Electric Motors Market for Household Appliances is Projected to Witness 5.32% CAGR by 2025 :

Market Research Future has published a Cooked Research Report on the Electric Motors Market for Household Appliances.

Scope of the Report

This study provides an overview of the Electric Motors Market for Household Appliances, tracking two market segments across five geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights market size, and share for North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Electric Motors Market for Household Appliances by type, voltage, output power, application, and region.

Key Players

The major players in the Electric Motors Market for Household Appliances are EBM-PAPST (Germany), Nichibo DC Motor (China), Elica S.p.A. (Italy), Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan), Johnson Electric Holdings Limited (Hong Kong), Keli Motor Group Co., Ltd. (China), Panasonic Corporation (Japan), CG Power and Industrial Solutions Limited (India), Nidec Motor Corporation (Japan), Newmotech Co., Ltd (South Korea), Dumore Motors (US), NMB (US), Cebi Group (Luxembourg), Sanhua Aweco (Germany), and Diehl Stiftung & Co. KG (Germany).

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Market Highlights

The Electric Motors Market for Household Appliances has been segmented by type as AC motors and DC motors. AC motors are driven by AC power supply, where pairs of alternating electromagnetic coils of the motor are energized by the AC power supply to induce rotary motion in the motor. AC motors are lighter in comparison to other types of motors available in the market, which leads to a high demand for AC motors in home appliances. This is primarily due to the fact that a lighter motor in the appliance will reduce the overall weight of the product.

DC motors have a number of advantages over other types of motors, including smooth & quiet operation and lesser heat dissipation. Such features drive the demand for DC motors for home appliances. Further, the development of brushless DC motors that have longer life in comparison to AC motors and is expected to drive the growth of the market. Electricity supply to most homes involves AC, and the electrical appliances are fitted with inverters to convert the supplied AC to DC to run the DC motors of the appliances.

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By voltage, the Electric Motors Market for Household Appliances is segmented into up to 50 V, 50 V–120 V, and above 120 V. Some of the major electric motors for household appliances included in the segment are electric fans, wash dryers, and range hoods. Electric motors in up to 50 V segment can operate as the primary driver in electric fans, while it can also support auxiliary functions in larger home appliances such as refrigerators and wash dryers. The 50 V – 120 V segment includes a wide range of motors based on their construction, including shaded pole motors and brushless motors. The segment is poised to witness high growth during the forecast period, primarily due to increasing applications of brushless motors in home appliances, due to their long life. The above 120 V segment is expected to witness substantial growth during the forecast period, primarily due to the increasing demand for home appliances in the developing countries such as China and India.

By output power, the global market has been segmented into up to 500 W and above 500 W. The segment up to 500 W includes home appliances that have an output power below 500 W. Some of the major electric motors for household appliances included in the segment are wash dryers, fan, and range hoods. The segment is poised to witness substantial growth during the forecast period, primarily due to increased demand for products with up to 500 W of output power in the emerging economies in Asia-Pacific and the Middle East & Africa. Above 500 W segment covers home appliances that have an output power of more than 500 W. Some of the major electric motors for household appliances included in the segment are ovens, refrigerators, vacuum cleaners, tumble dryers, and dishwashers.

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By application, the Electric Motors Market for Household Appliances has been segmented into refrigerator, ovens, washing machine, vacuum cleaner, electric fan, dishwasher, range hood, tumble dryer, wash dryer, and freezer. A refrigerator consists of a heat pump that transfers heat from inside of the refrigerator to its external environment so that the temperature inside the refrigerator remains low as well as it consists of a thermally insulated compartment. Ovens are thermally insulated chambers, primarily used for cooking. Electric motors are used in ovens to generate heat and circulate the heat in the ovens. Ovens can operate with both AC and DC motors and are selected based on the size and application of the oven. Electric motors in most vacuum cleaners typically draw 7 to 12 amperes (amps) of current from the electrical power source for household electrical outlet. To improve the operational capabilities, internal radial clearance is used to meet the needs of high speed and low vibration in vacuum cleaner.

Market Research Analysis

In terms of region, the global market for Electric Motors Market for Household Appliances is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominates the Electric Motors Market for Household Appliances. The development of residential sectors, increase in per capita GDP, and the increase in demand of household appliances are expected to drive the Electric Motors Market for Household Appliances in the region.   

According to IEA, China is the fastest-growing economy in space cooling energy consumption in the world. Additionally, the amount of energy consumed by household appliances in China is expected to reach 840 TWh by 2030 as compared to 477 TWh in 2018. The increase in electricity consumption by household appliances indicates the increased use of household appliances by the individuals in the country. Moreover, according to the China Household Electrical Appliances Association, the Chinese home appliance industry witnessed a growth of 9.9% in 2018 as compared to 2017. The increasing demand for household appliances in China is expected to increase the demand for electric motors, which are the essential components of household appliances. These factors together drive the growth of the Electric Motors Market for Household Appliances in China during the forecast period.

By Type

AC motors

DC motors

By Voltage

Up to 50 V

50 V – 120 V

Above 120 V

By Output Power

Up to 500 W

Above 500 W

By Application

Refrigerator

Ovens

Washing Machine

Vacuum Cleaner

Electric Fan

Dishwasher

Range Hood

Tumble Dryer

Wash Dryer

Freezer

By Regions

North America 

Europe

Asia-Pacific 

Middle East & Africa

South America

Read More @ https://www.marketwatch.com/press-release/electric-motors-market-segment-analysis-by-type-application-regions-johnson-electric-holdings-limited-hong-kong-nichibo-dc-motor-china-ebm-papst-germany-sunonwealth-electric-machine-industry-co-ltd-taiwan-2021-05-07

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