Global Electric Motor Market 2020 | Size, Growth, Demand, Opportunities & Forecast to 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.

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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

Induction Motors
Synchronous Motors Mechanical Control Services

DC Motors

Permanent Magnet Motors
Series Motors
Shunt Motors
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

Mining & Metals
Chemicals & Petrochemicals
Oil & Gas
Cement & Manufacturing
Utilities

Commercial
Residential
Agriculture
Transportation

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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