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Electric Motor Market
Published Date: November 2019
|
Report Code: ALLI-Auto-1G34
Home | Market Reports | Business & Industrial | Industrial Materials & Equipment
Electric Motor Market

Electric Motor Market

Code: ALLI-Auto-1G34
Report
November 2019
Pages:128
Allied Market Research
Description
Table of Content
Tables & Figures
ELECTRIC MOTOR MARKET OVERVIEW: 2025
 
The global electric motor market size was $96,967.9 million in 2017 and is projected to reach $136,496.1 million in 2025, growing at a CAGR of 4.5%. 
The electric motor market is expected to grow at a considerable rate in the years to come. Owing to rapid technological advancements in the last few years, the current electric market gains traction. Electric motors are incorporated in industrial fans; compressors; pumps; lathe machines; machine tools; domestic appliances; heating, ventilating, and air conditioning applications; disk drives; power tools; electric cars; and automated robots.
 
Despite their high cost, these highly efficient motors are preferred over standard motors due to different 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 motors is expected to increase the demand for high-efficiency motors.
 
The rise in awareness of green vehicles and an increase in government initiatives to reduce carbon emissions contribute to the growth of the electric motor market. Thus, market players launch various electric cars to cater to the increase in customer demands. For example, Tesla launched Model S, Model 3, and others in North America, and is expected to introduce its next electric car in the European market. Siemens AG launched eco-friendly and energy-efficient electric motor such as products under the SIMOTICS portfolio. Key companies profiled in the report are Ametek Incorporation, Siemens AG, Baldor Electric Incorporation, Allied Motion Technologies Inc., ARC Systems Incorporation, Asmo Corporation Limited, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporation, and Johnson Electric Holdings Limited.
 
The global electric motor market is segmented based on motor type, output power, voltage range, application, speed, and geography. By type, the market is categorized as AC, DC, and hermetic motors. AC motors are further bifurcated into synchronous and induction motors, whereas DC motors into brushed and brushless DC motors. Based on application, the global electric motor market is classified into industrial machinery; motor vehicles (automobiles); heating, ventilating, and cooling (HVAC) equipment, household appliances; aerospace & transportation; and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
 

COMPETITION ANALYSIS

The major players operating in the global electric motor market include Ametek Incorporation, Siemens AG, Baldor Electric Incorporation, Allied Motion Technologies Inc., ARC Systems Incorporation, Asmo Corporation Limited, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporation, and Johnson Electric Holdings Limited.

Key players in the global electric motor market adopted partnership and product launch as its key developmental strategy to expand its business and improve its product portfolio. For instance, in January 2019, WEG S.A, and Spanish private firm, a leading provider of pork signed a partnership agreement. According to the agreement, a Spanish private firm has installed W22 Magnet IE4 electric motors in the refrigeration system at the Manresa facilities. Similarly, in December 2017, Nord Drivesystems launched IE4, AC synchronous motors for applications in the food & beverage industries. Through this move, Nord expanded its portfolio of PM synchronous motor.

 

KEY BENEFITS 

  • The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the electric motor market.
  • Porter's Five Forces analysis highlights the potential of buyers & suppliers and provides insights into the competitive structure of the market to develop effective strategies in the global electric motor market.
  • The current and future trends are provided to enhance the potential in the electric motor market.
  • Value chain analysis provides a systematic study of the key intermediaries involved, which helps stakeholders to formulate appropriate strategies.

