Electric Motor Market Snapshot (2023 to 2033)

The anticipated size of the global electric motor market in 2022 was US$ 131.4 billion and is estimated to be US$ 132.8 billion in 2023. Market for global electric motors is important as the increase in the number of government incentives for encouraging sales of green vehicles from safeguarding the environment from carbon emissions is anticipated to boost the market.

Industries of electric motors, nowadays have observed various advancements in technology in the past few years, i.e., raising the demand of the market. Future Market Insights has mentioned in its reports that the electric motor market will expand at a CAGR of 6.64% between 2023 and 2033, totaling around US$ 252.6 billion by 2033.

Arrival of better insulation materials is on the verge of improvement in operational efficiency and the product's life, which has substantially driven the market where the market is expected to witness humongous growth over the forecasted period that owes to an increase in the production of automobiles during the forecast period.

Demand for energy-efficient motors is also driving the market by boosting the prices of electricity and rigorous standards of electricity consumption. Various methods like stringent manufacturing and designing standards for the improvement of efficiency are further pushing manufacturers for developing efficient products. Market for electric motors is also therefore shifting towards the maintenance of efficient motorized systems as they lack appreciation regarding advantages and high initial purchase costs, which are preserving the market from the realization of its ultimate potential.

Attributes Details
Projected Forecast Value (2022) US$ 131.4 billion
Projected Forecast Value (2023) US$ 132.8 billion
Projected Forecast Value (2033) US$ 252.6 billion
Growth rate 6.64% CAGR
Forecast period 2023 to 2033

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Electric Motor Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global electric motor market grew at a CAGR of 5.43% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 6.64% between 2023 and 2033.

Driven by increasing focus on research and development and investment in Industrial sector, the electric motor market will rise at 5.6% CAGR in 2021 and above 3.8% CAGR registered during 2016-2020.

Penetration of robotics and automation in the last decade, across a plethora of industry verticals encompassing electronics manufacturing, food & beverage industries, and automotive. Investments in smart factory automation, particularly in massive production plants, have been growing constantly. Increasing the adoption of automation and robotics technology, electric motor demand will be boosted in regard to its use in drive units. Growth rate of the electric motor market growth is thus expected to be in proportion to that of industrial automation and robotics.

Demand for electric motors is also set to be buoyed by the residential appliances segment wherein low-power capacity motors are primarily used. Electric motor market has been perceived as a high volume-high value market. Energy Association estimates, 40% of the total energy used in industries is consumed to drive electric motors in lieu of the same, with emphasis on promoting the use of high-efficiency motors.

Developed as well as developing countries are expected to usher in sound growth opportunities for the product via new units as well as replacement sales. Expansion of usage scope towards untapped end-use verticals is expected to augur the growth of electric motors on a long-term basis. Demand for electric motors will witness healthy growth with Industrial Robotics, Energy, Residential Appliances, and Municipal Water Utilities being the key growth enablers in the coming years.

What are the Prominent Drivers of the Electric Motor Market?

Expansion of the Municipal Water Treatment Market will Gradually Profit Electric Motor Sales

Robust rate of investments in civic infrastructure involving municipal water supply and wastewater treatment process will call for a hefty rate of pumps thus involving a proportionate rate of electric motors to be sold and installed with the electric motor market growth in the intermediate stages and clocking nearly double-digit growth rates in the next 5 years, new unit sales of electric motors will be highly sought.

Supporting factor for growth promotion is that electric motors and associated pumps for heavy-duty water supply processes are priced at a premium which will prove as a value proposition for the OEMs when coupled with installation and aftersales services.

Growth in Globalization and Growth of Carbon Emissions

An increase in globalization and growth in the level of emissions led by carbon and air pollution will continue to act as the main market in the growth driving factor of electric motors.

Growth in penetration of green vehicles in developing economies, i.e. boosting the focus on the technological advancements in electric motors and approaches of better insulation materials will further provoke the value of the market.

Growth in Research and Development is also Raising the Demand for Electric Motors Market

Growth in expenditure also undertakes proficiencies in research and development and an overall rise in the production of automobiles will further chisel out the way for the growth of the market.

