Rise in awareness of green vehicles and increase in government initiatives to reduce carbon emissions contribute to the growth of the electric motor market. Thus, market players launch various electric cars to cater to the increase in customer demands. For example, Tesla launched Model S, Model 3, and others in North America, and is expected to introduce its next electric car in the European market. Siemens AG launched eco-friendly and energy-efficient electric motor such as products under SIMOTICS portfolio. 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 motor type, output power, voltage range, application, speed, and geography. By type, the market is categorized as AC, DC, and hermetic motors. AC motors are further bifurcated into synchronous and induction motors, whereas DC motors into brushed and brushless DC motors. Based on application, the global electric motor market is classified into industrial machinery; motor vehicles (automobiles); heating, ventilating, and cooling (HVAC) equipment, household appliances; aerospace & transportation; and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report provides an overview of the trends, structure, drivers, challenges, and opportunities in the electric motor market.
Porters Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to develop effective strategies in the global electric motor market.
The current and future trends are provided to enhance the potential in electric motor market.
Value chain analysis provides a systematic study of the key intermediaries involved, which helps stakeholders to formulate appropriate strategies.
Key market segments
Alternate Current (AC) Motor
Synchronous AC Motor
Induction AC Motor
Direct Current (DC) Motor
Brushed DC Motor
Brushless DC Motor
By output power
Integral Horsepower (IHP)
Fractional Horsepower (FHP)
By voltage range
9V & below
60V and above
Aerospace & Transportation
Other Commercial Applications
Low speed (less than 1,000 rpm)
Medium speed (1,001 to 25,000 rpm)
High speed (25,001 to 75,000 rpm)
Ultra-high speed (greater than 75,001 rpm)
Key vendors profiled in the report
ARC Systems, Inc.
Asmo Co., Ltd.
Brook Crompton UK Ltd
Dr. Fritz Faulhaber GMBH
Maxon Motors AG
Regal Beloit Corporation
Rockwell Automation, Inc.
Companies mentioned in the report
Other companies mentioned in the electric motor market report include Whirlpool Corporation, Toyota, Sony Corporation, Bayer AG, DuPont or E. I. du Pont de Nemours and Company, ATI Allegheny Ludlum, Nippon Steel, British Steel Corporation, ThyssenKrupp AG, SAC Armco, Kawasaki Steel Corporation, Redi Services, IHI Corporation, Bechtel Group, MAN AG, Valeo, Tesla Motors, The National Electrical Manufacturers Association (NEMA), Harley - Davidson, Pitman Motors, Elco, GEA Refrigeration Technologies, Embraco, Trane, Century Electric Motors, Eastland Industries, Inc., BDI, Sissco Hoist & Crane, American Crane & Equipment Corp., Bruce Electric Equipment Corp, WEG Electric Corp., Thrush Co. Inc., Arc Systems, Inc., Wolters Motors & Drives, National Liftgate Parts, Inc., EDAC Corp., WESCO, Accurate Electric Motor & Pump Co., Reily Electrical Supply, Inc., Schunk Group, Hansen Motors, ATS Automation Tooling Systems, Inc., Aerotech Inc., Transicold LLC, Bison Gear & Engineering Corp., Leeson Electric, A Regal Beloit Co., Shenzhen Kinmore Motor Co. Ltd, Tianjin Benma Electric Motor Co. Ltd., Connaught Motor (Shenzhen) Co., Ltd., Shenzhen Xin Dong Hui Motor Technology Co., Ltd., LEESON Electric, Adafruit Industries, Mabuchi Motor Company, The Bosch Group, uxcell, A. O. Smith, Grizzly, Nextrox, AmpFlow, Kohree, Dayton, Packard, RioRand, Century Electric Motors, Smith & Jones, North American Electric, Inc, Itron Inc. (ITRI), Toshiba Mitsubishi-Electric India (TMEIC India), Al-Quraishi Electrical Services of Saudi Arabia (AQESA), TECO Electric and Machinery Co. Ltd., Microsoft Corporation, and Ameya Transmissions, Cemp S.r.l.
