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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 Size
The Oceania electric motor market size reached approximately USD 1,301.88 million in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of around USD 2,000.47 million by 2032.
Key Takeaways
- When maintained properly, the capacity of electric motors reaches 30,000 hours and is designed to run at 50% to 100% of rated load.
- HVAC systems account for around 50% of a commercial building’s energy use in Australia. As a result, demand for energy motors will rise to ensure energy savings.
- The Australian government aims to reduce the country’s GHG emissions by 43% by 2030 and reach net zero by 2050. Consequently, this will propel the demand for electric vehicles (EVs) and renewable energy.
Countries in Oceania that include Australia, New Zealand, Papua New Guinea, Fiji, and others are witnessing strong growth in their industrial and manufacturing sector. The Australian government has laid out investment funds to support advanced manufacturing enabling manufacturers to expand their operations, and industrial processes, and use research and development to attain growth in technology. The growing industrial sector further contributes to a greater need for electric motors to power fans, blowers, machine tools, turbines, pumps, power tools, compressors, etc.
Key factors driving the electric motor market in Oceania include rising technological advancements concerning electric motors, rising adoption of electric vehicles, and adoption of consumer appliances that function on electric motors.
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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