The electric motor and generator market has witnessed considerable technological advancement in the recent years due to which the demand for high efficient electric motor and generator system is gaining pace. The power efficient electric motors offer various benefits, such as longer operating life, low maintenance, and lower energy consumption over traditional electric motors.
Electric motor is an electro-mechanical device, which converts electric energy into kinetic energy, and similarly the electric generator converts kinetic energy into electrical energy. Electric motors and generators are widely used in numerous industries, such as aerospace, automotive, household appliances, industrial machinery, and HVAC equipment, industrial fans, pumps, compressors, lathe machines, domestic appliances, machine tools, disk drives, electric cars, power tools, and automated robots.
The improvement in energy efficiency of electric motors increasing demand of electric motor and generator from agricultural and industrial sector, growing application of HVAC system, and rising demand of electric and hybrid vehicle are some of the major drivers of the electric motor and generator market in the recent years.
The bulky design and heavy weight of the large output power generator and motors, coupled with high initial cost of electric motor and generator are some of the major restrains within the growth of the market.
Based on the output current, the global electric motor and generator market can be broadly classified as AC electric motor and generator, DC electric motor and generator, Synchronous AC Motor, and Induction AC Motor. Further based on the output power, AC generators can be classified, as electric motors (less than 37.5 watts), AC generators (less than 75 kVA), AC generators (75-375 kVA), AC generators (375-750 kVA), and AC generators (more than 750 kVA). Based on the output power, DC generators and motors market can be classified as DC generators and motors (output 75-375 kW), and DC generators and motors (output more than 375 kW).
Based on the input current phase the Global electric motor and generator market can be segmented as single phase electric motor and multiple phase electric motors. Based on the output power the multiple phase electric motor market can be further bifurcated as Multi-phase AC motors (less than 750 watts), Multi-phase AC motors (0.75-75 kW), Multi-phase AC motors (more than 75 kW), DC generators and motors (less than 750 watts).
Based on the different applications of electric motor and generator the market can be classified as industrial machinery, heating ventilating and cooling (HVAC) equipment, motor vehicles, aerospace and transportation, household appliances, and other application.
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