Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC056444 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Africa Electric Motor Market report thoroughly covers the market by countries, by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Electric Motor Market is steadily gaining traction, with significant investments being made in solar and wind energy systems. The Africa Electric Motor Market Growth is expected to grow at a steady rate, driven by the rise in demand for electric vehicles, home appliances, and the need for clean energy alternatives. The region is also a growing market for energy storage systems, with lithium-ion batteries accounting for a significant share of the market. The need for cost-effective and reliable power solutions in Africa presents vast opportunities for the electric motor industry.
According to 6Wresearch, the Africa Electric Motor Market size is constantly growing with expected CAGR of 5.3% during the forecast period of 2024-2030. The increase in demand for electric motors in Africa can be attributed to factors such as rising concern for the environment, government policies on carbon reduction, and the need for energy security. Additionally, advancements in technology have made electric motors more cost-effective and reliable, further driving their adoption. The demand for electric vehicles, sustainable transportation, and renewable energy systems has also contributed significantly to the growth of the electric motor market in Africa. However, Africa electric motor market faces several significant challenges, one of which is infrastructure limitations. The continent's inadequate power infrastructure, coupled with intermittent power supply and high transmission losses, remains a significant hurdle to the market's growth. Furthermore, there is limited local manufacturing capacity, leading to a reliance on imports, which significantly increases costs. Apart from this, there is an increasing demand for energy-efficient technologies, creating ample opportunities for growth in the electric motor market. Governments in the region are implementing policies and incentives to promote the adoption of clean energy solutions, creating an enabling environment for the electric motor industry. Furthermore, the continent's young and tech-savvy population presents a prime market for electric vehicles and other sustainable transportation options.
To promote the adoption of electric motors in the region, several governments in Africa have initiated policies and schemes to encourage the uptake of energy-efficient products. Several countries of Africa have also introduced tax incentives to promote the adoption of electric motors. For example, Kenya provides tax exemptions on equipment used for the generation and distribution of renewable energy. Similarly, in Mauritius, custom duties and VAT on electric vehicles and charging equipment have been reduced to encourage their uptake.
The Africa electric motor industry is home to several prominent players such as WEG Electric Corp, Siemens, TECO Electric & Machinery, and ABB Group. These companies offer a wide range of electric motors and related products, and provide technical expertise and support to their customers.
By Motor Type, the demand for AC motors has increased, and the market is expected to grow due to the high demand for HVAC and industrial machinery. Direct Current (DC) motors have grown significantly in recent years, with the increasing use of battery-powered devices. Hermetic motors are mainly used in refrigeration, HVAC, and air conditioning systems, and the increasing demand for these systems has created a growing market for hermetic motors.
According to Parisha, Senior Research Analyst, 6Wresearch, the 60V and above voltage range segment has the highest market share due to the increasing demand for high-power industrial motors. However, the 21-60V voltage range segment is expected to have significant growth in the coming years due to an increase in the use of battery-powered vehicles and renewable energy systems.
By Speed, the low-speed electric motor segment is dominating the Africa Electric Motor Market Share mainly due to the high usage of these motors in industrial machinery. However, the medium-speed electric motor segment is expected to grow, primarily driven by the transportation sector. The high-speed and ultrahigh-speed electric motor segments are expected to experience significant growth due to their usage in electric vehicles and renewable energy systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Electric Motor Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Electric Motor Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Electric Motor Market - Industry Life Cycle |
3.4 Africa Electric Motor Market - Porter's Five Forces |
3.5 Africa Electric Motor Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Electric Motor Market Revenues & Volume Share, By Motor Type, 2020 & 2030F |
3.7 Africa Electric Motor Market Revenues & Volume Share, By Output Power, 2020 & 2030F |
3.8 Africa Electric Motor Market Revenues & Volume Share, By Voltage Range, 2020 & 2030F |
3.9 Africa Electric Motor Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Africa Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2020 & 2030F |
4 Africa Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Electric Motor Market Trends |
6 Africa Electric Motor Market, 2020 - 2030 |
