Electric Motors - Global Strategic Business Report

The global market for Electric Motors is estimated at US$187.6 Billion in 2023 and is projected to reach US$282.9 Billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the electric motor market is driven by several factors. Technological advancements in motor efficiency and control systems have significantly enhanced performance and reduced energy consumption, making electric motors more attractive to various industries. The increasing adoption of electric vehicles (EVs), driven by the global push towards sustainable transportation, is a major growth driver for the electric motor market. Additionally, the expansion of industrial automation and the need for efficient and reliable machinery are boosting the demand for advanced electric motors.

The rise of renewable energy projects, such as wind and solar power installations, is also contributing to market growth, as electric motors are essential in these applications. Government regulations and incentives promoting energy efficiency and the use of clean technologies are further supporting the adoption of electric motors. These factors, combined with the continuous innovation and development in electric motor technology, ensure robust growth and a dynamic future for the electric motor market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the AC Motors segment, which is expected to reach US$188.1 Billion by 2030 with a CAGR of a 5.2%. The DC Motors segment is also set to grow at 6.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $49.8 Billion in 2023, and China, forecasted to grow at an impressive 8.8% CAGR to reach $63.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electric Motors Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Motors Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Electric Motors Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ABB Ltd., ACTOM (Pty) Ltd., Allied Motion Technologies, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 296 Featured):

• ABB Ltd.
• ACTOM (Pty) Ltd.
• Allied Motion Technologies, Inc.
• AMETEK Inc.
• ARC Systems Inc.
• Asmo Co., Ltd.
• Baldor Electric Company
• Bauer Gear Motor
• Brook Crompton UK Ltd.
• CG Power and Industrial Solutions Ltd.
• Franklin Electric Co. Inc.
• General Electric Company
• Hitachi Industrial Equipment Systems Co., Ltd.
• Hyosung Power & Industrial Systems Performance Group
• Kirloskar Electric Company Ltd.
• Kollmorgen Corp.
• Leeson Electric
• MinebeaMitsumi Inc.
• Nanyang Explosion Protection Group Co. Ltd.
• Nidec Corp.
• Panasonic Corp.
• Rockwell Automation, Inc.
• Sanyo Denki America Inc.
• Shinano Kenshi Co., Ltd.
• Siemens AG
• TECO-Westinghouse Motor Company
• Toshiba International Corp.
• Toshiba Mitsubishi-Electric Industrial Systems Corp.
• WEG Electric Corporation