Global Single-phase Motors Market Size By Product(<5000 kw and 5000-10000 kw), By Application(Industrial, Agricultural, and Residential), By Geographic Scope And Forecast

Single-phase Motors Market Size And Forecast

Single-phase Motors Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The increasing use of Single-Phase Motors in households, Industrial, and other industries is driving the growth of the Single-Phase Motors market across the globe. In addition, factors such as rising demand for electric vehicles, the affordable price of motors, low maintenance cost, technological advancements in induction motors, surging automation industries, growing demand for energy-efficient motors are driving the global Single-Phase Motor market. The Global Single-phase Motors Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Single-phase Motors Market Definition

A single-phase motor is a rotating machine powered by electricity that can convert electrical energy into mechanical energy. Single-phase refers to the input power and is used by a variety of motors. A single-phase motor powered by a single-phase power supply. There are two kinds of wiring in themhot and neutral. There is only one alternating voltage in them. The circuit consists of two wires with the same current flowing through them at all times. Mostly these are low-torque small motors. Because single-phase motors only generate an alternative magnetic field rather than a rotating magnetic field, they require a capacitor for a startup. Single-phase motors are widely used in both household and commercial applications, as well as in industrial applications to some extent. Single-phase motors are simple to build, inexpensive to operate, dependable, and simple to repair and maintain. Single-phase motors are used in vacuum cleaners, fans, washing machines, centrifugal pumps, blowers, and washing machines because of these benefits. Home appliances, HVAC, and other equipment such as drills, air conditioners, and garage door opening and shutting systems are amongst their most common applications. Single-phase motors can be classified as Induction Motors (Split-phase Motors, Capacitor Motors, Shaded-pole Motors, etc.), Repulsion Motors (also known as Inductive-Series Motors), A.C Series Motors, and Un-excited Synchronous Motors. Each type of motor has its own set of benefits and drawbacks. Single-phase motors are employed in smaller equipment and machines that require less horsepower. Single-phase motors provide numerous advantages. For starters, single-phase motors are less expensive to make; they also require very little maintenance, don’t often require repairs, and are simple to replace when they do. Single-phase motors can last for years as well. Most single-phase motor failures are due to improper application rather than a manufacturing problem in the motor itself.

Global Single-phase Motors Market Overview

The global Single-Phase Motors market is expected to witness growth during the forecasted period with the rising demand for electric vehicles, technological advancement, and the rapid rate of industrialization in emerging countries. The growing pressure on countries at the global forefront to cut greenhouse gases emission are helping in promoting electric vehicles globally. Thus creating opportunities for the adoption of single-phase motors. In addition, technological advancements are also escalating the adoption of single-phase motors. Also, growing adoption in the industrial sector for various applications owing to its affordable nature and easy functionality is boosting the growth of the global Single-Phase Motors market. Moreover, the rapid growth in the residential sector due to the need for energy-efficient products with the rising demand for household appliances, increasing urbanization, smart homes, digitalization & others is expected to support the global Single-Phase Motors market growth over the years. These motors are commonly used in compressor load systems, fans, and other applications as they help in saving a considerable amount of energy. Also, the building Adoption for HVAC applications may propel the Market Growth. The heating and air-conditioning (HVAC) industry has expanded with the growing demand for heating and cooling across residential, commercial, and industrial locations leading to the new construction activities to look at the HVAC equipment supply in the buildings as an important component in construction. It has spurred the adoption of electric motors in the end. Due to these, the single-phase motor market is expected to witness significant growth. Furthermore, the market is highly fragmented, with intense rivalry among local & international vendors. The market has become even more competitive as a result of the low entrance barrier. The economic slowdown has also ensured that companies have to lower their prices to increase their sales in the market during the forecasted period.

However, the rising price of raw materials affects manufacturer’s profit margins & their pricing strategies, restricting the growth of the global single-phase market. In addition, the motors not having self-starting torque may affect the market negatively. Moreover, the high installation cost of the manufacturing facility may restrict the global single-phase motor market growth.

Further, the COVID-19 virus outbreak has hit hard affected the global single-phase motors market growth negatively. The industries have suffered significant losses owing to the imposition of strict policies such as nationwide lockdowns. Accordingly, the outbreak of the disease has altered the demand for motors.

Global Single-phase Motors MarketSegmentation Analysis

The Global Single-phase Motors Market is segmented based on Product, Application, and Geography.

Single-phase Motors Market, By Product

• <5000 kw• 5000-10000 kw

Based on Product, the market is bifurcated into <5000 kw and 5000-10000 kw.

Single-phase Motors Market, By Application

• Industrial• Agricultural• Residential

Based on Application, the market is bifurcated into Industrial, Agricultural, and Residential. The industrial application is the leading segment global single-phase motor market in terms of revenue. The dominance of industrial application is due to the growing industrial sector across countries. Also, the residential application market is estimated to grow at the highest during the forecasted period owing to the rising demand for household appliances, increasing urbanization, smart homes, digitalization & others.

Single-phase Motors Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Single-phase Motors Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The Asia-Pacific region is expected to dominate the global single-phase market during the forecast period owing to the growth of the heating, ventilation, and air conditioning (HVAC) industry and the increasing popularity of electric vehicles in the region due to the increased government expenditure to curb pollution levels in countries like China and India.

Key Players

The “Global Single-phase Motors Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Franklin Electric, Grundfos, Flowserve, Faradyne Motors, Andritz Group, General Electric, Shakti Pumps, Pedrollo, Sumoto, Lubi Pumps, Baldor Electric, Hitachi, Ingeteam, Caprari and Aote Pump.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Global Single-phase Motors MarketResearch Methodology

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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