Global Electric Motor Market Growth (Status and Outlook) 2023-2029

Global Electric Motor Market Growth (Status and Outlook) 2023-2029

An electric motor is an electrical machine that converts electrical energyinto mechanical energy. An electric generator operates in the reverse direction, converting mechanical energy into electrical energy.

LPI (LP Information)' newest research report, the “Electric Motor Industry Forecast” looks at past sales and reviews total world Electric Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Motor sales for 2023 through 2029. With Electric Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Motor industry.

This Insight Report provides a comprehensive analysis of the global Electric Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Motor.

The global Electric Motor market size is projected to grow from US$ 131340 million in 2022 to US$ 170960 million in 2029; it is expected to grow at a CAGR of 3.8% from 2023 to 2029.

China is the major region of the global market, which takes about 30% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Motor market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
AC Motor
DC Motor
Hermetic Motor
Micro Motors

Segmentation by application
Industrial Machinery
Motor Vehicle
HVAC Equipment
Aerospace & Transportation
Household Appliances
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nidec
Siemens
ABB
Denso
Hitachi
Regal Beloit
GE
Bosch
Emerson
Rockwell Automation
Toshiba
Franklin Electric
Johnson Electric
Broad-Ocean
Ametek
Allied Motion

Please note: The report will take approximately 2 business days to prepare and deliver.