 

KEY MARKET SEGMENTS 

BY TYPE 

    Alternate Current (AC) Motor

    • Synchronous AC Motor
    • Induction AC Motor

    Direct Current (DC) Motor

    • Brushed DC Motor
    • Brushless DC Motor

    Hermetic Motor 

BY OUTPUT POWER 

  • Integral Horsepower (IHP)
  • Fractional Horsepower (FHP) 

BY VOLTAGE RANGE 

  • 9V & below
  • 10V-20V
  • 21V-60V
  • 60V and above 

BY APPLICATION 

  • Industrial Machinery
  • Motor Vehicle
  • HVAC Equipment
  • Aerospace & Transportation
  • Household Appliances
  • Other Commercial Applications 

BY SPEED 

  • Low speed (less than 1,000 rpm)
  • Medium speed (1,001 to 25,000 rpm)
  • High speed (25,001 to 75,000 rpm)
  • Ultra-high-speed (greater than 75,001 rpm) 

BY GEOGRAPHY 

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA 

 

KEY VENDORS PROFILED IN THE REPORT 

  • ABB Group
  • ARC Systems, Inc.
  • Asmo Co., Ltd.
  • Brook Crompton UK Ltd
  • Fritz Faulhaber GMBH
  • Emerson Electric
  • Maxon Motors AG
  • Regal Beloit Corporation
  • Rockwell Automation, Inc. 
CHAPTER 1 INTRODUCTION
1.1 Report Description
1.2 Key Benefits
1.3 Key segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
2.2 Market Beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting factors
3.2.2 Top investment pockets in global electric motors market
3.2.3 Top wining strategies
3.3 Porters five forces analysis
3.3.1 Low concentration of Buyers, lowering the Bargaining Power of Buyer
3.3.2 Differentiated product increases the Bargaining power of supplier
3.3.3 Unavailiability of substitutes for eletcric motors lead to minimal threat from substitutes.
3.3.4 Oligopoly and Perfect competition in the global market balances the competition in the industry
3.3.5 High initial investment lowers the threat of new entrants in the market
3.4 Market share analysis-2013
3.5 Case Studies
3.6 Market drivers
3.6.1 Energy Efficient Electric Motors
3.6.2 Increasing demand by agricultural and industrial sector
3.6.3 Rising awareness about electric and green vehicles amongst customers
3.6.4 Government Funding for the high efficient electric motor
3.6.5 Upsurge in requirement for HVAC applications
3.7 Restraints
3.7.1 High initial cost of motors
3.7.2 Portability
3.8 Opportunities
3.8.1 Standardization in Emerging markets
CHAPTER 4 GLOBAL ELECTRIC MOTOR MARKET BY MOTOR TYPES
4.1 Alternating Current (AC) Motor
4.1.1 Synchronous AC Motor
4.1.1.1 Key market trends
4.1.1.2 Competitive Scenario
4.1.1.3 Key growth factors and opportunities
4.1.1.4 Market Size and Forecast
4.1.2 Induction AC Motor
4.1.2.1 Key market trends
4.1.2.2 Competitive Scenario
4.1.2.3 Key growth factors and opportunities
4.1.2.4 Market Size and Forecast
4.2 Direct Current (DC) Motor
4.2.1 Brushed DC Motor
4.2.1.1 Key market trends
4.2.1.2 Competitive Scenario
4.2.1.3 Key growth factors and opportunities
4.2.1.4 Market Size and Forecast
4.2.2 Brushless DC Motor
4.2.2.1 Key market trends
4.2.2.2 Competitive Scenario
4.2.2.3 Key growth factors and opportunities
