HOME Top Market Reports Electric Motor Sales Market by Type (AC and DC), Voltage (< 1 kV, 1 kV–6.6 kV, and > 6.6 kV), Output Power (< 1 hp and > 1 hp), End-User (Industrial, Commercial, Residential, Transportation, and Agriculture), and Region - Global Forecast to 2021

Electric Motor Sales Market by Type (AC and DC), Voltage (< 1 kV, 1 kV–6.6 kV, and > 6.6 kV), Output Power (< 1 hp and > 1 hp), End-User (Industrial, Commercial, Residential, Transportation, and Agriculture), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: EP 3882

 

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The global electric motor sales market is expected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Factors driving the electric motor sales market include growing motorized automation across major industries, increasing motor-driven household appliances, continuously growing agricultural sector, strong automobile production, and transition toward energy-efficient motors.

Objectives of the study

  • To define, describe, and forecast the global electric motor sales market on the basis of voltage, output power, end-user, type, and region
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the electric motor sales market with respect to individual growth trends of manufacturers and service providers, their future expansions, and contribution to the market
  • To forecast the growth of the electric motors market with respect to the main regions (Asia-Pacific, Europe, North America, South America, and the Middle East & Africa)
  • To strategically profile key market players and comprehensively analyze their market shares and core competencies
  • To track and analyze market opportunities for stakeholders and details of competitive developments, such as contracts & agreements, mergers & acquisitions, expansions, and new product/technology launch in the global electric motor sales market

The years considered for the study are as follows:

  • Historical Year: 2014
  • Base Year: 2015
  • Estimated Year: 2016
  • Projected Year: 2021
  • Forecast Period: From 2016 to 2021

For company profiles in the report, 2015 has been used as the base year.

Research Methodology

This research study involved extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial study of the electric motor sales market. The points mentioned below explain the research methodology applied in making this report.

  • Analysis of all the operational and upcoming infrastructural projects across the world
  • Analysis of country-wise industrial growth rate for the past 5 years
  • Estimation of cost of electric motors in various regions using the cost-variant models
  • Analyzing market trends in various regions/countries supported by the on-going industrial activities and rising automobile production
  • Overall market size values are finalized by triangulation with the supply-side data which include the product developments, supply chain, and annual shipments of electric motors across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

Electric Motor Sales Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The electric motor sales market starts with components which include rotor, stator, drive shaft, cooling fan, brushes, wires, and bearings among others. Manufacturing of electric motors takes place when all components are processed. The motors are then distributed to large-scale industries and commercial facilities.

Electric Motor Sales Market

Stakeholders

The stakeholders included in this report are as follows:

  • Consulting Companies in the Energy Sector
  • Electric Motor Equipment Manufacturers
  • Electric Motor Manufacturing Companies
  • Energy Associations
  • Environmental Associations
  • Government and Research Organizations
  • Investment Banks
  • Power Companies

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next 2–5 years for prioritizing efforts and investments.”

Scope of the report

  • By Type:
    • AC Motors
    • DC Motors
  • By Voltage:
    • < 1 kV (Low)
    • 1 kV–6.6 kV (Medium)
    • > 6.6 kV (High)
  • By Output Power
    • < 1 hp (Fractional horsepower)
    • > 1 hp (Integral horsepower)
  • By End-User
    • Industrial
      • Mining & Metals
      • Oil & Gas
      • Chemicals & Petrochemicals
      • Cement & Manufacturing
      • Utilities
      • Others
    • Commercial
    • Residential
    • Transportation
    • Agriculture
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 27)
    3.1 Introduction
    3.2 Historical Backdrop & Evolution
    3.3 Technology Overview
           3.3.1 Energy-Efficient Motors
           3.3.2 Technology
           3.3.3 Standards
    3.4 Current Scenario
    3.5 Future Outlook
    3.6 Conclusion

4 Premium Insights (Page No. - 35)
    4.1 Electric Motor Sales Market, By Type
    4.2 Electric Motor Sales Market, By Output Power
    4.3 Electric Motor Sales Market, By Voltage
    4.4 Electric Motor Sales Market, By End-User
    4.5 Electric Motor Sales Market: Type vs Output Power
    4.6 Asia-Pacific: the Largest Market During the Forecast Period

