Electric Motor Market Size, share and growth with top key players like ABB Group, ARC Systems Inc., ASMO Co., Ltd., Brook Crompton UK Ltd., Dr. Fritz Faulhaber GmbH, Emerson Electric, Maxon Motor AG, Regal Beloit Corporation, Rockwell Automation Inc., and

The government of various countries offer financial incentives to consumers for purchasing plug-in electric and green vehicles to promote the use of energy-efficient vehicles and low carbon emission vehicles. In January 2013, the Indian Government provided subsidies upto $2,209.6 for plug-in cars and $736.5 for two wheelers. Therefore, the sale of electric vehicles in India is expected to reach 7 million by 2020. The Japanese Government passed the Green Vehicle Promotion Measure program to establish tax deductions and exemptions for using eco-friendly, fuel-efficient vehicles in the region. Moreover, European countries, such as Austria, have exempted plug-in vehicles from fuel consumption tax. In addition, the French government offer incentives for electric cars owners of up to $6,300 depending on the emission levels of the car since Nov 2013.

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According to a new report by Allied Market Research, titled, Electric Motor Market, by Motor Type, Output Power, Voltage Range, Applications, Speed (RPM) and Geography: Global Opportunity and Forecast, 2014-2022, the electric motor market was valued at $ 91,401 million in 2015 and is projected to reach $117,288 million by 2022, growing at a CAGR of 3.7% from 2016 to 2022. Further, in terms of units, the electric motor industry is projected to reach 853 million units by the end of 2022, at a CAGR of 4.2%.

The electric motor market is currently in its mature stage; however, it is expected to grow at a considerable rate in the years to come. Electric motors are incorporated in industrial fans; compressors; pumps; lathe machines; machine tools; domestic appliances; heating, ventilating, and air conditioning applications; disk drives; power tools; electric cars; and automated robots.

The increase in need for energy-efficient motors; rise in demand for electric motors especially in agriculture and industrial sectors; increase in awareness about electric and green vehicles among customers; and government funding for developing efficient electric motors are some of the key factors projected to drive the growth in global electric motor market size during the forecast period.

By type, the AC motor segment dominated the market in 2014 with around 70% market revenue share. Furthermore, the segment is projected to continue its dominance throughout the forecast period, owing to the increase in adoption of AC motors in industrial applications.

By output power, in terms of value, the fractional horsepower (FHP) output segment, dominated the market in 2014 and is projected to continue its dominance by 2022 with around 90% value share. However, in terms of unit share, the integral horsepower segment dominated the electric motor market in 2014 with around 78%-unit share.

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By voltage, the 60V & above segment generated the highest revenue, which accounted for around 63% share in 2014. Rapid urbanization, industrialization, and process automation are some of the key factors that accelerated the segment growth.

By application, in terms of revenue, the motor vehicle segment is projected to expand at the highest CAGR of around 4.2% owing to the increase in adoption of electric vehicles across the globe.

By speed, the low speed electric motor (less than 1,000 RPM) segment generated the highest revenue followed by the medium speed electric motor (1,001 RPM-25,000 RPM) segment with around 59% and 21%, respectively in 2014.

Based on the geography, the electric motor market is segmented into four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. In terms of value, North America was the highest revenue contributor in 2014, accounting for around 35% share of the overall electric motor market size. The Asia-Pacific electric motor market is projected to grow at the highest CAGR of 4.2% during the forecast period owing to increased penetration of electric motors in industrial machineries, household appliances, and HVAC equipment.

The report features a competitive scenario of the electric motor market and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key players operating in the electric motor market include ABB Group, ARC Systems Inc., ASMO Co., Ltd., Brook Crompton UK Ltd., Dr. Fritz Faulhaber GmbH, Emerson Electric, Maxon Motor AG, Regal Beloit Corporation, Rockwell Automation Inc., and Siemens AG.

Key Findings of the Electric Motor Market:

• By motor type, the AC motor segment dominated the global electric motor market in terms of both value and volume share.
• By output power, in terms of units, the integral horsepower (IHP) output segment dominated the electric motor market in 2014.
• By application, in terms of revenue, the motor vehicle segment is projected to grow at the highest CAGR during the forecast period.
• By voltage, in terms of revenue contribution, the 60V & above segment of electric motor market dominated the market in 2014.
• By speed, in terms of revenue, the ultra-high speed electric motor (greater than 75001 RPM) segment is projected grow at the highest CAGR, in terms of value.