4.2.2.4 Market Size and Forecast
4.3 Hermetic motors
4.3.1 Key Trends
4.3.2 Competitive Scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market Size and forecast
CHAPTER 5 GLOBAL ELECTRIC MOTOR MARKET BY OUTPUT POWER
5.1 Integral Horsepower (IHP) Output
5.1.1 Key market trends
5.1.2 Competitive Scenario
5.1.3 Key growth factors and opportunities
5.1.4 Market Size and Forecast
5.2 Fractional Horsepower (FHP) Output
5.2.1 Key market trends
5.2.2 Competitive Scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market Size and Forecast
CHAPTER 6 GLOBAL ELECTRIC MOTOR MARKET BY APPLICATIONS
6.1 Industrial Machinery
6.1.1 Market size and forecast
6.2 Motor Vehicles
6.2.1 Market size and forecast
6.3 Heating Ventilating and Cooling (HVAC) Equipment
6.3.1 Market size and forecast
6.4 Aerospace and Transportation
6.4.1 Market size and forecast
6.5 Household Appliances
6.5.1 Market size and forecast
6.6 Other Commercial Applications
6.6.1 Market size and forecast
CHAPTER 7 GLOBAL ELECTRIC MOTORS MARKET BY GEOGRAPHY
7.1 North America
7.1.1 Key market trends
7.1.2 Competitive Scenario
7.1.3 Key growth factors and opportunities
7.1.4 Market Size and Forecast
7.2 Europe
7.2.1 Key market trends
7.2.2 Competitive Scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market Size and Forecast
7.3 Asia Pacific
7.3.1 Key market trends
7.3.2 Competitive Scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market Size and Forecast
7.4 LAMEA
7.4.1 Key market trends
7.4.2 Competitive Scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market Size and Forecast
CHAPTER 8 COMPANY PROFILES
8.1 Ametek Inc.
8.1.1 Company Overview
8.1.2 Business performance
8.1.3 Strategic moves and development
8.1.4 SWOT Analysis
8.2 Allied Motion Technologies, Inc
8.2.1 Company Overview
8.2.2 Business performance
8.2.3 Strategic moves and development
8.2.4 SWOT Analysis
8.3 Baldor Electric Company, Inc. (ABB Group)
8.3.1 Company Overview
8.3.2 Business performance
8.3.3 Strategic moves and development
8.3.4 SWOT Analysis
8.4 Siemens
8.4.1 Company Overview
8.4.2 Business performance
8.4.3 Strategic moves and development
8.4.4 SWOT Analysis
8.5 Johnson Electric Holdings Ltd.
8.5.1 Company Overview
8.5.2 Business performance
8.5.3 Strategic moves and development
8.5.4 SWOT Analysis
8.6 Rockwell Automation, Inc
8.6.1 Company Overview
8.6.2 Business performance
8.6.3 Strategic moves and development
8.6.4 SWOT Analysis
8.7 Franklin Electric Co., Inc.
8.7.1 Company Overview
8.7.2 Business performance
8.7.3 Strategic moves and development
8.7.4 SWOT Analysis
8.8 Asmo Co., Ltd.
8.8.1 Company overview
8.8.2 Strategic moves and development
8.8.3 SWOT Analysis
8.9 ARC Systems, Inc
8.9.1 Company overview
8.9.2 Strategic moves and development
8.9.3 SWOT Analysis
8.10 Brook Crompton UK Ltd
8.10.1 Company overview
8.10.2 Strategic moves and development
8.10.3 SWOT Analysi
