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In recent years, the companies operating in the electric motor market have engaged in product launches to consolidate their position. For instance, in February 2021, Johnson Electric Holdings Limited launched a new series of low-voltage DC motors for actuators used in hospital beds, smart recliners, height-adjustable desks, and other smart furniture.  In the same vein, in June 2021, maxon motor AG introduced BIKEDRIVE Air, a 3.5 kg e-bike system that consists of an integrated battery, a mid-mounted motor, and a control element. Additionally, the players in the electric motor market are also opting for mergers and acquisitions to gain a competitive edge. For example, in March 2021, AMETEK Inc. acquired Crank Software, EGS Automation, and Magnetrol International for $270 million.  With the acquisition of Magnetrol International and EGS Automation, AMETEK Inc. aims to expand its level measurement solutions portfolio and widen its automation solutions portfolio. Furthermore, the ...

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. Get the Sample Co...

The electric motor market is expected to exhibit a CAGR of 4.8% during the forecast period (2020–2030) due to the increasing compliance for energy-efficient electric motors, surging demand for electric vehicles (EVs), and growing usage of these devices for varied applications. Apart from this, the soaring sale of heating, ventilation, and air conditioning (HVAC) appliances is expected to increase the revenue of the market from $118.2 billion in 2019 to $195.2 billion in 2030. Anything with moving parts mostly has a motor, which is why the demand for such devices is so high. At present, the surging demand for customized electric motors is fueling the electric motor market growth . End-users are adopting high numbers of customized electric motors to avoid compatibility issues. Suppliers are offering these motors to meet the specifications and needs of customers and differentiate their products. The customization process includes the attachment of cables or addition of brackets, gears, m...