Electric Motor Market Size Increasing Demand Growth of Electric Motor Industry

The global Electric Motor Market size is projected to grow from USD 113.14 billion in 2021 to USD 181.89 billion in 2028 while exhibiting a CAGR of 7.0% between 2021 and 2028. Fortune Business Insights published this information in its latest report, titled, “Electric Motor Market, 2021-2028.” The report further mentions that the market stood at USD 106.45 billion in 2020. Factors such as the increasing adoption of electrical motors in the commercial sector and the rapid-paced urbanization is expected to favor the growth of the market in the forthcoming years.x

Info Source: https://www.fortunebusinessinsights.com/industry-reports/electric-motor-market-100752 

What does the Report provide?

The global market for electric motor report provides a detailed qualitative and quantitative analysis of the market and focuses on crucial aspects such as materials, leading companies, applications, and products. Also, the report offers insights into latest trends and highlights key industry developments. The report further includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry’s latest dynamics and opportunities that will impact the market growth between 2021 and 2028.

  • ABB (Switzerland)
  • AMETEK (United States)
  • Johnson Electric (China)
  • Siemens (Germany)
  • Rockwell Automation (United States)
  • GE (United States)
  • Nidec Motor Corporation (Japan)
  • WEG (Brazil)
  • Toshiba Corporation (Japan)
  • Hitachi (Japan)
  • Mitsubishi Heavy Industries (Japan)
  • TECO-Westinghouse Motor Company (United States)
  • Arc Systems Inc. (Japan)
  • DENSO (Japan)
  • Regal Beloit Corporation (United States)

Electric Motor Market Segmentation:

  • By Motor Type
  • AC Motors
  • DC Motors
  • Hermetic Motors
  • By Power Output
  • Fractional Horsepower (Up to 1HP)
  • Integral Horsepower (Above 1HP)
  • By Voltage
  • Up to 1 kV
  • 1 kV-6.6 kV
  • Above 6.6 kV
  • By Application
  • Industrial Machinery
  • Motor Vehicles
  • HVAC Equipment
  • Electrical Appliances
  • Others
  • By End-User
  • Industrial
  • Commercial
  • Residential
  • Agriculture
  • Transportation

List of the Companies Profiled in the Market:

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