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Electric Motors Market Trends Shaping the USD 289.18 Billion by 2032,CAGR 7.30 % as Predicted by PMR

05-10-2024 07:21 AM CET | Energy & Environment

Press release from: Polaris Market Research & Consulting

Electric Motors Market

Electric Motors Market

๐–๐ข๐ญ๐ก ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ 7.30%, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐ฆ๐จ๐ญ๐จ๐ซ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐š ๐ฏ๐š๐ฅ๐ฎ๐ž ๐จ๐Ÿ ๐จ๐ฏ๐ž๐ซ ๐”๐’๐ƒ 289.18 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ 2032 ๐Ÿ๐ซ๐จ๐ฆ ๐š๐ง ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐”๐’๐ƒ 154.42 ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2023.

An electronic motor is a gadget utilized to transform electricity into mechanical energy, unlike an electric generator. They function utilizing the concepts of electromagnetism, which portrays that potency is applied when an electric current exists in a magnetic field. This potency generates a torque on a spiral of wire prevalent in the magnetic field, which causes the motor to rotate and carry out practical work. Motors are utilized in a broad gamut of applications, such as power tools, fans, hybrid cars, electric vehicles, and appliances.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/electric-motors-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ :
โ€ข The escalating trend in automobile manufacturing, linked with an escalating demand for electric vehicles, is shaping the market ahead. As automotive manufacturers concentrate on producing eco-friendly vehicles, the demand for electric motors, some important constituents of EVs, is observing notable growth.

โ€ข The demand for electric motors is at its zenith in the automotive industry, propelled by enhancements in motor security, improved functional productivity, and progressive insulation techniques. The market is acquiring notable haulage.

Business Strategies Adopted by Leading Players
The market is excessively aggressive, with all players contesting to acquire optimum market share. The list of key companies profiled are:
โ€ข ABB Ltd.
โ€ข Allied Motion Technologies, Inc.
โ€ข Ametek, Inc.
โ€ข Baldor Electric Co.
โ€ข Bosch Group
โ€ข Denso Corporation
โ€ข Emerson Electric Co.
โ€ข General Electric Company
โ€ข Hitachi, Ltd.
โ€ข Regal Beloit Corporation
โ€ข Rockwell Automation, Inc.
โ€ข Siemens AG

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/54/2

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ :
โ€ข The AC Motors segment accounted for the largest revenue share in the electric motors market. A significant portion can be attributed to the extensive applications of AC motors, ranging from irrigation pumps to advanced robots. Additionally, their compact design, affordability, and lightweight nature make them widely utilized in HVAC equipment.

โ€ข The Fractional HP segment accounted for the highest market share during the forecast period. The widespread prevalence of electric motors can be credited to their versatile applications in a wide range of household appliances, including vacuum cleaners, refrigerators, and coffee machines. Furthermore, they prove valuable in industrial machinery, demonstrating their suitability for resilient performance in demanding industrial environments.

โ€ข In 2022, North America dominated the largest market due to the high prevalence of cardiovascular diseases, including coronary artery disease, which drives the demand for coronary stents. Additionally, the region has a well-established healthcare infrastructure and advanced medical technologies, allowing for the widespread adoption and utilization of coronary stents.

โ€ข The Asia-Pacific region accounted for the fastest growth in the Coronary Stent Market due to local vendors' active development of technologically advanced and competitively priced coronary stents. It focuses on addressing the market's needs that have contributed to increased market share. The availability of high-quality and affordable stents from local vendors has been a key driver of growth in the region.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐“๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/electric-motors-market

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž :
The regions covered in the report are Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Also, according to a study, in 2022, Asia Pacific held the largest electric motors market share. This can be attributed to the region encountering continual augmentation covering several sectors such as fertilizer, automotive, chemical and petrochemical industries. Moreover, Europe is accounted to have the speediest growth due to excessive impact on renewable power and determined green energy objectives.
โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง :
โ€ข ๐๐ฒ ๐“๐ฒ๐ฉ๐ž
o AC Motor
o DC Motor
o Hermetic Motor

โ€ข ๐๐ฒ ๐Ž๐ฎ๐ญ๐ฉ๐ฎ๐ญ ๐๐จ๐ฐ๐ž๐ซ
o Fractional HP Output
o Integral HP Output

โ€ข ๐๐ฒ ๐•๐จ๐ฅ๐ญ๐š๐ ๐ž
o 9 V & Below
o 10-20 V
o 21-60 V
o 60 V & above

โ€ข ๐๐ฒ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ
o Automotive
o Agriculture
o Residential
o Commercial
o Industrial
o Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
๐‘จ๐’Š๐’“ ๐‘ช๐’๐’Ž๐’‘๐’“๐’†๐’”๐’”๐’๐’“ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/air-compressor-market
๐‘บ๐’๐’๐’‚๐’“ ๐‘ป๐’“๐’‚๐’„๐’Œ๐’†๐’“ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/global-solar-tracker-market
๐‘ฌ๐’๐’†๐’„๐’•๐’“๐’Š๐’„ ๐‘ป๐’“๐’‚๐’„๐’•๐’Š๐’๐’ ๐‘ด๐’๐’•๐’๐’“ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/electric-traction-motor-market
๐‘บ๐’Ž๐’‚๐’๐’ ๐‘ด๐’๐’…๐’–๐’๐’‚๐’“ ๐‘น๐’†๐’‚๐’„๐’•๐’๐’“ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• : https://www.polarismarketresearch.com/industry-analysis/small-modular-reactor-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ :

Likhil G
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New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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