An electric motor is a machine that converts electrical energy to mechanical energy. These are broadly used in industrial fans, pumps, disk drives, domestic appliances, electric cars, compressors, machine tools, HVAC applications, power tools, as well as automated robots among others. These motors are gaining adoption over standard motors owing to several factors including longer operating life, low maintenance, low power consumption, and a high tolerance for voltage fluctuations.
MARKET DYNAMICS
The rising fuel prices across the globe have created a need to shift to non-conventional sources of fuel. Also, several governments are taking initiatives to reduce the carbon footprint. As a result of this, the production of electric vehicles is witnessing a high demand. Also, governments of certain countries such as China and the US, are supporting the adoption of electric vehicles by offering subsidies and favorable policies. Since electric motors have a major application in electric vehicles, the rise in demand for electric vehicles is expected to propel the electronic motor market growth.
MARKET SCOPE
The "Global Electric Motor Market Analysis to 2028" is a specialized and in-depth study of the electric motor industry with a special focus on the global market trend analysis. The report aims to provide an overview of electric motor market with detailed market segmentation by motor type, output power, voltage, application, and geography. The global electric motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric motor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Electric Motor market is segmented on the basis of motor type, output power, voltage, and application. On the basis of the motor type, the electric motor market is segmented into AC motor and DC Motor. The AC motor segment is further sub-segmented into synchronous AC motors and induction AC motors. Also, DC motor segments is sub-segmented into brushed and brushless DC motors. The market on the basis of the output power is classified into integral horsepower output and fractional horsepower output. Based on voltage, the market is segmented into 9 V & below, 10-20 V, 21-60 V, and 60 V & above. Furthermore, by application, the market is segmented into industrial machinery, HVAC equipment, motor vehicles, household appliances, aerospace & transportation, and others.
TABLE OF CONTENTS
LIST OF TABLES
LIST OF FIGURES
The List of Companies
1. ABB Ltd.
2. AMETEK, Inc.
3. Franklin Electric Co. Inc.
4. General Electric
5. Johnson Electric Holdings Limited
6. Nidec Corporation
7. Regal Beloit Corporation
8. Rockwell Automation, Inc.
9. Siemens AG
10. Toshiba Corp
1. ABB Ltd.
2. AMETEK, Inc.
3. Franklin Electric Co. Inc.
4. General Electric
5. Johnson Electric Holdings Limited
6. Nidec Corporation
7. Regal Beloit Corporation
8. Rockwell Automation, Inc.
9. Siemens AG
10. Toshiba Corp