Europe Electric Motor Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The Europe electric motor market size reached around USD 26.96 Billion in 2024. The market is projected to grow at a CAGR of 4.90% between 2025 and 2034 to reach nearly USD 43.50 Billion by 2034.

Europe Electric Motor Market Growth

Significant advancements in the adoption of electric vehicles within the European Union were observed in 2022, with electric cars constituting 21.6% of all new car registrations. The trend of new electric car registrations has shown a consistent upward trajectory, rising from 600 in 2010 to approximately EUR 1.74 million in 2021, representing 18% of total new registrations. This upward trend also persisted in 2022, with nearly 22% of newly registered passenger cars being electric.

As per the Europe electric motor market analysis, electric motors serve as vital components in electric vehicles, executing a range of crucial functions. The primary function of electric motors in EVs is to propel the vehicle by converting electrical energy stored in the battery into mechanical energy. This system of propulsion replaces the traditional internal combustion engine found in conventional vehicles.

The shift towards renewable energy sources, such as wind and solar power, is driving a substantial rise in the demand for electric motors used in energy generation, storage, and conversion systems, particularly in wind turbines and hydroelectric plants. In 2022, Europe installed 19 GW of new wind capacity, with 16 GW coming from the EU-27. Forecasts suggest that from 2023 to 2027, Europe is anticipated to add 129 GW of new wind farms, with the EU-27 contributing 98 GW of that amount.

Key Trends and Developments

Growing demand for electric vehicles, rapid urbanisation and infrastructural development, renewable energy initiatives, and rising demand for HVAC systems are the major trends impacting the Europe electric motor market growth.

March 2023

Siemens decided to introduce Innomotics, a pioneering company specialising in motors and large drives, to consolidate its operations in the fields of low- to high-voltage motors, geared motors, medium-voltage converters, and motor spindles.

September 2021

As per Europe electric motor market analysis, Yamaha Motor initiated pre-orders for its next-generation boat manoeuvring system, HARMO, in Europe. This system includes a propulsion unit driven by an electric motor, a remote-control box, and a joystick designed to facilitate more intuitive operation.

February 2021

BorgWarner, a prominent global leader in product innovation, introduced the HVH 320, an 800-volt electric motor designed specifically for the commercial vehicle sector. This versatile platform aims to assist manufacturers in achieving a unified electric drivetrain, providing approximately 97% peak efficiency, and exceeding 400 kW of power output.

Growing Demand for Electric Vehicles

One of the notable Europe electric motor market trends is the rising demand for electric vehicles. The swift growth of the electric vehicle sector in Europe serves as a crucial catalyst for electric motors, which play a vital role in the powertrains of electric vehicles. The rising government incentives for the adoption of electric vehicles, coupled with rigorous emission regulations, are contributing to this heightened demand.

Rapid Urbanisation and Infrastructural Development

The ongoing growth of cities and improvements in infrastructure across Europe is leading to a rising need for electric motors used in building technologies like elevators and escalators, as well as in public transport and other vital infrastructure.

Increasing Renewable Energy Initiatives

The transition to renewable energy sources, including wind and solar power, is increasing the demand for electric motors utilised in energy generation, storage, and conversion systems, especially within wind turbines and hydroelectric systems.

Rising Demand for HVAC Systems

The increasing need for heating, ventilation, and air conditioning (HVAC) systems across residential, commercial, and industrial sectors is driving the demand for electric motors, which play a crucial role in the functioning of these systems, leading forth to Europe electric motor market developments.

Implementation of Industrial Automation and Robotics

The increasing implementation of automation and robotics across manufacturing, logistics, and various other sectors is driving a heightened demand for electric motors. These motors play a crucial role in the functioning of automated machinery, conveyor systems, and robotic technologies.

Europe Electric Motor Market Trends

The rapid expansion of the electric vehicle sector in Europe is a pivotal factor propelling the electric motors market in Europe, which serve as crucial components in the powertrains of these vehicles. As the automotive landscape shifts towards electrification, electric motors have become indispensable for delivering the performance, efficiency, and sustainability that modern consumers expect from their vehicles.

Advancements in electric motor design and manufacturing are also contributing to this trend. Innovations in materials, efficiency, and performance are making electric motors more attractive to manufacturers and consumers alike, leading to the expansion of Europe electric motor market size. As electric motors become lighter, more efficient, and more powerful, they enhance the overall performance of electric vehicles, making them a more appealing choice for a broader audience.

Europe Electric Motor Industry Segmentation

The report titled “Europe Electric Motor Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Motor Type:

• AC Motors
• DC Motors

Market Breakup by Voltage:

• Less than 1 kV
• Between 1kV-6kV
• Higher than 6 kV

Market Breakup by Application:

• Residential and Commercial
• Industrial
• Mobility

Market Breakup by Country:

• Germany
• United Kingdom
• France
• Russia
• Italy
• Others

Europe Electric Motor Market Share

Based on the application, the market is segmented into automotive, industrial, residential, and commercial. The automotive sector is projected to grow at a CAGR of 5.4% during the forecast period of 2025-2034 due to the growing demand for electric vehicles. Electric motors play a crucial role in the automotive sector by driving the sales of electric vehicles (EVs), e-bikes, and public transportation systems. These motors provide an efficient and environmentally friendly means of propulsion, thus propelling the electric motor market in Europe. They help decrease carbon emissions, enhance energy efficiency, and support the transition towards more sustainable and cleaner transportation solutions in urban areas and various sectors.

Leading Companies in Europe Electric Motor Market

Leading companies in the market are adopting advanced technologies and developing energy-efficient motors to improve Europe electric motor market outlook.

ABB Ltd.

ABB Ltd. is based in Zurich, Switzerland, and was established in 1988. The company is recognised as a global frontrunner in power and automation technologies, delivering innovative solutions in electrification, robotics, and industrial automation.

Siemens AG

Siemens AG is in in Munich, Germany, and was founded in 1847. This multinational conglomerate is dedicated to electrification, automation, and digitalisation. Siemens focuses on sectors such as energy, infrastructure, and healthcare, providing advanced solutions aimed at improving efficiency and sustainability in industries worldwide.

Robert Bosch GmbH

Robert Bosch GmbH is headquartered in Gerlingen, Germany, and was founded in 1886. Bosch stands as a prominent engineering and technology firm, offering a diverse array of products ranging from automotive components to industrial machinery and household appliances, consequently driving up the Europe electric motor market share.

TECO-Westinghouse

TECO-Westinghouse is based in Round Rock, Texas, USA, and was established in 1995. This company specialises in the production of electric motors and generators tailored for industrial applications.

Other key players in the market are Regal Rexnord Corporation, Toshiba Corp., Weg SA, O.M.E. Motori Elettrici s.r.l., Johnson Electric Holdings Limited, and Nidec Corporation, among others.