Electric Motor Market

Electric Motor Market by Type (AC,DC), Power Rating (<1KW, 1-2.2KW, 2.2-375 KW, >375KW), End User (Industrial, Commercial, Residential, Transportation, and Agriculture), Rotor Type, Output Power, and Region - Global Forecast to 2026

Report Code: EP 3882 Nov, 2020, by marketsandmarkets.com

[ 223 Pages Report] The electric motor market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving growth in the electric motor market during the forecast period.

Electric Motor Market

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COVID-19 Impact on the Global Electric Motor Market

The most significant near-term impact on electric motors that are already contracted or in the manufacturing process will be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because nations have shuttered industries to slow the spread of coronavirus or because the workers have tested positive. Many components and parts for manufacturing electric motors come from China, the US and some parts of Europe. Manufacturing disruptions in China and the US could contribute to a significant fall in the electric motor market over the next one or two years.

Due to the COVID-19 pandemic, local currencies of many countries have depreciated. There is misalignment of supply and demand, leading to financial losses for components/parts manufacturers. Key components used in manufacturing electric motors are typically procured in US dollars, which results in increased component cost.

Electric Motor Market Dynamics

Driver: Increased demand for HVAC systems in residential, commercial, and industrial end-users

Heating, ventilation, and air conditioning (HVAC) systems provide thermal comfort and ensure the air quality in indoor spaces. They are one of the core building blocks of modern infrastructures, especially for large office buildings or shopping malls. Electric DC motors are widely used in HVAC systems to achieve high efficiency in airflow systems and maximize their life and power. The demand for HVAC systems is increasing in Asia Pacific, especially in China and India, owing to the continuous growth in their industrial and commercial sectors. According to a report by Timetric Construction Intelligence Center (CIC), a market intelligence company, ~USD 1.08 trillion is expected to be invested in the global construction sector, especially for the development of industrial buildings during the next four to five years, thereby boosting growth of the overall electric motor market.

Restraints:Fluctuating prices of raw materials from China

The prices of raw materials such as permanent magnets, steel bars, copper wires, and precision thin metals such as specialty alloys, which are used to make electric motors, are controlled by a few manufacturers in China. There is not much product differentiation and the price of the product determines the dominance of certain suppliers in the market. The resulting price fluctuations have to be borne by the other manufacturers/suppliers in the market. For instance, when manufacturers and suppliers face fluctuations in the prices of rare-earth permanent magnets during the manufacturing processes, they are unable to pass the price change to end-use customers. Hence, the profit margins of raw material suppliers are negatively affected, in turn, impacting the growth of the global electric motor market.

Opportunities: Transition of global automotive industry toward electric vehicles

The global automotive industry is transitioning toward electric mobility with significant changes in electric vehicle technology. In Europe, the proactive measures taken for the decarbonization of society are leading to the increased adoption of electrical vehicles that use electric motors. Advancements in battery technologies have lowered battery costs and improved their charging speed. Increasing government support in the form of tax redemptions and incentives to promote eco-friendly electric vehicles that use electric motors are also acting as opportunities for the growth of the electric motor market. According to IEA, China is expected to account for 50% of the global passenger electrical vehicles by 2025.

Challenges: Easy availability of low-quality and inexpensive electric motors

The electric motor market is highly fragmented, featuring a large number of local and international players.  Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of electric motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality electric motors. This acts as a key challenge for the growth of the market. 

Market Interconnection

Electric Motor Market

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By output power, the above 1 HP motors segment is the largest contributor in the electric motor market in 2019.

The above 1 hp motors segment segment is expected to lead the electric motor market from 2020 to 2026. Electric motors are used in various end user applications owing to their compactness, light weight, and low maintenance requirements. The installation of electric motors in industrial and transportation end user applications is expected to show high growth.

By industrial segment, by end-user is expected to be the largest contributor in the electric motor market during the forecast period.

The industrial segment is expected to lead the electric motor market from 2020 to 2026. This sector provides good scope for motor manufacturers, as most industries depend on motorized automation.  The segment includes the utilities, oil & gas, cement & manufacturing, metal and mining, oil & gas, renewables,  petrochemicals & chemicals, water & wastewater, and paper & pulp industries, all of which use electric motors for pumps, boilers, compressors, and other applications, at various process stages.

By rotor type, the inner rotor segment is expected to be the largest contributor during the forecast period.

