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Electric Motor for Household Appliances Market Research Report—Forecast till 2027

Market Synopsis

The global electric motor for household appliances market is anticipated to register a healthy market growth during the review period. An effective electric motor makes use of much less energy, reduces working charges, lowers motor heating electricity, and has an extended life. In general, electric-powered automobiles, which might be 85% efficient, convert eighty-five% of the electrical electricity into mechanical power and make use of the final electrical electricity to raise the motor temperature. The use of superior magnetic materials, insulation materials, and excessive-speed bearing design outcomes within the excessive performance of electrical motors.

The expanding interest for HVAC frameworks in-home devices is anticipated to build the interest for electric engines in HVAC frameworks in the private area. As indicated by Japan Refrigeration and Air Conditioning Association Report 2019, the interest in the room forced air systems expanded from 86.24 million units in 2016 to 96.07 million units in 2018. The electric engine is the essential part of the HVAC framework, wherein it is utilized to drive the blower to move the air. However, the availability of counterfeit products is expected to hinder the global market growth in the future.

Segment Overview

The global electric motor for household appliances market has been classified based on type, 

Based on type, the global electric motor for household appliances market is bifurcated into AC motors and DC motors.

Based on voltage, the global electric motor for household appliances market is categorized into up to 50 V, 50 V–120 V, and above 120 V.

In terms of output power, the global electric motor for household appliances market is divided into up to 500 W and above 500 W.

By application type, the global market is classified into Refrigerator, Oven, Washing Machine, Vacuum Cleaner, Electric Fan, Dishwasher, Range Hood, Tumble Dryer, Wash Dryer, and Freezer.

Regional Analysis:

North America is quite possibly the most conspicuous local business sector for electric engines for the home device, where the rising interest for HVAC applications in the private area and expanding reasonableness of domestic devices drive the development of the electric engines for the home devices market.

Europe is expected to be the second-largest market of electric motors for domestic devices, owing to the rising interest for home devices and expanded moderateness of home devices drive the development of the electric engines for home devices market in the district. 

Asia-Pacific is one of the fastest-growing regions in the world followed by the Middle East and Rest of the world.

Major Competitors 

The key players operating in the global electric motor for household appliances market are Johnson Electric Holdings Limited (Hong Kong), Elica S.p.A. (Italy), Newmotech Co., Ltd (South Korea), Diehl Stiftung & Co. KG (Germany), Dumore Motors (US), CG Power and Industrial Solutions Limited (India), NMB is a MinebeaMitsumi (US), Panasonic Corporation (Japan), Ebm-Papst(Germany), Nichibo DC Motor (China), Sunonwealth Electric Machine Industry Co., Ltd (Taiwan), Nidec Motor Corporation (Japan), CEBI Group (Luxemburg), Keli Motor Group Co., Ltd (China), and SanhuaAweco (Germany).

COVID 19 Impacts

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