Global Electric Motors Market to Reach $282.9 Billion by 2030
The global market for Electric Motors estimated at US$150.4 Billion in the year 2022, is projected to reach a revised size of US$282.9 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030. AC Motors, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$188.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the DC Motors segment is readjusted to a revised 9.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $41 Billion, While China is Forecast to Grow at 12.1% CAGR
The Electric Motors market in the U.S. is estimated at US$41 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$63.1 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.Select Competitors (Total 296 Featured) -
- ABB Ltd.
- ACTOM (Pty) Ltd.
- Allied Motion Technologies, Inc.
- AMETEK Inc.
- ARC Systems Inc.
- Asmo Co., Ltd.
- Baldor Electric Company
- Bauer Gear Motor
- Brook Crompton UK Ltd.
- CG Power and Industrial Solutions Ltd.
- Franklin Electric Co. Inc.
- General Electric Company
- Hitachi Industrial Equipment Systems Co., Ltd.
- Hyosung Power & Industrial Systems Performance Group
- Kirloskar Electric Company Ltd.
- Kollmorgen Corp.
- Leeson Electric
- MinebeaMitsumi Inc.
- Nanyang Explosion Protection Group Co. Ltd.
- Nidec Corp.
- Panasonic Corp.
- Rockwell Automation, Inc.
- Sanyo Denki America Inc.
- Shinano Kenshi Co., Ltd.
- Siemens AG
- TECO-Westinghouse Motor Company
- Toshiba International Corp.
- Toshiba Mitsubishi-Electric Industrial Systems Corp.
- WEG Electric Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 322 |
Published | March 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 137.6 Billion |
Forecasted Market Value ( USD | $ 223.1 Billion |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- ACTOM (Pty) Ltd.
- Allied Motion Technologies, Inc.
- AMETEK Inc.
- ARC Systems Inc.
- Asmo Co., Ltd.
- Baldor Electric Company
- Bauer Gear Motor
- Brook Crompton UK Ltd.
- CG Power and Industrial Solutions Ltd.
- Franklin Electric Co. Inc.
- General Electric Company
- Hitachi Industrial Equipment Systems Co., Ltd.
- Hyosung Power & Industrial Systems Performance Group
- Kirloskar Electric Company Ltd.
- Kollmorgen Corp.
- Leeson Electric
- MinebeaMitsumi Inc.
- Nanyang Explosion Protection Group Co. Ltd.
- Nidec Corp.
- Panasonic Corp.
- Rockwell Automation, Inc.
- Sanyo Denki America Inc.
- Shinano Kenshi Co., Ltd.
- Siemens AG
- TECO-Westinghouse Motor Company
- Toshiba International Corp.
- Toshiba Mitsubishi-Electric Industrial Systems Corp.
- WEG Electric Corporation