Electric Motor Market size was valued at US$ 129.47 Bn in 2022 and the total revenue is expected to grow at 6.9 % through 2023 to 2029, reaching nearly US$ 206.55 Bn.
Electric Motor Market Overview:
For the global industry's Electric Motor market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.
Report Scope and Research Methodology
This comprehensive report on the Global Electric Motor Market was crafted after an in-depth primary and secondary research endeavor by our proficient research team. The secondary research aimed to enrich existing data, segment the market, assess the overall market size, and predict its growth rate effectively.
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Market Scope and Regional Insights
Our research crew meticulously gathered information from diverse sources to offer an insightful regional perspective. This involved an intricate examination of regional stakeholders, tax policies, consumer behavior, and macroeconomic data. The study provides a comprehensive country-level analysis, focusing on segments with high-growth potential, countries holding substantial market shares, and those poised for remarkable development across North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and other regions.
Segmentation
by Output
Power IHP
FHP
by Type
AC Motor
Synchronous AC Motor
Induction AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Hermetic Motor
by Application
Industrial Machinery
Motor Vehicle
HVAC Equipment
Aerospace & Transportation
Household Appliances
by Voltage Range
9V & below
10V-20V
21V-60V
60V
by Speed
Low Speed
Medium Speed High Speed
Ultra-High Speed
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Key Players
1. Johnson Electric Holdings Ltd.
2. Baldor Electric Company, Inc.
3. Ametek, Inc.
4. Siemens AG
5. Brook Crompton UK Ltd.
6. Danaher Motion LLC
7. Allied Motion Technologies Inc.
8. Franklin Electric Co., Inc.
9. ABB Group
10. ARC Systems Inc.
11. ASMO Co., Ltd.
12. Dr. Fritz Faulhaber GmbH
13. Emerson Electric
14. Maxon Motor AG
15. Regal Beloit Corporation
16. Rockwell Automation Inc.
17. Nidec Corporation
18. Wolong
19. WEG
20. Mitsubishi Electric Corporation
21. Mitsuba Corporation
Drivers, Restraints, and Future Insights
The report meticulously analyzes crucial factors influencing market growth, delving into drivers propelling market expansion, restraints posing challenges, and offering future market projections. It addresses key questions about the market's future trajectory, CAGR expectations, leading segments, market sizing by 2029, and identification of major market shareholders.
This insightful report is a comprehensive guide for industry stakeholders, providing a panoramic view of the market landscape, trends, and future prospects. It serves as a critical resource for decision-makers, investors, and strategists seeking a nuanced understanding of the Global Electric Motor Market's evolution and potential.
Key Questions Answered in the Electric Motor Market Report are:
What will be the CAGR of the Electric Motor market during the forecast period?
Which segment emerged as the leading segment in the Electric Motor market?
Which are the prominent players in the Electric Motor market?
What will be the Electric Motor market size by 2029?
Which company held the largest share in the Electric Motor market?
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