Consumer Electronics Electric Motor Market Size Projected to Garner USD 21.3 Billion by 2032 growing at 5.5%CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

The Global Consumer Electronics Electric Motor Market Size is predicted to reach USD 21.3Billion by 2032 from USD 12.6Billion in 2022, at a CAGR of 5.5% between 2023 and 2032, as per the Acumen Research and Consulting

The consumer electronics electric motor has seen a significant increase in use across various industries in recent years, primarily due to advancements in technology and a growing emphasis on efficiency and sustainability. These motors, originally developed for applications like household appliances and automotive systems, are now finding their way into industrial settings for their reliability, energy efficiency, and precise control capabilities.

One key factor driving this trend is the push for greener and more sustainable manufacturing practices. Electric motors offer a more environmentally friendly alternative to traditional combustion engines or pneumatic systems commonly used in industrial machinery. By utilizing electric motors, industries can reduce their carbon footprint and comply with stricter regulations on emissions and energy consumption. Additionally, electric motors often require less maintenance and have longer lifespans compared to their conventional counterparts, resulting in lower operational costs over time. Furthermore, advancements in motor control technology, such as variable frequency drives (VFDs) and sophisticated feedback systems, have made electric motors highly adaptable to various industrial processes. These motors can now deliver precise speed and torque control, making them suitable for applications requiring high levels of accuracy and repeatability, such as robotics, conveyor systems, and machining tools.

Consumer Electronics Electric Motor Market Trend

Consumer Electronics Electric Motor Market Statistics

Global consumer electronics electric Motor Market valuewas worth USD 12.6Billionin 2022, with a 5.5%CAGR from 2023 to 2032

  • Asia-Pacific consumer electronics electric Motor Market share occupied around 36% in 2022
  • Europe region is expected to expand at the highest CAGR between 2023 and 2032
  • By motor type, the DC motorssegment captured the largest market share in 2022
  • Advancements in electric motor technology, such as brushless DC motors, propel the consumer electronics electric Motor Market revenue

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Consumer Electronics Electric Motor Market Trends

The consumer electronics electric motor market has been experiencing significant growth in recent years, driven by several key factors. One of the primary drivers is the increasing demand for electric vehicles (EVs) and hybrid vehicles, which rely heavily on electric motors for propulsion. As governments worldwide implement stricter emissions regulations and consumers become more environmentally conscious, the automotive industry is rapidly transitioning towards electrification, creating a substantial market for electric motors.

Furthermore, the proliferation of smart home devices and appliances has spurred demand for energy-efficient motors in consumer electronics. From refrigerators and washing machines to air conditioners and vacuum cleaners, manufacturers are incorporating electric motors to enhance the performance and energy efficiency of their products. Additionally, the rise of automation and robotics across industries such as manufacturing, healthcare, and logistics has led to greater adoption of electric motors to drive machinery and equipment, further propelling market growth.

Moreover, advancements in electric motor technology, including improvements in motor efficiency, power density, and control systems, have expanded the potential applications and attractiveness of electric motors in the consumer electronics sector. As a result, the market for consumer electronics electric motors is projected to continue its upward trajectory in the foreseeable future, driven by the increasing adoption of electric vehicles, the proliferation of smart devices, and the ongoing industrial automation trend.

Consumer Electronics Electric Motor Market Segmentation

Acumen Research and Consulting has segmented the global consumer electronics electric Motor Market by motor type, application, and region.

  • By motor type, the industry is categorized into AC motors, DC motors, universal motors, and induction motors. 
  • By application, the market is classified into home appliances, entertainment devices, personal care products, HVAC systems, and smartphones.
  • By region, the market is dividedinto Asia-Pacific, North America, Europe, Latin America, and the MEA.

Consumer Electronics Electric Motor Market Regional Overview

According to the consumer electronics electric motor industry analysis, Europe is emerging as a growing region in the consumer electronics electric motor market, fueled by several factors. Firstly, stringent environmental regulations and sustainability initiatives in countries across Europe have propelled the demand for energy-efficient and eco-friendly technologies. Electric motors offer a greener alternative to traditional combustion engines, making them increasingly attractive for a wide range of applications in consumer electronics, automotive, and industrial sectors. This heightened focus on sustainability has led to greater adoption of electric motors in European markets. Moreover, Europe is witnessing rapid advancements in electric vehicle (EV) adoption, driven by government incentives, tightening emission standards, and growing environmental consciousness among consumers. As EV manufacturers expand their production capacities and develop new models to meet rising demand, there's a corresponding surge in the demand for electric motors to power these vehicles. 

Consumer Electronics Electric Motor Market Players

Some of the prominent consumer electronics electric Motor Market companies areJohnson Electric Holdings Ltd., Nidec Corporation, Mabuchi Motor Co. Ltd., Maxon Motor AG, Siemens AG, Allied Motion Technologies Inc., Mitsumi Electric Co. Ltd., Toshiba, FAULHABER Group, Ametek, Inc., Emerson Electric Co., and Industrial Equipment Systems Co. Ltd.

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Acumen Research and Consulting

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