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Global Electric Motors Market by Type (AC, DC), Power Rating (375 kW), End User (Industrial, Commercial, Residential, Transportation, and Agriculture), Voltage, Rotor Type, Output Power and Region - Forecast to 2027

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    Report

  • 292 Pages
  • November 2022
  • Region: Global
  • Markets and Markets
  • ID: 5698963

The global electric motors market is estimated to grow from USD 134.0 Billion in 2022 to USD 186.0 Billion by 2027; it is expected to record a CAGR of 6.8% during the forecast period. Increasing demand for HVAC systems among residential, commercial, and industrial end-users, growing demand for electric motors in manufacturing industries, and rising demand for energy-efficient motors are the major driving factor for the electric motors market.

AC Motors: The largest segment of the electric motors market, by type 

Based on type, the electric motors market has been split into AC Motors, and DC Motors. AC motors were estimated to account for a larger share of the electric motors market in 2021. Advantages like low maintenance and high power, making electric motors ideal for such applications.

Industrial segment is expected to emerge as the largest segment based on end-user

By end user, the electric motors market has been segmented into Industrial, commercial, residential, transportation, and agriculture. The industrial segment is expected to be the largest segment during the forecast period due to increased use of electric motors in the industrial sector as they are energy-efficient, produce low noise and offer high reliability.

2.2-375 kW segment is expected to emerge as the second largest segment based on power rating

By power rating, the electric motors market has been segmented into <1 kW, 1-2.2 kW, 2.2-375 kW, and >375 kW. 2.2-375 kW segment is expected to be the second largest segment during the forecast period. Modernization of utilities-based infrastructure in developed nations and factors such as growing urban population and industrialization in developing nations are driving the market for 2.2-375 kW electric motors in the Asia Pacific and Europe. 

Europe is expected to be the second largest market during the forecast period

Europe is expected to be the second-fastest growing market due to the advancements in machinery and industrial equipment and their increased deployment in the region are expected to drive the growth of the electric motors market in Europe. 

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. 

The distribution of primary interviews is as follows: 

  • By Company Type: Tier 1-65%, Tier 2-24%and Tier 3-11%
  • By Designation: C-Level-30%, Managers-25%, and Others-45%
  • By Region: North America-27%, Europe-20%, Asia Pacific-33%, the Middle East & Africa-8%, and South America-12% 

Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The electric motors market is dominated by a few major players that have a wide regional presence. The leading players in the electric motors market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), Wolong Electric (China), and NIDEC CORPORATION (Japan). 

Research Coverage:

The report defines, describes, and forecasts the global electric motors market, by type, power rating, voltage, end-user, rotor type, output power, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the electric motors market.

Key Benefits of Buying the Report

1.    The report identifies and addresses the key markets for electric motors, which would help equipment manufacturers review the growth in demand.
2.    The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 
3.    The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Frequently Asked Questions about the Global Electric Motors Market

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

The Global Electric Motors Market was estimated to be valued at $134 Billion in 2022.

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

The growth rate of the Global Electric Motors Market is 6.8%, with an estimated value of $186 Billion by 2027.

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

The Global Electric Motors Market is estimated to be worth $186 Billion by 2027.

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

Key companies in the Global Electric Motors Market include ABB, Allied Motion, Ametek, Arc Systems, Brook Crompton, Buhler Motor, Faulhaber Group, Frankline Electric, Hitachi and Hyosung Heavy Industries.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Electric Motors Market, by Type: Inclusions and Exclusions
1.3.2 Market, by Power Rating: Inclusions and Exclusions
1.3.3 Market, by Voltage: Inclusions and Exclusions
1.3.4 Market, by End-user: Inclusions and Exclusions
1.3.5 Market, by Rotor Type: Inclusions and Exclusions
1.3.6 Market, by Output Power: Inclusions and Exclusions
1.4 Market Scope
1.4.1 Electric Motor Market: Segmentation
1.4.2 Regional Scope
1.5 Years Considered
1.6 Units Considered
1.7 Currency Considered
1.8 Limitations
1.9 Stakeholders
1.1 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Electric Motors Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Market Scope
Figure 3 Main Metrics Considered while Constructing and Assessing Demand for Electric Motor Market
2.4 Market Size Estimation
2.4.1 Demand-Side Analysis
Figure 4 Market: Region-Wise Analysis
2.4.1.1 Calculations
2.4.1.2 Assumptions
2.4.2 Supply-Side Analysis
Figure 5 Market: Supply-Side Analysis
2.4.2.1 Calculations
Figure 6 Key Metrics Considered for Assessing Supply of Electric Motors
2.4.2.2 Assumptions
Figure 7 Company Revenue Analysis, 2021
2.4.3 Forecast

