Global Market for Electronically Commutated Motors is Anticipated to grow at a Constant Pace i.e., USD 7.1 Billion during the Forecast Period 2021-2027

Published Date: Jun, 2021

The global electronic commutated motors market is growing at a constant pace and is expected to reach USD$ 7.1 billion by 2027, thus anticipating a CAGR of 5.8 % during the forecast period 2021-2027.  Electronically Commutated Motors are the favorable option in fractional horsepower applications and they have high savings when used in air-conditioning and refrigeration systems. EC motors are long-lasting, less maintenance cost, highly efficient, and improves energy conservation.

Amidst the COVID-19 pandemic, there is a massive slowdown in the electronically commutated motor industry because of the shutdown of the production of various products. It has affected the sale of equipment and machinery and the major demand was from giant manufacturing countries like the U.S., Germany, Italy, UK, and China. These countries are affected by a coronavirus, thus halting the demand for equipment and machinery.

Browse 63 market data Tables and 40 Figures spread through 180 Pages and in-depth TOC on " Electronically Commutated Motors Market by Product Type (Constant Air Flow, Constant Torque, and Constant Speed), by Motor Type (Brushless DC Motors, Permanent Magnet AC Motor, and Servo Motors), by Power Rating (0-750W, 750W-3KW, 3KW-75KW, and Above 75KW), by Application (HVAC(Residential and Commercial), Consumer Electronics, Automotive, Packaging, Material Handling, Industrial Machines, and Others), and Region - Global Forecast to 2027"

 Commercial segment to hold the highest position in electronically commutated motors market.

On the basis of application, the market is divided into HVAC (Residential and Commercial), consumer electronics, automotive, packaging, material handling, industrial machines, and others. The commercial sector is holding the leading share in the market. The commercial sector includes office buildings, hypermarkets, theatres, shopping & recreation centers, hotels. In commercial buildings, HVAC ECMs are used to change the speed and torque of the fan motors according to system requirements.

Global Electronics Commutated Motors Market Segmentation Analysis

Segment

Categorization

Leading Category

Product Type

Constant Air Flow, Constant Torque, and Constant Speed

Constant Air Flow (Largest)

Constant Torque (Fastest)

Motor Type

Brushless DC Motors, Permanent Magnet AC (PMAC) Motor, and Servo Motors

Brushless DC Motors (Largest)

Power Rating

0-750W, 750W-3KW, 3KW-75KW, and Above 75KW

0-750W (Largest)

Application

HVAC (Residential and Commercial), Consumer Electronics, Automotive, Packaging, Material Handling, Industrial Machines, and Others

Commercial HVAC (Highest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

 

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Geography Insight

Geographically, APAC is anticipated to have the largest market share in the global electronically commutated motors market during the forecast period followed by North America and Europe. The rising demand for electric vehicles and environmental concerns for safety are boosting the demand for the global electronically commutated motors market in the Asia Pacific.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2019–2027

Historical Period

2019–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Product Type, Motor Type, Power Rating, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

 

ABB Group, Siemens, WEG, Parker Hannifin, Nidec Motor Corporation, Astro Motorengesellschaft mbH & Co. KG, Allied Motion Technologies, Maxon Motor AG, Buhler Motor GmbH, and Kollmorgen Corp.

 

Competitive Insight

Some of the key players operating in the automotive wire harness market: ABB Group, Siemens, WEG, Parker Hannifin, Nidec Motor Corporation, Astro Motorengesellschaft mbH & Co. KG, Allied Motion Technologies, Maxon Motor AG, Buhler Motor GmbH, and Kollmorgen Corp.

Key Takeaway from the Report:

  • On the basis of application, the commercial segment holds the highest position in the electronically commutated motors market.
  • On the basis of product type, the constant airflow segment grows at a higher pace.

The Report Offers:

  • Historical market estimate for the years 2019–2020 and forecast for the years 2020–2027
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global electronically commutated motors market on the basis of product type, motor type, power rating, application, and region.

 Global Electronically Commutated Motors Market Coverage

Product Type Insight and Forecast 2020-2027

  • Constant Air Flow
  • Constant Torque
  • Constant Speed

Motor Type Insight and Forecast 2020-2027

  • Brushless DC Motors
  • Permanent Magnet AC (PMAC) Motors
  • Servo Motors

Power Rating Insight and Forecast 2020-2027

  • 0-750W
  • 750W-3KW
  • 3KW-75KW
  • Above 75KW

Application Insight and Forecast 2020-2027

  • HVAC
  • Consumer Electronics
  • Automotive
  • Packaging
  • Material Handling
  • Industrial Machines
  • Others

Geographical Segmentation

Electronics Commutated Motors Market by Region

North America

  • By Product Type
  • By Motor Type
  • By Power Rating
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product Type
  • By Motor Type
  • By Power Rating
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

  • By Product Type
  • By Motor Type
  • By Power Rating
  • By Application
  • By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product Type
  • By Motor Type
  • By Power Rating
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

Our Industry
Global Market for Electronically Commutated Motors is Anticipated to grow at a Constant Pace i.e., USD 7.1 Billion during the Forecast Period 2021-2027