Global Motor Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Motor Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Motor is a kind of electromagnetic device that realizes electric energy conversion or transmission according to the law of electromagnetic induction. As a basic product in industrial society, motor plays an important role in national production and life.

According to our (Global Info Research) latest study, the global Motor market size was valued at US$ 154510 million in 2023 and is forecast to a readjusted size of USD 242670 million by 2030 with a CAGR of 6.7% during review period.

Motor products are widely used in various fields of national economy, especially large and medium-sized motors, widely used in industrial fields, such as metallurgy, electric power, petrochemical, coal, mining, building materials, papermaking and so on. In addition, the motor is also used in the field of electronic information, rail transit, home appliances, new energy vehicles and other industries.

ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVa-TEC, etc., are the major manufacturers of electric motor products in the world, among which Nidec is the leader in the global electric motor market, and its revenue in 2019 accounts for about 6% of the total market revenue.

In domestic motor market, leading domestic manufacturers including Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor, etc., these 5 companies to occupy the market share of about 7%.

This report is a detailed and comprehensive analysis for global Motor market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Motor market size and forecasts, in consumption value ($ Million), 2019-2030

Global Motor market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Motor market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Motor market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Motor

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Motor market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVA-tec, Wolong, ANHUI WANNAN ELECTRIC MACHINE, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Motor market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Motor market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Industrial and Control Motors
Micro Motor

Market segment by Application
Industrial Machinery
Automobile
HVAC
Aviation and Transportation
Home Appliance
Others

Market segment by players, this report covers
ABB
Siemens
WEG
Regal Beloit
Nidec
GE
TMEIC
SEVA-tec
Wolong
ANHUI WANNAN ELECTRIC MACHINE
Jiamusi Electric Machine
Shanghai Electric Machinery
Jiangsu dazhong Electromotor

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Motor product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Motor, with revenue, gross margin, and global market share of Motor from 2019 to 2024.

Chapter 3, the Motor competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Motor market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Motor.

Chapter 13, to describe Motor research findings and conclusion.