3 Executive Summary
Table 1 Electric Motors Market Snapshot
Figure 8 Asia-Pacific Dominated Market in 2021
Figure 9 AC Motors to Hold Larger Market Share Than DC Motors in 2027
Figure 10 <1 kW Segment to Hold Largest Size of Market, by Power Rating, During Forecast Period
Figure 11 Medium Voltage Motors to Command Market During Forecast Period
Figure 12 Inner Rotors to Hold Larger Market Share Compared with Outer Rotors During Forecast Period
Figure 13 >1 Hp Motors Segment to Hold Largest Size of Market, by Output Power, During Forecast Period
Figure 14 Industrial Electric Motors to Command Market During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Key Players in Electric Motors Market
Figure 15 Government Initiatives to Maximize Energy Efficiency to Drive Electric Motor Market During 2022-2027
4.2 Market, by Region
Figure 16 Asia-Pacific to Witness Highest CAGR in Electric Motor Market During Forecast Period
4.3 Market, by Type
Figure 17 AC Motors Dominated Electric Motor Market, by Type, in 2027
4.4 Market, by Power Rating
Figure 18 Electric Motors with <1 kW Accounted for Largest Market Share in 2027
4.5 Market, by Voltage
Figure 19 Medium Voltage Motors Held Largest Share of Market in 2027
4.6 Market, by Rotor Type
Figure 20 Inner Rotors Dominated Market, by Rotor Type, in 2027
4.7 Market, by Output Power
Figure 21 Electric Motors with <1 Hp Accounted for Largest Market Share in 2027
4.8 Market, by End-user
Figure 22 Industrial Electric Motors Held the Largest Share of the Electric Motor Market in 2027

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Electric Motors Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Demand for HVAC Systems Among Residential, Commercial, and Industrial End-users
Figure 24 Percentage of Households Equipped with Air Conditioning, 2022
5.2.1.2 Growing Demand for Electric Motors in Manufacturing Industries
5.2.1.3 Rising Demand for Energy-Efficient Motors
Figure 25 Percentage Share of Electricity Consumption of Motors Systems, by Industry Subsector, 2020
5.2.2 Restraints
5.2.2.1 Fluctuating Prices of Raw Materials
5.2.3 Opportunities
5.2.3.1 Transition of the Global Automotive Industry Toward Electric Vehicles
Figure 26 Worldwide EV Sales, 2016-2021 (Thousand Units)
5.2.3.2 Emerging Robotics Technology to Increase Demand for Electric Motors
Figure 27 Operational Robotics, 2015-2020
5.2.4 Challenges
5.2.4.1 Easy Availability of Low-Quality and Inexpensive Electric Motors
5.2.4.2 Shortage of Components and Supply Chain Issues Leading to Higher Product Cost
5.3 Trends/Disruptions Impacting Customers’ Business
5.3.1 Revenue Shift and New Revenue Pockets for Electric Motors Manufacturers
Figure 28 Revenue Shift for Electric Motors
5.4 Average Selling Price Trend
Figure 29 Average Selling Prices of Key Player Offerings, by Power Rating
Table 2 Average Selling Price of Key Player Offerings, by Power Rating (USD)
5.5 Market Map
Figure 30 Market Map for Electric Motor Market
5.6 Value Chain Analysis
Figure 31 Electric Motors Value Chain
5.6.1 Raw Material Providers
5.6.2 Original Equipment Manufacturers
5.6.3 Assemblers/Manufacturers
5.6.4 Distributors
5.6.5 End-users
5.7 Technology Analysis
5.7.1 Technology Trends of Various Motor Technologies
Table 3 Comparison of Different Commercially Available Motors Technologies
5.8 Case Study Analysis
5.8.1 Electric Motors for Aircraft
5.8.1.1 Parker Used Ametek's Hydraulic Pump Motor for US Airforce's Next-Generation T-X Jet Trainer Aircraft
5.8.2 Cost-Effective Meps Levels for Motors
5.8.2.1 Energy Research Centre of Netherlands Developed Market Transformation Program for Indonesia
5.9 Tariff and Regulatory Landscape
5.9.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Middle East and Africa: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Global: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.9.2 Codes and Regulations Related to Electric Motors
Table 9 North America: Codes and Regulations
Table 10 Asia-Pacific: Codes and Regulations
Table 11 Europe: Codes and Regulations
Table 12 Global: Codes and Regulations
5.10 Key Conferences and Events, 2022-2023
Table 13 Electric Motors Market: Detailed List of Conferences and Events
5.11 Trade Data Statistics
Table 14 Electric Motors: Import Statistics, 2018-2021 (USD Million)
Table 15 Electric Motors: Export Statistics, 2018-2021 (USD Million)
5.12 Porter's Five Forces Analysis
Table 16 Electric Motor Market: Porter's Five Forces Analysis
Figure 32 Porter's Five Forces Analysis
5.12.1 Threat of Substitutes
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of New Entrants
5.12.5 Intensity of Competitive Rivalry
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process, by End-user
Table 17 Influence of Stakeholders on Buying Process, by End-user (%)
5.13.2 Buying Criteria
Figure 34 Key Buying Criteria for End-users
Table 18 Key Buying Criteria, by End-user

