Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Competitive Landscape

In Oceania, the electric motor market is characterised by intense competition, with a significant presence of both global and local players vying for market share.

 

Company Name Year Founded Headquarters Products/Services
TECO Electric & Machinery Co., Ltd. 1956 Taipei, Taiwan NEMA motors, IE4 efficiency explosion-proof motors, cutting-edge IE5 motors (GB1 motors), etc.
WEG S.A. 1961 Jaraguá do Sul, Brazil Electric motors: Single-Phase, Three-Phase Low Voltage, Three-Phase High Voltage, Synchronous Motors, and Wound Rotor Induction Motors.
Others: Gearboxes, automation technologies, and power generation equipment.
Regal Rexnord Corporation 1955 Wisconsin, United States Electric motors: AC motors - NEMA, AC motors - IEC, DC motors, gear motors, HVAC/R motors, and motor accessories.
ABB Ltd. 1988 Zurich, Switzerland Electric motors high-voltage induction motors, IEC low-voltage motors, motors and generators designed for use in explosive atmospheres, etc.

 

Other key players in the Oceania electric motor market include Emerson Electric Co., Nidec Corporation, General Electric Company, and Toshiba International Corporation, among others.

 

Oceania Electric Motor Market Report Snapshots

Oceania Electric Motor Market Size

Oceania Electric Motor Market Trends

Oceania Electric Motor Market Analysis

Oceania Electric Motor Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2023, the Oceania electric motor market reached an approximate value of USD 1,301.88 million.

The market is expected to grow at a CAGR of 4.9% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2,000.47 million by 2032.

Electric motors operate by the interaction between electric current in a wire winding and the motor's magnetic field to generate a torque that is applied on the motor's shaft.

An electric motor is a device designed to convert electrical energy into mechanical energy.

The major drivers of the market include governmental policies to boost EV use, rising investment in home appliances, and the use of HVAC systems.

Key trends aiding market expansion include the technological advancement of electric motors, the adoption of electric vehicles, and the transition toward renewable energy.

The major applications of the product include residential and commercial, mobility, and industrial, among others.

The major countries include Australia, New Zealand, Papua New Guinea, and Fiji, among others.

The prominent players in the market are TECO Electric & Machinery Co., Ltd., WEG S.A., Regal Rexnord Corporation, ABB Ltd., Emerson Electric Co., Nidec Corporation, General Electric Company, and Toshiba International Corporation, among others.

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