#induction motor Market Analysis

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Induction Motor Market - Forecast(2022 - 2027)

Induction Motor Market Size is forecast to reach $54.2 billion by 2026, at a CAGR of 6.5% during 2021-2026. An induction motor is an AC electric motor in which torque is produced by the reaction between a varying magnetic field generated in the stator and the current induced in the coils of the rotor. It is used in a majority of machinery, as it is more powerful and eco-friendly compared to the conventional motors in the market. North America has significant share in global induction motor market due to a developed usage of an induction motor in the significant industrial manufacturing, aerospace & defense, and automotive companies. In addition to the growing preference for electric vehicles in the U.S. is also stimulating the growth in North America.

Report Coverage

The report: “Induction Motor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Induction Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Voltage: Upto 1KV, 1-6.6 KV, Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market in APAC.

The inner rotor segment is growing at a significant CAGR rate of 7.1% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding. 

Automotive sector is expected to witness a highest CAGR of 8.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on. 

Induction Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Induction Motor Market Segment Analysis - By Rotor Type

Three Phase segment is growing at a significant CAGR of 11.1%

 in the forecast period. A three phase induction motor is a type of AC induction motors which operates on three phase supply. These three phase induction motors are widely used AC motor to produce mechanical power in industrial applications. Almost 70% of the machinery in industrial applications uses three-phase induction motors, as they are cost-effective, robust, maintenance-free, and can operate in any environmental condition. Moreover, induction motors are the most used in industry since they are rugged, inexpensive, and are maintenance free. In addition they are widely used in the mining metals and cement, automotive, oil and gas, healthcare, manufacturing industries and so on. Increase awareness of environmental protection across industries also contributes to the growth of three phase induction motors, as they have a low emission rate. Moreover, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the three phase induction motor in industrial application. Furthermore, the advent of Industry 4.0 and technological advancements enables a wide adoption base for the three phase induction motors. In 2019, Oriental Motor USA introduced their latest high efficiency three-phase AC induction motors equipped with a terminal box and a high strength right-angle hypoid gearhead, these new three-phase motors have the capacity of two new wattages of 30W and 40W and expands the KIIS Series Standard AC motors product line-up. 

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Induction Motor Market Segment Analysis - By Vertical 

Automotive sector is expected to witness a highest CAGR of 8.9% in the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application. Furthermore, the advent of Industry 4.0 enables a wide adoption base for the induction motors. Moreover, growing number of product launches by major manufacturers will drive the market growth in the forecast period. In September 2019, Motor and drive manufacturer WEG released the M Mining series of slip-ring induction motors which are designed especially for use in the dusty environments of iron ore operations and the cement sector. In July 2019, Ward Leonard launched 2000 HP induction motor WL29BC200 which is designed tote into a package of 15000 HP for the oil and gas industry. In September 2019, Tata Motors launched Tigor EV for private buyers as well as cab aggregators and EESL staff. he Tata Tigor electric uses a 72 V, 3-Phase Induction motor

Induction Motor Market Segment Analysis - By Geography 

Induction Motor market in Asia-Pacific region held significant market share of 38.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market. In addition advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Induction Motor Market Drivers 

Robust Structure of Motor

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motor market. Induction motor are robust in nature and can be operated in any climatic conditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motor is cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the forecast period 2021-2026.

Rise in Production of Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. As induction motors especially three phase are widely used in electric vehicles because of high efficiency, good speed regulation and absence of commutators is analysed to drive the market growth. In addition these motor also serves as an alternative of a permanent magnet in the electric vehicles. Hence rise in production of electric vehicles is analysed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the induction motors.  In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the electric and hybrid vehicles. In 2020, General Motors had committed boost its electric vehicle production by investing more than $7 billion. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. Hence these investments and developments are analysed to be the key drivers for the growth of the electric vehicle market and thereby the growth of induction motor market during the forecast period 2021-2026.

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Induction Motor Market Challenges

Easy availability of low-quality Induction Motors

The market for Induction Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Induction Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Induction Motors. This acts as a key challenge for the growth of the market.

Induction Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Induction Motor market. Induction Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

In 2021 BorgWarner launched HVH 320 Induction Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.

In 2020, ABB has launched new range of low voltage IEC induction motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

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Driving the Future, Trends Shaping the Electric Motor Sales Market

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Ignition Coil Market Technological Trends and Future Threats Analysis by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Ignition Coil Market Size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Ignition Coil Market?

The global ignition coil market size was US$ 2.7 Billion in 2022. Furthermore, the market is expected to register a revenue CAGR of 4.8% during the forecast period and reach a market size of US$ 4.1Bn in 2031.

What are Ignition Coil?

An ignition coil plays a vital role in the ignition system of an internal combustion engine, converting the low voltage from the battery into the high voltage necessary to produce a spark in the spark plugs. This spark initiates the combustion process by igniting the fuel-air mixture in the engine's cylinders, powering the vehicle. Operating on electromagnetic induction principles, the ignition coil comprises a primary coil winding that receives the low voltage and a secondary coil winding that generates the high voltage.

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What are the growth prospects and trends in the Ignition Coil industry?

The ignition coil market growth is driven by various factors and trends. The ignition coil market is on a stable growth trajectory globally, propelled by the growing automotive industry worldwide. These coils are indispensable for ensuring efficient engine ignition in gasoline-powered vehicles. Technological advancements, including the introduction of sophisticated ignition systems that enhance fuel efficiency and lower emissions, are further fueling market growth. Moreover, the increasing popularity of electric vehicles is opening up new avenues for ignition coil manufacturers, as these vehicles still rely on ignition systems for specific functions. With the automotive sector evolving towards more efficient and environmentally friendly vehicles, the ignition coil market is poised for continued expansion. Hence, all these factors contribute to ignition coil market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Conventional Ignition Coils

Distributor Ignition Coils

Coil-on-Plug Ignition Coils

Smart Ignition Coils

Vehicle Type:

Passenger Cars

Light Commercial Vehicles (LCVs)

Heavy Commercial Vehicles (HCVs)

Electric Vehicles (EVs)

Technology:

Conventional Ignition Systems

Capacitive Discharge Ignition (CDI) Systems

Electronic Ignition Systems

Distributorless Ignition Systems (DIS)

Sales Channel:

Original Equipment Manufacturers (OEMs)

Aftermarket

Application:

Gasoline Engines

Diesel Engines

Compressed Natural Gas (CNG) Engines

Others

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Bosch

Denso Corporation

Delphi Technologies (now part of BorgWarner)

NGK Spark Plug Co., Ltd.

Valeo

Standard Motor Products, Inc.

Hitachi Automotive Systems

Federal-Mogul (now part of Tenneco)

Mitsubishi Electric Corporation

ACDelco (a division of General Motors)

Bremi Fahrzeug-Elektrik GmbH & Co. KG

Hella GmbH & Co. KGaA

Continental AG

SMP Deutschland GmbH (formerly BERU)

Mitsubishi Electric Automotive America, Inc.

