Market Overview:
The global threephase 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 energy-efficient motors across different applications, such as commercial, industrial, and household sectors. In addition, the growing awareness about the benefits of using threephase motors is also contributing to the growth of this market. Based on type, synchronous motors accounted for a major share of the global threephase motor market in 2017. This segment is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to their high efficiency and reliability compared with other types of motors available in the market.
Product Definition:
A three-phase motor is an electric motor that has three coils, or windings, that are electrically independent of each other. When voltage is applied to two of the windings, it creates a rotating magnetic field. This rotating field then induces a current in the third winding, which causes the motor to rotate.
Synchronous Motor:
Synchronous motors are used in various applications such as printing, scanning, card-based machines and cash dispensers. These products have high torque density and low speed which makes them suitable for the application mentioned above. The growth factor of this market is dependent on factors such as growing demand from industrial automation sector along with the healthcare industry that uses these products to automate devices like respirators & ventilators.
Direct Current Motor:
DC motor is a type of electric motor which produces direct current. It is used in various applications such as medical equipment, laboratory equipment, and industrial machinery among others. DC motors are also known as step motors or phase control motors among other names. They are available in different sizes and specifications according to the application for which they are being used.
Application Insights:
The industry is segmented on the basis of application into commercial, industrial and household applications. The commercial application segment dominated the global threephase motor market in 2017 owing to rising demand from various industries such as automotive, construction and packaging. Growing urbanization along with increasing disposable income has resulted in an increased number of commercial constructions which has subsequently led to a rise in demand for electric motors over the past few years.
The industrial application segment is expected to witness significant growth over the forecast period due to rapid industrialization along with increasing government funding for research & development activities related to electric power generation equipment. Rapidly expanding manufacturing sectors such as electronics, steel and machinery across developing countries are anticipated to boost product demand 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 region has been witnessing strong economic growth on account of increasing industrialization, coupled with rising disposable income. Growing population and rapid urbanization have resulted in increased demand for consumer electronics, which is likely to drive industry expansion over the coming years.
The European market accounted for a significant share of global revenue owing to high R&D investments by major companies along with technological innovations across various application areas. Moreover, growing adoption of threephase motors across several industries including automotive, aerospace & defense, marine & fishing will further propel regional growth during the forecast period.
North America held a substantial share in overall industry revenues due to high product demand from end-use industries such as automation and motion control devices used widely across numerous applications such as industrial machinery; medical equipment; household appliances; toys etc.).
Growth Factors:
- Increasing demand for electric vehicles
- Growing industrialization and urbanization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in electric motors industry
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Threephase 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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Threephase Motor Market Report Segments:
The global Threephase 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 Threephase 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 Threephase 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?
Threephase motors are three-phase electric motors that use three rotating magnetic fields to generate power. They are used in a variety of applications, including industrial machinery and vehicles.
Some of the major players in the threephase 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 threephase 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 Threephase 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 Threephase Motor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Threephase 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 Threephase 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 Threephase Motor Market Size & Forecast, 2020-2028 4.5.1 Threephase Motor Market Size and Y-o-Y Growth 4.5.2 Threephase 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 Threephase 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 Threephase 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 Threephase Motor Market: Competitive Dashboard
14.2 Global Threephase 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