Electric Motor for Household Appliances Market Size, Share, and Analysis, By Type (AC Motor and DC Motor), By Voltage (Up to 50V, 50-120V, and Above 120V), By Power Volt (Up to 500W and Above 500W), By Application (Refrigerator, Washing Machine, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
Electric Motor for Household Appliances Market Size, Share, and Analysis, By Type (AC Motor and DC Motor), By Voltage (Up t%li%50V, 50-120V, and Above 120V), By Power Volt (Up t%li%500W and Above 500W), By Application (Refrigerator, Washing Machine, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Electric Motor for Household Appliances Market is expected t%li%grow at a CAGR of 6.7% in the forecast period (2023-2032), with the market size valued at USD 128.95 billion in 2021 and projected t%li%reach USD 262.1 billion by 2032.
Electric motor for household appliances is an efficient equipment designed t%li%power a range of commonly used electronic devices and machines. These motors are known for their energy efficiency and provide smooth functioning of multiple household appliances such as refrigerators, washing machines, vacuum cleaners, and more. Electric motors convert electrical energy int%li%mechanical motion using electromagnetic principles. This provides the necessary force and velocity required t%li%run the household machines. Electric motors come in multiple sizes and provides features like increased durability and noise reduction. Additionally, they have evolved int%li%essential parts of modern home appliances.
MARKET HIGHLIGHTS
Electric motor for household appliances market is expected t%li%reach USD 262.1 billion, growing at a CAGR of 6.7% during the forecast period, owing t%li%an increasing emphasis on energy efficiency and environmental sustainability. Electric motors are preferred by consumers and manufacturers due t%li%their lower energy consumption and carbon footprint. Additionally, the growing number of smart electronic devices has increased the need for efficient electric motors. Technological advancements such as durable and silent motor designs have significantly contributed t%li%the market's expansion. Furthermore, the industry has grown as a result of rising urbanization and greater financial independence.
Electric Motor for Household Appliances Market Segments:
Growth Drivers
Affordability of Household Appliances is Driving the Market Growth
Rising Demand for HVAC Systems t%li%Boosts the Electric Motor Market
Restraint
Growing emphasis on environmental sustainability and energy efficiency
Key Players
PRODUCT OVERVIEW
Electric Motor for Household Appliances Market is expected t%li%grow at a CAGR of 6.7% in the forecast period (2023-2032), with the market size valued at USD 128.95 billion in 2021 and projected t%li%reach USD 262.1 billion by 2032.
Electric motor for household appliances is an efficient equipment designed t%li%power a range of commonly used electronic devices and machines. These motors are known for their energy efficiency and provide smooth functioning of multiple household appliances such as refrigerators, washing machines, vacuum cleaners, and more. Electric motors convert electrical energy int%li%mechanical motion using electromagnetic principles. This provides the necessary force and velocity required t%li%run the household machines. Electric motors come in multiple sizes and provides features like increased durability and noise reduction. Additionally, they have evolved int%li%essential parts of modern home appliances.
MARKET HIGHLIGHTS
Electric motor for household appliances market is expected t%li%reach USD 262.1 billion, growing at a CAGR of 6.7% during the forecast period, owing t%li%an increasing emphasis on energy efficiency and environmental sustainability. Electric motors are preferred by consumers and manufacturers due t%li%their lower energy consumption and carbon footprint. Additionally, the growing number of smart electronic devices has increased the need for efficient electric motors. Technological advancements such as durable and silent motor designs have significantly contributed t%li%the market's expansion. Furthermore, the industry has grown as a result of rising urbanization and greater financial independence.
Electric Motor for Household Appliances Market Segments:
- By Type
- AC Motor
- DC Motor
- By Voltage
- Up t%li%50V
- 50-120V
- Above 120V
- By Power Output
- Up t%li%500W
- Above 500W
- By Application
- Refrigerator
- Washing Machine
- Others
Growth Drivers
Affordability of Household Appliances is Driving the Market Growth
Rising Demand for HVAC Systems t%li%Boosts the Electric Motor Market
Restraint
Growing emphasis on environmental sustainability and energy efficiency
Key Players
- Siemens AG
- ABB Ltd
- Nidec Corporation
- Toshiba Corporation
- WEG Electric Corporation
- Johnson Electric Holdings Limited
- LG Electronics Inc.
- Emerson Electric Co.
- Whirlpool Corporation
- Panasonic Corporation
- Midea Group Co., Ltd.
- Regal Beloit Corporation
- Bosch Group
- Danfoss Group
- Franklin Electric Co., Inc.
