The global electric motors market size was valued at USD 132.8 billion in 2020 and reach USD 192.4 billion by 2027, registering a CAGR of 7.2% during the forecast period (2021-2027).Below information is analyzed in depth in the report-
Global Electric Motors Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global Electric Motors Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five Electric Motors companies in 2023 (%)
Market Growth Mapping
Qualitative and quantitative methodologies were utilized in the process of market growth mapping. The report offers an extensive examination of market dynamics, including a thorough assessment of the primary factors that drive market expansion, challenges encountered by industry participants, and forthcoming trends that indicate recent development. Prospects for investment and expansion are discerned via a comprehensive SWOT analysis, which evaluates the market’s strengths, weakness, opportunities, and threats. The PESTEL analysis, which investigates the technological, environmental, political, economic, and social factors that influence the industry, provides additional depth of analysis. Furthermore, the report incorporates an analysis of PORTER'S 5 forces, which provides valuable perspectives on the sector's profitability and competitive intensity. Moreover, the report covers regulatory landscape, COVID-19 impact analysis, customer sentiment and behavior, trade analysis, supply-demand analysis, and the influence of government policies and other macroeconomic factors.
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Electric Motors Market Segmentation:
This study offers a thorough segmentation of the Electric Motors market based on an in-depth examination of the product portfolios and customers of key regional and global market players. By means of a comprehensive examination, we offer detailed perspectives on market segmentation, assisting stakeholders in comprehending the diverse aspects and variables that impact the Electric Motors market.
The electric motors market has been segmented based on product type –
AC Motors
DC Motors
The electric motors market has been segmented based on application –
Industrial Machinery
Residential
Commercial
Transportation
Others (Agriculture)
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The key companies covered in the market report are:
Allied Motion Technologies Inc.
Ametek Inc.
Arc Systems Inc.
Asmo Co. Ltd.
Baldor Electric Company Inc.
Emerson Electric Co.
Franklin Electric Co.
General Electric
Johnson Electric
Nidec Corporation
Rockwell Automation
Siemens.