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Voltage
           5.2.3 By End-User
           5.2.4 By Region
           5.2.5 By Output Power
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increased Usage of Electric Motors Across Major Industries
                               5.3.1.1.1 Continued Growth in Automobile Production
                    5.3.1.2 Growth in Commercial and Residential Sectors
                               5.3.1.2.1 Rising Demand for Hvac Applications
                               5.3.1.2.2 Increasing Motor-Driven Household Appliances
                    5.3.1.3 Buoyant Growth in Agricultural Sector
                    5.3.1.4 Transition Toward Energy-Efficient Motors
           5.3.2 Restraints
                    5.3.2.1 High Maintenance Cost for Brushed DC Motors
                    5.3.2.2 Portability Issue With Heavy Motors
           5.3.3 Opportunities
                    5.3.3.1 Huge Market Potential for Electric Vehicles in Emerging Countries
                    5.3.3.2 Growing Robotics Technology
           5.3.4 Challenges
                    5.3.4.1 Gray Market Providing Low-Quality & Inexpensive Products
                    5.3.4.2 Conventional Motor Design
                    5.3.4.3 Motor Failure Due to Overheating

6 Electric Motor Sales Market, By Type (Page No. - 50)
    6.1 Introduction
    6.2 AC Motors
           6.2.1 Induction Motor
           6.2.2 Synchronous Motor
    6.3 DC Motors
           6.3.1 Permanent Magnet Motor
           6.3.2 Series Motor
           6.3.3 Shunt Motor
           6.3.4 Compound Motor

7 Electric Motor Sales Market, By Voltage (Page No. - 55)
    7.1 Introduction
    7.2 < 1 kV Motors
    7.3 1 kV–6.6 kV Motors
    7.4 > 6.6 kV Motors

8 Electric Motor Sales Market, By Output Power (Page No. - 60)
    8.1 Introduction
    8.2 < 1 HP Motors
    8.3 > 1 HP Motors

9 Electric Motor Sales Market, By End-User (Page No. - 64)
    9.1 Introduction
    9.2 Industrial
           9.2.1 Mining & Metals
           9.2.2 Chemicals & Petrochemicals
           9.2.3 Oil & Gas
           9.2.4 Cement & Manufacturing
           9.2.5 Utilities
    9.3 Commercial
    9.4 Residential
    9.5 Agriculture
    9.6 Transportation

10 Electric Motor Sales Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 By Type
             10.2.2 By Voltage
             10.2.3 By Output Power
             10.2.4 By End-User
             10.2.5 By Country
                        10.2.5.1 China
                        10.2.5.2 Japan
                        10.2.5.3 India
                        10.2.5.4 South Korea
                        10.2.5.5 Australia
                        10.2.5.6 Rest of Asia-Pacific
     10.3 Europe
             10.3.1 By Type
             10.3.2 By Voltage
             10.3.3 By Output Power
             10.3.4 By End-User
             10.3.5 By Country
                        10.3.5.1 Russia
                        10.3.5.2 Germany
                        10.3.5.3 U.K.
                        10.3.5.4 France
                        10.3.5.5 Italy
                        10.3.5.6 Rest of Europe
     10.4 North America
             10.4.1 By Type
             10.4.2 By Voltage
             10.4.3 By Output Power
             10.4.4 By End-User
             10.4.5 By Country
                        10.4.5.1 U.S.
                        10.4.5.2 Canada
                        10.4.5.3 Mexico
                        10.4.5.4 Rest of North America
     10.5 South America
             10.5.1 By Type
             10.5.2 By Voltage
             10.5.3 By Output Power
             10.5.4 By End-User
             10.5.5 By Country
                        10.5.5.1 Brazil
                        10.5.5.2 Argentina
                        10.5.5.3 Venezuela
                        10.5.5.4 Colombia
                        10.5.5.5 Chile
                        10.5.5.6 Rest of South America
     10.6 Middle East & Africa
             10.6.1 By Type
             10.6.2 By Voltage
             10.6.3 By Output Power
             10.6.4 By End-User
             10.6.5 By Country
                        10.6.5.1 Saudi Arabia
                        10.6.5.2 Uae
                        10.6.5.3 Kuwait
                        10.6.5.4 Egypt
                        10.6.5.5 South Africa
                        10.6.5.6 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 108)
     11.1 Overview
     11.2 Competitive Situation & Trends
     11.3 New Product Launches
     11.4 Contracts & Agreements
     11.5 Mergers & Acquisitions
     11.6 Expansions

12 Company Profiles (Page No. - 115)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     12.1 Introduction
     12.2 ABB Ltd.
     12.3 Siemens AG
     12.4 General Electric Company
     12.5 Nidec Corporation
     12.6 Denso Corporation
     12.7 Allied Motion Technologies, Inc.
     12.8 Ametek, Inc.
     12.9 Bosch Group
     12.10 Emerson Electric Co.
     12.11 Hitachi, Ltd.
     12.12 Johnson Electric Holdings Limited
     12.13 Regal Beloit Corporation
     12.14 Rockwell Automation
     12.15 WEG
     12.16 ARC Systems, Inc.
     12.17 Baldor Electric Co.
     12.18 Toshiba International Corporation

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 165)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Developments
     13.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.5 Introducing RT: Real-Time Market Intelligence
     13.6 Available Customizations
     13.7 Related Reports


List of Tables (82 Tables)

