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Electric Motor And Generator Market Opportunities 2024-2033 - Size, Growth Analysis, Outlook, Overview
Electric Motor And Generator Market
As per the report, the electric motor and generator market size has grown steadily in recent years. It will grow from $132.9 billion in 2023 to $138.72 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The electric motor and generator market size is expected to see steady growth in the next few years. It will grow to $161.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%.
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Demand For Household Appliances With Other Factors In The Electric Motor And Generator Market
Increasing use of household appliances is expected to contribute to the growth of the motor and generator manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization, along with several other factors, are boosting the demand for household appliances, which in turn will drive the market for motors. For instance, the global household appliance manufacturing market is expected to reach $396.8 billion in 2022 at a CAGR of 8.7%. The growing demand for household appliances that function with a motor will thereby drive the market for motors and generators in the forecast period.
Rising Demand For Portable Generators In The Electric Motor And Generator Market
Generator manufacturing companies are increasingly manufacturing portable generators. A portable generator provides electricity by running a gas-powered or diesel-powered engine that turns an onboard alternator to generate electrical power. Rising demand for uninterrupted and reliable power supply is increasing the demand for portable generators as they offer advantages such as flexibility and ease of use.
The electric motor and generator market covered in this report is segmented -
1) By Type: Electric Motors, Electric Generators
2) By Application: Industrial Machinery, Automobile (Motor Vehicle), HVAC (Heating, Ventilation, And Air Conditioning), Other Applications
3) By End User: Industrial, Residential, Commercial
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Major companies operating in the electric motor and generator market report are Caterpillar Inc, Nidec Corporation, Siemens AG, ABB Ltd, General Electric Company, Robert Bosch Gmbh, Hitachi Ltd, WEG, Generac Holdings Inc, Kohler Co, The Kirloskar group, Mitsubishi Electric Corporation, TECO Electric & Machinery Co., Ltd, Toshiba, Schneider Electric, Leroy-Somer Electric Motors & Generators, SEW-EURODRIVE GmbH & Co KG, WHITE GUARDS TRADING HOUSE CJSC, MAN Energy Solutions, Aksa, Rosenergoatom, Margex, Agar-Power Agregaty Pr?dotwórcze, Agregaty Mielec, Amin Power Energy, Dayer, Inc, Cummins, HiPower Systems, Taylor Power Systems Inc, Multiquip, Wacker Neuson, Atlas Copco, Industrias Jezi, CGE Group, EME Electric Motors, Motores Diesel Andinos S.A., Saudi Transformers Company Ltd., Saudi Arabian Electric Motors Manufacturing Company (SAEMMC), ACTOM (Pty) Ltd., Aveng Trident Steel, Powertech Africa, MarelliMotori SA
Contents of the report:
1. Executive Summary
2. Electric Motor And Generator Market Report Structure
3. Electric Motor And Generator Market Trends And Strategies
4. Electric Motor And Generator Market - Macro Economic Scenario
5. Electric Motor And Generator Market Size And Growth
…..
27. Electric Motor And Generator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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