1. Market Research
  2. > Electronics
  3. > Industrial Electronics Market Trends
Electric Motors Market in North America, Forecast to 2024

Electric Motors Market in North America, Forecast to 2024

  • February 2020
  • 129 pages
  • ID: 5873686
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

This research presents the forecast scenario in the North American electric motors market from 2020 to 2024 –including sales by geographic regions, motor technologies, motor power ratings and major end-user industries.

Geographic segments included are the United States and Canada.

Motor technologies included are AC Induction/Asynchronous motor; AC Synchronous, which includes Permanent Magnet AC (PMAC) motor, reluctance motor and other synchronous motors; Brushed DC motor; brushless DC motor or electronically commutated motor; and servo & stepper motor.

End-user segments include metals & mining, oil & gas, electric power generation, chemicals and petrochemicals, water and wastewater treatment, food & beverage, other process industries, discrete industries, medical devices and building automation, marine, heating, ventilation and air conditioning (HVAC), lawn and gardening equipment, and traction.

In addition, this study discusses the competitive revenues and market shares in 2019 and the technology and business trends that are expected to impact the market from 2019 to 2024.

The adoption of permanent magnet (PM) alternative current (AC) motors increased in 2019 due to their advantages such as space savings and higher energy efficiency.

The sale of electronically commutated (EC) motors (also known as brushless direct current (DC) motors) is likely to remain higher than the market average growth in 2018. The increasing percentage of fans, blowers, water pumps, industrial robots and medical devices fitted with these motors will drive the market in 2019.

Revenue growth for the market is being enabled by the long-term trends of increasing electrification trend and end-users' willingness to invest in higher energy efficient technologies in order to reduce their operating cost and also their carbon footprint (in order to market themselves as green companies.

Constant investments into segments such as oil & gas, water & wastewater treatment enabled by growing demand for natural gas liquefaction and transportation are likely to be instrumental in boosting the revenue growth for electric motors from 2020 to 2024.

Expected increase in the uptake of electric vehicles (EVs) and hybrid electric vehicles (HEVs) will lead to an increase in the demand for traction motors used in these vehicles.

Market revenue in $ million has been provided for 2 countries, 7 product segments by motor technology, 3 product segments by motor power and voltage rating and 13 end-user segments.

The research estimates the motors market size from 2016 to 2019 and provides a forecast for the market for the period from 2020 to 2024.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on