The inner rotor segment is estimated to grow at a faster rate from 2020 to 2026. In inner rotor type motors, rotors are positioned at the center and surrounded by stator winding. These motors are used in the manufacturing, automotive, and consumer electronics industries for robotics, CNC machines, automatic door openers, and metal cutting and forming machine applications. These applications require motors that can carry out fast acceleration and deceleration of speed, offer high starting torque, have reversible action capability, and are compact. According to the IEA, EV Outlook 2020, the global sales of electric cars reached 2 million in 2019, 40% higher than in 2018. This indicates the increased demand for electric vehicles and their accelerated manufacturing in coming years, which  in turn, is expected to fuel the demand for inner rotor electric motors. 

Electric Motor Market

Asia Pacific is expected to account for the largest market size during the forecast period.

Asia Pacific is expected to be the largest electric motor market during the forecast period. Asia Pacific comprises China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. With the rapid industrialization, the countries in Asia Pacific are moving toward internet-based industrial operations in each sector. According to the GSM Association, the developed countries in Asia Pacific, such as South Korea, Japan, and Australia, are increasingly exploring the potential of innovative services and connected devices. The automotive sector in the region is also booming.  Asia Pacific is the largest producer of automobiles in the world. In 2018, the region manufactured more than 50 million commercial vehicles. These factors are expected to drive the growth of the market in Asia Pacific 

Key Market Players

ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), and WEG (Brazil). These companies adopted expansion strategies and used mergers & acquisitions to gain traction in the electric motor market.

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Scope of the Report

 

Report Metric

Details

Market Size available for years

2018–2026

Base year considered

2019

Forecast period

2020–2026

Forecast units

Value (USD)

Segments covered

By type, power rating, output power, rotor type, end user and region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies covered

ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), WEG (Brazil), Johnson Electric (China), Regal Beloit Corporation (US), Toshiba Corporation (Japan), TECO Electric & Machinery (Taiwan), Hyosung Heavy Industries (South Korea), and others

This research report categorizes the electric motor market-based on by type, power rating, output power, rotor type, end-user, and region. 

Based on type, the market has been segmented as follows:

  • AC
  • DC

Based on power rating, the market has been segmented as follows:

  • <1 KW
  • 1-2.2 KW
  • 2-375 KW
  • >375 KW

Based on output power, the market has been segmented as follows:

  • <1 HP
  • >1 HP

Based on rotor type, the market has been segmented as follows:

  • Inner Rotor
  • Outer Rotor

Based on end user, the market has been segmented as follows:

  • Industrial
  • Residential
  • Commercial
  • Agriculture
  • Transportation 

Based on the region, the market has been segmented as follows:

  • North America
  • Asia Pacific
  • South America
  • Europe
  • Middle East & Africa 

Recent Developments 

  • In March 2020, Wolong Electric, a subsidiary of Wolong, acquired GE's small industrial motors business for USD 160 million. This acquisition is expected to help Wolong gain a leading position in terms of market share
  • In February 2020, Nidec Corporation launched two new traction motor systems -- the 200 kW Ni200Ex and 50 kW Ni50Ex -- based on the company’s original 150 kW E-Axle (fully integrated traction motor system with an electric motor, reduction gearbox, and inverter).
  • In October 2019,WEG installed a low voltage electric motor plant in Hosur, India. The new 13,000 square meter facility is capable of producing 250,000 electric motors per year.
  • In May 2019, Allied Motion Technologies introduced the EnduraMax 75i Series, brushless DC motor with an all-digital integrated drive. The EnduraMax 75i Series brushless DC motor is used in a wide range of commercial/industrial applications including AGV vehicle traction or steering, medical patient-handling equipment, rotary/linear actuators, pumps, mobile HVAC blowers, and material handling systems.
  • In January 2018, TECO Westinghouse (Canada), a subsidiary of TECO Electric & Machinery, announced a new distribution partnership with Westech Industrial. This new partnership is likely to help TECO Westinghouse (Canada) gain access to new and uncharted markets in Canada. 

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS 
 
1 INTRODUCTION  (Page No. - 30)
    1.1 OBJECTIVES OF THE STUDY
    1.2 DEFINITION
           1.2.1 ELECTRIC MOTOR MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS
           1.2.2 MARKET BY END USER: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY  (Page No. - 35)
    2.1 RESEARCH DATA
 FIGURE 1 ELECTRIC MOTOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
 FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 SCOPE
 FIGURE 3 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING  DEMAND FOR THE MARKET
    2.4 MARKET SIZE ESTIMATION
           2.4.1 DEMAND-SIDE ANALYSIS
   FIGURE 4 ELECTRIC MOTOR MARKET: REGION-WISE ANALYSIS
                    2.4.1.1 Calculation
                    2.4.1.2 Assumptions
           2.4.2 SUPPLY-SIDE ANALYSIS
   FIGURE 5 ELECTRIC MOTOR MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Calculations
       FIGURE 6 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF ELECTRIC MOTORS
                    2.4.2.2 Assumptions
       FIGURE 7 COMPANY REVENUE ANALYSIS, 2019
           2.4.3 FORECAST

