Electric Motor: Global Market Overview, Industry Trends and Outlook 2020-2025 | IMARCGroup

18/dic/2020 10:22:53 IMARC Group Contatta l'autore

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According to IMARC Group's recently published report titled "Global Electric Motor Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2020-2025", the market reached a value of nearly USD 103.1 Billion in 2019. Looking forward, the market is Expected to continue its moderate growth during the next five years.

An electric motor is an electro-mechanical device that works on the principle of electromagnetic induction. It comprises rotors, stators, bearings, windings, commutators and has low maintenance and energy requirements. It is more economical and has long operating life as compared to its non-electric counterparts. Owing to this, it is widely utilized in fans, pumps, compressors, machine tools, electric cars, power tools, automated robots, turbines, alternators, and rolling and paper mills across the globe.

Global Electric Motor Market Drivers / Constraints:

Electric motors are used in the manufacturing of robots to provide angular movements, acceleration, speed and control. They are also utilized in energy-efficient compressor and conveyor systems. Apart from this, electric motors are used in industrial machinery, aerospace, transportation, household appliances, and heating, ventilating and air conditioning (HVAC) equipment. Furthermore, governments of several countries are promoting the usage of electric vehicles on account of rising environmental concerns. This is expected to create a positive outlook for the market growth in the upcoming years.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Electric Motor Market Segmentation

Market Performance by Voltage

Low Voltage Electric Motors
Medium Voltage Electric Motors
High Voltage Electric Motors

Market Performance by Rated Power

Fractional Horsepower Motors
Integral Horsepower Motors

Market Performance by Fractional Horsepower

Fractional Horsepower (<1/8) Motors
Fractional Horsepower (1/8 - 1/2) Motors
Fractional Horsepower (1/2 - 1) Motors

Market Performance by Integral Horsepower

Integral Horsepower (1 - 5) Motors
Integral Horsepower (10 - 50) Motors
Integral Horsepower (50 - 100) Motors
Integral Horsepower (> 100) Motors

Market Performance by Magnet Type

Ferrite
Neodymium (NdFeB)
Samarium Cobalt (SmCo5 and Sm2Co17)

Market Performance by Region

Asia-Pacific
North America
Europe
Middle East and Africa
Latin America

Market Performance by Weight

Low Weight Motors
Medium Weight Motors
High Weight Motors

Market Performance by Speed

Ultra-High-Speed ​​Motors
High-Speed ​​Motors
Medium Speed ​​Motors
Low Speed ​​Motors

Market Performance by Applications

Industrial Machinery
HVAC
Transportation
Household Appliances
Motor Vehicles
Aerospace
Marine
Robotics
Others

For more information about this report visit: https://www.imarcgroup.com/electric-motor-market 

The global electric motor market is essentially fragmented with the presence of numerous small and large manufacturers who compete in terms of price and quality. Some of the leading players operating in the market are: ABB Group (NYS: US: ABB), Siemens Ag, WEG SA, TECO, Regal Beloit Corporation and Nidec Corporation

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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