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North America Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The North America electric motor market reached a value of US$ 19.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

An electric motor is an electro-mechanical device that converts electrical energy into mechanical energy. It works on the basic principle of electromagnetic induction according to which a current-carrying conductor always experiences a force in the presence of magnetic field. Electric motors offer long operational life, low energy consumption, low maintenance and high tolerance for fluctuating voltages. Owing to these benefits, electric motors are widely employed across various sectors, such as industrial machinery, motor vehicles, household appliances, HVAC equipment (heating-ventilating-air-conditioning), aerospace, transportation, etc.

The North America 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 Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America electric motor market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on type, voltage, speed and applications.

  • Key Regions Analysed
    • United States
    • Canada
       
  • Analysis for Each Country
     
  • Market by Type
    • AC Motor
      • Induction AC Motor
      • Synchronous AC Motor
    • DC Motor
      • Brushed DC Motor
      • Brushless DC Motor
    • Others
       
  • Market by Voltage
    • Low Voltage Electric Motors
    • Medium Voltage Electric Motors
    • High Voltage Electric Motors
       
  • Market by Speed
    • Ultra-High-Speed Motors
    • High-Speed Motors
    • Medium Speed Motors
    • Low Speed Motors
       
  • Market by Applications
    • Industrial Machinery
    • HVAC
    • Transportation
    • Household Appliances
    • Motor Vehicles
    • Others
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Voltage, Speed, Applications, Country
Countries Covered United States, Canada
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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 has been the impact of COVID-19 on 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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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 Breakup by Region 
    5.7    Market Forecast 
6    North America Electric Motor Market
    6.1    Market Performance
    6.2    Impact of COVID-19
    6.3    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
    8.3    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

List of Figures

Figure 1: Global: Electric Motor Market: Sales Value (in Billion US$), 2015-2020
Figure 2: Global: Electric Motor Market: Breakup by Type (in %), 2020
Figure 3: Global: Electric Motor Market: Breakup by Voltage (in %), 2020
Figure 4: Global: Electric Motor Market: Breakup by Speed (in %), 2020
Figure 5: Global: Electric Motor Market: Breakup by Applications (in %), 2020
Figure 6: Global: Electric Motor Market: Breakup by Region (in %), 2020
Figure 7: Global: Electric Motor Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: North America: Electric Motor Market: Sales Value (in Billion US$), 2015-2020
Figure 9: North America: Electric Motor Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: North America: Electric Motor Market: Breakup by Type (in %), 2020
Figure 11: North America: Electric Motor (AC Motor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: North America: Electric Motor (AC Motor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: North America: Electric Motor (DC Motor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: North America: Electric Motor (DC Motor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: North America: Electric Motor (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: North America: Electric Motor (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: North America: Electric Motor Market: Breakup by Voltage (in %), 2020
Figure 18: North America: Electric Motor (Low Voltage Electric Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: North America: Electric Motor (Low Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: North America: Electric Motor (Medium Voltage Electric Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: North America: Electric Motor (Medium Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: North America: Electric Motor (High Voltage Electric Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: North America: Electric Motor (High Voltage Electric Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: North America: Electric Motor Market: Breakup by Speed (in %), 2020
Figure 25: North America: Electric Motor (Ultra-High-Speed Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: North America: Electric Motor (Ultra-High-Speed Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Electric Motor (High-Speed Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Electric Motor (High-Speed Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Electric Motor (Medium Speed Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Electric Motor (Medium Speed Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Electric Motor (Low Speed Motors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Electric Motor (Low Speed Motors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Electric Motor Market: Breakup by Applications (in %), 2020
Figure 34: North America: Electric Motor (Industrial Machinery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Electric Motor (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Electric Motor (HVAC) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Electric Motor (HVAC) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Electric Motor (Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Electric Motor (Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: North America: Electric Motor (Household Appliances) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: North America: Electric Motor (Household Appliances) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Electric Motor (Motor Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Electric Motor (Motor Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Electric Motor (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: North America: Electric Motor (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: North America: Electric Motor Market: Breakup by Country (in %), 2020
Figure 47: United States: Electric Motor Market: Sales Value (in Million US$), 2015-2020
Figure 48: United States: Electric Motor Market: Breakup by Type (in %), 2020
Figure 49: United States: Electric Motor Market: Breakup by Voltage (in %), 2020
Figure 50: United States: Electric Motor Market: Breakup by Speed (in %), 2020
Figure 51: United States: Electric Motor Market: Breakup by Applications (in %), 2020
Figure 52: United States: Electric Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Canada: Electric Motor Market: Sales Value (in Million US$), 2015-2020
Figure 54: Canada: Electric Motor Market: Breakup by Type (in %), 2020
Figure 55: Canada: Electric Motor Market: Breakup by Voltage (in %), 2020
Figure 56: Canada: Electric Motor Market: Breakup by Speed (in %), 2020
Figure 57: Canada: Electric Motor Market: Breakup by Applications (in %), 2020
Figure 58: Canada: Electric Motor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: North America: Electric Motor Industry: SWOT Analysis
Figure 60: North America: Electric Motor Industry: Value Chain Analysis
Figure 61: North America: Electric Motor Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: North America: Electric Motor Market: Key Industry Highlights, 2020 and 2026
Table 2: North America: Electric Motor Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: North America: Electric Motor Market Forecast: Breakup by Voltage (in Million US$), 2021-2026
Table 4: North America: Electric Motor Market Forecast: Breakup by Speed (in Million US$), 2021-2026
Table 5: North America: Electric Motor Market Forecast: Breakup by Applications (in Million US$), 2021-2026
Table 6: North America: Electric Motor Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 7: North America: Electric Motor Market: Competitive Structure
Table 8: North America: Electric Motor Market: Key Players

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