Table 1 Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 2 AC Motors: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 3 AC Motors: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 4 DC Motors: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 5 DC Motors: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 6 Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 7 < 1 kV: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 8 1 kV–6.6 kV: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 9 > 6.6 kV: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 10 Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Billion)
Table 11 < 1 HP: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 12 > 1 HP: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 13 Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Billion)
Table 14 Industrial: Electric Motor Sales Market Size, By Sector, 2014–2021 (USD Billion)
Table 15 Industrial: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 16 Commercial: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 17 Residential: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 18 Agriculture: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 19 Transportation: Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 20 Electric Motor Sales Market Size, By Region, 2014–2021 (USD Billion)
Table 21 Asia-Pacific: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 22 Asia-Pacific: Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 23 Asia-Pacific: Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Billion)
Table 24 Asia-Pacific: Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Billion)
Table 25 Asia-Pacific: Electric Motor Sales Market Size, By Country, 2014–2021 (USD Billion)
Table 26 China: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 27 Japan: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 28 India: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 29 South Korea: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 30 Australia: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 31 Rest of Asia-Pacific: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 32 Europe: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 33 Europe: Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 34 Europe: Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Billion)
Table 35 Europe: Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Billion)
Table 36 Europe: Electric Motor Sales Market Size, By Country, 2014–2021 (USD Billion)
Table 37 Russia: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 38 Germany: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 39 U.K.: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 40 France: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 41 Italy: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 42 Rest of Europe: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 43 North America: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 44 North America: Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 45 North America: Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Billion)
Table 46 North America: Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Billion)
Table 47 North America: Electric Motor Sales Market Size, By Country, 2014–2021 (USD Billion)
Table 48 U.S.: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 49 Canada: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 50 Mexico: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 51 Rest of North America: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 52 South America: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 53 South America: Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 54 South America: Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Million)
Table 55 South America: Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Million)
Table 56 South America: Electric Motor Sales Market Size, By Country, 2014–2021 (USD Million)
Table 57 Brazil: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 58 Argentina: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 59 Venezuela: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 60 Colombia: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 61 Chile: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 62 Rest of South America: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 63 Middle East & Africa: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Billion)
Table 64 Middle East & Africa: Electric Motor Sales Market Size, By Voltage, 2014–2021 (USD Billion)
Table 65 Middle East & Africa: Electric Motor Sales Market Size, By Output Power, 2014–2021 (USD Billion)
Table 66 Middle East & Africa: Electric Motor Sales Market Size, By End-User, 2014–2021 (USD Million)
Table 67 Middle East & Africa: Electric Motor Sales Market Size, By Country, 2014–2021 (USD Billion)
Table 68 Saudi Arabia: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 69 Uae: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 70 Kuwait: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 71 Egypt: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 72 South Africa: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 73 Rest of Middle East & Africa: Electric Motor Sales Market Size, By Type, 2014–2021 (USD Million)
Table 74 New Product Launches, 2015–2016
Table 75 Contracts & Agreements, 2015–2016
Table 76 Mergers & Acquisitions, 2013–2016
Table 77 Expansions, 2013–2016
Table 78 New Product Launches, 2011–2015
Table 79 Contracts & Agreements, 2011–2016
Table 80 Mergers & Acquisitions, 2011–2015
Table 81 Expansions, 2011–2013
Table 82 Other Developments, 2011–2016


List of Figures (55 Figures)

