The article cited AMA's Global Electric Motors Market Study explored substantial growth with CAGR of %. According the report, Increasing regulations and standards promoting energy-efficient technologies have led to advancements in electric motor designs that consume less energy while maintaining performance. is one of the primary growth factors for the market. The shift toward renewable energy sources like wind and solar power has increased the demand for electric motors used in power generation equipment, turbines, and energy storage systems.Rapid urbanization and the need for better infrastructure, including railways, metro systems, and smart cities, are boosting the demand for electric motors to power a variety of equipment and systems. is also expected to contribute significantly to the Electric Motors market. Overall, Automobile
applications of Electric Motors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Bosch, Denso, Siemens, Toshiba, Broad-Ocean, ABB, Allied Motion, Franklin Electric, Hitachi, Emerson, GE, Nidec, Regal Beloit, Rockwell Automation, Johnson Electric and Ametek may see astonishing sales in this Market and certainly improve revenue growth.
The Phase, such as Single Phase, is boosting the Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Voltage, such as Low Voltage, is boosting the Electric Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Electric Motors market identified that the demand is rising in many different parts of the world as "The rapid adoption of electric vehicles presents a major growth opportunity for the electric motor market, as EVs rely on efficient motors for propulsion.". Furthermore, some recent industry insights like "Automation leader ABB has teamed up with Carbon Re, an industrial artificial intelligence (AI) company, to collaborate on optimizing cement production and reducing its carbon footprint using AI-driven solutions. This partnership aims to enhance efficiency and sustainability in the cement industry." is constantly making the industry dynamic. One of the challenges that industry facing is "Although electric vehicles are driving demand for electric motors, the slow pace of EV infrastructure development in some regions could challenge market growth."
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Electric Motors market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Electric Motors market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Electric Motors market tight? Which application/end-user category or Product Type [AC Motors, Synchronous Motors, Asynchronous Motors, DC Motors, Brushed DC Motors, Brushless DC Motors, Coreless or Ironless DC Motors, Special Motors, Servo Motors, Low Voltage Drive, Linear Motors, Stepper Motors and Universal Motors] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Electric Motors market and other related sub-markets covered in the study.
o Key & emerging players in the Electric Motors market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Electric Motors market size is calculated using market estimation process, the Electric Motors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Electric Motors market size has been validated using both top-down and bottom-up approaches.