Electric Motor Market Growth, Sales, Future Trends, COVID-19 Impact, Size Value and Analysis By 2027

Electric motors are electromechanical devices that operate on the electromagnetism concept. They are long-lasting and reliable, require little maintenance, use less energy, and can withstand voltage fluctuations. Furthermore, electric motors are far less expensive than fossil-fuel engines.

Electric Motor Market size was valued at US$ 121.11 Bn in 2021 and the total revenue is expected to grow at 6.9 % through 2022 to 2029, reaching nearly US$ 206.55 Bn.


Electric Motor Market Overview:

The market research study  Electric Motor investigates and assesses the market's position during the forecast period. It is a comprehensive research that focuses on primary and secondary drivers, market share, leading segments, and regional analysis. The study also examines prominent persons, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.

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Market Scope:

We looked at the  Electric Motor Market from every perspective possible, using both primary and secondary research methodologies. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer habits, among other things. The data is then compiled and assessed using a range of market estimation and data validation methodologies. Furthermore, we have an in-house data forecasting system that forecasts market growth until 2027.

Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to obtain information and verify and validate key numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.

Segmentation:

Based on Type, the global Electric Motor market is segmented into AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor, Brushed DC Motor, Brushless DC Motor and Hermetic Motor. The AC Motor segment held the largest market share of 70.7% in 2021. Moreover, the segment is estimated to continue its dominance throughout the forecast period, owing to the rise in the adoption of AC motors in industrial applications. AC motors have a lot of applications, from irrigation equipment to advanced robotics, which explains their leading position. They are also used widely in HVAC equipment since they are smaller, cheaper, and convenient. Because of the introduction of extremely efficient and low-cost electronics, as well as advancements in permanent magnetic properties, the popularity of electric AC motors in the automobile industry has boomed.


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Key Players:

Primary and secondary research is used to identify industry leaders, and primary and secondary research are used to estimate market revenue. As part of the main research, in-depth interviews with key thought leaders and industry professionals, such as seasoned front-line employees and marketing personnel, were done. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing personnel. Secondary data is utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The players highlighted in this report are as follows:

• Danaher Motion LLC
• Allied Motion Technologies Inc.
• Franklin Electric Co., Inc.
• ABB Group
• ARC Systems Inc.
• ASMO Co., Ltd.
• Dr. Fritz Faulhaber GmbH
• Emerson Electric
• Maxon Motor AG
• Regal Beloit Corporation
• Rockwell Automation Inc.
• Nidec Corporation
• Wolong
• WEG
• Mitsubishi Electric Corporation
• Mitsuba Corporation

Regional Analysis:

The research includes both qualitative and quantitative data and provides an in-depth look into the  Electric Motor industrial sector by region. It provides an overview and prediction of the global  Electric Motor market segment by segment. It also projects and estimates the market size for five key regions from 2021 to 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The  Electric Motor market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.

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COVID-19 Impact Analysis on  Electric Motor Market:

We investigated and analyzed the Global  Electric Motor Business Expansion Strategy post-COVID-19, by organizational strategic analysis, landscape, category, utilization, and leading countries, which encapsulates and analyses the global  Electric Motor industry's potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The primary goal of the study is to provide industrial enterprises with a strategic analysis of COVID-19's impact. Simultaneously, this research examined key nations' marketplaces and emphasized their market potential in post-pandemic situations.

Key Questions Answered in the  Electric Motor Market Report are:

• What are the most promising high-growth opportunities in the global  Electric Motor sector, as defined by product category, End User, and Region?
• Which  Electric Motor market segments will expand the fastest, and why?
• Which regions will have the fastest growth, and why?
• What are the primary elements influencing  Electric Motor market dynamics? What are the primary drivers and obstacles in the  Electric Motor market?
• What are the  Electric Motor market's weaknesses and threats?

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