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Global Electric Motors and Generators Market: By Type; By Application; By Power Generation; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Global Electric Motors and Generators Market Outlook

The global electric motors and generators market attained a value of about USD 169.5 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.5% to reach nearly USD 233.7 billion by 2027.

 

Rising Demand for Electric Motors in Industrial Applications Driving the Market for Electric Motors and Generators

The increasing use of electric motors as a sustainable alternative to gas-burning counterparts in various industries is driving the market growth. With the evolution of designs of electric motors, their versatility, reliability, and efficiency are increasing, which is fuelling the market growth. The growing cost-effectiveness of electric motors and generators is surging their use in various industries, which is also propelling the industry growth.  As miniature electric devices are increasingly used in various industries like medical and construction, among others, the demand for small electric motors is surging, hence driving the market growth.

 

Global Electric Motors and Generators Market

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The increasing supply-demand disparity between electricity is augmenting the growth of the electric motors and generators industry. With the growing concerns regarding rapid climate change, the use of natural resources like the wind for power generation in electric generators is surging, which is driving the market growth. In addition, the enhanced efficiency and cost-effectiveness offered by electric generators operated with natural resources are providing impetus to the growth of the industry. The advent of bi-fuel technology to boost the efficiency and environmental benefits of large electric generators is anticipated to augment the market for electric motors and generators in the coming years.

 

Electric Motors and Generators: Market Segmentation

Electric motors are devices that are used to convert electrical energy into mechanical energy by deploying the principles of electromagnetism. They are essential for the functioning of electrical devices, such as air conditioners, vacuum cleaners, and pumps, among others. Electric generators refer to machines that convert mechanical energy into electrical energy for its distribution over power lines. They are typically used to provide adequate electricity supply in commercial, residential, and industrial applications.

The global electric motors and generators market is segmented into global electric motors and global electric generators markets.

The electric motors market is divided into types, applications, and regions.

The major types of electric motors and generators markets are:

  • AC Motors
  • DC Motors

Based on application, the market is classified into:

  • Industrial
  • Residential and Commercial
  • E-Mobility
  • Others

The industrial segment, based on power types, is segmented into low power, medium power, and high power, whereas the residential and commercial segment, on the basis of application type, is segregated into HVAC and home appliances, among others. Meanwhile, the e-mobility segment, based on type, is classified into 2 and 3 wheelers, light vehicle (passenger vehicle), commercial vehicle (light and medium commercial), heavy truck (heavy commercial), marine, train, and aerospace, among others.

The electric generators market is divided into type, power generation, and region.

The market can be broadly categorised on the basis of power generation into:

  • Thermal
  • Hydro
  • Nuclear
  • Wind
  • Others

The EMR report looks into the regional markets of electric motors and generators like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The Advent of Industry 4.0 to Augment the Growth of the Electric Motors and Generators Industry

The advent of Industry 4.0 is driving the market for electric motors and generators. As uninterrupted power supply is crucial in smart factories deploying Industry 4.0, the growing demand for generators to future-proof electric supply is adding to the growth of the market. The increasing preference for smart generators that can efficiently fulfil the power requirements of a manufacturing plant, especially in regions prone to power outages, is significantly contributing to the market expansion. Moreover, the development of innovative electric generators that can predict power requirements while operating silently to boost cost-effectiveness and comfortability is anticipated to provide further impetus to the growth of the market in the forecast period.

Technological advancements and innovations are expected to fuel the growth of the electric motors and generators industry. The integration of artificial intelligence (AI) to automate controls for electric motors while boosting efficiency is surging their applications in major industries, which is predicted to augment the market growth. Moreover, the advent of robotics, especially in the manufacturing sector, is expected to surge the use of AI-enabled electric motors to bolster productivity and enhance cost-effectiveness, which is estimated to significantly contribute to the growth of the market.

 

