Global Electric Motors Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Electric Motors Market Report by The Business Research Company covers electric motors market drivers and restraints, electric motors market size, major players, and the impact of COVID-19 on 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. The motor manufacturing market is segmented into AC motor and DC motor. 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.
Increasing use of household appliances is expected to contribute to the growth of the motor manufacturing market in the forecast period. The global electric motors market is expected to grow from $64.1 billion in 2020 to $66.88 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $72.18 billion in 2025 at a CAGR of 2%.
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Some electric motors market trends include motor manufacturing companies increasingly manufacturing IoT enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance.
Global electric motors market segments include:
1) By Type: Alternate Current (AC) Motor, Direct Current (AC) 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 & 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)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Electric Motors Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides electric motors market overviews, analyzes and forecasts market size, share, electric motors market players, electric motors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electric motors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electric Motors Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Baldor Electric Company, Inc., Allied Motion Technologies, Inc., Franklin Electric Co., Inc., Johnson Electric Holdings Limited , Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electric Motors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Electric Motors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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