6 Electric Motors Market, by Type
6.1 Introduction
Figure 35 Market Share, by Type, 2021
Table 19 Electric Motors Market, by Type, 2020-2027 (Million Units)
6.2 AC Motors
6.2.1 Low Maintenance and High Power Expected to Drive Market
Table 20 AC Motors: Market, by Region, 2020-2027 (USD Million)
6.3 DC Motors
6.3.1 Excellent Speed Control and High Starting Torque to Propel Demand
Table 21 DC Motors: Market, by Region, 2020-2027(USD Million)

7 Electric Motors Market, by Power Rating
7.1 Introduction
Figure 36 Market Share, by Power Rating, 2021
Table 22 Market, by Power Rating, 2020-2027 (USD Million)
7.2 <1 kW Motors
7.2.1 Rising Need for Low-Maintenance and Highly Efficient Motors Expected to Drive Market
Table 23 <1 kW Motors: Market, by Region, 2020-2027 (USD Million)
7.3 1-2.2 kW Motors
7.3.1 Growth of Water & Wastewater Treatment Industries Expected to Boost Market
Table 24 1-2.2 kW Motors: Market, by Region, 2020-2027 (USD Million)
7.4 2.2-375 kW Motors
7.4.1 Increasing Demand for Such Motors Across Heavy Industries to Drive Market
Table 25 2.2- 375 kW Motors: Market, by Region, 2020-2027 (USD Million)
7.5 > 375 kW Motors
7.5.1 Rising Deployment of Such Motors in Industrial and Transportation Sectors to Drive Market
Table 26 > 375 kW Motors: Market, by Region, 2020-2027 (USD Million)

8 Electric Motors Market, by Voltage
8.1 Introduction
Figure 37 Medium Voltage Segment to Hold Largest Share of Electric Motor Market from 2022 to 2027
Table 27 Electric Motors Market, by Voltage, 2020-2027 (USD Billion)
8.2 Low Voltage (Below 690 V)
8.2.1 Ease of Operation and Low Setup and Maintenance Costs to Drive Market
Table 28 Low Voltage: Electric Motors Market, by Region, 2020-2027 (USD Million)
8.3 Medium Voltage (Between 690 V and 45 kV)
8.3.1 Medium Voltage Motors Offer Benefits Such as Economies of Scale and High Reliability
Table 29 Medium Voltage: Market, by Region, 2020-2027 (USD Million)
8.4 High Voltage (Above 45 kV)
8.4.1 Rising Automation and Industrialization in Developing Countries to Drive Market
Table 30 High Voltage: Market, by Region, 2020-2027 (USD Million)

9 Electric Motors Market, by End-user
9.1 Introduction
Figure 38 Market Share, by End-user, 2021
Table 31 Electric Motors Market, by End-user, 2020-2027 (USD Million)
9.2 Industrial
9.2.1 Wide Applications of Electric Motors in Various Industries to Drive Market
Table 32 Industrial: Electric Motors Market, by Region, 2020-2027 (USD Million)
9.2.1.1 Mining & Metals
9.2.1.2 Chemical & Petrochemical
9.2.1.3 Oil & Gas
9.2.1.4 Cement
9.2.1.5 Manufacturing
9.2.1.6 Utilities
9.2.1.7 Renewables
9.2.1.8 Aerospace & Defense
9.2.1.9 Food & Beverage
9.2.1.10 Automation
9.2.1.11 Water & Wastewater Treatment
Table 33 Market, by Industrial End-user, 2020-2027 (USD Million)
9.3 Commercial
9.3.1 Increasing Smart Infrastructure in Developed Countries to Drive Market
Table 34 Commercial: Electric Motor Market, by Region, 2020-2027 (USD Million)
9.3.1.1 Hospitals
9.3.1.2 Offices
9.3.1.3 Educational Institutions
9.3.1.4 Hotels
9.3.1.5 Others
Table 35 Market, by Commercial End-user, 2020-2027 (USD Million)
9.4 Residential
9.4.1 Rapid Urbanization and Growing Population Worldwide to Increase Use of Electric Motors
Table 36 Residential: Market, by Region, 2020-2027 (USD Million)
9.4.1.1 Apartments
9.4.1.2 Single Households
Table 37 Market, by Residential End-user, 2020-2027 (USD Million)
9.5 Transportation
9.5.1 Incorporation of New Ict Technologies in Vehicles to Increase Use of Electric Motors
Table 38 Transportation: Electric Motor Market, by Region, 2020-2027 (USD Million)
9.5.1.1 Marine
9.5.1.2 Automotive
9.5.1.3 Railways
9.5.1.4 Others
Table 39 Market, by Transportation End-user, 2020-2027 (USD Million)
9.6 Agriculture
9.6.1 Conversion of Traditional Agriculture Systems into Organic Ones to Increase Usage of Electric Motors
Table 40 Agriculture: Electric Motor Market, by Region, 2020-2027 (USD Million)
9.6.1.1 Crop Farming
9.6.1.2 Livestock Farming
Table 41 Market, by Agriculture End-user, 2020-2027 (USD Million)

