7th October 2019 – Global Electric
Motor Sales Market is anticipated to reach USD 155.3 billion by 2025.
Electric motors are extensively used in compressors, industrial fans, pumps,
machine tools, domestic appliances, automated robots, lathe machines, HVAC
applications, power tools, disk drives, and electric cars.
The factors that propel the growth of
the Electric Motor Sales industry include growing demand for automobile
production and power utilities along with the increase in residential and
commercial infrastructure development, particularly in the emerging countries.
On the other hand, there are factors that may hamper the growth of the market
including high capital investments, and low adoption rate. Electric Motor Sales
Market is anticipated to grow at a significant CAGR of 4.2% in the upcoming
period as the scope, product types, and its applications are increasing across the
globe.
The market may be explored by type,
application, voltage, output power, and geography. Electric Motor Sales
industry may be explored by type as AC Motors, and DC Motors. The “AC Motors”
segment led the market in 2016 and is anticipated to maintain its dominance by
2025 owing to widespread use across application parts such as robotics and
irrigation pumps.
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The key applications that could be
explored in the Electric Motor Market include Motor Vehicles, Industrial
Machinery, HVAC Equipment, Aerospace & Transportation, Household
Appliances, Others. The “Motor Vehicles” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 due to surge in electric vehicle
manufacturing across the world.
The Electric Motor Sales industry could
be explored based on Voltage as < 1 kV (Low), 1 kV–6.6 kV (Medium), and >
6.6 kV (High). The “< 1 kV (Low)” segment led the market in 2016 and is
anticipated to maintain its dominance by 2025 due to rapid growth in the power
sector. The market may be analyzed by output power as < 1 hp (Fractional
horsepower), and > 1 hp (Integral horsepower).
Asia-Pacific accounted for the major
share of the Electric Motor Sales Market Size in 2016 and will continue to lead
in the forecast period. The factors that could be attributed to the growth
includes constant surge in the manufacture of motor driven systems, such as
HVAC equipment, household appliances, and industrial, in foremost nations, such
as India, Singapore, China, Indonesia, and South Korea.
Some of the key players that fuel the
growth of the Electric Motor Sales industry comprise Siemens AG, ABB Ltd.,
General Electric Company, Denso Corporation, Nidec Corporation, Allied Motion
Technologies, Inc., Bosch Group, Ametek, Inc., Emerson Electric Co., Johnson
Electric Holdings Limited, Hitachi, Ltd., Regal Beloit Corporation, WEG,
Rockwell Automation, ARC Systems, Inc., Toshiba International Corporation, and
Baldor Electric Co. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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