Market Research Future published a Cooked Research Report on the global electric motor for household appliances market that contains information from 2021 to 2027.
The global electric motor for household appliances market is expected to progress with an ~4.88% CAGR from 2021 to 2027.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 119 numbers of pages of the project report. Avail of the in-depth table of content & market synopsis on the"Global Micro Combined Heat And Power Market Information from 2021 to 2027."
Electric motors for household appliances are primarily used in refrigerators, ovens, washing machines, vacuum cleaners, electric fans, dishwashers, and freezers. In the study, three types of electric motors for household appliances have been considered, namely, the AC motors and DC motors.
HVAC systems in residences improve health and comfort. The increasing demand for HVAC systems in household appliances is expected to increase the demand for electric motors in HVAC systems in the residential sector. According to Japan Refrigeration and Air Conditioning Association Report 2019, the demand for room air conditioners increased from 86.24 million units in 2016 to 96.07 million units in 2018. The electric motor is the primary component in the HVAC system, wherein it is used to power the blower for the transfer the air. The motor drives the compressors to compress the refrigerant and pumps water for chilled water and hot water applications. Moreover, brushless DC motors have integrated drives and controls and are commonly used in HVAC applications.
The global electric motor for household appliances market is estimated to register ~4.88% CAGR during the period from 2021 to 2027: MRFR
The market for electric motors for household appliancesis segmented on the basis of type, voltage, output power, application, and region.
By type, the global market has been segmented as up to AC motors and DC motors. The AC motors segment is expected to hold the largest share during the forecast period. AC motors are driven by an 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 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. Furthermore, the weight of an appliance influences the buying decision of the end users. AC motors are being used in many household appliances, including refrigerators, fans, and washing machines.
By voltage, the global market has been segmented as up to 50 V, 50 V – 120 V, and above 120 V. The up to 50 V segment is expected to hold the largest market share during the forecast period. The segment covers home appliances motor that operates on electric motors with a rating of up to 50 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 the up to 50 V segment can operate as the primary driver in electric fans, while they can also support auxiliary functions in larger home appliances such as refrigerators and wash dryers.
By output power, the global market has been segmented intoup to 500 W and above 500 W. The up to 500 Wsegment is expected to hold the largest share during the forecast period. The segment 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, fans, and range hoods. The segment is expected 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.
By application, the global market has been segmented into refrigerator, oven, washing machine, vacuum cleaner, electric fan, dishwasher, range hood, tumble dryer, wash dryer, and freezer. The refrigeratorsegment is anticipated to hold the largest market share during the forecast period. A refrigerator consists of a thermally insulated compartment and a heat pump that transfers heat from the inside of the refrigerator to its external environment so that the temperature inside the refrigerator remains low.
By region, the market is segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America. Asia-Pacific dominates the electric motor for the household appliances market. Asia-Pacific is one of the prominent regions in the world, where the development of residential sectors, increase in per capita GDP, and the increase in demand for household appliances is expected to drive the growth of electric motors for household appliances in the region. According to the National Bureau of Statistics of China, the Chinese government invested USD 1.21 billion to develop residential buildings. The rapid development of the residential sector is expected to increase the demand for energy in household appliances in China. As electric motors are essential components of household appliances, such developments will increase the demand for electric motors in China. Moreover, as per the report published by India Brand Equity Foundation in January 2019, the refrigerators market holds approximately 27% of the total consumer appliances.
The important players operating in the global electric motor for household appliances marketare Johnson Electric Holdings Limited (Hong Kong), Ebm-papst (Germany), Nichibo DC Motor (China), Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan), Nidec Motor Corporation (Japan), CEBI Group (Luxemburg), Elica S.p.A. (Italy), Newmotech Co., Ltd (South Korea), Diehl Stiftung & Co. KG (Germany), Dumore Motors (US), CG Power and Industrial Solutions Limited (India), NMB is a MinebeaMitsumi (US), Panasonic Corporation (Japan), Keli Motor Group Co., Ltd. (China), and SanhuaAweco (Germany).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global electric motor for household appliances market, including high-growth regions and/or countries and political and economic environments. The project report further provides both historical market values and pricing & cost analysis.