View Full Report: https://www.reportsandinsights.com/report/Ignition Coil-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Soft Starters Market Are Driving Growth in Power Efficiency Trends

The soft starter market offers effective solutions for motor starting across industries by facilitating smooth acceleration and reducing voltage spikes. Soft starters are employed to start induction motors in a gradual, controlled manner without high start-up currents occurring. They prevent mechanical and electrical stresses on equipment, reduce power consumption, and enhance motor lifespan. The devices simplify motor operation, offer low maintenance requirements and high reliability. The global soft starter market size was valued at US$ 2,386.5 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 8.23% from 2023 to 2030. 

Key Takeaways Key players Key players operating in the soft starter market are Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group. Each of these players has strengthened its position in the market through product launches and expansions. Growing demand Growing industrialization and infrastructure development has increased Soft Starter Market demand for industrial equipment and commercial buildings which require heavy duty applications like compressors, pumps, fans and conveyors that utilize AC induction motors. Growing electricity cost concerns have also fueled adoption of soft starters for enhanced energy efficiency. Global expansion Key soft starter manufacturers are focusing on expanding their geographic footprint through partnerships and joint ventures in developing regions including Asia Pacific, Middle East and Latin America. Rapid industrialization and initiatives towards smart infrastructure and green buildings in these regions will drive future demand. Market key trends The Soft Starter Market Size and Trends rising popularity of variable frequency drives (VFDs) and their declining costs are prompting end-users to replace traditional starters with VFDs. VFDs provide enhanced control functionality, energy savings and control speed in addition to starting and stopping electric motors, replacing conventional soft starters. However, soft starters still remain competitive for small to medium capacity motors and are preferred for simplicity and lower cost.

Porter's Analysis Threat of new entrants: Low start-up costs and weak intellectual property rights in some countries pose a moderate threat of new entrants in the soft starter market. Bargaining power of buyers: Large industrial buyers have significant bargaining power due to the significant volume of their purchases. However, the availability of substitutes provides a balance in buyers power. Bargaining power of suppliers: The high dependence of original equipment manufacturers (OEMs) on a few component suppliers results in moderate bargaining power of suppliers in the soft starter market. Threat of new substitutes: Technological advancements have increased the demand for variable speed drives and frequency converters, posing a moderate threat of substitution to soft starters. Competitive rivalry: The presence of numerous global and regional players results in high competitive rivalry in the soft starter market. Key differentiation factors include product innovation, reliability, and customer support. Geographical Regions North America accounted for the largest share of the soft starter market in 2024, with the United States being the major revenue generator. Growth in end-use industries such as oil & gas, mining, food & beverage, and others is fueling market demand. The Asia Pacific region is projected to register the fastest CAGR through 2031. Rapid industrialization and urbanization in China, Japan, and India are key growth drivers. Increasing focus on energy efficiency and growing adoption of VFDs and soft starters are supporting regional market expansion. Europe is a major soft starter market, with Germany, France, and the UK generating sizeable revenues. Strict emission norms and the need to optimize process performance are stimulating adoption. The soft starter market is diversifying with new technologies and customized offerings for renewable energy applications as well.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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Low voltage AC motor market size is forecast to surpass $25 billion by 2030, after growing at a CAGR of 7% during the forecast period 2024-2030. The government's energy efficiency regulations on motor-driven systems in industrial & commercial sector are anticipated to be the main growth drivers for the worldwide low-voltage AC motors market. Apart from this the investments towards expansion of existing plants and setup of new ones across pharmaceutical, food & beverages, water & wastewater, power generation and other verticals to drive the demand for low voltage AC motors market during the forecast period 2024-2030

Report Coverage

The report “Low Voltage AC Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Low Voltage AC Motor market.

By Type: Synchronous Motors, Induction Motors, Permanent Magnet Motors, Servo Motors, Others

By Power Rating: up to 1 HP, 1-5 HP, 5-10 HP, 10-20 HP, 20-50 HP, above 50 HP. 

By Phase: Single Phase, Three Phase

By Housing Material: Aluminum, Cast Iron, Steel. 

By Efficiency Class: IE1, IE2, IE3, IE4, IE5

By Application: Pumps, Machine Tool, Compressor, Conveyor Systems, Robotics & Automation, HVAC&R, Fans & Blowers, Main Drive Units, Others

By End User Industry: Oil & Gas, Chemical, Pharmaceutical, Mining, Food & Beverage, Water & Wastewater, Commercial, Transportation, Agriculture, Power Generation, Automotive, Industrial Machinery, Others

By Geography:  North America, South America, Europe, APAC, and RoW.

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Asynchronous Motors Market Forecast and Analysis Report (2023-2032)

The global Asynchronous Motors Market reached a valuation of USD 12584.2 Million in 2023 and is anticipated to surge to USD 25155.9 Million by 2032, exhibiting a robust CAGR of 8.00% from 2024 to 2032.

The asynchronous motors market, also known as the induction motors market, is a significant segment within the electric motor industry. These motors operate on the principle of electromagnetic induction, where the electric current required to produce torque is obtained through electromagnetic induction from the magnetic field of the stator winding. They are widely used due to their robustness, reliability, and efficiency. The market for asynchronous motors is driven by their extensive application across various industries, including industrial machinery, HVAC systems, household appliances, and automotive. The increasing demand for energy-efficient motors is also a significant factor propelling market growth, as asynchronous motors are known for their high efficiency and lower energy consumption compared to traditional motors.

Technological advancements, such as the development of variable frequency drives (VFDs) and the integration of Internet of Things (IoT) technologies, are enhancing the performance and functionality of these motors, further boosting their adoption. Additionally, the shift towards renewable energy sources and the growth of the electric vehicle market are creating new opportunities for asynchronous motors. However, the market faces challenges such as high initial costs and the availability of alternative motor types, which may hinder growth to some extent. Overall, the asynchronous motors market is poised for steady growth, supported by ongoing industrialization, urbanization, and the global emphasis on energy conservation and sustainability.

The asynchronous motors market faces several challenges that could impact its growth and adoption across various industries. These challenges include:

High Initial Costs: Asynchronous motors, particularly those with advanced features and higher efficiency, often come with a higher initial cost compared to other types of motors. This can be a deterrent for small and medium-sized enterprises that may have budget constraints.

Competition from Alternative Motors: The market for electric motors includes various alternatives such as synchronous motors, servo motors, and permanent magnet motors. These alternatives sometimes offer better performance characteristics for specific applications, creating competitive pressure on asynchronous motors.

Energy Efficiency Regulations: While asynchronous motors are generally efficient, meeting the increasingly stringent energy efficiency regulations and standards set by governments and regulatory bodies can be challenging. Compliance with these standards may require additional costs for redesigning and upgrading existing motor models.

Technological Advancements in Competing Technologies: Continuous advancements in motor technology, especially in areas like permanent magnet synchronous motors (PMSMs) and brushless DC motors (BLDCs), can outpace the improvements in asynchronous motors, making them more attractive for certain applications.

Maintenance Requirements: Asynchronous motors, particularly older models, may require more frequent maintenance compared to newer motor types. This can increase the total cost of ownership over the motor's lifespan, affecting their desirability for some users.

