Electric Motor

Electric Motor Market Predicted to Garner a Revenue of $ 220 Billion by 2030 The global electric motor market was valued at US$ 163 billion in 2020.

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As per the experts, the electric motor market is predicted to record a growth rate of 7.1% from 2021-2030 and is projected to reach US$ 220 billion by 2030.

The study provides the overall revenue of the global electric motor market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global electric motor market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the electric motor industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Crucial factors accountable for market growth are:

  • Penetration of robotics and automation in end use industries
  • Investments in smart factory automation
  • Increasing government spending on the waste water management
  • The innovation and technological advancement
  • The increasing R&D expenditure of the market leaders

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Report Highlights

  • Based on the type, AC segment is the most dominating in the electric motor market due to its advantages such as less maintenance and longer life span.
  • The above 1 hp motors is the major contributor in the electric motor market. The factors which are contributing the growth of the above 1 hp segment are their compactness, light weight, and low maintenance requirements.
  • The inner rotor segment held the largest share in the electric motor market. These motors are used in robotics, CNC machines, automatic door openers, and metal cutting and forming machine applications in the manufacturing, automotive, and consumer electronics industries
  • Based on the end user, the industrial segment held the prominent share in terms of revenue.

Scope of the Electric Motor Market

Report Coverage Details
Market Size in 2030 USD 220 Billion
Growth Rate between 2021 to 2030 CAGR of 7.1%
Base Year 2021
Forecast Period 2021 to 2030
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Companies Mentioned ABB Group, General Electric, AMETEK.Inc., Bosch, Siemens AG, ARC Systems, Inc., Rockwell Automation, Inc., Asmo Co., Ltd., Nidec Motor Corporation, DENSO, WEG, Emerson Electric, Toshiba Corporation, Hitachi, Maxon Motors AG

Regional Snapshots

Asia Pacific dominated the global electric motor market in 2020 and projected to augment the market in the coming years. The prime factor attributed for its growth is the rapid industrialization; the countries in the Asia Pacific are progressing toward internet-based industrial operations in each sector.

Nidec Corporation said in February 2017 that it has completed the previously announced acquisition of Emerson Electric Co.’s electric power generation, motors, and drives division. The purchased company has a strong commercial foundation, a well-known brand, and a large client base, mostly in North America and Europe.These factors are expected to create a positive impact on the electric motors market in the near future.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global electric motor market are as follows:

  • 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

Segments Covered in the Report

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

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the electric motor market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

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.

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

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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