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Regional Analysis

How will the Electric Motor Market Create an Opportunity in the United States?

Presence of the Attractive Market is Rising in the United States

North America is predicted to remain one of the most attractive markets during the forecast period which holds a share of 28.6% in the market according to Future Market Insights. United States is expected to be the dominant market in North America and reach US$ 40.4 billion by 2033 with a share of 17.8% in the market.

United States' highly developed end-use sectors are supporting the electric motor market growth where overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the United States calculated by Gross Domestic Product (GDP), according to CMS' Office of the Actuary estimates.

United States is home to the most technically advanced industrial sector in the world, making it a lucrative market for electric motor manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.

How is the Market of China Said to be leading the Electric Motors Market?

Well Developed Infrastructures in China make the Electric Motor Market the Leading

Demand in the China market is expected to rise at nearly 5.5% CAGR with a market share of 16.8% over the forecast period. China’s Industrial sector is backed by a well-developed infrastructure and it is largely supported by the government as it is not surprising that China has the most elevated level of expenditure across the globe.

China is recognized as a primary market and it is expected to continue exhibiting high demand for electric motors through the forecast period. Rising research activities, the presence of several major players, and the growing electric vehicle and Industrial sector are creating attractive opportunities for the electric motor market in the country.

How Much Growth can be seen in the Motor Market of Germany?

Cutting-edge Research for Addressing the Unmet Challenges as Constantly Investing in the German Market

Germany is one of the world’s top manufacturers of pharmaceuticals. Considering this, the demand for electric motors is expected to remain high in the country. By 2031, it is expected to account for over 25% of electric motor sales within Europe where the German market grows at a CAGR of 5.1%

Manufacturers in the country have a competitive advantage as they have access to cutting-edge research to address the unmet challenges as they are constantly investing in order to expand their operations, which is resulting in a more promising pipeline.

Why is the Demand for Electric Motors Market Rising in India?

Government Initiatives are leading the Market for Electric Motors in India

India will account for over 27% sales in the South Asian market. Government initiatives undertaken to give to impetus to industrial and automotive sectors are anticipated to complement industrial development in India, in turn supporting the expansion of the electric motor market growing at a CAGR of 3.6%.

Favorable policies implemented by the government of India to support production and sales of electric vehicles will fuel the demand for electric motor apart from this demand for pumps, drives, and general machinery.

Comparative Analysis of the Adjacent Markets

Electric Motor Market:

Attributes Electric Motor Market
CAGR (2023 to 2033) 6.64%
Market Value 2023 US$ 132.8 billion
Growth Factor Rise in adoption of industrial and automobile sectors.
Future Opportunities Boost the adoption of vehicles to run on renewable sources
Market Trends Increase in Urbanization promotes growth in the market

Conveyer System Market:

Attributes Conveyer System Market
CAGR (2023 to 2033) 5.45%
Market Value 2023 US$ 6.4 billion
Growth Factor Adoption of stringent government regulations and initiatives
Future Opportunities Encouragement of end-users for incorporating industrial automotive solutions
Market Trends Maximization of efficiency and cost saving automotive plants are being launched

Packaging Automation Market:

Attributes Packaging Automation Market
CAGR (2023 to 2033) 8.05%
Market Value 2023 US$ 74.5US$ 3.4 billion
Growth Factor Expeditious expansion in online retail sector
Future Opportunities Growth in the financial and technical support is provided for the creation of automated laboratories
Market Trends Huge expansion is found in the pharmaceutical sector for reconsidering the packaging market

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Category-wise Insights

Which Power Output in Electric Motor is Said to be Continuously Rising?

<1HP Power Output is said to Hold a Dominant Share

<1HP is the leading category and it is expected to account for 26% of the value share of the electric motor market. Reason behind demand is that this power output range witnesses maximum applications in various end-use industries. Moreover, these motors are cost-effective.

<1HP electric motors are expected to remain the top choice for many end users since they significantly reduce storage space and are considered to be suitable for diverse applications.

