The global consumer electronics electric motor market was valued at $12,449.8 million in 2022, and is projected to reach $23,479.2 million by 2032, registering a CAGR of 6.5% from 2023 to 2032.
Electric motors for consumer electronics are specialized electrical devices created to accomplish specific tasks with a variety of consumer gadgets and appliances. To ensure effective operation, dependability, and compatibility with intended applications, these models are designed to fulfill the unique requirements and performance criteria of consumer electronic devices.
Due to characteristics like high torque and low noise, electric motor demand has increased in heating, ventilation, and air conditioning (HVAC) applications. The International Energy Agency (IEA) estimates that almost 40% of all electricity is utilized to power electric motors. The electric motor also has a higher efficiency, is lighter, and operates at a higher speed. Additionally, the need for electric motors in industries like HVAC, refrigerators, and vacuum cleaners is driven by the surge in demand for improved efficiency, which enables them to be made lighter, more compact, and silent. Seasonal Energy Efficiency Ratio (SEER) ratings of 13 and higher are recognized for HVAC and refrigeration systems using electric motors, making them up to 30% more efficient than systems with their brushed counterparts. All these factors collectively drive the growth of the global market. Electric motors are assembled in compressors, pumps, automotive, machine tools, lathe machines, disk drives, power tools, domestic appliances, and electric cars. Despite their high cost, these highly efficient motors are preferred over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, and high tolerance to voltage fluctuations. The need for improved productivity and low power consumption by the applications of electric motor is expected to increase the demand for high-efficiency motor. However, a slow-down in the automotive industry and high initial capital investment are expected to restrain the growth of the electric motor market. Furthermore, a rise in demand for electric motor from robotics and automated robot technologies is anticipated to provide lucrative opportunities for growth of the consumer electronic electric motor market.
The consumer electronics electric motor market is segmented into motor type, voltage, application, and regions. Based on type, the market is bifurcated into AC and DC motors. The DC motor segment dominated the market in 2022. As per voltage type, the market is segmented into Up To 50V, 50 to 120V, and above 120. The up to 50v segment dominated the market in 2022. Based on application, the market is segmented into refrigerators, mixer grinder, vacuum cleaner, washing machine, microwave oven, and others. The refrigerator segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, Asia-Pacific was the key shareholder, and anticipated to secure a leading position during the forecast period.
Electric motors for consumer electronics are specialized electrical devices created to accomplish specific tasks with a variety of consumer gadgets and appliances. To ensure effective operation, dependability, and compatibility with intended applications, these models are designed to fulfill the unique requirements and performance criteria of consumer electronic devices.
Due to characteristics like high torque and low noise, electric motor demand has increased in heating, ventilation, and air conditioning (HVAC) applications. The International Energy Agency (IEA) estimates that almost 40% of all electricity is utilized to power electric motors. The electric motor also has a higher efficiency, is lighter, and operates at a higher speed. Additionally, the need for electric motors in industries like HVAC, refrigerators, and vacuum cleaners is driven by the surge in demand for improved efficiency, which enables them to be made lighter, more compact, and silent. Seasonal Energy Efficiency Ratio (SEER) ratings of 13 and higher are recognized for HVAC and refrigeration systems using electric motors, making them up to 30% more efficient than systems with their brushed counterparts. All these factors collectively drive the growth of the global market. Electric motors are assembled in compressors, pumps, automotive, machine tools, lathe machines, disk drives, power tools, domestic appliances, and electric cars. Despite their high cost, these highly efficient motors are preferred over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, and high tolerance to voltage fluctuations. The need for improved productivity and low power consumption by the applications of electric motor is expected to increase the demand for high-efficiency motor. However, a slow-down in the automotive industry and high initial capital investment are expected to restrain the growth of the electric motor market. Furthermore, a rise in demand for electric motor from robotics and automated robot technologies is anticipated to provide lucrative opportunities for growth of the consumer electronic electric motor market.
The consumer electronics electric motor market is segmented into motor type, voltage, application, and regions. Based on type, the market is bifurcated into AC and DC motors. The DC motor segment dominated the market in 2022. As per voltage type, the market is segmented into Up To 50V, 50 to 120V, and above 120. The up to 50v segment dominated the market in 2022. Based on application, the market is segmented into refrigerators, mixer grinder, vacuum cleaner, washing machine, microwave oven, and others. The refrigerator segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, Asia-Pacific was the key shareholder, and anticipated to secure a leading position during the forecast period.
Competition Analysis
Key companies profiled in the consumer electronics electric motor market report include Johnson Electric Holdings Limited, Nidec Motor Corporation, Panasonic Corporation, Nichibo DC Motor, Dumore Motors, FAULHABER GROUP, Allied Motion Technologies Inc., MABUCHI MOTOR CO., LTD., Maxon, and ORIENTAL MOTOR (INDIA) PVT.LTD.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the consumer electronics electric motor market analysis from 2022 to 2032 to identify the prevailing consumer electronics electric motor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the consumer electronics electric motor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global consumer electronics electric motor market trends, key players, market segments, application areas, and market growth strategies.
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- Per Capita Consumption Trends
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Key Market Segments
By Type
- AC motors
- DC motors
By Voltage
- Up to 50V
- 50-120V
- Above 120V
By Application
- Refrigerator
- Washing Machine
- Vacuum Cleaner
- Microwave Oven
- Mixer Grinders
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Nidec Motor Corporation
- FAULHABER GROUP
- Nichibo DC Motor
- Allied Motion Technologies Inc.
