Consumer Electronics Electric Motor Market By Type (AC motors, DC motors), By Voltage (Up to 50V, 50-120V, Above 120V), By Application (Refrigerator, Washing Machine, Vacuum Cleaner, Microwave Oven, Mixer Grinders, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global consumer electronics electric motor market was valued at $12,449.8 million in 2022, and is projected to reach $23,479.2 million by 2032, registering a CAGR of 6.5% from 2023 to 2032.
Electric motors for consumer electronics are specialized electrical devices created to accomplish specific tasks with a variety of consumer gadgets and appliances. To ensure effective operation, dependability, and compatibility with intended applications, these models are designed to fulfill the unique requirements and performance criteria of consumer electronic devices.
Due to characteristics like high torque and low noise, electric motor demand has increased in heating, ventilation, and air conditioning (HVAC) applications. The International Energy Agency (IEA) estimates that almost 40% of all electricity is utilized to power electric motors. The electric motor also has a higher efficiency, is lighter, and operates at a higher speed. Additionally, the need for electric motors in industries like HVAC, refrigerators, and vacuum cleaners is driven by the surge in demand for improved efficiency, which enables them to be made lighter, more compact, and silent. Seasonal Energy Efficiency Ratio (SEER) ratings of 13 and higher are recognized for HVAC and refrigeration systems using electric motors, making them up to 30% more efficient than systems with their brushed counterparts. All these factors collectively drive the growth of the global market. Electric motors are assembled in compressors, pumps, automotive, machine tools, lathe machines, disk drives, power tools, domestic appliances, and electric cars. Despite their high cost, these highly efficient motors are preferred over standard motors due to varied 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 electric motor is expected to increase the demand for high-efficiency motor. However, a slow-down in the automotive industry and high initial capital investment are expected to restrain the growth of the electric motor market. Furthermore, a rise in demand for electric motor from robotics and automated robot technologies is anticipated to provide lucrative opportunities for growth of the consumer electronic electric motor market.
The consumer electronics electric motor market is segmented into motor type, voltage, application, and regions. Based on type, the market is bifurcated into AC and DC motors. The DC motor segment dominated the market in 2022. As per voltage type, the market is segmented into Up To 50V, 50 to 120V, and above 120. The up to 50v segment dominated the market in 2022. Based on application, the market is segmented into refrigerators, mixer grinder, vacuum cleaner, washing machine, microwave oven, and others. The refrigerator segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2022, Asia-Pacific was the key shareholder, and anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the consumer electronics electric motor market report include Johnson Electric Holdings Limited, Nidec Motor Corporation, Panasonic Corporation, Nichibo DC Motor, Dumore Motors, FAULHABER GROUP, Allied Motion Technologies Inc., MABUCHI MOTOR CO., LTD., Maxon, and ORIENTAL MOTOR (INDIA) PVT.LTD.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the consumer electronics electric motor market analysis from 2022 to 2032 to identify the prevailing consumer electronics electric motor market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the consumer electronics electric motor market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global consumer electronics electric motor market trends, key players, market segments, application areas, and market growth strategies.
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Per Capita Consumption Trends
Product Consumption Analysis
Reimbursement Scenario
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy TypeAC motors
DC motors
By VoltageUp to 50V
50-120V
Above 120V
By ApplicationRefrigerator
Washing Machine
Vacuum Cleaner
Microwave Oven
Mixer Grinders
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersNidec Motor Corporation
FAULHABER GROUP
Nichibo DC Motor
Allied Motion Technologies Inc.
MABUCHI MOTOR CO., LTD.
ORIENTAL MOTOR (INDIA) PVT. LTD.
Johnson Electric Holdings Limited
Panasonic Corporation
Dumore Motors
Maxon
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