Reports
Sale
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 Trends
The growing utilisation of renewable energy sources, such as wind and solar power, propels the demand for electric motors in renewable energy systems. Simultaneously, industries like robotics and consumer electronics drive demand for compact, lightweight electric motors due to space and weight limitations, contributing to the electric motor market share.
Progress in motor control technologies, like variable frequency drives and sophisticated control algorithms, improves motor efficiency and performance. As industrial processes transition to electricity, demand for electric motors increases, driven by the need for enhanced efficiency and reduced fossil fuel dependence. Solid-state motor technology presents prospects for improved efficiency and reliability.
As per INVEST India, the automotive sector in India manufactured approximately 25.93 million vehicles, encompassing various categories like passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles from April 2022 to March 2023, thereby enhancing the electric motor market size in India.
Electric Motors Market Report Snapshots
Electric Motors Market Regional Analysis
*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 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 Options 10% off
Call us
Purchase Full Report
Datasheet
$ 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
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
View A Sample
Did You Miss Anything, Ask Now
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