Electric Motor for Household Appliances Market Size, Share & Trends Analysis Report By Type (AC Motors, DC Motors), By Voltage (Up to 50 V, Above 120 V, 50 V-120V), By Applications (Refrigerator, Oven, Washing Machine, Vacuum Cleaner, Electric Fan, Dishwasher, Range Hood, Tumble Dryer, Wash Dryer, Freezer) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global electric motor for household appliances market size was valued at USD 6.84 billion in 2023. It is expected to reach USD 11.50 billion in 2032, growing at a CAGR of 5.95% over the forecast period (2024-32). The increasing disposable income and improving living standards in developing countries are leading to higher demand for household appliances such as washing machines, refrigerators, air conditioners, and vacuum cleaners. This surge in demand directly drives the need for electric motors, which are essential components of these appliances.

Electric motors are commonly found in home appliances such as refrigerators, ovens, washing machines, vacuum cleaners, electric fans, dishwashers, and freezers. Other typical applications include vacuum cleaners and electric fans. The research looked at two electric motors often found in home appliances: alternating (AC) and direct (DC) motors. Several variables contribute to the rapidly expanding demand for electric motors for home appliances. Two contributing aspects are the demand for HVAC applications in the residential sector and the rising affordability of household appliances.

Top 4 Key Highlights

• The AC motor segment is the major contributor to the market by type.
• The Up to 50 V segment is the major contributor to the market by voltage.
• The refrigerator segment is the major contributor to the market by application.
• Asia-Pacific is the most significant revenue contributor by region.

Market Dynamics

Market Drivers

Growing HVAC Demand in the Residential Sector

In both residential and commercial structures, the HVAC system is employed to preserve the comfort and safety of the building's occupants. The HVAC system is used to improve interior air quality and to prevent chilling and sweltering. Residential HVAC systems enhance comfort and health. Electric motor demand for HVAC systems in the residential sector is anticipated to rise with the growing demand for HVAC systems in home appliances. The blower used to transport air is powered by the electric motor, which is the central part of the HVAC system. The motor powers the compressors, which compress the refrigerant and pumps water for chilled and hot water applications.

Additionally, brushless DC motors are frequently utilized in HVAC applications and have integrated drives and controls. Furthermore, 63% of motor-driven energy use in the residential sector was accounted for by HVAC applications, per the US Department of Energy. Additionally, China contributed 42.150 million units of room air conditioner systems in 2018, which is approximately close to 45% of the worldwide market, according to the Japan Refrigeration and Air Conditioning Association Report 2019. The HVAC has several benefits and uses in domestic settings.

Market Restraint

Availability of Fraudulent Goods

An efficient electric motor uses less energy, costs less to operate, uses less energy to heat the motor, and lasts a long time. Generally speaking, 85% of efficient electric motors use 85% of the electrical power for mechanical energy and the remaining 5% to increase the motor's temperature. Electric motors are efficient because they use cutting-edge insulating, magnetic, and bearing technologies. By 2030, the adoption of efficient engines can reduce electricity consumption by around 300 TWh annually, according to the 2017 UNEP Report.

However, the high price of efficient electric motors significantly increases the demand for cost-effective alternatives. This causes the production and selling of fake goods, which are less effective and more affordable than tangible goods. Also, their entire cost is ultimately reduced because of the poor manufacturing, low-quality materials, and poor designs used in counterfeit products.

Market Opportunities

High-Performance and Advanced Household Appliances

According to World Bank, the global economy grew by about 4% in 2019 compared to 2018; by 2020–21, it was predicted to grow by 4.6%. The expansion of the economy has given people more money to spend. With greater purchasing power, people now favor smart home products. Manufacturers fiercely compete to provide highly modern, high-performance household appliances due to the rising demand for smart home appliances. For example, Johnson Electric (Hong Kong) unveiled new BLDC motors in June 2019 with advanced ERP ratings and complete compliance with regulatory standards for ventilation applications, providing additional design options for the finished product.

Modern home appliances save time and effort while providing better home care. Furthermore, these devices assist in lowering consumers' electricity costs. The use of electricity is reduced by 20% to 30% due to modern HVAC systems. Additionally, it is anticipated that the emergence of IoT (Internet of Things) enabled home appliances would change their application and ramifications. Using sensors, software, the internet, and control devices, for instance, the IoT-based home automation system will allow users to operate and use household equipment like fans, lighting, and HVAC systems.

