Global Electric Motor Market is expected to reach $173 billion by 2024 from $105 billion in 2016, growing at a CAGR of 5.7% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 6.0% and 5.9%, respectively, during the forecast period.
"Electric Motor Market (By Output Power: FHP and IHP; By Type: AC Motor, DC Motor and Hermetic Motor; By Application: Motor Vehicle, HVAC Equipment, Machinery, Household Appliances, Aerospace & Other Transport Equipment and Commercial & Other Service Industry Equipment; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"
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The global electric motor market is majorly driven by rising automobile productions globally coupled with increase adoption of electric vehicles. Moreover, increasing application of induction motors and electric motors are replacing gas turbines in big industrial plants. This is also expected to support the growth of the market.
The global electric motor market is categorized into output power, type, application and geography. Output power segment includes FHP and IHP. Type segment consists AC motor, DC motor and hermetic motor. AC motor held majority of share in the market followed by DC motors in the year 2016. Additionally, application segment includes motor vehicle, machinery, HVAC equipment, household appliances, aerospace and commercial. Motor vehicles and HVAC equipment accounted the largest market share in 2016.
Geographically, the global electric motor market is bifurcated into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is the fastest growing region in the global electric motor market, owning to rapid growth in urbanization, and increasing construction of mega cities & metro railways. Asia Pacific accounted the largest share of the market followed by Europe in the year 2016.
The key market players in the market are Schneider Electric SE, Baldor Electric Company, Siemens AG, Kirloskar Electric Company, Denso Corporation, Bosch Group, Toshiba International Corporation, Rockwell Automation, General Electric Company and ABB Ltd.
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| Chapter 1 Prefix |
|---|
| 1.1 Market Scope |
| 1.2 Report Description |
| 1.3 Research Methodology |
| 1.3.1 Primary Research |
| 1.3.2 Secondary Research |
| 1.3.3 In-house Data Modeling |
| Chapter 2 Executive Summary |
|---|
| Chapter 3 Market Outline |
|---|
| 3.1 Market Inclination, Trend, Outlook and Viewpoint |
| 3.2 Market Share Analysis: Company’s Competitive Scenario |
| 3.3 Value Chain Analysis |
| 3.4 Market Dynamics |
| 3.4.1 Drivers |
| 3.4.1.1 Impact Analysis |
| 3.4.2 Restraints |
| 3.4.2.1 Impact Analysis |
| 3.4.3 Opportunities |
| 3.5 Porter’s five forces analysis |
| 3.5.1 Factors Impact Analysis |
| Chapter 4 Electric Motor Market by Output Power: Market Size and Forecast, 2015 – 2024 |
|---|
| 4.1 FHP |
| 4.1.1 Current Trend and Analysis |
| 4.1.2 Market Size and Forecast |
| 4.2 IHP |
| 4.2.1 Current Trend and Analysis |
| 4.2.2 Market Size and Forecast |
| Chapter 5 Electric Motor Market by Type: Market Size and Forecast, 2015 – 2024 |
|---|
| 5.1 AC Motor |
| 5.1.1 Current Trend and Analysis |
| 5.1.2 Market Size and Forecast |
| 5.2 DC Motor |
| 5.2.1 Current Trend and Analysis |
| 5.2.2 Market Size and Forecast |
| 5.3 Hermetic Motor |
| 5.3.1 Current Trend and Analysis |
| 5.3.2 Market Size and Forecast |
| Chapter 6 Electric Motor Market by Application: Market Size and Forecast, 2015 – 2024 |
|---|
| 6.1 Motor Vehicle |
| 6.1.1 Current Trend and Analysis |
| 6.1.2 Market Size and Forecast |
| 6.2 HVAC Equipment |
| 6.2.1 Current Trend and Analysis |
| 6.2.2 Market Size and Forecast |
| 6.3 Machinery |
| 6.3.1 Current Trend and Analysis |
| 6.3.2 Market Size and Forecast |
| 6.4 Household Appliances |
| 6.4.1 Current Trend and Analysis |
| 6.4.2 Market Size and Forecast |
| 6.5 Aerospace |
| 6.5.1 Current Trend and Analysis |
| 6.5.2 Market Size and Forecast |
| 6.6 Commercial |
| 6.6.1 Current Trend and Analysis |
| 6.6.2 Market Size and Forecast |
| Chapter 7 Electric Motor Market by Geography: Market Size and Forecast, 2015 – 2024 |
|---|
| 7.1 North America |
| 7.1.1 Current Trend and Analysis |
| 7.1.2 Market Size and Forecast |
| 7.1.3 US |
| 7.1.4 Canada |
| 7.1.5 Mexico |
| 7.2 Europe |
| 7.2.1 Current Trend and Analysis |
| 7.2.2 Market Size and Forecast |
| 7.2.3 Germany |
| 7.2.4 France |
| 7.2.5 United Kingdom |
| 7.2.6 Spain |
| 7.2.7 Others |
| 7.3 Asia-Pacific |
| 7.3.1 Current Trend and Analysis |
| 7.3.2 Market Size and Forecast |
| 7.3.3 China |
| 7.3.4 India |
| 7.3.5 Japan |
| 7.3.6 South Korea |
| 7.3.7 Others |
| 7.4 RoW |
| 7.4.1 Current Trend and Analysis |
| 7.4.2 Market Size and Forecast |
| 7.4.3 Middle East |
| 7.4.4 South America |
| 7.4.5 Africa |
| Chapter 8 Company Profiles |
|---|
| 8.1 Schneider Electric SE |
| 8.2 Baldor Electric Company |
| 8.3 Siemens AG |
| 8.4 Kirloskar Electric Company |
| 8.5 Denso Corporation |
| 8.6 Bosch Group |
| 8.7 Toshiba International Corporation |
| 8.8 Rockwell Automation |
| 8.9 General Electric Company |
| 8.10 ABB Ltd |
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