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

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

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Get more information about the market: According to the latest report by IMARC Group, titled “Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global electric motor market reached a volume of around 546 Million units in 2017, growing at a CAGR of more than 10% during 2010-2017. Request a sample report: Browse more reports on Heavy Industry Industry: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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


1
      Global Electric Motor Market Influenced
by the Surging Demand for Hybrid and Electric
Vehicles

Copyright IMARC. All Rights Reserved
2
About IMARC Group
Report Description
IMARC is a leading advisor on management
strategy and market research worldwide. We
partner with clients in all sectors and regions
to identify their highest-value opportunities,
address their most critical challenges, and
transform their businesses. IMARCs information
products include major market, scientific,
economic and technological developments for
business leaders in pharmaceutical, industrial,
and high technology organizations. Market
forecasts and industry analysis for
biotechnology, advanced materials,
pharmaceuticals, food and beverage, travel and
tourism, nanotechnology and novel processing
methods are at the top of the companys
expertise. IMARCs tailored approach combines
unfathomable insight into the dynamics of
companies and markets with close cooperation at
all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
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.
4
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

5
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
6
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.
7
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

8
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

9
Report Description and Highlights
Report Description

2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by information
storage or retrieval, or by any other form,
without the express consent of International
Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
10

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