Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for publishing professionals · Friday, March 29, 2024 · 699,667,522 Articles · 3+ Million Readers

Electric Motors Market will Reach US$ 145.8 Bn by the end of 2027 - FMI

APEJ and North America Anticipated to Hold Significant Market Value Share in the Global Electric Motors Market

VALLEY COTTAGE, New York, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Future Market Insights’ newly published report titled “Electric Motors Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” examines the global electric motors market and offers crucial market insights for the next 10 years. According to the report, the market is anticipated to witness increasing demand for energy efficient motors owing to a growing focus on energy conservation. The estimated value of the global electric motors market in 2017 is US$ 88.6 Bn and the market is expected to expand at a CAGR of 4.7% to reach US$ 145.8 Bn by the end of 2027. 

Global Electric Motors Market: Dynamics 

The global electric motors market is estimated to be driven by increasing automation and robotics in the manufacturing sector, increasing electric vehicle sales and rising demand from HVAC and household applications. Healthy growth of end use sectors will also be a prime factor supplementing market growth. Industries across prominent regions such as Western Europe and North America and some countries in the Asia Pacific region are anticipated to witness high demand for energy efficient motors, i.e. above the IE2 efficiency level. At a product level, cost effectiveness offered by brushless DC motors due to their limited maintenance, increased efficiency, low operating cost and higher reliability will supplement growth of the DC motor segment. Product development is expected to remain a major focus for leading players in the market, while customisation will emerge as a major trend in the global market.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/REP-GB-2404

On the other hand, one of the main challenges faced by electric motors manufacturers is the rising competition among local and international companies. The local players have a significant impact on the regional markets; this has resulted in price competitiveness and narrowing profit margins. Leading players in the market are using acquisition as a top strategy to maintain a competitive edge in the global market.

Global Electric Motors Market: Segmental Forecast

On the basis of power output, the <1 HP motor segment is estimated to account for over 69% market value share by 2017 end. The segment is expected to register a CAGR of 5.1% over the forecast period. <1 HP motors find diversified applications in various industries, residential appliances, commercial equipment, automotive and others. Healthy growth of end-use industries will significantly drive market demand in this segment.

On the basis of product type, the AC motors segment is anticipated to account for over 75% of the total revenue generated over the forecast period. Growing DC motor market is anticipated to impact demand for AC motors. In terms of volume, DC motors are anticipated to lead total demand for electric motors.

On the basis of application, the pumps and compressor segments are anticipated to collectively account for over 40% of the market revenue share by 2017 end. The pumps segment is expected to witness a relatively higher value CAGR of 5.5% over the forecast period.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you https://www.futuremarketinsights.com/askus/rep-gb-2404

On the basis of end use, the industrial segment is expected to dominate the overall revenue generated in the global market by 2017 end. The segment is estimated to account for a revenue of US$ 45.2 Bn in 2017 and expand at a CAGR of 4.5% over the forecast period. The automotive and transportation segment is also anticipated to hold a significant value share in the overall market, and is expected to expand at a CAGR of 5.1% between 2017 and 2027.

On the basis of region, APEJ is projected to dominate the global market both in terms of value and volume. A favourable macro-economic environment in the region supports the growth of end use industries, which in turn supplements revenue growth of the electric motors market.

Global Electric Motors Market: Competitive Landscape

The global market for electric motors is highly fragmented with a large number of regional and international players. Some of the players reported in this study on the global electric motors market are ABB Group, Johnson Electric, Nidec Corporation, General Electric, Toshiba Corporation, Allied Motion Technologies Inc., Regal Beloit Corporation, Hyundai Electric & Energy Systems Co. Ltd., Hyosung Corporation, Siemens AG, Emerson Electric Company, Schneider Electric SE, Hitachi Ltd., Robert Bosch GmbH, Kirloskar Electric Company Ltd., WEG S.A., Bonfiglioli Riduttori S.p.A., Arc Systems Inc. and East West Manufacturing, LLC.

View Report Preview at Electric Motors Market Segmentation Product Type - AC Motor: Induction Motor, Synchronous Motor, DC Motor: Brush DC, Brushless DC; Application -Pumps, Fans, Compressor, General Machinery, Centrifugal Machinery, Grinders, Extruders, Others; End Use – Industrial: Oil & Gas, Food & Beverages, Manufacturing, Chemical Treatment Plant, Others (Pulp & Papers), Residential, Commercial, Automotive & Transportation
https://www.futuremarketinsights.com/reports/electric-motor-market

Browse More: Industrial Automation & Equipment Market Insights

More from FMI’s Industrial Automation & Equipment Market Insights:

Machine Tool Touch Probe Market segmentation: Probe Type- 3D Touch Probes, 2D Spindle Probes, Tool-length Measuring Probes, Tool Touch-off Probes; Transmission- Infrared, Radio, Hard Wired; Machine Type - CNC Machining Center, VMC, HMC, CNC Turning Center, Others: https://www.futuremarketinsights.com/reports/machine-tool-touch-probe-market

Industrial Hose Assemblies Market Segmentation By Material - Rubber, Plastic, Metal; Product Type - Low Pressure, Medium Pressure, High Pressure; End User - Food & Beverages, Construction & Mining, chemical & Pharmaceuticals, Oil & gas, Automotive, Agriculture, General Manufacturing, Other Industries:
https://www.futuremarketinsights.com/reports/industrial-hose-assemblies-market

Vibrating Screens Market Segmentation By Product Type - Linear Vibrating Screen, Circular Vibrating Screen, Elliptical Vibrating Screen; Drive Type - Direct Drive, Indirect Drive; End Use - Mining, Construction, Recycling, Others (Wood Processing, Iron & Steel Industry, etc.): https://www.futuremarketinsights.com/reports/vibrating-screens-market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Contact Us

Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
FMI Blog: http://www.fmiblog.com/
Website: www.futuremarketinsights.com

Primary Logo

Powered by EIN News
Distribution channels: Book Publishing Industry


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release