Electric motor market is anticipated to grow at a CAGR of 6.5% during the forecast period. The rising environmental regulations and automobile CO2 emission regulations increase the demand for electric automotive motors and related products to control CO2 emissions across the globe. Furthermore, the key players are establishing new factories to expand the production of electric motors to cater to the demand. For instance, in November 2022, Nidec Corp. announced their plans to invest around $715 million in establishing an electric motor plant in Mexico. Moreover, earlier in April 2021, Nidec Corp. also held an event to announce their decision to open new factories in the city of Novi Sad in the Republic of Serbia. The company established a new business office in Novi Sad to start preparations to start up the factories on a full scale.
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Key regions are discussed in this Electric Motor Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This Electric Motor Market report also helps business owners in knowing market size of major regions as well as market advancements.
Electric Motor Market research report also involves discussing about major competitors and their future actions and such information is useful to invest in product launch and start any business. It has the potent to augment the product or service offerings. Competitive analysis covered here for the estimation period 2022-2028 greatly helps business participants to make a few vital actions required for the business expansion. Electric Motor Market report also helps start ups by providing them best opportunities available in the market. It also helps them to make the best out of these opportunities.
When launching or releasing any product, it is important to refer Electric Motor Market research report as it covers all the latest market related updates. It also helps to increase the product portfolio by providing all the basics needed. Following an effective marketing strategy has great significance to make business fruitful and here comes the role of market report. Electric Motor Market study report brings value to the business by offering all the relevant market data and increasing the chances of success. Important updates are covered in this Market report regarding corona virus and its major consequences on the entire economy.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electric Motor Market by Current Type
- Alternate Current (AC)
- Direct Current (DC)
Global Electric Motor Market by Rotor Type
- Inner Rotor
- Outer Rotor
Global Electric Motor Market by Power Output
- Fractional Horsepower (Up to 1HP)
- Integral Horsepower (Above 1HP)
Global Electric Motor Market by End-User
- Industrial
- Commercial
- Residential
- Transportation
- Agriculture
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Group
- ARC Systems, Inc.
- Asmo Co., Ltd.
- DENSO Corp.
- Emerson Electric Co.
- GE Group
- Hitachi, Ltd.
- Johnson Electric Holdings Ltd.
- Maxon Group
- Nidec Motor Corp.
- Regal Rexnord Corp.
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Siemens AG
- TECO-Westinghouse
- Toshiba Corp.
- WEG Group
- Wolong Electric Group
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric motor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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