Supply Chain Disruptions: The global supply chain for motor components can be vulnerable to disruptions due to geopolitical tensions, natural disasters, and pandemics. Such disruptions can affect the availability and cost of critical components needed for manufacturing asynchronous motors.

Market Saturation in Developed Regions: In mature markets such as North America and Europe, the adoption rate of asynchronous motors is already high, leading to market saturation. Growth opportunities in these regions may be limited compared to emerging markets.

Environmental Concerns: The production and disposal of asynchronous motors involve the use of materials and processes that can have environmental impacts. Increasing awareness and regulations related to environmental sustainability may pressure manufacturers to adopt greener practices, which could increase costs.

Technological Integration Challenges: Integrating asynchronous motors with modern control systems, IoT platforms, and Industry 4.0 frameworks can be complex and costly. Ensuring seamless compatibility and functionality with these advanced systems can be a barrier to adoption.

Economic Factors: Economic downturns and fluctuations in industrial activity can affect the demand for asynchronous motors, as capital investments in new machinery and equipment tend to decrease during such periods.

Key Players:

ABB

Emerson

GE

TECO

Regal-Beloit

Nidec

Siemens

Tatung

Hitachi

WEG

Bosch Rexroth

SEW-Eurodrive

Cummins

YASKAWA

Toshiba

VEM

NORD

Landert

ABM Greiffenberger

SPG

Brook Crompton

More About Report- https://www.credenceresearch.com/report/asynchronous-motors-market

The key findings of a study on the asynchronous motors market highlight several critical insights and trends that shape the market's landscape. These findings include:

Market Growth and Size: The asynchronous motors market is experiencing steady growth, driven by increased demand across various industries, including manufacturing, automotive, HVAC, and household appliances. The market size is projected to expand significantly over the next few years due to rising industrial automation and energy efficiency initiatives.

Energy Efficiency: One of the primary drivers for the market is the emphasis on energy efficiency. Asynchronous motors are increasingly preferred for their ability to reduce energy consumption and operational costs. The implementation of stringent energy efficiency regulations globally has further accelerated the adoption of high-efficiency asynchronous motors.

Technological Advancements: Innovations in motor design, materials, and control systems have enhanced the performance, reliability, and efficiency of asynchronous motors. The development of variable frequency drives (VFDs) and integration with smart technologies and IoT platforms are notable advancements that are positively impacting the market.

Applications and End-Use Industries: Asynchronous motors find extensive application in diverse industries. The industrial machinery sector remains the largest end-user, followed by the HVAC and automotive industries. The growing popularity of electric vehicles (EVs) is also creating new opportunities for asynchronous motor adoption.

Geographical Trends: The market shows varied growth patterns across different regions. Asia-Pacific is the largest and fastest-growing market, driven by rapid industrialization, urbanization, and infrastructure development in countries like China and India. North America and Europe also hold significant market shares, supported by technological advancements and established industrial bases.

Competitive Landscape: The market is highly competitive, with several key players investing in research and development to innovate and improve their product offerings. Leading companies are focusing on mergers, acquisitions, and collaborations to expand their market presence and enhance their technological capabilities.

Challenges and Constraints: Despite the positive growth outlook, the market faces challenges such as high initial costs, competition from alternative motor types, and compliance with evolving energy efficiency standards. Addressing these challenges is crucial for sustained market growth.

Regulatory Impact: Government regulations and policies aimed at reducing carbon emissions and promoting energy conservation are significantly influencing the market. Compliance with these regulations is driving the adoption of energy-efficient asynchronous motors, thereby boosting market growth.

Future Outlook: The future of the asynchronous motors market looks promising, with continued advancements in technology and increasing demand for energy-efficient solutions. The shift towards renewable energy sources and the growth of the electric vehicle market are expected to provide new growth avenues.

Sustainability Initiatives: There is a growing emphasis on sustainability within the industry. Manufacturers are focusing on developing eco-friendly motors and adopting green manufacturing practices to minimize environmental impact, aligning with global sustainability goals.

Segmentation:

By Type of Asynchronous Motors:

Single-Phase Induction Motors

Three-Phase Induction Motors

Squirrel Cage Induction Motors

Wound Rotor Induction Motors

Single-Speed Induction Motors

Variable-Speed Induction Motors

By Enclosure Type:

Open Drip-Proof (ODP) Motors

Totally Enclosed Fan-Cooled (TEFC) Motors

Totally Enclosed Non-Ventilated (TENV) Motors

Explosion-Proof (XP) Motors

Water-Cooled Motors

By Power Rating and Application:

Fractional Horsepower (FHP) Motors

Medium-Horsepower Motors

High-Horsepower Motors

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Electric Motor Market - Forecast(2024 - 2030)

 Electric Motor Market Overview

Electric Motor Market Size is forecast to reach $169 billion by 2030, at a CAGR of 5.6% during 2024-2030. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving the growth in the electric motor market during the forecast period. An increase in awareness of green vehicles among customers has been a key factor leading the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is analysed to drive the market. The growing interest in sustainable transportation has driven the demand for electric vehicles. Electric motors play a crucial role in powering EVs, and advancements in motor technology contribute to increased efficiency and range. The industrial sector is witnessing the integration of electric motors with the Internet of Things (IoT) and Industry 4.0 technologies. This integration allows for real-time monitoring, predictive maintenance, and improved efficiency in industrial processes.

Smart motor technologies, incorporating features like connectivity, sensors, and advanced control systems, are becoming more prevalent. These innovations contribute to better performance, remote monitoring, and enhanced automation in various applications. Developments in motor control systems, including advanced algorithms and power electronics, contribute to improved motor performance, reduced energy losses, and enhanced control precision. There is an increasing emphasis on developing more energy-efficient electric motors to meet sustainability goals and reduce energy consumption. Regulations and standards promoting energy efficiency also influence the design and manufacturing of electric motors. Additionally, Electric motors have been observing several advancements in technology over the past few years, owing to which its demand is set to gain higher traction during the forecast period 2024-2030.

Report Coverage

The report: “Electric Motor Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Electric Motor market

By Product Type: AC Motor (Induction Motor, Synchronous Motor, Servo Motor, Stepper Motor), DC Motor (Brushed DC Motor, Brushless DC Motor, Servo Motor, Series Motor, Stepper motor, Compound Motor).

By Product Category: Permanent Magnet, Non-Permanent Magnet.

By Phase: Single Phase, Three Phase.

By Power Rating: Below 0.5W, 0.5W-1W, 1W to 100W, 100W to 1KW, 1KW to 10KW, 10KW and Above.

By Efficiency: IE1, IE2, IE3, IE4.

