Consumer Electronics Electric Motor Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
The Global Consumer Electronics Electric Motor Market Size accounted for USD12.6 Billion in 2022 and is projected to achieve a market size of USD 21.3 Billion by 2032 growing at a CAGR of 5.5% from 2023 to 2032.
Consumer Electronics Electric MotorMarket Highlights
- Global consumer electronics electric motor market revenue is expected to increase by USD 21.3Billionby 2032, with a5.5%CAGR from 2023 to 2032
- Asia-Pacificregion led with more than 36% of consumer electronics electric motor market share in 2022
- Europe consumer electronics electric motor market growth will record a CAGR of more than 6.2% from 2023 to 2032
- By motor type, the DC motorsare the largest segment of the market, accounting for over 41% of the global market share
- By application, the home appliances are one of the largest and fastest-growing segments of the consumer electronics electric motor industry
- Increasing demand for energy-efficient appliances and devices, drives the consumer electronics electric motormarket value
Consumer electronics electric motors are compact, efficient, and vital components found in various devices such as household appliances, power tools, automotive systems, and more. These motors serve multiple functions, including driving fans, compressors, pumps, and rotating components within devices. With advancements in technology, consumer electronics electric motors have undergone significant improvements in terms of energy efficiency, size reduction, and performance enhancement, aligning with the growing demand for smaller, smarter, and more energy-efficient devices.
The market for consumer electronics electric motors has witnessed steady growth over the past few years, driven by factors such as increasing automation, rising demand for smart home appliances, and the proliferation of portable electronic devices. Additionally, the shift towards electric vehicles (EVs) has further fueled the demand for advanced electric motor technology in the automotive sector. Furthermore, the integration of Internet of Things (IoT) capabilities in consumer electronics has led to a surge in demand for motors that can support connectivity and automation features, thus expanding the market opportunities for electric motor manufacturers. As consumers continue to prioritize energy efficiency, convenience, and connectivity in their electronic devices, the consumer electronics electric motor market is expected to experience robust growth in the coming years.
Global Consumer Electronics Electric Motor Market Trends
Market Drivers
- Increasing demand for energy-efficient appliances and devices
- Integration of IoT capabilities in consumer electronics
- Advancements in electric motor technology, such as brushless DC motor
- Emphasis on sustainable manufacturing practices and carbon emissions reduction
Market Restraints
- Supply chain disruptions and material shortages
- High initial investment costs for advanced electric motor technology
Market Opportunities
- Expansion of smart home and connected device markets
- Rising demand for electric mobility solutions in urban environments
Consumer Electronics Electric Motor Market Report Coverage
| Market | Consumer Electronics Electric Motor Market |
| Consumer Electronics Electric Motor Market Size 2022 | USD 12.6 Billion |
| Consumer Electronics Electric Motor Market Forecast 2032 |
USD 21.3 Billion |
| Consumer Electronics Electric Motor Market CAGR During 2023 - 2032 | 5.5% |
| Consumer Electronics Electric Motor Market Analysis Period | 2020 - 2032 |
| Consumer Electronics Electric Motor MarketBase Year |
2022 |
| Consumer Electronics Electric Motor Market Forecast Data | 2024 - 2032 |
| Segments Covered | By Motor Type, By Application, and By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Johnson Electric Holdings Ltd., Nidec Corporation, Mabuchi Motor Co. Ltd., Maxon Motor AG, Siemens AG, Allied Motion Technologies Inc., Mitsumi Electric Co. Ltd., Toshiba, FAULHABER Group, Ametek, Inc., Emerson Electric Co., and Industrial Equipment Systems Co. Ltd. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Consumer Electronics Electric Motor Market Dynamics
Consumer electronics electric motors are compact and efficient devices used to convert electrical energy into mechanical energy, facilitating the movement of various components within consumer electronic devices. These motors come in different types and sizes, ranging from small, low-power motors found in appliances like blenders and vacuum cleaners to more powerful motors used in power tools and automotive systems. They play a crucial role in the functionality of numerous consumer electronic products, powering functions such as rotation, oscillation, and vibration. The applications of consumer electronics electric motors are vast and diverse. In household appliances, they power the rotation of fans in air conditioners and refrigerators, drive the agitators in washing machines, and control the movement of robotic vacuum cleaners. In the realm of personal electronics, electric motors are used in devices such as smartphones for haptic feedback and vibration alerts. Additionally, they play a vital role in automotive electronics, powering features like electric power steering, window regulators, and HVAC systems.
The consumer electronics electric motor market has been experiencing significant growth, driven by several factors such as increasing demand for energy-efficient appliances, advancements in electric vehicle technology, and the proliferation of smart home devices. With consumers becoming more conscious about energy consumption and environmental impact, manufacturers are under pressure to produce electronics with higher efficiency ratings, spurring the adoption of electric motors in various applications. Additionally, the transition towards electric vehicles worldwide has created substantial opportunities for electric motor manufacturers, as these vehicles rely heavily on electric propulsion systems. Moreover, the integration of Internet of Things (IoT) capabilities into consumer electronics has further propelled the demand for electric motors. IoT-enabled devices require motors that can support connectivity and automation features, driving innovation in motor technology.
Consumer Electronics Electric Motor Market Segmentation
The globalconsumer electronics electric motormarket segmentation is based on motor type, application, and geography.
