Global Electric Motor Market Share, Size, Price Trends And Research Report (2018-2023)

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      Global Electric Motor Market Influenced
by the Surging Demand for Hybrid and Electric
Vehicles

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Report Description and Highlights
Report Description
  Global Electric Motor Market Influenced by the
Surging Demand for Hybrid and Electric
Vehicles The global electric motor market has
witnessed an exponential growth over the past
several years on account of technological
advancements along with improving standards of
living and escalating disposable incomes of the
consumers. Electric motors refer to mechanical
devices which work on the basic principle of
electromagnetism. Over the years, these motors
have gained traction due to their growing usage
in a number of applications ranging from hair
dryers, toys, electric shavers and extractor fans
to washing machines, dishwashers, coffee
grinders, microwaves and electric can openers. A
new research report by IMARC Group,
titled Electric Motor Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023, estimates that the global
electric motor market reached a volume of around
546 Million Units in 2017. The report further
anticipates the market to reach a volume of 982
Million Units by 2023, at a projected CAGR of
more than 10 during 2018-2023.
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Report Description and Highlights
Report Description

• Global Electric Motor Market Drivers/Constraints
• Electric vehicles are environment friendly since
  they do not emit toxic gases or smoke into the
  environment and also minimise energy consumption.
  As a result, there is a rise in the demand for
  hybrid and electric vehicles which, in turn, is
  further elevating the growth of the electric
  motor market globally.
• The various government initiatives and regulatory
  policies aimed to promote energy efficiency and
  reduce carbon emissions in various industrial
  verticals are bolstering the demand for
  high-efficiency motors.
• Some of the other factors contributing to the
  growth of the global electric motor market are
  rapid advancements in technology, increasing
  automation and rapid industrialisation.
• The high cost of manufacturing and assembling
  efficient electric motors and the limited
  portability of large motors hinder the market
  growth. Moreover, the intense competition in the
  market also acts as a major deterrent.
• Read more here https//www.imarcgroup.com/electri
  c-motor-market

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Report Description and Highlights
Report Description
Motor Type Insights On the basis of motor type,
the market has been segmented into AC and DC
motors. The AC motors segment is further
categorised into induction and synchronous AC
motors, whereas the DC motors segment is
segregated into brushed and brushless DC motors.
Currently, AC motors are the most popular motor
type, accounting for the majority of the global
share.   Voltage Insights Based on
voltage, low voltage electric motors dominate the
market as these motors consume less energy and
are highly efficient. Low voltage electric motors
are followed by medium and high voltage electric
motors. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
937flagB
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Report Description and Highlights
Rated Power Insights On the basis of rated
power, the market has been segregated into
fractional and integral horsepower electric
motors. Currently, fractional horsepower motors
are the leading segment as these motors are
extensively used in household appliances,
surgical devices, floor scrubbers, car windows,
conveyors, etc. Fractional Horsepower Insights B
ased on fractional horsepower, the report finds
that fractional horsepower (1/8 1/2) motors
dominate the market. These motors are followed by
fractional horsepower (lt 1/8) motors and
fractional horsepower (1/2 1) motors. Integral
Horsepower Insights On the basis of integral
horsepower, electric motors with integral
horsepower between 1 5 hold the largest share
of the global electric motor market. They are
followed by motors with horsepower in the range
10 50, 50 100 and gt 100. Magnet
Insights Based on magnet type, the market has
been classified as ferrite, Neodymium (NdFeB) and
Samarium Cobalt (SmCo5 and Sm2Co17) magnets.
Amongst these, ferrite magnets are the most
popular type of magnets used in electric motors
worldwide.
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Report Description and Highlights

• Weight Insights
• On the basis of weight, low weight electric
  motors hold the largest share, followed by medium
  and high weight electric motors.
• Speed Insights
• Based on speed, the report finds that high speed
  electric motors hold the biggest share. They are
  followed by ultra-high speed, medium speed and
  low speed electric motors.
• Regional Insights
• Region-wise, Asia-Pacific enjoys the leading
  position in the global electric motor market on
  account of rising inclination towards
  energy-efficient motors. Other major regions
  include North America, Europe, Middle East and
  Africa, and Latin America.
• Competitive Landscape
• The global electric motor market is essentially
  fragmented with the presence of numerous small
  and large manufacturers who compete in terms of
  price and quality. Some of the leading players
  operating in the market are
• ABB Group
• Siemens Ag
• WEG SA
• TECO

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Report Description and Highlights

• Regal Beloit Corporation
• Nidec Corporation
• Browse more related reports 
• UAE Electric Motor Market https//www.imarcgroup.
  com/uae-electric-motor-market
• GCC Electric Motor Market https//www.imarcgroup.
  com/gcc-electric-motor-market

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Report Description and Highlights
Report Description

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