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Market Analysis

Oceania Electric Motor Market Size, Share, Trends, Growth: 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, Porter's Five Forces Analysis; Competitive Landscape; 2024-2032

Oceania Electric Motor Market Analysis

Australia holds a significant market Oceania electric motor market share owing to rising demand for household and industrial appliances

A growing manufacturing sector in Australia is catering to an increased demand for electric motors for compressors, fans and blowers, and heavy-duty equipment. Prominent fan manufacturers in the country include Aerotech Fans Pty Ltd, AirEng Pty Ltd, and Aerovent Australia Pty Ltd.

 

In New Zealand, the prevalence of standards such as Minimum Energy Performance Standards (MEPS) for three-phase cage induction electric motors (motors, or electric motors) is ensuring the quality of electric motors sold in the country.

 

Papua New Guinea is witnessing an increased deployment of electric vehicles due to the target set out by the Nationally Determined Contribution (NDC) of the country to increase the share of renewable energy as the source of electricity. The adoption of electric vehicles will create a drop in oil consumption and reduce emissions by up to 22% by 2035. With the growing adoption of electric vehicles, the demand for electric motors is anticipated to rise.

 

The Fiji Low Emission Development Strategy aims to achieve net zero carbon emissions by 2050. It is aimed at enabling Fiji to transform its energy sector with a wide array of on-grid and off-grid renewable energy generation. The adoption of clean energy for domestic, commercial, and industrial use as well as the conversion of Fiji's land transportation networks to electric cars, is anticipated to aid the Oceania electric motor market growth.

 

Oceania Electric Motor Market Report Snapshots

Oceania Electric Motor Market Size

Oceania Electric Motor Market Trends

Oceania Electric Motor Market Analysis

Oceania Electric Motor Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2018-2023) 
    8.3    Global Electric Motor Market Forecast (2024-2032)
9    Oceania Electric Motor Market Overview
    9.1    Key Industry Highlights
    9.2    Oceania Electric Motor Historical Market (2018-2023) 
    9.3    Oceania Electric Motor Market Forecast (2024-2032)
10    Oceania Electric Motor Market by Type
    10.1    AC Motors
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Fractional HP Output
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    Oceania Electric Motor Market by Application
    12.1    Residential and Commercial
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
13    Oceania Electric Motor Market by Country
    13.1    Australia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    New Zealand
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Papua New Guinea
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Fiji
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Oceania Electric Motor Market: Key Industry Highlights, 2018 and 2032
3.    Oceania Electric Motor Historical Market: Breakup by Type (USD Million), 2018-2023
4.    Oceania Electric Motor Market Forecast: Breakup by Type (USD Million), 2024-2032
5.    Oceania Electric Motor Historical Market: Breakup by Output (USD Million), 2018-2023
6.    Oceania Electric Motor Market Forecast: Breakup by Output (USD Million), 2024-2032
7.    Oceania Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2023
8.    Oceania Electric Motor Market Forecast: Breakup by Application (USD Million), 2024-2032
9.    Oceania Electric Motor Historical Market: Breakup by Country (USD Million), 2018-2023
10.    Oceania Electric Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2023, the Oceania electric motor market reached an approximate value of USD 1,301.88 million.

The market is expected to grow at a CAGR of 4.9% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2,000.47 million by 2032.

Electric motors operate by the interaction between electric current in a wire winding and the motor's magnetic field to generate a torque that is applied on the motor's shaft.

An electric motor is a device designed to convert electrical energy into mechanical energy.

The major drivers of the market include governmental policies to boost EV use, rising investment in home appliances, and the use of HVAC systems.

Key trends aiding market expansion include the technological advancement of electric motors, the adoption of electric vehicles, and the transition toward renewable energy.

The major applications of the product include residential and commercial, mobility, and industrial, among others.

The major countries include Australia, New Zealand, Papua New Guinea, and Fiji, 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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