• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Electric Motors Market

    ID: MRFR/E&P/1753-CR
    128 Pages
    Chitranshi Jaiswal
    June 2024

    Electric Motor Market Sales Research Report Information By Product Type (AC Motors, DC Motors, and Hermetic Motors), By Application Type (Aerospace & Transportation, Industrial Machinery, Motor Vehicles, HVAC Equipment, Household Appliances, and Others), By Power Output (Integral HP Output and Fractional HP Output), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Electric Motors Market Infographic
    Purchase Options

    Electric Motors Market Summary

    As per MRFR analysis, The Global Electric Motor was estimated at 150.0 USD Billion in 2024. The electric motor industry is projected to grow from 159.17 USD Billion in 2025 to 288.07 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.11 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Global Electric Motor is poised for substantial growth driven by sustainability and technological advancements.

    • North America remains the largest market for electric motors, driven by industrial automation and renewable energy initiatives.
    • Asia-Pacific is recognized as the fastest-growing region, reflecting a surge in electrification of transportation and HVAC equipment demand.
    • AC motors dominate the market, while DC motors are experiencing rapid growth due to their efficiency and versatility in applications.
    • Key market drivers include a strong sustainability focus and the ongoing electrification of transportation, which are reshaping industry dynamics.

    Market Size & Forecast

    2024 Market Size 150.0 (USD Billion)
    2035 Market Size 288.07 (USD Billion)
    CAGR (2025 - 2035) 6.11%

    Major Players

    Siemens (DE), General Electric (US), ABB (CH), Schneider Electric (FR), Nidec Corporation (JP), Mitsubishi Electric (JP), Emerson Electric (US), Rockwell Automation (US), Regal Beloit (US)

    Electric Motors Market Trends

    The Global Electric Motor is currently experiencing a transformative phase, driven by advancements in technology and increasing demand for energy-efficient solutions. The shift towards renewable energy sources and the electrification of transportation are pivotal factors influencing market dynamics. As industries seek to reduce their carbon footprints, electric motors are becoming integral to various applications, ranging from industrial machinery to consumer electronics. This trend suggests a growing emphasis on sustainability and innovation, as manufacturers strive to enhance performance while minimizing environmental impact. Moreover, the market landscape is characterized by heightened competition and rapid technological advancements. Companies are investing in research and development to create more efficient and reliable electric motors. The integration of smart technologies, such as IoT and AI, appears to be reshaping product offerings, enabling enhanced monitoring and control capabilities. This evolution indicates a potential shift in consumer preferences towards smarter, more connected solutions, which could redefine operational efficiencies across multiple sectors. As The Global Electric Motor continues to evolve, stakeholders must remain agile to adapt to these emerging trends and capitalize on new opportunities.

    Sustainability Focus

    The emphasis on sustainability is reshaping The Global Electric Motor. Companies are increasingly prioritizing eco-friendly practices, leading to the development of energy-efficient motors that align with global environmental goals. This trend reflects a broader commitment to reducing greenhouse gas emissions and promoting cleaner technologies.

    Technological Integration

    The integration of advanced technologies is becoming a hallmark of The Global Electric Motor. Innovations such as IoT and AI are enhancing motor performance and enabling real-time monitoring. This trend suggests a shift towards smarter solutions that improve operational efficiency and reliability.

    Electrification of Transportation

    The electrification of transportation is significantly impacting The Global Electric Motor. As electric vehicles gain traction, the demand for high-performance electric motors is surging. This trend indicates a transformative shift in how transportation systems operate, emphasizing the need for efficient and powerful motor solutions.

    The ongoing transition towards renewable energy sources and increasing energy efficiency regulations are driving a robust demand for electric motors across various sectors, suggesting a transformative shift in industrial practices.

    U.S. Department of Energy

    Electric Motors Market Drivers

    Sustainability Focus

    The increasing emphasis on sustainability is a pivotal driver for the electric motor market. As industries and consumers alike prioritize eco-friendly solutions, the demand for electric motors is expected to rise. The Global Electric Motor Industry is witnessing a shift towards energy-efficient technologies, with electric motors being integral to reducing carbon footprints. In 2025, the market is projected to reach a valuation of approximately 150 billion USD, reflecting a compound annual growth rate of around 6.5%. This growth is largely attributed to the adoption of electric motors in renewable energy applications, such as wind and solar power, which further enhances their appeal in a sustainability-driven economy.

    Industrial Automation

    The rise of industrial automation is a key driver for the electric motor market. As industries seek to enhance productivity and reduce labor costs, the adoption of automated systems is becoming more prevalent. The Global Electric Motor Industry is witnessing increased demand for electric motors in automated machinery and robotics. By 2025, the market for electric motors in industrial applications is expected to surpass 70 billion USD, reflecting a robust growth trajectory. This trend is fueled by the need for precision and reliability in manufacturing processes, where electric motors play a vital role in driving efficiency and operational excellence.

