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Report
Oceania Electric Motor Market Report and Forecast 2023-2028
Market Report I 2023-07-11 I 93 Pages I EMR Inc.
Oceania Electric Motor Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Oceania electric motor market reached a value of USD 1,248.20 million in 2022. Aided by the growing awareness about environmental sustainability and growing demand for energy-efficient solutions, the market is projected to further grow at a CAGR of 4.80% between 2023 and 2028 to reach a value of USD 1,648.90 million by 2028.
An electric motor is a machine that converts electrical energy into mechanical energy. Commonly used in a wide array of products like fans, refrigerators, vehicles, and air conditioners, they play a key role in reducing energy consumption and carbon emissions, which leads to a healthier environment. Aside from their eco-friendly advantages, electric motors also boast excellent control characteristics and high efficiency, making them an invaluable component in numerous industrial applications, including manufacturing, automotive, and HVAC.
The Oceania electric motor market is driven by various factors including increasing demand for energy-efficient solutions, the expanding applications of electric motors, and the rising demand for automated machinery in the manufacturing sector.
The rising consumer preference for energy-efficient solutions is a significant driver propelling the Oceania electric motor market growth. With growing awareness about environmental sustainability and the benefits of energy conservation, there has been a substantial shift towards energy-efficient appliances, leading to an increased demand for electric motor-based products. Additionally, government initiatives promoting green energy and sustainable solutions have further contributed to the increasing popularity of electric motors.
The burgeoning applications of electric motors in various industries also play a significant role in boosting the Oceania electric motor market demand. In the manufacturing sector, electric motors are utilised for driving all types of machinery, including lathes, drill presses, and milling machines. The automotive industry employs electric motors extensively in electric vehicles, a trend that is growing with the surge in demand for environmentally friendly transportation. Furthermore, electric motors' cooling properties make them indispensable in the HVAC industry, where they are used in compressors, fans, and pumps.
Moreover, the growing demand for automated machinery in the manufacturing sector has led to an increased focus on electric motors. With the rise of Industry 4.0 and the increasing popularity of automated solutions, electric motors have emerged as a critical component in the development of advanced machinery, thereby propelling the Oceania electric motor market expansion.
Market Segmentation
The market can be divided based on type, power output, application, and country.
Market Breakup by Type
- AC Motors
o Synchronous AC Motors
o Induction AC Motors
- DC Motors
o Brushed DC Motors
o Brushless DC Motors
Market Breakup by Power Output
- Integral HP Output
- Fractional HP Output
Market Breakup by Application
- Residential and Commercial
o HVAC
o Home Appliances
o Others
- E-Mobility
o 2 and 3 Wheelers
o Light Vehicle
o Commercial and Heavy Vehicle
o Others
- Industrial
Market Breakup by Country
- Australia
- New Zealand
- Papua New Guinea
- Fiji
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Oceania electric motor companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- TECO Electric & Machinery Co., Ltd.,
- WEG S.A.
- Regal Rexnord Corporation
- ABB Ltd.
- Emerson Electric Co.
- Nidec ASI S.p.A
- General Electric
- Toshiba International Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Electric Motor Market Overview
8.1 Key Industry Highlights
8.2 Global Electric Motor Historical Market (2018-2022)
8.3 Global Electric Motor Market Forecast (2023-2028)
9 Oceania Electric Motor Market Overview
9.1 Key Industry Highlights
9.2 Oceania Electric Motor Historical Market (2018-2022)
9.3 Oceania Electric Motor Market Forecast (2023-2028)
10 Oceania Electric Motor Market by Type
10.1 AC Motors
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Market by Type
10.1.3.1 Synchronous AC Motors
10.1.3.2 Induction AC Motors
10.2 DC Motors
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Market by Type
10.2.3.1 Brushed DC Motors
10.2.3.2 Brushless DC Motors
11 Oceania Electric Motor Market by Power Output
11.1 Integral HP Output
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Fractional HP Output
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Oceania Electric Motor Market by Application
12.1 Residential and Commercial
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.1.3 Market by Application Type
12.1.3.1 HVAC
12.1.3.2 Home Appliances
12.1.3.3 Others
12.2 E-Mobility
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.2.3 Market by Type
12.2.3.1 2 and 3 Wheelers
12.2.3.2 Light Vehicle
12.2.3.3 Commercial and Heavy Vehicle
12.2.3.4 Others
12.3 Industrial
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
13 Oceania Electric Motor Market by Country
13.1 Australia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 New Zealand
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Papua New Guinea
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Fiji
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 8501)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 TECO Electric & Machinery Co., Ltd.,
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 WEG S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Regal Rexnord Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ABB Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Emerson Electric Co.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Nidec ASI S.p.A
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 General Electric
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Toshiba International Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
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