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The United States electric motors market size was valued at USD 26.26 billion in 2023. The market is further projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 41.36 billion by 2032.
The United States electric motors market growth is driven by the increasing demand for energy-efficient electric motors, increased sales of consumer electronics and appliances in developing countries, and a rise in demand for electric vehicles. For example, Tesla uses electric motors in its electric vehicles, and the growing demand for electric vehicles is driving the market for electric motors.
Sustainability is a key trend in the electric motors market, with a focus on developing environmentally friendly and energy-efficient electric motors. The industry is moving towards more sustainable practices, such as reducing energy consumption, minimising emissions, and promoting green technologies. These sustainability initiatives are shaping the market landscape and driving the adoption of eco-friendly electric motors.
The market is poised for growth driven by the rising uptake of automation and mechanisation in various industries, the increasing need for robotics and autonomous robots, and the growing demand for energy-efficient electric motors. An illustration of this trend is the Integral Horsepower Motor Rule by the U.S. Department of Energy, mandating specific energy efficiency standards for electric motors ranging from 1 to 500 horsepower.
The industrial machinery segment is the largest end-use segment and accounts for the highest United States electric motors market share. For instance, companies like Rockwell Automation and Siemens offer a wide range of electric motors for industrial applications, such as pumps, fans, and compressors.
AC motors are widely used in various applications, including industrial machinery, HVAC systems, medical equipment, and home appliances. For example, AC motors are used in air compressors, pumps, and fans. DC motors are ideal for use in high-speed applications and are widely used in various medical equipment in the healthcare industry. For example, DC motors are used in surgical tools, dental drills, and other medical devices.
United States Electric Motors Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Voltage
Market Breakup by Power Output
Market Breakup by Application
Market Breakup by Region
Market players are focused on product development based on R&D in electric motor manufacturing to gain maximum revenue benefits.
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:
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Breakup by Type |
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Breakup by Voltage |
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Breakup by Power Output |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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
7 Opportunities and Challenges in the Market
8 North America Electric Motors Market Overview
8.1 Key Industry Highlights
8.2 North America Electric Motors Historical Market (2018-2023)
8.3 North America Electric Motors Market Forecast (2024-2032)
9 United States Electric Motors Market Overview
9.1 Key Industry Highlights
9.2 United States Electric Motors Historical Market (2018-2023)
9.3 United States Electric Motors Market Forecast (2024-2032)
10 United States Electric Motors Market by Type
10.1 AC
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 DC
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States Electric Motors Market by Voltage
11.1 Less Than 1 kV
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Between 1kV-6kV
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Higher Than 6 kV
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 United States Electric Motors Market by Power Output
12.1 Up to 1 HP
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 More Than 1 HP
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United States Electric Motors Market by Application
13.1 Residential
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Commercial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Industrial
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Transportation
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Agriculture
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
14 United States Electric Motors Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Trade Data Analysis (HS Code: 8501)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
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 Robert Bosch GmbH
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 Hitachi Ltd.
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 Johnson Electric Holdings Limited
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 AMETEK.Inc.
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 Siemens AG
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 Toshiba International Corporation
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 TECO-Westinghouse Motor Company
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Maxon international ltd.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Warfield Electric Company
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Electric Motors Market: Key Industry Highlights, 2018 and 2032
2. United States Electric Motors Market: Key Industry Highlights, 2018 and 2032
3. United States Electric Motors Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Electric Motors Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Electric Motors Historical Market: Breakup by Voltage (USD Billion), 2018-2023
6. United States Electric Motors Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
7. United States Electric Motors Historical Market: Breakup by Power Output (USD Billion), 2018-2023
8. United States Electric Motors Market Forecast: Breakup by Power Output (USD Billion), 2024-2032
9. United States Electric Motors Historical Market: Breakup by Application (USD Billion), 2018-2023
10. United States Electric Motors Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. United States Electric Motors Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States Electric Motors Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. United States Electric Motors Market Structure
In 2023, the market reached an approximate value of USD 26.26 billion.
The market is expected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 41.36 billion by 2032.
The market is driven by factors such as the use of AC motors in various applications, including industrial machinery, HVAC systems, medical equipment, and home appliances, increased sales of consumer electronics and appliances, and a rise in demand for electric vehicles.
Key trends aiding the market expansion include the rising uptake of automation in various industries and the growing demand for energy-efficient electric motors.
Countries considered in the market are United States of America and Canada.
Based on application, the market segmentations include residential, commercial, industrial, transportation, and agriculture.
AC and DC motors are considered in the report.
Key players in the market are ABB Ltd., Robert Bosch GmbH, Hitachi Ltd., Johnson Electric Holdings Limited, AMETEK.Inc., Siemens AG, Toshiba International Corporation, TECO-Westinghouse Motor Company, Maxon international ltd., and Warfield Electric Company, among others.
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