By Application: Commercial (Automated Doors, Elevators & Escalators, Blowers, Electric Sweepers, Hand Dryers, Data Center & UPS, Pumps, Power Tools, Water Coolers, Camera PTZ Control, Drones, Others), Consumer Products (Pumps, Hair Dryers, Lawn Mowers, Boilers, Dishwashers, Vacuum Cleaners, washing machine, Blenders & Mixers, Fans & Chimneys, Desktop & Laptops, Smartphones, Refrigerators, Others), Automotive (Body Control motors, EPS Motors, Brake Booster BLDC Motor, Seat Adjustment, Belt Tensioner, Car Window Motor, Door Lock Motors, Wiper Motor, Others), Medical & Healthcare (Diagnostic Equipment (CT Scanners, MRI, Biopsy Systems, Diagnostics Analyzers, Ultrasound Transducers, X-Ray, Others), Medical Centrifuges, Medical Pumps, Blowers and Compressors, Surgical Instruments (Saws, Drills, Surgical Robots, Others), Dental CAD/CAM Milling Machines, Exoskeleton & Prosthetics, Microscopes, Wheelchairs & Scooters, Stair Lifts, Hospital Beds & Exam Tables, Others).

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Poland, Czechia, Belgium, Sweden  and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

• The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market in APAC.

• The DC Motor segment is growing at a significant CAGR of 7.6% in the forecast period 2024-2030. A DC motor consists of a stator and a rotor.

• Medical & Healthcare sector is expected to witness a highest CAGR of 8.5% the forecast period 2024-2030, due to its extensive reliance on electrically powered devices and equipment. Diagnostic imaging equipment, such as MRI and CT scanners, demands high-performance electric motors for precise movements and accurate imaging. 

• Electric Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Electric Motor Market Segment Analysis - By Product Type

The DC Motor segment is expected to grow at a significant CAGR of 7.6% during the forecast period 2024-2030. Owing to the growing penetration of brushless DC motors across various industry verticals substituting brushed dc and even ac induction motors in certain applications such as home appliances. DC motors are used in electric vehicles in the automotive industry for various non-traction applications, contributing to the ongoing shift towards sustainable transportation. As the demand for electric vehicles grows, so does the demand for efficient and dependable DC motors. DC motors are also widely used in industrial automation, powering conveyor systems, robotics, and manufacturing equipment. Owing to the ease of control, they are suitable for accurate and regulated movements in automated processes.

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Electric Motor Market Segment Analysis - By Application

Medical & Healthcare sector is expected to witness a highest growth of CAGR 8.5% during the forecast period 2024-2030, owing to the increase in investments in healthcare and medical sector, along with growing penetration of advanced medical devices & equipment in the sector such as surgical robots, advanced imaging & diagnostic equipment, prosthetics and so on. Medical advances and technical improvements have resulted in the development of a wide range of medical instruments and gear that significantly rely on the precision and efficiency provided by electric motors. High-performance electric motors are required for precise motions and accurate imaging in diagnostic imaging equipment such as MRI and CT scanners. Electric motors provide stability and consistency to patient care and monitoring systems such as infusion pumps and monitoring equipment. Furthermore, the incorporation of electric motors in mobility aids such as electric wheelchairs and patient lifts improves accessibility for people who have mobility issues. Electric motors are used in laboratory equipment, robotic surgical systems, and a variety of medical tools, all of which contribute to the overall efficiency and improvement of healthcare techniques. The demand for electric motors is on the rise as the healthcare industry evolves and adopts more technologically sophisticated solutions, fueling additional innovation in this critical sector.

Electric Motor Market Segment Analysis - By Geography 

Electric Motor market in Asia-Pacific region held significant market share of 38% in 2023. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market. In addition, advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Electric Motor Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2022, Ford Motor has committed to increase its investments in electric vehicles to $50 billion by 2026, up from a previous spend of $30 billion by 2025. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As electric vehicles use various types of electric motors for traction & auxiliary applications, the rising demand for electric vehicles globally is set to assist the market growth for electric motors used in the same.

Growing R&D activities 

Manufacturers are continuously focusing on R&D to develop new and effective electric motors to meet consumer demand. Increasing concerns, such as environmental pollution and regulations, are forcing manufacturers to develop electric motors that reduce vibration and increase efficiency. For instance, a synchronous electric motor is around 80% more efficient than an induction electric motor. Similarly, the development of a new type of steel for electric motors, which reduces the weight of the electric motor and makes it more efficient and powerful. This new type of electric motor will be small in size and cost effective, which will raise demand from residential and commercial applications. Moreover growing developments from various companies is also analysed to drive the market growth. Hence these factors are analysed to drive the market growth in the forecast period 2024-2030.

Electric Motor Market Challenges 

Easy availability of low-quality electric motors

The market for electric motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of electric motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality electric motors. This acts as a key challenge for the growth of the market.

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Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Electric Motor market. Electric Motor top 10 companies include:

ABB Ltd

Johnson Electric Holdings Limited

Siemens AG

Rockwell Automation

Nidec Corporation

Bosch Electric

Regal Rexnord

Franklin Electric Company Inc.

Teco Electric & Machinery Co. Ltd.

Wolong Electric Group co. ltd.

Acquisitions/Product Launches

• In July 2023, Nidec Corporation announced that it has successfully developed a new electric power steering motor power pack*1 (“EPS-PP”).

• In July 2023, WEG announced new investments for its motor manufacturing plant located in Manaus, Brazil. The Company will invest R$ 48 million, in the next three years, to expand production capacity and adapt the plant to produce a new line of permanent magnet electric motors for split-type air conditioners

• In December 2023, Johnson Electric Launches 48-Volt Cooling Fan Module with High Power and Efficiency. Johnson Electric is pleased to announce the launch of the 48-Volt Cooling Fan Module with power up to 1.5kW to meet the most demanding cooling requirements.  The need to reduce emissions and increase the electrification of the vehicle, requires higher cooling performance and efficiency.

[spookysaladchaos]

Global Top 5 Companies Accounted for 82% of total Electric Toothbrush market (QYResearch, 2021)

This report studies the Electric Toothbrush market, An electric toothbrush is a toothbrush that makes rapid, automatic bristle motions, either back-and-forth oscillation or rotation-oscillation (where the brush head alternates clockwise and counterclockwise rotation), in order to clean teeth. Motions at sonic speeds or below are made by a motor. In the case of ultrasonic toothbrushes, ultrasonic motions are produced by a piezoelectric crystal. A modern electric toothbrush is usually powered by a rechargeable battery charged through inductive charging when the brush sits in the charging base between uses.

Based on our recent survey, we have several different scenarios about the Electric Toothbrush YoY growth rate for 2020. The probable scenario is expected to decline by a -4.8% in 2020 and the revenue will be 1550 in 2020 from US$ 1628 million in 2019. The market size of Electric Toothbrush will reach US$ 2181 in 2026, with a CAGR of 5.7% from 2021 to 2026.

The data for 2020 is an estimate, based on the historical data and recent survey of the integrated view of industrial experts, manufacturers, distributors and end users, etc.

Top-down and bottom-up approaches are used to validate the global Electric Toothbrush market size and to estimate the market size for company, regional division, product type and application (end users). In the complete market engineering process, both top-down and bottom-up approaches along with several data triangulation methods have been extensively utilized to perform market estimation and market forecast for the overall market division and subdivision listed in this report. Extensive qualitative and further quantitative analysis has also been done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

According to the new market research report “Global Electric Toothbrush Market Report 2023-2029”, published by QYResearch, the global Electric Toothbrush market size is projected to reach USD 2.57 billion by 2029, at a CAGR of 5.8% during the forecast period.