Which End User is Said to be Rising in Electric Motor Market?

Industrial sector is Said to Hold a Lucrative Portion in the Market.

Industrial sector is expected to hold the highest market share in electric motor market and is expected to reach at the market value of US$ 72.3 billion by 2033 which is growing at a CAGR of 4.22%

Primary reason behind sales in the industrial sector is the rapidly growing demand for automation across industries. Demand for time-saving and environment-friendly equipment has been increasing over the past few years which is increasing sales opportunities. Market is expected to gain from advent of the Industry 4.0 is major.

Which Product Type of Electric Motor is said to be Dominant?

AC Motor is Said to Have a Dominant Share

AC electric motor segment is estimated to hold for the dominant share of 25.4% owing to its advantages over DC motors as it requires less maintenance and has longer life cycle than DC motor. Also AC motors are typically thought to be more powerful than DC motors because they can create more torque with a higher current which is increasing its demand for various applications.

Which Application is Exhibiting a High Growth in the Market?

Robotics Segment is Said to Hold a High Position in the Market

Robotics segment is expected to exhibit a 5.9% CAGR in the global electric motor market through the assessment period. Increasing expenditure on technical developments and robotics imports for industrial production will aid the overall expansion of the segment.

Advancement in industrial production approaches in different nations like the United States and China has brought about improved cost-effectiveness for different production techniques as this has prompted more individuals to receive strategies for their production-specific technologies, therefore, has prompted a rise in demand for robotics.

Competitive Landscape

Some of the prominent players in the global market are-

  • Competition Deep Dive
  • Robert Bosch GmbH
  • Hitachi, Ltd.
  • Nidec Corporation
  • WEG S.A.
  • Siemens AG
  • ABB Group
  • Regal Beloit Corporation
  • Toshiba Corporation
  • Johnson Electric
  • Hyosung Corporation
  • Schneider Electric SE
  • Bonfiglioli Riduttori S.p.A.
  • Kirloskar Electric Company Ltd.
  • Allied Motion Technologies Inc.
  • East West Manufacturing, LLC
  • Hyundai Electric Co. Ltd.

Some of the important developments of the key players in the market are:

  • On January 24 2019, Bosch assumed full control of EM-motive, one of Europe’s most successful manufacturers of electric motors.
  • In August 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.
  • In February 2021, Johnson Electric launched the Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.
  • In May 2023, Hitachi Ltd. announced that Hitachi will transition its domestic power grids business into a new structure with Hitachi Energy for providing strong support for the early realization of a carbon-neutral society and the enhancement of resilient electricity network in Japan. Hitachi will also make the most of its expertise in the domestic market, as well as leading technologies and solutions based on Hitachi Energy's knowledge and experience in the global market, to contribute to Japan's Green Transformation (GX) by providing new values, such as improvision in the asset life cycle with the maintenance and services of the existing electricity network, and supporting flexibility, stability, and security of the power grids.

Report Scope

Report Attribute Details
Growth Rate CAGR of 6.64% from 2023 to 2033
Market value in 2023 US$ 132.8 billion
Market value in 2033 US$ 252.6 billion
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units US$ billion for Value and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Power Output
  • Product Type
  • Application
  • End Use
  • Region
Regions Covered
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa
Key Countries Profiled
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • India
  • Australia
  • New Zealand
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • General Electric
  • Robert Bosch GmbH
  • Hitachi Ltd.
  • Nidec Corporation
  • WEG S.A.
  • Siemens AG
  • ABB Group
  • Regal Beloit Corporation
  • Toshiba Corporation
  • Johnson Electric
  • Hyosung Corporation
  • Schneider Electric SE
  • Bonfiglioli Riduttori S.p.A.
  • Kirloskar Electric Company Ltd.
  • Allied Motion Technologies Inc.
  • East West Manufacturing, LLC
  • Hyundai Electric Co. Ltd.
Customization & Pricing Available on Request

Electric Motor Market Key Segments

Power Output:

  • <1 HP
  • 1-5 HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100 HP
  • 100 – 300 HP
  • 300 – 500 HP
  • Above 500 HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric Vehicles
    • Railways
    • Boats
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

What will be the value 2033 of the global electric motors market?

