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Electric Motor Sales Market-Size Volume, Share, Demand growth, Business Opportunity by-2027 (Trending Report)

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Latest Study on “Electric Motor Sales Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.

The global Electric Motor Sales market size is expected to be worth around US$  233.4 Billion by 2027, according to a new report by Nova One Advisor .

The global Electric Motor Sales market size was valued at US$  142.0 Billion in 2020 and is anticipated to grow at a CAGR of 7.2% during forecast period 2021 to 2027.

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Growth Factors:

An increase in awareness regarding green vehicles among customers has been a key factor driving the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is expected to provide a fillip to the market. Electric motors have been observing several advancements in technology over the past few years, owing to which its demand is gaining traction. Additionally, the advent of better insulation materials has improved operational efficiency and the product’s life, which has subsequently driven the market. The market is estimated to witness noteworthy growth over the forecast period owing to an increase in automobile production over the forecast period.

Rapid technological advancements have been playing an imperative role in the growth of the market. Further, improved insulation and operational efficiency have significantly improved the electro-mechanical machines in terms of safety and functionalities, leading to increased demand across multiple industries. Electric motors are used in multiple applications across industry verticals such as home appliances, industrial machinery, and vehicles. The market is expected to witness high growth from Heating, Ventilation, and Cooling (HVAC) applications as they are an inseparable component of HVAC equipment.

Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives. As a result, electric vehicles are manufactured with a view of reducing operational costs and carbon footprint. The upsurge in the production of electric vehicles is expected to positively impact the demand for electric motors as they are used in various applications ranging from performance components to comfort components of the vehicle.

The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency and output, low power consumption, increased operational life, and low maintenance costs are essential requirements for the electro-mechanical machines. Notably, technological innovations have introduced improved design, components, and motor specifications resulting in fulfillment of end-user requirements. Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.

Report Scope of the Electric Motor Sales Market

Highlights of the Report:

  • Increased adoption of the electro-mechanical machines in vehicles, backed by technological advancements resulting in performance enhancement, is expected to positively impact market’s growth
  • The AC motor type held the largest share in 2020. It is estimated to generate over USD 166 .9billion by 2027 due to the extensive use of AC motors in various applications ranging from irrigation pumps to modern-day robotics
  • The fractional horsepower (FHP) output segment represented over 87% of the overall market value in 2020. Fractional horsepower motors are used widely in all household appliances ranging from vacuum cleaners to coffee machines to refrigerators
  • The motor vehicles segment is the most prominent application segment, commanding more than 40.2% of the overall market value in 2020. The electro-mechanical machines are also extensively used in heavy industrial equipment as well as agricultural machinery
  • Asia Pacific will lead the market through 2027, exhibiting a CAGR of 7.9% from 2021 to 2027. The growth of the regional market can be attributed to increasing direct investments in developing nations such as India and China

COVID-19 Impact on Electric Motor Sales Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Electric Motor Sales market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Electric Motor Sales market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Regional analysis:

Asia Pacific dominated the electric motor market and accounted for the largest revenue share of 48.9% in 2020. This is attributable to advancements in the agriculture sector and enormous investments in industrialization in countries, including China, India, South Korea, and Australia. Further, the increasing production and sales of electric vehicles in countries including China and Japan as well as the presence of established OEMs such as Honda Motor Co., Ltd., Hyundai Motor Company, Toyota Industries Corporation, and Nissan Motor Corporation are estimated to boost the growth prospects of the market in this region. The market is expected to witness the highest CAGR of 7.9% from 2021 to 2027.

Followed by Asia Pacific, Europe and North America region held a high market share in 2020 and are witnessing rising demand for the product. These regions are the largest market for premium efficiency motors, which are used in HVAC, industrial applications, and electric cars. Growth opportunities for the market in Latin America and Middle East and Africa are projected to rise soon, owing to increasing government funding. The rising demand for motors from the oil and gas industry, rapid development in the mining industry, and significant demand for cement across the construction industry are benefitting the market in these regions.

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Recent report on the Electric Motor Sales market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Electric Motor Sales market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Electric Motor Sales market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Electric Motor Sales market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Electric Motor Sales market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Electric Motor Sales market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Electric Motor Sales market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Electric Motor Sales market is analyzed at both regional and country levels.

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Some of the prominent players in the Electric Motor Sales Market include: Baldor Electric Company, Inc.; Ametek Inc.; Franklin Electric Co., Inc.; Asmo Co., Ltd.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

  • by Motor Type
    • AC Motor
      • Synchronous AC Motor
      • Induction AC Motor
    • DC Motor
      • Brushed DC Motor
      • Brushless DC Motor
    • Hermetic Motor
  • by Power Output
    • Integral HP Output
    • Fractional HP Output
  • by Application
    • Industrial Machinery
    • Motor Vehicles
    • HVAC Equipment
    • Aerospace & Transportation
    • Household Appliances
    • Others

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Electric Motor Sales market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Electric Motor Sales market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Electric Motor Sales market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Electric Motor Sales market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Electric Motor Sales 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 2021-2027 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

Table of Contents

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 Motor Sales Market, By Motor Type

7.1. Electric Motor Sales Market, by Motor Type, 2021-2027

7.1.1. AC Motor

7.1.1.1. Market Revenue and Forecast (2017-2027)

7.1.2. DC Motor

7.1.2.1. Market Revenue and Forecast (2017-2027)

7.1.3. Hermetic Motor

7.1.3.1. Market Revenue and Forecast (2017-2027)

Chapter 8. Global Electric Motor Sales Market, By Application

8.1. Electric Motor Sales Market, by Application, 2021-2027

8.1.1. Industrial Machinery

8.1.1.1. Market Revenue and Forecast (2017-2027)

8.1.2. Motor Vehicles

8.1.2.1. Market Revenue and Forecast (2017-2027)

8.1.3. HVAC Equipment

8.1.3.1. Market Revenue and Forecast (2017-2027)

8.1.4. Aerospace & Transportation

8.1.4.1. Market Revenue and Forecast (2017-2027)

8.1.5. Household Appliances

8.1.5.1. Market Revenue and Forecast (2017-2027)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2017-2027)

Chapter 9. Global Electric Motor Sales Market, By Power Output 

9.1. Electric Motor Sales Market, by Power Output, 2021-2027

9.1.1. Integral HP Output

9.1.1.1. Market Revenue and Forecast (2017-2027)

9.1.2. Fractional HP Output

9.1.2.1. Market Revenue and Forecast (2017-2027)

Chapter 10. Global Electric Motor Sales Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

Chapter 11. Company Profiles

11.1. Allied Motion Technologies, Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. General Electric Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Baldor Electric Company, Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Ametek, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Franklin Electric Co.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Denso Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Johnson Electric Holdings Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Siemens

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Rockwell Automation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Asmo Co., Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. 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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