Figure.   Global Electric Toothbrush Market Size (US$ Million), 2018-2029

Figure.   Global Electric Toothbrush Top 5 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Electric Toothbrush include P&G (Oral-B and Crest), Philips Sonicare, Panasonic, Church & Dwight, Colgate, Xiaomi, Wellness Oral Care, usmile, Saky, Lion, etc. In 2021, the global top five players had a share approximately 82.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

For more information, please contact the following e-mail address:

Email: global@qyresearch.com

Website: https://www.qyresearch.com

[mohankunmars]

Low Voltage AC Motor Market - Forecast(2024 - 2030)

Low voltage AC motor market size is forecast to surpass $25 billion by 2030, after growing at a CAGR of 7% during the forecast period 2024-2030. The government's energy efficiency regulations on motor-driven systems in industrial & commercial sector are anticipated to be the main growth drivers for the worldwide low-voltage AC motors market. Apart from this the investments towards expansion of existing plants and setup of new ones across pharmaceutical, food & beverages, water & wastewater, power generation and other verticals to drive the demand for low voltage AC motors market during the forecast period 2024-2030

Report Coverage

The report “Low Voltage AC Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Low Voltage AC Motor market.By Type: Synchronous Motors, Induction Motors, Permanent Magnet Motors, Servo Motors, OthersBy Power Rating: up to 1 HP, 1-5 HP, 5-10 HP, 10-20 HP, 20-50 HP, above 50 HP. By Phase: Single Phase, Three PhaseBy Housing Material: Aluminum, Cast Iron, Steel. By Efficiency Class: IE1, IE2, IE3, IE4, IE5By Application: Pumps, Machine Tool, Compressor, Conveyor Systems, Robotics & Automation, HVAC&R, Fans & Blowers, Main Drive Units, OthersBy End User Industry: Oil & Gas, Chemical, Pharmaceutical, Mining, Food & Beverage, Water & Wastewater, Commercial, Transportation, Agriculture, Power Generation, Automotive, Industrial Machinery, OthersBy Geography:  North America, South America, Europe, APAC, and RoW.

Key Takeaways

• The adoption of higher efficiency motors such as the IE4 class of motors has been favorably embraced by Europe region, and legislation governing motor efficiency in the EU remains a driving force in the market.• By 2050, global power usage is expected to double. Around the same period, the governments are planning to reduce their country's CO2 emissions by 50% in order to mitigate climate change. Electric motors account for roughly 40% of global energy use. Industries are another major worldwide energy user, with motors in industrial plants often consuming 65 to 80% of total plant electricity. As a result, an energy-efficient IE4 motor is expected to set a trend in the market for low-voltage AC motors.• On 19 May 2023, The Board of Directors of Siemens Limited authorized a sale and transfer of Siemens Limited's AC and DC low voltage motors and geared motors businesses, including related customer service businesses ("the Business") to Siemens Large Drives India Private Limited, an entity completely owned by Siemens AG, for a consideration of Rs. 2,200 crore, effective October 1, 2023.

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By Type- Segment Analysis

Induction motors dominated the Low voltage AC motor market in 2023. Low-voltage alternating current induction motors transfer electrical energy from stator to rotor without the use of slip rings or brushes, resulting in smooth, quiet, and consistent performance owing to which there are significant less maintenance cost during the service period. Induction motors being majorly used in commercial vertical for pumps, elevators & escalators, HVAC and other applications, is set to witness an significant upsurge during the forecast period 2024-2030 with the rise in investments towards establishments of commercial buildings such shopping malls, office parks, hospitals and so on. 

By Power Rating- Segment Analysis

1 to 5 HP motor segment dominated the global low-voltage AC motor market in 2023 owing to the widescale use of induction motors for pumps, main drive units, fans & blowers, compressors and so on in various industry verticals. The growing emphasis towards integration of energy efficient motors such permanent magnet motors for continuous duty operations is set to drive the market during the forecast period 2024-2030. Apart from this the increase in investments towards setting up of new plants and upgrade of the existing ones with energy efficient equipment is also set to the assist the market growth in the future.

By Construction Material- Segment Analysis

Steel dominated the Low voltage AC motor market in 2023, owing to advantages of certain grades of steel such as stainless steel towards corrosion resistance, durability, hygiene, and aesthetics. Stainless steel motors are especially suitable for applications that require frequent washdowns, such as food processing, pharmaceuticals, wastewater, and other harsh environments. For instance, ABB’s stainless steel AC brushless servo motors are built with washdown capability and may be applied in harsh, corrosive environments. These stainless-steel AC brushless servo motors achieve IP67 dust and liquid ingress protection and can withstand 1,500 psi washdown conditions.

By Efficiency Class- Segment Analysis

IE3 dominated the Low voltage AC motor market in 2023. The rising emphasis on energy efficiency, sustainability, and regulatory compliance is driving the growth of the IE3 Low Voltage AC Motor market. As enterprises strive to improve operations, minimize energy consumption, and meet global environmental targets, IE3 motors provide a compelling solution that provides both economic and environmental benefits. For instance, In 2022, ABB introduced flameproof low-voltage motors for explosive atmospheres, ABB's new low-voltage flameproof motors are designed for safe usage in potentially explosive atmospheres. The made-in-India motors are available in IE2 and IE3 efficiency classes, with frame sizes ranging from 80 to 250 mm. IE3 low voltage AC motors are frequently chosen as part of energy reduction measures by organizations participating in energy management programs or obtaining energy certifications such as ISO 50001.  Many countries and areas have enacted stringent laws and standards mandating the use of more energy-efficient motors. These regulations demand that IE3 motors achieve or exceed the efficiency requirements. By Application Type- Segment Analysis The water pump segment dominated the low-voltage AC motor market in 2022. Due to various aspects that contribute to its advantages in this specific application. Water pumps are used for a variety of applications, including agricultural irrigation, industrial processes, wastewater treatment, and more. Low Voltage AC Motors provide multiple benefits that are ideally suited to the needs of water pump systems. Growing reliance on groundwater and monsoon irregularities are fueling demand for water pumps in the agriculture sector. Government efforts to improve water infrastructure, water supply, and sanitation services around the world are likely to boost the use of water pumps even further. Increased emphasis on the setting up of new wastewater treatment plants and desalination plants around the world, along with numerous government programs to improve and upgrade the existing plants are also analyzed drive the market for low-voltage AC motors during 2024-2030

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By Geography - Segment Analysis

The APAC region attributed to the largest share of the global low voltage AC motor market in 2023 and is also estimated to witness the highest growth of CAGR 8% during 2024-2030. The low-voltage AC Induction motor type market in China has positive growth opportunities, mainly supported by increasing demand for efficient and energy-saving solutions. The government’s initiatives to promote the use of new energy-efficient motors as well as the rising demand for high-power motors from the industrial sector will further drive the growth of the AC motor types market in China. The growing demand from various end-user industries, such as the automotive, oil & gas, and power generation sectors is the primary driver of this growth. Furthermore, the Government of India’s Make in India initiative, and the recent surge in renewable energy installations, are other factors contributing to the market’s growth.

