This research presents the forecast scenario in the North American electric motors market from 2020 to 2024 –including sales by geographic regions, motor technologies, motor power ratings and major end-user industries.
Geographic segments included are the United States and Canada.
Motor technologies included are AC Induction/Asynchronous motor; AC Synchronous, which includes Permanent Magnet AC (PMAC) motor, reluctance motor and other synchronous motors; Brushed DC motor; brushless DC motor or electronically commutated motor; and servo & stepper motor.
End-user segments include metals & mining, oil & gas, electric power generation, chemicals and petrochemicals, water and wastewater treatment, food & beverage, other process industries, discrete industries, medical devices and building automation, marine, heating, ventilation and air conditioning (HVAC), lawn and gardening equipment, and traction.
In addition, this study discusses the competitive revenues and market shares in 2019 and the technology and business trends that are expected to impact the market from 2019 to 2024.
The adoption of permanent magnet (PM) alternative current (AC) motors increased in 2019 due to their advantages such as space savings and higher energy efficiency.
The sale of electronically commutated (EC) motors (also known as brushless direct current (DC) motors) is likely to remain higher than the market average growth in 2018. The increasing percentage of fans, blowers, water pumps, industrial robots and medical devices fitted with these motors will drive the market in 2019.
Revenue growth for the market is being enabled by the long-term trends of increasing electrification trend and end-users' willingness to invest in higher energy efficient technologies in order to reduce their operating cost and also their carbon footprint (in order to market themselves as green companies.
Constant investments into segments such as oil & gas, water & wastewater treatment enabled by growing demand for natural gas liquefaction and transportation are likely to be instrumental in boosting the revenue growth for electric motors from 2020 to 2024.
Expected increase in the uptake of electric vehicles (EVs) and hybrid electric vehicles (HEVs) will lead to an increase in the demand for traction motors used in these vehicles.
Market revenue in $ million has been provided for 2 countries, 7 product segments by motor technology, 3 product segments by motor power and voltage rating and 13 end-user segments.
The research estimates the motors market size from 2016 to 2019 and provides a forecast for the market for the period from 2020 to 2024.
Our reports have been used by over 10K customers, including:
Abstract MRO Inventory Management Services Procurement in the US This report is intended to assist buyers of maintenance, repair and operating (MRO) inventory management services. Service providers cut costs and improve supply levels by taking charge of and optimizing purchasing decisions related to buyers'...
Abstract Turbine Repair & Maintenance Procurement in the US This report is intended to assist buyers of turbine repair and maintenance services. Suppliers provide maintenance and repair for rotors, blades and all other turbine components. Because turbines are used to generate power, many vendors also provide...
346 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Jul 2020
Bonded Magnets Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published on the bonded magnets market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics....
Abstract Electroshock Weapons Procurement in the US This report is intended to assist buyers of electroshock weapons. Conducted electroshock weapons (CEWs) are designed to disrupt a living target's muscle functions or cause them pain by delivering an electrical current into their bodies. These weapons...
The Global Surge Protection Device Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2027. Some of the prominent trends that the market is witnessing include increasing reliance on renewable energy sources, rapid industrialization in developing countries, and...
The 2019 Global: Fans (Excluding Table, Floor, Wall, Ceiling Or Roof Fans With A Self-Contained Electric Motor Of An Output ? 125 W, Axial Fans, Centrifugal Fans) Products-Manufacturing Forecast (2025) report analyzies the market size, projected growth/decline and regional data for the period 2014 through 2025. The market study aims...
The 2019 Global: Refrigerating Furniture With A Refrigerating Unit Or Evaporator (Excluding Combined Refrigerator-Freezers) Products-Manufacturing Forecast (2025) report analyzies the market size, projected growth/decline and regional data for the period 2014 through 2025. Perry/Hope Partners’ reports provide the most accurate industry...
The 2019 Global: Centrifugal Fans (Excluding Table, Floor, Wall, Window, Ceiling Or Roof Fans With A Self-Contained Electric Motor Of An Output ? 125 W) Products-Manufacturing Forecast (2025) report analyzies the market size, projected growth/decline and regional data for the period 2014 through 2025. Perry/Hope Partners’ reports provide...
The 2019 Global: Machinery For Liquefying Air Or Other Gases Products-Manufacturing Forecast (2025) report analyzies the market size, projected growth/decline and regional data for the period 2014 through 2025. Perry/Hope Partners’ reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts...
Mining And Quarrying
Pulp And Paper
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.