NORTH AMERICA ELECTRIC MOTOR MARKET FORECAST 2019-2027

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NORTH AMERICA ELECTRIC MOTOR MARKET FORECAST 2019-2027

The North America electric motor market is estimated to grow at a CAGR of 6.43% in terms of volume and 5.32% in terms of revenue during the forecast period, and is the largest market in terms of revenue. The increasing manufacturing sectors, increase in the utilization of AC motors cross-industrial applications, and the rising awareness about efficient energy use are the factors expected to drive the growth of the market. The North America electric motor market is evaluated on the basis of the markets across the regions, such as the United States and Canada. The United States market is expected to be the fastest-growing market in the North American region.

NORTH AMERICA ELECTRIC MOTOR MARKET FORECAST 2019-2027

North America Electric Motor Market by Motor Type (AC Motor(Synchronous Motors, Induction AC Motor), DC Motor(Brushed DC Motor, Brushless DC Motor), Hermetic Motor) by Output power (IHP Output, FHP Output) by Voltage Range (Less than 9V, 10-20V, 21-60V, More than 60V) by Speed (Low Speed Electric Motors, Medium Speed Electric Motors, High Speed Electric Motors, Ultra High Speed Electric Motors) by Application(Industrial Machinery, Motor Vehicles Machinery, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Appliances) & by Geography

The North America electric motor market is estimated to grow at a CAGR of 6.43% in terms of volume and 5.32% in terms of revenue during the forecast period, and is the largest market in terms of revenue. The increasing manufacturing sectors, increase in the utilization of AC motors cross-industrial applications, and the rising awareness about efficient energy use are the factors expected to drive the growth of the market.

The electric motor market in North America is evaluated on the basis of the markets across the regions, such as the United States and Canada. The United States market is expected to be the fastest-growing market in the North American region. The presence of large automotive markets, aerospace industry, electric motor market as a result of rising demand from end-user industries, etc. are the factors driving the growth of the United States market. The technological advancements and the increasing applications in manufacturing industries are driving the Canadian electric motor market. The increasing demand for energy-efficient centrifugal pumps is another trend estimated to drive the growth of Canada electric motor market.

There are many established companies as well as new entrants emerging in the North America market. Allied Motion Technologies Inc. is an American company that engages in the design and manufacture of various control products and systems, headquartered in Amherst, New York. Its products include integrated motor drives, permanent magnet DC motors, servo motors, torque motors, etc., and operates across the US, Canada, Mexico, Asia, and Europe.

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ENERGY-EFFICIENT ELECTRIC MOTORS WILL DRIVE THE MARKET
      • ELECTRIC ENGINES VS INTERNAL COMBUSTION ENGINES
      • AC MOTORS LEADS THE MARKET BY MOTOR TYPE
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • INCREASING ELECTRIFICATION OF AUTOMOBILES
      • GROWTH IN DEMAND FROM AGRICULTURE SECTOR
      • INCREASE IN ADOPTION OF ELECTRIC MOTORS IN HVAC INDUSTRY
    • MARKET RESTRAINTS
      • HIGH INITIAL COSTS OF ELECTRIC MOTORS
    • MARKET OPPORTUNITIES
      • DEMAND FOR ELECTRIC MOTORS FROM SPECIFIC APPLICATIONS
      • INCREASE IN ADOPTION OF ELECTRIC AND GREEN VEHICLES
    • MARKET CHALLENGES
      • RAW MATERIAL PRICE FLUCTUATIONS
  1. MARKET BY MOTOR TYPE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • AC MOTOR
      • SYNCHRONOUS AC MOTOR
      • INDUCTION AC MOTOR
    • DC MOTOR
      • BRUSHED DC MOTOR
      • BRUSHLESS DC MOTOR
    • HERMETIC MOTOR
  2. MARKET BY OUTPUT POWER (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • IHP OUTPUT
    • FHP OUTPUT
  3. MARKET BY VOLTAGE RANGE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • LESS THAN 9V
    • 10-20V
    • 21-60V
    • MORE THAN 60V
  4. MARKET BY SPEED (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • LOW-SPEED ELECTRIC MOTORS
    • MEDIUM SPEED ELECTRIC MOTORS
    • HIGH SPEED ELECTRIC MOTORS
    • ULTRA HIGH SPEED ELECTRIC MOTORS
  5. MARKET BY APPLICATION (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • INDUSTRIAL MACHINERY
    • MOTOR VEHICLES MACHINERY
    • HVAC EQUIPMENT
    • AEROSPACE & TRANSPORTATION
    • HOUSEHOLD APPLIANCES
    • OTHER COMMERCIAL APPLIANCES
  6. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • PRICE
      • EFFICIENCY
      • SPEED RATING
      • INSULATION
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  7. GEOGRAPHICAL ANALYSIS (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. COMPANY PROFILES
    • ABB GROUP
    • ALLIED MOTION TECHNOLOGIES, INC.
    • AMETEK, INC.
    • ARC SYSTEMS INC.
    • BROOK CROMPTON UK LTD. (SUBSIDIARY BROOK CROMPTON HOLDINGS)
    • DENSO CORPORATION
    • FAULHABER
    • EMERSON ELECTRIC CO.
    • FRANKLIN ELECTRIC CO., INC.
    • JOHNSON ELECTRIC HOLDINGS LTD.
    • MAXON MOTORS AG
    • NIDEC CORPORATION
    • REGAL BELOIT CORPORATION
    • ROCKWELL AUTOMATION INC.
    • SIEMENS

