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Electric Motor And Generator Market Opportunities And Strategies 2023-2032 - Growth Analysis, Outlook, Overview

Electric Motor And Generator Market

Electric Motor And Generator Market

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The Business Research Company's latest "Global Electric Motor And Generator Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The global electric motor and generator market reached a value of nearly $126,164.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.1% since 2017. The market is expected to grow from $126,164.4 million in 2022 to $152,652.2 million in 2027 at a rate of 3.9%. The market is then expected to grow at a CAGR of 4.1% from 2027 and reach $186,650.2 million in 2032.

Major trends influencing the electric motor and generator market include:

High-Power Density Electric Motors

The development of high-power density electric motors to increase power output is emerging as a potential trend in the electric motor and generator market. High-power density refers to the ability of an electric motor to generate a higher power output in relation to its size and weight. High-power-density motors are high-torque, low-speed motors that are lightweight, have large amounts of torque, and have lower cogging torque. Companies operating in the electric motor and generator market are focusing on the development of high-power-density electric motors. For example, in January 2023, H3X Technologies, a US-based electric motor and electric propulsion systems manufacturer, released its high-density electric motor, HPDM-30. The HPDM-30 is a high-power density integrated motor drive with a 33-kW continuous power rating and 4.1 kg mass and features a 3D printed synergistic cooling jacket optimized for weight reduction through DfAM (Design for additive manufacturing), the art, science, and skill to design for manufacturability using 3D printers. The motor utilizes the company's core technology integrated with a new discrete SiC FET (silicon carbide field-effect transistor) inverter running a self-sensing rotor position algorithm. SiC FET is used as a power device due to its ability to achieve lower on-resistance, high switching speeds, and reduced switching losses.

Electric Motor And Generator Market Segmentation:

By Type -
The electric motor and generator market is segmented by type into:
a) Electric Motors
b) Electric Generators

By End User -
The electric motor and generator market is segmented by end user into:
a) Industrial
b) Commercial
c) Residential

By Application-
The electric motor and generator market is segmented by application into:
a) Industrial Machinery
b) Automobile (Motor Vehicle)
c) HVAC
d) Other Applications

Some of the key players involved in the Electric Motor And Generator market are Caterpillar Inc., Nidec Corporation, Siemens AG, ABB Ltd.

General Electric CompanyThe regions covered in the global Electric Motor And Generator market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure

19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Electric Motor And Generator Market, Conclusions And Recommendations
23. Appendix

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