Global Electric Motor Market: Emerging Trends, Major Key Players ABB Group and ARC Systems Inc

According to the report, The global Electric Motor market size in 2020 is $116.35 Billion and is expected to reach $209.30 Billion by 2028 growing at the CAGR of 7.40% from 2021 to 2028. The Electric Motor Market is expected to grow over the forecast period, on account of the increasing demand for electric vehicles, which in turn will boost the sales of electric motors for use in several applications such as passenger cars, commercial vehicles, two-wheelers, and three-wheelers. Manufacturers are likely to incorporate electric motors into a wide range of applications to improve performance, cost-effectiveness, and cancompliance with regulations

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ELECTRIC MOTOR industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Electric Motor market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Electric Motor players holding highest market share include ABB Group, ARC Systems Inc, Asmo Co Ltd and Brook Crompton UK Ltd. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• ABB Group
• ARC Systems Inc
• Asmo Co Ltd
• Brook Crompton UK Ltd
• Dr. Fritz Faulhaber
• Emerson Electric
• Maxon Motors
• Regal Beloit Corporation
• Rockwell Automation Inc
• Siemens

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of ELECTRIC MOTOR Market:
o AC Motor
o DC Motor
o Hermetic Motor

Market Segment By Output Power with focus on market share, consumption trend, and growth rate of ELECTRIC MOTOR Market:
o IHP
o FHP

Market Segment By Voltage Range with a focus on market share, consumption trend, and growth rate of ELECTRIC MOTOR Market:
o 9 V & below
o 10-20 V
o 21-60V
o 60 V & Above

Market Segment By Application with a focus on market share, consumption trend, and growth rate of ELECTRIC MOTOR Market:
o Industrial Machinery
o Motor Vehicle
o HVAC Equipment
o Aerospace & Transportation
o Household Appliances

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Global Electric Motor Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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