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Global Electric Motors Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Industry Events and Developments; Competitive Landscape, 2022-2027

Electric Motors Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global Electric Motors market reached a value of about USD 109.10 billion in 2021. The industry is projected to grow at a CAGR of around 5.9% in the forecast period of 2022-2027 to reach a value of about USD 153.60 billion by 2027.

The global Electric Motors industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for housing is primarily driving the market's growth. The Asia Pacific is the highest category spender by region, driving the need for the Electric Motors industry.

Electric Motors: Industry Definition and Segmentation

Electric motors help transform electrical energy into mechanical energy by utilising the electromagnetic phenomena, which is the interaction of the motor's magnetic field with the electric current existing in a wire winding. The components are the rotor, bearings, stator, air gap, windings, and commutator. The Electric Motors industry report comprises segments by Type (AC Motors, DC Motors, Hermetic Motors), Power Output (Integral HP Output, Fractional HP Output), Application (Industrial, Residential and Commercial, E-Mobility, and Others) and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds the largest share in the industry, owing to the region's growing industrialisation, which drives up demand for electric motors across various sectors. Furthermore, the government is boosting its investments in developing and deploying electric motors in the automotive industry, construction, and mining. The engines are also used in agriculture in nations like India, where many of the population uses agricultural methods. As a result, the market is witnessing expansion.

The growth in demand for housing is driving the market, and other commercial and industrial infrastructure facilities have resulted from the world's expanding population and urbanisation rates. In addition, due to the qualities like durability, high efficiency, low energy consumption, and a high tolerance for changing voltages, electric motors are increasingly being used in different industries, including heavy industrial equipment and machinery, which is further propelling the industry growth. Also, Robots are widely utilised in industry for basic, repetitive activities and in hazardous environments requiring direct contact with explosive chemicals and radioactive substances. Assembly-line labour, space exploration, military services, warehouse deliveries, medical help, mine clearance, undersea research, duct cleaning, and commercialised agricultural operations all employ the technology, thus resulting in the industry's development.

However, Industrial motors with high power ratings that produce significant vibration, strain, and temperature during operation might significantly impact electronic components and cause them to fail. As a result, this malfunction is likely to act as a market restraint.

Best Procurement Practices

The global Electric Motors industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Electric Motors regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

An electric motor converts electrical energy into mechanical energy; it has components like a rotor, bearings, stator, air gap, windings, and commutator. Robotic system makers use AC motors for factors such as angular motions, torque needs, acceleration, speed, and control. Distinct forms of DC motors include shunt, series, and permanent magnets, while synchronous machines and reluctance motors are different AC motors. OEM-based goods, pumps, conveyor systems, compressors, fans, and industrial machinery are frequently used for electric motors. The combination of electronic hardware and sensors may be used to create AC and DC motors that offer predictive maintenance and save downtime during maintenance.

Rising Automobile Sector, Further Driving the Procurement of Electric Motors

The industry is being propelled by the Increased spending on personal passenger automobiles. Electric cars are being brought into the market because of technical improvements, which are predicted to minimise the use of fossil fuel-based energy supplies and raise demand for electric motors that improve the utility of electric vehicles, hence aiding market expansion. Furthermore, the top manufacturers' increasing efforts in electric motor research & development will likely boost the market growth further. Additionally, Battery technology advancements have reduced battery costs and increased charging speed. Also, increasing government assistance in tax exemptions and incentives to promote eco-friendly electric cars powered by electric motors is also providing chances for the electric motor market to flourish.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Electric Motors Industry Report

  • ABB Ltd
  • Allied Motion Technologies Inc
  • Ametek Inc
  • General Electric
  • Johnson Electric Holdings Limited

Market Landscape

Several small and significant firms compete in the global market. To improve the efficiency of their products, businesses are increasingly relying on research and development initiatives. The intense rivalry has prompted manufacturers to develop products better to suit customers' needs. To acquire a competitive edge in the price-sensitive market, the corporations are putting in extensive R&D efforts and continual innovation to offer premium quality and high-value items at the lowest possible cost.

