Market Overview:
The global hermetic compressor motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hermetic compressor motors in residential, commercial, and industrial applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. On the basis of type, the global hermetic compressor motors market can be segmented into single-phase and three-phase motors. The three-phase motor segment is expected to account for a larger share of this market than the single-phase motor segment during the forecast period. This can be attributed to its higher efficiency as compared to single-phase motors and its ability to handle high power loads without any problems. On the basis of application,the global hermetic compressor motorsmarket can be divided into residential, commercial, and industrial applications.
Product Definition:
Hermetic compressor motors are used in a variety of applications where a reliable, long-lasting motor is required. They are often used in refrigeration and air conditioning systems, as well as various industrial applications. Hermetic compressor motors are important because they provide a long-lasting, reliable source of power for these systems.
Single Phase:
Single-phase AC motor is the simplest type of electric motor. It has only one electrical phase that produces rotary motion. The single-phase AC motors are widely used in various applications such as air conditioners, refrigerators and other home appliances, industrial machinery and equipment, automotive industry (for starting purposes), electronic toys & games and medical devices among others.
Three-Phase:
The three-phase motor is a type of electric motor used in hermetic compressor motors. It consists of three windings, namely, primary (red), secondary (yellow), and tertiary (green) windings which are connected to the power source. The name “Three-Phase” comes from the fact that there are three wires coming out from the electrical box for connecting it to an electric outlet.
Application Insights:
The industrial application segment accounted for the largest share of more than 50% in 2017. The growth is attributed to the rising demand from various industries such as oil & gas, power generation and medical equipment. In addition, these products are used in applications such as air handling units, which require high reliability and durability.
The commercial application segment is expected to witness a CAGR of XX% over the forecast period owing to increasing construction activities across major economies including China, India and Australia due to growing population coupled with improved economic conditions has led to an increase in building & construction activities resulting in higher product demand for hermetic compressors motors on account of their ability provide reliable performance at low cost which will further boost market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rapid urbanization and rising disposable income. China is projected to remain a key consumer for hermetic compressors owing to its large-scale construction activities, which drive the demand from residential as well as commercial applications.
Europe accounted for more than 25% of total revenue share in 2017 on account of high product penetration due to early adoption by several major industries operating across various sectors including food & beverage, automotive, marine etc.
Growth Factors:
- Increasing demand for energy-efficient and reliable equipment
- Rapid industrialization in developing countries
- Technological advancements in compressor motors
- Rising awareness about the benefits of hermetic compressor motors
- Growing demand from end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Hermetic Compressor Motors Market Research Report
By Type
Single Phase, Three-Phase
By Application
Residential, Commercial, Industrial
By Companies
Regal Beloit, Aichi Electric Co, Lawkim (Godrej), ABB, LG, Hidria, Nidec, Ametek, Peerless Electric(HBD Industries), Rockwell Automation, Regal Beloit, Yasukawa, Mitsubishi Electric, Fuji Electric, Siemens, Chunin, Gmcc & Welling, Zhuhai Kaibang, Johnson Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Hermetic Compressor Motors Market Report Segments:
The global Hermetic Compressor Motors market is segmented on the basis of:
Types
Single Phase, Three-Phase
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Regal Beloit
- Aichi Electric Co
- Lawkim (Godrej)
- ABB
- LG
- Hidria
- Nidec
- Ametek
- Peerless Electric(HBD Industries)
- Rockwell Automation
- Regal Beloit
- Yasukawa
- Mitsubishi Electric
- Fuji Electric
- Siemens
- Chunin
- Gmcc & Welling
- Zhuhai Kaibang
- Johnson Electric
Highlights of The Hermetic Compressor Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Phase
- Three-Phase
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hermetic Compressor Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hermetic compressor motor is a type of electric motor that uses a sealed chamber to compress air or gas. This compression creates an increase in pressure, which powers the motor.
Some of the major companies in the hermetic compressor motors market are Regal Beloit, Aichi Electric Co, Lawkim (Godrej), ABB, LG, Hidria, Nidec, Ametek, Peerless Electric(HBD Industries), Rockwell Automation, Regal Beloit, Yasukawa, Mitsubishi Electric, Fuji Electric, Siemens, Chunin, Gmcc & Welling, Zhuhai Kaibang, Johnson Electric.
The hermetic compressor motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hermetic Compressor Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hermetic Compressor Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hermetic Compressor Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hermetic Compressor Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hermetic Compressor Motors Market Size & Forecast, 2018-2028
4.5.1 Hermetic Compressor Motors Market Size and Y-o-Y Growth
4.5.2 Hermetic Compressor Motors Market Absolute $ Opportunity
Chapter 5 Global Hermetic Compressor Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hermetic Compressor Motors Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three-Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hermetic Compressor Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hermetic Compressor Motors Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hermetic Compressor Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hermetic Compressor Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hermetic Compressor Motors Analysis and Forecast
9.1 Introduction
9.2 North America Hermetic Compressor Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hermetic Compressor Motors Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three-Phase
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hermetic Compressor Motors Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hermetic Compressor Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Hermetic Compressor Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hermetic Compressor Motors Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three-Phase
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hermetic Compressor Motors Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hermetic Compressor Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hermetic Compressor Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hermetic Compressor Motors Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three-Phase
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hermetic Compressor Motors Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hermetic Compressor Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Hermetic Compressor Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hermetic Compressor Motors Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three-Phase
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hermetic Compressor Motors Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hermetic Compressor Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hermetic Compressor Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hermetic Compressor Motors Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three-Phase
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hermetic Compressor Motors Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hermetic Compressor Motors Market: Competitive Dashboard
14.2 Global Hermetic Compressor Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Regal Beloit
14.3.2 Aichi Electric Co
14.3.3 Lawkim (Godrej)
14.3.4 ABB
14.3.5 LG
14.3.6 Hidria
14.3.7 Nidec
14.3.8 Ametek
14.3.9 Peerless Electric(HBD Industries)
14.3.10 Rockwell Automation
14.3.11 Regal Beloit
14.3.12 Yasukawa
14.3.13 Mitsubishi Electric
14.3.14 Fuji Electric
14.3.15 Siemens
14.3.16 Chunin
14.3.17 Gmcc & Welling
14.3.18 Zhuhai Kaibang
14.3.19 Johnson Electric
