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Electric Motors Market Share

Report ID: GMI2144
Published Date: Dec 2022
Report Format: PDF

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Electric Motors Market Share

Some of the leading companies operating in the market include:

ABB
Allied Motion Inc
Robert Bosch GmbH
Baldor Electric Company
Bühler Motor GmbH
Dongjin Vietnam
Denso Corporation
Emerson Electric Co
Fuji Electric Co., Ltd
Johnson Electric
General Electric
Lucas TVS
Siemens AG
Maxon Motor AG
WEG
Zytek Automotive/Continental Engineering Services
YASA Limited.

These companies are emphasizing business expansions, collaborations, and other strategies to reinforce their presence in the global market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market surpassed USD 18 billion in 2022 and is anticipated to register over 5.5% CAGR through 2023-2032, due to government efforts to boost EV production and curb environmental hazards.

The OEM end-use segment is expected to be over USD 25 billion by 2032, given the rising disposable income and improving economic conditions.

North America industry share to exhibit over 5.5% CAGR through 2023-2032, owing to the rise in living standards and escalating vehicle sales.

Some of the prominent players functioning in the market include ABB, Allied Motion, Inc., Robert Bosch GmbH, Denso Corporation, Emerson Electric Co., Fuji Electric Co., Ltd., and YASA Limited, among others.