LIST OF TABLES

TABLE 1. GLOBAL ELECTRIC MOTOR MARKET REVENUE, BY MOTOR TYPE, 2014-2022 ($MILLION)
TABLE 2. GLOBAL ELECTRIC MOTOR MARKET SIZE, BY MOTOR TYPE, 2014-2022 (MILLION UNITS)
TABLE 3. GLOBAL AC ELECTRIC MOTOR MARKET REVENUE, BY SUBTYPE, 2014-2022 ($MILLION)
TABLE 4. GLOBAL AC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 5. AC ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. AC ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 7. GLOBAL DC ELECTRIC MOTOR MARKET REVENUE, BY SUBTYPE, 2014-2022 ($MILLION)
TABLE 8. GLOBAL DC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 9. DC ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. DC ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 11. HERMETIC ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. HERMETIC ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 13. GLOBAL ELECTRIC MOTOR MARKET REVENUE, BY OUTPUT POWER TYPE, 2014-2022 ($MILLION)
TABLE 14. GLOBAL ELECTRIC MOTOR MARKET SIZE, BY OUTPUT POWER TYPE, 2014-2022 (MILLION UNITS)
TABLE 15. INTEGRAL HORSEPOWER MOTOR SUPPLIERS ACROSS THE GLOBE
TABLE 16. INTEGRAL HORSEPOWER (IHP) OUTPUT ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 17. INTEGRAL HORSEPOWER (IHP) OUTPUT ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 18. FRACTIONAL HORSEPOWER MOTORS SUPPLIERS ACROSS THE GLOBE
TABLE 19. FRACTIONAL HORSEPOWER (FHP) OUTPUT ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 20. FRACTIONAL HORSEPOWER (FHP) OUTPUT ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 21. GLOBAL ELECTRIC MOTOR MARKET REVENUE, BY VOLTAGE RANGE, 2014-2022 ($MILLION)
TABLE 22. GLOBAL ELECTRIC MOTOR MARKET SIZE, BY VOLTAGE RANGE, 2014-2022 (MILLION UNITS)
TABLE 23. GLOBAL ELECTRIC MOTOR MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 24. GLOBAL ELECTRIC MOTOR MARKET SIZE, BY APPLICATION, 2014-2022 (MILLION UNITS)
TABLE 25. GLOBAL ELECTRIC MOTOR MARKET REVENUE, BY SPEED (RPM), 2014-2022 ($MILLION)
TABLE 26. GLOBAL ELECTRIC MOTOR MARKET SIZE, BY SPEED (RPM), 2014-2022 (MILLION UNITS)
TABLE 27. ELECTRIC MOTOR MARKET REVENUE, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 28. ELECTRIC MOTOR MARKET SIZE, BY GEOGRAPHY, 2014-2022 (MILLION UNITS)
TABLE 29. NORTH AMERICA ELECTRIC MOTOR MARKET REVENUE, BY MOTOR TYPE, 2014-2022 ($MILLION)
TABLE 30. NORTH AMERICA ELECTRIC MOTOR MARKET REVENUE, BY OUTPUT POWER, 2014-2022 ($MILLION)
TABLE 31. NORTH AMERICA ELECTRIC MOTOR MARKET REVENUE, BY VOLTAGE RANGE, 2014-2022 ($MILLION)
TABLE 32. NORTH AMERICA ELECTRIC MOTOR MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 33. NORTH AMERICA ELECTRIC MOTOR MARKET REVENUE, BY SPEED, 2014-2022 ($MILLION)
TABLE 34. NORTH AMERICA ELECTRIC MOTOR MARKET SIZE, BY MOTOR TYPE, 2014-2022 (MILLION UNITS)
TABLE 35. NORTH AMERICA DC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 36. NORTH AMERICA ELECTRIC MOTOR MARKET SIZE, BY OUTPUT POWER, 2014-2022 (MILLION UNITS)
TABLE 37. NORTH AMERICA ELECTRIC MOTOR MARKET SIZE, BY VOLTAGE RANGE, 2014-2022 (MILLION UNITS)
TABLE 38. NORTH AMERICA ELECTRIC MOTOR MARKET SIZE, BY APPLICATION, 2014-2022 (MILLION UNITS)
TABLE 39. NORTH AMERICA ELECTRIC MOTOR MARKET SIZE, BY SPEED, 2014-2022 (MILLION UNITS)
TABLE 40. EUROPE ELECTRIC MOTOR MARKET REVENUE, BY MOTOR TYPE, 2014-2022 ($MILLION)
