The global Electric Motor Market size is projected to grow from USD 113.14 billion in 2021 to USD 181.89 billion in 2028 while exhibiting a CAGR of 7.0% between 2021 and 2028. Fortune Business Insights published this information in its latest report, titled, “Electric Motor Market, 2021-2028.” The report further mentions that the market stood at USD 106.45 billion in 2020. Factors such as the increasing adoption of electrical motors in the commercial sector and the rapid-paced urbanization is expected to favor the growth of the market in the forthcoming years.x
What does the Report provide?
The global market for electric motor report provides a detailed qualitative and quantitative analysis of the market and focuses on crucial aspects such as materials, leading companies, applications, and products. Also, the report offers insights into latest trends and highlights key industry developments. The report further includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry’s latest dynamics and opportunities that will impact the market growth between 2021 and 2028.
List of the Companies Profiled in the Market:
- ABB (Switzerland)
- AMETEK (United States)
- Johnson Electric (China)
- Siemens (Germany)
- Rockwell Automation (United States)
- GE (United States)
- Nidec Motor Corporation (Japan)
- WEG (Brazil)
- Toshiba Corporation (Japan)
- Hitachi (Japan)
- Mitsubishi Heavy Industries (Japan)
- TECO-Westinghouse Motor Company (United States)
- Arc Systems Inc. (Japan)
- DENSO (Japan)
- Regal Beloit Corporation (United States)
Electric Motor Market Segmentation:
- By Motor Type
- AC Motors
- DC Motors
- Hermetic Motors
- By Power Output
- Fractional Horsepower (Up to 1HP)
- Integral Horsepower (Above 1HP)
- By Voltage
- Up to 1 kV
- 1 kV-6.6 kV
- Above 6.6 kV
- By Application
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Electrical Appliances
- By End-User
Key Questions Answered in This Report.
- What are the Roadblocks for Electric Motor?
- What are the Key Opportunities for Electric Motor Manufacturers?
- How is Focus on Safety Influencing Electric Motor Demand?
- What is the Regulatory Impact on Global Sales of Electric Motor?
- Which Region Offers the Largest Opportunity for Sales of Electric Motor?
- Where Does the U.S. Stand in the Market for Electric Motor?
- What Is the Outlook for Electric Motor Manufacturers in China?
- Why is Germany a Lucrative Market for Electric Motor Manufacturers?
- Why Will Belgium Outpace Other European Markets for Electric Motor?
- Why is There High Demand for Tires in Electric Motor?
- Why are Sales of Electric Motor Surging?
- The report covers forecasts and analyses for the Electric Motor market on a global and regional level.
- The report includes the drivers and the restraints that affect the growth of the market.
- Detailed information about the market opportunities is discussed.
- The key target audience for the market has been determined in the report.
- The revenue generated by the prominent industry players has been analyzed in the report.
- The market numbers have been calculated using top-down and bottom-up approaches.
- The Electric Motor market size and trends have been analyzed using Porter’s Five Forces Analysis.
The Research Provides Answers to the following key questions:
- What is the projected market size of the Electric Motor market by 2028?
- What will be the normal portion of the overall industry for impending years?
- What is the significant development driving components and restrictions of the Global Electric Motor market across different geographic?
- Who are the key sellers expected to lead the market for the appraisal time frame 2022 to 2028?
- What are the moving and arising advances expected to influence the advancement of the Global Electric Motor market?
- What are the development techniques received by the significant market sellers to remain ahead on the lookout?
The report helps in providing a wider introduction to the market and also helps in dealing with the detailed methodology of research for the calculation of the size and forecasts of the market. The sources of secondary data are used and the primary inputs are taken for the validation of data. This section also helps in outlining the several segments that have also been covered as a part of the report. Additionally, the Research methodology reviews tend of providing the calculation for determining the inclinations of the global market.
Why Choose This Report:
- A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
- Data on market value for each section and sub-segment
- Indicates the region and market segment that is likely to expand the fastest and dominate the market.
- The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
- The competitive landscape includes the top players’ market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
Reasons to buy the report:
- To provide a comprehensive picture of the Electric Motor market, illustrative segmentation, analysis, and forecasting of the market have been undertaken based on type, offering, deployment, process, industry, and region.
- In order to offer comprehensive insights into the Electric Motor market, a value chain analysis has been completed.
- This study provides an in-depth analysis of the Electric Motor market’s major drivers, restraints, opportunities, and challenges.
- The study includes important participants, a comprehensive analysis of their income streams, and a full competitive landscape of the market.
The “Electric Motor Market” Research report covers major key players with geographical segmentation, revenue, market size, share and growth of Electric Motor industry in upcoming years. This report also provides in-depth information of major key players, segmentation, and applications and geographically analysis and contains information about Industry overview, Definition, Specifications, raw material and Suppliers, Cost Structure Analysis, R&D Status. The Electric Motor market report presents the proficient and detailed analysis of the present situation of the industry.
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