- MABUCHI MOTOR CO., LTD.
- ORIENTAL MOTOR (INDIA) PVT. LTD.
- Johnson Electric Holdings Limited
- Panasonic Corporation
- Dumore Motors
- Maxon
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONSUMER ELECTRONICS ELECTRIC MOTOR MARKET, BY TYPE
CHAPTER 5: CONSUMER ELECTRONICS ELECTRIC MOTOR MARKET, BY VOLTAGE
CHAPTER 6: CONSUMER ELECTRONICS ELECTRIC MOTOR MARKET, BY APPLICATION
CHAPTER 7: CONSUMER ELECTRONICS ELECTRIC MOTOR MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the consumer electronics electric motor market was valued at $12.5 billion in 2022, and is estimated to reach $23.5 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.Global Consumer electronics electric motor market expected to Reach $23.47 billion by 2032.
Consumer electronics electric motors are specialized electrical equipment designed to carry out particular functions with a variety of consumer goods and appliances. These models are made to meet the specific needs and performance standards of consumer electronic devices, ensuring efficient operation, dependability, and compatibility with intended applications.
Players in the automobile industry have concentrated on developments in cutting-edge electric and environmentally friendly vehicles. The efficiency and high performance of cars are improved by the use of electric motors. Moreover, a number of green and electric vehicles have been introduced by automakers like Nissan, Chevrolet, and Fiat. In order to meet consumers' expanding needs, Tesla Motors has introduced new electric vehicle models and made significant investments in the electric vehicle sector. Customers now strongly prefer electric and low-emission automobiles thanks to increased public awareness of environmental degradation caused by transportation. Additionally, recently released electric vehicles like the Nissan Leaf and Chevrolet Volt have extremely efficient electric motors. Different automakers in North America, Europe, Asia-Pacific, and the Middle East have concentrated on launching electric, hybrid, and green vehicles. Hence, such factor propel the growth of the market during forecast periods.
However, in order to regulate the voltage to the motor coils in accordance with the motor's rotation, electric motors often need an electronic switching controller. The commutator assembly on an electric motor, however, carries out this switching automatically. Electronic speed controllers (ESCs) are needed to commute electric motors even though they lack commutators. The ESC needs additional hardware to receive a throttle signal. The bulk of bigger brushless motors need a separate controller, despite the fact that some smaller ones do have built-in controllers. As a result, the cost and complexity of the motor solution are increased by these additions. The market for electric motors is expected to experience a decline as a result of rising electric motor failure due to overheating and rising DC motor maintenance costs.
Furthermore, several commodities, including construction material, oil, and gas, saw a surge in price due to the Russia-Ukraine conflict. Due to supply chain interruptions, there are now more expensive shipping costs, fewer available containers, and less warehouse space. Since there have been delays in shipments and congestion, certain ports have been closed, and orders are being retracted, which influences industry and consumers globally. The decline in investor confidence has also increased stock market volatility. Economic instability has risen due to the strained commercial ties between Russia, Ukraine, and their different trading partners. Hence, all such factors have reduced export possibilities.
Additionally, Companies are participating part in government-sponsored energy management initiatives in greater numbers. Participating in such initiatives benefits businesses directly by lowering costs, reducing susceptibility to energy price swings, and boosting competitiveness, in addition to helping the nation save energy and carbon. After 2023, it's possible to anticipate the establishment of strict restrictions governing the use of IE4 motors in industrial applications. To encourage the use of energy-efficient automobiles and low carbon emission vehicles, the governments of several nations provide financial incentives to consumers for buying plug-in electric and green vehicles. The Green Vehicle Promotion Measure program was passed by the Japanese government to create tax breaks and exemptions for the use of eco-friendly, fuel-efficient automobiles in the area. In addition, some European nations, like Austria, have exempted plug-in cars from paying fuel consumption taxes. In addition, depending on the pollution levels of the vehicle, the French government provides incentives for owners of electric cars up to $6,300. Government support programs for electric vehicles thereby fuel the global demand for electric motors.
The consumer electronics electric motor market is segmented into motor type, voltage, application, and regions. Based on type, the market is bifurcated into AC and DC motors. As per voltage type, the market is segmented into Up To 50V, 50 to 120V, and above 120. According to application, the market is segmented into refrigerators, mixer grinder, vacuum cleaner, washing machine, microwave oven, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key companies profiled in the manual spray gun market report include, Johnson Electric Holdings Limited, Nidec Motor Corporation, Panasonic Corporation, Nichibo DC Motor, Dumore Motors, FAULHABER GROUP, Allied Motion Technologies Inc., MABUCHI MOTOR CO., LTD., Maxon, and ORIENTAL MOTOR (INDIA) PVT.LTD.KEY FINDINGS OF THE STUDY
The report provides an extensive analysis of the current and emerging trends and dynamics.
The report provides an extensive analysis of the current and emerging trends and dynamics.
By type, the AC motor segment was the largest revenue generator in 2022.
By voltage, up to 50v segment generated the highest revenue in 2022.
By application, the refrigerator segment dominated the market in 2022.
Region-wise, Asia-Pacific is anticipated to dominate the market throughout the forecast period.
Companies Mentioned
- Nidec Motor Corporation
- FAULHABER GROUP
- Nichibo DC Motor
- Allied Motion Technologies Inc.
- MABUCHI MOTOR CO., LTD.
- ORIENTAL MOTOR (INDIA) PVT. LTD.
- Johnson Electric Holdings Limited
- Panasonic Corporation
- Dumore Motors
- Maxon
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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