10 Electric Motors Market, by Rotor Type
10.1 Introduction
Figure 39 Market Share, by Rotor Type, 2021
Table 42 Market, by Rotor Type, 2020-2027 (USD Million)
10.2 Inner Rotors
10.2.1 Demand for Inner Rotors in Different Applications to Drive Market
Table 43 Inner Rotors: Market, by Region, 2020-2027 (USD Million)
10.3 Outer Rotors
10.3.1 Development of Medical Equipment Market to Create Demand for Outer Rotor Motors
Table 44 Outer Rotors: Market, by Region, 2020-2027(USD Million)

11 Electric Motors Market, by Output Power
11.1 Introduction
Figure 40 Market Share, by Output Power, 2021
Table 45 Market, by Output Power, 2020-2027 (USD Million)
11.2 <1 Hp Motors
11.2.1 Wide Applications of <1 Hp Motors in Different End-user Industries to Drive Market
Table 46 <1 Hp Motors: Market, by Region, 2020-2027 (USD Million)
11.3 >1 Hp Motors
11.3.1 Growth in Industrial Segment Expected to Boost Demand
Table 47 >1 Hp Motors: Market, by Region, 2020-2027 (USD Million)

12 Electric Motors Market, by Region
12.1 Introduction
Figure 41 Regional Snapshot: Electric Motors Market
Table 48 Market, by Region, 2020-2027 (USD Million)
Table 49 Market, by Region, 2020-2027 (Million Units)
12.2 Asia-Pacific
Figure 42 Asia-Pacific: Electric Motor Market Snapshot
Table 50 Asia-Pacific: Market, by Type, 2020-2027 (USD Million)
Table 51 Asia-Pacific: Market, by Rotor Type, 2020-2027 (USD Million)
Table 52 Asia-Pacific: Market, by Output Power, 2020-2027 (USD Million)
Table 53 Asia-Pacific: Market, by Power Rating, 2020-2027 (USD Million)
Table 54 Asia-Pacific: Market, by Voltage, 2020-2027 (USD Million)
Table 55 Asia-Pacific: Market, by End-user, 2020-2027 (USD Million)
Table 56 Asia-Pacific: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 57 Asia-Pacific: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 58 Asia-Pacific: Market, by Residential End-user, 2020-2027 (USD Million)
Table 59 Asia-Pacific: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 60 Asia-Pacific: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1 By Country
Table 61 Asia-Pacific: Electric Motors Market, by Country, 2020-2027 (USD Million)
12.2.1.1 China
12.2.1.1.1 Increasing Manufacturing Activities to Contribute to Electric Motor Market Growth
Table 62 China: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 63 China: Market, by End-user, 2020-2027 (USD Million)
Table 64 China: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 65 China: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 66 China: Market, by Residential End-user, 2020-2027 (USD Million)
Table 67 China: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 68 China: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1.2 India
12.2.1.2.1 Ongoing Industrialization to Drive Demand for Electric Motors
Table 69 India: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 70 India: Market, by End-user, 2020-2027 (USD Million)
Table 71 India: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 72 India: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 73 India: Market, by Residential End-user, 2020-2027 (USD Million)
Table 74 India: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 75 India: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1.3 Japan
12.2.1.3.1 Growing Focus on Technologically Advanced Industrial Equipment to Boost Demand for Electric Motors
Table 76 Japan: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 77 Japan: Market, by End-user, 2020-2027 (USD Million)
Table 78 Japan: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 79 Japan: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 80 Japan: Market, by Residential End-user, 2020-2027 (USD Million)
Table 81 Japan: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 82 Japan: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1.4 South Korea
12.2.1.4.1 Increasing Electronic and Automobile Manufacturing to Drive Growth of Electric Motor Market
Table 83 South Korea: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 84 South Korea: Market, by End-user, 2020-2027 (USD Million)
Table 85 South Korea: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 86 South Korea: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 87 South Korea: Market, by Residential End-user, 2020-2027 (USD Million)
Table 88 South Korea: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 89 South Korea: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1.5 Australia
12.2.1.5.1 Growing Mining & Automotive Industries Expected to Provide Growth
Table 90 Australia: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 91 Australia: Market, by End-user, 2020-2027 (USD Million)
Table 92 Australia: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 93 Australia: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 94 Australia: Market, by Residential End-user, 2020-2027 (USD Million)
Table 95 Australia: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 96 Australia: Market, by Transportation End-user, 2020-2027 (USD Million)
12.2.1.6 Rest of Asia-Pacific
Table 97 Rest of Asia-Pacific: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 98 Rest of Asia-Pacific: Market, by End-user, 2020-2027 (USD Million)
Table 99 Rest of Asia-Pacific: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 100 Rest of Asia-Pacific: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 101 Rest of Asia-Pacific: Market, by Residential End-user, 2020-2027 (USD Million)
Table 102 Rest of Asia-Pacific: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 103 Rest of Asia-Pacific: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3 Europe
Figure 43 Europe: Electric Motors Market Snapshot
Table 104 Europe: Market, by Type, 2020-2027 (USD Million)
Table 105 Europe: Market, by Rotor Type, 2020-2027 (USD Million)
Table 106 Europe: Market, by Output Power, 2020-2027 (USD Million)
Table 107 Europe: Market, by Power Rating, 2020-2027 (USD Million)
Table 108 Europe: Market, by Voltage, 2020-2027 (USD Million)
Table 109 Europe: Market, by End-user, 2020-2027 (USD Million)
Table 110 Europe: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 111 Europe: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 112 Europe: Market, by Residential End-user, 2020-2027 (USD Million)
Table 113 Europe: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 114 Europe: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1 By Country
Table 115 Europe: Market, by Country, 2020-2027 (USD Million)
12.3.1.1 Germany
12.3.1.1.1 Increasing Electric Vehicle and Medical Equipment Production to Fuel Demand for Electric Motors
Table 116 Germany: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 117 Germany: Market, by End-user, 2020-2027 (USD Million)
Table 118 Germany: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 119 Germany:Market, by Commercial End-user, 2020-2027 (USD Million)
