Electric Motor Rotor Shaft Market Set for 6.4% CAGR Growth, Projected to Hit USD 4.44 billion by 2034 | PMR

The growing acquisition of electric vehicles and the growing demand for energy-efficient motors covering several industries are boosting the electric motor rotor shaft market.

New York, USA, Dec. 10, 2024 (GLOBE NEWSWIRE) — Market Overview

The global electric motor rotor shaft market size is projected to grow from USD 2.24 billion in 2024 to USD 4.44 billion by 2034, at a CAGR of 6.4%, according to a new report by Polaris Market Research.

Rotor shafts are elemental constituents of electric motors for electric vehicles. They transport the mechanical energy created by electromagnetic communication between the rotor and stator to the drive shaft, which sanctions the vehicle to move. Rotor shafts are excessively accountable for the alteration of electrical energy into mechanical action of the drive train. It must be capable of combating accelerated speeds and forces while being made with utmost accuracy to sanction the seamless function of the electric motor.

Download Free Sample PDF Copy of the Report:

https://www.polarismarketresearch.com/industry-analysis/electric-motor-rotor-shaft-market/request-for-sample?utm_source=gnw&utm_medium=gnw&utm_campaign=globe&utm_id=01

Key Insights from the Report

• The market for electric motor rotor shafts is significantly shaped by the nudge toward green energy sources and the electrification of industrial procedures.
• The electric motor rotor shaft market segmentation is mainly based on type, material type, application, end user, and region.
• Based on type, the solid shaft segment is expected to experience the highest CAGR during the forecast period.
• By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Electric Motor Rotor Shaft Market Scope

Market’s Growth Drivers

Amalgamation of Progressive Substances: The amalgamation of progressive substances such as composites and alloys improve shaft longevity and decreases weight, assisting in enhanced motor productivity. The acquisition of such substances is anticipated to surface as a forthcoming trend in the market. Further, the continuing progressions in manufacturing technologies involving accuracy engineering and automation are contributing to the electric motor rotor shaft market growth.

Acquisition of Progressive Composites: Manufacturers are growingly embracing progressive composites, elevated strength alloys, and carbon fiber to decrease the weight of rotor shafts. Demand for more green motors is surging globally, especially in electric vehicles, as motors assist in decreasing the comprehensive weight, which can cause notable energy savings and expanded battery life.

Growing Usage of Industry 4.0 Concepts: Industry 4.0 notions such as IOT, AI, and data analytics are being used to maximize production procedures, enhance quality regulation, and decrease manufacturing prices. These technologies sanction real-time observation and prophetic sustenance of rotor shafts, sanctioning consonant performance and durability.

Request for a Discount on this Report Before Purchase:

https://www.polarismarketresearch.com/industry-analysis/electric-motor-rotor-shaft-market/request-for-discount-pricing?utm_source=gnw&utm_medium=gnw&utm_campaign=globe&utm_id=01

List of Electric Motor Rotor Shaft Market Key Players

• Siemens AG
• Bosch Rexroth AG
• ABB Ltd.
• General Electric (GE)
• Schneider Electric
• Mitsubishi Electric
• Nidec Corporation
• Emerson Electric Co.
• SKF Group
• Timken Company
• Parker Hannifin
• Eaton Corporation

Geographical Analysis

Asia Pacific accounted for the largest electric motor rotor shaft market share owing to the region’s robust industrial foundation, speedy urbanization, and notable existence of automotive manufacturing centers in nations such as China, Japan, and South Korea. The region’s authority in EV generation and acquisition, together with its growing concentration on green energy, pushes its dominance.

Europe is also expected to grow at the highest CAGR during the forecast period. This is primarily because of its robust concentration on eco-friendly and progressive manufacturing technologies. The region’s automotive industry, especially in Germany, is a prominent propeller of the demand with an escalating concentration on EVs and hybrid systems. European nations are also at the vanguard of industrial automation and green energy acquisition additionally pushing the requirement for elevated presentation electric motors and constituents such as rotor shafts.

Inquire more about this report before purchase:

https://www.polarismarketresearch.com/industry-analysis/electric-motor-rotor-shaft-market/inquire-before-buying?utm_source=gnw&utm_medium=gnw&utm_campaign=globe&utm_id=01

Market Segmentation

By Type Outlook

• Solid Shaft
• Hollow Shaft
• Stepped Shaft
• Others

By Material Type Outlook

• Steel
• Aluminum
• Composite
• Others

By Application Outlook

• Industrial Machinery
• Automotive Sector
• Appliances
• Others

By End User Outlook

• OEMs
• Aftermarket

By Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Browse More Research Reports:

Restaurant Point-of-Sale (POS) Terminals Market 

Probiotics Market

Omega 3 Market

Prebiotic Ingredient Market

Specialty Food Ingredients Market

About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter