Electric Motor Market
Description
The electric motor market is estimated to be valued at USD 144.56 Bn in 2025 and is expected to reach USD 236.88 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032. The global electric motor market has witnessed significant growth in recent years due to the faster adoption of energy efficient electric motors across industries. Electric motors find wide applications in Heat ventilation and Air Conditioning (HVAC), industrial machinery, home appliances, and automotive. Increasing focus on energy conservation and stringent regulations regarding carbon emissions are driving the demand for advanced and efficient electric motors globally. Moreover, rapid industrialization and infrastructure development in emerging economies have also boosted the electric motor market growth. However, high initial costs remain a major challenge. Ongoing technological advancements in motor designs to achieve higher efficiencies are expected to unlock new opportunities for market players in the coming years.
Market Dynamics
The global electric motor market is primarily driven by stringent energy efficiency standards and growing demand from industrial sector. Strict regulations regarding carbon footprint reduction and energy conservation are prompting industries to replace conventional motors with high-efficiency electric motors. Rapid industrialization in Asia Pacific and Middle East is a key demand driver as electric motors are essential machineries across manufacturing industries. However, high costs of technologically advanced premium efficiency motors is a major challenge for widespread adoption. Ongoing R&D in motor designs to reduce production costs can help mitigate this restraint. Additionally, increasing focus on renewable energy is opening new avenues. Integrating electric motors with solar Photo Voltaic (PV) systems is expected to gather steam in the coming years.
Key features of the study
Market Dynamics
The global electric motor market is primarily driven by stringent energy efficiency standards and growing demand from industrial sector. Strict regulations regarding carbon footprint reduction and energy conservation are prompting industries to replace conventional motors with high-efficiency electric motors. Rapid industrialization in Asia Pacific and Middle East is a key demand driver as electric motors are essential machineries across manufacturing industries. However, high costs of technologically advanced premium efficiency motors is a major challenge for widespread adoption. Ongoing R&D in motor designs to reduce production costs can help mitigate this restraint. Additionally, increasing focus on renewable energy is opening new avenues. Integrating electric motors with solar Photo Voltaic (PV) systems is expected to gather steam in the coming years.
Key features of the study
- This report provides an in-depth analysis of the global electric motor market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period (2025–2032), considering 2024 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global electric motor market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include is a global leader in innovative motion solutions, headquartered in Hong Kong. The company specializes in providing electromechanical components and systems for a wide range of industries, including automotive, home appliances, healthcare, and industrial automation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global electric motor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric motor market.
- Motor Type Insights (Revenue, USD Bn, 2025 - 2032)
- AC Motor
- DC Motor
- Hermetic Motors
- Voltage Insights (Revenue, USD Bn, 2025 - 2032)
- Up to 1 kV
- 1 kV-6.6 kV
- Above 6.6 kV
- End User Insights (Revenue, USD Bn, 2025 - 2032)
- Industrial
- Commercial
- Residential
- Agriculture
- Transportation
- Regional Insights (Revenue, USD Bn, 2025 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Key Players
- ABB Group
- Allied Motion Technologies, Inc.
- Ametek, Inc.
- Dumore Corp.
- Franklin Electric
- General Electric Company
- Hitachi, Ltd.
- Hyosung Corp.
- Hyundai Electric Co, Ltd.
- Johnson Electric
- Kirloskar Electric Company, Ltd.
- Lincoln Electric Holdings, Inc.
- Nidec Motor Corp.
- Regal Rexnord Corp.
- Robert Bosch GmBH
- Rockwell Automation
- Schneider Electric
- Siemens AG
- Teco Westinghouse
- Toshiba Corp.
- WEG S.A.
Table of Contents
165 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Motor Type
- Market Snippet, By Voltage
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- 4. Global Electric Motor Market, By Motor Type, 2020-2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
- AC Motor
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- DC Motor
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Hermetic Motors
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 5. Global Electric Motor Market, By Voltage, 2020-2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- Segment Trends
- Up to 1 kV
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 1 kV-6.6 kV
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Above 6.6 kV
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 6. Global Electric Motor Market, By End User, 2020-2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Segment Trends
- Industrial
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Commercial
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Residential
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Agriculture
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- Transportation
- Introduction
- Market Size and Forecast, 2020-2032, (USD Bn)
- 7. Global Electric Motor Market, By Region, 2020-2032 (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020-2032
- North America
- Regional Trends
- Market Size and Forecast, By Motor Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Voltage, 2020-2032, (USD Bn)
- Market Size and Forecast, By End User, 2020-2032, (USD Bn)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Motor Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Voltage, 2020-2032, (USD Bn)
- Market Size and Forecast, By End User, 2020-2032, (USD Bn)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Motor Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Voltage, 2020-2032, (USD Bn)
- Market Size and Forecast, By End User, 2020-2032, (USD Bn)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- China
- India
- ASEAN
- Australia
- South Korea
- Japan
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Motor Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Voltage, 2020-2032, (USD Bn)
- Market Size and Forecast, By End User, 2020-2032, (USD Bn)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Motor Type, 2020-2032, (USD Bn)
- Market Size and Forecast, By Voltage, 2020-2032, (USD Bn)
- Market Size and Forecast, By End User, 2020-2032, (USD Bn)
- Market Share Analysis, By Country, 2020 and 2032 (%)
- GCC Countries
- South Africa
- Rest of the Middle East & Africa
- 8. Competitive Landscape
- Company Profiles
- ABB Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Allied Motion Technologies, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Ametek, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Dumore Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Franklin Electric
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- General Electric Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hitachi, Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hyosung Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hyundai Electric Co, Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Johnson Electric
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Kirloskar Electric Company, Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Lincoln Electric Holdings, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Nidec Motor Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Regal Rexnord Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Robert Bosch GmBH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Rockwell Automation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Schneider Electric
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Teco Westinghouse
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Toshiba Corp.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- WEG S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Section
- References
- Research Methodology
- About us and Sales Contact
Pricing
Currency Rates
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