USD Million)

TABLE 13. MARKET FOR Medical equipment, BY REGION, 2021-2030 (USD Million)

TABLE 14. MARKET FOR Food & Beverage, BY REGION, 2021-2030 (USD Million)

TABLE 15. MARKET FOR Mining Industry, BY REGION, 2021-2030 (USD Million)

TABLE 16. MARKET FOR Household appliances, BY REGION, 2021-2030 (USD Million)

TABLE 17. MARKET FOR Others, BY REGION, 2021-2030 (USD Million)

TABLE 18. MARKET, BY POWER OUTPUT, 2021-2030 (USD Million)

TABLE 19. MARKET FOR Fractional Horsepower (FHP) Output, BY REGION, 2021-2030 (USD Million)

TABLE 20. MARKET FOR IHP or Integral Horsepower Output, BY REGION, 2021-2030 (USD Million)

TABLE 21. MARKET, By Type of Motor, 2021-2030 (USD Million)

TABLE 22. MARKET FOR A.C. MOTOR, BY REGION, 2021-2030 (USD Million)

TABLE 23. MARKET FOR D.C. Motor, BY REGION, 2021-2030 (USD Million)

TABLE 24. MARKET, BY REGION, 2021-2030 (USD Million)

TABLE 25. NORTH AMERICA MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 26. NORTH AMERICA MARKET, By End-user, 2021-2030 (USD Million)

TABLE 27. NORTH AMERICA MARKET, By Application, 2021-2030 (USD Million)

TABLE 28. NORTH AMERICA MARKET, BY POWER OUTPUT, 2021-2030 (USD Million)

TABLE 29. EUROPE MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 30. EUROPE MARKET, By End-user, 2021-2030 (USD Million)

TABLE 31. EUROPE MARKET, By Application, 2021-2030 (USD Million)

TABLE 32. EUROPE MARKET, BY POWER OUTPUT, 2021-2030 (USD Million)

TABLE 33. ASIA-PACIFIC MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 34. ASIA-PACIFIC MARKET, By End-user, 2021-2030 (USD Million)

TABLE 35. ASIA-PACIFIC MARKET, By Application, 2021-2030 (USD Million)

TABLE 36. ASIA-PACIFIC MARKET, BY POWER OUTPUT, 2021-2030 (USD Million)

TABLE 37. LAMEA MARKET, BY COUNTRY, 2021-2030 (USD Million)

TABLE 38. LAMEA MARKET, By End-user, 2021-2030 (USD Million)

TABLE 39. LAMEA MARKET, By Type of Motor, 2021-2030 (USD Million)

TABLE 40. LAMEA MARKET, BY POWER OUTPUT, 2021-2030 (USD Million)