Table 120 Germany: Market, by Residential End-user, 2020-2027 (USD Million)
Table 121 Germany: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 122 Germany: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.2 Russia
12.3.1.2.1 Ongoing Modernization of Manufacturing Sector to Contribute to Growth of Electric Motors
Table 123 Russia: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 124 Russia: Market, by End-user, 2020-2027 (USD Million)
Table 125 Russia: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 126 Russia: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 127 Russia: Market, by Residential End-user, 2020-2027 (USD Million)
Table 128 Russia: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 129 Russia: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.3 Italy
12.3.1.3.1 Rising Demand for Electric Vehicles Leading to Growth of Electric Motor Market
Table 130 Italy: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 131 Italy: Market, by End-user, 2020-2027 (USD Million)
Table 132 Italy: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 133 Italy: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 134 Italy: Market, by Residential End-user, 2020-2027 (USD Million)
Table 135 Italy: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 136 Italy: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.4 France
12.3.1.4.1 Implementation of Zero Carbon Emission Policies to Increase Electric Vehicles and Wind Power Generation
Table 137 France: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 138 France: Market, by End-user, 2020-2027 (USD Million)
Table 139 France: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 140 France: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 141 France: Market, by Residential End-user, 2020-2027 (USD Million)
Table 142 France: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 143 France: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.5 UK
12.3.1.5.1 Surging Sales of Vehicles and Flourishing Aerospace & Defense Industry to Drive Market Growth
Table 144 UK: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 145 UK: Market, by End-user, 2020-2027 (USD Million)
Table 146 UK: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 147 UK: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 148 UK: Market, by Residential End-user, 2020-2027 (USD Million)
Table 149 UK: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 150 UK: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.6 Sweden
12.3.1.6.1 Increasing Industrial and Infrastructure Demand to Drive Growth of Electric Motor Market
Table 151 Sweden: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 152 Sweden: Market, by End-user, 2020-2027 (USD Million)
Table 153 Sweden: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 154 Sweden: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 155 Sweden: Market, by Residential End-user, 2020-2027 (USD Million)
Table 156 Sweden: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 157 Sweden: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.7 Norway
12.3.1.7.1 New Zero Emission Policy to Boost Renewables Sector and Drive Growth of Electric Motor Market
Table 158 Norway: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 159 Norway: Market, by End-user, 2020-2027 (USD Million)
Table 160 Norway: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 161 Norway: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 162 Norway: Market, by Residential End-user, 2020-2027 (USD Million)
Table 163 Norway: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 164 Norway: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.8 Denmark
12.3.1.8.1 Increasing Adoption of Electric Vehicles to Drive Electric Motor Market
Table 165 Denmark: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 166 Denmark: Market, by End-user, 2020-2027 (USD Million)
Table 167 Denmark: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 168 Denmark: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 169 Denmark: Market, by Residential End-user, 2020-2027 (USD Million)
Table 170 Denmark: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 171 Denmark: Market, by Transportation End-user, 2020-2027 (USD Million)
12.3.1.9 Rest of Europe
Table 172 Rest of Europe: Market, by Type, 2020-2027 (USD Million)
Table 173 Rest of Europe: Market, by End-user, 2020-2027 (USD Million)
Table 174 Rest of Europe: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 175 Rest of Europe: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 176 Rest of Europe: Market, by Residential End-user, 2020-2027 (USD Million)
Table 177 Rest of Europe: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 178 Rest of Europe: Market, by Transportation End-user, 2020-2027 (USD Million)
12.4 North America
Table 179 North America: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 180 North America: Market, by Rotor Type, 2020-2027 (USD Million)
Table 181 North America: Market, by Output Power, 2020-2027 (USD Million)
Table 182 North America: Market, by Power Rating, 2020-2027 (USD Million)
Table 183 North America: Electric Motors Market, by Voltage, 2020-2027 (USD Million)
Table 184 North America: Market, by End-user, 2020-2027 (USD Million)
Table 185 North America: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 186 North America: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 187 North America: Market, by Residential End-user, 2020-2027 (USD Million)
Table 188 North America: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 189 North America: Market, by Transportation End-user, 2020-2027 (USD Million)
12.4.1 By Country
Table 190 North America: Market, by Country, 2020-2027 (USD Million)
12.4.1.1 US
12.4.1.1.1 Investment Plans Toward Development of Advanced Manufacturing Technologies to Drive Market
Table 191 US: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 192 US: Market, by End-user, 2020-2027 (USD Million)
Table 193 US: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 194 US: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 195 US: Market, by Residential End-user, 2020-2027 (USD Million)
Table 196 US: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 197 US: Market, by Transportation End-user, 2020-2027 (USD Million)
12.4.1.2 Canada
12.4.1.2.1 Investments in Automotive and Aircraft to Benefit Canadian Electric Motor Market
Table 198 Canada: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 199 Canada: Market, by End-user, 2020-2027 (USD Million)
Table 200 Canada: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 201 Canada: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 202 Canada: Market, by Residential End-user, 2020-2027 (USD Million)
Table 203 Canada: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 204 Canada: Market, by Transportation End-user, 2020-2027 (USD Million)
