Market Size of Separately Excited Motor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.20 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Separately Excited Motor Market Analysis
The Separately Excited Motor Market is expected to register a CAGR of 2.2% over the forecast period (2022-2027). Separately Excited Motors can operate in stable conditions with any field excitation and gives a wide range of output voltage. Also, these motors operate above the base speed in the field-weakening region by reducing the field current independently.
- The separately excited motors have wide application in automobile traction applications. The growing demand for vehicles is likely to create the demand for separately excited motors for automotive traction applications during the forecast period.
- The food, cosmetics, and consumer goods companies are working with paper manufacturers for developing packaging solutions to meet the sustainability goals which is propelling the demand for separately excited motors.
- Furthermore, according to Crisil, rising advertising and subscription revenue, the print media is likely to show a 20% topline growth to INR 27,000 crore next fiscal. Also, ad revenue will rebound as economic activity improves, given their high correlation, while reopening of offices. This is expected to create demand for paper and hence for the paper machines that uses separately excited motors.
- Furthermore, the use of paper machines has helped paper manufacturers in reducing labor charges and service charges, this has increased the adoption of paper machines in paper industry. However, the high cost of motor is hindering the market growth.
- The Covid-19 pandemic has negatively impacted on the market. Due to the pandemic restrictions and supply chain disruption manufacturing industries were shutdown resulting in decrease in demand for separately excited motors across the various industrial applications.
Separately Excited Motor Industry Segmentation
A Separately Excited Motor is a type of DC motor to which the main supply is given separately to the armature and field windings. These motors include some field coils similar to that of shunt-wound type. Separately excited DC motors are often used as actuators in trains and automotive traction applications. The Global Separately Excited Motor Market is segmented By Applications (Paper Machines, Rolling Units, Electric Propulsion of Ships, Automotive Traction Application) and Geography.
Separately Excited Motor Market Size Summary
The separately excited motor market is poised for steady growth, driven by its versatile applications across various industries. These motors are particularly valued for their ability to operate under stable conditions with a wide range of output voltages, making them ideal for automotive traction applications. The increasing demand for vehicles, especially with the rise of electric vehicles, is expected to bolster the market as automotive manufacturers expand their production capacities. Additionally, the food and packaging sectors are contributing to market expansion, as the demand for sustainable packaging solutions propels the use of separately excited motors in paper machinery. Despite the high cost of these motors posing a challenge, the market is witnessing a surge in demand due to technological advancements and the recovery of economic activities post-pandemic.
The market landscape is characterized by a few key players who are actively engaging in product innovation and strategic expansions to enhance their competitive edge. The global market is consolidated, with major companies continuously exploring mergers and acquisitions to strengthen their market position. The growth in merchandise exports and the rapid expansion of the paper industry in regions like Asia Pacific further support the market's upward trajectory. Research and development efforts, such as the modeling of motor speed control using advanced technologies, are also contributing to the market's evolution. As industries recover and expand, the separately excited motor market is expected to experience sustained growth, driven by its critical role in enhancing operational efficiency and meeting increasing demand across sectors.
Separately Excited Motor Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porters Five Force Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of Impact of COVID-19 on the Market
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Separately Excited Motor Market Size FAQs
What is the current Separately Excited Motor Market size?
The Separately Excited Motor Market is projected to register a CAGR of 2.20% during the forecast period (2024-2029)
Who are the key players in Separately Excited Motor Market?
Fuan Liyuan Electric Motor Co. Ltd., Impulse Drives And Motors, Apparatus Repair & Engineering, Inc., Sogears and D&D Motor Systems Inc. are the major companies operating in the Separately Excited Motor Market.