3 EXECUTIVE SUMMARY  (Page No. - 44)
    3.1 SCENARIO ANALYSIS
 FIGURE 8 SCENARIO ANALYSIS: MARKET, 2020-2026
           3.1.1 OPTIMISTIC SCENARIO
           3.1.2 REALISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
   TABLE 1 ELECTRIC MOTOR MARKET SNAPSHOT
   FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2019
   FIGURE 10 AC MOTORS SEGMENT EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF MARKET, BY TYPE, DURING FORECAST PERIOD
   FIGURE 11 INNER ROTOR SEGMENT EXPECTED TO CONTINUE TO HOLD LARGER SHARE OF MARKET, BY ROTOR TYPE, DURING FORECAST PERIOD
   FIGURE 12 > 1 HP MOTORS SEGMENT EXPECTED TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY OUTPUT POWER, DURING FORECAST PERIOD
   FIGURE 13 <1 KW SEGMENT EXPECTED TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY POWER RATING, DURING FORECAST PERIOD
   FIGURE 14 INDUSTRIAL SEGMENT EXPECTED TO CONTINUE TO DOMINATE MARKET, BY END USER, DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC MOTOR MARKET
 FIGURE 15 GROWING EMPHASIS ON RENEWABLE ENERGY AND ELECTRIC VEHICLE INTEGRATION IS EXPECTED TO DRIVE MARKET  DURING 2020-2026
    4.2 ELECTRIC MOTOR MARKET, BY REGION
 FIGURE 16 MARKET IN ASIA PACIFIC EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET IN ASIA PACIFIC, BY POWER RATING & COUNTRY
 FIGURE 17 <1 KW AND CHINA HELD LARGEST SHARES OF MARKET IN ASIA PACIFIC, BY POWER RATING AND COUNTRY, RESPECTIVELY, IN 2019
    4.4 MARKET, BY ROTOR TYPE
 FIGURE 18 INNER ROTOR SEGMENT PROJECTED TO CONTINUE TO DOMINATE MARKET, BY ROTOR TYPE, IN 2026
    4.5 MARKET, BY TYPE
 FIGURE 19 AC SEGMENT EXPECTED TO HOLD LARGER SHARE OF MARKET, BY TYPE, IN 2026
    4.6 MARKET, BY END USER
 FIGURE 20 INDUSTRIAL SEGMENT LIKELY TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY END USER, IN 2026

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
 FIGURE 21 COVID-19 GLOBAL PROPAGATION
 FIGURE 22 COVID-19 PROPAGATION IN SELECTED COUNTRIES
    5.3 ROAD TO RECOVERY
 FIGURE 23 RECOVERY ROAD FOR 2020 & 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
 FIGURE 24 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
 FIGURE 25 ELECTRIC MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,   AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increased demand for HVAC systems among residential, commercial, and industrial end users
                    5.5.1.2 Growing use of electric motors across major industries
                    5.5.1.3 Rising demand for energy-efficient and low-cost maintenance motors
           5.5.2 RESTRAINTS
                    5.5.2.1 Fluctuating prices of raw material from China
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Transition of global automotive industry toward electric vehicles
       FIGURE 26 WORLDWIDE AUTOMOBILE PRODUCTION, MILLION UNIT, 2015-2019
                    5.5.3.2 Emerging robotics technology will increase demand for  electric motors
           5.5.4 CHALLENGES
                    5.5.4.1 Easy availability of low-quality and inexpensive electric motors
                    5.5.4.2 Shortage of components and parts due to COVID-19 leading to higher product cost
       TABLE 2 REGION/COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS  DUE TO COVID-19
    5.6 YC SHIFT
           5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR ELECTRIC VEHICLE MANUFACTURERS
   FIGURE 27 REVENUE SHIFT FOR ELECTRIC MOTORS
    5.7 AVERAGE SELLING PRICE TREND
 FIGURE 28 AVERAGE SELLING PRICE OF ELECTRIC MOTORS
    5.8 ECOSYSTEM MARKET MAP
 FIGURE 29 ECOSYSTEM MARKET MAP
    5.9 VALUE CHAIN ANALYSIS
 FIGURE 30 ELECTRIC MOTOR VALUE CHAIN
           5.9.1 RAW MATERIAL PROVIDERS
           5.9.2 ORIGINAL EQUIPMENT MANUFACTURERS
           5.9.3 ASSEMBLERS/MANUFACTURERS
           5.9.4 DISTRIBUTORS
           5.9.5 END USERS
    5.1 TECHNOLOGY ANALYSIS
           5.10.1 TECHNOLOGY TRENDS FOR VARIOUS MOTOR TECHNOLOGIES
    TABLE 3 COMPARISION OF DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES
    5.11 CASE STUDY ANALYSIS
           5.11.1 ELECTRIC MOTORS FOR AIRCRAFT
                    5.11.1.1 Parker used AMETEK's hydraulic pump motor for the US Airforce's next generation T-X jet trainer aircraft
           5.11.2 COST EFFECTIVE MEPS (MINIMUM ENERGY PERFORMANCE STANDARD) LEVELS FOR MOTORS
                    5.11.2.1 The Energy Research Centre of the Netherlands developed a market transformation program for Indonesia