Key Industry Players in the Global Electric Motors and Generators Market

The report presents a detailed analysis of the following key players in the global electric motors and generators market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd
  • Robert Bosch GmbH
  • Siemens AG 
  • General Electric
  • Rockwell Automation, Inc.
  • Nidec Corporation
  • Cummins Inc.
  • Caterpillar Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Atlas Copco
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical
and Forecast Market Analysis by Segment- Type, Application, Power Generation, Region
Electric Motors Market by Type AC Motors, DC Motors
Electric Motors Market by Application Industrial, Residential and Commercial, E-Mobility, Others
Electric Generators Market by Type AC Motors, DC Motors
Electric Generators Market by Power Generation Thermal, Hydro, Nuclear, Wind, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd, Robert Bosch GmbH, Siemens AG, General Electric, Rockwell Automation,
Inc., Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Atlas Copco, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Motors Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Motors Historical Market (2017-2021) 
    8.3    Global Electric Motors Market Forecast (2022-2027)
    8.4    Global Electric Motors Market by Type
        8.4.1    AC Motors
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    DC Motors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Electric Motors Market by Application
        8.5.1    Industrial
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup by Power Type
                8.5.1.4.1    Low Power
                    8.5.1.4.1.1    Market Share
                    8.5.1.4.1.2    Historical Trend (2017-2021)
                    8.5.1.4.1.3    Forecast Trend (2022-2027)
                8.5.1.4.2    Medium Power
                    8.5.1.4.2.1    Market Share
                    8.5.1.4.2.2    Historical Trend (2017-2021)
                    8.5.1.4.2.3    Forecast Trend (2022-2027)
                8.5.1.4.3    High Power
                    8.5.1.4.3.1    Market Share
                    8.5.1.4.3.2    Historical Trend (2017-2021)
                    8.5.1.4.3.3    Forecast Trend (2022-2027)
        8.5.2    Residential and Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            8.5.2.4    Breakup by Application Type
                8.5.2.4.1    HVAC
                    8.5.2.4.1.1    Market Share
                    8.5.2.4.1.2    Historical Trend (2017-2021)
                    8.5.2.4.1.3    Forecast Trend (2022-2027)
                8.5.2.4.2    Home Appliances
                    8.5.2.4.2.1    Market Share
                    8.5.2.4.2.2    Historical Trend (2017-2021)
                    8.5.2.4.2.3    Forecast Trend (2022-2027)
                8.5.2.4.3    Others
        8.5.3    E-Mobility
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
            8.5.3.4    Breakup by Type
                8.5.3.4.1    2 and 3 Wheelers
                    8.5.3.4.1.1    Market Share
                    8.5.3.4.1.2    Historical Trend (2017-2021)
                    8.5.3.4.1.3    Forecast Trend (2022-2027)
                8.5.3.4.2    Light Vehicle (Passenger Vehicle)
                    8.5.3.4.2.1    Market Share
                    8.5.3.4.2.2    Historical Trend (2017-2021)
                    8.5.3.4.2.3    Forecast Trend (2022-2027)
                8.5.3.4.3    Commercial Vehicle (Light and Medium Commercial)
                    8.5.3.4.3.1    Market Share
                    8.5.3.4.3.2    Historical Trend (2017-2021)
                    8.5.3.4.3.3    Forecast Trend (2022-2027)
                8.5.3.4.4    Heavy Truck (Heavy Commercial)
                    8.5.3.4.4.1    Market Share
                    8.5.3.4.4.2    Historical Trend (2017-2021)
                    8.5.3.4.4.3    Forecast Trend (2022-2027)
                8.5.3.4.5    Marine
                    8.5.3.4.5.1    Market Share
                    8.5.3.4.5.2    Historical Trend (2017-2021)
                    8.5.3.4.5.3    Forecast Trend (2022-2027)
                8.5.3.4.6    Train
                    8.5.3.4.6.1    Market Share
                    8.5.3.4.6.2    Historical Trend (2017-2021)
                    8.5.3.4.6.3    Forecast Trend (2022-2027)
                8.5.3.4.7    Aerospace
                    8.5.3.4.7.1    Market Share
                    8.5.3.4.7.2    Historical Trend (2017-2021)
                    8.5.3.4.7.3    Forecast Trend (2022-2027)
                8.5.3.4.8    Others
        8.5.4    Others
    8.6    Global Electric Motors Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global Electric Generators Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Electric Generators Historical Market (2017-2021) 
    9.3    Global Electric Generators Market Forecast (2022-2027)
    9.4    Global Electric Generators Market by Type
        9.4.1    AC Motors
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
        9.4.2    DC Motors
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
    9.5    Global Electric Generators Market by Power Generation
        9.5.1    Thermal
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2017-2021)
            9.5.1.3    Forecast Trend (2022-2027)
        9.5.2    Hydro
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2017-2021)
            9.5.2.3    Forecast Trend (2022-2027)
        9.5.3    Nuclear
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2017-2021)
            9.5.3.3    Forecast Trend (2022-2027)
        9.5.4    Wind
            9.5.4.1    Market Share
            9.5.4.2    Historical Trend (2017-2021)
            9.5.4.3    Forecast Trend (2022-2027)
        9.5.5    Others
    9.6    Global Electric Generators Market by Region
        9.6.1    Market Share
            9.6.1.1    North America
            9.6.1.2    Europe
            9.6.1.3    Asia Pacific
            9.6.1.4    Latin America
            9.6.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2017-2021)
        10.1.2    Forecast Trend (2022-2027)
        10.1.3    Breakup by Country
            10.1.3.1    United States
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2017-2021)
        10.2.2    Forecast Trend (2022-2027)
        10.2.3    Breakup by Country
            10.2.3.1    Germany
            10.2.3.2    United Kingdom
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2017-2021)
        10.3.2    Forecast Trend (2022-2027)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2017-2021)
        10.4.2    Forecast Trend (2022-2027)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Mexico
            10.4.3.3    Argentina
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2017-2021)
        10.5.2    Forecast Trend (2022-2027)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Trade Data Analysis (HS Code – 8501)
    12.1    Major Exporting Countries 
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Exporting Countries 
        12.2.1    By Value
        12.2.2    By Volume
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    ABB Ltd
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Robert Bosch GmbH
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Siemens AG 
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    General Electric
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Rockwell Automation, Inc.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Nidec Corporation
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Cummins Inc.
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Caterpillar Inc.
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Mitsubishi Heavy Industries, Ltd.
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Atlas Copco
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    Others
14    Industry Events and Developments


