Electric Motor Sales Market Size, Share & Trends Analysis Report By Application, By Power Output (Integral HP Output, Fractional HP Output), By Motor Type (Hermetic, AC, DC)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Electric Motor Sales market gathered revenue around USD 142.0 Billion in 2020 and market is set to grow USD 233.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.2% during the prediction period 2021 to 2027.

Growth Factors:

An increase in awareness regarding green vehicles among customers has been a key factor driving the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is expected to provide a fillip to the market. Electric motors have been observing several advancements in technology over the past few years, owing to which its demand is gaining traction. Additionally, the advent of better insulation materials has improved operational efficiency and the product's life, which has subsequently driven the market. The market is estimated to witness noteworthy growth over the forecast period owing to an increase in automobile production over the forecast period.

Rapid technological advancements have been playing an imperative role in the growth of the market. Further, improved insulation and operational efficiency have significantly improved the electro-mechanical machines in terms of safety and functionalities, leading to increased demand across multiple industries. Electric motors are used in multiple applications across industry verticals such as home appliances, industrial machinery, and vehicles. The market is expected to witness high growth from Heating, Ventilation, and Cooling (HVAC) applications as they are an inseparable component of HVAC equipment.

Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives. As a result, electric vehicles are manufactured with a view of reducing operational costs and carbon footprint. The upsurge in the production of electric vehicles is expected to positively impact the demand for electric motors as they are used in various applications ranging from performance components to comfort components of the vehicle.

The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency and output, low power consumption, increased operational life, and low maintenance costs are essential requirements for the electro-mechanical machines. Notably, technological innovations have introduced improved design, components, and motor specifications resulting in fulfillment of end-user requirements. Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Electric Motor Sales market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Electric Motor Sales market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 233.4 Billion by 2027
Growth Rate CAGR of 7.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Motor type, power output, application and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Baldor Electric Company, Inc.; Ametek Inc.; Franklin Electric Co., Inc.; Asmo Co., Ltd.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Electric Motor Sales market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Regional analysis:

Asia Pacific dominated the electric motor market and accounted for the largest revenue share of 48.9% in 2020. This is attributable to advancements in the agriculture sector and enormous investments in industrialization in countries, including China, India, South Korea, and Australia. Further, the increasing production and sales of electric vehicles in countries including China and Japan as well as the presence of established OEMs such as Honda Motor Co., Ltd., Hyundai Motor Company, Toyota Industries Corporation, and Nissan Motor Corporation are estimated to boost the growth prospects of the market in this region. The market is expected to witness the highest CAGR of 7.9% from 2021 to 2027.

Followed by Asia Pacific, Europe and North America region held a high market share in 2020 and are witnessing rising demand for the product. These regions are the largest market for premium efficiency motors, which are used in HVAC, industrial applications, and electric cars. Growth opportunities for the market in Latin America and Middle East and Africa are projected to rise soon, owing to increasing government funding. The rising demand for motors from the oil and gas industry, rapid development in the mining industry, and significant demand for cement across the construction industry are benefitting the market in these regions.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Electric Motor Sales Market include: Baldor Electric Company, Inc.; Ametek Inc.; Franklin Electric Co., Inc.; Asmo Co., Ltd.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

  • by Motor Type 

    • AC Motor

      • Synchronous AC Motor

      • Induction AC Motor

    • DC Motor

      • Brushed DC Motor

      • Brushless DC Motor

    • Hermetic Motor

  • by Power Output 

    • Integral HP Output

    • Fractional HP Output

  • by Application 

    • Industrial Machinery

    • Motor Vehicles

    • HVAC Equipment

    • Aerospace & Transportation

    • Household Appliances

    • Others

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Electric Motor Sales market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Electric Motor Sales market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Electric Motor Sales markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Electric Motor Sales Market Study:

  • Growth of Electric Motor Sales in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Electric Motor Sales and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Electric Motor Sales Consumption Analysis
  •  Electric Motor Sales Production Analysis
  •  Electric Motor Sales and Management

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Motor Sales Market, By Motor Type

7.1. Electric Motor Sales Market, by Motor Type, 2021-2027

7.1.1. AC Motor

7.1.1.1. Market Revenue and Forecast (2017-2027)

7.1.2. DC Motor

7.1.2.1. Market Revenue and Forecast (2017-2027)

7.1.3. Hermetic Motor

7.1.3.1. Market Revenue and Forecast (2017-2027)

Chapter 8. Global Electric Motor Sales Market, By Application

8.1. Electric Motor Sales Market, by Application, 2021-2027

8.1.1. Industrial Machinery

8.1.1.1. Market Revenue and Forecast (2017-2027)

8.1.2. Motor Vehicles

8.1.2.1. Market Revenue and Forecast (2017-2027)

8.1.3. HVAC Equipment

8.1.3.1. Market Revenue and Forecast (2017-2027)

8.1.4. Aerospace & Transportation

8.1.4.1. Market Revenue and Forecast (2017-2027)

8.1.5. Household Appliances

8.1.5.1. Market Revenue and Forecast (2017-2027)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2017-2027)

Chapter 9. Global Electric Motor Sales Market, By Power Output 

9.1. Electric Motor Sales Market, by Power Output, 2021-2027

9.1.1. Integral HP Output

9.1.1.1. Market Revenue and Forecast (2017-2027)

9.1.2. Fractional HP Output

9.1.2.1. Market Revenue and Forecast (2017-2027)

Chapter 10. Global Electric Motor Sales Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.6.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.7.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.4.3. Market Revenue and Forecast, by Power Output (2017-2027)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Motor Type (2017-2027)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.5.3. Market Revenue and Forecast, by Power Output (2017-2027)

Chapter 11. Company Profiles

11.1. Allied Motion Technologies, Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. General Electric Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Baldor Electric Company, Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Ametek, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Franklin Electric Co.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Denso Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Johnson Electric Holdings Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Siemens

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Rockwell Automation

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Asmo Co., Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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