Electric Motors Market for Household Appliances Market

The demand for electric motors for household appliances is growing rapidly owing to various factors, including the demand for HVAC applications in residential sector and increasing affordability of household appliances.

The global electric motors market for household appliances is projected to grow at 5.32% CAGR during the forecast period, 2019–2025. In 2018, the global electric motors market for household appliances was dominated by Asia-Pacific with a 34.64% share, followed by Europe and North America with shares of 22.21% and 20.40%, respectively.

The global electric motors market for household appliances has been segmented based on type, voltage, output power, application, and region. On the basis of type, the global electric motors market for household appliances has been segmented into AC motors, DC motors. The DC motors segment is expected to grow at a faster rate during the forecast period. In 2018, the DC motors segment held a 61.20% share of the global electric motors market for household appliances.

On the basis of voltage, the global electric motors market for household appliances has been segmented as Up to 50 V, 50 to 120 V, and Above 120 V. The Above 120 V segment is expected to grow at the fastest rate during the forecast period. In 2018, the above 120 V segment held a 42.00% share of the global electric motors market for household appliances.

On the basis of output power, the global electric motors market for household appliances has been segmented into Up to 500 W and above 500 W. The up to 500 W segment is expected to grow at the faster rate during the forecast period. In 2018, the up to 500 W segment held a 58.77% share of the global electric motors market for household appliances.

On the basis of application, the global electric motors market for household appliances has been segmented into refrigerator, ovens, washing machine, vacuum cleaner, electric fan, dishwasher, range hoods, tumble dryers, wash dryers, and freezers. The refrigerator segment is expected to grow at the fastest rate during the forecast period. In 2018, the refrigerator segment held a 29.83% share of the global electric motors market for household appliances.

On the basis of region, the global electric motors market for household appliances has been segmented into the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2018, Asia-Pacific held a 34.64% share of the global electric motors market for household appliances.