6 ELECTRIC MOTOR MARKET, BY TYPE (Page No. - 68)
    6.1 INTRODUCTION
 FIGURE 31 AC SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
 TABLE 4 ELECTRIC MOTOR MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
    6.2 AC MOTORS
 TABLE 5 AC: MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
    6.3 DC MOTORS
 TABLE 6 DC: MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)

7 ELECTRIC MOTOR MARKET, BY END USER (Page No. - 72)
    7.1 INTRODUCTION
 FIGURE 32 INDUSTRIAL SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
 TABLE 7 ELECTRIC MOTOR MARKET SIZE, BY END USER, 2018-2026 (USD MILLION)
    7.2 INDUSTRIAL
           7.2.1 MINING & METALS
           7.2.2 CHEMICALS & PETROCHEMICALS
           7.2.3 OIL & GAS
           7.2.4 CEMENT & MANUFACTURING
           7.2.5 UTILITIES
           7.2.6 RENEWABLES
   TABLE 8 INDUSTRIAL: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
    7.3 COMMERCIAL
 TABLE 9 COMMERCIAL: MARKET SIZE, BY COUNTRY,   2018-2026 (USD MILLION)
    7.4 RESIDENTIAL
 TABLE 10 RESIDENTIAL: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
    7.5 TRANSPORTATION
 TABLE 11 TRANSPORTATION: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
    7.6 AGRICULTURE
 TABLE 12 AGRICULTURE: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
 
8 ELECTRIC MOTOR MARKET, BY POWER RATING  (Page No. - 79)
    8.1 INTRODUCTION
 FIGURE 33 < 1 KW SEGMENT EXPECTED TO DOMINATE ELECTRIC MOTOR  MARKET IN 2019
 TABLE 13 MARKET SIZE, BY POWER RATING,  2018-2026 (USD MILLION)
    8.2 <1 KW MOTORS
 TABLE 14 < 1 KW: MARKET SIZE, BY REGION,  2018-2026 (USD MILLION)
    8.3 1 KW-2.2 KW MOTORS
 TABLE 15 1 KW-2.2 KW: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
    8.4 2.2 KW- 375 KW MOTORS
 TABLE 16 2.2 KW- 375 KW: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)
    8.5 > 375 KW MOTORS
 TABLE 17 > 375 KW: MARKET SIZE, BY REGION,   2018-2026 (USD MILLION)

9 ELECTRIC MOTOR MARKET, BY ROTOR TYPE (Page No. - 84)
    9.1 INTRODUCTION
 FIGURE 34 INNER ROTOR SEGMENT TO LEAD MARKET IN 2019
 TABLE 18 MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
    9.2 INNER ROTOR
           9.2.1 INCREASING MANUFACTURE OF ELECTRICAL VEHICLES TO FUEL DEMAND FOR INNER ROTOR BRUSHLESS DC MOTORS
   TABLE 19 INNER ROTOR: MARKET, BY REGION,   2018-2026 (USD MILLION)
    9.3 OUTER ROTOR
 TABLE 20 OUTER ROTOR: MARKET, BY REGION,   2018-2026 (USD MILLION)

10 ELECTRIC MOTOR MARKET, BY OUTPUT POWER (Page No. - 88)
    10.1 INTRODUCTION
  FIGURE 35 > 1 HP SEGMENT EXPECTED TO DOMINATE ELECTRIC MOTOR   MARKET IN 2019
  TABLE 21 MARKET SIZE, BY OUTPUT POWER,  2014-2021 (USD MILLION)
    10.2 < 1 HP MOTORS
  TABLE 22 < 1 HP: MARKET SIZE, BY REGION,  2018-2026 (USD MILLION)
    10.3 > 1 HP MOTORS
  TABLE 23 > 1 HP: MARKET SIZE, BY REGION,  2018-2026 (USD MILLION)

