DUBLIN–(BUSINESS WIRE)–The “Electric Motors Market in North America, Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
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.
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.
Key Topics Covered:
1. Executive Summary
- Key Findings
- Market Engineering Measurements
- CEO’s Perspective
2. Market Overview
- Market Definitions
- Market Overview – End-user Segmentation
- Key Questions This Study Will Answer
- Market Segmentation by Motor Technology
- Market Segmentation by End-user Segment
- Market Distribution Channels
3. Drivers and Restraints
- Market Drivers
- Drivers Explained
- Market Restraints
- Restraints Explained
4. Forecast and Trends
- Market Engineering Measurements
- Forecast Assumptions
- Revenue Forecast
- Revenue Forecast Discussion
- Revenue Forecast by Motor Technology
- Revenue Forecast Discussion by Motor Technology
- Revenue Forecast by Motor Voltage & Power Rating
- Revenue Forecast Discussion by Motor Voltage & Power Rating
- Percent Revenue Forecast by Country
- Revenue Forecast by Country
- Revenue Forecast Discussion by Country
- Revenue Forecast by End-user Segment
- Revenue Forecast Discussion by End-user Segment
5. Market Share and Competitive Analysis
- Market Share
- Market Share Analysis
- Competitive Environment
- Top Competitors
6. Growth Opportunities and Companies to Action
- Major Growth Opportunities
- Growth Opportunity 1 – Energy-Efficient Motors
- Growth Opportunity 2 – Brushless DC Motors
- Growth Opportunity 3 – Industrial Mobility
- Growth Opportunity 4 – Motor Analytics
- Strategic Imperatives for Success and Growth
7. Oil & Gas Segment Analysis
- Revenue Forecast
- Revenue Forecast Discussion
8. Chemicals & Petrochemicals Segment Analysis
9. Power Generation Segment Analysis
10. Metals & Mining Segment Analysis
11. Marine Segment Analysis
12. Water & Wastewater Treatment Segment Analysis
13. Food & Beverage Segment Analysis
14. HVAC Segment Analysis
15. Discrete Industries Segment Analysis
16. Other Process Industries Segment Analysis
17. Medical Devices & Building Automation Segment Analysis
18. Lawn & Garden Segment Analysis
19. Traction Segment Analysis
- Revenue Forecast
- Revenue Forecast Discussion
- EV and HEV – List of Incentives
20. Country Analysis – United States
- United States – Key Findings
- Revenue Forecast
- Revenue Forecast Discussion
21. Country Analysis – Canada
- Canada – Key Findings
- Revenue Forecast
- Revenue Forecast Discussion
Companies Mentioned
- Brushless DC Motors
- Energy-Efficient Motors
- Industrial Mobility
- Motor Analytics
For more information about this report visit https://www.researchandmarkets.com/r/5ywmzi
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