Consumer Electronics Electric Motor Market By Motor Type
- AC Motors
- DC Motors
- Universal Motor
- Induction Motors
In terms of motor types, the DC motors segment accounted for the largest market share in 2022. DC motors are widely used in consumer electronics due to their simplicity, cost-effectiveness, and controllability. These motors find applications in a diverse range of devices such as home appliances, personal care products, automotive systems, and more. With the increasing demand for energy-efficient and quieter operation in consumer electronics, manufacturers are turning to DC motors as they offer higher efficiency compared to traditional AC motors. Moreover, the rise of portable electronic devices such as smartphones, laptops, and wearables has created significant opportunities for DC motors. These motors are crucial for functions like vibration feedback, lens focusing in cameras, and precise movements in robotics, enhancing the user experience in these devices. Additionally, advancements in DC motor technology, such as the development of brushless DC motors (BLDC), have further fueled the segment's growth. BLDC motors offer higher efficiency, longer lifespan, and lower maintenance requirements, making them ideal for various consumer electronics applications where reliability and performance are paramount.
Consumer Electronics Electric Motor Market By Application
- Home appliances
- Entertainment devices
- Personal care products
- HVAC systems
- Smartphones
According to the consumer electronics electric motor market forecast, the home appliances segment is expected to witness significant growth in the coming years. As consumers increasingly seek convenience, energy efficiency, and connectivity in their homes, manufacturers are integrating electric motors into a wide array of appliances to meet these demands. Electric motors play a critical role in home appliances such as refrigerators, washing machines, dishwashers, vacuum cleaners, and air conditioners, powering essential functions like cooling, washing, drying, and suction. One of the key drivers behind the growth of the home appliances segment is the rising awareness of energy conservation and sustainability. Consumers are actively seeking appliances with higher energy efficiency ratings to reduce their carbon footprint and lower utility bills. Electric motors, particularly brushless DC motors (BLDC), offer significant energy savings compared to traditional motors, making them an attractive choice for appliance manufacturers. Additionally, advancements in motor technology have led to quieter operation, improved performance, and longer lifespan, further enhancing the appeal of electric motor-powered appliances.
Consumer Electronics Electric Motor Market Regional Outlook
North America
- United State
- Canada
Europe
- Germany
- France
- U.K.
- Spain
- Rest of Europe
- Brazil
- Mexico
- Rest of Latin America
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
The Middle East & Africa
- South Africa
- UAE
- Rest of the Middle East & Africa (ME&A)
Consumer Electronics Electric Motor Market Regional Analysis
The Asia-Pacific region has emerged as a dominating force in the consumer electronics electric motor market due to several key factors. One of the primary drivers is the region's position as a manufacturing hub for consumer electronics. Countries like China, Japan, South Korea, and Taiwan host numerous electronics manufacturers that produce a vast array of products, ranging from smartphones and home appliances to automotive electronics. This concentration of manufacturing facilities has created a significant demand for electric motors to power these devices, thus driving the growth of the market in the region. Moreover, the Asia-Pacific region boasts a large consumer base with a growing middle class and increasing disposable income. Rising urbanization and improving living standards have led to higher demand for consumer electronics and household appliances in the region. As consumers seek more energy-efficient and technologically advanced products, manufacturers are under pressure to incorporate electric motors that meet these requirements. Additionally, government initiatives and regulations promoting energy efficiency and environmental sustainability are further incentivizing the adoption of electric motors in consumer electronics across the Asia-Pacific region. Furthermore, the presence of leading electric motor manufacturers and suppliers in countries like Japan and South Korea contributes to the region's dominance in the market.
Consumer Electronics Electric Motor Market Player
Some of the top consumer electronics electric motor market companies offered in the professional report includeJohnson Electric Holdings Ltd., Nidec Corporation, Mabuchi Motor Co. Ltd., Maxon Motor AG, Siemens AG, Allied Motion Technologies Inc., Mitsumi Electric Co. Ltd., Toshiba, FAULHABER Group, Ametek, Inc., Emerson Electric Co., and Industrial Equipment Systems Co. Ltd.
Frequently Asked Questions
How big is the consumer electronics electric motor market?
The consumer electronics electric motor market size was USD 12.6 Billion in 2022.
What is the CAGR of the global consumer electronics electric motor market from 2023 to 2032?
The CAGR of consumer electronics electric motor is 5.5% during the analysis period of 2023 to 2032.
Which are the key players in the consumer electronics electric motor market?
The key players operating in the global market are including Johnson Electric Holdings Ltd., Nidec Corporation, Mabuchi Motor Co. Ltd., Maxon Motor AG, Siemens AG, Allied Motion Technologies Inc., Mitsumi Electric Co. Ltd., Toshiba, FAULHABER Group, Ametek, Inc., Emerson Electric Co., and Industrial Equipment Systems Co. Ltd.
Which region dominated the global consumer electronics electric motor market share?
Asia-Pacific held the dominating position in consumer electronics electric motor industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Europe region exhibited fastest growing CAGR for market of consumer electronics electric motor during the analysis period of 2023 to 2032.
What are the current trends and dynamics in the global consumer electronics electric motor industry?
The current trends and dynamics in the consumer electronics electric motor market growth include increasing demand for energy-efficient appliances and devices, integration of IoT capabilities in consumer electronics, and advancements in electric motor technology, such as brushless DC motors.
Which motor type held the maximum share in 2022?
The DC motor type held the maximum share of the consumer electronics electric motor industry.
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