11 ELECTRIC MOTOR MARKET, BY REGION (Page No. - 92)
    11.1 INTRODUCTION
  FIGURE 36 REGIONAL SNAPSHOT: MARKET
  TABLE 24 MARKET SIZE, BY REGION, 2018-2026 (USD MILLION)
    11.2 ASIA PACIFIC
           11.2.1 IMPACT OF COVID-19 ON MARKET IN ASIA PACIFIC
    TABLE 25 ASIA PACIFIC: MARKET, SCENARIO ANALYSIS,   2018-2026 (USD MILLION)
    FIGURE 37 ASIA PACIFIC: MARKET SCENARIO ANALYSIS
    FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
           11.2.2 BY TYPE
    TABLE 26 ASIA PACIFIC: MARKET SIZE, BY TYPE,   2018-2026 (USD MILLION)
           11.2.3 BY ROTOR TYPE
    TABLE 27 ASIA PACIFIC: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
           11.2.4 BY OUTPUT POWER
    TABLE 28 ASIA PACIFIC: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
           11.2.5 BY POWER RATING
    TABLE 29 ASIA PACIFIC: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
           11.2.6 BY END USER
    TABLE 30 ASIA PACIFIC: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.2.7 BY COUNTRY
    TABLE 31 ASIA PACIFIC: MARKET SIZE, BY COUNTRY,   2018-2026 (USD MILLION)
                    11.2.7.1 China
    11.2.7.1.1 Increasing manufacturing activities to contribute to growth of market
        TABLE 32 CHINA: ELECTRIC MOTOR MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 33 CHINA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 34 CHINA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 35 CHINA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 36 CHINA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.2.7.2 India
    11.2.7.2.1 Ongoing industrialization to drive demand for electric motors  
        TABLE 37 INDIA: MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
        TABLE 38 INDIA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 39 INDIA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 40 INDIA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 41 INDIA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.2.7.3 Japan
    11.2.7.3.1 Growing focus on technologically advanced industrial equipment and manufacturing processes to boost demand for electric motors
        TABLE 42 JAPAN: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 43 JAPAN: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 44 JAPAN: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 45 JAPAN: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 46 JAPAN: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.2.7.4 SOUTH KOREA
    11.2.7.4.1 Increasing electronic and automobile manufacturing to drive growth of electric motor market
        TABLE 47 SOUTH KOREA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 48 SOUTH KOREA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 49 SOUTH KOREA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 50 SOUTH KOREA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 51 SOUTH KOREA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.2.8 AUSTRALIA
                    11.2.8.1 Ongoing automation of automotive industry leading to growth of electric motor market
        TABLE 52 AUSTRALIA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 53 AUSTRALIA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 54 AUSTRALIA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 55 AUSTRALIA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 56 AUSTRALIA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.2.9 REST OF ASIA PACIFIC
    TABLE 57 REST OF ASIA PACIFIC: MARKET SIZE, BY TYPE,   2018-2026 (USD MILLION)
    TABLE 58 REST OF ASIA PACIFIC: MARKET SIZE, BY ROTOR TYPE, 2018-2026 (USD MILLION)
    TABLE 59 REST OF ASIA PACIFIC: MARKET SIZE, BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 60 REST OF ASIA PACIFIC: MARKET SIZE, BY POWER RATING,  2018-2026 (USD MILLION)
    TABLE 61 REST OF ASIA PACIFIC: MARKET SIZE, BY END USER,  2018-2026 (USD MILLION)
    11.3 EUROPE
           11.3.1 IMPACT OF COVID-19 ON ELECTRIC MOTOR MARKET IN EUROPE
    TABLE 62 EUROPE: MARKET, SCENARIO ANALYSIS,   2018-2026 (USD MILLION)
    FIGURE 39 EUROPE: MARKET SCENARIO ANALYSIS
    FIGURE 40 EUROPE: MARKET SNAPSHOT
           11.3.2 BY TYPE
    TABLE 63 EUROPE: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
           11.3.3 BY ROTOR TYPE
    TABLE 64 EUROPE: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
           11.3.4 BY OUTPUT POWER
    TABLE 65 EUROPE: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
           11.3.5 BY POWER RATING
    TABLE 66 EUROPE: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
           11.3.6 BY END USER
    TABLE 67 EUROPE: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.3.7 BY COUNTRY
    TABLE 68 EUROPE: MARKET SIZE, BY COUNTRY,   2018-2026 (USD MILLION)
                    11.3.7.1 Germany
    11.3.7.1.1 Increasing electric vehicle and medical equipment production to fuel demand for electric motors
        TABLE 69 GERMANY: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 70 GERMANY: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 71 GERMANY: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 72 GERMANY: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 73 GERMANY: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.3.7.2 RUSSIA
    11.3.7.2.1 Ongoing modernization of manufacturing sector to contribute to growth of electric motors
        TABLE 74 RUSSIA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 75 RUSSIA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 76 RUSSIA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 77 RUSSIA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 78 RUSSIA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.3.7.3 ITALY
    11.3.7.3.1 Rising demand for electric vehicles leading to growth of electric motor market
        TABLE 79 ITALY: MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
        TABLE 80 ITALY: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 81 ITALY: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 82 ITALY: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 83 ITALY: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
                    11.3.7.4 FRANCE
    11.3.7.4.1 Implementation of zero carbon emission policies to increase electric vehicle and wind power generation
        TABLE 84 FRANCE: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 85 FRANCE: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 86 FRANCE: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 87 FRANCE: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 88 FRANCE: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.3.8 UK
                    11.3.8.1 Surging sales of vehicles and flourishing aerospace & defense industry to drive growth of electric motor market
        TABLE 89 UK: MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
        TABLE 90 UK: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 91 UK: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 92 UK: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 93 UK: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.3.9 SWEDEN
                    11.3.9.1 Increasing industrial and infrastructure demand to drive growth of electric motor market
        TABLE 94 SWEDEN: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 95 SWEDEN: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 96 SWEDEN: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 97 SWEDEN: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 98 SWEDEN: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.3.10 NORWAY
                    11.3.10.1 New zero emission policy to boost renewables sector and drive growth of electric motor market
         TABLE 99 NORWAY: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION) 126
         TABLE 100 NORWAY: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
         TABLE 101 NORWAY: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
         TABLE 102 NORWAY: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
         TABLE 103 NORWAY: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.3.11 DENMARK
                    11.3.11.1 Increasing adoption of electric vehicles to drive electric motor market
         TABLE 104 DENMARK: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
         TABLE 105 DENMARK: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
