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Austin, TX, USA, April 03, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Electric Motor Market Size, Trends and Insights By Type (AC, DC), By Output Power (>1HP, <1HP), By Rotor Type (Inner Rotor, Output Rotor), By End-user (Industrial, Commercial, Residential, Agriculture, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Electric Motor Market size & share was valued at approximately USD 165 Billion in 2021 and is expected to reach USD 182 billion in 2022 and is expected to reach a value of around USD 322 Billion by 2030, at a compound annual growth rate (CAGR) of about 7%during the forecast period 2022 to 2030.”
CMI research report offers a 4.5-degree view of the Electric Motor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric Motor market.
Click Here to Access a Free Sample Report of the Global Electric Motor Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20038
Electric Motor Market: Overview
Compressors, pumps, automobiles, shop equipment, lathes, power tools, home appliances, and electric autos all contain electric motors. Despite their high price, these very effective motors are chosen over regular engines for various reasons, including their longer operational life, low energy consumption, low maintenance requirements, and excellent tolerance for voltage variations. In addition, the demand for high-efficiency motors is anticipated to rise due to the need for increased productivity and low power consumption in electric motor applications.
Growth Factors
HVAC systems ensure interior air quality while providing thermal comfort. Therefore, they are one of the critical components of modern infrastructures, particularly for enormous office or shopping complexes. Due to ongoing growth in China and India’s industrial and commercial sectors, the demand for HVAC systems is continuously increasing throughout the Asia Pacific. Additionally, HVAC systems are related to the construction sector because they will drive the global market in the upcoming ten years.
The rising interest in vector manufacturing is reflected in the growing number of alliances or collaborations between the various organizations involved in this sector. Depending on the purpose, these alliances had a variety of objectives. Associations have been established for many different purposes, including producing vector promoters, constructing or purchasing manufacturing facilities, and out- or in-licensing of vector manufacturing technology.
Request Customized Copy of Electric Motor Market Report @ https://www.custommarketinsights.com/report/electric-motor-market/
(A free sample of the Electric Motor report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Electric Motor report has been modified to include the COVID-19 impact study prior to delivery.)
Request Customized Copy of Electric Motor Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=20038
Segmental Overview
The market for Electric motors is segmented into type, output, rotor type, and end-user. By output power, from 2022 through 2030, the electric motor industry is expected to be dominated by motors with a horsepower of 1 or more. Electric motors are used in a wide range of consumer applications because of their small size, lightweight, and low maintenance. It is anticipated that the installation of electrical motors in industrial and transportation user applications will increase quickly.
Based on end-user, the automotive segment is anticipated to dominate the electric motor market. The increased use of electric motors in the automotive sector is responsible for this high percentage. A typical commercial vehicle includes about 40 electric motors, ranging in power from low to high.
The market in the automotive sector is further driven by the development of low-cost, highly effective electronics in conjunction with advancements in permanent magnetic materials. Furthermore, in industrialized and expanding economies like Germany, the U.S., China, and Japan, the demand for electric vehicles is rising quickly due to rising fuel prices and pollution. As a result, the market is significantly driven by the growing demand for electric motors from the electric car industry.
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Key questions answered in this report:
- What is the size of the Electric Motor market and what is its expected growth rate?
- What are the primary driving factors that push the Electric Motor market forward?
- What are the Electric Motor Industry’s top companies?
- What are the different categories that the Electric Motor Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Electric Motor market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-motor-market/
Regional Overview
In 2021, the Asia Pacific region held the most significant revenue share of nearly 45% in the electric motor market, dominating it. This is due to agricultural sector improvements and significant industrial investments made by nations like China, India, South Korea, and Australia.
In addition, the presence of well-known OEMs like Honda Motor Co., Ltd., Hyundai Motor Company, Toyota Industries Corporation, and Nissan Motor Corporation is also expected to boost the market’s growth prospects in this area, as are the rising production and sales of electric vehicles in nations like China and Japan.
Following the Asia Pacific, Europe and North America regions held a significant market share in 2021 and are seeing an increase in product demand. These regions represent the largest market for premium efficiency motors, which are utilized in electric vehicles, industrial applications, and HVAC systems. Due to increased government support, the growth potential for the markets in Latin America, the Middle East, and Africa is anticipated to improve soon.
The market in these regions is expanding with the rising need for motors from the oil & gas sector, the growth of the mining sector, as well as the substantial demand for cement across the construction sector.
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 165 Billion |
| Projected Market Size in 2030 | USD 322 Billion |
| Market Size in 2022 | USD 182 Billion |
| CAGR Growth Rate | 7% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | ABB Group, DENSO, ARC Systems Inc., Siemens AG, General Electric, Asmo Co. Ltd., Nidec Motor Corporation, Regal Beloit Corporation, WEG, Toshiba Corporation, Hitachi, Emerson Electric, Bosch, Johnson Electric Holdings Limited, Maxon Motors AG, Rockwell Automation Inc., AMETEK Inc., and Others |
| Key Segment | By Type, Output Powe, Rotor Type, End-user, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
The top market players are implementing various inorganic growth strategies, including mergers & acquisitions, partnerships, and collaborations, to improve their position in the global industry, making the market for Electric motors extremely competitive. Furthermore, to retain and increase its competitive advantage in the industry, they are also aggressively investing in product development, enhancement, and research and development.
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Our report offers quantitative and qualitative insights into the Electric Motor market and significant development initiatives the key players adopt. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
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Browse the full “Electric Motor Market Size, Trends and Insights By Type (AC, DC), By Output Power (>1HP, <1HP), By Rotor Type (Inner Rotor, Output Rotor), By End-user (Industrial, Commercial, Residential, Agriculture, Automotive, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-motor-market/
Prominent Players
- ABB Group
- DENSO
- ARC Systems Inc.
- Siemens AG
- General Electric
- Asmo Co. Ltd.
- Nidec Motor Corporation
- Regal Beloit Corporation
- WEG
- Toshiba Corporation
- Hitachi
- Emerson Electric
- Bosch
- Johnson Electric Holdings Limited
- Maxon Motors AG
- Rockwell Automation Inc.
- AMETEK Inc.
The global Electric Motor market is segmented as follows:
By Type
By Output Power
By Rotor Type
By End-user
- Industrial
- Commercial
- Residential
- Agriculture
- Automotive
- Others
Click Here to Access a Free Sample Report of the Global Electric Motor Market @ https://www.custommarketinsights.com/report/electric-motor-market/
On the basis of Geography
North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Spectacular Deals
- Comprehensive coverage
- Maximum number of market tables and figures
- Subscription-based option offered
- Best price guarantee
- Free 35% or 60 hours of customization.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
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This Electric Motor Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Electric Motor? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Electric Motor Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Electric Motor Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Motor Market?
- What Is the Current Market Status of the Electric Motor Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Electric Motor Market by Considering Applications and Types?
- What Are Projections of the Global Electric Motor Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Electric Motor Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Electric Motor Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Electric Motor Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Motor Industry?
Reasons to Purchase Electric Motor Market Report
- Electric Motor Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Electric Motor Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Electric Motor Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Electric Motor Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Click Here to Get a Free Sample Report of the Global Electric Motor Market @https://www.custommarketinsights.com/report/electric-motor-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Electric Motor market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Motor market analysis.
- The competitive environment of current and potential participants in the Electric Motor market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Electric Motor market should find this report useful. The research will be useful to all market participants in the Electric Motor industry.
- Managers in the Electric Motor sector are interested in publishing up-to-date and projected data about the worldwide Electric Motor market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Motor products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-motor-market/
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