    Renewable Energy Adoption

    The growing adoption of renewable energy sources is significantly impacting the electric motor market. As countries strive to transition to cleaner energy systems, electric motors are increasingly utilized in renewable energy applications, such as wind turbines and solar power systems. The Global Electric Motor Industry is projected to see substantial growth, with the renewable energy sector expected to account for a significant portion of electric motor sales by 2025. This shift is driven by favorable government policies and investments aimed at promoting sustainable energy solutions. The integration of electric motors in renewable energy systems not only enhances energy efficiency but also supports global efforts to combat climate change.

    Technological Integration

    Technological advancements play a crucial role in shaping the electric motor landscape. The integration of smart technologies, such as IoT and AI, into electric motors is enhancing their efficiency and performance. The Global Electric Motor Industry is experiencing a surge in demand for smart motors that offer real-time monitoring and predictive maintenance capabilities. This trend is expected to drive market growth, with smart electric motors projected to account for over 30% of the total market share by 2025. The ability to optimize energy consumption and reduce operational costs through advanced technologies positions electric motors as a preferred choice across various sectors, including manufacturing and automotive.

    Electrification of Transportation

    The electrification of transportation is a transformative trend influencing the electric motor market. As governments and organizations push for cleaner transportation solutions, electric vehicles (EVs) are gaining traction. The Global Electric Motor Industry is poised to benefit significantly from this shift, with the electric vehicle segment projected to grow at a CAGR of over 20% through 2025. This growth is driven by increasing investments in EV infrastructure and consumer demand for sustainable mobility options. Electric motors are essential components in EVs, providing the necessary power and efficiency to meet stringent emission regulations and performance standards.

    Market Segment Insights

    By Type: AC Motors (Largest) vs. DC Motors (Fastest-Growing)

    Currently, AC motors command the largest share in The Global Electric Motor, primarily due to their widespread application in industrial and commercial sectors. These motors are preferred for their robustness and efficiency, serving functionalities from small appliances to large machinery. In contrast, DC motors, while they hold a smaller market share, are recognized for their dynamic response and control capabilities, making them attractive in applications requiring precise speed control and high performance.

    AC Motors (Dominant) vs. DC Motors (Emerging)

    AC motors are celebrated for their efficiency and reliability across various applications, making them the dominant player in The Global Electric Motor. They are widely used in HVAC systems, fans, and industrial machinery, thereby solidifying their market position. On the other hand, DC motors are emerging as a popular choice due to their ability to provide exceptional speed control and ease of use in high-performance applications, such as robotics and electric vehicles. As the demand for automation and energy efficiency rises, the role of DC motors is poised to expand significantly, presenting lucrative opportunities for growth.

    By Application: Aerospace & Transportation (Largest) vs. HVAC Equipment (Fastest-Growing)

    The application segment of The Global Electric Motor is predominantly driven by the Aerospace & Transportation sector, which holds the largest share. This segment benefits from a surge in demand for electric motors in commercial aviation and electric transportation, showcasing substantial market stability. Following closely is the HVAC Equipment sector, which is experiencing rapid expansion as energy-efficient systems become increasingly essential in both residential and commercial buildings. Emerging applications are gaining traction and reshaping market dynamics.

    HVAC Equipment: Dominant vs. Industrial Machinery: Emerging

    In The Global Electric Motor, HVAC Equipment stands as a dominant application, reflecting a growing emphasis on efficiency and sustainability in temperature regulation systems. Utilization of electric motors in HVAC systems leads to better energy performance and reduced operational costs, aligning with global energy regulations. On the other hand, Industrial Machinery is an emerging sector, reflecting advancements in manufacturing processes and automation. This segment is characterized by innovations in precision and reliability, where electric motors are integral in enhancing productivity and machine performance, depicting a promising future in an increasingly automated industrial landscape.

    By Power Output: Integral HP Output (Largest) vs. Fractional HP Output (Fastest-Growing)

    In The Global Electric Motor, the Integral HP Output segment commands the largest share, being favored across various industrial applications such as manufacturing, automotive, and HVAC systems. Its robustness and ability to handle substantial loads contribute to its dominance in the market. Conversely, the Fractional HP Output segment, while currently smaller in market share, is quickly gaining traction due to its adaptability in niche applications including home appliances and small machinery.

    Power Output: Integral HP Output (Dominant) vs. Fractional HP Output (Emerging)

    Integral HP Output motors are designed for heavy-duty applications, providing robust performance and efficiency. Their durability and high power capacity make them ideal for industrial use, positioning them as the dominant player in the market. On the other hand, Fractional HP Output motors, which are increasingly adapted for residential and small commercial applications, represent the emerging segment. Their lightweight design and energy efficiency are appealing in today's eco-conscious market, driving growth as manufacturers introduce innovative technologies to enhance performance, making them appealing for a range of applications.

