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.
Electric Motor Market Overview:
The study covers the Electric Motor market's most recent revenue and market trends. It stresses a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Electric Motor Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of Electric Motor Market in the next years. The report presents a market overview through common subjects that are highlighted with unique data based on the need. This overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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- Key Market Trends & Challenges:
The study analyses the primary adoption trend impacting the Electric Motor industry as well as issues that may stymie its expansion. Understanding these elements is critical for product planning and design, as well as commercial strategies. To assist you understand the Electric Motor market, this study provides a full analysis of these trends and obstacles.
- Market Statistics:
The report provides the market size and share of the Electric Motor market. It helps in understanding the market and the report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising and industry decision-making processes in the Electric Motor market.
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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 highest market share (70.7%). Due to the growing use of AC motors in industrial applications, the segment is also anticipated to maintain its dominance over the forecast period. AC motors are widely used in modern 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.
• 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
• Mitsubishi Electric Corporation
• Mitsuba Corporation
The report examines the top players in the Electric Motor market in terms of their size, market share, market growth, revenue, production volume, and profitability. The research outlines which growth strategies are being used by key players, including strategic alliances, new product innovation, and so on. It tells you whether you're competing with only industry firms or with competitors who provide alternative solutions. The study helps you understand competitor pricing in the Electric Motor market so you can examine and build a pricing plan that works for your product. The competitive landscape is a significant feature of the Electric Motor industry that all key stakeholders in the industry should be aware of.
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Electric Motor market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Electric Motor Market:
The report has identified detailed impact of COVID-19 on Electric Motor market in regions such as North America, Asia Pacific, Middle-East, Europe, and South America. The report provides Comprehensive analysis on alternatives, difficult conditions, and difficult scenarios of Electric Motor market during this crisis. The report briefly elaborates the advantages as well as the difficulties in terms of finance and market growth attained during the COVID-19. In addition, report offers a set of concepts, which is expected to aid readers in deciding and planning a strategy for their business.
Key Questions answered in the Electric Motor Market Report are:
- Which product segment grabbed the largest share in the Electric Motor market?
- How is the competitive scenario of the Electric Motor market?
- Which are the key factors aiding the Electric Motor market growth?
- Which region holds the maximum share in the Electric Motor market?
- What will be the CAGR of the Electric Motor market during the forecast period?
- Which application segment emerged as the leading segment in the Electric Motor market?
- Which are the prominent players in the Electric Motor market?
- What key trends are likely to emerge in the Electric Motor market in the coming years?
- What will be the Electric Motor market size by 2027?
- Which company held the largest share in the Electric Motor market?
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