Electric Motor Market - Forecast(2022 - 2027)

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Electric Motor
Market Market size, Industry outlook, Market
Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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• Electric Motor Market Size is forecast to reach
  186.0 billion by 2026, at a CAGR of 6.9 during
  2021-2026.
• The increase in global electricity consumption
  and the use of electrical equipment and machines
  in different industries and the renewables sector
  are major factors driving the growth in the
  electric motor market during the forecast period.

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• Key Takeaways
• The rising demand for efficient energy usage over
  concerns of environmental impact of energy
  generation from conventional sources such as coal
  and natural gas, is expected to help grow the
  electric motor market in APAC.
• The inner rotor segment is growing at a
  significant CAGR of 7.9 in the forecast period.
  In inner rotor type motors, rotors are positioned
  at the centre and surrounded by stator winding. 
• Electric Motor companies are strengthening their
  position through mergers acquisitions and
  continuously investing in research and
  development (RD) activities to come up with
  solutions to cater to the changing requirements
  of customers. 

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By Distribution Channel- Segment Analysis The
inner rotor segment is expected to grow at a
significant CAGR of 7.9 in the forecast period.
In inner rotor type motors, rotors are positioned
at the centre and surrounded by stator winding.
These motors are used in the manufacturing,
automotive, and consumer electronics industries
for robotics, CNC machines, automatic door
openers, and metal cutting and forming machine
applications. These applications require motors
that can carry out fast acceleration and
deceleration of speed, offer high starting
torque, have reversible action capability, and
are compact. According to the IEA, EV Outlook
2020, the global sales of electric cars reached 2
million in 2019, 40 higher than in 2018. This
indicates the increased demand for electric
vehicles and their accelerated manufacturing in
coming years, which in turn, is expected to fuel
the demand for inner rotor electric motors. 
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• Electric Motor Industry Outlook 
• ABB 
• AMETEK
• Johnson Electric Holdings Limited
• Siemens 
• Rockwell Automation
• Toshiba Corp
• Hitachi Ltd
• Nidec Corporation
• ARC Systems Inc

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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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