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Consumer Electronics Electric Motor Market Size

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

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.

 

Consumer Electronics Electric Motor Market

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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.
 

 

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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