12.4.1.3 Mexico
12.4.1.3.1 Growing Transportation Sector to Support Market Growth
Table 205 Mexico: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 206 Mexico: Market, by End-user, 2020-2027 (USD Million)
Table 207 Mexico: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 208 Mexico: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 209 Mexico: Market, by Residential End-user, 2020-2027 (USD Million)
Table 210 Mexico: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 211 Mexico: Market, by Transportation End-user, 2020-2027 (USD Million)
12.5 Middle East & Africa
Table 212 Middle East & Africa: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 213 Middle East & Africa: Market, by Rotor Type, 2020-2027 (USD Million)
Table 214 Middle East & Africa: Market, by Output Power, 2020-2027 (USD Million)
Table 215 Middle East & Africa: Market, by Power Rating, 2020-2027 (USD Million)
Table 216 Middle East & Africa: Market, by End-user, 2020-2027 (USD Million)
Table 217 Middle East & Africa: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 218 Middle East & Africa: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 219 Middle East & Africa: Market, by Residential End-user, 2020-2027 (USD Million)
Table 220 Middle East & Africa: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 221 Middle East & Africa: Market, by Transportation End-user, 2020-2027 (USD Million)
12.5.1 By Country
Table 222 Middle East & Africa: Market, by Country, 2020-2027 (USD Million)
12.5.1.1 Saudi Arabia
12.5.1.1.1 Increasing Investments in Oil & Gas and Automotive Sectors Expected to Drive Demand for Electric Motors
Table 223 Saudi Arabia: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 224 Saudi Arabia: Market, by End-user, 2020-2027 (USD Million)
Table 225 Saudi Arabia: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 226 Saudi Arabia: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 227 Saudi Arabia: Market, by Residential End-user, 2020-2027 (USD Million)
Table 228 Saudi Arabia: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 229 Saudi Arabia: Market, by Transportation End-user, 2020-2027 (USD Million)
12.5.1.2 UAE
12.5.1.2.1 Growing Share of Automobile Sector in Economy to Drive Demand for Electric Motors
Table 230 UAE: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 231 UAE: Market, by End-user, 2020-2027 (USD Million)
Table 232 UAE: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 233 UAE: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 234 UAE: Electric Motors Market, by Residential End-user, 2020-2027 (USD Million)
Table 235 UAE: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 236 UAE: Market, by Transportation End-user, 2020-2027 (USD Million)
12.5.1.3 South Africa
12.5.1.3.1 Increasing Investments to Boost Transportation Sector Contribute to Demand for Electric Motors
Table 237 South Africa: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 238 South Africa: Market, by End-user, 2020-2027 (USD Million)
Table 239 South Africa: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 240 South Africa: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 241 South Africa: Market, by Residential End-user, 2020-2027 (USD Million)
Table 242 South Africa: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 243 South Africa: Market, by Transportation End-user, 2020-2027 (USD Million)
12.5.1.4 Rest of Middle East & Africa
Table 244 Rest of Middle East & Africa: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 245 Rest of Middle East & Africa: Market, by End-user, 2020-2027 (USD Million)
Table 246 Rest of Middle East & Africa: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 247 Rest of Middle East & Africa: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 248 Rest of Middle East & Africa: Market, by Residential End-user, 2020-2027 (USD Million)
Table 249 Rest of Middle East & Africa: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 250 Rest of Middle East & Africa: Market, by Transportation End-user, 2020-2027 (USD Million)
12.6 South America
Table 251 South America: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 252 South America: Market, by Rotor Type, 2020-2027 (USD Million)
Table 253 South America: Market, by Output Power, 2020-2027 (USD Million)
Table 254 South America: Market, by Power Rating, 2020-2027 (USD Million)
Table 255 South America: Market, by Voltage, 2020-2027 (USD Million)
Table 256 South America: Market, by End-user, 2020-2027 (USD Million)
Table 257 South America: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 258 South America: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 259 South America: Market, by Residential End-user, 2020-2027 (USD Million)
Table 260 South America: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 261 South America: Market, by Transportation End-user, 2020-2027 (USD Million)
12.6.1 By Country
Table 262 South America: Market, by Country, 2020-2027 (USD Million)
12.6.1.1 Brazil
12.6.1.1.1 Growth of Automotive and Aerospace Sectors to Fuel Demand for Electric Motors
Table 263 Brazil: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 264 Brazil: Market, by End-user, 2020-2027 (USD Million)
Table 265 Brazil: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 266 Brazil: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 267 Brazil: Market, by Residential End-user, 2020-2027 (USD Million)
Table 268 Brazil: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 269 Brazil: Market, by Transportation End-user, 2020-2027 (USD Million)
12.6.1.2 Argentina
12.6.1.2.1 Growing Investments in Electronic Equipment Manufacturing Expected to Fuel Market Growth
Table 270 Argentina: Electric Motors Market, by Type, 2020-2027 (USD Million)
Table 271 Argentina: Market, by End-user, 2020-2027 (USD Million)
Table 272 Argentina: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 273 Argentina: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 274 Argentina: Market, by Residential End-user, 2020-2027 (USD Million)
Table 275 Argentina: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 276 Argentina: Market, by Transportation End-user, 2020-2027 (USD Million)
12.6.1.3 Rest of South America
Table 277 Rest of South America: Market, by Type, 2020-2027 (USD Million)
Table 278 Rest of South America: Market, by End-user, 2020-2027 (USD Million)
Table 279 Rest of South America: Market, by Industrial End-user, 2020-2027 (USD Million)
Table 280 Rest of South America: Market, by Commercial End-user, 2020-2027 (USD Million)
Table 281 Rest of South America: Market, by Residential End-user, 2020-2027 (USD Million)
Table 282 Rest of South America: Market, by Agriculture End-user, 2020-2027 (USD Million)
Table 283 Rest of South America: Market, by Transportation End-user, 2020-2027 (USD Million)