List of Key Figures and Tables

1.    Global Electric Motors Market: Key Industry Highlights, 2017 and 2027
2.    Global Electric Motors Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Electric Motors Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Electric Motors Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Electric Motors Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Electric Motors Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Electric Motors Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Electric Motors Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Electric Motors Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Electric Motors Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Electric Motors Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Electric Motors Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Electric Motors Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Electric Motors Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Electric Motors Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Electric Motors Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Electric Motors Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Electric Generators Market: Key Industry Highlights, 2017 and 2027
19.    Global Electric Generators Historical Market: Breakup by Type (USD Million), 2017-2021
20.    Global Electric Generators Market Forecast: Breakup by Type (USD Million), 2022-2027
21.    Global Electric Generators Historical Market: Breakup by Power Generation (USD Million), 2017-2021
22.    Global Electric Generators Market Forecast: Breakup by Power Generation (USD Million), 2022-2027
23.    Global Electric Generators Historical Market: Breakup by Region (USD Million), 2017-2021
24.    Global Electric Generators Market Forecast: Breakup by Region (USD Million), 2022-2027
25.    North America Electric Generators Historical Market: Breakup by Country (USD Million), 2017-2021
26.    North America Electric Generators Market Forecast: Breakup by Country (USD Million), 2022-2027
27.    Europe Electric Generators Historical Market: Breakup by Country (USD Million), 2017-2021
28.    Europe Electric Generators Market Forecast: Breakup by Country (USD Million), 2022-2027
29.    Asia Pacific Electric Generators Historical Market: Breakup by Country (USD Million), 2017-2021
30.    Asia Pacific Electric Generators Market Forecast: Breakup by Country (USD Million), 2022-2027
31.    Latin America Electric Generators Historical Market: Breakup by Country (USD Million), 2017-2021
32.    Latin America Electric Generators Market Forecast: Breakup by Country (USD Million), 2022-2027
33.    Middle East and Africa Electric Generators Historical Market: Breakup by Country (USD Million), 2017-2021
34.    Middle East and Africa Electric Generators Market Forecast: Breakup by Country (USD Million), 2022-2027
35.    Major Importing Countries by Value
36.    Major Exporting Countries by Value
37.    Major Importing Countries by Volume
38.    Major Exporting Countries by Volume
39.    Global Electric Motors and Generators Market Structure

Key Questions Answered in the Report

In 2021, the global electric motors and generators market attained a value of nearly USD 169.5 billion.

The market is projected to grow at a CAGR of 5.5% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 233.7 billion by 2027.

The market is being aided by the rising use of electric motors as a sustainable alternative to gas burning, the increasing cost-effectiveness of electric motors, and the growing use of natural resources for power generation of electric generators.

The industry is projected to be propelled by the advent of Industry 4.0, technological advancements, and the rising demand for AI-enabled electric motors.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of electric motors and generators in the industry are AC motors and DC motors.

The significant applications of electric motors are industrial, commercial and residential, and e-mobility, among others.

The different power generations of electric generators are thermal, hydro, nuclear, and wind, among others.

The major players in the industry are ABB Ltd, Robert Bosch GmbH, Siemens AG, General Electric, Rockwell Automation, Inc., Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., and Atlas Copco, among others.

Analyst Review

The global electric motors and generators market attained a value of nearly USD 169.5 billion in 2021, driven by the rising use of electric motors as a sustainable alternative to gas burning. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The market is projected to reach about USD 233.7 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the electric motors and generators industries can be segmented into AC motors and DC motors. By application, the electric motors industry is classified into industrial, residential and commercial, and e-mobility, among others. On the basis of power generation, the electric generators industry is divided into thermal, hydro, nuclear, and wind, among others. The major regional markets for electric motors and generators are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd, Robert Bosch GmbH, Siemens AG, General Electric, Rockwell Automation, Inc., Nidec Corporation, Cummins Inc., Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., and Atlas Copco, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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