Drivers – Low Voltage AC Motor Market

• Increase in demand of Electric Vehicles to drive the establishment of new manufacturing plants.The growing environmental concerns from internal combustion engine exhausts is already leading to the shift towards electric vehicles. With favourable government initiatives such as grants, subsidies, and tax benefit towards adoption of electric vehicles the demand for the same has been witnessing multi-fold growth in recent years. Owing to this shift, the auto OEMs are investing significantly towards setting up of new plants and expanding the production capacities of the existing ones to meet this surge in demand. This is set to drive the demand of low voltage AC motors used in EV manufacturing plants for various major applications such as main drive units for assembly line, robotics & automation, HVAC, and so on. In April 2023, Two major automakers, General Motors and Hyundai, have separately announced plans to build electric vehicle (EV) battery plants in the US, indicating the continued growth of EV manufacturing in the country. General Motors is partnering with Samsung SDI to invest $3 billion in an EV battery plant in the US. This joint venture is expected to commence in 2026 and will have a capacity of over 30GWh. Hyundai is forming a joint venture with SK On, a South Korean battery manufacturer, to invest $5 billion in an EV battery factory in Georgia. This plant is scheduled to start producing battery cells in the second half of 2025 and will have an annual capacity of 35GWh, sufficient to manufacture 300,000 EVs.  • Strong industrial infrastructure in major nationsChina's industrial sector is rapidly growing, supported by a variety of sectors including the automobile, manufacturing, chemicals, and electronics industries. The demand for low-voltage electric motors in various industries is being fueled by industrial automation, production line adjustments, and the need for energy-efficient solutions. The conventional boundaries of automation and control functions are being broken by Industry 4.0 in the process and manufacturing industries. It allows for a broader range of functions and sectors to operate within global efforts and architectural frameworks, such as Made-in-China 2025 in China and Society 5.0 in Japan. As a result of China's rapid urbanization and ongoing construction projects, there is a significant need for low-voltage motors in industries including HVAC, building automation, elevators, and escalators. The country’s market is expanding as a result of both the growing urban population and infrastructure development.

Challenges – Low Voltage AC Motor Market  

• High production costs of low-voltage AC motors will impede growthThe fluctuation of raw materials’ prices is analyzed to put a significant strain on the production of electric motors. In January 2022, the cost of neodymium, the primary rare earth element used in magnets, surged by more than 200% when compared to its value in 2019. Additionally, copper prices rose by 59%, aluminum saw a 62% increase, and steel prices climbed by 24% during the same period. Apart from this, the global energy supply system's recent reorganization, driven by the Ukraine crisis and the escalating U.S.-China trade dispute, has led to a worldwide increase in prices for raw materials and assembly components. Owing to this motor manufacturers witness decrease in profit margins due to the increase in manufacturing cost. Thereby such fluctuation in the raw materials cost are set to impeded the market growth during forecast period

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the low-voltage AC Motor market. In 2023, Major players in the Low Voltage AC Motor market are ABB, Siemens, Nidec Corporation, WEG Electric Corp, Schneider Electric, Wolong, Toshiba Corporation, Regal Rexnord Corporation, TECO Electric & Machinery Co., Ltd. and Others.

[brianwhary]

Unveiling Insights into the Automotive Electric Motors Market: A Comprehensive Analysis

Embark on a journey through the dynamic landscape of the automotive electric motors market, where we uncover key insights, trends, challenges, and opportunities driving the industry forward. With a commitment to providing in-depth and actionable intelligence, we empower stakeholders to navigate the evolving market landscape with confidence and clarity.

Understanding the Automotive Electric Motors Market

The automotive electric motors market serves as a pivotal enabler of vehicle electrification, powering a wide range of electric and hybrid vehicles with efficiency, reliability, and sustainability. As the automotive industry undergoes a profound transformation towards electrification and emission reduction, electric motors play a central role in driving innovation, performance, and environmental stewardship.

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Market Size and Growth Trajectory

The automotive electric motors market is experiencing rapid growth and expansion, driven by factors such as increasing demand for electric vehicles, stringent emissions regulations, and advancements in motor technology. With a growing emphasis on electrification across various vehicle segments, the demand for electric motors is expected to surge in the coming years. Recent data indicates a significant uptick in investments and collaborations within the electric motor industry, signaling a promising outlook for market growth and innovation.

Key Drivers and Trends

Several factors are driving the growth and evolution of the automotive electric motors market. Technological advancements in motor design, materials science, and power electronics are enabling the development of more efficient, compact, and lightweight electric motors. Additionally, the shift towards electric and hybrid vehicles, coupled with increasing consumer awareness of environmental issues, is reshaping the automotive industry's landscape and driving demand for electric propulsion systems.

Challenges and Opportunities

While the automotive electric motors market presents exciting opportunities for innovation and growth, it also faces challenges such as cost constraints, supply chain disruptions, and technology integration complexities. However, within these challenges lie opportunities for strategic partnerships, research and development initiatives, and market differentiation. By embracing innovation and collaboration, stakeholders can overcome obstacles and unlock the sector's full potential.

Sectorial Analysis: Exploring Key Segments

To gain a comprehensive understanding of the automotive electric motors market, it is essential to delve into its various segments and sub-sectors.

Permanent Magnet Motors

Permanent magnet motors, featuring high power density, efficiency, and reliability, are widely used in electric and hybrid vehicles. Advances in rare-earth magnet technology, motor design optimization, and thermal management are driving the adoption of permanent magnet motors in various automotive applications, ranging from electric powertrains to auxiliary systems.

Induction Motors

Induction motors, known for their robustness, simplicity, and cost-effectiveness, remain prevalent in certain electric vehicle segments. While induction motors lack the high power density of permanent magnet motors, they offer advantages such as ruggedness, tolerance to high temperatures, and suitability for mass production.

Brushless DC Motors

Brushless DC motors, characterized by high efficiency, precise control, and compact size, are gaining traction in electric vehicle propulsion systems and ancillary components. With advancements in motor control algorithms, sensor technology, and electronic commutation, brushless DC motors offer superior performance and reliability compared to traditional brushed motors.

Future Outlook and Strategic Imperatives

Looking ahead, the automotive electric motors market is poised for dynamic growth and innovation. To capitalize on emerging opportunities and address evolving challenges, stakeholders must prioritize strategic imperatives and embrace a forward-thinking approach.

Technology Advancements

Investing in research and development initiatives aimed at advancing motor technology, materials science, and power electronics will be crucial for maintaining competitiveness and driving innovation in the automotive electric motors market. Emerging technologies such as silicon carbide semiconductors, wireless power transfer, and direct-drive systems hold the potential to revolutionize the efficiency, performance, and reliability of electric propulsion systems.

Supply Chain Resilience

Building resilient and agile supply chains will be essential for meeting the growing demand for electric motors and components while mitigating risks associated with geopolitical uncertainties, raw material shortages, and global supply chain disruptions. Diversifying sourcing strategies, fostering strategic partnerships, and leveraging digitalization tools can enhance supply chain visibility, flexibility, and responsiveness.

