Brazil Electric Motor Market (2024-2030) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook
Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), 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: ETC041083 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil Electric Motor Market Competition 2023
Brazil Electric Motor market currently, in 2023, has witnessed an HHI of 3117, Which has decreased moderately as compared to the HHI of 3168 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Brazil Export Potential Assessment For Electric Motor Market (Values in USD Thousand)
Topics Covered in the Brazil Electric Motor Market
Brazil Electric Motor Market report thoroughly covers the market 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.
Brazil Electric Motor Market Synopsis
Brazil Electric Motor Market is dynamic, with a flurry of activity driven by multiple factors. Electric motors have revolutionized multiple industries worldwide. This South American country is one of the world's fastest-growing economies, and this trend has translated into a robust manufacturing sector where electric motors are a crucial component.
According to 6Wresearch, the Brazil Electric Motor Market size is witnessing growth with expected CAGR of 5.7% during the forecast period of 2024-2030. Several factors drive the Brazil electric motor market growth. These include the government's support for renewable energy and energy efficiency initiatives, resulting from the country's commitment to the Paris agreement on climate change. Additionally, a focus on industrialization and urbanization has seen country’s manufacturing sector grow and diversify, providing a market for electric motors. Furthermore, the country has a large automobile industry, which accounts for a significant percentage of the demand for electric motors. Despite the growth prospects, the Brazil electric motor market faces challenges such as high import tariffs on products. This makes it challenging for international manufacturers to compete with domestic manufacturers. Apart from this, the shift to electric mobility is a significant trend in Brazil electric motor industry. The government has a goal of having an all-electric fleet by 2060, and this has necessitated the development of electric cars and related infrastructure. The demand for brushless DC motors, centrifugal pumps, and servo drives has risen, reflecting the shift to electric mobility. The Brazil electric motor market presents numerous opportunities for both local and foreign businesses. The country has a large manufacturing sector that requires electric motors for various applications, ranging from automobiles to HVAC systems. Furthermore, the push for renewable energy has resulted in a demand for electric motors for use in hydroelectric, wind, and solar energy.
Government policies and schemes introduced in the Brazil Electric Motor Market
In recent years, the government has implemented policies to support renewable energy. In 2019, it introduced the National Biofuel Policy (RenovaBio) aimed at promoting efficiency in the production and use of biofuels. In addition, there are tax incentives for electric vehicles, low-carbon fuels, and solar power generation. One of the programs that focus on the electric motor industry is the InovarAuto program. It aims to regulate the automotive industry in Brazil to ensure that it can compete on the global platform.
Leading players in the Brazil Electric Motor Market
The Brazil electric motor market is highly competitive, and there are several players dominating the market. These players differ in terms of their products, technology, and market share. The leading players in the Brazilian electric motor market are WEG, Siemens, and ABB. WEG is a Brazilian company and the market leader in the electric motor industry. Siemens and ABB are European companies that have established a presence in Brazil's electric motor market. With their global experience and expertise, they are significant challengers to WEG's market dominance.
Market Analysis by Motor Type
By Motor Type, AC Motors dominates the Brazil Electric Motor Market Share, however, DC Motors are expected to witness significant growth in the coming years. Hermetic Motors, which are mainly used in refrigeration systems, have a limited market size.
Market Analysis by Voltage Range
According to Parth, Senior Research Analyst, 6Wresearch, Motors in the 21-60V range have the highest demand and are commonly used in residential and commercial applications. However, the market for motors below 9V has grown significantly in recent years due to the increased demand for battery-operated devices.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Brazil Electric Motor Market Outlook
- Market Size of Brazil Electric Motor Market, 2023
- Forecast of Brazil Electric Motor Market, 2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume for the Period 2020-2030
- Brazil Electric Motor Market Trend Evolution
- Brazil Electric Motor Market Drivers and Challenges
- Brazil Electric Motor Market Price Trends
- Brazil Electric Motor Market Porter's Five Forces
- Brazil Electric Motor Market Industry Life Cycle
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Heating for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Ventilating for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Cooling (HVAC) Equipment for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Aerospace & Transportation for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By (Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
- Brazil Electric Motor Market Import Export Trade Statistics
- Market Opportunity Assessment By Motor Types
- Market Opportunity Assessment By Voltage Range
- Market Opportunity Assessment By Applications
- Market Opportunity Assessment By Speed
- Brazil Electric Motor Market Top Companies Market Share
- Brazil Electric Motor Market Competitive Benchmarking By Motor Types , voltage Range, Application and Speed
- Brazil Electric Motor Market Company Profiles
- Brazil Electric Motor Market Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Motor Type
- Alternate Current (AC) Motor
- Direct Current (DC) Motor
- Hermetic Motor
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
- 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)
Brazil Electric Motor Market (2024-2030): FAQs
Brazil Electric Motor Market is anticipated to project substantial growth during the upcoming period on account of continuous advancement of technology.
