Market Forecast 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: ETC041095 | Publication Date: Jan 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Spain Electric Motor market currently, in 2023, has witnessed an HHI of 1653, Which has increased slightly as compared to the HHI of 1286 in 2017. The market is moving towards moderately competitive. 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.
In the year 2021, GermanyΒ was the largest exporter in terms of value, followed by China. It has registered a growth of 101.99% over the previous year. While China registered a growth of 33.88% 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, Spain has the Herfindahl index of 1286 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index ofΒ 1529 which signifies moderately concentrated in the market.
SpainΒ Electric Motor Market is projected to grow over the coming year.Β SpainΒ Electric Motor Market report is a part of our periodical regional publicationΒ Europe Electric Motor MarketΒ outlook report.Β 6W tracks electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titledΒ Global Electric Motor MarketΒ outlook report annually.
Spain Electric Motor Market report thoroughly covers market by motor type, 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.
Spain Electric Motor Market Synopsis
Spain Electric Motor Market is expected to project substantial growth during the forecast period on account of rising urbanization. Increasing development of infrastructure along with rising migration towards urban areas beholds the upsurge demand of Electricty further leads to the growth of the market. Additionally, strengthening of automotive industry backed by adoption of electric vehicle is contributing to the growth of the market. Expansion of industrial, commercial and agriculture sector is also adding to the development of electric motor market in Spain.
According to 6Wresearch, Spain Electric Motor Market size is projected to register growth during 2020-2026. Growing population along with upsurge in the demand for electricity beholds the growth of electric motor market in residential sector. Increasing advancement in technology backed by high efficiency of electric motor is driving the development of the market. Moreover, increasing government efforts to shift towards electric scooter and reduce the usage of fossil fuel in order to protect the environment beholds the increasing growth of the market. However, the health emergency due to COVID-19 led to the negative growth of the market. Nationwide lockdown led to the disruption in the supply chain of electric motor market.
Market Analysis by Motor Type
Based on Motor Type, AC Motor segment is expected to lead the market during the forecast period.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Segmentation:
The report provides a detailed analysis of the following market segments:
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 Spain Electric Motor Market Overview |
3.1 Spain Country Macro Economic Indicators |
3.2 Spain Electric Motor Market Revenues & Volume, 2019 & 2026F |
3.3 Spain Electric Motor Market - Industry Life Cycle |
3.4 Spain Electric Motor Market - Porter's Five Forces |
3.5 Spain Electric Motor Market Revenues & Volume Share, By Motor Type, 2019 & 2026F |
3.6 Spain Electric Motor Market Revenues & Volume Share, By Output Power, 2019 & 2026F |
3.7 Spain Electric Motor Market Revenues & Volume Share, By Voltage Range, 2019 & 2026F |
3.8 Spain Electric Motor Market Revenues & Volume Share, By Application, 2019 & 2026F |
3.9 Spain Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2019 & 2026F |
4 Spain Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Spain Electric Motor Market Trends |
6 Spain Electric Motor Market, By Types |
6.1 Spain Electric Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Spain Electric Motor Market Revenues & Volume, By Motor Type, 2016 - 2026F |
6.1.3 Spain Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2016 - 2026F |
6.1.4 Spain Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2016 - 2026F |
6.1.5 Spain Electric Motor Market Revenues & Volume, By Hermetic Motor, 2016 - 2026F |
6.2 Spain Electric Motor Market, By Output Power |
6.2.1 Overview and Analysis |
6.3 Spain Electric Motor Market, By Voltage Range |
6.3.1 Overview and Analysis |
6.3.2 Spain Electric Motor Market Revenues & Volume, By 9 V & Below, 2016 - 2026F |
6.3.3 Spain Electric Motor Market Revenues & Volume, By 10-20 V, 2016 - 2026F |
6.3.4 Spain Electric Motor Market Revenues & Volume, By 21-60 V, 2016 - 2026F |
6.3.5 Spain Electric Motor Market Revenues & Volume, By 60 V & Above, 2016 - 2026F |
6.4 Spain Electric Motor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Spain Electric Motor Market Revenues & Volume, By Industrial machinery, 2016 - 2026F |
6.4.3 Spain Electric Motor Market Revenues & Volume, By Motor vehicles, 2016 - 2026F |
6.4.4 Spain Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2016 - 2026F |
6.4.5 Spain Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2016 - 2026F |
6.4.6 Spain Electric Motor Market Revenues & Volume, By Household appliances, 2016 - 2026F |
6.4.7 Spain Electric Motor Market Revenues & Volume, By Other, 2016 - 2026F |
6.5 Spain Electric Motor Market, By Speed (RPM) |
6.5.1 Overview and Analysis |
6.5.2 Spain Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2016 - 2026F |
6.5.3 Spain Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2016 - 2026F |
6.5.4 Spain Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2016 - 2026F |
6.5.5 Spain Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2016 - 2026F |
7 Spain Electric Motor Market Import-Export Trade Statistics |
7.1 Spain Electric Motor Market Export to Major Countries |
7.2 Spain Electric Motor Market Imports from Major Countries |
8 Spain Electric Motor Market Key Performance Indicators |
9 Spain Electric Motor Market - Opportunity Assessment |
9.1 Spain Electric Motor Market Opportunity Assessment, By Motor Type, 2019 & 2026F |
9.2 Spain Electric Motor Market Opportunity Assessment, By Output Power, 2019 & 2026F |
9.3 Spain Electric Motor Market Opportunity Assessment, By Voltage Range, 2019 & 2026F |
9.4 Spain Electric Motor Market Opportunity Assessment, By Application, 2019 & 2026F |
9.5 Spain Electric Motor Market Opportunity Assessment, By Speed (RPM), 2019 & 2026F |
10 Spain Electric Motor Market - Competitive Landscape |
10.1 Spain Electric Motor Market Revenue Share, By Companies, 2019 |
10.2 Spain Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |