Electric Motor Market Size to reach a value of $175.5 billion by 2024- KBV Research

Press release   •   Apr 23, 2019 10:53 IST

According to a new report Global Electric Motor Market, published by KBV research, The Global Electric Motor Market size is expected to reach $175.5 billion by 2024, rising at a market growth of 7.4% CAGR during the forecast period.

The North America market would grow at a CAGR of 6.7 % during the forecast period. The Europe market is expected to witness a CAGR of 7.1% during (2018-2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.8% during (2018-2024).

The Fractional Horsepower (FHP) Output market dominated the Global Electric Motor Market by Output Power 2017. The Integral Horsepower (FHP) Output market is expected to witness a CAGR of 6.2% during (2018-2024).

The Motor Vehicles market dominated the Global Electric Motor Market by End User 2017, growing at a CAGR of 6.4 % during the forecast period. The Industrial Machinery market is expected to witness a CAGR of 6.6% during (2018-2024). The Heating Ventilating and Cooling (HVAC) Equipment market is expected to witness a CAGR of 8.7% during (2018-2024). Additionally, The Household Appliances market is expected to witness highest CAGR of 9% during (2018-2024).

Full Report: https://www.kbvresearch.com/global-electric-motor-market/

For more details: https://www.kbvresearch.com/subscription-model/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, General Electric (GE), Siemens AG, Hitachi, Ltd., Mitsubishi Heavy Industries Ltd., ABB Corporation, Emerson Electric Co., Denso Corporation, Toshiba Corporation, and Brook Crompton UK Ltd.

Global Electric Motor Market Segmentation

By Component

AC Motor

Synchronous AC Motor

Induction AC Motor

DC Motor

Brushless DC Motor

Brushed DC Motor

Hermetic Motor

By Output Power

Fractional Horsepower (FHP) Output

Integral Horsepower (FHP) Output

By End User

Motor Vehicles

Industrial Machinery

Heating Ventilating and Cooling (HVAC) Equipment

Household Appliances

Aerospace & Transportation


By Geography

North America




Rest of North America








Rest of Europe

Asia Pacific




South Korea



Rest of Asia Pacific





Saudi Arabia

South Africa


Rest of LAMEA

Companies Profiled

Robert Bosch GmbH

General Electric (GE)

Siemens AG

Hitachi, Ltd.

Mitsubishi Heavy Industries Ltd.

ABB Corporation

Emerson Electric Co.

Denso Corporation

Toshiba Corporation

Brook Crompton UK Ltd.

Unique Offerings from KBV Research

Exhaustive coverage of Electric Motor Market Size

Highest number of market tables and figures

Subscription based model available

Guaranteed best price

Assured post sales research support with 10% customization free

Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

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