6.1 Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2020 - 2030 |
6.2 Africa Electric Motor Market, Revenues & Volume, By Output Power, 2020 - 2030 |
6.3 Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2020 - 2030 |
6.4 Africa Electric Motor Market, Revenues & Volume, By Application, 2020 - 2030 |
6.5 Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020 - 2030 |
7 South Africa Electric Motor Market, 2020 - 2030 |
7.1 South Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2020 - 2030 |
7.2 South Africa Electric Motor Market, Revenues & Volume, By Output Power, 2020 - 2030 |
7.3 South Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2020 - 2030 |
7.4 South Africa Electric Motor Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 South Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020 - 2030 |
8 Nigeria Electric Motor Market, 2020 - 2030 |
8.1 Nigeria Electric Motor Market, Revenues & Volume, By Motor Type, 2020 - 2030 |
8.2 Nigeria Electric Motor Market, Revenues & Volume, By Output Power, 2020 - 2030 |
8.3 Nigeria Electric Motor Market, Revenues & Volume, By Voltage Range, 2020 - 2030 |
8.4 Nigeria Electric Motor Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 Nigeria Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020 - 2030 |
9 Kenya Electric Motor Market, 2020 - 2030 |
9.1 Kenya Electric Motor Market, Revenues & Volume, By Motor Type, 2020 - 2030 |
9.2 Kenya Electric Motor Market, Revenues & Volume, By Output Power, 2020 - 2030 |
9.3 Kenya Electric Motor Market, Revenues & Volume, By Voltage Range, 2020 - 2030 |
9.4 Kenya Electric Motor Market, Revenues & Volume, By Application, 2020 - 2030 |
9.5 Kenya Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020 - 2030 |
10 Rest of Africa Electric Motor Market, 2020 - 2030 |
10.1 Rest of Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2020 - 2030 |
10.2 Rest of Africa Electric Motor Market, Revenues & Volume, By Output Power, 2020 - 2030 |
10.3 Rest of Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2020 - 2030 |
10.4 Rest of Africa Electric Motor Market, Revenues & Volume, By Application, 2020 - 2030 |
10.5 Rest of Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020 - 2030 |
11 Africa Electric Motor Market Key Performance Indicators |
12 Africa Electric Motor Market - Opportunity Assessment |
12.1 Africa Electric Motor Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Electric Motor Market Opportunity Assessment, By Motor Type, 2020 & 2030F |
12.3 Africa Electric Motor Market Opportunity Assessment, By Output Power, 2020 & 2030F |
12.4 Africa Electric Motor Market Opportunity Assessment, By Voltage Range, 2020 & 2030F |
12.5 Africa Electric Motor Market Opportunity Assessment, By Application, 2020 & 2030F |
12.6 Africa Electric Motor Market Opportunity Assessment, By Speed (RPM), 2020 & 2030F |
13 Africa Electric Motor Market - Competitive Landscape |
13.1 Africa Electric Motor Market Revenue Share, By Companies, 2023 |
13.2 Africa Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |
Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC056444 | Publication Date: Feb 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africaย Electric Motorย Marketย is projected to grow over the coming years. Africaย Electric Motorย Market is a part of our various regional publications globally. 6W tracksย Electric Motorย Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Globalย Electric Motorย Market outlook report annually.
Africa Electric Motor Market report thoroughly covers market by motor type, speed, voltage, application and Countries. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Electric Motor Market Synopsis
Africa Electric Motor Market is anticipated to register sound revenues during the forthcoming years on account of increasing urbanization. Growing migration towards urban areas backed is driving the increasing demand for electricity further leading to the development of the market. Additionally, increasing disposable income coupled with improved standard of living beholds the increasing demand for electricity and heating appliances further leading to the growth of electric motor market. Growing development in industrial sector backed by demand for heavy machinery is adding to the development of the market.
According to 6Wresearch, Africa Electric Motor Market size is projected to register growth during 2021-2027. Growing advancement in automotive industry along with a rapid shift towards electric vehicle beholds the increasing growth of the market. Initiatives taken by the government in order to reduce the usage of fossil fuels and promote electric vehicle is propelling the growth of electric motor market in Africa. Additionally, the growing population drives the demand for electricity in residential areas further leading to the growth of the market. Initial cost is still a restraining factor in the growth of the market. The global health emergency caused by the outburst of COVID-19 leading to nationwide lockdown further beholds the negative growth of the market.
Market Analysis by Motor Type
On the basis of Motor Type, AC motor segment accounted the largest share and is expected to grow during the upcoming period as well.
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Key Attractiveness of the Report
Key Highlights of the Report:
Market Segmentation:
The report provides a detailed analysis of the following market segments: