Electric Motors Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[155+ Pages Report] According to the report published by Facts Factors, the global electric motors market size was worth around USD 25 million in 2019 and is predicted to grow to around USD 212 million by 2026 with a compound annual growth rate (CAGR) of roughly 5% between 2020 and 2026. The report analyzes the global electric motors market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the electric motors market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Electric Motors industry. The report analyzes and declares the historical and current trends analysis of the Electric Motors industry and subsequently recommends the projected trends anticipated to be observed in the Electric Motors market during the upcoming years.

The electric motors market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Electric Motors market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Million Units) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Electric Motors industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Key Insights from Primary Research

• According to interview with industry participants, advancement in technologies coupled with growing demand for motor controllers is driving the target market growth
• Rising applications of electric motors in elevator control, automation , and assembly/packaging is boosting the target market growth
• Target market generated revenue around USD 115 Million in 2018
• Asia Pacific was the major revenue generating region in 2018
• AC motors, integral output, and industrial machinery of type, power output, and application segments were the leading categories in 2018

Key Recommendations from Analysts

• As per our analyst, huge investment in research and development associated with target market by government is expected to boost the global electric motors market
• Target market is projected to generate revenue of around USD 212 Million in 2026
• Target market is anticipated to grow at CAGR of around 5%
• Asia Pacific is expected to continue its dominance in terms of target market in 2026 as well
• AC motors, integral output, and industrial machinery of type, power output, and application segments are estimated to be the leading categories in 2026

Revenue Share by Region

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Electric Motors industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Electric Motors market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Electric Motors industry. The Electric Motors market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Electric Motors sector. Key strategic developments in the Electric Motors market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Electric Motors market are appropriately highlighted in the report.

Growth in the automotive industry coupled with industrial infrastructure is driving the target market growth. In addition, the rise in electric vehicles has been propelling the target market growth for a few years. Moreover, the rise in the number of passengers associated with heavy and commercial vehicles has been augmenting the target market growth as well.

Furthermore, acceleration in advanced technologies is expected to surge the target market growth over the forecast period. Moreover, several innovations and developments associated with electric motors, especially in emerging countries has been majorly developing the target market growth Emerging nations are focusing on the improvement of motor performance as well as efficiency. This may create growth opportunities over the forecast period.

The Electric Motors market research report delivers an acute valuation and taxonomy of the Electric Motors industry by practically splitting the market on the basis of different types, power output, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Electric Motors industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Electric Motors industry is provided for the leading economies of the world.

The Electric Motors market is segmented based on Type, Power Output, and Application. On the basis of type segmentation, the market is classified into DC motors and AC motors. On the basis of power output segmentation, the market is classified into fractional HP output and integral HP output. In terms of Application segmentation, the market is bifurcated into automotive, industrial machinery, HVAC equipment, aerospace, household appliance, and other application.

Some of the essential players operating in the Electric Motors market, but not restricted to include

•  Brook Crompton UK Ltd
•  ABB Group
•  ARC Systems Inc.
•  Nidec (Emerson)
•  Dr. Fritz Faulhaber GMBH
•  Meggitt
•  Maxon Motors AG
•  Regal Beloit Corporation
•  WEG
•  AMETEK
•  Allied Motion Technologies
•  Kearfott Corporation

The taxonomy of the Electric Motors industry by its scope and segmentation is as follows:

By Type Segmentation Analysis 

• DC Motors
• AC Motors

By Power Output Segmentation Analysis

• Fractional HP Output
• Integral HP Output

By Application Segmentation Analysis

• Automotive
• Industrial Machinery
• HVAC Equipment
• Aerospace
• Household Appliance
• Other Application

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa