Press release
Electric Motor Market Is Expected to Reach $181.89 billion by 2028 | Top Key Competitors:Siemens,ABB,Hitachi,AMETEK,Mitsubishi Heavy Industries,Johnson Electric,Regal Beloit Corporation,GE,DENSO
Electric Motor Market
Market Overview:
The recently released Fortune Business Insights™ research on the Electric Motor Market survey report provides facts and statistics regarding market structure and size. Global Electric Motor Market Industry, 2023-2028 Research report presents an in-depth analysis of the Electric Motor Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth Opportunities.
Global electric motor market to grow at a CAGR of 7.0% and reach USD 181.89 billion during forecast period of 2021-2028. The market was valued USD 106.45 billion in 2020.
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Key Industry Developments:
December 2020 - Tata Motors Ltd delivered 26 electric buses to Brihanmumbai Electric Supply and Transport (BEST), which runs a fleet of buses for the commuters in Mumbai, India. The buses were delivered as a part of a huge order consisting of 340 electric buses under the government's FAME II initiative.
Major Key Companies Electric Motor Market Covered in The Globally Market:
Siemens
ABB
Hitachi
AMETEK
Mitsubishi Heavy Industries
Johnson Electric
Regal Beloit Corporation
GE
DENSO
Rockwell Automation
Toshiba Corporation
Arc Systems, Inc.
WEG
TECO-Westinghouse Motor Company
Nidec Motor Corporation
Competitive Scenario-
Competitive analysis in the Electric Motor Market involves evaluating the strengths and weaknesses of current and potential competitors in the market. This can help companies identify opportunities for growth and potential threats to their business. This analysis can help companies identify their competitors, understand the competitive environment and identify opportunities and threats. Additionally, it can also help companies to develop strategies to improve their competitiveness in the market.
Growth Factor:
Rising Government Programs to Achieve Emission-free Vehicles Will Boost Growth
The demand for electric vehicles has abruptly increased since the past few years because of the rising government awareness programs to attain emission-free vehicles. Therefore, several industry giants are investing huge sums in expanding the automobile sector and developing their industries. It would rapidly increase the demand for electric vehicles, which, in turn, would further augment the electric motor market growth during the forecast period. Additionally, the companies are investing persistently in the automotive industry that would propel growth.
Market Segmentation:
By Motor Type:
AC Motors
DC Motors
Hermetic Motors
By Power Output:
Fractional Horsepower (Up to 1HP)
Integral Horsepower (Above 1HP)
By Voltage:
Up to 1 kV
1 kV-6.6 kV
Above 6.6 kV
By Application:
Industrial Machinery
Motor Vehicles
HVAC Equipment
Electrical Appliances
Others
By End-User:
Industrial
Commercial
Residential
Agriculture
Transportation
Regional Analysis and Countries Level Analysis:
North America (U.S. And Canada)
Europe (U.K., Germany, France, Italy, And Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, And Rest of Asia Pacific)
Middle East & Africa (South Africa, Gcc and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, And Rest of Latin America)
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What are the report's objectives?
Electric Motor market report shows the estimated market size for the Market Industry at the end of the forecast period.
The research also looks at historical and current market sizes.
Based on a range of variables, the charts depict year-over-year growth (percent) and compound annual growth rate (CAGR) over the specified anticipated time.
The study includes a market overview, geographical scope, segmentation, and financial performance of the major competitors.
For the forecast period, the study examines the growth rate, market size, and market valuation.
Report & Research:
We utilize data from the demand & supply side and paid databases. All the sources and methodology adopted for gathering data and information are mentioned in our reports.
we provide customization of reports based on your requirements. It will be charged based on the scope of customization. In addition.
we provide data for a particular country and region in our reports as well as customized formats. In our reports, we cover major countries and regions. However, if there is a requirement for a specific region, we would be happy to offer the data.
we provide market share information and insights considering the scope. This service is provided as a part of customization requirements.
we provide particular chapters of the report.
Table of Content:
Key Points from TOC:
Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
Executive Summary
Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
Key Insights
4.1 Global Statistics - Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario - Key Countries
4.5 Recent Industry Developments - Partnerships, Mergers & Acquisitions
Global Electric Motor Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis - By Product Type
5.3. Market Analysis - By Distribution Channel
5.4. Market Analysis - By Countries/Sub-regions
……………
Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis - Major Players
Company Profiles
12.1 Overview
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
Strategic Recommendations
TOC Continued……………
If You Want More Insights Into The Electric Motor Market, Buy Now This Exclusive Report: https://www.fortunebusinessinsights.com/checkout-page/100752
About Us:
Fortune Business Insights™ Delivers Accurate Data And Innovative Corporate Analysis, Helping Organizations Of All Sizes Make Appropriate Decisions. We Tailor Novel Solutions For Our Clients, Assisting Them To Address Various Challenges Distinct To Their Businesses. Our Aim Is To Empower Them With Holistic Market Intelligence, Providing A Granular Overview Of The Market They Are Operating In.
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Email: Sales@Fortunebusinessinsights.Com
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