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Global Electric Motors Market 2018 Key Players are ABB, WEG, Siemens, Toshiba, Robert Bosch, Nidec Corporation, Allied Motion Technologies, Hyosung, Regal Beloit, Shandong, General Electric, Bulher Motor

Electric Motors Market

Electric Motors Market

Market Overview:-

Electric Motors Market volume share is anticipated to surpass 2 billion units by 2024. High penetration of electromobility is likely to boost the industry. Major industry participants are from the automobile field focusing on increasing electric vehicle production which will drive the product demand. For instance, Honda aims to electrify two-third of its automobile production by 2030.

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Having debuted in an era dominated by IoT and connected technologies, electric vehicles have a pivotal role to play in the growth of electric motors market. The vast expanse that EVs have covered in the recent years is quite evident from the numerous developments underlining the global automotive space, and the fact that these robotized beauties have captured a major share of the vehicle business across numerous geographies. For instance, in 2014, the number of new registrations for EVs in UK exceeded 14,500, while the number nearly doubled in 2015, pegged at a value more than 28,000. In consequence, this has had a major impact on electric motors industry, given the significant role this electromechanical device plays during the conversion of electrical energy into mechanical energy. As per estimates, electric motors market size stood at USD 21 billion in 2016.

Top Key Players:-     

The key players of global Electric Motors Market are Nidec Corporation, ABB, WEG, Siemens, Toshiba, Robert Bosch, Allied Motion Technologies, Hyosung, Regal Beloit, Shandong, General Electric, and Bulher Motor Gmbh.

Regional Segmentations:-

Asia Pacific electric motors market is expected to hold 55% industry share by 2024. Increasing vehicle production across the region will enhance industry growth. Focus of auto industry to enhance fuel economy and reduce carbon emissions has resulted in employment of green automobiles in several countries. Additionally, regional regulatory landscape will further boost the industry. For instance, Indian government has mandated electrification of vehicles by 2030 which in turn has forced auto producers to manufacture them.

Rising product deployment in passenger and commercial vehicles will drive the North America industry over the study period. MEA will pose a CAGR of over 3% from 2017 to 2024. Increasing ATVs sales coupled with changing trend towards hybrid automobiles will aid in the industry growth.

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Major Points of Table Of Content:-

Chapter 1   Methodology & Scope

1.1   Methodology

1.1.1   Initial data exploration

1.1.2   Statistical model and forecast

1.1.3   Industry Insights and validation

1.1.4   Scope, definitions, & forecast parameters

1.2   Data Sources

1.2.1   Secondary

1.2.2   Primary

Chapter 2   Executive Summary

2.1   Electric motors industry 3600 synopsis, 2013 – 2024

2.1.1   Business trends

2.1.2   Product trends

2.1.3   End-use trends

2.1.4   Regional trends

Chapter 3   Electric Motors Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Component suppliers

3.3.2   Manufacturers

3.3.3   System integrators

3.3.4   Profit margin analysis

3.3.5   Distribution channel analysis

3.3.5.1   OEM

3.3.5.2   Aftermarket

3.3.5.3   Repair Services

3.4   Pricing analysis

3.4.1   By region

3.4.1.1   North America

3.4.1.2   Europe

3.4.1.3   LATAM

3.4.1.4   APAC

3.4.1.5   MEA

3.4.2   Pricing parameters

3.4.3   Profit margin points

3.4.4   Penetration pricing

3.4.5   Pricing insights

3.5   Cost structure analysis

3.5.1   Variable costs

3.5.2   Fixed costs

3.5.3   Comparison with peers

3.5.4   Key insights by industry experts

3.6   Technology landscape

3.6.1   Production methods

3.6.2   Key insights

3.6.2.1   Permanent magnetic motors

3.6.2.2   Switched reluctance motors

3.6.2.3   Piezoelectric motors

3.7   Regulatory landscape

3.7.1   U.S.

3.7.1.1   National Electrical Manufacturers Association (NEMA) motor efficiency standards

3.7.1.2   International electrotechnical commission (IEC)

3.7.2   EU

3.7.2.1   Minimum energy efficiency standard (MEPS)

3.7.2.2   Zero emission vehicles (ZEV)

3.7.3   China

3.7.3.1   China Energy Labels for motors

3.7.4   India

3.7.4.1   Super-efficient equipment & appliance deployment

3.7.5   Summary of key policy measures and attributes

3.8   Industry impact forces

3.8.1   Growth drivers

3.8.1.1   North America

3.8.1.1.1   Adaptation of electric motors in passenger cars and commercial vehicles.

3.8.1.1.2   Increasing penetration of electric motors in consumer goods

3.8.1.2   Europe

3.8.1.2.1   Rising adoption of electric vehicles

3.8.1.2.2   Favourable regulatory landscape

3.8.1.3   Asia Pacific

3.8.1.3.1   Electric motors demand in green vehicles

3.8.1.3.2   Increasing sales of hybrid vehicles

3.8.1.4   Latin America

3.8.1.4.1   High usage in varied applications

3.8.1.5   Middle East & Africa

3.8.1.5.1   Growth of electronics industry

3.8.2   Industry challenges and pitfalls

3.8.2.1   Operation and supply chain issues

3.8.2.2   Probability of product failure

3.9   Electric vehicle Production statistics

3.9.1   PHEV

3.9.2   EV

3.9.3   OEMs announcements on electric car ambitions

3.10    Innovation & sustainability

3.10.1   Key insights

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

3.14    Competitive landscape, 2016

3.14.1   Current & future competitors

3.14.2   Company market share

3.14.3   Strategy dashboard

3.14.3.1    Acquisition targets

3.14.3.2    Opportunities for patent monetization/licensing

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The prominence of these products in the EV business sphere is vividly coherent. As per statistics recorded by the U.S. Office of Energy Efficiency and Renewable Energy, electric motors are responsible for nearly 70% of the total power usage by manufacturers in the United States, and literally 25% of the national power usage. In this regard, the U.S. Department of Energy (DOE) has granted a funding of close to USD 25 million to the Marathon Motors division of the Regal Beloit Corporation, a well-acclaimed player in electric motors market. The intent of the benevolent gesture was apparently to enable the firm to develop high quality, high standard, and exceptionally innovative electric motors, in a bid to save energy and raise the overall competitive factor among electric motors industry players in the United States.

Automotive companies have been vying with one another to increase vehicle production, thereby providing a lucrative avenue for electric motors industry expansion from OEMs. Quoting an example, the renowned automotive giant, Volkswagen, apparently aims to sell more than 2 million electric car sales by 2025. Recently in 2017, Nidec acquired the electric motors and power generation business unit from Emerson Electric Co., with an intention to expand its product pipeline. In effect, the numerous efforts undertaken by OEMs to consolidate their presence in electric motors market is likely to help augment the product penetration across diversified geographies.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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