Australia Electric Motor Market Overview, 2029

Australia Electric Motor Market Overview, 2029

Australia's electric motor industry has been steadily expanding in recent years due to a number of causes, including growing industrial automation, increased demand for energy-efficient technology, and government programs encouraging the use of electric vehicles (EVs).The demand for electric motors in Australia are mostly driven by the industrial sector. Electric motors are used extensively in a variety of applications, including compressors, ventilation systems, conveyor systems, pumps, and mining and agriculture industries. There is a discernible movement in favor of high-efficiency electric motor adoption as sustainability and energy efficiency get more attention. This trend is fueled by industry goals to decrease their carbon impact and cut operational expenses, as well as regulatory constraints. The need for electric motors has increased as a result of Australia's growing emphasis on renewable energy sources like solar and wind power, especially in the industries that produce solar panels and wind turbines. The demand for electric motors is mostly driven by the transportation industry, especially the market for electric vehicles. Electric motors are predicted to become more and more necessary for propulsion systems and auxiliary parts as the government offers incentives for the adoption of electric vehicles and the infrastructure for charging them grows. Another developing trend is the combination of automation and smart technologies like the Internet of Things with electric motors. Better management and monitoring of electric motor systems are made possible by this integration, which also increases efficiency and makes predictive maintenance possible.

According to the research report ""Australia Electric Motor Market Overview, 2029,"" published by Bonafide Research, the Australia Electric Motor market is anticipated to grow at more than 07.00% CAGR from 2024 to 2029. There are several ways to examine the expansion of the Australian electric motor industry, and each one provides unique insights into the workings of the market. Technological improvement is a key factor contributing to the growth of the electric motor industry. To create electric motors that are more dependable, efficient, and small, manufacturers are always coming up with new ideas. This covers developments in materials science, control systems, and motor design. The growing focus on energy efficiency is another major development factor. Industrial energy consumption is mostly attributed to electric motors, and the use of high-efficiency motors can result in considerable energy and financial savings. This knowledge is developing. Segmenting the electric motor market according to application and end-user industry is another way to examine it. One of the main trends propelling market expansion is the use of smart technologies with electric motors. This involves maximizing motor performance, enabling predictive maintenance, and boosting overall system efficiency through the use of sensors, IoT platforms, and data analytics. Businesses may decrease maintenance expenses, increase operational efficiency, and decrease downtime by utilizing data-driven insights. Smart motor systems are becoming more and more common in sectors like manufacturing, where automation and digitalization are revolutionizing conventional industrial procedures.

Alternating current (AC) motors are extensively employed in a broad range of sectors and applications because of their adaptability, dependability, and affordability. These motors might be brushless AC motors, synchronous motors, or induction motors, and they all run on AC electricity. In Australia, AC motors are widely used in industrial settings for things like HVAC (heating, ventilation, and air conditioning) systems, conveyors, compressors, and pumps. In addition, they are frequently found in air conditioners, refrigerators, and washing machines, among other home equipment. Direct current (DC) motors use the interplay of magnetic fields to transform electrical energy into mechanical energy. They are appropriate for applications needing high starting torque and variable speed operation because they provide accurate speed control. Robotics, electric cars, elevators, and material handling machinery are just a few of the many uses for DC motors in Australia. In renewable energy systems like wind turbines and solar tracking systems, they are also often utilized. A specific kind of electric motor called a hermetic motor is made to be used in sealed environments or other situations where the motor has to be fully encased to keep moisture and impurities out. Hermetic motors are used in the food processing, refrigeration, and air conditioning sectors in Australia, where tight environmental regulations and hygienic standards are essential.

In low to medium power applications, 1 kV is commonly utilized in several businesses and sectors. Pumps, fans, light- to moderate-duty equipment, tiny machines, and domestic appliances are typical uses for these motors. The residential, commercial, and light industrial sectors in Australia are the main consumers of electric motors up to 1 kV. A lot of home equipment, like air conditioners, refrigerators, and washing machines, employ motors in this voltage range. Often find employment in medium- to high-power applications in industries including manufacturing, mining, utilities, and infrastructure, with voltages ranging from 1 kV to 6.6 kV. Large HVAC systems, pumps, compressors, conveyors, crushers, and other applications are just a few of the many uses for motors in this voltage range in Australia. Large-scale industrial operations, power generation, transmission systems, and other high power and critical applications are common uses for electric motors with voltages more than 6.6 kV. In Australia, sectors like mining, oil and gas, electricity generation, and water utilities frequently use motors with voltages higher than 6.6 kV. Large pumps, compressors, crushers, and high-capacity HVAC systems are just a few of the uses for them.

Advances in battery technology, growing environmental consciousness, and government incentives for the adoption of electric cars are some of the factors driving the demand for electric motors in motor vehicles in Australia. The need for electric motors in motor vehicles is predicted to increase dramatically as governments and consumers place a higher priority on greener and more fuel-efficient modes of transportation. Driven by industrial automation, infrastructure expansion, and manufacturing facility modernization, the industrial machinery sector accounts for a sizeable percentage of the electric motor market in Australia. Electric motors that provide high performance, energy economy, and dependability under challenging operating conditions are in greater demand as industries work to increase productivity, efficiency, and reliability. Fans, blowers, compressors, and pumps in heating, ventilation, and air conditioning (HVAC) equipment are all run by electric motors. In order to maintain indoor air quality, control temperature, and guarantee comfort in residential, commercial, and industrial buildings, electric motors are a crucial component of HVAC systems. Due to reasons including population growth, growing disposable incomes, and changing lifestyles, a sizable percentage of the electric motor industry in Australia is accounted for by the electrical appliances segment. High-efficiency electric motors are becoming more and more common in appliances as manufacturers respond to consumer demand for convenience, energy efficiency, and intelligent features. In Australia, market trends, legal restrictions, and technical developments all have an impact on the need for electric motors in these specialized applications.

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.