Air Pollution Rampant in Asia-Pacific; Regional Electric Motor Market to Benefit
Electric motor is a simple device that converts electrical energy into rotational energy, thus resulting in energy efficiency. A recent study by P&S Intelligence valued the electric motor market in 2017 at $50,948.1 million.
Electric motor is a simple device that converts electrical energy into rotational energy, thus resulting in energy efficiency. A recent study by P&S Intelligence valued the electric motor market in 2017 at $50,948.1 million.
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Global APAC electric mo<strong>to</strong>r market<br />
Alarm<strong>in</strong>g air pollution levels and the result<strong>in</strong>g government impetus <strong>to</strong>ward curb<strong>in</strong>g emissions are driv<strong>in</strong>g the growth of the <strong>Asia</strong>-<br />
<strong>Pacific</strong> electric mo<strong>to</strong>r market . <strong>Electric</strong> mo<strong>to</strong>r is a simple device that converts electrical energy <strong>in</strong><strong>to</strong> rotational energy,<br />
thus result<strong>in</strong>g <strong>in</strong> energy efficiency. A recent study by P&S Intelligence valued the electric mo<strong>to</strong>r market <strong>in</strong> 2017 at $50,948.1<br />
million. It is be<strong>in</strong>g expected that the sec<strong>to</strong>r will steadily advance dur<strong>in</strong>g the forecast period 2018–2023 with a CAGR of 6.9%.<br />
Of the three types of mo<strong>to</strong>rs available <strong>in</strong> the APAC electric mo<strong>to</strong>r market — AC, DC, and hermetic — the AC variant<br />
generated the highest revenue dur<strong>in</strong>g the his<strong>to</strong>rical period 2013–2017. Go<strong>in</strong>g by the output power, electric mo<strong>to</strong>rs can be<br />
categorized <strong>in</strong><strong>to</strong> two types: fractional horsepower (FHP) and <strong>in</strong>tegrated horsepower (IHP).<br />
The former type offers an output power of under 746.9 watts (1 hp), and the latter more than that. As FHP mo<strong>to</strong>rs are used more<br />
<strong>in</strong> low-power devices as compared <strong>to</strong> IHP variants, these held the larger revenue share <strong>in</strong> the market.<br />
In terms of sales volume, the demand for electric mo<strong>to</strong>rs was the highest for mo<strong>to</strong>r vehicles, as compared <strong>to</strong> <strong>in</strong>dustrial mach<strong>in</strong>ery,<br />
transportation and aerospace, HVAC equipment, and household application. Different components of an au<strong>to</strong>mobile, such as<br />
blowers, w<strong>in</strong>dows, fuel pumps, and throttles, utilize electric mo<strong>to</strong>rs.<br />
In electric vehicles, electric mo<strong>to</strong>rs replace the fossil fuel-based <strong>in</strong>ternal combustion eng<strong>in</strong>e <strong>to</strong> provide propulsion. With grow<strong>in</strong>g<br />
concerns about air pollution, governments across the region are encourag<strong>in</strong>g the adoption of electric vehicles, which is predicted<br />
<strong>to</strong> the drive the APAC electric mo<strong>to</strong>r market <strong>in</strong> the forecast period.<br />
Thus, it is clear that an <strong>in</strong>crease <strong>in</strong> demand for energy-efficient electric mo<strong>to</strong>rs for construction, au<strong>to</strong>motive, and <strong>in</strong>dustrial sec<strong>to</strong>rs<br />
will further lead <strong>to</strong> the market growth <strong>in</strong> the APAC region.<br />
APAC <strong>Electric</strong> <strong>Mo<strong>to</strong>r</strong> <strong>Market</strong> Segmentation<br />
<strong>Market</strong> Segmentation by <strong>Mo<strong>to</strong>r</strong> Type<br />
• AC <strong>Mo<strong>to</strong>r</strong><br />
o Synchronous <strong>Mo<strong>to</strong>r</strong><br />
o Induction <strong>Mo<strong>to</strong>r</strong><br />
• DC <strong>Mo<strong>to</strong>r</strong><br />
o Brushless DC (BLDC) <strong>Mo<strong>to</strong>r</strong><br />
o Brushed DC <strong>Mo<strong>to</strong>r</strong><br />
• Hermetic <strong>Mo<strong>to</strong>r</strong><br />
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