TABLE 41. ABB GROUP: COMPANY SNAPSHOT

TABLE 42. ABB GROUP: OPERATING SEGMENTS

TABLE 43. Allied Motion Technologies, Inc: COMPANY SNAPSHOT

TABLE 44. Allied Motion Technologies, Inc: OPERATING SEGMENTS

TABLE 45. Ametek, Inc: COMPANY SNAPSHOT

TABLE 46. Ametek, Inc: OPERATING SEGMENTS

TABLE 47. Dumore Corp: COMPANY SNAPSHOT

TABLE 48. Dumore Corp: OPERATING SEGMENTS

TABLE 49. Franklin Electric: COMPANY SNAPSHOT

TABLE 50. Franklin Electric: OPERATING SEGMENTS

TABLE 51. General Electric Company: COMPANY SNAPSHOT

TABLE 52. General Electric Company: OPERATING SEGMENTS

TABLE 53. Hitachi, Ltd: COMPANY SNAPSHOT

TABLE 54. Hitachi, Ltd: OPERATING SEGMENTS

TABLE 55. Hyosung Corp: COMPANY SNAPSHOT

TABLE 56. Hyosung Corp: OPERATING SEGMENTS

TABLE 57. Hyundai Electric Co, Ltd: COMPANY SNAPSHOT

TABLE 58. Hyundai Electric Co, Ltd: OPERATING SEGMENTS

TABLE 59. Johnson Electric: COMPANY SNAPSHOT

TABLE 60. Johnson Electric: OPERATING SEGMENTS

TABLE 61. Kirloskar Electric Company, Ltd: COMPANY SNAPSHOT

TABLE 62. Kirloskar Electric Company, Ltd: OPERATING SEGMENTS

TABLE 63. Lincoln Electric Holdings, Inc: COMPANY SNAPSHOT

TABLE 64. Lincoln Electric Holdings, Inc: OPERATING SEGMENTS

 TABLE 65. Nidec Motor Corp: COMPANY SNAPSHOT

TABLE 67 Nidec Motor Corp: OPERATING SEGMENTS

TABLE 68. Regal Rexnord Corp: COMPANY SNAPSHOT

TABLE 70. Regal Rexnord Corp: OPERATING SEGMENTS

TABLE 71. Robert Bosch GmBH: COMPANY SNAPSHOT

TABLE 72. Robert Bosch GmBH: OPERATING SEGMENTS

TABLE 73. Rockwell Automation: COMPANY SNAPSHOT

TABLE 74. Rockwell Automation: OPERATING SEGMENTS

TABLE 75. Schneider Electric: COMPANY SNAPSHOT

TABLE 76. Schneider Electric: OPERATING SEGMENTS

TABLE 77. Siemens AG: COMPANY SNAPSHOT

TABLE 78. Siemens AG: OPERATING SEGMENTS

TABLE 79. Teco Westinghouse: COMPANY SNAPSHOT

TABLE 80. Teco Westinghouse: OPERATING SEGMENTS

TABLE 81. Toshiba Corp: COMPANY SNAPSHOT

TABLE 82. Toshiba Corp: OPERATING SEGMENTS

TABLE 83. WEG S.A.: COMPANY SNAPSHOT

TABLE 84. WEG S.A.: OPERATING SEGMENTS

 

List of Figures (22 Figures)

Figure 1 Market: Research Methodology Steps

Figure 2 Research Design

Figure 3 Breakdown of Primaries: Market

Figure 4 Research Methodology: Hypothesis Building

Figure 5 Market: End-user-Based Estimation

Figure 6 Top 21 Companies with Highest No. Of Patent in Last 9 Years

Figure 7 No. Of Patents Granted Per Year, 2019–2021

Figure 8 Import Data for Electric Motor, By Country, 2016–2021 (USD Thousand)

Figure 9 Export Data for Electric Motor, By Country, 2016–2021 (USD Thousand)

Figure 10 Data Triangulation Methodology

Figure 11 Market, By Application, 2019 vs. 2025 (USD Million)

Figure 12 Market Share, By Power Output, 2019 vs. 2025 (USD Million)

Figure 13 Market Share, By End-user, 2019 vs. 2025 (USD Million)

Figure 14 Market Share, By Type of Motor, 2019 vs. 2025 (USD Million)

Figure 15 Geographical Snapshot of the Market

Figure 16 rotary Electric Motor to Witness Higher CAGR in the Market for End-user Segment During the Forecast Period.

Figure 17 Automobile to Witness Higher CAGR in Market for Application Segment during the Forecast Period.

Figure 18 A.C. Motor to Witness Higher CAGR in Market for Type of Motor Segment during Forecast Period.

Figure 19 IHP or Integral Horsepower Output Electric Motor to Witness Higher CAGR in Market for Power Output Segment during Forecast Period.

Figure 20 Asia Pacific for the Largest Share of the Market, By Regional Basis, in 2019

Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges

Figure 22 North America: Market Snapshot

Figure 23 Asia Pacific: Market Snapshot

Figure 24 Vendor Dive: Evaluation Overview

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