The Global Electric Motor Market size is expected to reach $175.5 billion by 2024, rising at a market growth of 7.4% CAGR during the forecast period.
The prevalence of electric motors impacts nearly every aspect of the modern living. From refrigerators, vacuum cleaners, air conditioners, fans, to computer hard drives, automatic car windows, and other appliances and devices, all use electric motors with the purpose of converting the electrical energy into useful mechanical energy.
Apart from running the everyday appliances, electric motors can also be held responsible for facilitating a massive portion of industrial processes. Furthermore, electric motors can also be seen an inevitable component at some points of the manufacturing process of almost every conceivable product that is produced in modern factory setups.
Owing to the unlimited horizon of applications for electric motors, it is apparent that there are more than 700 million motors of various sizes in operations globally. This extensive application of motors has a momentous impact on the world due to the amount of power that motors consume.
The application segment of the electric motor market constitutes industrial machinery, motor vehicles, heating ventilating and cooling (HVAC) equipment, aerospace, household appliances and other commercial applications.
Based on estimation, motor vehicle segment is expected to dominate the electric motor application market, accounting for approximately 50% share in terms of revenue. HVAC equipment on the other hand is expected to register prominent growth during the forecast period (2018-2024).
Key Topics Covered
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.4.1 Global Electric Motor Market, by Component
1.4.2 Global Electric Motor Market, by Output Power
1.4.3 Global Electric Motor Market, by End User
1.4.4 Global Electric Motor Market, by Geography
1.5 Methodology for the Research
Chapter 2. Market Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.1.4 Players Outlook for the Market
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Opportunity for the Electric Motor market
Chapter 3. Market Analysis
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations & Agreements and Expansion
3.2.2 Product Launches
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2018)
3.3.2 Key Strategic Move: Leading Players
Chapter 4. Global Electric Motor Market by Component
4.1.1 Global AC Motor Market by Region
4.1.2 Global DC Motor Market by Region
4.1.3 Global Hermetic Motor Market by Region
Chapter 5. Global Electric Motor Market by Output Power
5.1.1 Global Fractional Horsepower (FHP) Output Electric Motor Market by Region
5.1.2 Global Integral Horsepower (IHP) Output Electric Motor Market by Region
Chapter 6. Global Electric Motor Market by End User
6.1.1 Global Motor Vehicles Electric Motor Market by Region
6.1.2 Global Industrial Machinery Electric Motor Market by Region
6.1.3 Global Heating Ventilating and Cooling (HVAC) Equipment Electric Motor Market by Region
6.1.4 Global Household Appliances Electric Motor Market by Region
6.1.5 Global Aerospace & Transportation Electric Motor Market by Region
6.1.6 Global Others Electric Motor Market by Region
Chapter 7. Global Electric Motor Market by Region
7.1 North America Electric Motor Market
7.2 Europe Electric Motor Market
7.3 Asia Pacific Electric Motor Market
7.4 LAMEA Electric Motor Market
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH
8.2 General Electric (GE)
8.3 Siemens AG
8.4 Hitachi Ltd.
8.5 Mitsubishi Heavy Industries Ltd.
8.6 Baldor Electric Company (ABB)
8.7 Emerson Electric
8.8 Denso Corporation
8.9 Toshiba Corporation
8.10 Brook Crompton UK Ltd.
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