Global Electric Motor and Generator Market: Overview
An assembly of electric motor and generator also referred to as a dynamometer is a specialized type of equipment for controlling the speed of machinery. Besides being used for power and torque measurements dynamometers are used for several other functionalities, which include testbed for engine development activities. For instance, dynamometers are used for standard emissions testing cycles, as defined by the U.S. Environmental Protection Agency.
The electric motor and generator assemblies are commonly used for household appliances, which includes refrigerators, air conditioners, microwave ovens, freezers, automatic dishwashers, and other products such as computer disk drives that require a small horsepower motor,. The motor-generator assembly are either present as separate elements or as a single setup wherein rotor coils of both motor and generator are wound around a single rotor.
The report presents an in-depth analysis of the various market indicators, technological developments, and growth trends that are important to understand the progression of the global electric motor and generator market from 2016 to 2024. The research report analyzes the past and current performance of the market based on which projections are included herein. This includes market size values and analysis of the various segments in the past, which are used to present forecasts for the study period.
The report is presented after an extensive research phase followed by insightful inputs received from industry experts. The report is compiled in a chapter-wise format, which is further divided into sub-sections that discusses a specific aspect of the market at length.
The report studies the global electric motor and generator market from a competitive viewpoint as well. This includes the current competitive structure of the market and analysis of the various factors that will change the competitive hierarchy until the end of the forecast period. The leading companies operating in this market are profiled for their competitive attributes of business positioning, product portfolio and specification, recent developments, financial standing, and SWOTs. The report also presents the indicators of strengths, weakness, opportunities, and threats of the global motor and generator market until the end of the forecast period in 2024. The analysis presented in the report helps existing and new players leverage gainful opportunities, which will help change the traditional market dynamics.
Global Electric Motor and Generator Market: Drivers and Restraints
The ever increasing advancement of the electrical and electronics industry is one of the primary factors driving the global electric motor and generator market. Electric appliances and electronics are equipped with electric motor and generator for operational reasons. However, factors such as the economic crisis of late and price fluctuations of electronics are holding back the market’s growth. Product development and innovation can steer the global electric motor and generator market to new heights.
Global Electric Motor and Generator Market: Regional Outlook
The report segments the global electric motor and generator market into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. Currently, North America and Asia Pacific are the largest markets for electric motors and generators. These regions are followed by Europe and Rest of the World. In particular, the emerging economies of Asia Pacific and Rest of the World are potential hotbeds to contribute significant revenue to the global electric motor and generator market.
Major Companies Mentioned in report
Some of the leading companies in the global electric motor and generator market are Emerson Electric, Baldor Electric Co., Ingersoll-Rand, General Electric Co., and Krollmorgen Corp.
The global electric motor and generator market is segmented as follows:
Global Electric Motor and Generator Market, by Region
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- A clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.