Consumer Electronics Electric Motor Market - By Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, and Universal Motor), By Electric Motor (Computer, Mobile Phone, Appliances, Fans) & Global Forecast, 2023-2032

Consumer Electronics Electric Motor Market Size

Consumer Electronics Electric Motor Market size surpassed USD 15.5 billion in 2022. The industry is anticipated to grow at over 6% CAGR from 2023 to 2032 driven by a positive inclination toward efficient and sustainable electronics.
 

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Proliferating demand for consumer electronics is fueling the market growth. Electric motors are necessary to power consumer devices such as refrigerators, washing machines, vacuum cleaners, mixers, and grinders. Additionally, electronic consumer goods are being upgraded rapidly as existing models are becoming redundant., increasing the product uptake in consumer electronics. Moreover, with economic development in many regions, consumers are increasingly focusing on modernizing their appliances, which is likely to fuel market growth through the forecast period.
 

High raw material prices may restrain industry progression

The COVID-19 pandemic had a detrimental impact on the operations of several manufacturers in the electric motor market for consumer devices. Following the pandemic, the cost of electricity and raw commodities has skyrocketed. Extended lead times continue to hamper the supply chain for electrical parts and supplies as a result of transportation problems caused by the Russia-Ukraine conflict. Nonetheless, consistent innovations in electronics and the rising utilization of appliances are expected to augment industry revenues in the upcoming years.
 

Consumer Electronics Electric Market Analysis

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Based on electric motor, the consumer electronics electric motor market from the direct current (DC) motor segment is projected to generate a valuation of over USD 19 billion by the end of 2032 propelled by their ease of use, compactness, and ability to provide high torque at low speeds. DC motors are easy to control, making them ideal for applications that require precise speed and position control. To quote an instance, in July 2022, a team of researchers developed an indigenous, efficient, and affordable smart controller with a BLDC (brushless DC motor).
 

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Consumer electronics electric motor market from the appliances segment is foreseen to be valued at more than USD 9 billion by the end of 2032. As customers become more aware of their energy use and its effects on the environment, the trend towards utilizing energy-efficient motors in domestic appliances is driving segment progression. Recently, the Government of India introduced a Star-rated appliance program and extended support for the Bureau of Energy Efficiency with the aim to promote energy efficiency across the nation.
 

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Asia Pacific consumer electronics electric motor market is set to depict more than 6.5% CAGR from 2023 to 2032 attributed to the burgeoning demand for consumer electronic products in the region. Moreover, with increasing disposable income in developing countries such as India and China, there is a growing demand for consumer electronic products, such as refrigerators, air conditioners, washing machines, and vacuum cleaners, spurring product adoption.
 

Consumer Electronics Electric Motor Market Share

• Allied Motion Technologies Inc
• Industrial Equipment Systems Co Ltd
•  FAULHABER GROUP
•  Toshiba
•  MABUCHI MOTOR CO LTD
•  Johnson Electric Holdings Limited
• Emerson Electric Co
•  Maxon Motor
•  Regal Rexnord Corporation
•  NIDEC CORPORATION
•  Rockwell Automation Inc
•  Franklin Electrics
•  SIEMENS, and TECO Westinghouse

are some of the key participants involved in the consumer electronics electric motor market. These firms are engaging in strategic acquisitions and mergers to expand their customer reach. For instance, in October 2022, Johnson Electric, an automotive components manufacturer, acquired an 80% stake in Pendix GmbH, an e-bike company. Through this acquisition, the company extended its e-mobility offering and entered the e-bike market.
 

Impact of the COVID-19 pandemic

The COVID-19 pandemic had an adverse impact on the consumer electronics electric motor industry in the form of supply chain disruptions, shortage of raw materials, reduced demand, a shift in consumer choices, and increased popularity of online sales channels. However, the coronavirus outbreak pushed people to stay at home, which eventually boosted the demand for home appliances, including air conditioners, refrigerators, and washing machines. Moreover, with the shutting down of physical stores and the introduction of various e-commerce websites, the sales of electric motors for transportation drastically grew through online channels.
 

The consumer electronics electric motor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume (Thousand Units) and revenue in USD Million from 2018 to 2032 for the following segments:

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By Electric Motor

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Universal motor

By Application

• Computer
• Mobile phone
• Appliances
  • Refrigerator
  • Washing machine
  • Vacuum cleaner
  • Microwave oven
  • Mixer
  • Grinders
  • Juicers
  • Other
• Fans
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE