North American Electric Motor Market Set to Reach $41.4Bn by 2024 - Analysis on Market Trends, Share, Size, Growth, Opportunities & Forecasts (2019-2024) - ResearchAndMarkets.com
The "North America Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The North American electric motor market reached a value of US$ 33.5 Billion in 2018. Looking forward, the market is projected to reach a value of US$ 41.4 Billion by 2024, registering a CAGR of 3.6% during 2019-2024.
The North American 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.
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
Key Topics Covered
1 Preface
2 Scope and 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
For more information about this report visit https://www.researchandmarkets.com/r/tcs1rp
View source version on businesswire.com: https://www.businesswire.com/news/home/20191230005263/en/