TABLE LIST

TABLE 1: NORTH AMERICA ELECTRIC MOTOR MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: NORTH AMERICA ELECTRIC MOTOR MARKET, BY COUNTRY, 2019-2027 (IN MILLION UNITS)

TABLE 3: NORTH AMERICA ELECTRIC MOTOR MARKET, BY MOTOR TYPE, 2019-2027 (IN $ MILLION)

TABLE 4: NORTH AMERICA ELECTRIC MOTOR MARKET, BY MOTOR TYPE, 2019-2027 (IN MILLION UNITS)

TABLE 5: NORTH AMERICA ELECTRIC MOTOR MARKET, BY AC MOTORS, 2019-2027 (IN $ MILLION)

TABLE 6: NORTH AMERICA ELECTRIC MOTOR MARKET, BY AC MOTORS, 2019-2027 (IN MILLION UNIT)

TABLE 7: NORTH AMERICA ELECTRIC MOTOR MARKET, BY DC MOTOR, 2019-2027 (IN $ MILLION)

TABLE 8: NORTH AMERICA ELECTRIC MOTOR MARKET, BY DC MOTOR, 2019-2027 (IN MILLION UNITS)

TABLE 9: NORTH AMERICA ELECTRIC MOTOR MARKET, BY OUTPUT POWER, 2019-2027 (IN $ MILLION)

TABLE 10: NORTH AMERICA ELECTRIC MOTOR MARKET, BY OUTPUT POWER, 2019-2027 (IN MILLION UNITS)

TABLE 11: NORTH AMERICA ELECTRIC MOTOR MARKET, BY VOLTAGE RANGE, 2019-2027 (IN $ MILLION)

TABLE 12: NORTH AMERICA ELECTRIC MOTOR MARKET, BY VOLTAGE RANGE, 2019-2027 (IN MILLION UNITS)

TABLE 13: NORTH AMERICA ELECTRIC MOTOR MARKET, BY SPEED, 2019-2027 (IN $ MILLION)

TABLE 14: NORTH AMERICA ELECTRIC MOTOR MARKET, BY SPEED, 2019-2027 (IN MILLION UNITS)

TABLE 15: NORTH AMERICA ELECTRIC MOTOR MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 16: NORTH AMERICA ELECTRIC MOTOR MARKET, BY APPLICATION, 2019-2027 (IN MILLION UNITS)

TABLE 17: OPPORTUNITY MATRIX

TABLE 18: VENDOR LANDSCAPE

TABLE 19: NORTH AMERICA ELECTRIC MOTOR MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 20: NORTH AMERICA ELECTRIC MOTOR MARKET, BY COUNTRY, 2019-2027 (IN MILLION UNITS)

FIGURE LIST 

FIGURE 1: NORTH AMERICA ELECTRIC MOTOR MARKET, BY SPEED, 2018 & 2027 (IN %)

FIGURE 2: NORTH AMERICA ELECTRIC MOTOR MARKET, BY AC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 3: NORTH AMERICA ELECTRIC MOTOR MARKET, BY SYNCHRONOUS AC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 4: NORTH AMERICA ELECTRIC MOTOR MARKET, BY INDUCTION AC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 5: NORTH AMERICA ELECTRIC MOTOR MARKET, BY DC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 6: NORTH AMERICA ELECTRIC MOTOR MARKET, BY BRUSHED DC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 7: NORTH AMERICA ELECTRIC MOTOR MARKET, BY BRUSHLESS DC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 8: NORTH AMERICA ELECTRIC MOTOR MARKET, BY HERMETIC MOTOR, 2019-2027 (IN $ MILLION)

