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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 2024-2032 at a CAGR of 5.5% to reach nearly USD 233.7 billion by 2027.
Electric Motors and Generators Market Size
Electric Motors and Generators Market Growth
Electric Motors and Generators Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Opportunities and Challenges in the Market
8 Global Electric Motors Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Motors Historical Market (2018-2023)
8.3 Global Electric Motors Market Forecast (2024-2032)
8.4 Global Electric Motors Market by Type
8.4.1 AC Motors
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 DC Motors
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Electric Motors Market by Application
8.5.1 Industrial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Power Type
8.5.1.3.1 Low Power
8.5.1.3.1.1 Historical Trend (2018-2023)
8.5.1.3.1.2 Forecast Trend (2024-2032)
8.5.1.3.2 Medium Power
8.5.1.3.2.1 Historical Trend (2018-2023)
8.5.1.3.2.2 Forecast Trend (2024-2032)
8.5.1.3.3 High Power
8.5.1.3.3.1 Historical Trend (2018-2023)
8.5.1.3.3.2 Forecast Trend (2024-2032)
8.5.2 Residential and Commercial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Application Type
8.5.2.3.1 HVAC
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Home Appliances
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.2.3.3 Others
8.5.3 E-Mobility
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 2 and 3 Wheelers
8.5.3.3.1.1 Historical Trend (2018-2023)
8.5.3.3.1.2 Forecast Trend (2024-2032)
8.5.3.3.2 Light Vehicle (Passenger Vehicle)
8.5.3.3.2.1 Historical Trend (2018-2023)
8.5.3.3.2.2 Forecast Trend (2024-2032)
8.5.3.3.3 Commercial Vehicle (Light and Medium Commercial)
8.5.3.3.3.1 Historical Trend (2018-2023)
8.5.3.3.3.2 Forecast Trend (2024-2032)
8.5.3.3.4 Heavy Truck (Heavy Commercial)
8.5.3.3.4.1 Historical Trend (2018-2023)
8.5.3.3.4.2 Forecast Trend (2024-2032)
8.5.3.3.5 Marine
8.5.3.3.5.1 Historical Trend (2018-2023)
8.5.3.3.5.2 Forecast Trend (2024-2032)
8.5.3.3.6 Train
8.5.3.3.6.1 Historical Trend (2018-2023)
8.5.3.3.6.2 Forecast Trend (2024-2032)
8.5.3.3.7 Aerospace
8.5.3.3.7.1 Historical Trend (2018-2023)
8.5.3.3.7.2 Forecast Trend (2024-2032)
8.5.3.3.8 Others
8.5.4 Others
8.6 Global Electric Motors Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Global Electric Generators Market Analysis
9.1 Key Industry Highlights
9.2 Global Electric Generators Historical Market (2018-2023)
9.3 Global Electric Generators Market Forecast (2024-2032)
9.4 Global Electric Generators Market by Type
9.4.1 AC Motors
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 DC Motors
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Global Electric Generators Market by Power Generation
9.5.1 Thermal
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Hydro
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Nuclear
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Wind
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Global Electric Generators Market by Region
9.6.1 North America
9.6.2 Europe
9.6.3 Asia Pacific
9.6.4 Latin America
9.6.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.5.2 Forecast Trend (2024-2032)
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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Motors Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Motors Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Electric Motors Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Electric Motors Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Electric Motors Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Electric Motors Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Electric Motors Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Electric Motors Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Electric Motors Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Electric Motors Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Electric Motors Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Electric Motors Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Electric Motors Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Electric Motors Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Electric Motors Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Electric Motors Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Electric Motors Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Electric Generators Market: Key Industry Highlights, 2018 and 2032
19. Global Electric Generators Historical Market: Breakup by Type (USD Million), 2018-2023
20. Global Electric Generators Market Forecast: Breakup by Type (USD Million), 2024-2032
21. Global Electric Generators Historical Market: Breakup by Power Generation (USD Million), 2018-2023
22. Global Electric Generators Market Forecast: Breakup by Power Generation (USD Million), 2024-2032
23. Global Electric Generators Historical Market: Breakup by Region (USD Million), 2018-2023
24. Global Electric Generators Market Forecast: Breakup by Region (USD Million), 2024-2032
25. North America Electric Generators Historical Market: Breakup by Country (USD Million), 2018-2023
26. North America Electric Generators Market Forecast: Breakup by Country (USD Million), 2024-2032
27. Europe Electric Generators Historical Market: Breakup by Country (USD Million), 2018-2023
28. Europe Electric Generators Market Forecast: Breakup by Country (USD Million), 2024-2032
29. Asia Pacific Electric Generators Historical Market: Breakup by Country (USD Million), 2018-2023
30. Asia Pacific Electric Generators Market Forecast: Breakup by Country (USD Million), 2024-2032
31. Latin America Electric Generators Historical Market: Breakup by Country (USD Million), 2018-2023
32. Latin America Electric Generators Market Forecast: Breakup by Country (USD Million), 2024-2032
33. Middle East and Africa Electric Generators Historical Market: Breakup by Country (USD Million), 2018-2023
34. Middle East and Africa Electric Generators Market Forecast: Breakup by Country (USD Million), 2024-2032
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
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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 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.
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 2024-2032, 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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