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Author(s): Electric Motors Market Report Overview:
Electric motors are widely used in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, HVAC applications, disk drives, power tools, electric cars, and automated robots. These high-efficiency motors gain importance over standard motors due to longer operating life, low energy consumption, low maintenance, and high endurance for fluctuating voltages, and others.
The report includes the electric motors used in applications such as pumps, compressors, fans, industrial machineries, blowers, domestic appliances, and other applications. The report provides a comprehensive analysis of the types of electric motors used in the industry, including AC, DC, and hermetic motors along with their applications. The revenue generated from the sales of linear motor applications is not considered in the scope of our study. The usage of types of motors in any application depends on the requirements of the application. Therefore, the introduction of advanced electric motors has increased the popularity of high-tech equipment such as robots and electric cars. Moreover, the global electric motor market is segmented based on the output power of electric motor and their applications in end user industries such as industrial machinery, transportation, motor vehicles, household appliances, and heating ventilation & air conditioning.
The market estimations in the report include the revenue generated from sales of electric motors for different industrial applications, such as pumps, compressors, automobiles, air conditioners, ventilators, elevators, blowers, fans, motor generators, and others. Every application requires a specific type of motor such as AC induction motors, or brushless DC motor, depending on the requirement of the application. In addition, the report includes the micro level study of various geographies utilizing electric motors for various applications. It discusses the scope for various market players to enter the electric motor market.
Global Electric Motor Market top Impacting Factors
Limited Portability of Electric Motors
Portability of electric motors is a key issue, especially when used in heavy appliances. The electric motors used in applications with complex electric circuit face issues related to portability or replacement of faulty components. Compact electric motors are commonly used in miniature appliances with varied power supply requirements based on their configuration.
Proactive Government Incentives
Government organizations take initiatives to reduce environmental pollution caused due to carbon emissions from vehicles. The government of various regions offers subsidies to boost the sales of electric vehicles. Several initiatives are being taken by the government of various countries to reduce environmental pollution. The exemption of fuel consumption tax for plug-in vehicles by European Government has encouraged customers to opt for green vehicles. The Green Vehicle Promotion Measure by the Japanese Government to establish tax deductions and exemptions for eco-friendly and fuel-efficient vehicles is expected to boost the growth of the global electric vehicles market.
High Demand For Electric Motors in Industrial And Agricultural Sectors
Countries, such as India, the U.S., China, Brazil, and Argentina, show high adoption rate of energy-efficient motors in both industrial and agricultural applications. Electric motors are widely used in heavy industrial equipment as well as agricultural vehicles and machineries. Countries, such as India, Vietnam, Brazil, Argentina, Shri Lanka, and others have a substantial population relying on agriculture. Therefore, the demand for energy-efficient and low-cost electric motors has increased in such countries.
Market segments
Alternate Current (AC) Motor
Alternating current (AC) motor is an electrical machine that converts electric energy (alternating current) into mechanical energy, which is utilized by machines to function. Widespread adoption of AC motors is due to general availability of AC power. Moreover, this type of motor can be built easily with numerous features, and varied sizes ranging from a few watts to thousand kilowatts. Therefore, AC motors are classified as synchronous and induction motors, owing to the plethora of characteristics. They are mainly used in industrial applications and machine tools.
Heating, Ventilation, and Cooling (HVAC) Equipment
At present, buildings, such as offices, warehouses, hotels, and hospitals, utilize thousands of fans and pumps to manage the heat, to cool the air, and to pump fresh water. Moreover, power electronics paves its way into many sectors owing to its advanced features and high reliability, which facilitate in the development of energy-efficient buildings. The induction motors are highly efficient electric motors, with potential to save 40% of energy. Therefore, the demand for electric motors is on a rise for applications in various residential as well as office buildings, hotels, and warehouses.
Key Benefits
- The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the electric motor market.
- Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the global electric motor market to develop effective strategies.
- The current and future trends are provided to enhance the potential of the overall electric motor market.
- Value chain analysis provides a systematic study of the key intermediaries involved, which helps stakeholders to formulate appropriate strategies.
Electric Motor Market Key Segments
By Type
- Alternate Current (AC) Motor
- Synchronous AC Motor
- Induction AC Motor
- Direct Current (DC) Motor
- Brushed DC Motor
- Brushless DC Motor
- Hermetic Motor
By Output Power
- Integral Horsepower (IHP)
- Fractional Horsepower (FHP)
By Voltage Range
- 9V & below
- 10V-20V
- 21V-60V
- 60V and above
By Application
- Industrial Machinery
- Motor Vehicle
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Other Commercial Applications
By speed
- Low Speed (Less Than 1,000 rpm)
- Medium Speed (1,001 to 25,000 rpm)
- High Speed (25,001 to 75,000 rpm)
- Ultra-High Speed (Greater Than 75,001 rpm)
By Geography
- North America
- Europe
- Asia-Pacific
- LAMEA
Key Vendors Profiled in the Report
- ABB Group
- ARC Systems, Inc.
- Asmo Co., Ltd.
- Brook Crompton UK Ltd
- Dr. Fritz Faulhaber GMBH
- Emerson Electric
- Maxon Motors AG
- Regal Beloit Corporation
- Rockwell Automation, Inc.
- Companies mentioned in the report
Other companies mentioned in the report- Electric motor market, include Whirlpool Corporation, Toyota, Sony Corporation, Bayer AG, DuPont or E. I. du Pont de Nemours and Company, ATI Allegheny Ludlum, Nippon Steel, British Steel Corporation, ThyssenKrupp AG, SAC Armco, Kawasaki Steel Corporation, Redi Services, IHI Corporation, Bechtel Group, MAN AG, Valeo, Tesla Motors, The National Electrical Manufacturers Association (NEMA), Harley - Davidson, Pitman Motors, Elco, GEA Refrigeration Technologies, Embraco, Trane, Century Electric Motors, Eastland Industries, Inc., BDI, Sissco Hoist & Crane, American Crane & Equipment Corp., Bruce Electric Equipment Corp, WEG Electric Corp., Thrush Co. Inc., Arc Systems, Inc., Wolters Motors & Drives, National Liftgate Parts, Inc., EDAC Corp., WESCO, Accurate Electric Motor & Pump Co., Reily Electrical Supply, Inc., Schunk Group, Hansen Motors, ATS Automation Tooling Systems, Inc., Aerotech Inc., Transicold LLC, Bison Gear & Engineering Corp., Leeson Electric, A Regal Beloit Co., Shenzhen Kinmore Motor Co. Ltd, Tianjin Benma Electric Motor Co. Ltd., Connaught Motor (Shenzhen) Co., Ltd., Shenzhen Xin Dong Hui Motor Technology Co., Ltd., LEESON Electric, Adafruit Industries, Mabuchi Motor Company, The Bosch Group, uxcell, A. O. Smith, Grizzly, Nextrox, AmpFlow, Kohree, Dayton, Packard, RioRand, Century Electric Motors, Smith & Jones, North American Electric, Inc, Itron Inc. (ITRI), Toshiba Mitsubishi-Electric India (TMEIC India), Al-Quraishi Electrical Services of Saudi Arabia (AQESA), TECO Electric and Machinery Co. Ltd., Microsoft Corporation, and Ameya Transmissions, Cemp S.r.l.
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