FIGURE 9: NORTH AMERICA ELECTRIC MOTOR MARKET, BY IHP OUTPUT, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA ELECTRIC MOTOR MARKET, BY FHP OUTPUT, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA ELECTRIC MOTOR MARKET, BY LESS THAN 9V, 2019-2027 (IN $ MILLION)

FIGURE 12: NORTH AMERICA ELECTRIC MOTOR MARKET, BY 10-20V, 2019-2027 (IN $ MILLION)

FIGURE 13: NORTH AMERICA ELECTRIC MOTOR MARKET, BY 21-60V, 2019-2027 (IN $ MILLION)

FIGURE 14: NORTH AMERICA ELECTRIC MOTOR MARKET, BY MORE THAN 60V, 2019-2027 (IN $ MILLION)

FIGURE 15: NORTH AMERICA ELECTRIC MOTOR MARKET, BY LOW-SPEED ELECTRIC MOTORS, 2019-2027 (IN $ MILLION)

FIGURE 16: NORTH AMERICA ELECTRIC MOTOR MARKET, BY MEDIUM SPEED ELECTRIC MOTORS, 2019-2027 (IN $ MILLION)

FIGURE 17: NORTH AMERICA ELECTRIC MOTOR MARKET, BY HIGH SPEED ELECTRIC MOTORS, 2019-2027 (IN $ MILLION)

FIGURE 18: NORTH AMERICA ELECTRIC MOTOR MARKET, BY ULTRA HIGH SPEED ELECTRIC MOTORS, 2019-2027 (IN $ MILLION)

FIGURE 19: NORTH AMERICA ELECTRIC MOTOR MARKET, BY INDUSTRIAL MACHINERY, 2019-2027 (IN $ MILLION)

FIGURE 20: NORTH AMERICA ELECTRIC MOTOR MARKET, BY MOTOR VEHICLES MACHINERY, 2019-2027 (IN $ MILLION)

FIGURE 21: NORTH AMERICA ELECTRIC MOTOR MARKET, BY HVAC EQUIPMENT, 2019-2027 (IN $ MILLION)

FIGURE 22: NORTH AMERICA ELECTRIC MOTOR MARKET, BY AEROSPACE & TRANSPORTATION, 2019-2027 (IN $ MILLION)

FIGURE 23: NORTH AMERICA ELECTRIC MOTOR MARKET, BY HOUSEHOLD APPLIANCES, 2019-2027 (IN $ MILLION)

FIGURE 24: NORTH AMERICA ELECTRIC MOTOR MARKET, BY OTHER COMMERCIAL APPLIANCES, 2019-2027 (IN $ MILLION)

FIGURE 25: PORTER’S FIVE FORCE ANALYSIS

FIGURE 26: KEY BUYING IMPACT ANALYSIS

FIGURE 27: VALUE CHAIN ANALYSIS

FIGURE 28: NORTH AMERICA ELECTRIC MOTOR MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 29: UNITED STATES ELECTRIC MOTOR MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: CANADA ELECTRIC MOTOR MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
  1. MARKET BY MOTOR TYPE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • AC MOTOR
      • SYNCHRONOUS AC MOTOR
      • INDUCTION AC MOTOR
    • DC MOTOR
      • BRUSHED DC MOTOR
      • BRUSHLESS DC MOTOR
    • HERMETIC MOTOR
  2. MARKET BY OUTPUT POWER (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • IHP OUTPUT
    • FHP OUTPUT
  3. MARKET BY VOLTAGE RANGE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • LESS THAN 9V
    • 10-20V
    • 21-60V
    • MORE THAN 60V
  4. MARKET BY SPEED (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • LOW-SPEED ELECTRIC MOTORS
    • MEDIUM SPEED ELECTRIC MOTORS
    • HIGH SPEED ELECTRIC MOTORS
    • ULTRA HIGH SPEED ELECTRIC MOTORS
  5. MARKET BY APPLICATION (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: MILLION UNITS)
    • INDUSTRIAL MACHINERY
    • MOTOR VEHICLES MACHINERY
    • HVAC EQUIPMENT
    • AEROSPACE & TRANSPORTATION
    • HOUSEHOLD APPLIANCES
    • OTHER COMMERCIAL APPLIANCES

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