    Get more detailed insights about Electric Motors Market

    Regional Insights

    North America : Innovation and Demand Surge

    North America is the largest market for electric motors, holding approximately 35% of the global share. The region's growth is driven by increasing demand for energy-efficient solutions, stringent regulations on emissions, and advancements in automation technologies. The U.S. and Canada are the primary contributors, with a focus on renewable energy and electric vehicles, further propelling market expansion. The competitive landscape is dominated by key players such as General Electric, Siemens, and Emerson Electric. The presence of established manufacturers and a robust supply chain enhances market dynamics. Additionally, the region benefits from significant investments in infrastructure and technology, fostering innovation and growth in the electric motor sector.

    Europe : Sustainability and Innovation Focus

    Europe is the second-largest market for electric motors, accounting for around 30% of the global market share. The region's growth is fueled by stringent environmental regulations, a strong push for sustainability, and the increasing adoption of electric vehicles. Countries like Germany and France lead the market, supported by government initiatives aimed at reducing carbon emissions and promoting energy efficiency. The competitive landscape features major players such as ABB and Schneider Electric, which are at the forefront of innovation. The European market is characterized by a strong emphasis on research and development, with significant investments in smart technologies and automation. This focus on sustainability and innovation positions Europe as a key player in The Global Electric Motor.

    Asia-Pacific : Rapid Growth and Adoption

    Asia-Pacific is witnessing rapid growth in the electric motor market, holding approximately 25% of the global share. The region's expansion is driven by increasing industrialization, urbanization, and a rising demand for energy-efficient solutions. China and Japan are the leading markets, with significant investments in manufacturing and infrastructure development, further enhancing market potential. The competitive landscape is marked by the presence of key players like Nidec Corporation and Mitsubishi Electric. The region benefits from a robust supply chain and a growing focus on technological advancements. Additionally, government initiatives aimed at promoting electric mobility and renewable energy are expected to further boost market growth in the coming years.

    Middle East and Africa : Emerging Market Potential

    The Middle East and Africa region is gradually emerging in the electric motor market, holding about 10% of the global share. The growth is driven by increasing investments in infrastructure, industrialization, and a rising focus on renewable energy sources. Countries like South Africa and the UAE are leading the market, supported by government initiatives aimed at diversifying energy sources and enhancing energy efficiency. The competitive landscape is still developing, with local and international players vying for market share. The presence of key manufacturers is growing, and there is a significant opportunity for innovation and technology transfer. As the region continues to invest in modernization and sustainability, the electric motor market is expected to expand significantly in the coming years.

    Key Players and Competitive Insights

    The Global Electric Motor is currently characterized by a dynamic competitive landscape, driven by increasing demand for energy-efficient solutions and advancements in automation technologies. Key players such as Siemens (Germany), General Electric (US), and ABB (Switzerland) are strategically positioned to leverage these trends. Siemens (Germany) focuses on digital transformation and smart manufacturing, aiming to enhance operational efficiency through innovative motor technologies. General Electric (US) emphasizes sustainability, investing in electric motor solutions that reduce carbon footprints, while ABB (Switzerland) is known for its robust portfolio in robotics and automation, integrating electric motors into advanced manufacturing processes. Collectively, these strategies not only enhance their market presence but also shape a competitive environment that prioritizes innovation and sustainability.

    In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. This approach appears to be a response to the growing need for agility in production and distribution. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. Their ability to innovate and adapt to changing market demands is crucial in maintaining competitive advantages.

    In August 2025, Siemens (Germany) announced the launch of a new line of energy-efficient electric motors designed for industrial applications. This initiative is significant as it aligns with global sustainability goals and positions Siemens as a leader in the transition towards greener technologies. The introduction of these motors is expected to enhance operational efficiency for clients, thereby solidifying Siemens' market position.

    In September 2025, General Electric (US) unveiled a partnership with a leading renewable energy firm to develop electric motors specifically for wind turbine applications. This collaboration is strategically important as it not only diversifies GE's product offerings but also reinforces its commitment to sustainable energy solutions. By integrating electric motors into renewable energy systems, GE is likely to capture a growing segment of the market focused on clean energy.

    In July 2025, ABB (Switzerland) expanded its manufacturing capabilities in Asia by opening a new facility dedicated to producing high-efficiency electric motors. This expansion is indicative of ABB's strategy to enhance its global footprint and meet the rising demand in emerging markets. The facility is expected to leverage advanced manufacturing technologies, thereby improving production efficiency and reducing costs.

