Electric Motor for Household Appliances Market Research Report Information By Type (AC motors, DC motors), By Voltage (Up to 50V, 50V-120V, Above 120 V), By Power output (Up to 500W, Above 500W), By Application (Refrigerator, Oven, Washing Machine, Vacuum Cleaner, Electric Fan, Range hood, Tumble Dryer, Wash Dryer, Freezer) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

Global Electric Motor for Household Appliances Market Overview:

Electric Motor for Household Appliances Market Size was valued at USD 7.13 billion in 2023. The Electric Motor for Household Appliances market industry is projected to grow from USD 7.47937 Billion in 2024 to USD 10.46 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.28% during the forecast period (2024 - 2032). Increaseddemand for HVAC in the residential sector, affordability of household appliances, demand for electric vehicles, and the growing focus on achieving renewable energy targetsare the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Motor for Household Appliances Market Trends

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  Increasing affordability of household appliancesis driving the market growth

  
  

The increasing use of household appliances has raised the demand for efficient electric motors, which are used in household appliances such as refrigerators, washing machines, vacuum cleaners, microwave ovens, electric fans, computers, tape players, mixers, dryers, trimmers, electronic clocks, and air conditioning systems. Although the electric motor in household appliances is not the most expensive component, it is the most critical component for the functioning of all household appliances. Electric motors provide better efficiency, involve automated controls, and ensure enhanced comfort and safety in the use of household appliances. Using electric motors helps meet the changing needs with the improving standard of living. According to India Consumer Electronics & Home Appliances, the demand for electronics & home appliances is expected to increase with a CAGR of approximately 9% from USD 31.4 billion in 2017 to USD 48.3 billion in 2022. Such growth shows tremendous purchasing power in developing nations like India, Brazil, and Vietnam. Therefore, the increasing affordability of household appliances is expected to drive the growth of the electric motor for household appliances market CAGR during the forecast period.

Additionally, with increased purchasing power, individuals prefer smart home appliances. The increased demand for smart home appliances has led to intense competition among manufacturers to offer highly advanced and high-performance household appliances. For instance, in June 2019, Johnson Electric (Hong Kong) introduced new BLDC motors having advanced ERP ratings with full compliance with regulatory norms for ventilation applications, offering more flexibility to the end product designs. Advanced household appliances reduce human effort and provide superior home care. Moreover, such appliances account help reduce the electricity bills of customers. The advanced HVAC systems result in approximately 20%-30% of reduction in electricity consumption.

Moreover, IoT (Internet of Things) enabled household appliances are expected to transform their use and implications. For instance, a loT-based home automation system will enable the end users to control and use the home appliances, such as fans, lights, and HVAC systems, through sensors, software, internet, and control devices. Thus, advanced and high-performance appliances are expected to increase the demand for electric motors.Thus, driving the Electric Motor for Household Appliances market revenue.

Electric Motor for Household Appliances Market Segment Insights:

Electric Motor for Household Appliances Type Insights

The Electric Motor for Household Appliances market segmentation, based on type, includes AC motors and DC motors. During the forecast period, the AC motors segment is anticipated to exhibit the highest compound annual growth rate (CAGR) and dominate the market share. AC motors operate by utilizing an AC power supply, which energizes pairs of alternating electromagnetic coils in the motor to generate rotational movement. Compared to other motor types, the lightweight nature of AC motors makes them highly sought after in the home appliances sector. As a result, the demand for AC motors in this industry remains significant.

Electric Motor for Household Appliances Voltage Insights

Based on voltage, the Electric Motor for Household Appliances market segmentation includes Up to 50V, 50V-120V, and Above 120 V. The up to 50 V segment is expected to witness the highest compound annual growth rate (CAGR) and dominate the electric motor for household appliances industry market share. This segment encompasses electric motors used in various household appliances such as fans, wash dryers, and range hoods. Electric motors with a voltage rating of up to 50 V are commonly employed as the primary driving force in electric fans and also serve as auxiliary components in larger appliances like refrigerators and wash dryers. Notable companies in the market that offer electric motors for household appliances in this voltage range include NMB (US), Panasonic Corporation (Japan), and SanhuaAweco (Germany).

Electric Motor for Household Power Output Insights

Based on power output, the Electric Motor for Household Appliances market segmentation includes Up to 500W and above 500W. The Up-to-500W segment is projected to experience the highest compound annual growth rate (CAGR) and hold a significant market share in the electric motor for household appliances industry. This segment is anticipated to witness considerable growth, driven by the rising demand for products with an output power of up to 500W in emerging economies across Asia-Pacific and the Middle East & Africa regions. The increased adoption of these appliances in these regions, coupled with the growing disposable income and changing consumer lifestyles, contributes to the market dominance of the up-to-500W segment.

