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Consumer Electronics Electric Motor Market Analysis

  • Report ID: GMI5554
  • Published Date: Apr 2023
  • Report Format: PDF

Consumer Electronics Electric Market Analysis

Global Consumer Electronics Electric Motor Market Size, By Electric Motor

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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).
 

Global Consumer Electronics Electric Motor Market Revenue Share By Application

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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.
 

Asia Pacific Consumer Electronics Electric Motor Market Size

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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.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global Consumer Electronics Electric Motors Industry was valued at more than USD 15.5 billion in 2022 and is primed to grow at over 6% CAGR between 2023 and 2032 propelled by a positive inclination toward efficient and sustainable electronics.

The direct current (DC) motor segment is poised to generate a valuation of over USD 19 billion by the end of 2032 as a result of their ease of use, compactness, and ability to provide high torque at low speeds.

The consumer electronics electric motors industry share from the appliances application segment is anticipated to account for more than USD 9 billion by the end of 2032 owing to widespread awareness regarding energy efficiency and environmental impacts.

The Asia Pacific consumer electronics electric motors is slated to depict more than 6.5% CAGR from 2023 to 2032 attributed to the burgeoning demand for consumer electronic products in the region.

Consumer Electronics Electric Motor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 378
  • Countries covered: 21
  • Pages: 354
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