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Global Electric Motor Market 2022
A motor refers to a machine that converts energy into mechanical energy (and therefore motion). The global electric motor market is set to increase by US$ 3.29 billion from 2022 to 2028, representing a compound annual growth rate (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 product, power rating, end user, and region. On the basis of product, the global electric motor market has been segmented into AC motors, DC motors, and ED motors. By power rating, the global electric motor market has been segmented into fractional horsepower, low-voltage integral horsepower, and high-voltage integral horsepower. Based on end user, the global electric motor market is categorized into oil & gas, chemicals & petrochemicals, power generation, metals & mining, water & wastewater, food & beverages, discrete industries, and others. In terms of geography, the global electric motor market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
The AC motors market is further segmented into induction motors, and synchronous motors. The induction motors segment held the largest share of the global electric motor market in 2021 and is anticipated to hold its share during the forecast period. Furthermore, the DC motors market has been categorized into brushless DC motors, switched reluctance motors, servo motors, and stepper motors. In 2021, the servo motors segment made up the largest share of revenue generated by the electric motor market. The ED motors market is further divided into permanent magnet motors, separately excited motors, and self-excited motors. Among these, the separately excited motors segment was accounted for the highest revenue generator in 2021.
The global electric motor market is highly competitive. Some of the leading companies operating in the market are ABB Ltd., Altra Industrial Motion Corp., AMETEK Inc., maxon Group, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., Siemens AG, TECO Electric & Machinery Co. Ltd., The ebm-papst Group, WEG Equipamentos Eletricos S.A., Wolong Electric Group Co. Ltd., Yaskawa Electric Corporation.
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.
Product: AC motors, DC motors, and ED motors
Power rating: fractional horsepower, low-voltage integral horsepower, and high-voltage integral horsepower
End user: oil & gas, chemicals & petrochemicals, power generation, metals & mining, water & wastewater, food & beverages, discrete industries, and others
Region: North America, Asia Pacific, Europe, Middle East and Africa, and Latin America
Years considered: this report covers the period 2018 to 2028
Key Benefits for Stakeholders
– Get a comprehensive picture of the global electric motor market
– Pinpoint growth sectors and trends for investment
Table of Contents
1. Market definition
2. Research methodology
3. Market data and outlook
3.1 Market size estimates
4. Electric motor market by product
4.1 AC motors
4.2 DC motors
4.3 ED motors
5. Electric motor market by power rating
5.1 Fractional horsepower
5.2 Low-voltage integral horsepower
5.3 High-voltage integral horsepower
6. Electric motor market by end user
6.1 Oil & gas
6.2 Chemicals & petrochemicals
6.3 Power generation
6.4 Metals & mining
6.5 Water & wastewater
6.6 Food & beverages
6.7 Discrete industries
7. Electric motor market by region
7.1 North America
7.2 Asia Pacific
7.4 Middle East and Africa
7.5 Latin America
8. Company profiles
8.1 ABB Ltd.
8.2 Altra Industrial Motion Corp.
8.3 AMETEK, Inc.
8.4 maxon Group
8.5 Nidec Corporation
8.6 Regal Rexnord Corporation
8.7 Rockwell Automation, Inc.
8.8 Siemens AG
8.9 TECO Electric & Machinery Co. Ltd.
8.10 The ebm-papst Group
8.11 WEG Equipamentos Eletricos S.A.
8.12 Wolong Electric Group Co., Ltd.
8.13 Yaskawa Electric Corporation
9.1 About StrategyHelix
12 March 2022