Global Motor Market 2021: Industry Trends, Size, Consumption by Regional Data, Product & Application Segmentation, Key Companies a Showing Impressive Growth by 2027

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Motor market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, financial summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

The global Motor market size is projected to reach US$ 208490 million by 2027, from US$ 131340 million in 2020, at a CAGR of 6.9% during 2021-2027. 

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Top Companies in the Global Motor Market: ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVA-tec, Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor

Market Overview:

ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVa-TEC, etc., are the major manufacturers of electric motor products in the world, among which Nidec is the leader in the global electric motor market, and its revenue in 2019 accounts for about 6% of the total market revenue.
In domestic motor market, leading domestic manufacturers including Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor, etc., these 5 companies to occupy the market share of about 7%.

Market Segmentation by Types:

Industrial and Control Motors

Micro Motor

Market Segmentation by Applications:

Industrial Machinery

Automobile

HVAC

Aviation and Transportation

Home Appliance

Others

The study objectives of this report are:

-An overview of the global market for Global Motor Market and related technologies.
-Analyses of global market trends, with data from 2020, and projections of compound annual growth rates (CAGRs) through 2027.
-Identifications of new market opportunities and targeted promotional plans for Global Motor Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Motor Market:

For extensive understanding of market dynamics, the global Motor market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Motor Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Motor Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client’s specific requirements. No additional charges will be added for limited additional research

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.