Global Electric Motor for Household Appliances Market 2023-2029

Electric motors are commonly used in household appliances to convert electrical energy into mechanical energy that can drive various components of the appliance. These motors are designed to be efficient and reliable, ensuring smooth operation of appliances such as washing machines, dishwashers, dryers, vacuum cleaners, and many other household devices. The global electric motor for household appliances market is anticipated to increase by USD 2.3 billion till 2029 at an average annual growth of 4.65 percent as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global electric motor for household appliances market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, voltage, output power, application, and region. The global market for electric motor for household appliances can be segmented by type: AC motors, DC motors. The AC motors segment was the largest contributor to the global electric motor for household appliances market in 2022. Electric motor for household appliances market is further segmented by voltage: up to 50V, above 120V, 50V-120V. According to the research, the up to 50V segment had the largest share in the global electric motor for household appliances market. Based on output power, the electric motor for household appliances market is segmented into: up to 500W, above 500W. The up to 500W segment held the largest revenue share in 2022. On the basis of application, the electric motor for household appliances market also can be divided into: refrigerator, washing machine, vacuum cleaner, dishwasher, range hoods, tumble dryers, ovens, electric fan, wash dryers, freezers. Globally, the refrigerator segment made up the largest share of the electric motor for household appliances market. Electric motor for household appliances market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

Market Segmentation
By type: AC motors, DC motors
By voltage: up to 50V, above 120V, 50V-120V
By output power: up to 500W, above 500W
By application: refrigerator, washing machine, vacuum cleaner, dishwasher, range hoods, tumble dryers, ovens, electric fan, wash dryers, freezers
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Nidec Motor Corporation, ebm-papst Mulfingen GmbH & Co. KG, Johnson Electric Holdings Limited, Sunonwealth Electric Machine Industry Co., Ltd., Nichibo DC Motor, Elica S.p.A., Diehl Stiftung & Co. KG, CG Power and Industrial Solutions Limited, Panasonic Corporation, Hunan Keli Motor Co., Ltd., Zhejiang Sanhua Intelligent Controls Co., Ltd, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global electric motor for household appliances market.
• To classify and forecast the global electric motor for household appliances market based on type, voltage, output power, application, region.
• To identify drivers and challenges for the global electric motor for household appliances market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global electric motor for household appliances market.
• To identify and analyze the profile of leading players operating in the global electric motor for household appliances market.

Why Choose This Report
• Gain a reliable outlook of the global electric motor for household appliances market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.