Regional Analysis

The global electric motor for household appliances market is divided into four regions Europe, Asia-Pacific, North America, and LAMEA. 

Asia-Pacific is the most significant revenue contributor and is expected to exhibit a CAGR of 5.50% during the forecast period. The growth of residential sectors, an increase in per capita GDP, and a rise in the demand for home appliances are all likely to contribute to Asia-Pacific is one of the world's most important markets for electric motors for appliances. In China, the demand for energy in home appliances is anticipated to rise due to the residential sector's rapid development. The need for electric motors in China will increase because these improvements are crucial for household appliances.

Europe is expected to exhibit a CAGR of 5.10% during the forecast period. The market for electric motors for home appliances is increasing in Europe, one of the major regional markets for these products. This is due to the region's growing need for devices and the affordability of that equipment. Nidec Motor Corporation (Japan) and Cebi Group are a few businesses active in the market for electric motors for home appliances (Luxembourg). Nidec Motor Corporation purchased Secop Group (Germany) in April 2017, which allowed it to rise to the top of the European household refrigeration compressor market. Such improvements highlight the region's need for modernized home equipment. As a result, these gadgets require more electric motors.

In North America, the demand for HVAC applications in the residential sector and the increased affordability of household appliances, one of the major regional markets for electric motors for household appliances, are driving the market's expansion. This indicates that North America has a significant demand for home appliances. This has led to increased production and assembly of electric motors for these products to meet consumer demand. Additionally, it increases demand for technologically advanced electric motors for household goods, including electric fans, washers, dryers, and freezers. These elements are anticipated to fuel the market for electric motors for home appliances in North America.

Due to the rising demand for home appliances in the residential sector and the low cost of household appliances, the Middle East and Africa are among the top geographical markets for electric motors. A new heating, ventilation, and air conditioning (HVAC) system with a broad capacity range and greater efficiency was introduced in July 2017 by Carrier Corporation (US) for consumers in the Middle East. Electric motor production and assembly for HVAC applications in the home market have increased. Additionally, more people can afford home appliances due to increased GDP and per capita income.

Segmental Analysis

The global electric motor for household appliances market is segmented by type, voltage, and application.

The global electric motor for household appliances market is bifurcated based on type into AC motors and DC motors. The AC motor segment is the major contributor to the market and is estimated to exhibit a CAGR of 5.10% during the forecast period. AC motors are powered by an AC power supply, which energizes the motor's pairs of alternating electromagnetic coils to cause rotation in the engine. AC motors are lighter than other motor types on the market, so there is a great demand for them in home appliances. This is mainly caused by the fact that a device with a lighter motor will be more lightweight overall. Additionally, the weight of an instrument affects the end consumers' purchasing choices. Refrigerators, fans, and washing machines are just a few domestic products that use AC motors.

Single-use and rechargeable batteries are among the DC power supply sources used to power DC motors. Compared to other types of motors, DC motors provide several benefits, such as quieter operation and reduced heat generation. These characteristics drive the need for DC motors for home appliances. Additionally, the market is anticipated to rise due to the development of brushless DC motors, which have a longer lifespan than AC motors. Most households receive AC electricity, and the electrical appliances are equipped with inverters that change the AC energy into direct current (DC) to power the appliances' DC motors. Vacuum cleaners, ovens, and range hoods are standard devices that use DC motors.

Based on voltage, the global electric motor for household appliances market is bifurcated into Up to 50 V, Above 120 V, and 50 V-120V. The Up to 50 V segment is the major contributor to the market and is estimated to exhibit a CAGR of 4.30% during the forecast period. The sector focuses on home appliances that use electric motors with a maximum voltage rating of 50 V. Electric fans, washer dryers, and range hoods are just a few of the powerful electric motors for home appliances included in this sector. Electric fans can be driven by electric motors in the up to 50 V segment, while bigger home appliances like refrigerators and clothes dryers can also use them to serve auxiliary operations.

The sector deals with electric motors accepting input voltages between 50 and 120 volts. Refrigerators, tumble dryers, and dishwashers are just a few of the prominent electric motors for home appliances discussed in this part. Based on their design, the 50–120 V engines span a broad spectrum, including shaded poles and brushless motors. The category is anticipated to experience significant expansion over the forecast time, mainly due to the growing use of brushless motors in home appliances due to their long lifespan.

