Description

An electric motor is any of a class of devices that convert electrical energy to mechanical energy usually by employing electromagnetic phenomena. Electric motors can be powered by direct current (DC) sources, such as batteries or rectifiers. Or by alternating current (AC) sources, such as inverters, electric generators, or a power grid. Electric motors are incorporated in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, HVAC applications, and automated robots. A study by StrategyHelix indicates that the global electric motor market is expected to increase by US$ 4.1 billion from 2022 to 2028, garnering a CAGR of 3.1% during the forecast period.

The report provides up-to-date market size data for period 2018-2021 and forecast to 2028 covering key market aspects like sales value for electric motor. The global electric motor market is segmented on the basis of technology, power output, end user, and region. Based on technology, the global electric motor market is categorized into direct current (DC) motor, alternating current (AC) motor, others. The AC motor segment held the largest share of the global electric motor market in 2021 and is anticipated to hold its share during the forecast period. On the basis of power output, the global electric motor market has been segmented into fractional HP motors (less than 1HP), high voltage integral HP motors (greater than 500HP), low voltage integral HP motors (between 1HP – 500HP). Globally, the low voltage integral HP motors segment made up the largest share of the electric motor market. By end user, the global electric motor market has been segmented into chemicals & petrochemicals, discrete industries, food & beverages, metal & mining, oil & gas, power generation, water treatment, others. The oil & gas segment was the largest contributor to the global electric motor market in 2021. In terms of geography, the global electric motor market has been segmented into Asia Pacific, Europe, North America, Rest of the World (RoW).

The alternating current (AC) motor market is further segmented into AC induction/asynchronous motors, and AC synchronous motors. In 2021, the induction motors segment made up the largest share of revenue generated by the electric motor market. Furthermore, the direct current (DC) motor market has been categorized into permanent magnet (PM) motors, self-excited motors, and separately excited motors. Among these, the separately excited motors segment was accounted for the highest revenue generator in 2021. The other electric motors market is further divided into brushless DC motors (BLDC), servo motors, stepper motors, and switched reluctance motors (SRM). Among them, servo motors segment accounted for the largest market share in 2021. Moreover, it is expected to expand the highest CAGR during the forecast period.

The global electric motor market is highly competitive. As of 2021, the major players in the global electric motor market were ABB Ltd., Altra Industrial Motion Corp., AMETEK Inc., Brook Crompton Holdings Ltd., Hansen Corporation (ElectroCraft Inc.), Hitachi Ltd., Johnson Electric Holdings Limited, Lenze SE, maxon Group, Moog Inc., Nidec Corporation, NORD Gear Corporation, Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Techtop Industries Inc., TECO-Westinghouse Motor Company, The ebm-papst Group, The Yaskawa Electric Corporation, Toshiba Corporation, WEG S.A., Wolong Electric Group Co. Ltd. Competitive landscape gives a description of the competitive nature of the global electric motor market and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the electric motor market to help drive informed decision making for industry executives, policy makers, academic, and analysts.

Report Scope

Technology: direct current (DC) motor, alternating current (AC) motor, others
Power output: fractional HP motors (less than 1HP), high voltage integral HP motors (greater than 500HP), low voltage integral HP motors (between 1HP – 500HP)
End user: chemicals & petrochemicals, discrete industries, food & beverages, metal & mining, oil & gas, power generation, water treatment, others
Region: Asia Pacific, Europe, North America, Rest of the World (RoW)
Years considered: this report covers the period 2018 to 2028
Company mentioned: ABB Ltd., Altra Industrial Motion Corp., AMETEK Inc., Brook Crompton Holdings Ltd., Hansen Corporation (ElectroCraft Inc.), Hitachi Ltd., Johnson Electric Holdings Limited, Lenze SE, maxon Group, Moog Inc., Nidec Corporation, NORD Gear Corporation, Regal Rexnord Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Siemens AG, Techtop Industries Inc., TECO-Westinghouse Motor Company, The ebm-papst Group, The Yaskawa Electric Corporation, Toshiba Corporation, WEG S.A., Wolong Electric Group Co. Ltd.

Key Benefits for Stakeholders

– Get a comprehensive picture of the global electric motor market
– Pinpoint growth sectors and trends for investment

Table of Contents

Part 1. Introduction
– Scope of the study
– Study period
– Geographical scope
– Research methodology
Part 2. Electric motor market overview
Part 3. Market breakdown by technology
– Direct current (DC) motor
– Alternating current (AC) motor
– Others
Part 4. Market breakdown by power output
– Fractional HP motors (less than 1HP)
– High voltage integral HP motors (greater than 500HP)
– Low voltage integral HP motors (between 1HP – 500HP)
Part 5. Market breakdown by end user
– Chemicals & petrochemicals
– Discrete industries
– Food & beverages
– Metal & mining
– Oil & gas
– Power generation
– Water treatment
– Others
Part 6. Market breakdown by region
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)
Part 7. Key companies
– ABB Ltd.
– Altra Industrial Motion Corp.
– AMETEK, Inc.
– Brook Crompton Holdings Ltd.
– Hansen Corporation (ElectroCraft, Inc.)
– Hitachi Ltd.
– Johnson Electric Holdings Limited
– Lenze SE
– maxon Group
– Moog, Inc.
– Nidec Corporation
– NORD Gear Corporation
– Regal Rexnord Corporation
– Robert Bosch GmbH
– Rockwell Automation, Inc.
– Siemens AG
– Techtop Industries, Inc.
– TECO-Westinghouse Motor Company
– The ebm-papst Group
– The Yaskawa Electric Corporation
– Toshiba Corporation
– WEG S.A.
– Wolong Electric Group Co., Ltd.
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