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Consumer Electronics Electric Motor Market Registering a CAGR of 6.5% and is Projected to reach $23,479.2 million by 2032

02-06-2025 01:27 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Consumer Electronics Electric Motor Market Registering a CAGR

๐—–๐—ผ๐—ป๐˜€๐˜‚๐—บ๐—ฒ๐—ฟ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ผ๐—ป๐—ถ๐—ฐ๐˜€ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐— ๐—ผ๐˜๐—ผ๐—ฟ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜: ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€, ๐—ฎ๐—ป๐—ฑ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ฃ๐—ฟ๐—ผ๐˜€๐—ฝ๐—ฒ๐—ฐ๐˜๐˜€

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„

According to a new report published by Allied Market Research, the global consumer electronics electric motor market was valued at $12.5 billion in 2022 and is projected to reach $23.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2032. The increasing adoption of compact and portable consumer electronic devices such as smartphones, telephones, and wearable technology has been a major driver of market expansion. Additionally, the rising awareness of electric and green vehicles has contributed to the growth of this sector.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž@ https://www.alliedmarketresearch.com/request-sample/A53540

๐—จ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—–๐—ผ๐—ป๐˜€๐˜‚๐—บ๐—ฒ๐—ฟ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ผ๐—ป๐—ถ๐—ฐ๐˜€ ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐— ๐—ผ๐˜๐—ผ๐—ฟ๐˜€

Electric motors for consumer electronics are specialized electrical devices that convert electrical energy into mechanical motion, enabling the operation of various appliances and gadgets. These motors are engineered to meet specific requirements and performance criteria, ensuring efficient functionality, reliability, and seamless integration with consumer electronic devices.

๐—ž๐—ฒ๐˜† ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€

The increasing demand for consumer electronics electric motors is driven by several factors, including:

Rising Adoption of Household Appliances: The surge in demand for home appliances like refrigerators, washing machines, and kitchen gadgets has fueled the market growth. These devices rely on electric motors for automation and enhanced efficiency.

Expansion of Smart and Connected Devices: The growing popularity of IoT-based appliances and wearable technology has amplified the need for electric motors in automation and connectivity features.

Increase in Consumer Electronics Production: The rising demand for smartphones, laptops, smart home appliances, and other electronic devices has led to higher production volumes, consequently increasing the demand for electric motors.

Technological Advancements and Innovations: Manufacturers are continuously developing new technologies and enhancing existing products to remain competitive in the market. The integration of multi-technology electric motors has improved automation and energy efficiency in consumer electronics.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—–๐—ต๐—ฎ๐—น๐—น๐—ฒ๐—ป๐—ด๐—ฒ๐˜€

Despite its growth, the consumer electronics electric motor market faces certain challenges:

Complexity and Cost of Electronic Controllers: Electric motors often require electronic switching controllers to alter voltage in sync with motor rotation. These controllers add to the overall cost and complexity of motor solutions.

Overheating and Maintenance Issues: Electric motor failures due to overheating and increasing maintenance costs for DC motors pose a challenge for manufacturers and consumers alike.

๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ @ https://www.alliedmarketresearch.com/purchase-enquiry/A53540

Regulatory Compliance: Governments worldwide have implemented stringent energy efficiency standards for household appliances, compelling manufacturers to invest in more efficient motor technologies.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐—ถ๐—ฒ๐˜€

The consumer electronics electric motor market is witnessing several key trends that present lucrative opportunities:

Growth in Urbanization and Changing Lifestyles: Rapid urbanization, the rise in nuclear families, and improvements in living standards have led to an increased demand for consumer electronics, thereby boosting the market for electric motors.

Advancements in Smart Home Devices: The growing adoption of motorized locks, smart blinds, and automated thermostats, all of which rely on electric motors, is driving market expansion.

Development of High-Efficiency Motors: Continuous research and development efforts are leading to the creation of more efficient electric motors for appliances like refrigerators, washing machines, and kitchen gadgets. These innovations result in longer-lasting devices, reduced energy consumption, and enhanced performance.

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€

Asia-Pacific is anticipated to dominate the consumer electronics electric motor market, primarily due to:

Strong Manufacturing Base: Countries like China, Japan, and South Korea are major hubs for consumer electronics production, contributing to increased demand for electric motors.

Rising Disposable Income: Growing middle-class populations and increasing purchasing power have led to a surge in demand for consumer electronics in this region.

Government Initiatives for Energy Efficiency: Many Asia-Pacific nations have implemented policies promoting energy-efficient appliances, further driving the adoption of advanced electric motors.

๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ช๐—ถ๐˜๐—ต ๐—ง๐—ข๐—–@ https://www.alliedmarketresearch.com/consumer-electronics-electric-motor-market-A53540

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ

Key players in the consumer electronics electric motor market are focusing on expanding their global footprint, improving product offerings, and investing in research and development. Notable companies include:

Maxon Motor

Nidec Corporation

Johnson Electric Holdings

ABB Group

Siemens AG

Panasonic Corporation

For instance, in July 2022, Maxon Motor, a Swiss producer of motor systems, established a sales office in Mexico to enhance customer service and expand its brand in Latin America. Such initiatives are expected to propel market growth during the forecast period.

๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ

The consumer electronics electric motor market is poised for significant growth in the coming years, driven by technological advancements, increasing consumer demand, and regulatory push for energy-efficient solutions. As major brands introduce cost-effective models with innovative features, the market is expected to witness substantial expansion.

๐—ž๐—ฒ๐˜† ๐—™๐—ถ๐—ป๐—ฑ๐—ถ๐—ป๐—ด๐˜€ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฆ๐˜๐˜‚๐—ฑ๐˜†

The report provides a detailed analysis of emerging trends and market dynamics.

The DC motor segment accounted for the largest revenue share in 2022.

The up to 50V segment generated the highest revenue based on voltage.

The refrigerator segment dominated the application category in 2022.

Asia-Pacific is expected to lead the market in the forecast period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the report

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