1.1 Report Description
1.2 Key Benefits
1.3 Key segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO Perspective
2.2 Market Beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting factors
3.2.2 Top investment pockets in global electric motors market
3.2.3 Top wining strategies
3.3 Porters five forces analysis
3.3.1 Low concentration of Buyers, lowering the Bargaining Power of Buyer
3.3.2 Differentiated product increases the Bargaining power of supplier
3.3.3 Unavailiability of substitutes for eletcric motors lead to minimal threat from substitutes.
3.3.4 Oligopoly and Perfect competition in the global market balances the competition in the industry
3.3.5 High initial investment lowers the threat of new entrants in the market
3.4 Market share analysis-2013
3.5 Case Studies
3.6 Market drivers
3.6.1 Energy Efficient Electric Motors
3.6.2 Increasing demand by agricultural and industrial sector
3.6.3 Rising awareness about electric and green vehicles amongst customers
3.6.4 Government Funding for the high efficient electric motor
3.6.5 Upsurge in requirement for HVAC applications
3.7.1 High initial cost of motors
3.8.1 Standardization in Emerging markets
CHAPTER 4 GLOBAL ELECTRIC MOTOR MARKET BY MOTOR TYPES
4.1 Alternating Current (AC) Motor
4.1.1 Synchronous AC Motor
126.96.36.199 Key market trends
188.8.131.52 Competitive Scenario
184.108.40.206 Key growth factors and opportunities
220.127.116.11 Market Size and Forecast
4.1.2 Induction AC Motor
18.104.22.168 Key market trends
22.214.171.124 Competitive Scenario
126.96.36.199 Key growth factors and opportunities
188.8.131.52 Market Size and Forecast
4.2 Direct Current (DC) Motor
4.2.1 Brushed DC Motor
184.108.40.206 Key market trends
220.127.116.11 Competitive Scenario
18.104.22.168 Key growth factors and opportunities
22.214.171.124 Market Size and Forecast
4.2.2 Brushless DC Motor
126.96.36.199 Key market trends
188.8.131.52 Competitive Scenario
184.108.40.206 Key growth factors and opportunities
220.127.116.11 Market Size and Forecast
4.3 Hermetic motors
4.3.1 Key Trends
4.3.2 Competitive Scenario
4.3.3 Key growth factors and opportunities
4.3.4 Market Size and forecast
CHAPTER 5 GLOBAL ELECTRIC MOTOR MARKET BY OUTPUT POWER
5.1 Integral Horsepower (IHP) Output
5.1.1 Key market trends
5.1.2 Competitive Scenario
5.1.3 Key growth factors and opportunities
5.1.4 Market Size and Forecast
5.2 Fractional Horsepower (FHP) Output
5.2.1 Key market trends
5.2.2 Competitive Scenario
5.2.3 Key growth factors and opportunities
5.2.4 Market Size and Forecast
CHAPTER 6 GLOBAL ELECTRIC MOTOR MARKET BY APPLICATIONS
6.1 Industrial Machinery
6.1.1 Market size and forecast
6.2 Motor Vehicles
6.2.1 Market size and forecast
6.3 Heating Ventilating and Cooling (HVAC) Equipment
6.3.1 Market size and forecast
6.4 Aerospace and Transportation
6.4.1 Market size and forecast
6.5 Household Appliances
6.5.1 Market size and forecast
6.6 Other Commercial Applications
6.6.1 Market size and forecast
CHAPTER 7 GLOBAL ELECTRIC MOTORS MARKET BY GEOGRAPHY
7.1 North America
7.1.1 Key market trends
7.1.2 Competitive Scenario
7.1.3 Key growth factors and opportunities
7.1.4 Market Size and Forecast
7.2.1 Key market trends
7.2.2 Competitive Scenario
7.2.3 Key growth factors and opportunities
7.2.4 Market Size and Forecast
7.3 Asia Pacific
7.3.1 Key market trends
7.3.2 Competitive Scenario
7.3.3 Key growth factors and opportunities
7.3.4 Market Size and Forecast
7.4.1 Key market trends
7.4.2 Competitive Scenario
7.4.3 Key growth factors and opportunities
7.4.4 Market Size and Forecast
CHAPTER 8 COMPANY PROFILES
8.1 Ametek Inc.
8.1.1 Company Overview
8.1.2 Business performance
8.1.3 Strategic moves and development
8.1.4 SWOT Analysis
8.2 Allied Motion Technologies, Inc
8.2.1 Company Overview
8.2.2 Business performance
8.2.3 Strategic moves and development
8.2.4 SWOT Analysis
8.3 Baldor Electric Company, Inc. (ABB Group)
8.3.1 Company Overview
8.3.2 Business performance
8.3.3 Strategic moves and development
8.3.4 SWOT Analysis
