(Companies: ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc. , Baldor Electric Company, Inc.)
The global electric motor manufacturing market was worth $106.9 billion in 2019. In 2019, North America was the largest region in the motor manufacturing market. The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots.
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The global electric motor manufacturing market is expected to grow at a rate of about 7.57% and reach $143.2 billion by 2023. Increasing use of household appliances is expected to contribute to the growth of the motor 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.
Increased tariffs on raw materials such as steel and aluminum restrained the market for motor manufacturing in the historic period.
Motor manufacturing companies are increasingly manufacturing IoT enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behavior and sends an alert upon detecting any deviation from normal behavior. Smart motors offer several benefits such as increased lifespan of equipment, and improved safety.
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Major players in the market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc. , Baldor Electric Company, Inc.
Rockwell Automation, Inc. is an American provider of industrial automation and information technology. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs over 23,000 people and has customers in more than 100 countries worldwide.
Few Points from Table of Contents:
2. Electric Motors Market Characteristics
3. Electric Motors Market Size And Growth
3.1. Global Electric Motors Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Electric Motors Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Electric Motors Market Segmentation
4.1. Global Electric Motors Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Alternate Current (AC) Motor
Direct Current (AC) Motor
4.2. Global Electric Motors Market, Segmentation By Output Power, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Integral Horsepower (IHP)
Fractional Horsepower (FHP)
4.3. Global Electric Motors Market, Segmentation By Voltage Range, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
9v & Below
60 v And Above
4.4. Global Electric Motors Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Aerospace & Transportation
Other Commercial Applications
4.5. Global Electric Motors Market, Segmentation By Speed, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Low-Speed (less than 1,000 rpm)
Medium-Speed (1,001 to 25,000 rpm)
High-Speed (25,001 to 75,000 rpm)
Ultra-High Speed (greater than 75,001 rpm)
5. Electric Motors Market Regional And Country Analysis
5.1. Global Electric Motors Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Electric Motors Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
25. Electric Motors Market Competitive Landscape And Company Profiles
25.1. Electric Motors Market Competitive Landscape
25.2. Electric Motors Market Company Profiles
25.2.1. ABB Ltd.
22.214.171.124. Products and Services
126.96.36.199. Financial Performance
25.2.2. ARC Systems, Inc.
188.8.131.52. Products and Services
184.108.40.206. Financial Performance
25.2.3. Asmo Co., Ltd.
220.127.116.11. Products and Services
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