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The Oceania electric motor market size reached approximately USD 1,301.88 million in 2023. The market is projected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of around USD 2,000.47 million by 2032.
Countries in Oceania that include Australia, New Zealand, Papua New Guinea, Fiji, and others are witnessing strong growth in their industrial and manufacturing sector. The Australian government has laid out investment funds to support advanced manufacturing enabling manufacturers to expand their operations, and industrial processes, and use research and development to attain growth in technology. The growing industrial sector further contributes to a greater need for electric motors to power fans, blowers, machine tools, turbines, pumps, power tools, compressors, etc.
Key factors driving the electric motor market in Oceania include rising technological advancements concerning electric motors, rising adoption of electric vehicles, and adoption of consumer appliances that function on electric motors.
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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In 2024, 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 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 2,000.47 million by 2034.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124