Report Ocean’s latest report includes detailed research on various market determinants, such as key product launches, regional studies, market demand, government initiatives, etc. In addition, it also described the impact and data of the COVID-19 pandemic on the market with the help of graphs.

In 2020, the global electric vehicle market is worth 1 billion U.S. dollars and is expected to grow to 1 billion U.S. dollars by 2027. During the 2022-2027 forecast period, the market’s compound annual growth rate (CAGR) is %.

Request to download a sample of this strategic report:-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

Global Home Appliance Motor Market Research Report: According to the type (AC motor and DC motor), voltage (up to 50 V, 50 V – 120 V and 120 V), output power (up to 500 W and above) information 500 W), press Application (refrigerators, ovens, washing machines, vacuum cleaners, electric fans, dishwashers, range hoods, tumble dryers, washer dryers and freezers) and by region (North America, Europe, Asia Pacific, Middle East and Africa) and South America)-forecast to 2025

Market analysis Generally speaking, most electric motors are operated by the interaction between the existing electric power and the motor magnetic field in the motor windings to generate force in the form of shaft rotation. Electric motors generate linear or rotational force (torque) to propel certain external structures, such as fans or elevators. Household motors are mainly used in refrigerators, ovens, washing equipment, vacuum cleaners, electric fans, dishwashers and freezers.

Request to download a sample of this strategic report:-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

An electric motor can be defined as a motor that can convert electrical energy into mechanical energy. There are two types of motors for household appliances, namely AC motors and DC motors. Corresponding to the 2019 report of the Japan Refrigeration and Air Conditioning Association, the demand for indoor air conditioners increased from 86.24 million units in 2016 to 96.07 million units in 2018.

The electric motor is the main component in the HVAC system and is used to power the blower to transmit air. The motor drives the compressor to compress the refrigerant and pump water for chilled water and hot water applications. The reasons driving the growth of the home appliance motor market are the increased demand for HVAC in the residential sector and the increase in the affordability of home appliances. HVAC systems in homes can improve health and comfort. The increasing demand for HVAC systems from household appliances is expected to increase the demand for electric motors in HVAC systems in the residential sector.

Download a free sample report, special offer (this report can enjoy a discount of up to 30%-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

Market Segmentation The global electric vehicle market is segmented according to type, voltage, output power, application, and region. As the demand for household appliances increases, the sales of electric motors are also increasing year by year. The demand for home appliances is expected to drive the growth of the home appliance industry. According to the type, the global market is divided into AC motors and DC motors. The global market is subdivided into voltages below 50V, 50V-120V, and above 120V. According to output power, the global market is subdivided into below 500W and above 500W.

Request customization:-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

The company is focusing on improving the provision of improved electrical appliances at low cost, which has found competitive prices among household appliances companies to gain an advantage among the peers. For example, in April 2019, Johnson Electric Holdings Limited (Hong Kong) launched a permanent magnet DC motor for hair dryers, aiming to introduce a cost-effective solution. This type of development is expected to reduce the price of electrical appliances. Such developments are expected to increase the affordability of household appliances. According to the application, the global home appliance motor market has been subdivided into refrigerators, ovens, washing machines, vacuum cleaners, electric fans, dishwashers, range hoods, clothes dryers, clothes dryers and freezers.

Request a discount – https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

Regional analysis Geographically, the global electric vehicle market is divided into North and South America, Europe, Asia Pacific, Middle East and Africa, and other regions of the world. Due to the expansion of the residential sector, the increase in GDP per capita, and the increase in demand for home appliances, the Asia-Pacific region is expected to occupy most of the market share during the forecast period. According to the National Bureau of Statistics of China, the Chinese government has invested US$1.21 billion in residential development. The rapid development of the residential industry is expected to increase the demand for energy from China's household appliances.

Access the full report here:-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

Since electric motors are an important part of household appliances, such developments will increase China's demand for electric motors. In addition, according to a report released by the Indian Brand Equity Foundation in January 2019, the refrigerator market accounted for about 27% of the total consumer appliances in 2017, and the refrigerator market is expected to reach 5.34 billion U.S. dollars by 2022. The demand for refrigerators is expected to increase the demand for electric motors, which are the basic element of household appliances refrigerators. These factors are expected to promote the development of the home appliance motor market in the Asia-Pacific region during the forecast period.

Request the full report-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

The proposed audience of major players in the global electric vehicle market are manufacturers, retailers, distributors, wholesalers, investors and trade experts, governments, associations, industrial institutions, etc. Major companies operating in the global electric vehicle market are focusing on consolidating their global access to untouched markets. Onlookers in the global motor market are expected to include EBM-PAPST (Germany), Nichibo DC Motor (China), Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan), Nidec Motor Corporation (Japan), Cebi Group (Luxembourg)), Germany Chang Electric Holdings Co., Ltd. (Hong Kong), Newmotech Co., Ltd (South Korea), Diehl Stiftung & Co. KG (Germany), Dumore Motors (U.S.), CG Power and Industrial Solutions Limited (India), NMB (U.S.) ), Panasonic Corporation (Japan), Keli Motor Group Co., Ltd. (China), Sanhua Aweco (Germany) and Elica SpA (Italy).

Request the full report-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

Due to the increasing demand of end users for technological advancement, the global market is expected to witness rapid growth. In addition, increased investment in research and development activities, releases, partnerships and other strategic initiatives will benefit the market. In addition, the authorities’ increasing focus on accelerating urbanization and industrialization is expected to drive market growth.

The COVID-19 pandemic has affected almost all industries. Market investment has dropped significantly, mainly in the energy and power sectors. According to estimates by the International Energy Agency, investment in the energy and power sectors is expected to decrease by 10% in 2020 compared with statistics before the pandemic. This shows the state of the global market and the severe challenges faced during the pandemic.

Access the complete report description, TOC, charts, graphs, etc. @https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

The Asia-Pacific market is expected to become a rapidly growing region in the global market. This is due to the increase in demand for energy products and services due to the government's measures to promote urbanization and population growth. In addition, North America is expected to grow rapidly due to the high energy consumption in the region and the technological advancement of the entire industry. Energy consumption in the region has been increasing, mainly in the United States; primary energy consumption is broken down by nuclear power, oil, coal, renewable energy, and natural gas. The oil and gas sector dominates the industry. In the energy structure, oil accounts for about 35% of total consumption, while natural gas accounts for 34%.

Access the full report here:-https://reportocean.com/industry-verticals/sample-request?report_id=MRF162

About Report Ocean: We are the best market research report provider in the industry. Report Ocean believes in providing customers with high-quality reports to meet the highest and lowest goals, which will increase your market share in today's competitive environment. Report Ocean is a "one-stop solution" for individuals, organizations and industries seeking innovative market research reports.

Contact us: Report Ocean: Email: sales@reportocean.com Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611-United States Phone: +1 888 212 3539 (United States-Toll Free) Website: https: // www.reportocean.com/