How Global Electric Motor And Generator Market Players Should Strategize For 2022-2031

The global electric motor and generator market size is expected to grow from $82.35 billion in 2021 to $87.92 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global electric motor and generators market size is expected to grow to $101.85 billion in 2026 at a CAGR of 3.7%.

What is the Global Electric Motor And Generator Market?

The electric motor and generator market consists of sales of motors, generators, and related services. The motor converts electrical energy into mechanical energy and the generator converts mechanical energy into electrical energy.

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What drives the Global Electric Motor And Generator Market?

Increasing use of household appliances is expected to contribute to the growth of the electric motors and generators manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization along with several other factors are boosting the demand for household appliances, which in turn will drive the market for motors. The growing demand for household appliances that function with a motor will thereby drive the market for electric motors and generators in the forecast period.

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Global Electric Motor And Generator Market Segments
The global electric motor and generator market is segmented:
By Type: Motor Manufacturing, Generator Manufacturing
By End-User: Industrial, Commercial, Residential
By Application: Automobile, Maritime, Power Generation
By Geography: The regions covered in the electric motor and generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Electric Motor And Generator Global Market Report 2022provides market size and growth forecasts for the global electric motor and generator market, global electric motor and generator market share, electric motor and generator market segments and geographies, electric motor and generator market competitive landscape including leading competitors’ revenues, profiles and market shares. The electric motor and generator market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Electric Motor And Generator Industry Playersinclude Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co, ABB Ltd., Nidec, General Electric Co, Baldor Electric Co., Danahar Motion LLC, and Kollmorgen Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.