Global Electric Motors Market Trends, Strategies, And Opportunities In The Electric Motors Market 2021-2030

Electric Motors Market Report 2021: COVID 19 Impact and Recovery to 2030

Electric Motors Global Market Report 2021: COVID 19 Impact and Recovery to 2030

The Business Research Company’s Electric Motors Global Market Report 2021: COVID 19 Impact and Recovery to 2030

LONDON, GREATER LONDON, UK, September 22, 2021 / — According to the new market research report ‘Electric Motors Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the global electric motor market size is expected to grow from $64.1 billion in 2020 to $66.88 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $72.18 billion in 2025 at a CAGR of 2%. 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.

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The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. The motor manufacturing market is segmented into AC motor and DC motor. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. These include components such as rotor, bearings, stator, air gap, windings, and commutator. 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.

Trends In The Global Electric Motors Market
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.

Global Electric Motors Market Segments:
The global electric motors market is further segmented based on type, output power, voltage range, application, speed and geography.
By Type: Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor
By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP)
By Voltage Range: 9V And Below, 10-20 V, 21-60 V, 60 V And Above
By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications
By Speed: 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)
By Geography: The global electric motors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Electric Motors Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electric motors market overviews, analyzes and forecasts market size and growth for the global electric motors market, electric motors market share, electric motors market players, electric motors market segments and geographies, electric motors market’s leading competitors’ revenues, profiles and market shares. The electric motors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Read Electric Motors Global Market Report 2021 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Electric Motors Market Organizations Covered: 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., Allied Motion Technologies, Inc., Franklin Electric Co., Inc., Johnson Electric Holdings Limited, Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation, General Electric Company, Nidec Corporation, WEG S.A., Hitachi, Ltd., Hyosung Corporation, Danaher Corporation, Teco Electric Machinery & Co., Dr. Fritz Faulhaber GmbH Co. KG, Maxon Motor AG, Mitsubishi Electric, Panasonic, Shandong, Bulher Motor Gmbh, BorgWarner Inc, Continental AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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