13 Competitive Landscape
13.1 Key Players’ Strategies
Table 284 Overview of Key Strategies Adopted by Top Players, 2018-2022
13.2 Market Share Analysis of Top Five Players
Table 285 Electric Motor Market: Degree of Competition
Figure 44 Market Share Analysis, 2021
13.3 Revenue Analysis of Top 5 Market Players
Figure 45 Top Players in the Market from 2017 to 2021
13.4 Company Evaluation Quadrant
13.4.1 Stars
13.4.2 Pervasive Players
13.4.3 Emerging Leaders
13.4.4 Participants
Figure 46 Market (Global) Company Evaluation Matrix, 2021
13.5 Start-Up/SME Evaluation Quadrant, 2021
13.5.1 Progressive Companies
13.5.2 Responsive Companies
13.5.3 Dynamic Companies
13.5.4 Starting Blocks
Figure 47 Market: Start-Up/SME Evaluation Quadrant, 2021
13.5.5 Competitive Benchmarking
Table 286 Market: Detailed List of Key Start-Ups/SMEs
Table 287 Market: Competitive Benchmarking of Key Start-Ups/SMEs
13.6 Electric Motors Market: Company Footprint
Table 288 By Type: Company Footprint
Table 289 By Power Rating: Company Footprint
Table 290 By Voltage: Company Footprint
Table 291 By End-user: Company Footprint
Table 292 By Region: Company Footprint
Table 293 Company Footprint
13.7 Competitive Scenario
Table 294 Market: New Product Launches, January 2018-October 2022
Table 295 Market: Deals, January 2018-October 2022
Table 296 Market: Others, January 2018-October 2022

