Motor and generator manufacturing companies manufacture electric motors, power generators and motor generator sets. This industry does not include companies manufacturing internal combustion engine starting motors, power generators and motor generator sets. This industry also includes establishments rewinding armatures on a factory basis. The motor and generator manufacturing market in this report is segmented into motor manufacturing and generator manufacturing.
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The global motor and generator manufacturing market has shown growth in the past years with a CAGR of over 5.9%. The year 2017 recorded high growth in this market with a net value of $116 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global motor and generator manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Motors and generators manufacturers are offering advance technologies for a wide range of electric vehicles. Technologies being offered include electric vehicle traction motors and belt driven and integrated starter generators. Electric vehicle traction motors are also known as rotating electric machines is an electric motor used for propulsion of a vehicle, whereas integrated starter generators allows engine vehicle to restart after the idle stop to save fuel and emissions. For instance, according to a report by IDTechEX, electric vehicle traction motor was expected to exceed $25 billion by 2025, thus indicating high demand for electric vehicle traction motor technology.
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Companies included in the report are Toyota Motor, Volkswagen Group, General Motors, Daimler AG, and Ford Motor.
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