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World Electric Motors Market - Opportunities and Forecasts, 2014 - 2020

  • September 2015
  • -
  • Allied Market Research

Summary

Table of Contents

Electric Motors market is in a mature stage of its lifecycle and has the potential to even grow further in the years to come. The market has witnessed tremendous technological advancements in the last few years due to which, the current electric market is gaining traction. The market is quickly shifting towards highly efficient electric motor systems. Electrical energy is converted into mechanical energy, the electric motors find wide adoption in industrial fans, compressors, pumps, lathe machines, machine tools, domestic appliances, heating ventilating and air conditioning applications, disk drives, power tools, electric cars and automated robots. These highly efficient motors, which are also called as premium efficiency motors, are gaining importance over standard motors due to varied benefits such as longer operating life, low energy consumption, low maintenance, and high tolerance for fluctuating voltages among others. Lower energy consumption by energy efficient motors is an ace advantage of these motors over standard motors. Although expensive as compared to conventional motors, the long-term environmental benefits offered by the premium motors tend to outweigh the initial premium cost of these motors. The need for improved efficiency and low power consumption by the applications of motors would continue to grow and generate demand for high efficiency motors.The widespread awareness of the green vehicles amongst customers and increasing number of government incentives to promote green vehicles in order to safeguard the environment from carbon emissions is ultimately contributing to the growth of the electric motors market. Therefore, the electric cars are in great demand amongst customers and ceasing this opportunity, the market players are launching different electric cars to meet the customer demands. Telsa, a giant in manufacturing electric cars has launched an electric car in North American region and has plans to launch its next electric car in the European market. The market players such as ABB Group Ltd. and Ametek Incorporation have launched novel products in the market. Key companies profiled in the report are Ametek Incorporation, Siemens AG, Baldor Electric Incorporation, Allied Motion Technologies Inc., ARC Systems Incorporation, Asmo Corporation Limited, Brook Crompton UK Limited, Franklin Electric Cooperative Incorporation, Rockwell Automation Incorporation and Johnson Electric Holdings Limited.The global electric motor market is segmented based on the types of electric motors, output power of electric motors, the applications where electric motors are being used and geography. Type of motors segment explains AC, DC and Hermetic motors. AC motors are further classified into synchronous and induction motors whereas, DC motors are segregated into brushed and brushless DC motors. The applications of electric motors discussed, are Industrial machinery, Motor Vehicles (automobiles), Heating Ventilating and Cooling (HVAC) equipments, Household appliances, Aerospace and Transportation and Other Commercial Applications. Regional market analysis of the electric market is done for North America, Europe, Asia-Pacific and Latin America Middle East & Africa. The study of the global market shows that the North America region is the prominent end user market for premium efficiency motors that are used in electric cars, industrial and HVAC applications.

KEY BENEFITS
The report provides an overview of the global market, with special reference to market trends, market structure, driving factors, challenges in the industry, scope and opportunities in the electric motor marketPorters Five Forces model is used to analyze the potency of buyers & suppliers, and the competitive structure of the market, which would enable market players to develop effective strategiesThe segmental study of the global market provides in-depth analysis of the type of motors, latest technologies in the market, their applications and end users of the motors in various geographiesThe current and future trends on the global market enhance the attractiveness of the marketDrivers & opportunities are examined to identify the current factors, which are responsible for the growth of the market, and upcoming technologies that would help the market to grow in futureValue chain analysis provides a systematic study of the key intermediaries involved, which would in turn help the stakeholders to formulate appropriate strategies

KEY MARKET SEGMENTS
The global electric motors market is segmented by type of motors, output power, applications and geography.Market by Motor TypeAlternating Current (AC) MotorSynchronous AC MotorInduction AC MotorDirect Current (DC) MotorBrushed DC MotorBrushless DC MotorHermetic MotorsMarket by Output PowerIntegral Horsepower (IHP) OutputFractional Horsepower (FHP) OutputMarket by ApplicationIndustrial machineryMotor VehiclesHeating Ventilating and Cooling (HVAC) equipmentsHousehold appliancesAerospace and TransportationOther Commercial ApplicationsMarket by GeographyNorth AmericaEuropeAsia PacificLAMEA

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