Market Overview:
The global precision electric 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 electric vehicles and rising industrial automation across the globe. In terms of type, the AC motor segment is expected to hold a major share of the global precision electric motors market during the forecast period. This can be attributed to its high efficiency and low maintenance requirements as compared to DC motors. In terms of application, industrial machinery is expected to hold a major share of the global precision electric motors market during the forecast period.
Product Definition:
A precision electric motor is an electric motor that has been designed for high-precision applications. These motors can be used for a variety of tasks, including positioning and scanning. They are often used in industrial settings, where accuracy is critical.
AC Motor:
An AC motor is a type of electric motor which operates on the principle of creating and controlling a magnetic field by using electrical energy. The main application areas for these motors are in precision electric motors, consumer appliances, medical equipment and toys among others. These products find their usage in various industrial verticals such as automotive & transportation, food processing & packaging machinery manufacturing industries owing to their high torque-speed ratio properties along with low maintenance cost features.
DC Motor:
DC motor is a type of electric motor which uses the principle of magnetic attraction and repulsion for power. DC motors have no mechanical commutators and are self-contained, i.e., they contain no internal mechanism to convert electrical energy into rotary motion as in the case of AC motors.
Application Insights:
The industrial machinery segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The growing demand for electric motors in industries such as construction, mining, automotive and energy is expected to drive the market growth over the coming years. In addition, technological advancements coupled with stringent regulations regarding reduction of emissions from construction equipment are anticipated to further propel industry expansion.
The automotive sector accounted for a considerable share in 2015 owing to increasing demand from passenger cars and light commercial vehicles (LCVs). Growing urbanization along with rising disposable income among emerging middle-class population groups across various regions has led to increased sales of passenger cars and LCVs which has subsequently boosted industry penetration. Furthermore, technological advancements coupled with stringent regulations regarding reduction of vehicular emissions across all major markets including North America Europe Asia Pacific Latin America will further boost electric motors consumption in automobiles applications thereby driving regional precision electric motor market expansion over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and increasing per capita income. Countries such as China, Japan, South Korea, Taiwan have been experiencing strong economic growth owing to their large population coupled with a well-developed industrial sector. These countries are also home to some of the largest automotive markets across the globe which has led them to dominate production as well as export statistics for electric motors across various regions.
The European market was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 To 2030 owing high product demand from several end-use sectors including transportation, electronics & appliances among others.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in renewable energy sources
- Rising trend of automation in various industries
- Proliferation of the Internet of Things (IoT) and big data analytics
- Emergence of new applications for electric motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Electric Motors Market Research Report
By Type
AC Motor, DC Motor
By Application
Industrial Machinery, Automotive, Defense & Aerospace, Household Appliances, Healthcare, Others
By Companies
Siemens, Ametek Incorporation, ARC Systems Incorporation, Asmo Corporation, Yaskawa Electric, Allied Motion Technologies, Brook Crompton UK, Rockwell Automation, Franklin Electric, 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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Precision Electric Motors Market Report Segments:
The global Precision Electric Motors market is segmented on the basis of:
Types
AC Motor, DC 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
Industrial Machinery, Automotive, Defense & Aerospace, Household Appliances, Healthcare, 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:
- Siemens
- Ametek Incorporation
- ARC Systems Incorporation
- Asmo Corporation
- Yaskawa Electric
- Allied Motion Technologies
- Brook Crompton UK
- Rockwell Automation
- Franklin Electric
- Johnson Electric
Highlights of The Precision Electric 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:
- AC Motor
- DC Motor
- By Application:
- Industrial Machinery
- Automotive
- Defense & Aerospace
- Household Appliances
- Healthcare
- 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 Precision Electric 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?
Precision Electric Motors is a company that manufactures electric motors for industrial and commercial applications.
Some of the major companies in the precision electric motors market are Siemens, Ametek Incorporation, ARC Systems Incorporation, Asmo Corporation, Yaskawa Electric, Allied Motion Technologies, Brook Crompton UK, Rockwell Automation, Franklin Electric, Johnson Electric.
The precision electric 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 Precision Electric 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 Precision Electric Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Electric 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 Precision Electric 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 Precision Electric Motors Market Size & Forecast, 2018-2028
4.5.1 Precision Electric Motors Market Size and Y-o-Y Growth
4.5.2 Precision Electric Motors Market Absolute $ Opportunity
Chapter 5 Global Precision Electric 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 Precision Electric Motors Market Size Forecast by Type
5.2.1 AC Motor
5.2.2 DC Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Precision Electric 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 Precision Electric Motors Market Size Forecast by Applications
6.2.1 Industrial Machinery
6.2.2 Automotive
6.2.3 Defense & Aerospace
6.2.4 Household Appliances
6.2.5 Healthcare
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Electric 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 Precision Electric 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 Precision Electric Motors Analysis and Forecast
9.1 Introduction
9.2 North America Precision Electric 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 Precision Electric Motors Market Size Forecast by Type
9.6.1 AC Motor
9.6.2 DC 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 Precision Electric Motors Market Size Forecast by Applications
9.10.1 Industrial Machinery
9.10.2 Automotive
9.10.3 Defense & Aerospace
9.10.4 Household Appliances
9.10.5 Healthcare
9.10.6 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 Precision Electric Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Precision Electric 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 Precision Electric Motors Market Size Forecast by Type
10.6.1 AC Motor
10.6.2 DC 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 Precision Electric Motors Market Size Forecast by Applications
10.10.1 Industrial Machinery
10.10.2 Automotive
10.10.3 Defense & Aerospace
10.10.4 Household Appliances
10.10.5 Healthcare
10.10.6 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 Precision Electric Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Precision Electric 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 Precision Electric Motors Market Size Forecast by Type
11.6.1 AC Motor
11.6.2 DC 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 Precision Electric Motors Market Size Forecast by Applications
11.10.1 Industrial Machinery
11.10.2 Automotive
11.10.3 Defense & Aerospace
11.10.4 Household Appliances
11.10.5 Healthcare
11.10.6 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 Precision Electric Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Precision Electric 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 Precision Electric Motors Market Size Forecast by Type
12.6.1 AC Motor
12.6.2 DC 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 Precision Electric Motors Market Size Forecast by Applications
12.10.1 Industrial Machinery
12.10.2 Automotive
12.10.3 Defense & Aerospace
12.10.4 Household Appliances
12.10.5 Healthcare
12.10.6 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) Precision Electric Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Precision Electric 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) Precision Electric Motors Market Size Forecast by Type
13.6.1 AC Motor
13.6.2 DC 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) Precision Electric Motors Market Size Forecast by Applications
13.10.1 Industrial Machinery
13.10.2 Automotive
13.10.3 Defense & Aerospace
13.10.4 Household Appliances
13.10.5 Healthcare
13.10.6 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 Precision Electric Motors Market: Competitive Dashboard
14.2 Global Precision Electric Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Ametek Incorporation
14.3.3 ARC Systems Incorporation
14.3.4 Asmo Corporation
14.3.5 Yaskawa Electric
14.3.6 Allied Motion Technologies
14.3.7 Brook Crompton UK
14.3.8 Rockwell Automation
14.3.9 Franklin Electric
14.3.10 Johnson Electric
