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Demand For Household Appliances With Other Factors In The Electric Motor And Generator Market: A Significant Driver Propelling The Electric Motor And Generator Market In 2025
Electric Motor And Generator
What Is the Electric Motor And Generator Market Size and Projected Growth Rate?
In the last few years, the size of the electric motor and generator market has been expanding consistently. It is predicted to augment from $131.75 billion in 2024 to $137.81 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.6%. The expansion during the historic period is a result of robust economic growth in developing markets, heightened demand for household appliances, growth in the industrial sector, and an increase in disposable income.
Over the next few years, consistent expansion is projected for the electric motor and generator market, with an expected value of $159.83 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.8%. This growth within the estimated period is due to factors such as the increased demand for electric vehicles, escalating need for energy, significant infrastructure development and swift urbanization. The forecast period's prevalent trends encompass the evolution of high-power density electric motors, environmentally friendly generators, hybrid power generators, the incorporation of IoT and smart technology in product innovations, and crucial strategic partnerships and alliances.
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What Are the Major Segments in the Electric Motor And Generator Market?
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
Subsegments:
1) By Electric Motors: AC Motors, DC Motors, Stepper Motors, Servo Motors
2) By Electric Generators: Alternators, Inverter Generators, Portable Generators, Standby Generators
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What Are The Driving Electric Motor And Generator Market Evolution?
The anticipated growth of the motor and generator manufacturing market in the future is predicted to be driven by the escalating use of household appliances. This increased usage is spurred by factors such as swelling electrification, a rise in disposable income, and speedy urbanization, among other things. These elements are also fueling the surge in demand for household appliances, which is, in turn, stimulating the motors market. For instance, by 2022, the global household appliance manufacturing market is pegged to attain $396.8 billion, with a CAGR possessing 8.7%. Hence, the expanding need for household appliances that operate using a motor will facilitate the propulsion of the motors and generators market in the coming years.
Which Firms Dominate The Electric Motor And Generator Market Segments?
Major companies operating in the electric motor and generator market include 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, 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., Powertech Africa, MarelliMotori SA
What Trends Are Expected to Dominate the Electric Motor And Generator Market in the Next 5 Years?
There is a growing trend among generator manufacturers to produce more portable generators. These portable generators, which generate electric power through the operation of a gas or diesel engine that drives an integrated alternator, are gaining popularity. The escalating need for reliable and continuous power supplies is driving this increased demand, particularly due to the benefits of portability and user-friendliness that these generators offer.
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Which Is The Largest Region In The Electric Motor And Generator Market?
Asia-Pacific was the largest region in the electric motor and generator market in 2024. The regions covered in the electric motor and generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Motor And Generator Market?
2. What is the CAGR expected in the Electric Motor And Generator Market?
3. What Are the Key Innovations Transforming the Electric Motor And Generator Industry?
4. Which Region Is Leading the Electric Motor And Generator Market?
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