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

The Italy electric motor market size reached around USD 2.62 Billion in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034 to reach nearly USD 4.19 Billion by 2034.

Italy Electric Motor Market Growth

Italy boasts a strong automotive sector, achieving a turnover of EUR 92.7 billion in 2022. This figure constituted 9.3% of the total manufacturing turnover in the country and represented 5.2% of Italy's GDP. The revenue generated by the automotive sector in the same year was EUR 92.7 billion, highlighting its significant contribution to the national economy, leading to Italy electric motor market development.

Electric motors are essential to the automotive sector, particularly with the growing emphasis on electric vehicles (EVs) and hybrid models. In 2023, sales of electric vehicles surged to 16,000 units, marking an increase of nearly 60%. Electric motors serve as the main source of propulsion in electric vehicles, converting electrical energy from the battery into mechanical energy to power the wheels. Common types of electric motors utilised for this purpose include Permanent Magnet Synchronous Motors (PMSMs), Induction Motors, and Brushless DC Motors (BLDCs). In hybrid vehicles, electric motors collaborate with internal combustion engines (ICEs) to enhance fuel efficiency and minimise emissions, consequently driving up the Italy electric motor market share.

Electric motors are integral to residential applications, serving vital functions in a variety of household appliances and electronic systems. Data from GfK indicates that in Italy, the sales of consumer technology products experienced a growth of 5.5% in 2020, with the total market value reaching 15.5 billion euros. Furthermore, recent innovations are aimed at enhancing the energy efficiency of electric motors used in residential settings. High-efficiency motors contribute to a reduction in energy consumption and lower utility expenses. Additionally, the incorporation of smart technology facilitates improved control and monitoring of motor-operated devices, thereby supporting energy conservation initiatives.

Key Trends and Developments

Rising demand for electric vehicles, advancement in material science, and growing environmental concerns are favouring the Italy electric motor market expansion.

January 2024

BYD launched its electric SUV, BYD Seal U, in the European market to expand its offerings in the region. The vehicle, available in two trim levels (Design and Comfort), are driven by a powerful permanent magnet synchronous electric motor.

August 2023

As per Italy electric motor market analysis, Hyundai Motor announced the commencement of the production of its new KONA Electric at the Hyundai Motor Manufacturing Czech (HMMC), its Czech Republic-based plant. The plant is intended to manufacture a 65.4-kWh battery pack KONA Electric equipped with a 160-kW electric motor and the base version featuring a 114.6-kW electric motor.

July 2021

To jointly design a new liquid-cooled electric motor for use in Energica's next line of electric motorcycles, the Italian electric motorbike maker Energica has teamed up with the Italian technical firm Mavel. The new liquid-cooled drivetrain, known as the EMCE boosts peak power to 126 kW (169 bhp), up from 110 kW (147 bhp) on the outgoing unit.

Advancements in Material Sciences

One of the notable Italy electric motor trends is the advancements in material sciences and the development of materials. This includes things like samarium cobalt and neodymium magnets with improved electrical and magnetic properties that are expected to surge the efficiency and performance of electric motors in the forecast period.

Growing Environmental Concerns

Surging environmental concerns and the rising demand for sustainable energy sources are leading to the development of energy-efficient motors such as axial flax motors and brushless DC motors that can improve the overall efficiency of electric systems and reduce their energy consumption.

Integration of Advanced Control Systems in Electric Motors

There is a rising trend of integrating advanced control systems in electric motors to enable precise control of motor torque, speed, and energy consumption, hence optimising their overall performance. Advancements in electric motor technology are also enhancing the range, power, efficiency, and overall performance of electric vehicles.

Reducing Dependency on Rare Earth Magnets

The Italy electric motor market developments are further enhanced by the way researchers are developing rare earth magnet-free electric motors with excellent power and torque density to reduce the dependency on rare earth magnets and make motors, and consequently electric vehicles, more climate-friendly.

Rising Demand for Automation

As Italy's manufacturing sector continues to embrace automation, the demand for electric motors is expected to rise across these various applications. This trend highlights the importance of innovation in motor technology, including advancements in energy efficiency, compact design, and smart capabilities, to meet the evolving needs of the sectors.

Italy Electric Motor Market Trends

Increasing sales of electric vehicles, the expansion of charging infrastructure, favourable government initiatives, and the increasing adoption of electric micro-mobility solutions are significantly driving the demand for electric motors. In 2022, the share of plug-in and pure electric vehicles in Italy reached 8.6% in 2022, translating to nearly 113,000 vehicles.

As per the Italy electric motor market analysis, the emergence of technologies such as advanced magnetic materials, solid-state inverters, and integrated motor-inverter systems is anticipated to revolutionise the electric vehicle market in the forecast period. Besides, electric motors are increasingly integrated with the Internet of Things (IoT) to enable predictive maintenance and real-time data monitoring, reducing their downtime.

Italy Electric Motor Industry Segmentation

The report titled “Italy 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
• DC

Market Breakup by Voltage:

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

Market Breakup by Application:

• Residential
• Commercial
• Automotive
• Industrial

Market Breakup by Region:

• North-West Region
• North-East Region
• Central Region
• South Region

Italy Electric Motor Market Share

Based on the application, the market is segmented into residential, commercial, automotive, and industrial. The automotive segment is projected to grow at a CAGR of 5.3% during the forecast period of 2025-2034. Electric motors play a crucial role in the automotive sector by powering electric vehicles, enhancing fuel efficiency in hybrid models, and driving auxiliary systems like power steering and cooling fans. This technology greatly aids in the advancement of cleaner, quieter, and more energy-efficient transportation solutions.

Leading Companies in the Italy Electric Motor Market

Major players are focusing on adopting technological advancements and producing energy-efficient motors to gain a competitive edge in the Italy electric motor market.

ABB Ltd.

ABB Ltd. is headquartered in Zurich, Switzerland, and was founded in 1988. The company is a leading global player in robotics, electrification, and automation technology. The company provides innovative solutions to a diverse range of sectors, utilities, and transportation sectors worldwide.

Siemens AG

Siemens AG was established in 1847 and is based in Munich, Germany. The company is well-known for its expertise in automation, digitalisation, and electrification technologies. The company caters to a broad spectrum of sectors, including infrastructure, healthcare, and industrial manufacturing, by offering advanced engineering solutions.

Robert Bosch GmbH

As per Italy electric motor market analysis, the company was founded in 1886 and is headquartered in Stuttgart, Germany, Robert Bosch GmbH is a top manufacturer of industrial technology, automotive components, and consumer products, recognised globally for its dedication to innovation and quality.

TECO-Westinghouse

The company was founded in 1988 and is headquartered in Texas, USA. TECO-Westinghouse specialises in the manufacturing of electric motors and generators. The company is dedicated to serving heavy industrial sectors with a focus on energy-efficient and reliable products.

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