         TABLE 106 DENMARK: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
         TABLE 107 DENMARK: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
         TABLE 108 DENMARK: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
    11.4 NORTH AMERICA
           11.4.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
    TABLE 109 NORTH AMERICA: MARKET, SCENARIO ANALYSIS,   2018-2026 (USD MILLION)
    FIGURE 41 NORTH AMERICA: MARKET SCENARIO ANALYSIS
    TABLE 110 NORTH AMERICA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
    TABLE 111 NORTH AMERICA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
    TABLE 112 NORTH AMERICA: MARKET SIZE, BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 113 NORTH AMERICA: MARKET SIZE, BY POWER RATING,  2018-2026 (USD MILLION)
    TABLE 114 NORTH AMERICA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
    TABLE 115 NORTH AMERICA: MARKET SIZE, BY COUNTRY,   2018-2026 (USD MILLION)
           11.4.2 US
                    11.4.2.1 Ongoing investments to develop advanced manufacturing technologies to fuel demand for electric motors
        TABLE 116 US: MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
        TABLE 117 US: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 118 US: MARKET SIZE, BY OUTPUT POWER,   2018-2026 (USD MILLION)
        TABLE 119 US: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 120 US: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.4.3 CANADA
                    11.4.3.1 Flourishing automotive industry to contribute to demand for  electric motors
        TABLE 121 CANADA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 122 CANADA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 123 CANADA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 124 CANADA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 125 CANADA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.4.4 MEXICO
                    11.4.4.1 Increasing automobile production to drive demand for electric motors
        TABLE 126 MEXICO: ELECTRIC MOTOR MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 127 MEXICO: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 128 MEXICO: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 129 MEXICO: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 130 MEXICO: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
    11.5 SOUTH AMERICA
           11.5.1 IMPACT OF COVID-19 ON ELECTRIC MOTOR MARKET IN SOUTH AMERICA
    TABLE 131 SOUTH AMERICA: MARKET, SCENARIO ANALYSIS,   2018-2026 (USD MILLION)
    FIGURE 42 SOUTH AMERICA: MARKET SCENARIO ANALYSIS
    TABLE 132 SOUTH AMERICA: MARKET SIZE, BY TYPE,   2018-2026 (USD MILLION)
    TABLE 133 SOUTH AMERICA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
    TABLE 134 SOUTH AMERICA: MARKET SIZE, BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 135 SOUTH AMERICA: MARKET SIZE, BY POWER RATING,  2018-2026 (USD MILLION)
    TABLE 136 SOUTH AMERICA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
    TABLE 137 SOUTH AMERICA: MARKET SIZE, BY COUNTRY,   2018-2026 (USD MILLION)
           11.5.2 BRAZIL
                    11.5.2.1 Flourishing automotive industry to fuel demand for electric motors
        TABLE 138 BRAZIL: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 139 BRAZIL: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 140 BRAZIL: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 141 BRAZIL: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 142 BRAZIL: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.5.3 ARGENTINA
                    11.5.3.1 Rising demand for electric motors from consumer electronics industry to fuel market growth
        TABLE 143 ARGENTINA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 144 ARGENTINA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 145 ARGENTINA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 146 ARGENTINA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 147 ARGENTINA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.5.4 REST OF SOUTH AMERICA
    TABLE 148 REST OF SOUTH AMERICA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
    TABLE 149 REST OF SOUTH AMERICA: MARKET SIZE, BY ROTOR TYPE, 2018-2026 (USD MILLION)
    TABLE 150 REST OF SOUTH AMERICA: MARKET SIZE, BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 151 REST OF SOUTH AMERICA: MARKET SIZE, BY POWER RATING,  2018-2026 (USD MILLION)
    TABLE 152 REST OF SOUTH AMERICA: MARKET SIZE, BY END USER,  2018-2026 (USD MILLION)
    11.6 THE MIDDLE EAST & AFRICA
           11.6.1 IMPACT OF COVID-19 ON ELECTRIC MOTOR MARKET IN  THE MIDDLE EAST & AFRICA
    TABLE 153 THE MIDDLE EAST & AFRICA: MARKET, SCENARIO ANALYSIS, 2018-2026 (USD MILLION)
    FIGURE 43 THE MIDDLE EAST & AFRICA: MARKET   SCENARIO ANALYSIS
    TABLE 154 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
    TABLE 155 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY ROTOR TYPE, 2018-2026 (USD MILLION)
    TABLE 156 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 157 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY POWER RATING, 2018-2026 (USD MILLION)
    TABLE 158 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY END USER,  2018-2026 (USD MILLION)
    TABLE 159 THE MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY,  2018-2026 (USD MILLION)
           11.6.2 SAUDI ARABIA
                    11.6.2.1 Increasing automotive production to drive growth of electric  motor market
        TABLE 160 SAUDI ARABIA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION) 151
        TABLE 161 SAUDI ARABIA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 162 SAUDI ARABIA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 163 SAUDI ARABIA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 164 SAUDI ARABIA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.6.3 UAE
                    11.6.3.1 Growing share of automobile sector in economy driving demand for electric motors
        TABLE 165 UAE: ELECTRIC MOTOR MARKET SIZE, BY TYPE, 2018-2026 (USD MILLION)
        TABLE 166 UAE: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 167 UAE: MARKET SIZE, BY OUTPUT POWER,   2018-2026 (USD MILLION)
        TABLE 168 UAE: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 169 UAE: MARKET SIZE, BY END USER,  2018-2026 (USD MILLION)
           11.6.4 SOUTH AFRICA
                    11.6.4.1 Increasing investments to boost industrial manufacturing to contribute to demand for electric motors
        TABLE 170 SOUTH AFRICA: MARKET SIZE, BY TYPE,  2018-2026 (USD MILLION)
        TABLE 171 SOUTH AFRICA: MARKET SIZE, BY ROTOR TYPE,  2018-2026 (USD MILLION)
        TABLE 172 SOUTH AFRICA: MARKET SIZE, BY OUTPUT POWER,  2018-2026 (USD MILLION)
        TABLE 173 SOUTH AFRICA: MARKET SIZE, BY POWER RATING,   2018-2026 (USD MILLION)
        TABLE 174 SOUTH AFRICA: MARKET SIZE, BY END USER,   2018-2026 (USD MILLION)
           11.6.5 REST OF THE MIDDLE EAST & AFRICA
    TABLE 175 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE,  BY TYPE, 2018-2026 (USD MILLION)
    TABLE 176 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE,  BY ROTOR TYPE, 2018-2026 (USD MILLION)
    TABLE 177 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE,  BY OUTPUT POWER, 2018-2026 (USD MILLION)
    TABLE 178 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE,  BY POWER RATING, 2018-2026 (USD MILLION)
    TABLE 179 REST OF THE MIDDLE EAST & AFRICA: MARKET SIZE,  BY END USER, 2018-2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 159)
    12.1 OVERVIEW
  FIGURE 44 KEY DEVELOPMENTS IN MARKET FROM JANUARY 2016 TO SEPTEMBER 2020
    12.2 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
  FIGURE 45 REVENUE ANALYSIS, 2019
    12.3 MARKET EVALUATION FRAMEWORK
  TABLE 180 MARKET EVALUATION FRAMEWORK
    12.4 KEY MARKET DEVELOPMENTS
           12.4.1 PRODUCT LAUNCHES
           12.4.2 INVESTMENTS & EXPANSIONS
           12.4.3 CONTRACTS
           12.4.4 MERGERS & ACQUISITIONS
           12.4.5 PARTNERSHIPS & COLLABORATIONS
    12.5 COMPANY EVALUATION QUADRANT
           12.5.1 STARS
           12.5.2 INNOVATORS
           12.5.3 PERVASIVE
           12.5.4 EMERGING COMPANIES
                  FIGURE 46 ELECTRIC MOTOR MARKET COMPANY EVALUATION MATRIX