TABLE 41. EUROPE ELECTRIC MOTOR MARKET REVENUE, BY OUTPUT POWER, 2014-2022 ($MILLION)
TABLE 42. EUROPE ELECTRIC MOTOR MARKET REVENUE, BY VOLTAGE RANGE, 2014-2022 ($MILLION)
TABLE 43. EUROPE ELECTRIC MOTOR MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 44. EUROPE ELECTRIC MOTOR MARKET REVENUE, BY SPEED, 2014-2022 ($MILLION)
TABLE 45. EUROPE ELECTRIC MOTOR MARKET SIZE, BY MOTOR TYPE, 2014-2022 (MILLION UNITS)
TABLE 46. EUROPE DC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 47. EUROPE ELECTRIC MOTOR MARKET SIZE, BY OUTPUT POWER, 2014-2022 (MILLION UNITS)
TABLE 48. EUROPE ELECTRIC MOTOR MARKET SIZE, BY VOLTAGE RANGE, 2014-2022 (MILLION UNITS)
TABLE 49. EUROPE ELECTRIC MOTOR MARKET SIZE, BY APPLICATION, 2014-2022 (MILLION UNITS)
TABLE 50. EUROPE ELECTRIC MOTOR MARKET SIZE, BY SPEED, 2014-2022 (MILLION UNITS)
TABLE 51. ASIA-PACIFIC ELECTRIC MOTOR MARKET REVENUE, BY MOTOR TYPE, 2014-2022 ($MILLION)
TABLE 52. ASIA-PACIFIC ELECTRIC MOTOR MARKET REVENUE, BY OUTPUT POWER, 2014-2022 ($MILLION)
TABLE 53. ASIA-PACIFIC ELECTRIC MOTOR MARKET REVENUE, BY VOLTAGE RANGE, 2014-2022 ($MILLION)
TABLE 54. ASIA-PACIFIC ELECTRIC MOTOR MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 55. ASIA-PACIFIC ELECTRIC MOTOR MARKET REVENUE, BY SPEED, 2014-2022 ($MILLION)
TABLE 56. ASIA-PACIFIC ELECTRIC MOTOR MARKET SIZE, BY MOTOR TYPE, 2014-2022 (MILLION UNITS)
TABLE 57. ASIA-PACIFIC DC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 58. ASIA-PACIFIC ELECTRIC MOTOR MARKET SIZE, BY OUTPUT POWER, 2014-2022 (MILLION UNITS)
TABLE 59. ASIA-PACIFIC ELECTRIC MOTOR MARKET SIZE, BY VOLTAGE RANGE, 2014-2022 (MILLION UNITS)
TABLE 60. ASIA-PACIFIC ELECTRIC MOTOR MARKET SIZE, BY APPLICATION, 2014-2022 (MILLION UNITS)
TABLE 61. ASIA-PACIFIC ELECTRIC MOTOR MARKET SIZE, BY SPEED, 2014-2022 (MILLION UNITS)
TABLE 62. LAMEA ELECTRIC MOTOR MARKET REVENUE, BY MOTOR TYPE, 2014-2022 ($MILLION)
TABLE 63. LAMEA ELECTRIC MOTOR MARKET REVENUE, BY OUTPUT POWER, 2014-2022 ($MILLION)
TABLE 64. LAMEA ELECTRIC MOTOR MARKET REVENUE, BY VOLTAGE RANGE, 2014-2022 ($MILLION)
TABLE 65. LAMEA ELECTRIC MOTOR MARKET REVENUE, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 66. LAMEA ELECTRIC MOTOR MARKET REVENUE, BY SPEED, 2014-2022 ($MILLION)
TABLE 67. LAMEA ELECTRIC MOTOR MARKET SIZE, BY MOTOR TYPE, 2014-2022 (MILLION UNITS)
TABLE 68. LAMEA DC ELECTRIC MOTOR MARKET SIZE, BY SUBTYPE, 2014-2022 (MILLION UNITS)
TABLE 69. LAMEA ELECTRIC MOTOR MARKET SIZE, BY OUTPUT POWER, 2014-2022 (MILLION UNITS)
TABLE 70. LAMEA ELECTRIC MOTOR MARKET SIZE, BY VOLTAGE RANGE, 2014-2022 (MILLION UNITS)
TABLE 71. LAMEA ELECTRIC MOTOR MARKET SIZE, BY APPLICATION, 2014-2022 (MILLION UNITS)
TABLE 72. LAMEA ELECTRIC MOTOR MARKET SIZE, BY SPEED, 2014-2022 (MILLION UNITS)
TABLE 73. COMPANY SNAPSHOT: ABB GROUP
TABLE 74. COMPANY SNAPSHOT: ARC SYSTEMS, INC.
TABLE 75. COMPANY SNAPSHOT: ASMO CO., LTD.
TABLE 76. COMPANY SNAPSHOT: BROOK CROMPTON UK LTD.
TABLE 77. COMPANY SNAPSHOT: DR. FRITZ FAULHABER GMBH
TABLE 78. COMPANY SNAPSHOT: EMERSON ELECTRIC
TABLE 79. COMPANY SNAPSHOT: MAXON MOTORS AG
TABLE 80. COMPANY SNAPSHOT: REGAL BELOIT
TABLE 81. COMPANY SNAPSHOT: ROCKWELL AUTOMATION, INC.
TABLE 82. COMPANY SNAPSHOT: SIEMENS AG

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