Market Overview:
The global three-phase 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 three-phase motors in commercial, industrial, and household applications. In terms of type, the synchronous motor segment is expected to lead the global three-phase motor market during the forecast period. This can be attributed to its high efficiency and low power consumption as compared to other types of motors. In terms of application, commercial applications are expected to account for a major share of the global three-phase motor market during the forecast period.
Product Definition:
A three-phase motor is a type of electric motor that uses three coils (or phases) to create rotating magnetic fields. This allows the motor to rotate more smoothly and efficiently than a single-phase motor. Three-phase motors are often used in industrial applications where large amounts of power are needed.
Synchronous Motor:
Synchronous motors have a common electrical connection and rotating magnetic field. These are used in various applications such as printing, copier, medical equipment, computer peripherals and other industrial machinery. Synchronous motors do not include the variable speed drive technology; instead they rely on the power factor to control speed which is achieved by using a capacitor for feedback.
Direct Current Motor:
DC motor is a type of electric motor which produces direct current. It is used in applications where the speed of the motor can be adjusted by changing the voltage applied to it. DC motors are smaller than AC motors and provide higher torque at low speeds. They are widely used in applications such as hand-held tools, small home appliances, toys & games, robots & other automation equipment etc.
Three-phase Motor market size.
Application Insights:
The industry is segmented on the basis of application into commercial, industrial and household. The commercial sector accounted for a major share in 2016 owing to rising demand from the automotive and energy sectors. Rapid urbanization coupled with an increasing number of construction projects across developing countries such as China, India and Brazil are expected to drive the product demand in this segment over the forecast period.
Industrial applications include food & beverage, chemical, paper & pulp industries among others which make use of three-phase motors with more than 2000rpm for rotating equipment at high speed. Increasing automation in these industries is further anticipated to propel market growth over the next eight years especially considering that industrial applications account for a relatively smaller share compared to other segments within this industry globally or regionally speaking.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing adoption in industrial and commercial applications. The region has been witnessing rapid growth in manufacturing facilities, especially in China, India, Japan, and South Korea due to low labor costs as well as easy access to capital. This trend is projected to continue driving the demand for three-phase motors across various industries such as oil & gas industry; power generation; mining; construction; food & beverage industry etc., thereby boosting the overall market growth over the forecast period.
The growing electronics industry coupled with rising investments by foreign players such as Siemens AG will drive product demand across several application segments including household appliances and fans/blowers for air conditioning systems among others during the forecast period.
Growth Factors:
- Increasing demand from the end-use industries: The three-phase motor market is witnessing a rise in demand from the end-use industries, owing to the growing need for energy efficient and reliable motors. This is driving the market growth.
- Technological advancements: The three-phase motor market is witnessing rapid technological advancements, which are helping manufacturers to develop more energy efficient and reliable motors. This is propelling the market growth.
- Rising awareness about energy efficiency: There has been a rising awareness among consumers about the benefits of using energy efficient products, which is aiding in fuelling the growth of three-phase motor market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-phase Motor Market Research Report
By Type
Synchronous Motor, Direct Current Motor, Asynchronous Motor
By Application
Commercial, Industrial, Household
By Companies
ABB, Ametek Advanced Motion Solutions, Brook Crompton, Danaher Corporation, Fuji Electric, General Electric Company, Johnson Electric, Kirloskar Electric, Mmc Electric Company, Nidec Motor, Oriental Motors, Regal Beloit, Rockwell Automation, Siemens, Weg Industries
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Three-phase Motor Market Report Segments:
The global Three-phase Motor market is segmented on the basis of:
Types
Synchronous Motor, Direct Current Motor, Asynchronous 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
Commercial, Industrial, Household
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
- Ametek Advanced Motion Solutions
- Brook Crompton
- Danaher Corporation
- Fuji Electric
- General Electric Company
- Johnson Electric
- Kirloskar Electric
- Mmc Electric Company
- Nidec Motor
- Oriental Motors
- Regal Beloit
- Rockwell Automation
- Siemens
- Weg Industries
Highlights of The Three-phase 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:
- Synchronous Motor
- Direct Current Motor
- Asynchronous Motor
- By Application:
- Commercial
- Industrial
- Household
- 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 Three-phase 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?
A three-phase motor is a type of electric motor that uses three rotating magnetic fields to generate power. Three-phase motors are used in applications where high torque and low speed are required, such as in industrial machinery and vehicles.
Some of the key players operating in the three-phase motor market are ABB, Ametek Advanced Motion Solutions, Brook Crompton, Danaher Corporation, Fuji Electric, General Electric Company, Johnson Electric, Kirloskar Electric, Mmc Electric Company, Nidec Motor, Oriental Motors, Regal Beloit, Rockwell Automation, Siemens, Weg Industries.
The three-phase 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 Three-phase 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 Three-phase Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three-phase 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 Three-phase 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 Three-phase Motor Market Size & Forecast, 2020-2028
4.5.1 Three-phase Motor Market Size and Y-o-Y Growth
4.5.2 Three-phase Motor Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Synchronous Motor
5.2.2 Direct Current Motor
5.2.3 Asynchronous Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three-phase 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 Three-phase 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Synchronous Motor
9.6.2 Direct Current Motor
9.6.3 Asynchronous 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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Household
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Synchronous Motor
10.6.2 Direct Current Motor
10.6.3 Asynchronous 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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Household
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Synchronous Motor
11.6.2 Direct Current Motor
11.6.3 Asynchronous 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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Household
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Synchronous Motor
12.6.2 Direct Current Motor
12.6.3 Asynchronous 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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Household
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Synchronous Motor
13.6.2 Direct Current Motor
13.6.3 Asynchronous 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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Household
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 Three-phase Motor Market: Competitive Dashboard
14.2 Global Three-phase Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Ametek Advanced Motion Solutions
14.3.3 Brook Crompton
14.3.4 Danaher Corporation
14.3.5 Fuji Electric
14.3.6 General Electric Company
14.3.7 Johnson Electric
14.3.8 Kirloskar Electric
14.3.9 Mmc Electric Company
14.3.10 Nidec Motor
14.3.11 Oriental Motors
14.3.12 Regal Beloit
14.3.13 Rockwell Automation
14.3.14 Siemens
14.3.15 Weg Industries