8.4.1 Company Overview
8.4.2 Business performance
8.4.3 Strategic moves and development
8.4.4 SWOT Analysis
8.5 Johnson Electric Holdings Ltd.
8.5.1 Company Overview
8.5.2 Business performance
8.5.3 Strategic moves and development
8.5.4 SWOT Analysis
8.6 Rockwell Automation, Inc
8.6.1 Company Overview
8.6.2 Business performance
8.6.3 Strategic moves and development
8.6.4 SWOT Analysis
8.7 Franklin Electric Co., Inc.
8.7.1 Company Overview
8.7.2 Business performance
8.7.3 Strategic moves and development
8.7.4 SWOT Analysis
8.8 Asmo Co., Ltd.
8.8.1 Company overview
8.8.2 Strategic moves and development
8.8.3 SWOT Analysis
8.9 ARC Systems, Inc
8.9.1 Company overview
8.9.2 Strategic moves and development
8.9.3 SWOT Analysis
8.10 Brook Crompton UK Ltd
8.10.1 Company overview
8.10.2 Strategic moves and development
8.10.3 SWOT Analysis
Presently, the demand for energy efficient electric motors drives the electric motors market. Although these motors are expensive as compared to conventional motors, the long term environmental benefits offered by premium motors tend to outweigh their initial higher cost. Energy efficient motors increase the efficiency of the machines by approximately 20% as compared to standard motors, which, in-turn, saves the cost of energy consumed. The demand for energy efficient electric motors can be attributed to factors such as the growing electricity cost and rising automobile fuel prices. AC motors are largely used across various industrial applications, whereas DC motors generally find major application in the automobile sector.
AC motors accounted for the highest revenue generating motor among all type of motors in 2014. Synchronous and Induction are the two main types of AC motors discussed in the report. Brushed and brushless are two major type DC motors discussed in the report. Owing to low maintenance cost, brushless DC motors are majorly used in small applications across various sectors, which has led the brushless type of DC motor to generate higher revenue in DC motor segment. Among all the three types, Hermetic motors are expected to witness the highest CAGR of 7.4% during the forecast period (2015 2020). The growth would be driven by the increasing use of HVAC applications across the world, in turn creating demand for hermetic motors.
Fractional Horsepower (FHP) Output motors are popularly used for small applications across medical, automotive, residential and industrial manufacturing sectors, occupying nearly 88% of market share in output power segment of electric motors market. However, the Integral Horsepower (IHP) Output motor would register a higher growth over the forecast period due to the increasing demand for the use of IHP motors in water industry and for irrigation purposes.
Key findings of Electric Motors Market
Asia Pacific was the highest revenue generating region in the world electric motor market and would consolidate its position over the forecast period
Brushless DC motor is the leading segment in the DC motor market, forecast to register CAGR of 4.6% during 2015 - 2020
Integral Horsepower (IHP) Output motor would register a double digit CAGR during the forecast period (2015-2020)
Motor vehicles accounts for highest revenue generating segment in the electric motors market
Mergers and acquisitions are identified as prominent development strategies adopted by manufacturers in the market. Allied Motion Technologies Incorporation recently acquired Globe Motors, a precision quality grade electric motor manufacturer. This acquisition has enabled Allied Motion Technologies to provide innovative products and customized solutions to its customers. Prominent Players 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.
- Ametek Inc.
- Allied Motion Technologies, Inc
- Baldor Electric Company, Inc. (Abb Group)
- Johnson Electric Holdings Ltd.
- Rockwell Automation, Inc
- Franklin Electric Co., Inc.
- Asmo Co., Ltd.
- Arc Systems, Inc
- Brook Crompton Uk Ltd
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