13 COMPANY PROFILES (Page No. - 167)
   (Business overview, Products offered, Recent Developments, SWOT Analysis, right to win)* 
    13.1 ABB
  FIGURE 47 ABB: COMPANY SNAPSHOT
  FIGURE 48 ABB: SWOT ANALYSIS
    13.2 SIEMENS
  FIGURE 49 SIEMENS: COMPANY SNAPSHOT
  FIGURE 50 SIEMENS: SWOT ANALYSIS
    13.3 NIDEC CORPORATION
  FIGURE 51 NIDEC CORPORATION: COMPANY SNAPSHOT
  FIGURE 52 NIDEC CORPORATION: SWOT ANALYSIS
    13.4 WEG
  FIGURE 53 WEG: COMPANY SNAPSHOT
  FIGURE 54 WEG: SWOT ANALYSIS
    13.5 JOHNSON ELECTRIC
  FIGURE 55 JOHNSON ELECTRIC: COMPANY SNAPSHOT
  FIGURE 56 JOHNSON ELECTRIC: SWOT ANALYSIS
    13.6 WOLONG
    13.7 ALLIED MOTION TECHNOLOGIES
  FIGURE 57 ALLIED MOTION TECHNOLOGIES: COMPANY SNAPSHOT
    13.8 REGAL BELOIT CORPORATION
  FIGURE 58 REGAL BELOIT CORPORATION: COMPANY SNAPSHOT
    13.9 AMETEK
  FIGURE 59 AMETEK: COMPANY SNAPSHOT
    13.10 FAULHABER GROUP
    13.11 TOSHIBA CORPORATION
   FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT
    13.12 HYOSUNG HEAVY INDUSTRIES
   FIGURE 61 HYOSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT
    13.13 TECO ELECTRIC & MACHINERY
   FIGURE 62 TECO ELECTRIC & MACHINERY: COMPANY SNAPSHOT
    13.14 MAXON MOTOR
    13.15 BUHLER MOTOR
    13.16 ARC SYSTEMS  
    13.17 BROOK CROMPTON
    13.18 HITACHI
    13.19 ROCKWELL AUTOMATION
    13.20 YASKAWA

