Electric Motor Market Expected to Rise at 4.35% CAGR during 2019-2024

1. Global Electric Motor Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Electric Motor Market Overview: Electric motors refer to mechanical devices which work on the basic principle of electromagnetism. Over the years, these motors have gained traction due to their growing usage in a number of applications ranging from hair dryers, toys, electric shavers and extractor fans to washing machines, dishwashers, coffee grinders, microwaves and electric can openers. A new research report by IMARC Group, titled “Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global electric motor market reached a value of nearly US$ 125 Billion in 2018. The report further anticipates the market to reach a value of US$ 162 Billion by 2024, at a projected CAGR of 4.35% during 2019-2024. Global Electric Motor Market Drivers/Constraints: • Electric vehicles are environment friendly since they do not emit toxic gases or smoke into the environment and also minimise energy consumption. As a result, there is a rise in the demand for hybrid and electric vehicles which, in turn, is further elevating the growth of the electric motor market globally.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 • The various government initiatives and regulatory policies aimed to promote energy efficiency and reduce carbon emissions in various industrial verticals are bolstering the demand for high- efficiency motors. Some of the other factors contributing to the growth of the global electric motor market are rapid advancements in technology, increasing automation and rapid industrialisation. • Request for a free sample report: https://www.imarcgroup.com/electric-motor-market/requestsample

5. Report Description and Highlights Report Description • The high cost of manufacturing and assembling efficient electric motors and the limited portability of large motors hinder the market growth. Moreover, the intense competition in the market also acts as a major deterrent. Key Market Segmentation: Market Segmentation by Motor Type • AC Motor o Induction AC Motor o Synchronous AC Motor DC Motor o Brushed DC Motor o Brushless DC Motor Others • • On the basis of motor type, the market has been segmented into AC and DC motors. The AC motors segment is further categorised into induction and synchronous AC motors, whereas the DC motors segment is segregated into brushed and brushless DC motors.

6. Report Description and Highlights Report Description Currently, AC motors are the most popular motor type, accounting for the majority of the market share. Market Segmentation by Voltage • • • Low Voltage Electric Motors Medium Voltage Electric Motors High Voltage Electric Motors Based on voltage, low voltage electric motors dominate the market as these motors consume less energy and are highly efficient. Low voltage electric motors are followed by medium and high voltage electric motors. Market Segmentation by Rated Power • • Fractional Horsepower Motors Integral Horsepower Motors For more information, click here: https://www.imarcgroup.com/electric-motor-market

7. Report Description and Highlights Report Description On the basis of rated power, the market has been segregated into fractional and integral horsepower electric motors. Currently, fractional horsepower motors are the leading segment as these motors are extensively used in household appliances, surgical devices, floor scrubbers, car windows, conveyors, etc. Market Segmentation by Fractional Horsepower • • • Fractional Horsepower (< 1/8) Motors Fractional Horsepower (1/8 - 1/2) Motors Fractional Horsepower (1/2 - 1) Motors Based on fractional horsepower, the report finds that fractional horsepower (1/8 – 1/2) motors dominate the market. These motors are followed by fractional horsepower (< 1/8) motors and fractional horsepower (1/2 – 1) motors. Market Segmentation by Integral Horsepower • Integral Horsepower (1 - 5) Motors

8. Report Description and Highlights Report Description • • • Integral Horsepower (10 - 50) Motors Integral Horsepower (50 - 100) Motors Integral Horsepower (>100) Motors On the basis of integral horsepower, electric motors with integral horsepower between 1 – 5 hold the largest share of the global electric motor market. They are followed by motors with horsepower in the range 10 – 50, 50 – 100 and > 100. Market Segmentation by Magnet Type • • • Ferrite Neodymium (NdFeB) Samarium Cobalt (SmCo5 and Sm2Co17) Based on magnet type, the market has been classified as ferrite, Neodymium (NdFeB) and Samarium Cobalt (SmCo5 and Sm2Co17) magnets. Amongst these, ferrite magnets are the most popular type of magnets used in electric motors worldwide.

9. Report Description and Highlights Report Description Market Segmentation by Weight • • • Low Weight Motors Medium Weight Motors High Weight Motors On the basis of weight, low weight electric motors hold the largest share, followed by medium and high weight electric motors. Market Segmentation by Speed • • • • Ultra-High-Speed Motors High-Speed Motors Medium Speed Motors Low Speed Motors Based on speed, the report finds that high speed electric motors hold the biggest share. They are followed by ultra-high speed, medium speed and low speed electric motors.

10. Report Description and Highlights Report Description Market Segmentation by Region • • • • • Asia Pacific Europe North America Middle East and Africa Latin America Region-wise, Asia-Pacific enjoys the leading position in the global electric motor market on account of rising inclination towards energy-efficient motors. Other major regions include North America, Europe, Middle East and Africa, and Latin America. Market Segmentation by Application • • • • Industrial Machinery HVAC Transportation Household Appliances

11. Report Description and Highlights Report Description • • • • • Motor Vehicles Aerospace Marine Robotics Others Industrial machinery is the leading application sector, accounting for the majority of the total market share. It is followed by HVAC, transportation, household appliances, motor vehicles, aerospace, marine and robotics. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • ABB Group Siemens Ag WEG SA TECO

12. Report Description and Highlights Report Description • • Regal Beloit Corporation Nidec Corporation Browse Related Report Motor Repair and Maintenance Market Report: https://www.imarcgroup.com/motor-repair- maintenance-market Saudi Arabia Electric Motor Market Report: https://www.imarcgroup.com/saudi-arabia-electric- motor-market

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15. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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