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Electric Motors Household Appliances Market Share

ID: MRFR//6942-CR | 128 Pages | Author: Pradeep Nandi| October 2019

Introduction: Navigating the Competitive Landscape of Electric Motors in Household Appliances

The motors of household appliances are going through a profound transformation. The prevailing competitive momentum is due to the rapid development of technology, the changes in the regulatory framework, and the growing importance of consumers in terms of the environment and efficiency. The major players, including the original equipment manufacturers, the system integrators, and the new AI innovators, are all trying to lead the market with the help of the Internet of Things, the use of artificial intelligence for predictive maintenance, and green building solutions that meet the needs of sustainable development. The players in each category are strategically positioned: the original equipment manufacturers are improving the performance of their products, the system integrators are focusing on seamless interoperability, and the new AI innovators are disrupting the traditional business model with their agile and technology-driven solutions. The growth opportunities are particularly strong in the Asia-Pacific and North American regions, where the strategic deployment of energy-saving and smart home appliances is particularly pronounced. In the future, in order to seize the emerging opportunities, it is necessary to understand these trends.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions encompassing design, manufacturing, and integration of electric motors for household appliances.

VendorCompetitive EdgeSolution FocusRegional Focus
Johnson Electric Holdings Limited Extensive product range and innovation Electric motors and components Global
Nidec Motor Corporation Leading in precision motor technology Electric motors and drive systems Global
Panasonic Corporation Strong brand and diverse technology portfolio Electric motors and home appliances Global

Specialized Technology Vendors

These vendors focus on niche technologies and innovations in electric motor design and efficiency.

VendorCompetitive EdgeSolution FocusRegional Focus
EBM-PAPST Leader in energy-efficient solutions Fans and motors for appliances Europe, Asia, Americas
Nichibo DC Motor Expertise in DC motor technology DC motors for household applications Asia, Global
Sunonwealth Electric Machine Industry Co., Ltd. Innovative cooling and motor solutions Cooling fans and motors Asia, Global

Infrastructure & Equipment Providers

These vendors supply essential components and equipment that support the manufacturing and operation of electric motors.

VendorCompetitive EdgeSolution FocusRegional Focus
Cebi Group Specialization in automotive and appliance components Motor components and systems Europe, Americas
Diehl Stiftung & Co. KG Diverse industrial solutions and expertise Electrical and electronic components Europe, Global
Dumore Motors Custom solutions for specific applications Specialty motors and drives North America
CG Power and Industrial Solutions Limited Strong industrial heritage and reliability Electric motors and power solutions Asia, Africa
NMB Precision engineering and quality Miniature and precision motors Global
Elica S.p.A. Focus on kitchen appliance solutions Motors for kitchen hoods and appliances Europe, Global
Newmotech Co., Ltd. Expertise in small motor technology Small electric motors Asia, Global

Emerging Players & Regional Champions

  • Eco-Drive Motors (USA): The manufacturer of energy-saving motors for household appliances, recently won a contract with a major manufacturer to supply motors for a new series of washing machines, thus competing with the established manufacturers of such appliances by offering lower energy consumption and novel design.
  • GreenTech Motors (Germany) - GreenTech Motors is a sustainable motor manufacturer. It has recently developed a smart motor for a well-known kitchen brand. This smart motor enhances the efficiency and connection of the appliance.
  • SmartSpin Technologies, a manufacturer of brushless DC motors for ceiling fans and other household appliances, has recently entered into a partnership with a local fan manufacturer to produce a new line of smart fans, thus challenging the established motor makers by introducing IoT.
  • The Quiet Power Motor Company (Canada) develops and produces ultra-quiet electric motors for household appliances. Recently it has introduced a line of dishwashers with a local manufacturer. It complements the established suppliers by supplying the sound-sensitive consumers.

Regional Trends: In 2024 the market for electric motors for household appliances is characterised by a strong trend towards energy-efficiency and long-term viability. North America and Europe are increasingly deploying smart technology, while the Asia-Pacific region is dominated by local manufacturers whose focus is on cost-effective and innovative solutions. The integration of IoT and artificial intelligence into motor technology is becoming an important specialism, determining the competition between newcomers and established suppliers.

Collaborations & M&A Movements

  • Whirlpool Corporation and Siemens Home Appliances entered into a partnership to co-develop energy-efficient electric motors aimed at reducing household energy consumption, enhancing their competitive positioning in the eco-friendly appliance segment.
  • Electrolux acquired a minority stake in a startup specializing in smart electric motor technology to integrate advanced automation features into their product line, thereby strengthening their market share in the smart home appliances sector.
  • LG Electronics and Panasonic announced a collaboration to innovate on electric motor designs that improve performance and reduce noise levels in household appliances, positioning both companies as leaders in consumer satisfaction and product quality.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Energy Efficiency Bosch, Whirlpool Bosch has implemented advanced motor technologies that reduce energy consumption by up to 30%, as seen in their latest washing machines. Whirlpool's EcoBoost technology enhances energy efficiency, making their appliances more sustainable.
Smart Connectivity Samsung, LG Samsung's SmartThings platform allows users to control appliances remotely, showcasing strong adoption in smart home integration. LG's ThinQ technology offers AI-driven insights for energy usage, enhancing user experience.
Noise Reduction Miele, Electrolux Miele's innovative motor design minimizes operational noise, making their appliances ideal for quiet environments. Electrolux has developed a range of motors that operate at lower decibel levels, appealing to noise-sensitive consumers.
Durability and Longevity Dyson, Panasonic Dyson's digital motors are known for their robust design, often lasting longer than traditional motors, as evidenced by customer satisfaction surveys. Panasonic emphasizes high-quality materials in their motors, ensuring extended product life.
Sustainability GE Appliances, Siemens GE Appliances has committed to using recycled materials in their motor production, aligning with sustainability goals. Siemens has introduced eco-friendly motors that comply with stringent environmental standards, enhancing their market appeal.

Conclusion: Navigating the Electric Motors Landscape

In 2024 the electric motors and household appliances market will be characterized by intense competition and high fragmentation, and the players will be both the big and small ones. The trend towards energy-saving and sustainable solutions in the regions will lead to a need for innovation and adaptation of the suppliers' products. The big players will be able to differentiate themselves by their brand and distribution network, and the new ones will be able to differentiate themselves by their advanced capabilities, such as artificial intelligence, automation and flexibility. As the market develops, the ability to integrate sustainability into the design and production process will be a key factor for leadership. The suppliers must not only meet the consumers' demands but also be able to stay ahead of the game in the rapidly changing environment.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2023
Forecast Period 2024-2032
Growth Rate 4.60% (2024-2032)
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