Figure1: Electric Motor for Household Appliances Market, by Power Output, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Electric Motor for Household Application Insights

The Electric Motor for Household Appliances market segmentation, based application includes refrigerators, ovens, washing machines, vacuum cleaners, electric fans, range hoods, tumble dryers, wash dryers, and freezers. In refrigerators, brushless DC motors (BLDC) that are more reliable, efficient, and less noisy than other motors are used. BLDC motors produce less heat compared to induction motors, by which less amount of electrical energy is lost. This enhances the efficiency of the motor. Such motors are powerful with higher speed ranges and higher dynamic responses, such as suitable for high-speed applications of 10,000 and above rpm, and provide excellent speed controlling features.

Electric Motor for Household Appliances Regional Insights

By Region, the study providesmarket insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Electric Motor for Household Appliances market area will dominate this market, owing to the growing need for electric vehicles and the growing focus on achieving renewable energy targets, which will boost the market growth in this RegionRegion.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Electric Motor For Household Appliances Market Share By Region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe's Electric Motor for Household Appliances market accounts for the second-largest market share due to thegrowing focus on deploying electric motors for agricultural and industrial activities, which will favor the market's demand in the Region. Further, the German Electric Motor for Household Appliances market witnessed the largest market share, and the UK Electric Motor for Household Appliances market was the fastest growing market in the European Region.

The Asia-Pacific Electric Motor for Household Appliances Marketis expected to grow fastest from 2023 to 2032. This is due tothe increasing industrial, automotive, and power demand. Moreover, China’s Electric Motor for Household Appliances market witnessed the largest market share, and the Indian Electric Motor for Household Appliances market was the fastest growing market in the Asia-Pacific region.

Electric Motor for Household Appliances Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the electric motor for household appliances market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Electric Motor for Household Appliances industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Electric Motor for Household Appliances industry to benefit clients and increase the market sector. In recent years, the Electric Motor for Household Appliances industry has offered some of the most significant advantages to medicine. Major players in the Electric Motor for Household Appliances market, includingJohnson 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 (Luxembourg), 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 (US)., and others, are attempting to increase market demand by investing in research and development operations.

Mabuchi Motor Company is a Japanese manufacturing company based in Matsudo, Chiba Prefecture, Japan. It is the world's largest manufacturer by volume of small electric motors, producing over 1.4 billion motors annually.Mabuchi Motors announced to completion of the 100% acquisition of Electromag SA for total capital of about CHF 0.1 million or USD 0.11 million. The purchase aims at enhancing Mabuchi's portfolio with new brushless motors used across healthcare facilities such as ventilators and dental care.

Siemens is a German multinational conglomerate corporation and Europe's largest industrial manufacturing company. It is headquartered in Munich and has several foreign branch offices.Siemens announced that the variants under its Simotics SD motor series will now be designed to offer Super Premium Efficiency (IE4) category output to comply with the European ErP Directive 2019/1781. The company also stated that its electric motors, with a power rating from around 3 HP to over 1,300 HP, along with different pole designs, will be delivered in the IE4 spectrum.

Key Companies In The Electric Motor For Household Appliances Market Include

• 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 (Luxembourg)


• 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 (US)


• Brunswick Corporation

Electric Motor for Household Appliances Industry Developments

April 2021: Turbo Power Systems inked a new partnership agreement with StatconEnergia (SE), an India- based power electronics manufacturing organization. The collaboration is projected to expand the two companies expertise in developing, producing, and marketing power electronics products for the energy, rail, and defense markets.

March 2021: Siemens announced that the variants under its Simotics SD motor series will now be designed to offer Super Premium Efficiency (IE4) category output to comply with the European ErP Directive 2019/1781. The company also stated that its electric motors, with a power rating from around 3 HP to over 1,300 HP, along with different pole designs, will be delivered in the IE4 spectrum.

Electric Motor for Household Appliances Market Segmentation

Electric Motor for Household Appliances Type Outlook

• AC motors


• DC motors

Electric Motor for Household Appliances VoltageOutlook

• Up to 50V


• 50V-120V


• Above 120 V

Electric Motor for Household Appliances Power Output Outlook

• Up to 500W


• Above 500W

Electric Motor for Household Appliances Application Output Outlook

• Refrigerator


• Oven


• Washing Machine


• Vacuum cleaner


• Electric Fan


• Range hood


• Tumble dryer


• Wash dryer


• freezer

Electric Motor for Household Appliances Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America