Motor Market

Motor is a kind of electromagnetic device that realizes electric energy conversion or transmission according to the law of electromagnetic induction. As a basic product in industrial society, motor plays an important role in national production and life.

Motor Market aims to provide a comprehensive presentation of the global market for Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Motor. Motor Market contains market size and forecasts of Motor in global, including the following market information:

Global Motor Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global top five companies in 2022 (%)

The global Motor market was valued at US$ 143740 million in 2022 and is projected to reach US$ 224900 million by 2029, at a CAGR of 6.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Motor products are widely used in various fields of national economy, especially large and medium-sized motors, widely used in industrial fields, such as metallurgy, electric power, petrochemical, coal, mining, building materials, papermaking and so on. In addition, the motor is also used in the field of electronic information, rail transit, home appliances, new energy vehicles and other industries.

ABB, Siemens, WEG, Regal Beloit, Nidec, GE, TMEIC, SEVa-TEC, etc., are the major manufacturers of electric motor products in the world, among which Nidec is the leader in the global electric motor market, and its revenue in 2019 accounts for about 6% of the total market revenue.

In domestic motor market, leading domestic manufacturers including Wolong, ANHUI WANNAN ELECTRIC MACHINE, Jiamusi Electric Machine, Shanghai Electric Machinery, Jiangsu dazhong Electromotor, etc., these 5 companies to occupy the market share of about 7%.

We surveyed the Motor companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Motor Market, by Type, 2018-2023, 2024-2029 ($ millions)

Global Motor Market Segment Percentages, by Type, 2022 (%)

Industrial and Control Motors

Micro Motor

Global Motor Market, by Application, 2018-2023, 2024-2029 ($ millions)

Global Motor Market Segment Percentages, by Application, 2022 (%)

Industrial Machinery

Automobile

HVAC

Aviation and Transportation

Home Appliance

Others

Global Motor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Motor Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Motor revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Motor revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

ABB

Siemens

WEG

Regal Beloit

Nidec

GE

TMEIC

SEVA-tec

Wolong

ANHUI WANNAN ELECTRIC MACHINE

Jiamusi Electric Machine

Shanghai Electric Machinery

Jiangsu dazhong Electromotor

Outline of Major Chapters:

Chapter 1: Introduces the definition of Motor, market overview.

Chapter 2: Global Motor market size in revenue.

Chapter 3: Detailed analysis of Motor company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.