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Electric Motor Market Set To Exhibit Rapid Expansion in Asia-Pacific in Future

Depending on motor type, the electric motor market is categorized into AC motor, DC motor, and hermetic motor. Out of these, the AC motor category is predicted to hold the largest share in the market in the forthcoming years. This is credited to their higher speed and torque and the fact that they can operate at higher voltages in comparison to the DC and AC variants. These motors also have lower maintenance requirements than the others. 

Between the synchronous and induction AC motor sub-categories, the latter is currently holding the larger revenue share in the market, due to the large-scale usage of these motors in the industrial sector. Across the globe, the electric motor market is predicted to exhibit the fastest growth in Asia-Pacific (APAC) in the forthcoming years. This is ascribed to the surging requirement for electric vehicles in China, because of the implementation of strict environmental regulations and supportive government policies in the country.





Similarly, India is also witnessing a surge in electric vehicle deployment, due to the various incentives and subsidies being provided by the government for purchasing these vehicles, under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME-India) scheme. In addition to this, the escalating demand for HVAC equipment in the real estate sector and the rising industrialization rate are also driving the sales of electric motors in the country.

Hence, it is safe to say that the market will register huge expansion in the years to come, mainly because of the growing deployment of electric vehicles, rising demand for HVAC equipment, and the soaring usage of energy-efficient motors in the industrial sector. This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings



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