Australia Electric Motor Market (2021-2027) | Trends, Share, Size, Value, Revenue, Industry, Growth, Analysis, Segmentation, Outlook & COVID-19 IMPACT

Australia Electric Motor Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 30.6% over the previous year. While the USA registered a decline of -45.19% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1045 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1634 which signifies moderately concentrated in the market.

Australia Electric Motor Market - Export Market Opportunities

Topics Covered in Australia Electric Motor Market Report

The Australia Electric Motor Market report thoroughly covers the market by motor type, output, voltage, and industries. The market 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.

Latest 2023 Developments of Australia Electric Motor Market

Renewable energy integration, industrial automation, robotics, the rising adoption of electric vehicles, the mining and resources sector, energy efficiency initiatives, technological advancements, and government support are some of the latest developments taking place in the Australia Electric Motor Market. The nation has been experiencing a rising interest in electric vehicles and this led to a rise in demand for electric motors used in electric vehicles. They are also used in the formation of charging infrastructure in the nation. The country has been pursuing the integration of renewable energy sources like wind and solar power. These electric motors have an essential role to play in renewable energy generation as well as storage systems, which creates opportunities in the sector. The Australian manufacturing market has been improving automation as well as robotics technologies. These electric motors are crucial components in these systems and they are stimulating the increased demand in industrial automation applications. These developments are playing a significant role in the Australia Electric Motor Market growth.

Australia Electric Motor Market Synopsis

Australia Electric Motor Market witnessed a standard growth in recent years on account of the growing demand for electric motors due to the expansion of industrial activities such as mining, automotive, packaging, power generation, consumer appliances and manufacturing. The market is anticipated to accomplish more growth during the forecast period due to the factors driving its growth.

According to 6Wresearch, Australia Electric Motor Market size is projected to grow at CAGR of 4.4% during 2021-27. The demand for electric motors increased owing to the growth of industries such as mining and construction which grew by 14.2% and 6.0% respectively in 2020. Furthermore, Australian automobile market showed positive signs with a 13% increase in sales compared to Q1 2020, and government regulation to optimize energy consumption are major factors contributing to the growth of the electric motor market in Australia. Further, underpinned by increased demand for HVAC systems from the residential sector and the rising inclination of the automobile industry towards electric vehicles, the demand for electric motors is expected to increase in the upcoming years. These electric motors have an essential role to play in renewable energy generation as well as storage systems, which creates opportunities in the sector. The Australian manufacturing market has been improving automation as well as robotics technologies.

Market Analysis by Products

By motor type, AC motor has the majority of market revenue share in the overall market revenues in 2020 owing to its surging demand in industries for automation and electrification. However, the growing popularity of DC motors due to their high efficiency and wide demand in electric vehicles are likely to drive the DC motor's market revenue size over the coming years. By voltage, the low voltage motor has the majority of market revenue share owing to its wide applicability in consumer electronics products, owing to the rise in online consumer sales, which grew by 25.8% in the year 2020 and the same trend is projected in the coming years, leading to high demand for low voltage motors in the country.

Market by Motor Type

According to Gyan, Senior Research Analyst, 6Wresearch, AC motor has the majority of market revenue share in the overall market revenues in 2020 owing to its surging demand in industries for automation and electrification. However, the growing popularity of DC motors due to their high efficiency and wide demand in electric vehicles are likely to drive the DC motor's market revenue size over the coming years.

Market by Voltage

By voltage, the low voltage motor has the majority of market revenue share owing to its wide applicability in consumer electronics products, owing to the rise in online consumer sales, which grew by 25.8% in the year 2020 and the same trend is projected in the coming years, leading to high demand for low voltage motors in the country.

The COVID-19 Impact on Australia Electric Motor Industry

The spread of COVID-19 in 2020 resulted in turmoil for the industrial sector due to the lockdown measures adopted to curb the spread of the virus, which in turn led to a downfall in product revenue during the pandemic. Although, with the gradual upliftment of lockdown restrictions, sales of electric motors have begun to get back on track as operations in industries and construction resumed, which led the market back to its growth trajectory. The market was affected the most by the pandemic and one of the biggest reasons behind this is that these electric motors are widely used in electric vehicles as well as traditional vehicles and the automotive sector was affected significantly by the pandemic, which brought challenges to the Electric Motor Market in Australia.

Key Players in Australia Electric Motor Market

Some significant players operating in the market include:

• Siemens AG
• ABB Ltd.
• WEG Industries
• Regal Beloit Corporation
• TECO Electric & Machinery Co., Ltd.
• Nidec Motor Corporation.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Australia Electric Motor Market Overview
• Australia Electric Motor Market Outlook
• Australia Electric Motor Market Forecast
• Historical Data and Forecast of Australia Electric Motor Market Revenues for the Period 2017-2027F.
• Historical Market Data and Forecast of Revenues, By Motor Type, for the Period 2017-2027F.
• Historical Market Data and Forecasts of Revenues, By Output, for the Period 2017-2027F.
• Historical Market Data and Forecasts of Revenues, By Voltage, for the Period 2017-2027F.
• Historical Market Data and Forecasts of Revenues, By Industries, for the Period 2017-2027F.
• Market Drivers and Restraints
• Australia Electric Motor Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Australia Electric Motor Market Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Motor Type:

• AC Motor
• DC Motor

By Output:

• Integral
• Fractional

By Voltage

• Low Voltage (0 -1000V)
• Medium Voltage (1000.1V-5000V)
• High Voltage (5000.1V & above)

By Industries

• Industrial Process
• Automotive
• HVAC (Heating, Ventilation, and Air Conditioning Equipment)
• Power Generation
• Consumer Appliances
• Others (Aerospace, Defense, Transport Infrastructure, Agriculture, Wastewater Management)