The electric motor market - France

The global electric motor market has seen significant fluctuations, notably due to the impact of the COVID-19 pandemic. In 2020, the market contracted by 9.6%, but is expected to rebound with a compound annual growth rate of 7% between 2021 and 2028, with an expected market value of 181.89 billion USD by 2028. The French market reflects this trend, but is poised for a 9% recovery in 2021, returning to pre-pandemic levels. The main drivers of market growth are the boom in the electric vehicle sector, where registrations have increased significantly in France, and the growing demand for energy-efficient electric motors against a backdrop of rising electricity costs.

The sector is also facing regulatory changes, with the introduction of stricter efficiency standards (IE3 or IE4). Major companies such as Siemens, ABB and Schneider Electric continue to dominate the market, while the transition to electric vehicles is opening up opportunities for new entrants and forcing traditional automotive players to adapt and invest in the production of electric motors

changing demand dynamics

Demand for electric motors in the observed market has been significantly influenced by several key trends. One of the main factors driving this demand is the boom in vehicle production, particularly electric vehicles, sales of which have increased considerably. Indeed, sales of electric vehicles have soared by over 150%. This escalation can be linked to the growing environmental awareness of consumers, who are increasingly turning to less polluting products and clean energy solutions.

Rising fuel prices have only added to the appeal of electric vehicles and therefore electric motors. In addition, the growing emphasis on energy efficiency has boosted demand for high-efficiency electric motors. This is partly due to the implementation of strict electricity consumption standards, and to a growing awareness of the need to reduce electricity costs, which are significant in the industrial and tertiary sectors. In France, for example, electricity consumption accounts for 70% and 33% of total energy consumption in the industrial and tertiary sectors respectively.

Electric motors, as core components, are not only relevant in automobiles, but have also found their way into electric urban mobility devices such as scooters, hoverboards and personal vehicles, which have seen explosive growth in sales. The market value of these devices doubled from around 134 million euros to 278 million euros. What's more, industry powerhouses and consumers alike showed an inclination to purchase complete motor solutions rather than stand-alone motors, revealing a preference for integrated, comprehensive offerings.

In terms of figures, the French electric motor market presents optimistic projections where, despite a dip in 2020 due to the pandemic with a drop in sales of over 10%, a rebound of the same magnitude is forecast for the following year. This could potentially return the market to pre-pandemic levels, suggesting resilience and continued interest in the electric motor market. This overview indicates that demand for electric motors is being influenced by a confluence of technological advances, changes in consumer behavior and economic factors. Combined, these elements are precipitating a significant market transformation, heralding a phase of robust growth driven by innovation, environmental considerations and efficiency.

Key players shaping the electric motor market landscape

As the electric motor market continues to expand and evolve, a wide range of companies are vying for leadership in this fast-growing sector. From electrical equipment specialists to diversified industrial equipment suppliers and automotive manufacturers, the market is characterized by a mix of established giants and newcomers.

• Siemens is a giant in the electrical equipment sector. Known for its extensive portfolio of electric motors and related services, Siemens has been instrumental in driving innovation and technological advances in the sector.
• ABB, another heavyweight known for its pioneering solutions in electrification, robotics and motion products. ABB motors are key components in a multitude of applications, exemplifying efficiency and reliability.
• Schneider Electric is a leading name in energy management and automation solutions. Its product range, which includes electric motors, is aimed at industrial efficiency and is at the heart of its broader vision of sustainable energy use.
• Nidec Motor Corporation, a notable player, not only offers a comprehensive range of electric motors, but also prioritizes energy-saving and environmentally-friendly products, aligning itself with global demand for sustainable industrial applications.
• Sew Eurodrive offers a range of drive technologies, including electric motors, and emphasizes the importance of system solutions that improve efficiency and productivity in a multitude of industrial contexts.
• ATB may not have the scale of some of its larger counterparts, but it has carved out a niche in the market by offering a wide range of electric motors for numerous fields and applications.
• Thales and Parker Hannifin fit into the electric motor space with their range of industrial components and systems, many of which incorporate electric motors in their functional design.
• Kohler and Jeumont may vary in their commercial footprints and offerings, but their involvement in the electric motor market testifies to the diversity of applications and sectors for which these motors are intended.
• BMW, Renault and Tesla are at the forefront of electric vehicle innovation. These companies don't just produce cars, they are an integral part of the advancement of electric mobility, a sector in which the electric motor is absolutely central.
• The democratization of electric motors is also paving the way for new entrants, as exemplified by Tesla.

Informations

• Nombre de pages : 30 pages
• Format : Version digitale et PDF
• Dernière mise à jour : 22/11/2021

Sommaire et extraits

Liste des graphiques

• Evolution du chiffre d'affaires du marché des moteurs électriques
• Les différents types de moteurs électriques dans l'industrie
• Evolution du chiffre d'affaires de l'activité liée au code NAF 27.11Z
• Répartition de la production en valeur par catégorie de produit
• Importations et exportations françaises de moteurs et générateurs électriques
• Evolution du parc roulant automobile depuis janvier 2013 (véhicules électriques et hybrides)
• Répartition des consommations par usage dans l'industrie
• Répartition de la consommation d'énergie par type de moteur
• Evolution du nombre d'entreprises dans le secteur de la fabrication de moteurs, génératrices et transformateurs électriques
• Evolution du nombre d'employés dans le secteur de la fabrication de moteurs, génératrices et transformateurs électriques
• Evolution de l'indice de prix de production de l'industrie française pour l'ensemble des marchés pour le code NAF 27.11
• Prix de l'électricité industrielle, par quantité consommée