Argentina Electric Motor Market Overview, 2029

Argentina Electric Motor Market Overview, 2029

Efficiency in energy use initiatives, technology breakthroughs, infrastructural expansion, and industrial activity were some of the variables that impacted Argentina's electric motor industry. With applications including machinery production, pumps, compressors, and conveyors, Argentina's industrial sector is a major user of electric motors. Global market trends, governmental regulations, and economic conditions are just a few of the variables that may impact the industrial sector's overall health, which is closely linked to the success of the electric motor industry. The need for electric motors in equipment like elevators, escalators, HVAC systems, and material handling gear is fueled by infrastructure initiatives, notably those involving construction and transit. The electric motor industry gains from growing demand as Argentina makes investments in infrastructure development to upgrade its cities and enhance connectivity. Argentina, like many other nations, has been emphasizing energy efficiency as a way to cut down on energy use and its impact on the environment. Electrical energy is extensively consumed by electric motors, especially in commercial and industrial settings. Because of this, there's a rising need for variable speed drives and high-efficiency motors to meet energy laws and increase energy efficiency. Argentina has been investing more money in clean energy sources like solar and wind energy. Wind turbines, solar trackers, and hydropower facilities are all powered by electric motors, which are essential components of renewable energy producing systems. It is anticipated that demand for electric motors used in these applications would increase as the nation increases its capability for producing renewable energy.

According to the research report ""Argentina Electric Motor Market Overview, 2029,"" published by Bonafide Research, the Argentina Electric Motor Market was valued at more than USD 01.00 Billion in 2023. The market for electric motors is growing mostly due to the influence of the industrial sector. More electric motors are needed to power machinery and equipment in sectors including manufacturing, automotive, mining, and agriculture as Argentina's economy grows and diversifies. The need for electric motors is driven by a number of factors, including the adoption of cutting-edge technologies, modernization of production processes, and increased industrial automation. The need for electric motors is stimulated by infrastructure initiatives, such as the building of buildings, transit networks, and utilities. Motors are needed for these projects since they are used in water treatment facilities, pumps, escalators, elevators, and HVAC systems. Energy-efficiency-promoting regulations are driving the demand for high-efficiency electric motors. In order to lessen its influence on the environment and energy consumption, Argentina, like many other nations, has imposed energy efficiency criteria for electric motors. Argentina's dedication to sustainable energy sources opens up market potential for electric motors. Electric motors are needed in hydroelectric, solar, and wind power projects for turbines, pumps, and other machinery. Technological innovation increases motor performance, dependability, and efficiency, which supports market growth. Electric motors are becoming more robust and energy-efficient due to advancements in control systems, materials, and motor design.

In Argentina, the most popular kind of electric motors used in a variety of industries are AC (alternating current) motors. Their uses range from industrial gear to domestic gadgets, demonstrating their versatility. Argentina’s need for high-efficiency AC motors is rising as the country places more emphasis on energy saving. In order to satisfy consumer demands and legal requirements, manufacturers provide a variety of efficiency classes, which propels market expansion. Direct current (DC) motors are used in certain applications that call for dynamic performance, high torque, or precise speed control. They are not as common as AC motors, but they are nevertheless very important in sectors like robotics, renewable energy, and the automobile industry. Systems that use renewable energy, including tiny wind turbines and solar trackers, use DC motors. Hermetic motors, often referred to as sealed or encased motors are made especially to be used in HVAC (heating, ventilation, and air conditioning) and refrigeration systems. They are vital parts of air conditioners, refrigerators, and other cooling equipment in Argentina. Hermetic motors are made to work hard in harsh conditions with little upkeep needed. In refrigeration and HVAC applications, they provide dependable performance, enhancing the effectiveness and lifespan of cooling systems. Every type of motor serves a particular purpose and industry, which adds to the overall expansion and variety of the electric motor market in Argentina.

Industrial, commercial, residential, and agricultural contexts are among the industries that use voltages up to 1 kV due to their versatility. In industrial facilities and commercial enterprises, motors within this voltage range power apparatus such as fans, compressors, conveyors, pumps, and machine tools. For medium voltage applications, such as mining, utilities, industrial operations, and infrastructure projects, are frequently employed at voltages between 1 and 6.6 kV. For heavy-duty applications in industries with harsh working conditions, such as conveyor systems, big pumps, compressors, fans, and crushers, motors in this voltage range are used. High voltage applications, which are often found in sectors like utilities, mining, oil and gas, and large-scale infrastructure projects, employ voltages more than 6.6 kV. High voltage motors are used in transmission networks for long-distance energy distribution as well as power producing facilities (such as thermal power plants and hydroelectric dams). The power compressors, pumps, generators, and other vital pieces of machinery for the electrical grid. The many market segments and applications catered to by each voltage category add to the overall variety and expansion of the electric motor market in Argentina.

Argentina's electric motor industry is growing significantly as more people turn to electric and hybrid automobiles. These cars have a number of electric motor-powered systems, including as HVAC, auxiliary, power steering, and propulsion. In Argentina, one of the main applications for electric motors is industrial machinery. Numerous pieces of machinery used in manufacturing processes across numerous sectors, including pumps, compressors, conveyors, mixers, and machine tools, are powered by motors. For temperature regulation, refrigeration, and air circulation in residential, commercial, and industrial buildings, HVAC equipment depends on electric motors. Fans, blowers, compressors, pumps, and other HVAC system components are all run by motors. Much home equipment, including vacuum cleaners, air conditioners, refrigerators, washing machines, and kitchen appliances, depend on electric motors. In renewable energy generating systems such as wind turbines, solar photovoltaic systems, and hydroelectric facilities, electric motors are essential components. The demand for motors used in renewable energy infrastructure projects is driven by Argentina's investments in renewable energy. Electric motors are employed in agricultural machinery and equipment to perform functions including managing animals, harvesting crops, and irrigation. Electric motors are essential to Argentina's agricultural industry since they boost farming operations' productivity and efficiency. Pumps, aerators, and additional equipment in water and wastewater treatment plants are powered by motors. The market for electric motors in the water industry is expanding as Argentina invests in infrastructure development and tackles issues related to water management.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Motor market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Motor Type
• AC Motor
• DC Motor
• Hermetic Motors

By Voltage
• Up to 1 kV
• 1 kV-6.6 kV
• Above 6.6 kV

By Application
• Motor Vehicles
• Industrial Machinery
• HVAC Equipment
• Electrical Appliances
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Motor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.