(2022-2031) Electric Motors Market: Research Analysis, Application, Global Overview And Forecast To 2031

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The global electric motor market report by the business research company motor manufacturing companies are increasingly manufacturing IoT-enabled smart motors to be a major growth driver for the electric motor market. These motors are equipped with sensors that monitor and track the motor's health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behavior and sends an alert upon detecting any deviation from normal behavior. Smart motors offer several benefits such as increased lifespan of equipment and improved safety.

The global electric motors market grew from $91.86 billion in 2021 to $93.08 billion in 2022 at a compound annual growth rate (CAGR) of 1.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The electric motor market is expected to grow to $93.94 billion in 2026 at a CAGR of 0.2%.

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Asia Pacific was the largest region in the electric motor manufacturing market in 2021. Western Europe was the second-largest region in the electric motor manufacturing market. The regions covered in the electric motor manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the electric motor market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., and Baldor Electric Company, Inc

The global electric motor market is segmented -
1) By Type: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor
2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP)
3) By Voltage Range: 9v & Below, 10-20 v, 21-60 v, 60 v And Above
4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications
5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)

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The Electric motor market Report Contents Include
1. Executive Summary
2. Electric Motors Market Characteristics
3. Electric Motors Market Trends And Strategies
4. Electric Motors Market - Macro Economic Scenario
5. Electric Motors Market Size And Growth
.......
26. Africa Electric Motors Market
27. Electric Motors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Motors Market
29. Electric Motors Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the electric motor market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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