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Electric Motor Industry Trending Technologies Hit US$ 220 billion by 2030 with 7.1% of CAGR

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The electric motor market was exceeded US$ 163 billion in 2020 and is projected to hit US$ 220 billion by 2030, expanding at an annual CAGR of 7.1 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The machine which converts electrical energy into mechanical energy is known as an electric motor. As compared to the traditional engines electric motors provides various advantages such as low initial cost with the same horsepower rating. It has the longer lifespan due to the less moving parts. The electrical motors are majorly used in industrial, residential, commercial, agriculture and transportation sector.

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Market Report Scope

Report Highlights Details
Market Size USD 220 Billion by 2030
Growth Rate CAGR of 7.1% From 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030

Competition Landscape

In the final section of the research report, Precedence Research provided the global electric motor market structure and a detailed competition landscape to provide a dashboard view of key players operating in the electric motor market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the electric motor market include:

  • ABB Group
  • General Electric
  • ARC Systems, Inc.
  • Asmo Co., Ltd.
  • Nidec Motor Corporation
  • DENSO
  • WEG
  • Emerson Electric
  • Toshiba Corporation
  • Hitachi
  • Bosch
  • Maxon Motors AG
  • Regal Beloit Corporation
  • Rockwell Automation, Inc.
  • Siemens AG
  • AMETEK.Inc.
  • Johnson Electric Holdings Limited

Market Segmentation

By Type

  • Alternate Current (AC)
  • Direct Current (DC)

By Output Power

  • <1 HP
  • >1 HP

By Rotor Type

  • Outer Rotor
  • Inner Rotor

By End-User

  • Industrial
  • Residential
  • Commercial
  • Agriculture
  • Transportation

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and

Questionnaire based research etc.

  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Most Asked Questions –

  • What was the market size value of the electric motor in 2020?
  • What is the expected market size by 2030?
  • What is the electric motor market growth?
  • What are the key factors that positively influence market growth?
  • Who are the prominent players in the electric motor market?

Why should you invest in this report?

If you are aiming to enter the global electric motor market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric motor are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Motors Market, By Type

7.1. Electric Motors Market, by Type, 2021-2030

7.1.1. Alternate Current (AC)

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Direct Current (DC)

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Electric Motors Market, By Output Power

8.1. Electric Motors Market, by Output Power, 2021-2030

8.1.1. <1 HP

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. >1 HP

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Motors Market, By Rotor Type 

9.1. Electric Motors Market, by Rotor Type, 2021-2030

9.1.1. Outer Rotor

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Inner Rotor

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Motors Market, By End-User Type 

10.1. Electric Motors Market, by End-User Type, 2021-2030

10.1.1. Industrial

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Residential

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Commercial

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Agriculture

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Transportation

10.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Electric Motors Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2017-2030)

11.1.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.1.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.1.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.1.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

11.1.6.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.1.6.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.1.6.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2017-2030)

11.2.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.2.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.2.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.2.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.2.6.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Type (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.2.7.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Type (2017-2030)

11.2.8.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.2.8.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.2.8.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2017-2030)

11.3.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.3.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.3.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.3.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.3.6.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Type (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.3.7.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

11.3.8.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.3.8.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.3.8.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2017-2030)

11.4.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.4.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.4.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.4.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.4.6.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Type (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.4.7.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

11.4.8.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.4.8.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.4.8.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Type (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.5.5.4. Market Revenue and Forecast, by End-User Type (2017-2030)

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

11.5.6.2. Market Revenue and Forecast, by Output Power (2017-2030)

11.5.6.3. Market Revenue and Forecast, by Rotor Type (2017-2030)

11.5.6.4. Market Revenue and Forecast, by End-User Type (2017-2030)

Chapter 12. Company Profiles

12.1. ABB Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. General Electric

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. ARC Systems, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Asmo Co., Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Nidec Motor Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. DENSO

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. WEG

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Emerson Electric

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Toshiba Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Hitachi

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Bosch

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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