Global Electric Motor Market | Future Growth, Growth , Competitive Analysis and Forecast 2027
Electric Motor Market size was valued at US$ 113.30 Bn in 2020 and the total revenue is expected to grow at 6.9 % through 2021 to 2027, reaching nearly US$ 180.75 Bn.
Market Overview:
The Electric Motor Market research assesses the market's key characteristics based on an examination of many variables including supply, demand, feasibility, and current trends. The Electric Motor Market research also includes projections for the years 2022 through 2027. The Electric Motor report estimates and forecasts potential growth in the global Electric Motor market at each point in time-based on statistical data and thorough research that reflects qualitative as well as quantitative values of major factors such as historical, current, and future trends. Further to bring relevance specific to any market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
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Market Dynamics:
All market dynamics are covered in our report. The factors positive factors, restraints, opportunities, and challenges are those points that are explained in detail in the report and all the data are collected from press releases documents, and annual reports. The research aims to suggest a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as an initial step to select the developing and key players that are involved in implementing market estimations.
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COVID19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data is helpful for understanding the market situation. To understand the influence and factors of the COVID 19 on the global Electric Motor market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
Market Segmentation:
The market for electric motors worldwide is divided into several types, including synchronous AC motors, induction motors, brushed DC motors, brushless DC motors, hermetic motors, and AC motors. In 2020, the AC Motor segment had the most market share at 70.7%. Due to the growing use of AC motors in industrial applications, the segment is also anticipated to maintain its dominance throughout the forecast period. AC motors are widely used in advanced robotics and irrigation equipment, which accounts for their dominant position. Due to their smaller size, lower cost, and convenience, they are also commonly utilised in HVAC equipment.
The primary research is conducted through conducting interviews with executives from various market-related organizations, as well as employing survey reports, research institutes, and the most recent research reports. Meanwhile, the analyst team is working on a set of questionnaires, and once the appointee list is received, the target audience is tapped and segmented using various mediums and channels for making connections, such as email, telephonic, Skype, LinkedIn Group & In Mail, Community Forums, open Survey, Survey Monkey, and so on.
By Regions
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
- Latin America (Brazil, Mexico, Argentina, Chile)
- Middle East & Africa (South Africa, Egypt, Saudi Arabia)
Market key players:
Some of the dominant key players in the global Electric Motor market are given below
• Johnson Electric Holdings Ltd.
• Baldor Electric Company, Inc.
• Ametek, Inc.
• Siemens AG
• Brook Crompton UK Ltd.
• 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
High lights of the reports:
- The detailed study of the Global Electric Motor market
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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