Electric Motors Market for Household Appliances Research Report - Global Forecast till 2027

Electric Motors Market for Household Appliances Research Report: Information by Type (AC Motors and DC Motors), by Voltage (Up to 50 V, 50 V – 120 V and Above 120 V), by Output Power (Up to 500 W and Above 500 W), by Application (Refrigerator, Ovens, Washing Machine, Vacuum Cleaner, Electric Fan, Dishwasher, Range Hood, Tumble Dryer, Wash Dryer and Freezer) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027.

ID: MRFR/E&P/6942-CR | October 2019 | Region: Global | 165 pages

Electric Motors Market Synopsis


Electric motors market is expected to expand at XX% CAGR during the forecast period


The report for the global electric motors market for household appliances of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


The factors driving the growth of the electric motors market for household appliances are increasing demand for HVAC in the residential sector and Increasing the affordability of household appliances. 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 the 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 of air. The motor drives the compressors to compress refrigerant and pumps water for chilled water and hot water applications.


However, the sale of electric motors is increasing year-on-year with the increase in demand for household appliances. The demand of household appliances is expected to lead to the growth of the appliances industry. Companies are focusing on the developments to offer improved appliances at low prices, which results in competitive pricing among the manufacturers of household appliances to gain an edge over their peers. For instance, in April 2019, Johnson Electric Holdings Limited (Hong Kong) introduced permanent magnet DC motors for hairdryers with the objective to launch a cost-effective solution of. Such developments are expected to reduce the prices of appliances.  Such developments are expected to increase the affordability of household appliances.


Prominent Players


The Prominent Players in the global electric motors market for household appliances are 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), Panasonic Corporation (Japan), Keli Motor Group Co., Ltd. (China), and Sanhua Aweco (Germany).


Segmentation: Global Electric Motors Market for Household Appliances
 Electric Motors Market for Household Appliances


Geographically, the global electric motors market for household appliances is segmented as Europe, North America, Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific is poised to hold a majority of the share of the market during the forecast period, owing to the development of residential sectors, increase in per capita GDP, and the increase in demand for household appliances. As per the National Bureau of Statistics of China, the Chinese government invested USD 1.21 billion in the development of 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% out of the total consumer appliances in 2017, and the refrigerator market projected to be valued at USD 5.34 billion by 2022. The increase in the demand for refrigerators is expected to increase the demand for electric motors which are an essential component of refrigerators in household appliances. Such factors are expected to drive the growth of the electric motors market for household appliances in Asia-Pacific during the forecast period.


The global electric motors market for household appliances is segmented based on type, voltage, output power, application, and region. By type, the global market is segmented into AC motors and DC motors. By voltage, the global market is segmented into up to 50 V, 50 V – 120 V, and above 120 V. On the basis of output power, the global market has been segmented into up to 500 W and above 500 W. On the basis of application, the global electric motors market for household appliances has been segmented into refrigerator, ovens, washing machine, vacuum cleaner, electric fan, dishwasher, range hood, tumble dryer, wash dryer, and freezer.


An electric motor can be defined as an electrical machine that has the ability to convert electrical energy into mechanical energy. Most electric motors operate through an interaction between electric current and the motor's magnetic field in the winding of a wire to create force in the form of rotation of a shaft. Electric motors create linear or rotary force (torque) intended to propel some external mechanism, such as a fan or an elevator. Electric motors for household appliances are primarily used in refrigerators, ovens, washing machines, vacuum cleaners, electric fans, dishwashers, and freezers. There are two types of electric motors for household appliances, namely the AC motors and DC motors.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Output Power, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), Panasonic Corporation (Japan), Keli Motor Group Co., Ltd. (China), and Sanhua Aweco (Germany)
  Key Market Opportunities   Increase in demand for household appliances
  Key Market Drivers

  • Increasing demand for HVAC in the residential sector
  • Increasing the affordability of household appliances


  • Frequently Asked Questions (FAQ) :


    The market is slated to grow in Europe, North America, Asia Pacific, South America and Middle East & Africa during the review period.

    Tumble Dryer, Dishwasher, Vacuum Cleaner, Wash Dryer and Freezer, Electric Fan, Ovens, Refrigerator, Range Hood, Washing Machine, are the applications of electric motors for household appliances.

    APAC is anticipated to hold the largest share in the global market.

    The types of electric motors in the market are AC and DC.

    The market can grow at a rate of 5.32% in the near future.

    The main players in the market are Newmotech Co., Ltd (South Korea), Nichibo DC Motor (China), Keli Motor Group Co., Ltd. (China), Johnson Electric Holdings Limited (Hong Kong), Diehl Stiftung & Co. KG (Germany), Elica S.p.A. (Italy), Nidec Motor Corporation (Japan), EBM-PAPST (Germany), Dumore Motors (US), Cebi Group (Luxembourg), CG Power and Industrial Solutions Limited (India), Panasonic Corporation (Japan), NMB (US), Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan), Sanhua Aweco (Germany), are the main players in the market.

    The market growth is being induced by the mounting demand for HVAC within the residential sector coupled with the rising affordability of household appliances.