North America Electric Motors Market Growth, Size, Trends Analysis- By Motor Type, By Voltage Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

North America Electric Motors Market Growth, Size, Trends Analysis- By Motor Type, By Voltage Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

North America Electric Motors Market Introduction and Overview

According to SPER Market Research, ‘North America Electric Motors Market Size- By Motor Type, By Voltage Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the North America Electric Motors Market is estimated to reach USD 37.47 billion by 2033 with a CAGR of 2.65%.

An apparatus that converts electrical energy into mechanical energy is an electric motor. It’s a device that uses electromagnetic force to produce rotational motion. The stator, rotor, and commutator are the three main parts of an electric motor. The stationary part is a wire-coil-based stator. Wire coils are also used to create the rotor, the moving component.

The COVID-19 epidemic significantly affected the electric motor sector. The market for electric motors decreased as businesses and manufacturing were compelled to close or scale back operations as governments throughout the region shut down and implemented social distancing measures. In addition, delays and shortages were brought on by manufacturers’ struggles to obtain the parts needed to make electric motors, which upset supply chains.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023

Forecast period 2024-2033

Segments covered By Motor Type, By Voltage Type, By Application.

Regions covered Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America.

Companies Covered Robert Bosch GmbH, General Electric Company, ABB Ltd, Mitsubishi Heavy Industries Ltd, Siemens AG, Hitachi, Ltd, Emerson Electric Co, Denso Corporation, Toshibha Corporation, Brook Corporation.

North America Electric Motors Market Segmentation:

By Motor Type: Based on the Motor Type, North America Electric Motors Market is segmented as; DC and AC.

By Voltage Type: Based on the Voltage Type, North America Electric Motors Market is segmented as; Less Than 1 KV, Between 1 KV – 6 KV, and Higher Than 6 KV.

By Application: Based on the Application, North America Electric Motors Market is segmented as; Residential, Commercial, Industrial, and Automotive.

By Region: This research also includes data for Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America.