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Global Electric Motor Market By Output Power (< 1HP, > 1HP), By Rotor type (Inner Rotor, Outer Rotor), By Power Rating (<1 KW, 1-2.2 KW, Others), By End User (Industrial, Residential, Others), By Region–Forecast & Opportunities to 2026

The global electric motor market accounted for a value of USD 115.5 billion in 2019. Electric motor market is projected to register growth at a CAGR of 4.7% during forecast period.

COVId-19 has impacted electric motor market significantly during forecast period. The supply chain of raw material and finished products is immensely disrupted due to travel restriction which resulted in delay in delivery and slow manufacturing. The manufacturing facilities have to shut down due to nation wise lockdown. The exports and imports of parts and have been stopped due to international border closer. Various components of electric motor come from China, US and Europe and all these parts are not available for manufacturing. There will be significant decline in electric motor market for next one or two years.

Definition:

Electric motor can be defined as a device which converts electrical energy into mechanical energy. It comprises of various components such as windings, commutator, air gap, rotor, bearing and stator. It used in various mechanical and robotic systems because of factors such as speed, acceleration, requirements, torque and angular movements.

Market Dynamics (Drivers/Opportunities):

Electric DC is used widely in HVAC systems. HVAC systems are considered t be one of the vital components as it provides thermal comfort and gives better air quality in indoor spaces. HVACs are widely adopted for in large buildings, shopping malls. The demand for HVAC systems are increasing across various regions. DC electric motor used in HVAC system ensures high efficiency in airflow and maximize power and life of such systems. The wide adoption of DC electric motor in HVAC systems is likely to drive growth in electric motor during forecast period.

The residential and commercial sectors are expanding across various region of the world. The adoption and consumption of various electrical machines and equipments are increasing. The production and consumption of electricity is increasing which increases use of electric machines. All electric machines utilize electric motors and this drives growth in electric motor market during forecast period.

Market Insights, by Power Rating

On the basis of output power, the electric motor market is segmented into below 1 HP and above 1 HP. The above 1 HP motors segment is estimated to dominate the market for electric motor during forecast period. Electric motor is widely adopted in various end-users industries. The above 1 HP motors are compact, low maintenance and low weight. The large scale adoption in transportation and industrial segment is likely to drive growth in above 1 HP motors during forecast period.

Market Insights, by Rotor Type

On the basis of rotor type, the electric motor market is segmented into inner rotor and outer rotor. The inner rotor segment is estimated to hold largest market share during forecast period. The inner rotor motors are positioned at center and stator winding. The inner motor segment is widely used in automotive, consumer electronics, CNC machines, robotics, manufacturing and automatic door openers industries. This motor is used to carry out deceleration and acceleration of speed, it is compact and it offers high starting torque. This drives growth in inner rotor motors during forecast period.

Market Insights, by End-User

On the basis of end-user, the electric motor market is segmented into industrial, residential, transportation, agriculture and commercial. The industrial segment is estimated to hold largest market share during forecast period.  Major industries across the world are function on motorized automation. Major industries such as oil & gas, paper & pulp, water & wastewater, petrochemicals & chemicals, metal & mining, cement & manufacturing industries and others utilized electric motors. This drives growth in industrial segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The rapid urbanization and industrialization are taking place in various countries such as India, Japan, South Korea, Australia and China. The industries in this region are moving towards internet-based operations. This region is adopting new technologies in automation and motorized based equipments and this region is increasingly exploring connected device and innovative services. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in electric motors industry are ABB, NIDEC Corporation, Siemens, WEG, Johnson Electric, Wolong, Ametek, Allied Motion, Regal Beloit, Faulhaber Group, Toshiba Corporation, Hyosung Heavy Industries, Teco Electric & Machinery, Maxon Motor, Buhler Motor, ARC Systems, Brook Crompton and Hitachi.

Segments Covered in the Report

This report forecasts The Global Electric Motor Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global electric motor market report on the basis of output power, rotor type, power rating and end-users.

Electric Motor Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Electric Motor Market, By Output Power , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Below 1HP
  • Above 1HP
  1. Electric Motor Market, By Rotor Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Inner Rotor
  • Outer Rotor
  1. Electric Motor Market, By Power Rating , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • <1 KW
  • 1-2.2 KW
  • 2-3.75 KW
  • >3.75 KW
  1. Electric Motor Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Industrial
  • Residential
  • Transportation
  • Agriculture
  • Commercial
  1. Electric Motor Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Output Power
    • By Rotor Type
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Output Power
      • By Rotor Type
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Output Power
        • By Rotor Type
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Output Power
          • By Rotor Type
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Output Power
            • By Rotor Type
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Hitachi
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • ABB
    • NIDEC Corporation
    • Siemens
    • WEG
    • Johnson Electric
    • Wolong
    • Ametek
    • Allied Motion
    • Regal Beloit
    • Faulhaber Group
    • Toshiba Corporation
    • Hyosung Heavy Industries
    • Teco Electric & Machinery
    • Maxon Motor
    • Buhler Motor
    • ARC Systems
    • Brook Crompton
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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