Asia Pacific (APAC) Electric Motor Market (2020-2026) | Share, Analysis, Size, Revenue, Forecast, Trends, Growth, Industry, Outlook & Segmentation

Latest (2023) Developments in the Asia Pacific (APAC) Electric Motor Market (2020-2026)

• Growing adoption of electric vehicles in APAC: The growing trend of adopting electric vehicles across the region is boosting the growth of the APAC electric motor market. Governments are introducing various subsidies, tax reductions and other incentives to promote electric vehicle sales which are driving their demand and thereby increasing the production of electric motors. 
• Increasing investment by major players: Major companies such as ABB, Siemens, Hitachi Ltd., Johnson Electric, Bosch Rexroth AG and Nidec Corporation have increased their investments in developing more efficient and cost-effective solutions for both stationary and mobile applications that include power equipment systems as well as automotive drivetrain systems. This has enabled them to increase their foothold in this market over time. 
• Development of advanced technologies: Companies are investing heavily in research & development activities for creating innovative solutions for meeting customer requirements related to high-performance motors with advanced features such as reduced noise levels, improved efficiency ratings etc . This will further accelerate the growth prospects of this market going forward.. 
• Increasing focus on regional expansion: To expand their presence within APAC countries several international giants like Regal Beloit Corporation (U S), TECO Electric & Machinery Co., Ltd (Taiwan), WEG SA (Brazil) have established local manufacturing units across different Asian countries including China India Japan South Korea Indonesia Malaysia Singapore Thailand Australia among others This has been done with an aim to capture a larger share from these markets

Asia Pacific (APAC) Electric Motor Market Synopsis

Asia Pacific (APAC) Electric Motor Market had witnessed substantial growth in the automotive industry over the past few years due to improving the economy and increasing investments. The major factors driving the growth of the electric motor market in the Asia Pacific are rising industrialization, growing infrastructure, and growing awareness about energy conservation. Additionally, increasing the adoption of electric vehicles and growing government support and initiatives would further propel the demand for the electric motor market in the Asia Pacific.

According to 6wresearch, the Asia Pacific (APAC) Electric Motor Market size is expected to grow during 2020-2026. In terms of power output, the integral horsepower segment is anticipated to dominate the electric motor market revenue share in the Asia Pacific owing to rising demand for electric motors in commercial and household appliances. Moreover, the market in the Asia Pacific is anticipated to witness negative growth in the economy during the first quarter of 2020 owing to the coronavirus pandemic which has a worse impact on the worldwide business. However, the market in the Asia Pacific is expected to recover with healthy growth in the economy during the second half of 2020-2026.

Based on the region, India and China are leading the electric motor market revenue share in Asia Pacific due to the high sales of electric motors in the region. China is looking forward to expanding manufacturing and commercial centers followed by other countries in the region. Furthermore, in terms of types, the AC motor segment is holding a major revenue share in the electric motor market revenue share in the Asia Pacific and the DC motor segment is expected to hold the electric motor market revenue share in the Asia Pacific during the forecast period due to enhancing application in the electric vehicles and growing transportation sector.  

The Asia Pacific electric motors market report thoroughly covers the Asia Pacific electric motors market by types, voltage, power capacity, application, end-user and key countries including India, China, Japan, Indonesia, Malaysia, Australia, Thailand, Rest of APAC. The Asia Pacific electric motors market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific electric motors market trends, opportunities/high growth areas, market drivers, and Asia Pacific electric motors market share by companies, which would help stakeholders to device and align market strategies according to the current and future market dynamics.

Key Highlights of The Reports

• Asia Pacific Electric Motor Market Overview
• Asia Pacific Electric Motor Market Outlook
• Asia Pacific Electric Motor Market Forecast
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, until 2026.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by Type, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Type, until 2026.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by power output, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by power Output, until 2026.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by Voltage, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Voltage, until 2026.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by end-user, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by end-user, until 2026.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by application, for the Period 2016-2019.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Application, until 2026.
• Historical Data of India Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of India Electric Motor Market Revenues and Volumes until 2026.
• Historical Data of China Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of China Electric Motor Market Revenues and Volumes until 2026.
• Historical Data of Japan Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Japan Electric Motor Market Revenues and Volumes until 2026.
• Historical Data of Indonesia Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Indonesia Electric Motor Market Revenues and Volumes until 2026
• Historical Data of Malaysia Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Malaysia Electric Motor Market Revenues and Volumes until 2026
• Historical Data of Australia Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Australia Electric Motor Market Revenues and Volumes until 2026
• Historical Data of Thailand Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of Thailand Electric Motor Market Revenues and Volumes until 2026
• Historical Data of the rest of Asia Pacific Electric Motor Market Revenues and Volumes for the Period 2016-2019.
• Market Size & Forecast of the rest of Asia Pacific Electric Motor Market Revenues and Volumes until 2026.
• Market Drivers and Restraints
• Asia Pacific Electric Motor Market Price Trends
• Asia Pacific Electric Motor Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Electric Motor Market Share, By Players
• Asia Pacific Electric Motor Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific Electric Motor Market report provides a detailed analysis of the following market segments:

By Types:

• AC Electric Motor
• DC Electric Motor

By Power Output:

• Integral Horsepower
• Fractional Horsepower

By Voltage:

• Low Voltage
• Medium Voltage
• High Voltage

By Applications:

• Pumps
• Fans
• Compressors
• Conveyors
• Others (Centrifuges, Extruders and Winches)

By End-User:

• Industrial Machinery
• HVAC Equipment
• Automobile
• Consumer Appliances
• Aerospace & Transportation
• Power generation
• Other Commercial Applications (Agriculture and Mining)

By Countries:

• India
• China
• Japan
• Indonesia
• Malaysia
• Australia
• Thailand
• Rest of APAC

Frequently Asked Questions About the Market Study (FAQs):