Reports
Reports
Sale
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.
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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 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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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:
Based on application, the market is classified into:
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:
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 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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Electric Motors Market by Type |
|
Electric Motors Market by Application |
|
Electric Generators Market by Power Generation |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 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.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.