Electric Motors Market 2021 Regional Trend & Growth Projections to 2026
Category: #business  By Ronak Bora  Date: 2021-09-28
  • share
  • Twitter
  • Facebook
  • LinkedIn
Electric Motors Market 2021 Regional Trend & Growth Projections to 2026

The electric motors market in transportation sector can be bifurcated into traction motors, small motors for consumer goods and industrial applications, and small motors for automotive based on motors. Traction motors are extensively employed in two-wheelers, trains and ATV’s for superior efficiency, enhanced reliability and low energy consumption in multiple applications, and the segment is anticipated to achieve a CAGR of over 6.5% through 2026.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2144

Small DC motors for vehicles include the motors utilized for antilock braking system (ABS), air suspension, vacuum pumps, cooling fans & blowers’ motion and forklift actuation. Additionally, small DC motors that are deployed in railway and aerospace applications include low voltage motor, high voltage motor, HVAC compressor motors and cooling motors. The specific use of the motors for various purposes will escalate the electric motors market forecast.

Manufacturing firms in the transportation sector catering to the increasing demands of products and rising innovative enhancements in the automotive industrial products pertaining to customer requirements are driving the electric motors market sales for transportation sector. Varying industrial demands of electrical steel sheet used as the core of traction motors for hybrid electric vehicles is a factor affecting the product development.

Manufacturers are implementing several marketing strategies to improve product penetration by promoting hybrid vehicles to augment the overall electric motor industry sales. The ability to enhance the efficiency of the automobiles by lowering the gross weight will foster the expansion of electric motors industry in transportation sector.

Electric motors market in transportation sector is fragmented on end use into OEMs and aftermarket. On comparison, OEMs largely influence the electric motor industry and are anticipated to hold 80% of the total global market share in the fore coming years for their extensive use in various applications like traction motors in manufacturing of electric vehicles and use of high-voltage cooling fan motor and HVAC compressors.

Growing innovative product demand in transport and enforcement of severegovernment policies and regulations concerning the environment are some factors influencing the electric motors market outlook for transportation sector. Government regulations stating the implementation of electric motorbikes and hybrid passenger cars will positively impact the European electric motors industry from transportation applications.

             

It has been reported that the electric motors market share for transportation sector is likely to exceed $20 billion by 2026 worldwide. Some of the leading companies providing these motors are Siemens, Hyosung, WEG, General Electric, ABB, Robert Bosch, Regal Beloit, Toshiba Allied Motion Technologies, Buhler Motor Gmbh and Shandong, among many others.

Get This Report Customized To Your Requirements @https://www.decresearch.com/roc/2144

Some Point from Table of Contents:

Data Tables

TABLE 1.  Electric motors industry 3600 synopsis, 2016 – 2026

TABLE 2.  Electric motors market in transportation sector estimates and forecast, 2016 – 2019, (Million units) (USD Million)

TABLE 3.  Electric motors industry in transportation sector estimates and forecast, 2020 - 2026, (Million units) (USD Million)

TABLE 4.  Comparison of motor by type

TABLE 5.  Electric motors industry in transportation sector volume estimates and forecast by motors, 2016 – 2019 (Million units)

TABLE 6.  Electric motors industry in transportation sector volume estimates and forecast by motors, 2020 - 2026 (Million units)

TABLE 7.  Electric motors industry in transportation sector revenue estimates and forecast by motors, 2016 – 2019 (USD Million)

TABLE 8.  Electric motors industry in transportation sector revenue estimates and forecast by motors, 2020 - 2026 (USD Million)

TABLE 9.  Electric motors industry in transportation sector volume estimates and forecast by end-use, 2016 – 2019 (Million units)

TABLE 10. Electric motors market in transportation sector volume estimates and forecast by end-use, 2020 - 2026 (Million units)

TABLE 11. Electric motors industry in transportation sector revenue estimates and forecast by end-use, 2016 – 2019 (USD Million)

TABLE 12. Electric motors industry in transportation sector revenue estimates and forecast by end-use, 2020 - 2026 (USD Million)

TABLE 13. Electric motors market in transportation sector volume estimates and forecast by region, 2016 – 2019 (Million units)

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/electric-motors-market

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...