Global Electric Motor Market 2022

March 2022 | 14 pages | ID: G226E8B4CA80EN
StrategyHelix Inc

Abstracts

A motor refers to a machine that converts energy into mechanical energy (and therefore motion). The global electric motor market is set to increase by US$ 3,293 million from 2022 to 2028, representing a compound annual growth rate (CAGR) of 3.1% during the forecast period.

The report provides up-to-date market size data for period 2018-2021 and forecast to 2028 covering key market aspects like sales value for electric motor. The global electric motor market is segmented on the basis of product, power rating, end user, and region. On the basis of product, the global electric motor market has been segmented into AC motors, DC motors, ED motors. By power rating, the global electric motor market has been segmented into fractional horsepower, low-voltage integral horsepower, high-voltage integral horsepower. Based on end user, the global electric motor market is categorized into oil & gas, chemicals & petrochemicals, power generation, metals & mining, water & wastewater, food & beverages, discrete industries, others. In terms of geography, the global electric motor market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, Latin America.

The AC motors market is further segmented into induction motors, and synchronous motors. The induction motors segment held the largest share of the global electric motor market in 2021 and is anticipated to hold its share during the forecast period. Furthermore, the DC motors market has been categorized into brushless DC motors, switched reluctance motors, servo motors, and stepper motors. In 2021, the servo motors segment made up the largest share of revenue generated by the electric motor market. The ED motors market is further divided into permanent magnet motors, separately excited motors, and self-excited motors. Among these, the separately excited motors segment was accounted for the highest revenue generator in 2021.

The global electric motor market is highly competitive. Some of the leading companies operating in the market are ABB Ltd., Altra Industrial Motion Corp., AMETEK Inc., maxon Group, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., Siemens AG, TECO Electric & Machinery Co. Ltd., The ebm-papst Group, WEG Equipamentos Eletricos S.A., Wolong Electric Group Co. Ltd., Yaskawa Electric Corporation.

Report Scope
Product: AC motors, DC motors, ED motors
Power rating: fractional horsepower, low-voltage integral horsepower, high-voltage integral horsepower
End user: oil & gas, chemicals & petrochemicals, power generation, metals & mining, water & wastewater, food & beverages, discrete industries, others
Region: North America, Asia Pacific, Europe, Middle East and Africa, Latin America
Years considered: this report covers the period 2018 to 2028

Key Benefits for Stakeholders
Get a comprehensive picture of the global electric motor market
Pinpoint growth sectors and trends for investment

Contents

PART 1. INTRODUCTION

Scope of the study
Study period
Geographical scope
Research methodology

PART 2. ELECTRIC MOTOR MARKET OVERVIEW

PART 3. MARKET BREAKDOWN BY PRODUCT

AC motors
DC motors
ED motors

PART 4. MARKET BREAKDOWN BY POWER RATING

Fractional horsepower
Low-voltage integral horsepower
High-voltage integral horsepower

PART 5. MARKET BREAKDOWN BY END USER

Oil & gas
Chemicals & petrochemicals
Power generation
Metals & mining
Water & wastewater
Food & beverages
Discrete industries
Others

PART 6. MARKET BREAKDOWN BY REGION

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

PART 7. KEY COMPANIES

ABB Ltd.
Altra Industrial Motion Corp.
AMETEK, Inc.
maxon Group
Nidec Corporation
Regal Rexnord Corporation
Rockwell Automation, Inc.
Siemens AG
TECO Electric & Machinery Co. Ltd.
The ebm-papst Group
WEG Equipamentos Eletricos S.A.
Wolong Electric Group Co., Ltd.
Yaskawa Electric Corporation
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