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.Electric Motor for Household Appliances: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Electric Motor for Household Appliances: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Type
11.3.1.1.AC Motor
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.DC Motor
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Voltage
11.3.2.1.Up to 50V
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. 50-120V
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Above 120V
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.3. By Power Output
11.3.3.1Up to 500W
11.3.3.1.1 By Value (USD Million) 2022-2032F
11.3.3.1.2Market Share (%) 2022-2032F
11.3.3.1.3Y-o-Y Growth (%) 2022-2032F
11.3.3.2Above 500W
11.3.3.2.1By Value (USD Million) 2022-2032F
11.3.3.2.2 Market Share (%) 2022-2032F
11.3.3.3.1Y-o-Y Growth (%) 2022-2032F
11.3.4By Application
11.3.4.1 Refrigerator
11.3.4.1.1 By Value (USD Million) 2022-2032F
11.3.4.1.2Market Share (%) 2022-2032F
11.3.4.1.3Y-o-Y Growth (%) 2022-2032F
11.3.4.2Washing Machine
11.3.4.2.1By Value (USD Million) 2022-2032F
11.3.4.2.2 Market Share (%) 2022-2032F
11.3.4.2.3 Y-o-Y Growth (%) 2022-2032F
11.3.4.3Others
11.3.4.3.1By Value (USD Million) 2022-2032F
11.3.4.3.2 Market Share (%) 2022-2032F
11.3.4.3.3 Y-o-Y Growth (%) 2022-2032F
12. NORTH AMERICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2.By Voltage
12.3.3.By Power Output
12.3.4.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2.By Voltage
13.3.3.By Power Output
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2.By Voltage
14.3.3.By Power Output
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2.By Voltage
15.3.3.By Power Output
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2.By Voltage
16.3.3.By Power Output
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Siemens AG
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.ABB Ltd
18.3.Nidec Corporation
18.4.Toshiba Corporation
18.5.WEG Electric Corporation
18.6.Johnson Electric Holdings Limited
18.7.LG Electronics Inc.
18.8.Emerson Electric Co.
18.9.Whirlpool Corporation
18.10.Panasonic Corporation
18.11. Midea Group Co., Ltd.
18.12.Regal Beloit Corporation
18.13.Bosch Group
18.14. Danfoss Group
18.15.Franklin Electric Co., Inc.
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.Electric Motor for Household Appliances: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.Electric Motor for Household Appliances: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Type
11.3.1.1.AC Motor
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2.Market Share (%) 2022-2032F
11.3.1.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.2.DC Motor
11.3.1.2.1.By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Voltage
11.3.2.1.Up to 50V
11.3.2.1.1.By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. 50-120V
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2.Market Share (%) 2022-2032F
11.3.2.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Above 120V
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2.Market Share (%) 2022-2032F
11.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.3. By Power Output
11.3.3.1Up to 500W
11.3.3.1.1 By Value (USD Million) 2022-2032F
11.3.3.1.2Market Share (%) 2022-2032F
11.3.3.1.3Y-o-Y Growth (%) 2022-2032F
11.3.3.2Above 500W
11.3.3.2.1By Value (USD Million) 2022-2032F
11.3.3.2.2 Market Share (%) 2022-2032F
11.3.3.3.1Y-o-Y Growth (%) 2022-2032F
11.3.4By Application
11.3.4.1 Refrigerator
11.3.4.1.1 By Value (USD Million) 2022-2032F
11.3.4.1.2Market Share (%) 2022-2032F
11.3.4.1.3Y-o-Y Growth (%) 2022-2032F
11.3.4.2Washing Machine
11.3.4.2.1By Value (USD Million) 2022-2032F
11.3.4.2.2 Market Share (%) 2022-2032F
11.3.4.2.3 Y-o-Y Growth (%) 2022-2032F
11.3.4.3Others
11.3.4.3.1By Value (USD Million) 2022-2032F
11.3.4.3.2 Market Share (%) 2022-2032F
11.3.4.3.3 Y-o-Y Growth (%) 2022-2032F
12. NORTH AMERICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2.By Voltage
12.3.3.By Power Output
12.3.4.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2.By Voltage
13.3.3.By Power Output
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2.By Voltage
14.3.3.By Power Output
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2.By Voltage
15.3.3.By Power Output
15.3.4.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA ELECTRIC MOTOR FOR HOUSEHOLD APPLIANCES SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2.By Voltage
16.3.3.By Power Output
16.3.4.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Siemens AG
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.ABB Ltd
18.3.Nidec Corporation
18.4.Toshiba Corporation
18.5.WEG Electric Corporation
18.6.Johnson Electric Holdings Limited
18.7.LG Electronics Inc.
18.8.Emerson Electric Co.
18.9.Whirlpool Corporation
18.10.Panasonic Corporation
18.11. Midea Group Co., Ltd.
18.12.Regal Beloit Corporation
18.13.Bosch Group
18.14. Danfoss Group
18.15.Franklin Electric Co., Inc.
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
