Electric Motors Market Revenue Strategy and Business Planning Research by (2021-2027) | Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporatio, Johnson Electric Holdings Limited

Report Ocean releases its latest report on the global Electric Motors Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Electric Motors Market.

Global Electric Motors Market was valued at USD 102.7 billion in 2020 and is expected to reach USD 178.1 Billion by 2027, growing at a CAGR of 6.9% during the forecast period (2021-2027).

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Growth drivers

Increase in demand for energy-efficient electric motors in the agricultural and industrial sectors

The upsurge in demand for electric motors as they are highly efficient, consume low energy, and have a longer operating life and have high endurance for fluctuating voltages in the agricultural, industrial sector, is boosting the market growth of electric motors at a significant rate in the forecast horizon.

Rise in awareness about electric and green vehicles among customers and Government Policies

The upsurge in the awareness about the benefits of using smart motors amid small and medium enterprise owners tends to augment the growth of the electric motor market. The government policies and initiatives are promoting high efficient energy in machines and equipment. Innovations and policy frameworks are playing a pivotal role in fueling the demand for products in the forecast horizon. Additionally, the use of electric motors minimizes the financial burden on governments and consumers by reducing the consumption of electricity.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Electric Motors Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Electric Motors Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Electric Motors Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Electric Motors Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Electric Motors Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Electric Motors Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Electric Motors Market provides insight into the factors influencing its growth. This market study breaks down the Electric Motors Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Electric Motors Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Electric Motors Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Electric Motors Market are:

Competitive Landscape

·         Ametek Incorporation

·         Siemens AG

·         Baldor Electric Incorporation

·         Allied Motion Technologies Inc.

·         ARC Systems Incorporation

·         Asmo Corporation Limited

·         Brook Crompton UK Limited

·         Franklin Electric Cooperative Incorporation

·         Rockwell Automation Incorporation

·         Johnson Electric Holdings Limited

·         Toshiba

·         FAULHABER GROUP

·         Danaher Motion

·         WEG

·         Other Prominent Players

Scope of the Report

The global Electric Motors Market segmentation focuses on:

By Type

·         AC Motors

·         DC Motors

·         Others

By Voltage

·         High voltage

·         Medium voltage

·         Low voltage

By Output Power

·         Integral horsepower (IHP)

·         Fractional horsepower (FHP)

By Application

·         Industrial machinery

·         Motor Vehicle

·         HVAC Equipment

·         Aerospace & transportation

·         Household appliances

·         Other Commercial Applications

By Speed:

·         Low Speed

·         Medium Speed

·         High Speed

·         Ultra-high Speed

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This release was published on openPR.