Electric Motor Market Resilience: Adapting to Changing Economic Realities

Electric motors are electromechanical machines that use the electromagnetic theory to drive them. They are durable and dependable, need little upkeep, consume less energy, and can resist voltage swing

Electric Motor Market size was valued at US$ 129.47 Bn in 2022 and the total revenue is expected to grow at 6.9 % through 2023 to 2029, reaching nearly US$ 206.55 Bn.

Electric Motor Market Overview:

The Electric Motor market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Electric Motor Market, as well as the causes for variances in the industry's growth in various places.

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Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases. 

Segmentation:

by Output Power

IHP
FHP

by Type

AC Motor
Synchronous AC Motor
Induction AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Hermetic Motor

by Application

Industrial Machinery
Motor Vehicle
HVAC Equipment
Aerospace & Transportation
Household Appliances

by Voltage Range

9V & below
10V-20V
21V-60V
60V

by Speed

Low Speed
Medium Speed High Speed
Ultra-High Speed

Key Players: The key players are

1. Johnson Electric Holdings Ltd.
2. Baldor Electric Company, Inc.
3. Ametek, Inc.
4. Siemens AG
5. Brook Crompton UK Ltd.
6. Danaher Motion LLC
7. Allied Motion Technologies Inc.
8. Franklin Electric Co., Inc.
9. ABB Group
10. ARC Systems Inc.
11. ASMO Co., Ltd.
12. Dr. Fritz Faulhaber GmbH
13. Emerson Electric
14. Maxon Motor AG
15. Regal Beloit Corporation
16. Rockwell Automation Inc.
17. Nidec Corporation
18. Wolong
19. WEG
20. Mitsubishi Electric Corporation
21. Mitsuba Corporation

 

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Electric Motor market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

 

COVID-19 Impact Analysis on Electric Motor Market: The report also includes a detailed analysis of COVID-19 on the Electric Motor market.

Key Questions Answered in the Electric Motor Market Report are:

• Which sub-segment had the largest share in the Electric Motor market?
• How is the competitive landscape of the Electric Motor market in 2021?
• Which are the key drivers impacting the Electric Motor market growth?
• Which region holds the maximum share in the Electric Motor market?
• What will be the CAGR of the Electric Motor market during the forecast period (2022-2029)?

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