Global electric motors market in 2033 is likely to be worth US$ 252.6 billion

What will be the growth rate of the global electric motors market from 2023 to 2033?

The global electric motors market is expected to grow at a 6.64% CAGR during the forecast period 2023 to 2033

What was the growth rate of the global electric motors market from 2018 to 2022?

Sales of global electric motors market expanded at a CAGR of 5.43% from 2018 to 2022

What is the share of the North American market in the global electric motors market?

The North American market for global electric motor market is likely to have a market share of 28.6%

What is the share of the United States market for the global electric motor market?

The Unites States market for global electric motor market is likely to expand at a share of 17.8%

Which product type is said to dominate the global electric motior market?

AC motors are expected to generate maximum demand for the global electric motor market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Output

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Output, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Output, 2023 to 2033

        5.3.1. <1HP

        5.3.2. 1-5HP

        5.3.3. 5 – 10 HP

        5.3.4. 10 -20 HP

        5.3.5. 20 – 50 HP

        5.3.6. 50 - 100HP

        5.3.7. 100 – 300 HP

        5.3.8. 300 - 500HP

        5.3.9. Above 500HP

    5.4. Y-o-Y Growth Trend Analysis By Power Output, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Power Output, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033

        6.3.1. AC Motor

            6.3.1.1. Induction Motor

            6.3.1.2. Synchronous Motor

        6.3.2. DC Motor

            6.3.2.1. Brushed DC

            6.3.2.2. Brushless DC

    6.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        7.3.1. Pumps

        7.3.2. Fans

        7.3.3. Drives

        7.3.4. Compressor

        7.3.5. General Machinery

        7.3.6. Centrifugal Machinery

        7.3.7. Grinders

        7.3.8. Extruders

        7.3.9. Robotics

        7.3.10. Others

    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        8.3.1. Industrial

            8.3.1.1. Oil & Gas

            8.3.1.2. Power Generation

            8.3.1.3. Mining

            8.3.1.4. Food & Beverages

            8.3.1.5. Pulp & Paper

            8.3.1.6. Chemicals

            8.3.1.7. Air Separation Plant

            8.3.1.8. Other Manufacturing

        8.3.2. Residential

        8.3.3. HVAC & Refrigeration

        8.3.4. Medical

        8.3.5. Municipal Water Treatment

        8.3.6. Transportation

            8.3.6.1. Automotive

            8.3.6.2. Aviation

            8.3.6.3. Electric vehicles

            8.3.6.4. Railways

            8.3.6.5. Boats

        8.3.7. Others

    8.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. South Asia

        9.3.5. East Asia

        9.3.6. Oceania

        9.3.7. MEA

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. U.S.

            10.2.1.2. Canada

        10.2.2. By Power Output

        10.2.3. By Product Type

        10.2.4. By Application

        10.2.5. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Power Output

        10.3.3. By Product Type

        10.3.4. By Application

        10.3.5. By End Use

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Power Output

        11.2.3. By Product Type

        11.2.4. By Application

        11.2.5. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Power Output

        11.3.3. By Product Type

        11.3.4. By Application

        11.3.5. By End Use

    11.4. Key Takeaways

12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. U.K.

