North America Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

North America Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The North America electric motor market reached a value of US$ 33.5 Billion in 2018. An electric motor is an electro-mechanical device that converts electrical energy into mechanical energy. It works on the basic principle of electromagnetic induction according to which a current-carrying conductor always experiences a force in the presence of magnetic field. Electric motors offer long operational life, low energy consumption, low maintenance and high tolerance for fluctuating voltages. Owing to these benefits, electric motors are widely employed across various sectors, such as industrial machinery, motor vehicles, household appliances, HVAC equipment (heating-ventilating-air-conditioning), aerospace, transportation, etc.

The North America electric motor market is currently being driven by a number of factors. The increasing penetration of mechanization and automation across several industries has catalyzed the demand for electric motors in the region. In addition to this, rising technological advancements have led to the introduction of household appliances operated by electric motors, thereby positively influencing the market growth. Furthermore, electric motors are also employed in the agriculture industry for enhanced efficiency, controllability and long operational life of the machineries. Apart from this, rising per capita incomes coupled with the increasing environmental concerns have replaced fuel-driven automobiles with electric vehicles, thereby stimulating the demand for electric motors. Looking forward, IMARC Group expects the market to reach a value of US$ 41.4 Billion by 2024, registering a CAGR of 3.6% during 2019-2024.


Report Scope:

North America Electric motor Market

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Type
AC Motor
Induction AC Motor
Synchronous AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Others

Market by Voltage
Low Voltage Electric Motors
Medium Voltage Electric Motors
High Voltage Electric Motors

Market by Speed
Ultra-High-Speed Motors
High-Speed Motors
Medium Speed Motors
Low Speed Motors

Market by Applications
Industrial Machinery
HVAC
Transportation
Household Appliances
Motor Vehicles
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:

How has the North America electric motor market performed so far and how will it perform in the coming years?
What are the key regions in the North America electric motor market?
What is the breakup of the North America electric motor market on the basis of type?
What is the breakup of the North America electric motor market on the basis of voltage?
What is the breakup of the North America electric motor market on the basis of speed?
What is the breakup of the North America electric motor market on the basis of applications?
What are the various stages in the value chain of the North America electric motor industry?
What are the key driving factors and challenges in the North America electric motor industry?
What is the structure of the North America electric motor industry and who are the key players?
What is the degree of competition in the North America electric motor industry?
What are the profit margins in the North America electric motor industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States and Canada
Segments Covered: Type, Voltage, Speed and Applications

