Electric Motor Market | COVID19 Analysis, Size and Share with Top Companies by 2025

According to a new report published by Allied Market Research, titled, "Electric Motor Market by Motor Type, Output Power, Voltage Range, Application, and Speed: Global Opportunity Analysis and Industry Forecast, 2018-2025".

The global electric motor market size was valued at $96,967.9 million in 2017, and is projected to reach $136,496.1 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. In 2017, North America dominated the global market, in terms of revenue, accounting for about 34.3% share of the global market, followed by Asia-Pacific.

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North America to dominate throughout the forecast period

Based on geography, North America accounted for more than one-third of the total share in 2018 and is expected to maintain its lead position during the forecast period. however, the Asia-Pacific region is expected to register the highest CAGR of 5.4% during the study period.

The AC motor segment to maintain its dominant position by 2025

Based on motor type, the AC motor segment accounted for the highest market share, contributing more than two-thirds of the total share. This segment is expected to maintain its dominant position by 2025. A surge in the adoption of AC motors due to availability in all sizes and low cost of permanent magnets are factors that drive the market growth.

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The AC motor segment secured the highest share in the global electric motors market in 2017 and is expected to grow at a CAGR of 4.5% during the forecast period. In terms of application, motor vehicles are expected to account for the highest market share in the coming years.

Key Findings Of The Study
o In 2017, the AC motor segment dominated the global electric motor market in terms of revenue, and is projected to grow at a CAGR of 4.5% during the forecast period.
o The FHP output segment is expected to be the largest customers for the electric motor market players globally.
o North America is projected as one of the most dominant regions in the electric motor market and is expected to witness a high growth rate of around 3.8% during the forecast period.

Key market players

Leading market players discussed in the research include Siemens AG, Johnson Electric Holdings Limited, Baldor Electric Incorporation, Ametek Incorporation, Allied Motion Technologies Inc., Franklin Electric Cooperative Incorporation, Asmo Corporation Limited, ARC Systems Incorporation, Brook Crompton UK Limited, and Rockwell Automation Incorporation.

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