    As of October 2025, current competitive trends in The Global Electric Motor are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming increasingly prevalent, as companies recognize the value of collaboration in driving innovation. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological advancements, reliability in supply chains, and sustainable practices. This shift suggests that companies that prioritize innovation and adaptability will be better positioned to thrive in the future.

    Key Companies in the Electric Motors Market market include

    Industry Developments

    August 2022:Johnson Electric Holdings Limited introduced a motor for adjusting the steering wheel. Drivers can adopt a relaxed driving posture due to this electric motor.

    July 2023:Battery Energy Storage Solutions (BESS) are being developed in Taiwan in collaboration with Fortune Electric and General Electric Vernova's Solar & Storage Solutions. Electric motors are used in the storage system to regulate energy flow, control battery charging and discharging, and guarantee seamless integration of the stored energy.

    May 2023:The low voltage NEMA motor division of Siemens was announced to be acquired by ABB Limited. Through this acquisition, ABB will be able to expand its portfolio in the NEMA motor market and solidify its position as a manufacturer of NEMA motors.

    WEG, a well-known international manufacturer of electrical and industrial automation solutions, increased its footprint in August 2023 by setting up a new office in Dilovas, Kocaeli, Turkey. By expanding into the markets of Eastern Europe and Southwest Asia, this calculated move represents a significant turning point for the business. Among the many functions of the recently constructed 7,000 square meters facility are product assembly and offering local clients technical support.

    WEG has positioned itself closer to a vital network of rising markets by establishing operations in this area, improving its capacity to service both Turkey and its neighbors. The company's supply chain can be streamlined, product delivery times can be shortened, and overall service efficiency can be increased thanks to this expansion.

    All the main industrial sectors, including manufacturing, automotive, HVAC (heating, ventilation, and air conditioning), mining, and water treatment, are served by ABB's new line of VFDs. Electric motors are frequently used in these industries to power pumps, fans, conveyors, compressors, and other pieces of equipment. By regulating the motor speed, energy consumption can be decreased, and system performance can be enhanced.

    Companies are searching for strategies to lower their carbon impact as sustainability gains more attention. By minimizing energy usage and greenhouse gas emissions, ABB's VFDs contribute to the achievement of these objectives. Additionally, VFDs are a cost-effective solution for organizations because the long-term savings from lower energy expenditures are substantial.

    Future Outlook

    Electric Motors Market Future Outlook

    The Global Electric Motor is projected to grow at a 6.11% CAGR from 2024 to 2035, driven by advancements in automation, renewable energy adoption, and electric vehicle demand.

    New opportunities lie in:

    • Development of high-efficiency electric motors for industrial applications.
    • Expansion into smart motor technologies integrating IoT solutions.
    • Investment in electric motor recycling initiatives to enhance sustainability.

    By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Electric Motors Market Type Outlook

    • AC Motors
    • DC Motors
    • Hermetic Motors

    Electric Motors Market Application Outlook

    • Aerospace & Transportation
    • Industrial Machinery
    • Motor Vehicles
    • HVAC Equipment
    • Household Appliances
    • Others

    Electric Motors Market Power Output Outlook

    • Integral HP Output
    • Fractional HP Output

    Report Scope

    MARKET SIZE 2024150.0(USD Billion)
    MARKET SIZE 2025159.17(USD Billion)
    MARKET SIZE 2035288.07(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)6.11% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesIntegration of advanced automation technologies enhances efficiency in The Global Electric Motor.
    Key Market DynamicsTechnological advancements drive efficiency improvements, reshaping competitive dynamics in the electric motor market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

    Leave a Comment

    FAQs

    How much is the electric motor sales market?

    The Electric Motor Sales Market size was valued at USD 142 Billion in 2023.

    What is the growth rate of the electric motor sales market?

    The global market is projected to grow at a CAGR of 6.11% during the forecast period, 2024-2032.

    Which region held the largest market share in the electric motor sales market?

    North America had the largest share in the global market.

    Who are the key players in the electric motor sales market?

    The key players in the market are ABB Ltd., Johnson Electric Holdings Limited, Allied Motion Technologies, Inc., Ametek Inc., Nidec Motor Corporation, Siemens, Franklin Electric Co., Inc., Schneider Electric, Regal Rexnord Corporation, and ORIENTAL MOTOR USA CORP, among others.

    Which product type led the electric motor sales market?

    The AC motor category dominated the market in 2023.

    Which power output had the largest market share in the electric motor sales market?

    The fractional HP output category had the largest share in the global market.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials

    Compare Licence

    ×
    Features License Type
    Single User Multiuser License Enterprise User
    Price $4,950 $5,950 $7,250
    Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
    Free Customization
    Direct Access to Analyst
    Deliverable Format
    Platform Access
    Discount on Next Purchase 10% 15% 15%
    Printable Versions