Report Customization: Although IMARC has tried to cover everything in the North America electric motor market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electric Motor Market
5.1 Market Performance
5.2 Market Breakup by Type
5.3 Market Breakup by Voltage
5.4 Market Breakup by Speed
5.5 Market Breakup by Application
5.6 Market Forecast
6 North America Electric Motor Market
6.1 Market Performance
6.2 Market Forecast
7 North America Electric Motor Market: Breakup by Type
7.1 AC Motor
7.1.1 Induction AC Motor
7.1.2 Synchronous AC Motor
7.2 DC Motor
7.2.1 Brushed DC Motor
7.2.2 Brushless DC Motor
7.3 Others
8 North America Electric Motor Market: Breakup by Voltage
8.1 Low Voltage Electric Motors
8.2 Medium Voltage Electric Motors
8.2 High Voltage Electric Motors
9 North America Electric Motor Market: Breakup by Speed
9.1 Ultra-High-Speed Motors
9.2 High-Speed Motors
9.3 Medium Speed Motors
9.4 Low Speed Motors
10 North America Electric Motor Market: Breakup by Applications
10.1 Industrial Machinery
10.2 HVAC
10.3 Transportation
10.4 Household Appliances
10.5 Motor Vehicles
10.6 Others
11 North America Electric Motor Market: Breakup by Country
11.1 United States
11.1.1 Historical market Trends
11.1.2 Market Breakup by Type
11.1.3 Market Breakup by Voltage
11.1.4 Market Breakup by Speed
11.1.5 Market Breakup by Applications
11.1.6 Market Forecast
11.2 Canada
11.2.1 Historical market Trends
11.2.2 Market Breakup by Type
11.2.3 Market Breakup by Voltage
11.2.4 Market Breakup by Speed
11.2.5 Market Breakup by Applications
11.2.6 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porter’s Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Rivalry
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: Global: Electric Motor Market: Sales Value (in Billion US$), 2013-2018
Figure 2: Global: Electric Motor Market: Breakup by Type (in %), 2018
Figure 3: Global: Electric Motor Market: Breakup by Voltage (in %), 2018
Figure 4: Global: Electric Motor Market: Breakup by Speed (in %), 2018
Figure 5: Global: Electric Motor Market: Breakup by Applications (in %), 2018
Figure 6: Global: Electric Motor Market: Breakup by Region (in %), 2018
Figure 7: Global: Electric Motor Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: North America: Electric Motor Market: Sales Value (in Million US$), 2013-2018
Figure 9: North America: Electric Motor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 10: North America: Electric Motor Market: Breakup by Type (in %), 2018
Figure 11: North America: Electric Motor (AC Motor) Market: Sales Value (in Million US$), 2013 & 2018
Figure 12: North America: Electric Motor (AC Motor) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: North America: Electric Motor (DC Motor) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: North America: Electric Motor (DC Motor) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: North America: Electric Motor (Other Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: North America: Electric Motor (Other Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: North America: Electric Motor Market: Breakup by Voltage (in %), 2018
Figure 18: North America: Electric Motor (Low Voltage Electric Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: North America: Electric Motor (Low Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: North America: Electric Motor (Medium Voltage Electric Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: North America: Electric Motor (Medium Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: North America: Electric Motor (High Voltage Electric Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: North America: Electric Motor (High Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: North America: Electric Motor Market: Breakup by Speed (in %), 2018
Figure 25: North America: Electric Motor (Ultra-High-Speed Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: North America: Electric Motor (Ultra-High-Speed Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: North America: Electric Motor (High-Speed Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: North America: Electric Motor (High-Speed Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: North America: Electric Motor (Medium Speed Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: North America: Electric Motor (Medium Speed Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: North America: Electric Motor (Low Speed Motors) Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: North America: Electric Motor (Low Speed Motors) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: North America: Electric Motor Market: Breakup by Applications (in %), 2018
Figure 34: North America: Electric Motor (Industrial Machinery) Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: North America: Electric Motor (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: North America: Electric Motor (HVAC) Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: North America: Electric Motor (HVAC) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: North America: Electric Motor (Transportation) Market: Sales Value (in Million US$), 2013 & 2018
Figure 39: North America: Electric Motor (Transportation) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: North America: Electric Motor (Household Appliances) Market: Sales Value (in Million US$), 2013 & 2018
Figure 41: North America: Electric Motor (Household Appliances) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: North America: Electric Motor (Motor Vehicles) Market: Sales Value (in Million US$), 2013 & 2018
Figure 43: North America: Electric Motor (Motor Vehicles) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: North America: Electric Motor (Other Applications) Market: Sales Value (in Million US$), 2013 & 2018
Figure 45: North America: Electric Motor (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: North America: Electric Motor Market: Breakup by Country (in %), 2018
Figure 47: United States: Electric Motor Market: Sales Value (in Million US$), 2013-2018
Figure 48: United States: Electric Motor Market: Breakup by Type (in %), 2018
Figure 49: United States: Electric Motor Market: Breakup by Voltage (in %), 2018
Figure 50: United States: Electric Motor Market: Breakup by Rated Power (in %), 2018
Figure 51: United States: Electric Motor Market: Breakup by Speed (in %), 2018
Figure 52: United States: Electric Motor Market: Breakup by Applications (in %), 2018
Figure 53: United States: Electric Motor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 54: Canada: Electric Motor Market: Sales Value (in Million US$), 2013-2018
Figure 55: Canada: Electric Motor Market: Breakup by Type (in %), 2018
Figure 56: Canada: Electric Motor Market: Breakup by Voltage (in %), 2018
Figure 57: Canada: Electric Motor Market: Breakup by Rated Power (in %), 2018
Figure 58: Canada: Electric Motor Market: Breakup by Speed (in %), 2018
Figure 59: Canada: Electric Motor Market: Breakup by Applications (in %), 2018
Figure 60: Canada: Electric Motor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 61: North America: Electric Motor Industry: SWOT Analysis
Figure 62: North America: Electric Motor Industry: Value Chain Analysis
Figure 63: North America: Electric Motor Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Electric Motor Market: Key Industry Highlights, 2018 and 2024
Table 2: North America: Electric Motor Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: North America: Electric Motor Market Forecast: Breakup by Voltage (in Million US$), 2019-2024
Table 4: North America: Electric Motor Market Forecast: Breakup by Speed (in Million US$), 2019-2024
Table 5: North America: Electric Motor Market Forecast: Breakup by Applications (in Million US$), 2019-2024
Table 6: North America: Electric Motor Market Forecast: Breakup by Country (in Million US$), 2019-2024
Table 7: North America: Electric Motor Market: Competitive Structure
Table 8: North America: Electric Motor Market: Key Players

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