Electric Motor Market 2022 : Latest Trends, Application, Type, Company Coverage, Geography And Forecast To 2028
The Electric Motor Market Size anticipates growing at a spiraling pace during the forthcoming years. Electric Motor are effective in reducing the shocks and vibrations that arise from friction. The demand for lowering friction in several high-speed machines is expected to significantly aid the market. Fortune Business Insights™ has presented this information in an upcoming report titled, “Electric Motor Market, 2021-2028”. The report highlights the different factors boosting the market growth. For instance, aerodynamic bearings possess excellent features like longer service life, higher rotational power, and outstanding thermal stability. These features are expected to enhance market penetration and thereby increase the demand for aerodynamic bearings in several industries.
Report Coverage:
The report follows an innovative methodology using top-down and bottom-up approaches for a holistic assessment of the prospected market. The report also incorporates PESTLE Analysis and Porter’s Five Forces Analysis for an infallible prediction of the market. The information presented in the report is gathered through interviews with multiple stakeholders at regional, country, and global levels. The report presents data on the competitive landscape of the aerodynamic bearings market and highlights recent industry developments, including details on new product launches, key market trends, expansions, and acquisitions, etc.
Segmentation:
By Motor Type
AC Motors
DC Motors
Hermetic Motors
By Power Output
Fractional Horsepower (Up to 1HP)
Integral Horsepower (Above 1HP)
By Voltage
Up to 1 kV
1 kV-6.6 kV
Above 6.6 kV
By Application
Industrial Machinery
Motor Vehicles
HVAC Equipment
Electrical Appliances
Others
By End-User
Industrial
Commercial
Residential
Agriculture
Transportation
Drivers Restraints:
According to the International Energy Agency, energy-related CO2 emissions fell by around 5.8% worldwide in 2020 due the reduced energy demand. The coronavirus led to lockdown measures announced by the government agencies that led to limited mobility and halted industrial applications. However, the problem of vehicular emissions still exists and the growing concerns regarding the depleted air quality have propelled the manufacturers to adopt renewable energy sources.
Regional Insights:
North America to Bag the Largest Share of Growth
North America is anticipated to hold the largest slice in global Electric Motor market share due to the existing regional players like Hovair Systems Inc., PI Nelson Air Corp, Honeywell International Inc., Capstone Turbine Corporation, etc.
Asia Pacific is expected to lay hold off a significant share in market growth. The increasing demand from the automotive industry is expected to immensely stimulate market growth. The smartphone market attributes to the large consumption of semiconductors, which is, in turn, spurring the Electric Motor market growth. Being a global industrial manufacturing hub, China is expected to open new doors of opportunities for the aerostatic bearings market in the Asia Pacific.
Europe is expected to demonstrate significant growth during the forthcoming years. Major players like Bladon Jets, IBS precision Engineering, and Electric Motor Ltd. are expected to positively affect the market growth. Also, the increasing adoption by the industrial sector for aerostatic bearings is expected to thrive in the market.
The Rest of the World is expected to show considerable growth, mainly due to the increasing demand in South America and the Middle East Africa
List of Key Players in Electric Motor Market:
ABB Group
Siemens Ag
WEG SA
TECO
Regal Beloit Corporation
Nidec Corporation
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