14 Company Profiles
14.1 Key Players
(Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
14.1.1 ABB
Table 297 ABB: Business Overview
Figure 48 ABB: Company Snapshot
Table 298 ABB: Products/Services/Solutions Offered
Table 299 ABB: Product Launches
Table 300 ABB: Deals
Table 301 ABB: Others
14.1.2 Siemens
Table 302 Siemens: Business Overview
Figure 49 Siemens: Company Snapshot, 2021
Table 303 Siemens: Products/Services/Solutions Offered
Table 304 Siemens: Deals
Table 305 Siemens: Others
14.1.3 Weg
Table 306 Weg: Company Overview
Figure 50 Weg: Company Snapshot, 2021
Table 307 Weg: Products/Services/Solutions Offered
Table 308 Weg: Product Launches
Table 309 Weg: Others
14.1.4 Wolong Electric
Table 311 Wolong Electric: Products/Services/Solutions Offered
Table 312 Wolong Electric: Product Launches
Table 313 Wolong Electric: Deals
14.1.5 Nidec Corporation
Table 314 Nidec Corporation: Company Overview
Figure 51 Nidec Corporation: Company Snapshot, 2021
Table 315 Nidec Corporation: Products/Services/Solutions Offered
Table 316 Nidec Corporation: Product Launches
Table 317 Nidec Corporation: Deals
Table 318 Nidec Corporation: Others
14.1.6 Regal Rexnord Corporation
Table 319 Regal Rexnord Corporation: Business Overview
Figure 52 Regal Rexnord Corporation: Company Snapshot, 2021
Table 320 Regal Rexnord Corporation: Products/Services/Solutions Offered
Table 321 Regal Rexnord Corporation: Product Launches
14.1.7 Toshiba Corporation
Table 322 Toshiba Corporation: Business Overview
Figure 53 Toshiba Corporation: Company Snapshot, 2021
Table 323 Toshiba Corporation: Products/Services/Solutions Offered
Table 324 Toshiba Corporation: Deals
14.1.8 Hyosung Heavy Industries
Table 325 Hyosung Heavy Industries: Business Overview
Figure 54 Hyosung Heavy Industries: Company Snapshot, 2021
Table 326 Hyosung Heavy Industries: Products/Services/Solutions Offered
14.1.9 Teco Electric & Machinery
Table 327 Teco Electric & Machinery: Business Overview
Figure 55 Teco Electric & Machinery: Company Snapshot, 2021
Table 328 Teco Electric & Machinery: Products/Services/Solutions Offered
14.1.10 Hitachi
Table 329 Hitachi: Company Overview
Figure 56 Hitachi: Company Snapshot, 2021
Table 330 Hitachi: Products/Services/Solutions Offered
14.1.11 Robert Bosch GmbH
Table 331 Robert Bosch GmbH: Company Overview
Figure 57 Robert Bosch GmbH: Company Snapshot, 2021
Table 332 Robert Bosch GmbH: Products/Services/Solutions Offered
14.1.12 Johnson Electric
Table 333 Johnson Electric: Business Overview
Figure 58 Johnson Electric: Company Snapshot
Table 334 Johnson Electric: Products/Services/Solutions Offered
Table 335 Johnson Electric: Product Launches
Table 336 Johnson Electric: Deals
14.1.13 Ametek
Table 337 Ametek: Business Overview
Figure 59 Ametek: Company Snapshot
Table 338 Ametek: Products/Services/Solutions Offered
Table 339 Ametek: Product Launches
Table 340 Ametek: Deals
14.1.14 Allied Motion
Table 341 Allied Motion: Business Overview
Figure 60 Allied Motion Technologies: Company Snapshot
Table 342 Allied Motion: Products/Services/Solutions Offered
Table 343 Allied Motion: Product Launches
Table 344 Allied Motion: Deals
14.1.15 Buhler Motor
Table 345 Buhler Motor: Business Overview
Table 346 Buhler Motor: Products/Services/Solutions Offered
14.1.16 Faulhaber Group
Table 347 Faulhaber Group: Business Overview
Table 348 Faulhaber Group: Products/Services/Solutions Offered
Table 349 Faulhaber Group: Deals
14.1.17 Maxon Motor
Table 350 Maxon Motor: Business Overview
Table 351 Maxon Motor: Products/Services/Solutions Offered
Table 352 Maxon Motor: Product Launches
Table 353 Maxon Motor: Deals
14.2 Arc Systems
14.3 Brook Crompton
14.4 Rockwell Automation
14.5 Yaskawa
14.6 Frankline Electric
14.7 Shandong Huali
14.8 Windings Inc.
*Details on Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies

15 Appendix
15.1 Insights from Industry Experts
15.2 Discussion Guide

Executive Summary

Companies Mentioned

  • ABB
  • Allied Motion
  • Ametek
  • Arc Systems
  • Brook Crompton
  • Buhler Motor
  • Faulhaber Group
  • Frankline Electric
  • Hitachi
  • Hyosung Heavy Industries
  • Johnson Electric
  • Maxon Motor
  • Nidec Corporation
  • Regal Rexnord Corporation
  • Robert Bosch GmbH
  • Rockwell Automation
  • Shandong Huali
  • Siemens
  • Teco Electric & Machinery
  • Toshiba Corporation
  • Weg
  • Windings Inc.
  • Wolong Electric
  • Yaskawa

Methodology

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