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Oceania Electric Motor Market Size, Share, Forecast: By Type: AC Motors, DC Motors; By Power Output: Integral HP Output, Fractional HP Output; By Application: Residential and Commercial, E-Mobility, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Oceania Electric Motor Market Outlook
The Oceania electric motor market size reached approximately USD 1.25 billion in 2022. The market is assessed to grow at a CAGR of 4.8% between 2023 and 2028, reaching a value of nearly USD 1.65 billion by 2028.
Key Trends in the Market
An electric motor is a type of motor that utilises electrical energy to generate mechanical energy. It consists of several essential components, including a stationary part called the stator and a rotating part known as the rotor. These motors are widely used in different sectors due to their ability to provide precise control, high torque output, and energy efficiency.
- One of the primary drivers of the Oceania electric motor market growth is the implementation of favourable government initiatives and policies promoting the adoption of electric vehicles (EVs) and encouraging the use of electric motors in various sectors.
- With growing environmental consciousness, businesses and consumers are increasingly recognising the need to reduce carbon emissions and minimise their ecological footprint. Electric motors pose as a cleaner and more energy-efficient alternative to traditional combustion engines, leading to reduced greenhouse gas emissions. Hence, this shift towards sustainability is a major Oceania electric motor market trend.
- The increasing adoption of automation and robotics in the manufacturing and industrial sectors has created growth opportunities for the market. Electric motors play a crucial role in energising a wide range of automated systems, including conveyor belts, robots, and precision machinery. The benefits of the product, such as accurate control, strong rotational force, and energy efficiency, have fuelled the Oceania electric motor market demand.
Market Analysis
Based on type, the market is bifurcated into AC motors and DC motors. On the basis of power output, can be bifurcated into integral HP output and fractional HP output. The Oceania electric motor market segmentation, based on application, includes residential and commercial, e-mobility, and industrial. The major regional markets for electric motors are Australia, New Zealand, Papua New Guinea, and Fiji, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Oceania electric motor market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- TECO Electric & Machinery Co., Ltd.,
- WEG S.A.
- Regal Rexnord Corporation
- ABB Ltd.
- Emerson Electric Co.
- Nidec Corporation
- General Electric Company
- Toshiba International Corporation
- Others
Market Share by Application
The industrial segment is likely to account for a significant portion of the Oceania electric motor market share in the coming years. The segment is expected to register stable growth over the forecast period owing to the rising industrialisation in the region. Various industrial sectors such as manufacturing are increasingly adopting automation and this trend is likely to surge the demand for electric motors as it is a crucial component in machinery and robots.
Market Share by Country
According to the Oceania electric motor market analysis, Australia is expected to witness a significant growth in the forecast period, primarily driven by the increasing demand for electric motors in various sectors. Various sectors such as mining, automotive, packaging, power generation, consumer appliances, and manufacturing have extensively adopted electric motors for their operations. Additionally, the market is expected to be further boosted by the rising demand for HVAC (heating, ventilation, and air conditioning) systems.
Competitive Landscape
TECO Electric & Machinery Co., Ltd. is a prominent figure in the electric motor manufacturing field. Currently headquartered in Taiwan, the company started its operations in 1956 and has since developed a substantial presence in the international market. It has developed a wide array of products such as industrial electric motors, home appliances, commercial air conditioning, and system automation, among others.
WEG S.A. is a Brazilian engineering company that was established in the year 1961. Over the years, the company has solidified its position as a leader in the engineering sector. It has developed expertise in four different sectors, including industrial electronic equipment, paint and varnishes, motors, and energy generation, transmission, and distribution.
Regal Rexnord Corporation is an American electric motors and controls manufacturer. It operates in four different business sectors, including motion control solutions, climate solutions, commercial systems, and industrial systems. Its products are extensively utilised in HVAC systems, power generation, and the agriculture and food sectors, among others.
Other Oceania electric motor market players include ABB Ltd., Emerson Electric Co., Nidec ASI S.p.A, General Electric, and Toshiba International Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Power Output |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Corporation
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 Company
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
List of Key Figures and Tables
1. Global Electric Motor Market: Key Industry Highlights, 2018 and 2028
2. Oceania Electric Motor Market: Key Industry Highlights, 2018 and 2028
3. Oceania Electric Motor Historical Market: Breakup by Type (USD Million), 2018-2022
4. Oceania Electric Motor Market Forecast: Breakup by Type (USD Million), 2023-2028
5. Oceania Electric Motor Historical Market: Breakup by Output (USD Million), 2018-2022
6. Oceania Electric Motor Market Forecast: Breakup by Output (USD Million), 2023-2028
7. Oceania Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2022
8. Oceania Electric Motor Market Forecast: Breakup by Application (USD Million), 2023-2028
9. Oceania Electric Motor Historical Market: Breakup by Country (USD Million), 2018-2022
10. Oceania Electric Motor Market Forecast: Breakup by Country (USD Million), 2023-2028
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Exporting Countries by Volume
15. Oceania Electric Motor Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 1.25 billion.
The market is projected to grow at a CAGR of 4.8% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach a value of around USD 1.65 billion by 2028.
The market is being driven by the implementation of favourable government policies to promote the adoption of electric equipment and the increasing focus of companies and residents on reducing environmental impact by opting for sustainable alternatives.
The market development is propelled by the shift in trend towards automation and the growing utilisation of robotics.
The major countries in the market include Australia, New Zealand, Papua New Guinea, and Fiji, among others.
The major applications of the product include residential and commercial, e-mobility, and industrial, among others.
The prominent players in the market are TECO Electric & Machinery Co., Ltd., WEG S.A., Regal Rexnord Corporation, ABB Ltd., Emerson Electric Co., Nidec Corporation, General Electric Company, and Toshiba International Corporation, among others.
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