Electric Motor Market size was valued at US$ 113.30 Bn in 2020 and the total revenue is expected to grow at 6.9 % through 2021 to 2027, reaching nearly US$ 180.75 Bn.
Electric Motor Market Overview:
Electric Motor To assess the market's primary characteristics, market research looks at a variety of factors such as supply, demand, feasibility, and current trends. Projections for the years 2022-2027 are also included in the Electric Motor Market research. Based on statistical data and in-depth research, the Electric Motor report estimates and forecasts potential growth in the worldwide Electric Motor market at each point in time, taking into account both qualitative and quantitative values of major elements such as historical, current, and future trends.
Market Scope:
The Electric Motor market is predicted to expand at the fastest rate during the forecast period 2021-2027. Supply and demand trends, costs, prices, shares, volumes, sales, and gross margins are among the findings of Maximize Market Research (MMR). Each manufacturer's manufacturing unit, capacity, production, factory price, market price, and market share are all examined using MMR data.
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Our team is investigating the impact of COVID 19 on a variety of industries and providing verifiable data to the client. Market circumstances can be predicted using this information. To better understand the impact and factors of COVID 19 on the worldwide Electric Motor market, consult our expert monitoring, which describes all of the influencing components and COVID influence on each important player. The report proposes undertaking a systematic search for technology partners as a first step in identifying the developing and prominent firms participating in market assessments.
Market Segmentation:
Based on Type, the global Electric Motor market is segmented into AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor, Brushed DC Motor, Brushless DC Motor and Hermetic Motor. The AC Motor segment held the largest market share of 70.7% in 2020. Moreover, the segment is estimated to continue its dominance throughout the forecast period, owing to the rise in the adoption of AC motors in industrial applications. AC motors have a lot of applications, from irrigation equipment to advanced robotics, which explains their leading position. They are also used widely in HVAC equipment since they are smaller, cheaper, and convenient. Because of the introduction of extremely efficient and low-cost electronics, as well as advancements in permanent magnetic properties, the popularity of electric AC motors in the automobile industry has boomed.
Interviews with executives from various market-related firms, as well as survey reports, research institutes, and the most recent research reports, are all examples of primary research. In the meantime, the analytic team is working on a series of questionnaires, and after the appointee list is obtained, the target audience is tapped and segmented through a variety of mediums and channels for communicating, including email, telephone, Skype, and LinkedIn Groups.
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Key Players:
• Johnson Electric Holdings Ltd.
• Baldor Electric Company, Inc.
• Ametek, Inc.
• Siemens AG
• Brook Crompton UK Ltd.
• Danaher Motion LLC
• Allied Motion Technologies Inc.
• Franklin Electric Co., Inc.
• ABB Group
• ARC Systems Inc.
• ASMO Co., Ltd.
• Dr. Fritz Faulhaber GmbH
• Emerson Electric
• Maxon Motor AG
• Regal Beloit Corporation
• Rockwell Automation Inc.
• Nidec Corporation
• Wolong
• WEG
• Mitsubishi Electric Corporation
• Mitsuba Corporation
COVID-19 Impact Analysis on Electric Motor Market:
The report has identified detailed impact of COVID-19 on Electric Motor market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Electric Motor market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Electric Motor Market Report are:
- Which product segment grabbed the largest share in the Electric Motor market?
- How is the competitive scenario of the Electric Motor market?
- Which are the key factors aiding the Electric Motor market growth?
- Which region holds the maximum share in the Electric Motor market?
- What will be the CAGR of the Electric Motor market during the forecast period?
- Which application segment emerged as the leading segment in the Electric Motor market?
- Which are the prominent players in the Electric Motor market?
- What key trends are likely to emerge in the Electric Motor market in the coming years?
- What will be the Electric Motor market size by 2027?
- Which company held the largest share in the Electric Motor market?
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