Market Overview:
The global industrial electric motor 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 electric motors in various industries such as power generation, mining and metal, industrial machinery, and others. In addition, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global industrial electric motor market can be segmented into high voltage motors and low voltage motors. The high voltage motor segment is expected to account for a larger share of this market during the forecast period owing to its higher efficiency as compared to low voltage motors. Based on application, the global industrial electric motor market can be divided into power generation, mining and metal processing, industrial machinery manufacturing, and others (including food & beverage processing). The power generation segment is estimated to account for a major share of this market during the forecast period owing to rising demand for electricity across the globe.
Product Definition:
An industrial electric motor is a type of motor that is used in industry to power machines. Industrial electric motors are typically larger than other types of electric motors, and they can be powered by either AC or DC current. Industrial electric motors are important because they provide the power that machines need to run.
High Voltage Motor:
High voltage (HV) motors are used in industrial applications such as material handling, packaging machinery, and assembly lines. They are also used in various other industries such as oil & gas, chemical processing and power generation. HV motor is a type of electric motor which uses high voltage supply for the operation instead of standard voltage supply used by low-voltage motors.
Low Voltage Motor:
Low voltage motor (LV) is a type of electric motor that operates at low power levels typically ranging from 0.75 kW to 1.5kW.
Application Insights:
The industrial machinery segment dominated the global industry electric motor market in terms of revenue share in 2017. The growth can be attributed to the rising demand for heavy-duty industrial motors that are used for a wide range of applications including material handling, construction equipment, agricultural equipment and others.
The power generation segment is expected to witness significant growth over the forecast period owing to increasing investments in various countries across Asia Pacific and Latin America for developing coalitions for electricity generation through thermal sources. This is anticipated to result in higher demand over the coming years from countries such as China Japan India Australia New Zealand which have been making huge investments on generating electricity through coal plants.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to rapid industrialization and urbanization. Growing population in these developing nations has led to an increase in consumer spending on household electricity usage as well as industrial applications across various sectors such as construction, manufacturing, transportation etc., which will further boost regional demand for electric motors over the forecast period.
China accounted for a major share of Asia Pacific market revenue due to strong economic growth coupled with increasing per capita income of consumers along with rising investments from foreign players operating within China’s domestic electric motor industry space. Furthermore growing automotive production across key Asian economies such as India and Thailand are anticipated to drive product demand further over the coming years thus complementing regional growth prospects over the next eight years or so until 2030 AD (Year-on-Bil).
Growth Factors:
- Increasing demand from the automotive sector: The industrial electric motor market is expected to benefit from the increasing demand for electric vehicles. This is because electric vehicles require a large number of motors for various applications such as power steering, gearbox, air conditioning, and others.
- Growing investments in renewable energy: The industrial electric motor market is also expected to benefit from the growing investments in renewable energy sources such as solar and wind power. This is because these sources require a large number of motors for various applications such as pumping water or generating electricity.
- Rising urbanization and industrialization: Another key growth driver for the industrial electric motor market is rising urbanization and industrialization across the globe. This has led to an increase in the demand for advanced electrical equipment including motors used in various industries such as manufacturing, transportation, and others.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Electric Motor Market Research Report
By Type
High Voltage Motor, Low Voltage Motor
By Application
Power Generation, Mining & Metal, Industrial Machinery, Others
By Companies
ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI FORVORDA, Ametek, Allied Motion, JEUMONT
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Electric Motor Market Report Segments:
The global Industrial Electric Motor market is segmented on the basis of:
Types
High Voltage Motor, Low Voltage Motor
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
Power Generation, Mining & Metal, Industrial Machinery, Others
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:
- ABB
- Siemens
- Mitsubishi
- GE
- HITACHI
- Nidec
- Toshiba
- Regal Beloit
- WEG
- Teco
- Emerson
- MEIDENSHA
- Wolong Electric
- Rockwell Automation
- Franklin Electric
- Zhongda Motor
- XIZI FORVORDA
- Ametek
- Allied Motion
- JEUMONT
Highlights of The Industrial Electric Motor 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:
- High Voltage Motor
- Low Voltage Motor
- By Application:
- Power Generation
- Mining & Metal
- Industrial Machinery
- Others
- 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 Industrial Electric Motor 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?
An industrial electric motor is a type of electric motor used in industrial applications. These motors are often used to power equipment such as fans, pumps, and other machinery.
Some of the major companies in the industrial electric motor market are ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, Emerson, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI FORVORDA, Ametek, Allied Motion, JEUMONT.
The industrial electric motor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Electric Motor 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 Industrial Electric Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Electric Motor 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 Industrial Electric Motor 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 Industrial Electric Motor Market Size & Forecast, 2018-2028
4.5.1 Industrial Electric Motor Market Size and Y-o-Y Growth
4.5.2 Industrial Electric Motor Market Absolute $ Opportunity
Chapter 5 Global Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Type
5.2.1 High Voltage Motor
5.2.2 Low Voltage Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Mining & Metal
6.2.3 Industrial Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Electric Motor 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 Industrial Electric Motor 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 Industrial Electric Motor Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Type
9.6.1 High Voltage Motor
9.6.2 Low Voltage Motor
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 Industrial Electric Motor Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Mining & Metal
9.10.3 Industrial Machinery
9.10.4 Others
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 Industrial Electric Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Type
10.6.1 High Voltage Motor
10.6.2 Low Voltage Motor
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 Industrial Electric Motor Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Mining & Metal
10.10.3 Industrial Machinery
10.10.4 Others
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 Industrial Electric Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Type
11.6.1 High Voltage Motor
11.6.2 Low Voltage Motor
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 Industrial Electric Motor Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Mining & Metal
11.10.3 Industrial Machinery
11.10.4 Others
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 Industrial Electric Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Electric Motor 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 Industrial Electric Motor Market Size Forecast by Type
12.6.1 High Voltage Motor
12.6.2 Low Voltage Motor
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 Industrial Electric Motor Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Mining & Metal
12.10.3 Industrial Machinery
12.10.4 Others
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) Industrial Electric Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Electric Motor 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) Industrial Electric Motor Market Size Forecast by Type
13.6.1 High Voltage Motor
13.6.2 Low Voltage Motor
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) Industrial Electric Motor Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Mining & Metal
13.10.3 Industrial Machinery
13.10.4 Others
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 Industrial Electric Motor Market: Competitive Dashboard
14.2 Global Industrial Electric Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Mitsubishi
14.3.4 GE
14.3.5 HITACHI
14.3.6 Nidec
14.3.7 Toshiba
14.3.8 Regal Beloit
14.3.9 WEG
14.3.10 Teco
14.3.11 Emerson
14.3.12 MEIDENSHA
14.3.13 Wolong Electric
14.3.14 Rockwell Automation
14.3.15 Franklin Electric
14.3.16 Zhongda Motor
14.3.17 XIZI FORVORDA
14.3.18 Ametek
14.3.19 Allied Motion
14.3.20 JEUMONT
