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Universal Motor Market Overview:
The Universal Motor Market size is estimated to reach $ 400 million by 2030, growing at a CAGR of 5% during the forecast period 2023 to 2030.
The universal motor market is a segment of the electric motor industry that encompasses the production, distribution, and sale of universal motors. Universal motors are versatile electric motors that can operate on both AC (alternating current) and DC (direct current) power sources. They are widely used in a range of applications, including household appliances, power tools, vacuum cleaners, fans, and blowers.
The market for universal motors has been experiencing steady growth driven by factors such as urbanization, increasing disposable incomes, and the demand for consumer appliances. Key trends in the market include a focus on energy efficiency, the integration of smart technologies, the adoption of brushless universal motors, and miniaturization of motor designs. Additionally, the electrification of the automotive industry and the emphasis on sustainable manufacturing practices are shaping the market.
Market Snapshot:
Universal Motor Market - Report Coverage:
The “Universal Motor Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Universal Motor Market.
| Attribute | Segment |
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By Type |
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By Application |
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By End-user |
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By Geography |
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Universal Motor Market - Top Trends:
Energy Efficiency: Increasing emphasis on energy efficiency and environmental sustainability drives demand for more efficient universal motors.
Integration of Smart Technologies: The integration of smart technologies is revolutionizing the universal motor market, enabling remote monitoring, diagnostics, and optimized performance.
Brushless Universal Motors: Brushless universal motors are gaining popularity due to their higher efficiency, durability, and reduced maintenance requirements.
Miniaturization and Lightweight Design: Demand for compact and lightweight universal motors is growing, driven by the need for portable devices and space-constrained applications.
Electrification of Automotive Industry: The shift towards electric vehicles and hybrid vehicles presents opportunities for universal motor manufacturers in EV components.
The Universal Motor Market - Company Analysis:
ABB Group: ABB offers a range of universal motors for various applications. Their product portfolio includes motors designed for household appliances such as washing machines, refrigerators, and air conditioners. ABB's motors are known for their high efficiency, compact size, and reliable performance. They incorporate advanced technologies and design features to optimize energy consumption and meet industry standards.
Ametek Inc: Ametek produces universal motors under its Motor Solutions division. Their product range includes motors for applications such as vacuum cleaners, power tools, and food processors. Ametek's motors are known for their robust construction, high power output, and versatility. They emphasize customization to meet specific customer requirements and offer motor solutions tailored to different applications.
Nidec Corporation: Nidec offers a diverse range of universal motors for various industries. Their product lineup includes motors for household appliances, power tools, pumps, and industrial equipment. Nidec's motors are characterized by their high efficiency, compact design, and reliable performance. They focus on delivering motors that meet energy efficiency standards and provide optimal power output.
WEG Electric Corp: WEG Electric Corp. manufactures universal motors for a wide range of applications, including household appliances, power tools, and industrial machinery. Their motors are designed for efficiency, reliability, and ease of use. WEG Electric Corp. emphasizes technological innovation and customization to meet specific customer needs, ensuring their motors deliver optimal performance and durability.
Siemens AG: Siemens offers a comprehensive range of universal motors for diverse applications. Their product portfolio includes motors for household appliances, automotive components, power tools, and industrial machinery. Siemens motors are known for their high performance, energy efficiency, and advanced control capabilities. They focus on integrating smart technologies to enable connectivity and remote monitoring for enhanced motor performance.
Toshiba Corporation: Toshiba manufactures universal motors for various applications, including household appliances, power tools, and consumer electronics. Their motors are designed to be compact, lightweight, and energy-efficient. Toshiba emphasizes product quality, reliability, and durability in their motor offerings, providing efficient solutions for different industries.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Universal Motor Market Report. The top 10 companies in this industry are listed below:
1. ABB
2. Fractionhorsepowermotors
3. Chiaphua Component
4. Dart Controls, Inc
5. Groschopp
6. Johnson Electric
7. Nidec
8. Domel
9. Kienle+Spiess
10. Kenworth Products
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023 – 2030 |
CAGR | 5% |
Market Size in 2030 | $ 400 million |
Segments Covered | By Type, By Application, By End user, By Geography |
Geographies Covered |
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Key Market Players |
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1. Universal Motor Market - Overview
1.1. Definitions and Scope
2. Smart Toys Market - Executive Summary
3. Universal Motor Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Universal Motor Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Universal Motor Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Universal Motor Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Universal Motor Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Universal Motor Market – By Type (Market Size – $Million/$Billion)
8.1. Self - Excited Series,
8.1.1. Market Trends by Region
8.1.2. Market Share & Forecast by Region
8.2. Compensated Type Motor
8.2.1. Market Trends by Region
8.2.2. Market Share & Forecast by Region
8.3. Non-Compensated Type Motor
8.3.1. Market Share & Forecast by Region
8.3.2. Market Share & Forecast by Region
9. Universal Motor Market – By Application (Market Size – $Million/$Billion)
9.1 Blowers
9.1.1. Market Trends by Region
9.1.2. Market Share & Forecast by Region
9.2. Hair Dryers
9.2.1. Market Trends by Region
9.2.2. Market Share & Forecast by Region
9.3. Table Fans
9.3.1. Market Trends by Region
9.3.2. Market Share & Forecast by Region
9.4. Vacuum Cleaners
9.4.1. Market Trends by Region
9.4.2. Market Share & Forecast by Region
9.5. Sewing Machines
9.5.1. Market Trends by Region
9.5.2. Market Share & Forecast by Region
9.6. Kitchen Appliances
9.6.1. Market Trends by Region
9.6.2. Market Share & Forecast by Region
9.7. Others
10. Universal Motor Market – By End-User (Market Size – $Million/$Billion)
10.1. Residential
10.1.1. Market Trends by Region
10.1.2. Market Share & Forecast by Region
10.2. Commercial
10.2.1. Market Trends by Region
10.2.2. Market Share & Forecast by Region
10.3. Industrial
10.3.1. Market Trends by Region
10.3.2. Market Share & Forecast by Region
11. Universal Motor Market – by Geography (Market Size – $Million/$Billion)
11.1 North America
11.1.1. The U.S.
11.1.2. Canada
11.2. Europe
11.2.1. UK
11.2.2. Germany
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. Rest of the World
11.5.1. Middle East
11.5.2. Africa
12. Universal Motor Market – Entropy
13. Universal Motor Market – Industry/Segment Competition Landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. Universal Motor Market – Key Company List by Country Premium Premium
15. Universal Motor Market - Company Analysis
15.1. ABB
15.2. Fractionhorsepowermotors
15.3. Chiaphua Component
15.4. Dart Controls, Inc
15.5. Groschopp
15.6. Johnson Electric
15.7. Nidec
15.8. Domel
15.9. Regal Beloit Corporation
15.10. Kienle+Spiess
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The Universal Motor Market is projected to grow at 5% CAGR during the forecast period 2023-2030.
Universal Motor Market size is projected to reach $ 400 million by 2030
ABB, Fractionhorsepowermotors, Chiaphua Component, Dart Controls, Inc, Groschopp, Johnson Electric, Nidec, Domel, Kienle+Spiess, Kenworth Products