UK Electric Motor Market (2024-2030) | Revenue, Size, Growth, Analysis, Share, Trends, Value, Industry, Outlook, Forecast & Companies

Topics Covered in the UK Electric Motor Market

UK Electric Motor Market report thoroughly covers the market by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

UK Electric Motor Market Synopsis

UK Electric Motor Market is on the rise and expected to grow further in the coming years. The increasing demand for electric vehicles, coupled with government initiatives to reduce carbon emissions, is driving the UK Electric Motor Market Growth.

According to 6Wresearch, the UK Electric Motor Market size is witnessing growth with an expected CAGR of 9.3% during the forecast period of 2024-2030. The growth can be attributed to the increasing adoption of electric vehicles (EVs) in the country and the government's efforts to promote renewable energy use. However, one of the biggest challenges faced by the electric motor market in Peru is the high cost of technology. Electric vehicles and their components, including electric motors, are still more expensive than traditional vehicles. This creates a barrier to entry for some consumers who may not be able to afford EVs or hybrids. Additionally, there is a lack of charging infrastructure in Peru which hinders the spread of EVs. To make EVs more accessible, government policies and incentives need to be put in place to encourage the adoption of EVs and the necessary infrastructure. Nevertheless, the use of rare earth metals in motor production is one of the major trends prevailing in the market. These metals are essential in producing high-performance permanent magnet motors for EVs. Another trend in the market is the development of high-efficiency motors. These motors are designed to consume less energy while delivering high performance and output. As countries adopt greener policies and industries shift towards sustainability, these motors will become more attractive to consumers and businesses alike.

Government policies and schemes introduced in the UK Electric Motor Market

The UK electric motor industry has been growing steadily due to the government's commitment to reducing carbon emissions and promoting clean transport. The UK government has implemented several policies and schemes to accelerate the adoption of electric vehicles (EVs) and to support the development of the electric motor market. The UK government has introduced numerous policies and schemes to support the growth of the electric motor market. One of the most significant schemes is the Plug-in Grant, which provides financial incentives to buyers of eligible EVs and electric motorcycles. The government has also invested heavily in the installation of public EV charging points to make it easier for EV drivers to recharge their vehicles. The future of the UK electric motor market looks promising, with significant growth expected in the coming years. As the demand for EVs continues to increase, the demand for electric motors will also surge. In addition, the government's commitment to reducing carbon emissions and promoting clean transport is expected to drive further growth in the market.

Leading players in the UK Electric Motor Market

The UK Electric Motor Market is highly competitive, with several key players operating in the market. One of the leading players is ABB, a Swiss-based company that provides a wide range of electric motors and drives for various applications. Another major player is Siemens, a German-based company that offers electric motors for industries such as aerospace, automotive, and marine. Other notable players include Brook Crompton, Lafert, and Regal Beloit.

Market Analysis by Motor Type

By Motor Type, AC motors are preferred for high-precision industrial applications due to their noiseless operations, high durability, and low maintenance requirements. DC motors are commonly used in household appliances, automobiles, and medical devices due to their ease of control. Hermetic motors are sealed and used in applications where the motor is in direct contact with hazardous materials.

Market Analysis by Application

In terms of Application, the industrial machinery segment dominates the UK Electric Motor Market Share due to its widespread use in various industries such as oil & gas, mining, food & beverage, and pulp & paper.

Market Analysis by Voltage Range

According to Swati, Senior Research Analyst, 6Wresearch, the 60 V & above segment is projected to grow due to the increasing demand for electric vehicles by consumers worldwide. The application of motors is no longer limited to industrial uses but extends to household appliances and automobiles as well.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• UK Electric Motor Market Outlook
• Market Size of UK Electric Motor Market, 2023
• Forecast of UK Electric Motor Market, 2030
• Historical Data and Forecast of UK Electric Motor Revenues & Volume for the Period 2020 - 2030
• UK Electric Motor Market Trend Evolution
• UK Electric Motor Market Drivers and Challenges
• UK Electric Motor Price Trends
• UK Electric Motor Porter's Five Forces
• UK Electric Motor Industry Life Cycle
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of UK Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• UK Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• UK Electric Motor Top Companies Market Share
• UK Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• UK Electric Motor Company Profiles
• UK Electric Motor Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating
• And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed (RPM)

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)

UK Electric Motor Market (2024-2030): FAQs