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Europe

        12.2.2. By Power Output

        12.2.3. By Product Type

        12.2.4. By Application

        12.2.5. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Power Output

        12.3.3. By Product Type

        12.3.4. By Application

        12.3.5. By End Use

    12.4. Key Takeaways

13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Malaysia

            13.2.1.3. Singapore

            13.2.1.4. Thailand

            13.2.1.5. Rest of South Asia

        13.2.2. By Power Output

        13.2.3. By Product Type

        13.2.4. By Application

        13.2.5. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Power Output

        13.3.3. By Product Type

        13.3.4. By Application

        13.3.5. By End Use

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Power Output

        14.2.3. By Product Type

        14.2.4. By Application

        14.2.5. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Power Output

        14.3.3. By Product Type

        14.3.4. By Application

        14.3.5. By End Use

    14.4. Key Takeaways

15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. Australia

            15.2.1.2. New Zealand

        15.2.2. By Power Output

        15.2.3. By Product Type

        15.2.4. By Application

        15.2.5. By End Use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Power Output

        15.3.3. By Product Type

        15.3.4. By Application

        15.3.5. By End Use

    15.4. Key Takeaways

16. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of MEA

        16.2.2. By Power Output

        16.2.3. By Product Type

        16.2.4. By Application

        16.2.5. By End Use

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Power Output

        16.3.3. By Product Type

        16.3.4. By Application

        16.3.5. By End Use

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. U.S.

