Electric Motor Market, By Motor Type (AC Motor, DC Motor, and Hermetic Motors), By Voltage (Up to 1 kV, 1 kV-6.6 kV, and Above 6.6 kV), By End User (Industrial, Commercial, Residential, Agriculture, and Transportation), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5452

Pages :165

Formats :

Excel and PDF

Industry : Information and Communication Technology

Key Developments

In July 2023, General Electric Vernova's Solar & Storage Solutions teamed up with Fortune Electric is a leading company specializing in electrical engineering and manufacturing. to create Battery Energy Storage Solutions (BESS) in Taiwan. The aim is to utilize electric motors within the storage system to regulate energy flow, manage battery charging and discharging, and ensure seamless integration of stored energy.
In May 2023, ABB Limited is a global leader in technology, providing a wide range of products, systems, and services for various industries. announced the acquisition of Siemens' low voltage NEMA motor business. This acquisition will bolster ABB Limited's position as a manufacturer of NEMA motors and expand its offerings in the NEMA motor industry.
In August 2022, Johnson Electric Holdings Limited is a global leader in electric motors, motion subsystems, and related technologies. introduced a steering wheel adjuster motor. This electric motor allows drivers to adjust their steering wheel for a more comfortable driving position.
In August 2022, Siemens is a global powerhouse in diversified technology and engineering partnered with MAHLE is a global automotive supplier headquartered in Stuttgart, Germany, specializing in engine components, filtration systems, and thermal management solutions. to develop an inductive charging system for electric vehicles, which includes electric motor components. This collaboration also involved establishing standardized procedures to ensure compatibility between the charging infrastructure and electric vehicles.
In May 2022, Allied Motion Technologies Inc. is a global company specializing in motion control solutions and technologies. acquired ThinGap is a leading company specializing in advanced motor and generator technologies. to enhance its motion capabilities and provide integrated motion solutions. The acquisition of ThinGap's motor expanded Allied Motion's product offerings in the electric motor market.