Global Electric Motor And Generator Market Size, Drivers, Trends, Opportunities And Strategies – Includes Electric Motor And Generator Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing use of household appliances are expected to drive innovation in electric motor and generator manufacturing, thus driving the market during the forecast period.
The global electric motor and generator market is expected to grow from $124.96 billion in 2022 to $132.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The global electric motor and generator market size is expected to grow to $159.81 billion in 2027 at a CAGR of 4.9%.
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Global Electric Motor And Generator Market Segments Include:
- By Type: Motor Manufacturing, Generator Manufacturing
- By End-User: Industrial, Commercial, Residential
- By Application: Automobile, Maritime, Power Generation
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global electric motor and generator market in 2021.
Major Market Players in the electric motor and generator market include Siemens AG, ASMO, Rockwell Automation, Emerson Electric Co., ABB Ltd., Nidec, General Electric Co., Baldor Electric Co., Danahar Motion LLC.
Generator manufacturing companies are increasingly manufacturing portable generators. A portable generator provides electricity by running a gas-powered or diesel-powered engine that turns an onboard alternator to generate electrical power. Rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators as they offer advantages such as flexibility and ease of use.
The Electric Motor And Generator Global Market Report 2023 provides a electric motor and generator market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric motor and generator market forecast analyzes electric motor and generator market size, electric motor and generator market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Machines that transform electrical energy into mechanical energy are known as electric motors. An electric generator is a device that transforms mechanical energy into electrical energy.
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