Electric motors with voltages above 120 V are included in the section. Ovens, dishwashers, and vacuum cleaners are a few of the primary electric motors for home appliances included in the 120 V sector above. During the projected period, the above 120 V category is anticipated to experience significant expansion, primarily due to the rising demand for home appliances in developing nations like China and India. Elica S.p.A. (Italy), Newmotech Co. Ltd. (South Korea), and Dumore Motors are the principal suppliers of electric motors for home appliances with voltages above 120 V. (US).

Based on application, the global electric motor for household appliances market is bifurcated into the refrigerator, oven, washing machine, vacuum cleaner, electric fan, dishwasher, range hood, tumble dryer, wash dryer, and freezer. The refrigerator segment is the major contributor to the market and is estimated to grow at a CAGR of 5.70% during the forecast period. A refrigerator comprises a thermally insulated compartment and a heat pump that moves heat from the refrigerator's interior to the outside air to maintain a cool interior temperature. Brushless DC motors (BLDC), which are more dependable, effective, and quiet than others, are utilized in freezers. Unlike induction motors, BLDC motors generate less heat, resulting in less electrical energy being lost. This increases the motor's effectiveness. These motors are robust, have greater speed ranges, and have more dynamic responses. They are appropriate for high-speed applications requiring 10,000 rpm and above and offer superior speed control features.

Cooking is the primary function of ovens, which are thermally insulated spaces. Ovens employ electric motors to produce heat and distribute it around the stove. Ranges are chosen based on their size and intended use, and they can run on either AC or DC motors. For instance, brushless DC motors are frequently selected over traditional AC motors because of compactness, precise speed control, and efficiency. The interior volume of the oven can be enlarged without changing its external dimensions by substituting brushless DC motors for the hot air circulation motor in the oven's rear and the heat exhaust blower/motor in the ceiling. Therefore, depending on the electric motor choice, the oven's size can be significantly lowered while its uses are expanded.

A washing machine is an appliance typically seen in homes for washing clothes. Washing machines are divided into semi-automatic and fully automatic, based on how they operate. The motor is programmed to operate in each category. The use of universal motors in washing machines enables them to function with both AC and DC supply sources. Universal motors are small in size, light in weight, and have a high starting torque. They can handle up to 1000 watts of power. Additionally, shaded-pole motors are utilized in washing machines to generate a significant amount of torque during the spin cycle.

Vacuum cleaners collect dirt and dust from surfaces such as carpets, upholstered furniture, and draperies. They are home appliances that run on electricity. Vacuum cleaners use universal motors in a series DC motor to function with AC and DC supply systems. Universal motors are lightweight, operate at high speeds, and have a strong starting torque. Most vacuum cleaner electric motors require 7 to 12 amps (amps) of current from the electrical power supply for a residential outlet. Internal radial clearance is utilized to meet the demands of high speed and minimal vibration in vacuum cleaners to enhance operational capabilities.

A dishwasher is a device that uses a high-pressure water spray to clean dishes and cutlery. It is powered by an electric pump that circulates water to clean silverware, crockery, and utensils. Most home dishwashers need 115-volt power lines, while some come with power cords that can be plugged into standard wall outlets. D dishwashers use high-voltage DC motors to power the circulation and drain pumps. Dishwashers also use inverter direct drive motors because they offer substantial speed control, water, and energy savings, durable mechanical construction, and spray intensity optimization for excellent energy efficiency results.

Recent Developments

• January 2024 - Samsung Electronics and Hyundai Motor Group announced a partnership to enable linked cars, including electric vehicles (EVs), on the SmartThings platform. The firms announced their intention to develop solutions for future lifestyles that fully integrate connected cars and smart homes after signing a Memorandum of Understanding (MOU) on January 3.
• December 2023 - Leading provider of cutting-edge semiconductor solutions, Renesas Electronics Corporation (TSE:6723), unveiled a line of motor driver integrated circuits (ICs) today for brushless DC (BLDC) motor applications. The devices use innovative, patent-pending technologies from Renesas that allow motors without sensors to provide maximum torque at zero speed—an industry first.