A newly released intelligence report 2023 provides a wealth of insights on the growth outlook of the Global Electric Motor Market. It offers short-term and long-term growth projections of the market, banking on in-depth analysis of the various growth factors that are shaping up the market performance and would continue to do so. The report focuses on both direct and indirect, and positive and negative factors to provide a fact-based assessment.
The electric motor market is valued at USD 121,020 million on 2022 and is anticipated to reach a value of USD 203,320 million in 2030 expanding at a CAGR of 6.7% over the forecast period.
Electric motor is referred to as a type of an electrical equipment that is powered by the ability to transform electrical energy into mechanical energy. The interaction between its electric current and magnetic field in a wire facilitates its efficient operations. It is made up of six pivotal parts including rotor, field magnet, commuter, axle, brushes, and a DC power supply. The escalating demand for continuous power supply along with rapid urbanization and industrialization are primarily augmenting the outlook of this market vertical.
Additionally, this research report also includes an analysis of the key drivers or drivers responsible for the growth of the Electric Motor market. Additionally, the report provides several important reasons that could hamper the growth of the market during the forecast period. Therefore, the study provides an estimate of market growth based on various segmentations and calculations made from historical and current data. In doing this, the research reports can help consumers carry out strategic growth initiatives in the Electric Motor Market.
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Competitive Analysis
The prominent companies defining the competitive terrain of this business sphere are General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd., and Others.
Global Electric Motor Market- Segmental Analysis
By Motor Type
Alternate Current (AC) Motor
o Induction Motor
o Synchronous Motor
Direct Current (DC) Motor
o Brushed DC
o Brushless DC
Hermetic Motor
By Power Output
<1HP, 1-5HP
5 – 10 HP
10 -20 HP
20 – 50 HP
50 – 100HP
100– 300 HP
300 – 500HP
Above 500HP
By Rotor
Inner Rotor
Outer Rotor
By Application
Pumps
Fans
Drives
Compressor
General Machinery
Centrifugal Machinery
Grinders
Extruders
Robotics
Others
By End Use
Industrial
o Oil & Gas
o Power Generation
o Mining
o Food & Beverages
o Pulp & Paper
o Chemicals
o Air Separation Plant
o Other Manufacturing
Residential
HVAC & Refrigeration
Medical
Municipal Water Treatment
Transportation
Automotive
o Aviation
o Railways
o Boats
Others
Get Details About Electric Motor Market Research Report : https://wemarketresearch.com/reports/electric-motor-market/142
The report provides insights
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Key Questions Answered in The Report:
- What are the key market trends impacting the growth of the global Electric Motor market?
- Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid-19 on the current industry?
- What are the strengths and weaknesses of the key vendors?
- Who are the key market players and what are their strategies in the global Electric Motor market?
- What are the market opportunities and threats faced by the vendors in the global Electric Motor market? What industrial trends, drivers, and challenges are manipulating its growth?
- What are the key outcomes of the five forces analysis of the global Electric Motor market?
- Who are the Leading key players and what are their Key Business plans in the near future?
- What will be the Electric Motor market growth rate and size in the coming year?
- What are the main key factors driving the global Electric Motor market?
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