Figure 1 Electric Motor Sales Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Evolution of the Electric Motor Sales Market
Figure 7 Asia-Pacific Region Dominated the Electric Motor Sales Market in 2015
Figure 8 Asia-Pacific is A Potential Market for Electric Motor Sales During the Forecast Period
Figure 9 AC Motors Segment is Expected to Dominate the Electric Motor Sales Market, 2016–2021
Figure 10 Industrial Market Size, By End-User, 2016–2021 (USD Million)
Figure 11 Electric Motor Sales Market Size, By Output Power, 2016–2021 (USD Million)
Figure 12 Electric Motor Sales Market Size, By Voltage, 2016–2021 (USD Million)
Figure 13 Attractive Market Opportunities in the Electric Motor Sales Market
Figure 14 Electric Motor Sales Market, By Type, 2016–2021
Figure 15 > 1 HP Segment is Expected to Dominate the Electric Motor Sales Market, 2016–2021
Figure 16 < 1 kV is the Largest Voltage Segment in the Electric Motor Sales Market, 2016–2021
Figure 17 Industrial Sector is the Fastest Growing End-User Segment in the Electric Motor Sales Market, 2016–2021
Figure 18 AC Motors & > 1 HP Segments Hold the Largest Market Share in 2016
Figure 19 Electric Motor Sales Market Share (Value), By Country, 2016
Figure 20 Electric Motor Sales: Market Segmentation
Figure 21 Increased Usage of Electric Motors Across Major Industries is Expected to Drive the Electric Motor Sales Market
Figure 22 Worldwide Automobile Production, Million Units, 2010–2015
Figure 23 Global Electric Vehicle Sales, 2010–2014
Figure 24 Estimated Worldwide Annual Supply of Industrial Robots
Figure 25 AC Motors Segment is Expected to Dominate the Electric Motor Sales Market By 2021
Figure 26 < 1 kV Segment is Expected to Dominate the Electric Motor Sales Market By 2021
Figure 27 > 1 HP Segment is Expected to Dominate the Electric Motor Sales Market By 2021
Figure 28 Industrial End-User Segment is Expected to Dominate the Electric Motor Sales Market By 2021
Figure 29 Electric Motor Sales Market, By Region, 2015
Figure 30 Regional Snapshot: Growth Rate of the Electric Motor Sales Market in Important Countries, From 2016 to 2021
Figure 31 Regional Snapshot: Asia-Pacific Offered Attractive Market Opportunities in 2015
Figure 32 Regional Snapshot: Europe Was the Second Largest Market in 2015
Figure 33 Companies Adopted Various Growth Strategies From 2012 to 2015
Figure 34 Battle for Market Share: New Product Launch Was the Key Strategy Adopted By Top Players, 2012–2015
Figure 35 Market Evolution Framework: New Product Launch Supplemented Market Growth, 2012–2015
Figure 36 Region-Wise Mix of the Prominent Market Players
Figure 37 ABB Ltd.: Company Snapshot
Figure 38 ABB Ltd.: SWOT Analysis
Figure 39 Siemens AG: Company Snapshot
Figure 40 Siemens AG: SWOT Analysis
Figure 41 General Electric Company: Company Snapshot
Figure 42 General Electric Company: SWOT Analysis
Figure 43 Nidec Corporation: Company Snapshot
Figure 44 Nidec Corporation: SWOT Analysis
Figure 45 Denso Corporation: Company Snapshot
Figure 46 Denso Corporation: SWOT Analysis
Figure 47 Allied Motion Technologies, Inc.: Company Snapshot
Figure 48 Ametek, Inc.: Company Snapshot
Figure 49 Bosch Group: Company Snapshot
Figure 50 Emerson Electric Co.: Company Snapshot
Figure 51 Hitachi, Ltd.: Company Snapshot
Figure 52 Johnson Electric Holdings Limited: Company Snapshot
Figure 53 Regal Beloit Corporation.: Company Snapshot
Figure 54 Rockwell Automation: Company Snapshot
Figure 55 WEG: Company Snapshot

The electric motor sales market is projected to grow at a CAGR of 6.26% from 2016 to 2021 to reach USD 127.63 Billion by 2021. Increasing demand for power utilities and automobile production along with the rise in commercial and residential infrastructure growth, especially in the developing economies, are the major factors for driving the market.

Electric motors are widely used in all the sectors and the global production of electric motors are drastically increased in recent years due to increase in the utilization of motors for maximum output from the major sectors such as industrial, agriculture, residential, commercial, and transportation. The electric motor sales market is classified by type into AC and DC motors. AC motors are the fastest growing segment in the electric motor sales market. With increasing applications in end-user industries such as, transportation, chemicals, and many others, the AC motors segment is expected to dominate the market till 2021.

The market is further classified on the basis of voltage into < 1 kV (low), 1 kV–6.6 kV (medium), and > 6.6 kV (high). < 1 kV electric motor segment is expected to dominate the market followed by 1 kV–6.6 kV, and > 6.6 kV electric motor segments, respectively.

In this report, the electric motor sales market has been analyzed with respect to the following regions, namely, Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Asia-Pacific is currently the largest market for electric motors, and it is projected to grow at the highest CAGR during the forecast period. China accounted for the majority share in Asia-Pacific in 2016. In Asia-Pacific, the growth of the electric motor sales market can be attributed to factors such as buoyant growth in the agriculture sectors, massive investments in industrialization, and upgrading and replacing aging infrastructure. These factors are driving the electric motor sales market in this region. The figure given below shows the regional scenario of the electric motor sales market from 2016 to 2021.

Electric Motor Sales Market

Heavy electric motors are majorly used in electric vehicles, elevator & hoists, steel rolling mills, machine tools, and all other heavy industrial activities; however, these are not easily portable. This has proved to be a restraining factor for heavy motors. But this factor can be overcome by improving the standards of transportation of heavy motors which in turn can improve the revenue sales of these electric motors.

Some of the leading players in the electric motor sales market include ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Nidec Corporation (Japan), Denso Corporation (Japan), Bosch Group (Germany), Emerson Electric Co. (U.S.), and WEG (Brazil). New product launch was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. It was followed by new contracts & agreements, mergers & acquisitions, and expansions, respectively.

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