  *Details on Business overview, Products offered, Recent Developments, SWOT Analysis, Right to win might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 215)
    14.1 INSIGHTS OF INDUSTRY EXPERTS
    14.2 DISCUSSION GUIDE
    14.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    14.4 AVAILABLE CUSTOMIZATIONS
    14.5 RELATED REPORTS
    14.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the electric motor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The electric motor market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as utilities/asset owners, industrial owners, automotive and electronic industrial owners, and others. The supply-side is characterized by electric motor service providers, tool providers, manufacturers, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Electric Motor Market Size

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global electric motor market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. 

Global Electric Motor Market Size: Bottom-Up Approach

Global Electric Motor Market Size: Bottom-Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and describe the global electric motor market by type, power rating, output power, rotor type, end user, and region.
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
  • To strategically analyze the global market with respect to individual growth trends, future expansions, and the contribution of each segment to the market.
  • The impact of the COVID-19 pandemic on the market has been analyzed for the estimation of the market size.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
  • To forecast the growth of the global market with respect to the main regions (North America, Asia Pacific, Europe, South America, and the Middle East & Africa).
  • To profile and rank key players and comprehensively analyze their market share.
  • To analyze competitive developments such as contracts & agreements, product launches, and mergers & acquisitions in the electric motor market. 

Available Customizations:

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

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Electric Motor Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Electric Motor Market

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