Electric Motor Market
Electric Motor Market - Global Industry Assessment & Forecast
#
Pages:
169
2022
Apr - 2022
VMR-1493
Segments Covered
By
Type AC, DC
-
By
Power Rating <1 KW, 1-2.2 KW, 2-375 KW, >375 KW
-
By
Output Power <1 HP, >1 HP
-
By
Rotor Type Inner Rotor, Outer Rotor
-
By
End User Industrial, Residential, Commercial, Agriculture, Transportation
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 119.06 Billion |
 Revenue 2030:
|
USD 194.11 Billion |
 Revenue CAGR
(2023 - 2030): |
6.30% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Electric Motor Market by Type by Power Rating by Output Power by Rotor Type by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Along with the exhaustive secondary research, we at Vantage Market Research, conduct in-depth primary research to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the data requirements such as Electric Motor supply-demand scenario in the global and regional markets, global and regional market size and segmental trends, and revalidation of secondary research outcomes and findings among others.
Data Triangulation and Market Size Estimations
After the determination of the overall market size, from the secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Electric Motor market.
Vantage Market
Research | 26-Apr-2022
FAQ
Frequently Asked Question
What is the global demand for Electric Motor in terms of revenue?
-
The global Electric Motor valued at USD 119.06 Billion in 2022 and is expected to reach USD 194.11 Billion in 2030 growing at a CAGR of 6.30%.
Which are the prominent players in the market?
-
The prominent players in the market are ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), WEG (Brazil), Johnson Electric (China), Regal Beloit Corporation (US), Toshiba Corporation (Japan), TECO Electric & Machinery (Taiwan), Hyosung Heavy Industries (South Korea).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Electric Motor include
- Increased demand for HVAC systems among residential, commercial, and industrial end users
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Electric Motor in 2022.
