About Electric Motors Market
Electric motors are mechanical devices that convert electrical energy into mechanical energy through the process of electromagnetism in the stator and rotor windings. They are used in diverse industrial applications such as blowers and pumps, industrial fans, power tools, machine tools, and desk drives. The automobile industry is one of the major end-users of electric motors. It holds nearly 30%-35% of the global electric motors market.
Also, emerging countries such as India, China, Vietnam, Brazil, Mexico, Nigeria, and Poland are expected to register steady growth in the industrial environment due to the establishment of global businesses in these countries due to low cost and increasing number of plants being set up across various end-user industries. This rise in industrialization will increase the demand for electric motors from end-user sectors in these countries, driving the growth of the global electric motors market.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Electric Motors Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Electric Motors Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Electric motors are mechanical devices that convert electrical energy into mechanical energy through the process of electromagnetism in the stator and rotor windings. They are used in diverse industrial applications such as blowers and pumps, industrial fans, power tools, machine tools, and desk drives. The automobile industry is one of the major end-users of electric motors. It holds nearly 30%-35% of the global electric motors market.
Also, emerging countries such as India, China, Vietnam, Brazil, Mexico, Nigeria, and Poland are expected to register steady growth in the industrial environment due to the establishment of global businesses in these countries due to low cost and increasing number of plants being set up across various end-user industries. This rise in industrialization will increase the demand for electric motors from end-user sectors in these countries, driving the growth of the global electric motors market.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Electric Motors Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Electric Motors Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
- Rise in industrialization
- For a full, detailed list, view our report
Category constraints
- The challenges in the assessment of suppliers
- For a full, detailed list, view our report
Procurement best practices
- To engage with suppliers that are highly efficient in providing predictive maintenance
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients and Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- ABB
- Siemens
- Denso Corporation
- Nidec
- General Electric
PART 8: APPENDIX
- Glossary
- Key Notes
Executive Summary
New Report Released: Global Electric Motors Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Electric Motors Category - Procurement Market Intelligence Report: ABB, Siemens, Denso Corporation, Nidec, and General Electric.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with suppliers that are highly capable of predictive maintenance of electric motors.”
According to the report, one of the key growth contributors for the global electric motors market is the increase in the production of electric vehicles, including cars and motorcycles.
Further, the report states that a major procurement challenge experienced by the buyers is the difficulty in assessing the expected maintenance cost during procurement.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- ABB
- Siemens
- Denso Corporation
- Nidec
- General Electric
Methodology
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