Global Electric Engine Market By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), Output Power (Integral Horsepower Output, Fractional Horsepower Output), Voltage Range (9V & Below, 10-20V, 21-60V, 60V & Above), Application (Industrial Machinery, Motor Vehicles, Heating, Ventilating, and Cooling (HVAC) Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Application), Speed (Low-Speed Electric Motors, Medium-Speed Electric Motors, High-Speed Electric Motors, Ultrahigh-Speed Electric Motors), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Global electric engine market is expected to witness market growth at a rate of 5.93% in the forecast period of 2020 to 2027. Data Bridge Market Research report on electric engine market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
Electric engine are also called as electric motors and it works on the principle of electromagnetism, which converts electrical energy into mechanical energy. An electric engine is used in wide range of different applications including automobile sectors for electric vehicle or hybrid cars and in electronic devices such as fans, electric appliances and power tools and also in industrial machinery. An electric engine is made up of various components so as to providing power continuously.
The rising of electrification and automation in the industrial process is the key factor for the growth of the electric engine market. Increasing of technology and demand for automobile are aiding the growth of the electric engine market. Rapid urbanisation and industrialization in the developing countries are propelling the growth of electric engines/motors.
Electric engines are very durable and highly efficient due to which various industries are adopting the electric engine. It is also require low maintenance, low power consumption and is capable of tolerating fluctuate voltages and owing to this factors industries prefer using electric engine, which is driving the growth of this market.
However, the industries require electric engine or motors with high power rating, which produce substantial vibration, heat and strain during their operations, which could potentially have intense impact on electronic components, thus result in the malfunction of engine.
Also, lack in awareness of the benefits small and medium size enterprises can get from the electric engine; can hamper the growth of the market during the forecast period.
Government are also supporting to use the electrical vehicles, which is creating opportunities for the electric motor market. Also rising awareness towards the green environment is also rising the attention of the users to adopt electric engines.
Designing and manufacturing highly efficient electric motor or engine is the main challenge for the companies. If using a high-horsepower motor with a low load factor, it might have a high cost per hour of operation; to overcome this problem is a challenge for the engineers.
This electric engine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research electric engine market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Engine Market Scope and Market Size
Global electric engine market is segmented on the basis of motor type, output power, voltage range, speed, application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Global electric engine market, on the basis of motor type has been segmented into alternate current (AC) motor, direct current (DC) motor, hermetic motor. AC motors are further segmented into induction AC motors and synchronous AC motors. DC motors are also further segmented into brushed DC motors and brushless DC motors. AC motors are dominating the market with approximately 80% market share and is expected to continue its dominance due to its more simplistic design and used for industrial, commercial and domestic purposes.
- Based on output power, global electric engine market has been segmented into integral horsepower output, fractional horsepower output. Fractional horsepower output is dominating the market as it is widely used in domestic electrical appliances and are also suitable for the operating in heavy industrial environment. Hence, it is also likely to see a healthy growth in the market.
- Based on voltage range, global electric engine market has been segmented into 9v & below, 10-20v, 21-60v, 60v & above. 60 V & above engine segments captures the largest market share, due to its increased demand in automotive industries and heavy industrial machinery industry for energy-efficient conveyor systems in manufacturing.
- Based on speed, global electric engine market has been segmented into low-speed electric motors, medium-speed electric motors, high-speed electric motors, ultrahigh-speed electric motors.
- On the basis of application, global electric engine market has been segmented into industrial machinery, motor vehicles, heating, ventilating, and cooling (HVAC) equipment, aerospace & transportation, household appliances, other commercial application. In applications, electrical motors are widely used in motor vehicles, so motor vehicle industry is holding largest market share for electric engine market.
Global Electric Engine Market Country Level Analysis
Electric engine market is analysed and market size, volume information is provided by country, type, output power, voltage range, speed and application as referenced above.
The countries covered in the electric engine market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is holding the largest market share and is expected to register a healthy CAGR in the coming years owing to the factors such as advancements in the automobile and agriculture sector. Also, companies are investing more and more in the developing countries such as India, South Korea, China and Australia. North America is also captures a significant market share due to increased demand for the premium efficient electric motors for HVAC and industrial application and for electric cars.
The country section of electric engine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electric Engine Market Share Analysis
Electric engine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric engine market.
The major players covered in the electric engine market report are General Electric, YASA Limited, ABB, Arc Systems Inc, Brook Crompton UK Ltd, DENSO CORPORATION., FAULHABER GROUP, Zytek Group Limited, Marelli Holdings Co,. Ltd., Torqeedo GmbH, PEEI, Oceanvolt, Elaphe Propulsion Technologies Ltd., Johnson Electric Holdings Limited, BorgWarner Inc., Portescap, Lafert S.p.A, Brose Fahrzeugteile GmbH & Co. KG, Amber Group India., Kisankraft and others among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Electric Engine Market
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