Global Electric Motors Household Appliances Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at 5.27% through 2020 to 2027, reaching US$ xx Mn.
Global Electric Motors Household Appliances Market
Global Electric Motors Household Appliances Market Overview:
Normally, most electric motors activate through an interaction between electric existing & the motor's magnetic field in the winding of a wire to produce force in the form of the spin of a shaft. Electric motors produce linear or rotary force intended to push some external structure, like a fan or an elevator. Electric motors are mainly used in electronic devices. According to MMR study, In Japan, the request for room air conditioners improved from 86.74 Mn units in 2016 to 96.47 Mn units in 2018.
The electric motor is the main component in the household appliances, which is used to power the blower for the transmission of air. The compressors to compress refrigerant & pumps water for cool water & hot water applications. The aims of powering the development of the electric motors market are increasing the demand for household appliances in the residential area & growing the affordability of household appliances. The growing demand for HVAC systems in household appliances is expected to rise the demand for electric motors in HVAC systems in the residential area.
The request for energy-efficient motors is driven by increasing electricity prices & strict electricity consumption standards. Also, strict manufacturing & designing standards for increasing their efficiency are further requiring manufacturers to improve effective products. Though, a lack of awareness about their benefits & high initial purchase cost is keeping the market from understanding its extreme potential. Conservation benefits are presented by electric motors are improving their implementation in EVs. These machines support in enhancing the efficiency of a device & saving costs connected to the energy consumed.
Additionally, increasing responsiveness towards environmental changes & the greenhouse effect is expected to shift customers’ focus towards electric type, which is expected to bolster the demand during the forecast period. The market is moving towards the acceptance of efficient motorized systems. The necessity for low power consumption & improved efficiency products is composed to boost the demand for the product over the forecast period.
By type, the AC motor segment accounted for a major market share in 2019. AC motors are smaller, cheaper, & lighter in weight & are also widely used in HVAC equipment. The acceptance of electric AC motors in the automotive industry has improved exponentially, because of the arrival of highly efficient & low-cost electronics, accompanied by developments in permanent magnetic materials. Growing demand for them in many industries including chemicals, paper & pulp, cement, & wastewater treatment is expected to further add to the development of the segment. Rising sales of EVs & subsequent scope of the machine type in the same are also anticipated to spur the development of the segment during the forecast period.
By region, the Asia Pacific held the major revenue share in 2019. It is expected to exhibit a maximum CAGR of 9.54 % over the forecast period. This development is attributed to factors like improvements in the agriculture sector along with huge investments in industrialization in countries, as China, India, South Korea, & Australia.
Europe & North America are witnessing a growing preference for the product. North America commanded approximately 17.75% of the total revenue in 2019. It is expected to post a noteworthy CAGR during the forecast period. North America is the largest market for premium efficiency motors that are used in HVAC & industrial applications & electric cars. Development opportunities for the market in Latin America & the MEA & Africa are expected to increase in forecast period thanks to growing government funding. Increasing demand from the oil & gas industry, rapid expansion in the mining industry, & major demand for cement through the construction industry are helping the market in these regions.
Competitive Landscape:
Global Electric Motors Household Appliances Market1
The objective of the report is to present a comprehensive analysis of the Global Electric Motors Household Appliances Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Electric Motors Household Appliances Market dynamics, structure by analyzing the Market segments and project the Global Electric Motors Household Appliances Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Electric Motors Household Appliances Market make the report investor’s guide.
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Global Offshore Crane Market, by Type
• AC motors
• DC motors
Global Offshore Crane Market, by Voltage
• Up to 50 V
• 50 v-120 v
• Above 120 v
Global Offshore Crane Market, by Application
• Refrigerator
• Washing Machine
• Ovens
• Vaccum Cleaners
• Dish Washer
Global Offshore Crane Market, by Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Electric Motors Household Appliances Market Key Players
• EBM –PAPST (Germany)
• Nichibo DC Motor (China)
• Elica S.p.A. (Italy)
• Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan)
• Johnson Electric Holdings Limited (Hong Kong)
• Keli Motor Group Co., Ltd.(China)
• Panasonic Corporation (Japan)
• CG Power and Industrial Solutions Limited (India)
• Nidec Motor corporation (Japan)
• Newmotech Co., Ltd (South korea)
• Dumore Motors (U.S)
• NMB (U.S)
• Cebi Group (Luxembourg)
• Sanhua Aweco (Germany)
• Diehl Stiftung and Co.KG (Germany)
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