Regulatory Compliance and Sustainability

Adhering to stringent emissions regulations and sustainability standards will be paramount for the automotive electric motors market to ensure environmental compliance and promote sustainable development. Investing in eco-friendly manufacturing processes, recyclable materials, and end-of-life recycling programs can minimize the environmental footprint of electric motor production and contribute to a greener automotive industry.

Conclusion

In conclusion, the automotive electric motors market presents a compelling opportunity for stakeholders to drive innovation, sustainability, and performance in the global automotive industry. By embracing technological advancements, fostering collaboration, and prioritizing sustainability, stakeholders can navigate the complexities of the market landscape and position themselves for success in an increasingly electrified and sustainable automotive future.

[rohitpalan]

AC Electric Motor Market Forecast: Robust CAGR of 5.10% Signals Steady Growth Ahead

According to Future Market Insights’ latest industry analysis, the global AC electric motor market is estimated to be around US$ 11.3 billion in 2024. In 2023, the market was valued at US$ 10.6 billion. It is projected to exhibit a CAGR growth of 5.10% over the forecast period, with an estimated market size of US$ 18.6 billion in 2034.

The oil and gas industry globally has experienced tremendous growth in the last few years, especially after the pandemic. This has pushed significant demand for cutting-edge technologies and solutions, with a particular focus on enhancing operational efficiency, sustainability, and safety. AC electric motors are perfect for addressing these industry needs, providing a crucial technological foundation to meet the evolving demands of the oil and gas sector.

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The demand for AC electric motors in the oil and gas industry is also fueled by their critical role in enhancing operational performance, reliability, and sustainability. Oil and gas exploration companies rely on these motors to power various equipment essential for exploration activities. These electric motors also find their applications in identifying subsurface geological structures and potential hydrocarbon reservoirs.

As the world pushes toward eco-friendly energy solutions, AC electric motors play a crucial role in supporting the transition. Their demand in countries such as the United States, the United Kingdom, Germany, Japan, etc., is driven by a collective effort to embrace environmentally sustainable practices in the energy sector.

“Continuous innovation is very crucial for key players in the AC electric motor market, especially in the oil and gas industry. Major stakeholders must allocate resources to research and development activities to drive innovation in AC electric motor technologies. Besides this, these companies must expand the range of electric motors and related products to cater to broader applications within the oil and gas sector,” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways from the Market Study:

Induction motors dominate the global AC electric motor market with a CAGR of 4.0% for the forecast period through 2034.

Electric motors with less than 1kV capacity lead the AC electric motor market with a CAGR of 3.8% for the forecast period through 2034.

The AC electric motor market in South Korea is predicted to grow at a remarkable CAGR of 7.40% through 2034.

The AC electric motor market in the UK is predicted to rise at a whopping 6.50% CAGR through 2034.

The AC electric motor market in China has the potential to increase at 6.00% CAGR through 2034.

The United States AC electric motor market is predicted to rise by 5.50% CAGR through 2034.

The AC electric motor market in Japan is predicted to grow at a CAGR of 3.70% through 2034.

Competitive Landscape

The global AC electric motors market is characterized by high concentration, with major players such as Siemens, General Electric, WEG, Emerson Electric, Nidec, Regal Beloit, Marathon Electric, Kirloskar Electric Company Limited, dominating the landscape.

Companies within the market are making substantial investments in research and development. This commitment is directed towards introducing innovative technologies and continuous improvements in electric motors

To meet the varied demands of the oil and gas sector, major players are focusing on expanding the range of electric motors and related products. This strategy enables companies to address a broader spectrum of applications

Recent Developments:

In 2019, Ward Leonard, a manufacturer based in the United States specializing in electric motors and generators, unveiled the WL29BC200 AC induction motor. This motor, specifically crafted for applications involving mud pumps and draw works in the oil and gas industry, boasts a power of 2,000 HP, allowing it to fit seamlessly into a 1,500 HP motor package.

In the oil and gas sector, Ward Leonard, a US-based manufacturer specializing in electric motors and generators, unveiled the WL29BC200 AC induction motor in July 2019. This motor, boasting 2,000 HP, is uniquely crafted for applications involving mud pumps and draw works.

Leading Key Players:

ABB

Siemens

General Electric

Schneider Electric

WEG

Emerson Electric

Nidec

Regal Beloit

TECO Electric & Machinery

Marathon Electric

Toshiba Corporation

Franklin Electric Co.

Yaskawa Electric Corporation

Baldor Electric Company

Johnson Electric Holdings Limited

Kirloskar Electric Company Limited

Hyundai Electric & Energy Systems

Brook Crompton UK Ltd.

CG Power and Industrial Solutions Ltd.

Leroy-Somer

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AC Electric Motor Market Segmentation:

By type:

AC motors

DC motors

By end-user:

Industrial

Commercial

Residential

Agriculture

Transportation

By power rating:

<1 kW Motors

1–2.2 kW Motors

2.2–375 kW Motors

>375 kW Motors

By voltage:

Low Voltage Motors

Medium Voltage Motors

High Voltage Motors

By rotor type:

Inner Rotor

Outer Rotor

By output power:

<1 HP

>1 HP

By region:

Asia Pacific

Europe

North America

Middle East & Africa

Latin America

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

[yourusatoday]

Navigating the Automotive Electric Motors Market: An In-Depth Analysis

In the era of electrification and sustainable transportation, the Automotive Electric Motors Market emerges as a pivotal force driving innovation, efficiency, and environmental stewardship within the automotive industry. With the relentless pursuit of electrified mobility solutions and the transition towards zero-emission vehicles, automotive electric motors play a central role in reshaping the future of transportation. In this comprehensive analysis, we delve into the intricacies and market dynamics shaping the landscape of automotive electric motors.

Understanding the Evolution of Automotive Electric Motors

The evolution of automotive electric motors represents a paradigm shift in vehicle propulsion technology, offering enhanced performance, efficiency, and sustainability compared to traditional internal combustion engines. From the pioneering days of electric vehicles to the current wave of electrification sweeping across the automotive sector, electric motors have evolved into sophisticated powertrains capable of powering a diverse range of vehicles.

Types of Automotive Electric Motors

Permanent Magnet Motors: Characterized by high efficiency and compact design, permanent magnet motors leverage rare-earth magnets to generate magnetic fields, enabling efficient power conversion and torque delivery.

Induction Motors: Renowned for their robustness and reliability, induction motors utilize electromagnetic induction to produce rotational motion, making them well-suited for various automotive applications.

Brushless DC Motors: With their brushless design and electronic commutation, brushless DC motors offer improved efficiency, reduced maintenance, and precise control, making them ideal for electric vehicles (EVs) and hybrid electric vehicles (HEVs).

Market Trends and Growth Drivers

Amidst the rapid electrification of the automotive industry, the Automotive Electric Motors Market experiences dynamic shifts driven by technological advancements, regulatory mandates, and shifting consumer preferences.

Electrification Initiatives and Regulatory Imperatives

In response to mounting concerns over air quality and greenhouse gas emissions, governments worldwide are implementing stringent emissions regulations and incentivizing the adoption of electric vehicles. Mandates such as zero-emission vehicle (ZEV) mandates and emission targets propel automakers towards electrification, catalyzing demand for automotive electric motors and electrified powertrains.