TABLE 1 ELECTRIC MOTORS MARKET MODERATE GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 2 ELECTRIC MOTORS MARKET RAPID GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 3 ELECTRIC MOTORS MARKET DIMINISHING GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 4 COMPARISON OF STANDARD & HIGH EFFICIENT MOTORS AND RESULTED ANNUAL ENERGY COST SAVINGS
TABLE 5 GLOBAL ELECTRIC MOTOR MARKET BY MOTOR TYPES, 2013 – 2020 ($MILLION)
TABLE 6 GLOBAL AC MOTORS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 7 GLOBAL AC MOTORS MARKET BY TYPES, 2013 – 2020 ($MILLION)
TABLE 8 SYNCHRONOUS AC MOTOR MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 9 INDUCTION AC MOTOR MARKET BY GEOGRAPHY 2013 – 2020 ($MILLION)
TABLE 10 GLOBAL DC MOTORS MARKET BY TYPE, 2013 – 2020 ($MILLION)
TABLE 11 GLOBAL DC MOTOR MARKET BY GEOGRAPHY 2013 – 2020 ($MILLION)
TABLE 12 GLOBAL BRUSHED DC ELECTRIC MOTORS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 13 GLOBAL BRUSHLESS DC ELECTRIC MOTORS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 14 GLOBAL HVAC EQUIPMENT PRODUCTION IN MILLION TONS (2004-2011)
TABLE 15 GLOBAL HERMETIC ELECTRIC MOTORS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 16 GLOBAL ELECTRIC MOTORS MARKET BY OUTPUT POWER, 2013 – 2020 ($MILLION)
TABLE 17 GLOBAL INTEGRAL HORSEPOWER MOTOR SUPPLIERS
TABLE 18 GLOBAL ELECTRIC MOTORS IHP MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 19 GLOBAL FRACTIONAL HORSEPOWER MOTORS SUPPLIERS
TABLE 20 GLOBAL ELECTRIC MOTORS FHP MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 21 GLOBAL ELECTRIC MOTORS MARKET BY APPLICATIONS, 2013 – 2020 ($MILLION)
TABLE 22 GLOBAL ELECTRIC MOTORS APPLICATIONS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 23 GLOBAL ELECTRIC MOTORS MARKET IN INDUSTRIAL MACHINERY APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 24 GLOBAL ELECTRIC MOTORS MARKET IN MOTOR VEHICLES APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 25 GLOBAL ELECTRIC MOTORS MARKET IN HVAC APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 26 GLOBAL ELECTRIC MOTORS MARKET IN HOUSEHOLD APPLIANCES APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 27 GLOBAL ELECTRIC MOTORS MARKET IN HOUSEHOLD APPLIANCES APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 28 GLOBAL ELECTRIC MOTORS MARKET IN OTHER COMMERCIAL APPLICATIONS BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 29 GLOBAL ELECTRIC MOTORS APPLICATIONS MARKET BY GEOGRAPHY, 2013 – 2020 ($MILLION)
TABLE 30 NORTH AMERICA ELECTRIC MOTORS MARKET BY APPLICATIONS, 2013 – 2020 ($MILLION)
TABLE 31 SALES OF ELECTRIC AND HYBRID CARS IN EUROPEAN COUNTRIES (FIRST HALF OF 2013 AND FIRST HALF OF 2014)
TABLE 32 EUROPE ELECTRIC MOTORS MARKET BY APPLICATIONS, 2013 – 2020 ($MILLION)
TABLE 33 ASIA PACIFIC ELECTRIC MOTORS MARKET BY APPLICATIONS, 2013 – 2020 ($MILLION)
TABLE 34 LAMEA ELECTRIC MOTORS MARKET BY APPLICATIONS, 2013 – 2020 ($MILLION)
TABLE 35 AMETEK INC COMPANY SNAPSHOT
TABLE 36 ALLIED MOTION TECHNOLOGIES, INC COMPANY SNAPSHOT
TABLE 37 BALDOR ELECTRIC COMPANY, INC COMPANY SNAPSHOT
TABLE 38 SIEMENS COMPANY SNAPSHOT
TABLE 39 JOHNSON ELECTRIC HOLDINGS LTD COMPANY SNAPSHOT