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2022

            17.1.2.1. By Power Output

            17.1.2.2. By Product Type

            17.1.2.3. By Application

            17.1.2.4. By End Use

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2022

            17.2.2.1. By Power Output

            17.2.2.2. By Product Type

            17.2.2.3. By Application

            17.2.2.4. By End Use

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2022

            17.3.2.1. By Power Output

            17.3.2.2. By Product Type

            17.3.2.3. By Application

            17.3.2.4. By End Use

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2022

            17.4.2.1. By Power Output

            17.4.2.2. By Product Type

            17.4.2.3. By Application

            17.4.2.4. By End Use

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2022

            17.5.2.1. By Power Output

            17.5.2.2. By Product Type

            17.5.2.3. By Application

            17.5.2.4. By End Use

    17.6. U.K.

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2022

            17.6.2.1. By Power Output

            17.6.2.2. By Product Type

            17.6.2.3. By Application

            17.6.2.4. By End Use

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2022

            17.7.2.1. By Power Output

            17.7.2.2. By Product Type

            17.7.2.3. By Application

            17.7.2.4. By End Use

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2022

            17.8.2.1. By Power Output

            17.8.2.2. By Product Type

            17.8.2.3. By Application

            17.8.2.4. By End Use

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2022

            17.9.2.1. By Power Output

            17.9.2.2. By Product Type

            17.9.2.3. By Application

            17.9.2.4. By End Use

    17.10. China

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2022

            17.10.2.1. By Power Output

            17.10.2.2. By Product Type

            17.10.2.3. By Application

            17.10.2.4. By End Use

    17.11. Japan

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2022

            17.11.2.1. By Power Output

            17.11.2.2. By Product Type

            17.11.2.3. By Application

            17.11.2.4. By End Use

    17.12. South Korea

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2022

            17.12.2.1. By Power Output

            17.12.2.2. By Product Type

            17.12.2.3. By Application

            17.12.2.4. By End Use

    17.13. Singapore

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2022

            17.13.2.1. By Power Output

            17.13.2.2. By Product Type

            17.13.2.3. By Application

            17.13.2.4. By End Use

    17.14. Thailand

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2022

            17.14.2.1. By Power Output

            17.14.2.2. By Product Type

            17.14.2.3. By Application

            17.14.2.4. By End Use

    17.15. Indonesia

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2022

            17.15.2.1. By Power Output

            17.15.2.2. By Product Type

            17.15.2.3. By Application

            17.15.2.4. By End Use

    17.16. Australia

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2022

            17.16.2.1. By Power Output

            17.16.2.2. By Product Type

            17.16.2.3. By Application

            17.16.2.4. By End Use

    17.17. New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2022

            17.17.2.1. By Power Output

            17.17.2.2. By Product Type

            17.17.2.3. By Application

            17.17.2.4. By End Use

    17.18. GCC Countries

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2022

            17.18.2.1. By Power Output

            17.18.2.2. By Product Type

            17.18.2.3. By Application

            17.18.2.4. By End Use

    17.19. South Africa

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2022

            17.19.2.1. By Power Output

            17.19.2.2. By Product Type

            17.19.2.3. By Application

            17.19.2.4. By End Use

    17.20. Israel

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2022

            17.20.2.1. By Power Output

            17.20.2.2. By Product Type

            17.20.2.3. By Application

            17.20.2.4. By End Use

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Power Output

        18.3.3. By Product Type

        18.3.4. By Application

        18.3.5. By End Use

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. General Electric

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

                19.1.1.5.2. Product Strategy

                19.1.1.5.3. Channel Strategy

        19.1.2. Robert Bosch GmbH

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

                19.1.2.5.2. Product Strategy

                19.1.2.5.3. Channel Strategy

        19.1.3. Hitachi, Ltd.

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

                19.1.3.5.2. Product Strategy

                19.1.3.5.3. Channel Strategy

        19.1.4. Nidec Corporation

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

                19.1.4.5.2. Product Strategy

                19.1.4.5.3. Channel Strategy

        19.1.5. WEG S.A.

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

                19.1.5.5.2. Product Strategy

                19.1.5.5.3. Channel Strategy

        19.1.6. Siemens AG

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

                19.1.6.5.2. Product Strategy

                19.1.6.5.3. Channel Strategy

        19.1.7. ABB Group

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

                19.1.7.5.2. Product Strategy

                19.1.7.5.3. Channel Strategy

        19.1.8. Regal Beloit Corporation

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

                19.1.8.5.2. Product Strategy

                19.1.8.5.3. Channel Strategy

        19.1.9. Toshiba Corporation

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

                19.1.9.5.2. Product Strategy

                19.1.9.5.3. Channel Strategy

        19.1.10. Johnson Electric

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

                19.1.10.5.2. Product Strategy

                19.1.10.5.3. Channel Strategy

        19.1.11. Hyosung Corporation

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                19.1.11.5.1. Marketing Strategy

                19.1.11.5.2. Product Strategy

                19.1.11.5.3. Channel Strategy

        19.1.12. Schneider Electric SE

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                19.1.12.5.1. Marketing Strategy

                19.1.12.5.2. Product Strategy

                19.1.12.5.3. Channel Strategy

        19.1.13. Bonfiglioli Riduttori S.p.A.

            19.1.13.1. Overview

            19.1.13.2. Product Portfolio

            19.1.13.3. Profitability by Market Segments

            19.1.13.4. Sales Footprint

            19.1.13.5. Strategy Overview

                19.1.13.5.1. Marketing Strategy

                19.1.13.5.2. Product Strategy

                19.1.13.5.3. Channel Strategy

        19.1.14. Kirloskar Electric Company Ltd.

            19.1.14.1. Overview

            19.1.14.2. Product Portfolio

            19.1.14.3. Profitability by Market Segments

            19.1.14.4. Sales Footprint

            19.1.14.5. Strategy Overview

                19.1.14.5.1. Marketing Strategy

                19.1.14.5.2. Product Strategy

                19.1.14.5.3. Channel Strategy

        19.1.15. Allied Motion Technologies Inc.

            19.1.15.1. Overview

            19.1.15.2. Product Portfolio

            19.1.15.3. Profitability by Market Segments

            19.1.15.4. Sales Footprint

            19.1.15.5. Strategy Overview

                19.1.15.5.1. Marketing Strategy

                19.1.15.5.2. Product Strategy

                19.1.15.5.3. Channel Strategy

        19.1.16. East West Manufacturing, LLC

            19.1.16.1. Overview

            19.1.16.2. Product Portfolio

            19.1.16.3. Profitability by Market Segments

            19.1.16.4. Sales Footprint

            19.1.16.5. Strategy Overview

                19.1.16.5.1. Marketing Strategy

                19.1.16.5.2. Product Strategy

                19.1.16.5.3. Channel Strategy

        19.1.17. Hyundai Electric Co. Ltd.

            19.1.17.1. Overview

            19.1.17.2. Product Portfolio

            19.1.17.3. Profitability by Market Segments

            19.1.17.4. Sales Footprint

            19.1.17.5. Strategy Overview

                19.1.17.5.1. Marketing Strategy

                19.1.17.5.2. Product Strategy

                19.1.17.5.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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