Electric Motor Market – Global Opportunities & Forecast, 2020-2027
The market mainly elaborates the
definitions, classifications, market overview, and the industry chain analysis.
The report also covers market size, share, trends, and growth analysis on the
basis of different parameters. It profoundly displays the current market
investigation situation and the upcoming situation in the coming years.
Key Drivers of the Electric Motor Market:
The significant drivers contributing to the
growth of the electric
motor market size include the accelerating number of commercial and
residential sectors, significant shift toward energy-efficient motors, rising utilization
of electric motors across various industry verticals, and the continuous growth
in agriculture sector. It has been observed that agriculture industry is rapidly
transforming driven the changing climatic conditions, population growth, and
mass urbanization. Moreover, currently the medium and large-scale processing of
agriculture process is generally carried out through modern technology rather
than manual process.
Additionally, the growing deployment of
electric motors in agriculture industry to improve the energy efficiency, increase
performance, and to offer high reliability is another factor that will surge
the market growth. Electric motors are being increasingly installed in machines
and drives all the machines on workshop floors over the overheat shafting,
wherein each machine starts, and stop by fast and loses pulley system. Thus,
the improved properties of electric motors such as energy optimization, less
cost of motor maintenance, enhanced speed, and ROI, is further increasing the
adoption of electric motor in agriculture sector. According to the electric
motor market analysis, the high maintenance cost of brushed DC motors is a
major factor that will hamper the market growth.
Top list of key players in the Electric
Motor Market:
·
ABB Ltd
·
Siemens AG
·
General Electric Company
·
Nidec Corporation
·
Denso Corporation
·
Bosch Ltd.
·
Emerson Electric Co.
·
Allied Motion Technologies, Inc
·
Ametek, Inc
·
Hitachi, Ltd.
Segmentation of the Electric Motor
Market:
The report covers all the regions and
countries of the world, which shows a regional development status, including
the market size, volume, and value, as well as price data. Besides, the report
also covers various segment data of the market.
Breakup by Type:
·
AC Motors
o
Induction Motors
o
Synchronous Motors Mechanical
Control Services
·
DC Motors
o
Permanent Magnet Motors
o
Series Motors
o
Shunt Motors
o
Compound Motors
Breakup by Voltage:
·
< 1 kV (Low)
·
1 kV–6.6 kV (Medium)
·
> 6.6 kV (High)
Breakup by Output Power:
·
< 1 hp (Fractional
horsepower)
·
> 1 hp (Integral horsepower)
Breakup by End-Users:
·
Industrial
o
Mining & Metals
o
Chemicals & Petrochemicals
o
Oil & Gas
o
Cement & Manufacturing
o
Utilities
·
Commercial
·
Residential
·
Agriculture
·
Transportation
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
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