+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Electric Motors: Global Strategic Business Report

  • PDF Icon

    Report

  • 322 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1946771

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

Frequently Asked Questions about the Global Market for Electric Motors

What is the estimated value of the Global Market for Electric Motors?

The Global Market for Electric Motors was estimated to be valued at $137.6 Billion in 2020.

What is the growth rate of the Global Market for Electric Motors?

The growth rate of the Global Market for Electric Motors is 7.1%, with an estimated value of $223.1 Billion by 2027.

What is the forecasted size of the Global Market for Electric Motors?

The Global Market for Electric Motors is estimated to be worth $223.1 Billion by 2027.

Who are the key companies in the Global Market for Electric Motors?

Key companies in the Global Market for Electric Motors include 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. and CG Power and Industrial Solutions Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Recent Market Activity
  • The Ubiquity of Electric Motors: A Primer
  • Market Fundamentals
  • An Insight into the Global Market for Electric Motors
  • Key Growth Drivers
  • Higher Efficiency Motors - Need of the Hour
  • Electric Motors - A Key Component for Various Application Markets
  • Outlook
  • Competitive Scenario
  • Consolidation Trends
  • Electric Motors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growth in Automotive Production Bodes Well for the Market
  • Potential Applications of Electric Motors in Cars
  • Select Statistical Insights
  • Leading Competitors
  • Brushless DC Motors to Gain Momentum in the Automotive Sector
  • Compact, High Torque Electric Motors Rise in Popularity in the Auto Industry
  • Growing Transition to Electric Vehicles Opens-Up Opportunities for Electric Motors
  • Large-Size Electric Motors Set to Dominate the Electric Auto Market
  • Hybrid Electric Vehicles to Boost Market for Electric Motors
  • Electric Vehicles to Emerge as Major End-Market for Electric Motors in Future
  • Increasing Use of AGVs in Material-Handling Triggers Electric Motor Demand
  • Energy Efficiency Standards Gain Momentum
  • High-Efficiency Motors Gain Over Standard Motors
  • Motor Efficiency Directives Turbo-Charge Low Voltage Motors Market
  • A Peek Into How High-Efficiency Motors Benefit the Environment?
  • Quieter Operation: A Challenge to Reckon With
  • Limited Portability in Heavy Appliances - Restraining Growth
  • Electric Motors to Steadily Replace Gas Turbines
  • Rising Miniaturization in Medical Devices, Robotics & Consumer Electronics Spur Compact Electric Motor Market
  • Will Magnet Motors be Replaced by Alternative Solutions?
  • Efficient Fractional Horse-Power Motors Witness Soaring Demand
  • Switch from AC to DC/EC Motors - Order of the Day
  • Leading Players Adopt Consolidation Strategy with Electrical Solutions & Services
  • Significance of Industrial Motors and IEE Standards
  • Thriving Home Sales Propel Demand for Electric Motors
  • Barrage of Smart Phones and Hand-held Gadgets Pump up Electric Motor Segment
  • Growth-Spurt of Luxury Cars in Developing Regions Bodes Well for the Electric Motors Market
  • Brushless DC Motors Gain Momentum
  • Integrated Brushless DC Motors Challenge AC Servo Integrated Motors
  • Developments in Brushless DC Motor & Drives Influences Demand Growth
  • Growth for Linear Motors to Stem from Emerging Applications Areas
  • Custom Built Motors: The New Flavor of the Market
  • Custom Built Motors: The New Flavor of the Market
  • Mass-Customization and Demand for Connectivity Fuel Electric Motors Growth
  • Increasing Mass-Customized Solutions
  • Rising Integrated Motion between Motor Types
  • Application-Specific Motors Influence Demand
  • Affordability in Motors and Control Electronics Fuels Demand
  • Prompting Drive-by-Wire Designs
  • Plant & Process Automation Spurs Growth in Electric Motors
  • Emerging Economies Largest Consumers whilst Developed Nations Largest Importers of IHP Motors
  • Quality & Pricing: Critical Factors for IHP Motors
  • Raw Material Shortages Cast a Long Shadow of Worry
  • Alternative Motion Control Technologies: A Challenge to Reckon With
  • End-User Best Practices for Enhanced Electric Motor Efficiency
  • Other Statistical Findings
  • Innovation in the Motor Industry Gradually Picking Up Pace
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Electric Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Electric Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Electric Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for AC Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for AC Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for AC Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for DC Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for DC Motors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for DC Motors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Hermetic Motor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Hermetic Motor by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Hermetic Motor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Fractional HP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Fractional HP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Fractional HP by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Integral HP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Integral HP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Integral HP by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Industrial Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Industrial Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Industrial Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Motor Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Motor Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Motor Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for HVAC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for HVAC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for HVAC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Aerospace & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for Aerospace & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for Aerospace & Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Household Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 32: World Historic Review for Household Appliances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 33: World 16-Year Perspective for Household Appliances by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 34: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 35: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 36: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 37: World Electric Motors Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Electric Motors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

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