Key Initiatives by Companies

  • Nidec Corporation bought Mitsubishi Heavy Industries Machine Tools Co. Ltd., a Japanese company that makes motors, machine tools, cutting tools, and other related items, in February 2021. The motive of the acquisition was to expand the company's motor and actuator product line.
  • Wolong Electric, a Wolong subsidiary, paid USD 160 million for GE's small industrial motors division in March 2020. This acquisition is intended to assist Wolong in gaining market share leadership.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Motors Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Motors Historical Market (2017-2021) 
    8.3    Global Electric Motors Market Forecast (2022-2027)
    8.4    Global Electric Motors Market by Type
        8.4.1    AC Motors
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Synchronous AC Motors
                8.4.1.4.2    Induction AC Motors
        8.4.2    DC Motors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
                8.4.2.3.1    Brushed DC Motors
                8.4.2.3.2    Brushless DC Motors
        8.4.3    Hermetic Motors
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Electric Motors Market by Power Output
        8.5.1    Integral HP Output
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Fractional HP Output
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Electric Motors Market by Application
        8.6.1    Industrial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
            8.6.1.4    Breakup by Power Type
                8.6.1.4.1    Low Power (less than 1KW)
                    8.6.1.4.1.1    Market Share
                    8.6.1.4.1.2    Historical Trend (2017-2021)
                    8.6.1.4.1.3    Forecast Trend (2022-2027)
                8.6.1.4.2    Medium Power (1 KW to 100 KW)
                    8.6.1.4.2.1    Market Share
                    8.6.1.4.2.2    Historical Trend (2017-2021)
                    8.6.1.4.2.3    Forecast Trend (2022-2027)
                8.6.1.4.3    High Power (More than 100 KW)
                    8.6.1.4.3.1    Market Share
                    8.6.1.4.3.2    Historical Trend (2017-2021)
                    8.6.1.4.3.3    Forecast Trend (2022-2027)
        8.6.2    Residential and Commercial
            8.6.2.1    Market Share
                8.6.2.2    Historical Trend (2017-2021)
                8.6.2.3    Forecast Trend (2022-2027)
                8.6.2.4    Breakup by Application Type
                    8.6.2.4.1    HVAC
                        8.6.2.4.1.1    Market Share
                        8.6.2.4.1.2    Historical Trend (2017-2021)
                        8.6.2.4.1.3    Forecast Trend (2022-2027)
                    8.6.2.4.2    Home Appliances
                        8.6.2.4.2.1    Market Share
                        8.6.2.4.2.2    Historical Trend (2017-2021)
                        8.6.2.4.2.3    Forecast Trend (2022-2027)
                    8.6.2.4.3    Others
        8.6.3    E-Mobility
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
            8.6.3.4    Breakup by Type
                8.6.3.4.1    2 and 3 Wheelers
                    8.6.3.4.1.1    Market Share
                    8.6.3.4.1.2    Historical Trend (2017-2021)
                    8.6.3.4.1.3    Forecast Trend (2022-2027)
                8.6.3.4.2    Light Vehicle (Passenger Vehicle)
                    8.6.3.4.2.1    Market Share
                    8.6.3.4.2.2    Historical Trend (2017-2021)
                    8.6.3.4.2.3    Forecast Trend (2022-2027)
                8.6.3.4.3    Commercial Vehicle (Light and Medium Commercial)
                    8.6.3.4.3.1    Market Share
                    8.6.3.4.3.2    Historical Trend (2017-2021)
                    8.6.3.4.3.3    Forecast Trend (2022-2027)
                8.6.3.4.4    Heavy Truck (Heavy Commercial)
                    8.6.3.4.4.1    Market Share
                    8.6.3.4.4.2    Historical Trend (2017-2021)
                    8.6.3.4.4.3    Forecast Trend (2022-2027)
                8.6.3.4.5    Marine
                    8.6.3.4.5.1    Market Share
                    8.6.3.4.5.2    Historical Trend (2017-2021)
                    8.6.3.4.5.3    Forecast Trend (2022-2027)
                8.6.3.4.6    Train
                    8.6.3.4.6.1    Market Share
                    8.6.3.4.6.2    Historical Trend (2017-2021)
                    8.6.3.4.6.3    Forecast Trend (2022-2027)
                8.6.3.4.7    Aerospace
                    8.6.3.4.7.1    Market Share
                    8.6.3.4.7.2    Historical Trend (2017-2021)
                    8.6.3.4.7.3    Forecast Trend (2022-2027)
                8.6.3.4.8    Others
        8.6.4    Others
    8.7    Global Electric Motors Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 8501)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume 
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    ABB Ltd.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Allied Motion Technologies Inc.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Ametek Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    General Electric 
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Johnson Electric Holdings Limited
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Rockwell Automation, Inc.
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Siemens AG
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Others
14    Industry Events and Developments

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Key Questions Answered in the Report

The global Electric Motors market size was valued at USD 109.10 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.9%.

The significant demand for automobiles among consumers is one of the essential drivers of the Electric Motors market growth.

ABB Ltd., Allied Motion Technologies Inc., Ametek Inc., General Electric, and Johnson Electric Holdings Limited are some of key companies in the market.

The Asia Pacific region of the Electric Motors industry holds a significant share in the market.

Analyst Review

The global Electric Motors market attained a value of USD 109.10 billion in 2021, driven by the growth in demand for housing and other commercial and industrial infrastructure facilities has resulted from the world's expanding population and urbanisation rates. Owing to the Increased spending on personal passenger automobiles and raised demand for electric motors, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.9%. The market is projected to reach USD 153.60 billion by 2027. Some of the leading players in the industry are ABB Ltd., Allied Motion Technologies Inc., Ametek Inc., General Electric, and Johnson Electric Holdings Limited.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

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Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

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