Electric Motor Sales Market to Record 6.12% Y-O-Y Growth Rate in 2022, Transition of the Global Automotive Industry to EV and Robotic Technologies to Boost Growth - Technavio

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Oct 03, 2022, 05:15 ET

NEW YORK, Oct. 3, 2022 /PRNewswire/ -- The Electric Motor Sales Market is set to grow by USD 52.69 bn during 2022-2026, progressing at a CAGR of 6.38% during the forecast period, according to Technavio. The electric motor sales market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. ABB Ltd., Allied Motion Technologies Inc., AMETEK Inc., Arc Systems Inc., Brook Crompton Group, Denso Corp., Franklin Electric Co. Inc., Hyosung Heavy Industries Corp., Johnson Electric Holdings Ltd, maxon motor AG, Nidec Corp., are some of the major market participants. The electric motor sales market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the revenue, consumer base, and prospects of the leading companies.

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Electric Motor Sales Market 2022-2026: Scope

Electric Motor Sales Market size
Electric Motor Sales Market trends
Electric Motor Sales Market industry analysis

Electric Motor Sales Market in US 2022-2026: Drivers & challenges

The transition of the global automotive industry to EV and robotic technologies is one of the major drivers impacting electric motor sales market growth. The global automotive industry is transitioning to electromobility as EV technology undergoes major changes. In Europe, EVs equipped with electric motors are becoming more popular as a result of active efforts to create a decarbonized society. Advances in battery technology have reduced battery costs and increased charging speeds. Increased government support in the form of tax breaks and incentives to promote eco-friendly EVs with electric motors also provides growth opportunities for the electric motor sales market. According to the IEA, China is expected to make up 50% of the world's EV fleet by 2025. Furthermore, emerging robotics technology is likely to present some opportunities for European market players in selling electric motors shortly during the forecast period.

However, the easy availability of low-cost electric motors is one of the major challenges impeding electric motor sales market growth. The electric motor sales market is highly fragmented, with many domestic and foreign players. Product quality is a key differentiator in this market. The organized sector of the electric motor sales market mainly caters to industrial buyers and maintains excellent product quality, while the unorganized sector offers a cost-effective market for developing local markets. In most countries, local electric motor makers target unorganized sectors and fiercely compete with global suppliers in their respective markets. Major market players now face stiff competition from such unorganized suppliers of low-cost and inferior quality electric motors. This will hamper the growth of the electric motor sales market during the forecast period.

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Electric Motor Sales Market 2022-2026 : Segmentation

Electric Motor Sales Market is segmented as below:

Application

Industrial
Residential
Commercial

Geography

APAC
Europe
North America
South America
Middle East And Africa

Electric Motor Sales Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist electric motor sales market growth during the next five years
Estimation of the electric motor sales market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the electric motor sales market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of electric motor sales market vendors

Related Reports:

Electric Motor Sales Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.38%
Market growth 2022-2026	USD 52.69 billion
Market structure	Fragmented
YoY growth (%)	6.12
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 47%
Key consumer countries	US, China, Germany, France, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABB Ltd., Allied Motion Technologies Inc., AMETEK Inc., Arc Systems Inc., Brook Crompton Group, Denso Corp., Franklin Electric Co. Inc., Hyosung Heavy Industries Corp., Johnson Electric Holdings Ltd, maxon motor AG, Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, TECO Electric and Machinery Co. Ltd., TOSHIBA CORP, WEG SA, and Wolong ELectric Group
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Industrial - Market size and forecast 2021-2026

Exhibit 28: Chart on Industrial - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Industrial - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Industrial - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

5.4 Residential - Market size and forecast 2021-2026

Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)

5.5 Commercial - Market size and forecast 2021-2026

Exhibit 36: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibit 37: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibit 38: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

5.6 Automotive - Market size and forecast 2021-2026

Exhibit 40: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 41: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
Exhibit 42: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Application

Exhibit 44: Market opportunity by Application ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026

Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 US - Market size and forecast 2021-2026

Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026

Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ billion)
Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ billion)
Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 ABB Ltd.

Exhibit 97: ABB Ltd. - Overview
Exhibit 98: ABB Ltd. - Business segments
Exhibit 99: ABB Ltd. - Key news
Exhibit 100: ABB Ltd. - Key offerings
Exhibit 101: ABB Ltd. - Segment focus

10.4 AMETEK Inc.

Exhibit 102: AMETEK Inc. - Overview
Exhibit 103: AMETEK Inc. - Business segments
Exhibit 104: AMETEK Inc. - Key offerings
Exhibit 105: AMETEK Inc. - Segment focus

10.5 Brook Crompton Group

Exhibit 106: Brook Crompton Group - Overview
Exhibit 107: Brook Crompton Group - Key offerings

10.6 Franklin Electric Co. Inc.

Exhibit 108: Franklin Electric Co. Inc. - Overview
Exhibit 109: Franklin Electric Co. Inc. - Business segments
Exhibit 110: Franklin Electric Co. Inc. - Key news
Exhibit 111: Franklin Electric Co. Inc. - Key offerings
Exhibit 112: Franklin Electric Co. Inc. - Segment focus

10.7 Johnson Electric Holdings Ltd

Exhibit 113: Johnson Electric Holdings Ltd - Overview
Exhibit 114: Johnson Electric Holdings Ltd - Business segments
Exhibit 115: Johnson Electric Holdings Ltd - Key offerings
Exhibit 116: Johnson Electric Holdings Ltd - Segment focus

10.8 Regal Rexnord Corp.

Exhibit 117: Regal Rexnord Corp. - Overview
Exhibit 118: Regal Rexnord Corp. - Business segments
Exhibit 119: Regal Rexnord Corp. - Key offerings
Exhibit 120: Regal Rexnord Corp. - Segment focus

10.9 Rockwell Automation Inc.

Exhibit 121: Rockwell Automation Inc. - Overview
Exhibit 122: Rockwell Automation Inc. - Business segments
Exhibit 123: Rockwell Automation Inc. - Key news
Exhibit 124: Rockwell Automation Inc. - Key offerings
Exhibit 125: Rockwell Automation Inc. - Segment focus

10.10 Siemens AG

Exhibit 126: Siemens AG - Overview
Exhibit 127: Siemens AG - Business segments
Exhibit 128: Siemens AG - Key news
Exhibit 129: Siemens AG - Key offerings
Exhibit 130: Siemens AG - Segment focus

10.11 TOSHIBA CORP

Exhibit 131: TOSHIBA CORP - Overview
Exhibit 132: TOSHIBA CORP - Business segments
Exhibit 133: TOSHIBA CORP - Key offerings
Exhibit 134: TOSHIBA CORP - Segment focus

10.12 WEG SA

Exhibit 135: WEG SA - Overview
Exhibit 136: WEG SA - Business segments
Exhibit 137: WEG SA - Key offerings
Exhibit 138: WEG SA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 139: Inclusions checklist
Exhibit 140: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 141: Currency conversion rates for US$

11.4 Research methodology

Exhibit 142: Research methodology
Exhibit 143: Validation techniques employed for market sizing
Exhibit 144: Information sources

11.5 List of abbreviations

Exhibit 145: List of abbreviations

adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

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