Home > Industrial Machinery > Industrial Equipment > Motor > Consumer Electronics Electric Motor Market

Consumer Electronics Electric Motor Market Trends

  • Report ID: GMI5554
  • Published Date: Mar 2024
  • Report Format: PDF

Consumer Electronics Electric Motor Market Trends

There is an increasing demand for compact, lighter consumer electronic motors these days. Increased urbanization and population boom has made the residential space smaller in cities, therefore, consumers prefer compact and easy to carry appliances. To meet this demand, manufacturers are focusing on miniaturizing electric motors while maintaining or even enhancing performance.
 

In addition to miniaturization, there is a trend of noise reduction. Consumers prefer appliances and personal care devices where quiet operation is desirable. Electric motor manufacturers are developing quiet motor technologies and incorporating noise-reducing features such as precision engineering, vibration dampening, and advanced control algorithms. For example, Philips has launched a silent mixer grinder which does its task with little to no noise. Silent operation enhances user experience and enables the development of noise-sensitive applications such as robotic vacuum cleaners and electric shavers

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The Consumer Electronics Electric Motor Market was valued at USD 14 billion in 2023 and is estimated to register a CAGR of over 5.4% between 2024 & 2032, driven by an increase in the consumption of energy efficient appliances and technological advancements like development of brushless DC motors.

DC motor segment accounted for USD 6.3 billion in 2023 and is poised to grow rapidly till 2032, as they are easy to operate even in variety of voltage ratings and can easily fit in small spaces.

Asia Pacific Consumer Electronics Electric Motor Market generated USD 4.4 billion in 2023 and will gain prominence over 2024 and 2032, attributed to the population boom and rise in disposable income.

Nidec Corporation, Johnson Electric Holdings Ltd., Mabuchi Motor Co. Ltd., Siemens AG, Mitsumi Electric Co. Ltd., Maxon Motor AG , Ametek, Inc., Allied Motion Technologies Inc., Industrial Equipment Systems Co. Ltd., FAULHABER Group are some of the major industry contenders.

Consumer Electronics Electric Motor Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 212
  • Countries covered: 21
  • Pages: 138
 Download Free Sample