Sale

Market Growth

Global Electric Motor Market Size, Share, Growth, Analysis: By Type: AC Motors, DC Motors, Hermetic Motors; By Power Output: Integral HP Output, Fractional HP Output; By Application: Industrial, Residential and Commercial, E-Mobility, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Electric Motor Market Growth

Electric motors use electromagnetic induction to convert electrical energy into mechanical energy, powering a wide range of equipment and vehicles in various industries. They operate on either direct current (DC) or alternating current (AC) from sources like batteries or power grids and are categorised by power source, application, and design features. Motors may be brushless or brushed, and come in separate phases and cooling methods, enhancing their versatility and applicability in the electric motor sales market.

 

Standardised motors provide the necessary mechanical power for industrial tasks, operating machinery such as blowers, pumps, and fans, as well as household appliances and vehicles. They are even used in smaller devices like watches. In specific scenarios like regenerative braking, they can function as generators, reclaiming lost energy. Electric motors are pivotal in numerous sectors, driving machinery, transportation, appliances, HVAC, robotics, electronics, and aerospace systems, highlighting their adaptability and significance.

 

The International Trade Administration reports that in 2022, Canada maintained its status as one of the foremost aerospace markets globally. It leads in civil flight simulator manufacturing, ranks third in civil engine production, and holds fourth place in civil aircraft production, contributing to the global electric motor market.

 

Electric Motors Market Report Snapshots

Electric Motors Market Size

Electric Motors Market Growth

Electric Motors Market Trends

Electric Motors Market Share

Electric Motors Manufacturers

Electric Motors Market Regional Analysis

 

*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    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)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Synchronous AC Motors
                8.4.1.3.2    Induction AC Motors
        8.4.2    DC Motors
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
                8.4.2.2.1    Brushed DC Motors
                8.4.2.2.2    Brushless DC Motors
        8.4.3    Hermetic Motors
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Electric Motors Market by Power Output
        8.5.1    Integral HP Output
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Fractional HP Output
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Electric Motors Market by Application
        8.6.1    Industrial
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
            8.6.1.3    Breakup by Power Type
                8.6.1.3.1    Low Power (less than 1KW)
                    8.6.1.3.1.1    Historical Trend (2018-2023)
                    8.6.1.3.1.2    Forecast Trend (2024-2032)
                8.6.1.3.2    Medium Power (1 KW to 100 KW)
                    8.6.1.3.2.1    Historical Trend (2018-2023)
                    8.6.1.3.2.2    Forecast Trend (2024-2032)
                8.6.1.3.3    High Power (More than 100 KW)
                    8.6.1.3.3.1    Historical Trend (2018-2023)
                    8.6.1.3.3.2    Forecast Trend (2024-2032)
        8.6.2    Residential and Commercial
                8.6.2.1    Historical Trend (2018-2023)
                8.6.2.2    Forecast Trend (2024-2032)
                8.6.2.3    Breakup by Application Type
                    8.6.2.3.1    HVAC
                        8.6.2.3.1.1    Historical Trend (2018-2023)
                        8.6.2.3.1.2    Forecast Trend (2024-2032)
                    8.6.2.3.2    Home Appliances
                        8.6.2.3.2.1    Historical Trend (2018-2023)
                        8.6.2.3.2.2    Forecast Trend (2024-2032)
                    8.6.2.3.3    Others
        8.6.3    E-Mobility
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
            8.6.3.3    Breakup by Type
                8.6.3.3.1    2 and 3 Wheelers
                    8.6.3.3.1.1    Historical Trend (2018-2023)
                    8.6.3.3.1.2    Forecast Trend (2024-2032)
                8.6.3.3.2    Light Vehicle (Passenger Vehicle)
                    8.6.3.3.2.1    Historical Trend (2018-2023)
                    8.6.3.3.2.2    Forecast Trend (2024-2032)
                8.6.3.3.3    Commercial Vehicle (Light and Medium Commercial)
                    8.6.3.3.3.1    Historical Trend (2018-2023)
                    8.6.3.3.3.2    Forecast Trend (2024-2032)
                8.6.3.3.4    Heavy Truck (Heavy Commercial)
                    8.6.3.3.4.1    Historical Trend (2018-2023)
                    8.6.3.3.4.2    Forecast Trend (2024-2032)
                8.6.3.3.5    Marine
                    8.6.3.3.5.1    Historical Trend (2018-2023)
                    8.6.3.3.5.2    Forecast Trend (2024-2032)
                8.6.3.3.6    Train
                    8.6.3.3.6.1    Historical Trend (2018-2023)
                    8.6.3.3.6.2    Forecast Trend (2024-2032)
                8.6.3.3.7    Aerospace
                    8.6.3.3.7.1    Historical Trend (2018-2023)
                    8.6.3.3.7.2    Forecast Trend (2024-2032)
                8.6.3.3.8    Others
        8.6.4    Others   
    8.7    Global Electric Motors Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Electric  Motors Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Electric Motors Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Electric Motors Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Electric Motors Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Electric Motors Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code: 8501)

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    ABB Ltd.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Allied Motion Technologies Inc.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Ametek Inc.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    General Electric
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Johnson Electric Holdings Limited
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Rockwell Automation, Inc.
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Siemens AG
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    Others
18    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 Billion), 2018-2023
3.    Global Electric Motors Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Electric Motors Historical Market: Breakup by Power Output (USD Billion), 2018-2023
5.    Global Electric Motors Market Forecast: Breakup by Power Output (USD Billion), 2024-2032
6.    Global Electric Motors Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Electric Motors Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Electric Motors Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Electric Motors Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Electric Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Electric Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Electric Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Electric Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Electric Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Electric Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Electric Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Electric Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Electric Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Electric Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    Global Electric Motors Market Structure

Key Questions Answered in the Report

The market was valued at USD 124.33 billion in 2023.

The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.

The revenue generated from the electric motor market is expected to reach USD 197.89 billion in 2032.

The rise of electric vehicles (EVs), efficiency improvements, integration of IoT and industry 4.0, and focus on sustainable manufacturing are the major trends impacting the electric motor industry.

The market is categorised according to the type, which includes AC motors, DC motors and hermetic motors.

The market key players are ABB Ltd, Allied Motion Technologies Inc., Ametek Inc., General Electric, Johnson Electric Holdings Limited, Rockwell Automation, Inc., and Siemens AG, among others.

Based on the power output, the market is divided into integral HP output and fractional HP output.

Based on the application, the market is divided into industrial, residential, commercial, e-mobility and others.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

AC motors contribute to the electric motor market growth due to their versatility, being widely accessible in diverse sizes and configurations, making them suitable for diverse applications.

The Asia-Pacific region is the fastest growing region in the global electric motor market, driven by rising demand across industrial, automotive, and power sectors.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

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.

NEWSLETTER