Some significant players running their businesses in Electric Motor Market in Brazil include Siemens AG, ABB Ltd., Nidec Corporation, Toshiba Corporation, Regal Beloit Corporation, GE Company (GE Energy Power Conversion, Baldor Electric Company Inc., and Marathon Electric.
Rising development in construction sector backed by strengthening of infrastructure beholds the increasing growth of Electric Motor market.
On the basis of Motor type, the AC motor segment registered the highest growth during the upcoming years followed by DC motor.
| 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 Brazil Electric Motor Market Overview |
| 3.1 Brazil Country Macro Economic Indicators |
| 3.2 Brazil Electric Motor Market Revenues & Volume, 2020 & 2030F |
| 3.3 Brazil Electric Motor Market - Industry Life Cycle |
| 3.4 Brazil Electric Motor Market - Porter's Five Forces |
| 3.5 Brazil Electric Motor Market Revenues & Volume Share, By Motor Type, 2020 & 2030F |
| 3.6 Brazil Electric Motor Market Revenues & Volume Share, By Voltage Range, 2020 & 2030F |
| 3.7 Brazil Electric Motor Market Revenues & Volume Share, By Application, 2020 & 2030F |
| 3.8 Brazil Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2020 & 2030F |
| 4 Brazil Electric Motor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Brazil Electric Motor Market Trends |
| 6 Brazil Electric Motor Market, By Types |
| 6.1 Brazil Electric Motor Market, By Motor Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Brazil Electric Motor Market Revenues & Volume, By Motor Type, 2020 - 2030F |
| 6.1.3 Brazil Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2020 - 2030F |
| 6.1.4 Brazil Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2020 - 2030F |
| 6.1.5 Brazil Electric Motor Market Revenues & Volume, By Hermetic Motor, 2020 - 2030F |
| 6.2 Brazil Electric Motor Market, By Voltage Range |
| 6.2.1 Overview and Analysis |
| 6.2.2 Brazil Electric Motor Market Revenues & Volume, By 9 V & Below, 2020 - 2030F |
| 6.2.3 Brazil Electric Motor Market Revenues & Volume, By 10-20 V, 2020 - 2030F |
| 6.2.4 Brazil Electric Motor Market Revenues & Volume, By 21-60 V, 2020 - 2030F |
| 6.2.5 Brazil Electric Motor Market Revenues & Volume, By 60 V & Above, 2020 - 2030F |
| 6.3 Brazil Electric Motor Market, By Application |
| 6.3.1 Overview and Analysis |
| 6.3.2 Brazil Electric Motor Market Revenues & Volume, By Industrial machinery, 2020 - 2030F |
| 6.3.3 Brazil Electric Motor Market Revenues & Volume, By Motor vehicles, 2020 - 2030F |
| 6.3.4 Brazil Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2020 - 2030F |
| 6.3.5 Brazil Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2020 - 2030F |
| 6.3.6 Brazil Electric Motor Market Revenues & Volume, By Household appliances, 2020 - 2030F |
| 6.3.7 Brazil Electric Motor Market Revenues & Volume, By Other, 2020 - 2030F |
| 6.4 Brazil Electric Motor Market, By Speed (RPM) |
| 6.4.1 Overview and Analysis |
| 6.4.2 Brazil Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2020 - 2030F |
| 6.4.3 Brazil Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2020 - 2030F |
| 6.4.4 Brazil Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2020 - 2030F |
| 6.4.5 Brazil Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2020 - 2030F |
| 7 Brazil Electric Motor Market Import-Export Trade Statistics |
| 7.1 Brazil Electric Motor Market Export to Major Countries |
| 7.2 Brazil Electric Motor Market Imports from Major Countries |
| 8 Brazil Electric Motor Market Key Performance Indicators |
| 9 Brazil Electric Motor Market - Opportunity Assessment |
| 9.1 Brazil Electric Motor Market Opportunity Assessment, By Motor Type, 2020 & 2030F |
| 9.2 Brazil Electric Motor Market Opportunity Assessment, By Voltage Range, 2020 & 2030F |
| 9.3 Brazil Electric Motor Market Opportunity Assessment, By Application, 2020 & 2030F |
| 9.4 Brazil Electric Motor Market Opportunity Assessment, By Speed (RPM), 2020 & 2030F |
| 10 Brazil Electric Motor Market - Competitive Landscape |
| 10.1 Brazil Electric Motor Market Revenue Share, By Companies, 2023 |
| 10.2 Brazil Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), 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: ETC041083 | Publication Date: Jan 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Brazil Electric Motor Market | Country-Wise Share and Competition Analysis
