Singapore Electric Motor Industry Outlook 2022 - 2026

Key Market Indicators

Singapore's DC Motor market is expected to reach $87.7 million by 2026, growing at an average rate of 2.9% annually from 2021. Since 1994, Singapore's demand for DC motors has increased 19.2% year on year. In 2021, the country ranked 20th in the world, with Australia coming in at first with $21.1 million. Canada, Germany and the UK followed in second, third and fourth place respectively. On the export side, Singapore's DC motor supply is projected to reach $63.3 million by 2026, growing at an average of 3.5% year on year from 2021. Since 1994, Singaporean exports have increased by 3.9% annually. In 2021, the country ranked ninth, with Italy taking the lead at $51.4 million. Germany, the US and France came in second, third and fourth place respectively.

Singapore Electric Motor Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Unearthing Key Trends and Developments in the Global AC Motor Market

  Several factors have coalesced to escalate global demand for AC motors. The rising need for energy-efficient systems plays a significant role in impelling market growth. Governments worldwide are mounting pressure on industrial sectors to reduce their carbon footprint, thereby increasing the demand for eco-friendly and more effective AC motors. Additionally,...

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• Industrial Automation: Mastering the Variable Frequency Drives Market Evolution

  Variable Frequency Drives (VFDs) are integral components in industrial automation, designed to control the speed of an AC induction motor, significantly contributing to the energy efficiency and performance optimization of machinery. They can be applied across a variety of sectors such as manufacturing, pulp & paper, oil & gas, or...

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• Motors Market: Unearthing Pneumatic, Electric AC and DC Innovations and Opportunities

  The motors market is witnessing a shift in technological advancements, markedly observed in pneumatic, electric AC and DC subsets. The challenge of improving efficiency and sustainability has steered innovations, with technological pushes aiming at optimising energy utilization and material efficiency. The advent of smart motor technology, signifying a convergence of...

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• Exploring Performance Variations in Multi and Single-Phase AC Motors: Future Manufacturing Insights

  Alternating current (AC) motors come in two primary types: single-phase and multi-phase. The fundamental difference between the two lies in their design and performance characteristics. Single-phase AC motors are simpler, often used in low-power applications where efficiency and torque control are less critical. These include domestic appliances and smaller commercial...

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• Automation Innovation: Exploring Growth Dynamics in Global Servo Motors and Drives Market

  Automation in various sectors such as manufacturing and production, health care, logistics and transport, along with a push towards the 4th industrial revolution, is contributing to the growth of the servo motors and drives market. The ability of these motors and drives to provide precision, efficiency, and speed, significantly reduces...

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