Technological Innovation and Performance Enhancement

Advancements in motor design, materials science, and power electronics unlock new frontiers in motor efficiency, power density, and thermal management. Innovations such as silicon carbide (SiC) power semiconductors, advanced cooling systems, and integrated motor-inverter solutions elevate the performance and reliability of automotive electric motors, paving the way for next-generation electric vehicles with extended range and enhanced driving dynamics.

Market Segmentation and Application Landscape

The Automotive Electric Motors Market encompasses a diverse array of applications spanning passenger vehicles, commercial vehicles, and electric mobility solutions.

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Passenger Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs)

With the proliferation of EV platforms and the emergence of long-range electric vehicles, passenger EVs and PHEVs represent the vanguard of electrified mobility. High-performance electric motors, coupled with advanced battery technology and regenerative braking systems, enable EVs to deliver exhilarating acceleration, extended range, and seamless driving experiences.

Commercial Vehicles and Urban Mobility Solutions

In the realm of commercial transportation and urban mobility, electric motors power a myriad of applications, including electric buses, delivery vans, and last-mile logistics solutions. The electrification of commercial fleets promises reduced operating costs, lower emissions, and enhanced urban air quality, driving adoption and investment in electric propulsion technologies.

Conclusion

In conclusion, the Automotive Electric Motors Market epitomizes the convergence of innovation, sustainability, and transformative change within the automotive industry. As automakers embrace electrification and transition towards sustainable mobility solutions, automotive electric motors emerge as indispensable enablers of this paradigm shift. By fostering collaboration, innovation, and strategic partnerships, industry stakeholders can accelerate the transition to electrified transportation and forge a greener, more sustainable future for mobility.

[businessindustry]

Ignition Coil Market Technological Trends and Future Threats Analysis by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Ignition Coil Market Analysis share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Ignition Coil Market?

The global ignition coil market size was US$ 2.7 Billion in 2022. Furthermore, the market is expected to register a revenue CAGR of 4.8% during the forecast period and reach a market size of US$ 4.1Bn in 2031.

What are Ignition Coil?

An ignition coil plays a vital role in the ignition system of an internal combustion engine, converting the low voltage from the battery into the high voltage necessary to produce a spark in the spark plugs. This spark initiates the combustion process by igniting the fuel-air mixture in the engine's cylinders, powering the vehicle. Operating on electromagnetic induction principles, the ignition coil comprises a primary coil winding that receives the low voltage and a secondary coil winding that generates the high voltage.

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What are the growth prospects and trends in the Ignition Coil industry?

The ignition coil market growth is driven by various factors and trends. The ignition coil market is on a stable growth trajectory globally, propelled by the growing automotive industry worldwide. These coils are indispensable for ensuring efficient engine ignition in gasoline-powered vehicles. Technological advancements, including the introduction of sophisticated ignition systems that enhance fuel efficiency and lower emissions, are further fueling market growth. Moreover, the increasing popularity of electric vehicles is opening up new avenues for ignition coil manufacturers, as these vehicles still rely on ignition systems for specific functions. With the automotive sector evolving towards more efficient and environmentally friendly vehicles, the ignition coil market is poised for continued expansion. Hence, all these factors contribute to ignition coil market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Conventional Ignition Coils

Distributor Ignition Coils

Coil-on-Plug Ignition Coils

Smart Ignition Coils

Vehicle Type:

Passenger Cars

Light Commercial Vehicles (LCVs)

Heavy Commercial Vehicles (HCVs)

Electric Vehicles (EVs)

Technology:

Conventional Ignition Systems

Capacitive Discharge Ignition (CDI) Systems

Electronic Ignition Systems

Distributorless Ignition Systems (DIS)

Sales Channel:

Original Equipment Manufacturers (OEMs)

Aftermarket

Application:

Gasoline Engines

Diesel Engines

Compressed Natural Gas (CNG) Engines

Others

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Who are the key players operating in the industry?

The report covers the major market players including:

Bosch

Denso Corporation

Delphi Technologies (now part of BorgWarner)

NGK Spark Plug Co., Ltd.

Valeo

Standard Motor Products, Inc.

Hitachi Automotive Systems

Federal-Mogul (now part of Tenneco)

Mitsubishi Electric Corporation

ACDelco (a division of General Motors)

Bremi Fahrzeug-Elektrik GmbH & Co. KG

Hella GmbH & Co. KGaA

Continental AG

SMP Deutschland GmbH (formerly BERU)

Mitsubishi Electric Automotive America, Inc.

View Full Report: https://www.reportsandinsights.com/report/Ignition Coil-market

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[infinitiresearch]

AC Electric Motor Sales in Oil and Gas Market| Analysis and Forecast, 2023 – 2027

Originally published on Technavio: AC Electric Motor Sales in Oil and Gas Market by Power Rating, Type and Geography - Forecast and Analysis 2023-2027

The AC Electric Motor Sales in Oil and Gas Market is poised for a detailed forecast and analysis covering the period from 2023 to 2027, focusing on key factors such as power rating, motor types, and geographical considerations. AC electric motors play a crucial role in the oil and gas industry, powering various applications ranging from pumps and compressors to drilling equipment.

In terms of power rating, the market encompasses a diverse range of AC electric motors, including low voltage, medium voltage, and high voltage motors. Low voltage motors are commonly used for less demanding applications, while medium voltage motors find application in more complex processes such as pumping and compression. High voltage motors are typically employed in heavy-duty applications, providing the necessary power for critical operations in the oil and gas sector.

The types of AC electric motors in the market include induction motors and synchronous motors. Induction motors, known for their reliability and robust performance, are widely utilized in the oil and gas industry for various applications. Synchronous motors, with their precise control capabilities, are employed in situations where synchronous operation and precision are crucial, such as in some drilling and pumping operations.

Geographically, the market spans regions including North America, Europe, Asia-Pacific, and others, with a focus on key countries like the United States, Germany, China, and more. North America, particularly the United States, holds a significant share in the AC Electric Motor Sales in Oil and Gas Market, driven by the extensive oil and gas exploration and production activities in the region. Europe contributes to the market with advancements in motor technologies and the presence of key industry players. The Asia-Pacific region, with its growing energy demand, is witnessing increased adoption of AC electric motors in the oil and gas sector.

The forecasted period suggests substantial growth in the AC Electric Motor Sales in Oil and Gas Market, propelled by factors such as the continuous expansion of oil and gas activities, technological advancements in motor design, and the need for energy-efficient solutions. However, challenges related to the cyclical nature of the oil and gas industry, fluctuating energy prices, and environmental concerns may influence market dynamics.

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In conclusion, the AC Electric Motor Sales in Oil and Gas Market is poised for significant expansion, reflecting the essential role of electric motors in powering critical operations within the oil and gas sector. The market's evolution is shaped by the diversity of power ratings and motor types, as well as regional trends in energy exploration and production. Overcoming challenges and aligning with the evolving needs of the oil and gas industry will be crucial for sustained success in the AC Electric Motor Sales in Oil and Gas Market from 2023 to 2027.

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