TABLE 40 ROCKWELL AUTOMATION, INC COMPANY SNAPSHOT
TABLE 41 FRANKLIN ELECTRIC CO., INC COMPANY SNAPSHOT
TABLE 42 ASMO CO., LTD COMPANY SNAPSHOT
TABLE 43 ARC SYSTEMS, INC COMPANY SNAPSHOT
TABLE 44 BROOK CROMPTON UK LTD COMPANY SNAPSHOT FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO(2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020 - 2025)
FIG. 4 ENERGY CONSUMPTION BY VARIOUS INDUSTRIAL APPLIANCES IN KILOWATT HOUR PER SQUARE FOOT (KWH/SQ FT)
FIG. 5 PERCENTAGE DISTRIBUTION OF WORLD BY CARBON DIOXIDE EMISSION FROM FUEL COMBUSTION, 2011
FIG. 6 INCREASE IN THE SALES OF AIR CONDITIONING UNITS INTEGRATED WITH ENERGY EFFICIENT MOTORS ( MILLION UNITS, 2013)
FIG. 7 PURCHASE COST VS ENERGY COST OF STANDARD AND HIGH EFFICIENCY MOTORS ($MILLION)
FIG. 8 IMPACT ANALYSIS OF FACTORS EFFECTING THE GLOBAL ELECTRIC MOTORS MARKET
FIG. 9 TOP INVESTMENT POCKETS
FIG. 10 TOP WINNING STRATEGIES
FIG. 11 TOP WINING STRATEGIES ANALYSIS
FIG. 12 VALUE CHAIN OF ELECTRIC MOTORS MARKET
FIG. 13 MARKET SHARE OF TOP COMPANIES IN GLOBAL ELECTRIC MOTORS MARKET
FIG. 14 ELECTRICITY CONSUMPTION BY INDUSTRIES IN U.S. (2013)
FIG. 15 COMPARISON OF THE STANDARD MOTORS AND ENERGY EFFICIENT MOTORS
FIG. 16 THE SALES OF HYBRID CARS AND MARKET SHARE IN US, 1999-2012
FIG. 17 INCREASE IN THE SALES OF REFRIGERATOR UNITS WITH THE USE OF ENERGY EFFICIENT MOTORS ($MILLIONS, 2013)
FIG. 18 GLOBAL INCREASE IN AUTOMOBILE PRODUCTION 1997-2011( MILLION UNITS)
FIG. 19 MOTOR SPEED (RPM) VS. POWER CONSUMPTION
FIG. 20 GLOBAL AUTOMOBILE PRODUCTION 1997-2011( MILLION UNITS)
FIG. 21 GLOBAL HVAC EQUIPMENT’S PRODUCTION IN MILLION (2004-2011)
FIG. 22 ELECTRICITY CONSUMPTION OUT OF DELIVERED ENERGY IN INDUSTRIAL SECTOR (U.S., 2012)
FIG. 23 GLOBAL ELECTRICITY DEMAND BY END USE IN PERCENTAGE (2011)
FIG. 24 PLUG-IN VEHICLE SALES IN U.S. AND CHINA (2011 - 2015)
FIG. 25 AMETEK’S REVENUE (2011-2013, $MILLION)
FIG. 26 AMTEK COMPANY REVENUE BY SEGMENT(2013)
FIG. 27 SWOT ANALYSIS OF AMETEK, INC.
FIG. 28 ALLIED MOTION TECHNOLOGIES REVENUE INC (2011 – 2013, $MILLION)
FIG. 29 SWOT ANALYSIS OF ALLIED MOTION TECHNOLOGIES, INC.
FIG. 30 BALDOR ELECTRIC COMPANY REVENUE INC (2011-2013, $MILLION)
FIG. 31 SWOT ANALYSIS OF BALDOR ELECTRIC COMPANY
FIG. 32 SIEMENS COMPANY REVENUE INC (2012-2013, $MILLION)
FIG. 33 SWOT ANALYSIS OF SIEMENS
FIG. 34 JOHNSON ELECTRIC HOLDINGS LTD. COMPANY REVENUE INC (2012-2013, $MILLION)
FIG. 35 JOHNSON ELECTRIC HOLDINGS LTD COMPANY REVENUE BY SEGMENT(2013)
FIG. 36 SWOT ANALYSIS OF JOHNSON ELECTRIC HOLDINGS LTD.
FIG. 37 ROCKWELL AUTOMATION COMPANY REVENUE INC (2010-2013, $MILLION)
FIG. 38 ROCKWELL AUTOMATION REVENUE BY SEGMENT(2013)
FIG. 39 SWOT ANALYSIS OF ROCKWELL AUTOMATION
FIG. 40 FRANKLIN ELECTRIC COMPANY REVENUE (2011-2013, $MILLION)
FIG. 41 FRANKLIN ELECTRIC REVENUE BY SEGMENT (2013)
FIG. 42 SWOT ANALYSIS OF FRANKLIN ELECTRIC CO LTD
FIG. 43 SWOT ANALYSIS OF ASMO CO LTD.
FIG. 44 SWOT ANALYSIS OF ARC SYSTEMS, INC
FIG. 45 SWOT ANALYSIS OF BROOK CROMPTON UK LT
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