FAQs

Electric Motors Global Market Report 2022 – By Type (Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor), By Output Power (Integral Horsepower (IHP), Fractional Horsepower (FHP)), By Voltage Range (9v & Below, 10-20 v, 21-60 v, 60 v And Above), By Application (Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications) – Market Size, Trends, And Global Forecast 2022-2026

What is the definition of the electric motors market?

The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. These include components such as rotor, bearings, stator, air gap, windings, and commutator. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots.

How will the electric motors market drivers and restraints affect electric motors market dynamics? What forces will shape the electric motors

Some electric motors market restraints include increased tariffs on raw materials such as steel and aluminium.

What is the forecast market size of the electric motors market?

The electric motors market is expected to reach $93.85 billion in 2026 at a rate of 0.01%.

How is the electric motors segmented?

The global electric motors market is segmented -
1) By Type: Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor 2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP) 3) By Voltage Range: 9 V and Below, 10-20 V, 21-60 V, 60 V and Above 4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace and Transportation, Household Appliances, Other Commercial Applications 5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)

Which region has largest share, and what is the market size and growth by geography according to the electric motors global market report?

For more detail on this, request a sample here.

Who are the key players of the electric motors market?

Top competitors in the electric motors market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., and Baldor Electric Company, Inc.

What are the key trends in the electric motors market?

Major trends influencing the electric motors market include the increase in the manufacturing of IoT enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behavior and sends an alert upon detecting any deviation from normal behavior. Smart motors offer several benefits such as increased lifespan of equipment, and improved safety.

What are the major opportunities in the electric motors market and the approaches companies can take to take advantage of them?

For detail on the future and current opportunities in the global electric motors market, request a sample here. request a sample here

How does the electric motors market relate to the overall economy and other similar markets?

For this and further detailed insights on the market, request a sample here.