In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 30.02% over the previous year. While Germany registered a growth of 0.47% as compare to the previous year. In the year 2017 China was the largest exporter followed by Germany. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Brazil has the Herfindahl index of 3175 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 4730 which signifies high concentration in the market.
Brazil Electric Motor Market - Export Market Opportunities
Brazil Electric Motor Market is projected to grow over the coming year. Brazil Electric Motor Market report is a part of our periodical regional publication Latin America Electric Motor Market outlook report. 6W tracks electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Electric Motor Market outlook report annually.
Brazil Electric Motor Market report thoroughly covers market by motor type, output power, speed, voltage and application. 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.
Brazil Electric Motor Market Synopsis
Brazil Electric Motor Market is anticipated to project substantial growth during the upcoming period on account of continuous advancement of technology. Rising development in construction sector backed by strengthening of infrastructure beholds the increasing growth of Electric Motor market. Rising standard of living along with increasing disposable income beholds the growth of the market. Increasing penetration towards alleviation of fossil fuels drives the growth of the electric motor market.
According to 6Wresearch, Brazil Electric Motor Market size is projected to register growth during 2020-2026. The rising demand for high quality machinery beholds the increasing growth of the electric motor market. Increasing penetration towards environment friendly sources of energy is adding to the growth of the market. However, initial investment is still a restraining factor in the development of the market. The health emergency due to the outbreak of COVID-19 negatively impacted the growth of the market due to the shutting down of manufacturing units. Nationwide lockdown led to the disruption in supply chain backed by restriction on movement of goods.
Market Analysis by Motor Type
On the basis of Motor type, the AC motor segment registered the highest growth during the upcoming years followed by DC motor.
Market Analysis by Speed
According to Dhaval, Research Manager, 6Wresearch, the high-speed segment accounted the largest share on account of increasing usage.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Brazil Electric Motor Market Outlook
- Market Size of Brazil Electric Motor Market, 2019
- Forecast of Brazil Electric Motor Market, 2026
- Historical Data and Forecast of Brazil Electric Motor Revenues & Volume for the Period 2016 - 2026
- Brazil Electric Motor Market Trend Evolution
- Brazil Electric Motor Market Drivers and Challenges
- Brazil Electric Motor Price Trends
- Brazil Electric Motor Porter's Five Forces
- Brazil Electric Motor Industry Life Cycle
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor Type for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Voltage Range for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 10-20 V for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 21-60 V for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Application for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Household appliances for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Other for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2016 - 2026
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2016 - 2026
- Brazil Electric Motor Import Export Trade Statistics
- Market Opportunity Assessment By Motor Type
- Market Opportunity Assessment By Voltage Range
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Speed (RPM)
- Brazil Electric Motor Top Companies Market Share
- Brazil Electric Motor Competitive Benchmarking By Technical and Operational Parameters
- Brazil Electric Motor Company Profiles
- Brazil Electric Motor Key Strategic Recommendations
Market Segmentation:
The report provides a detailed analysis of the following market segments:
-
By Motor Type
- Alternate Current (AC) Motor
- Direct Current (DC) Motor
- Hermetic Motor
-
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)
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- Global License$ 3,795
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