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PUBLISHER: Grand View Research | PRODUCT CODE: 1611640
PUBLISHER: Grand View Research | PRODUCT CODE: 1611640
Electric Motor Market Size, Share & Trends Analysis Report By Motor (AC, DC, Hermetic), By Power Output (Integral HP Output, Fractional HP Output), By Application, By Region, And Segment Forecasts, 2025 - 2030
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Electric Motor Market Growth & Trends:
The global electric motor market size is expected to reach USD 322.08 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2024 to 2030. Rapid technological advancements have been playing an imperative role in the growth of the market. Further, improved insulation and operational efficiency have significantly improved the electro-mechanical machines in terms of safety and functionalities, leading to increased demand across multiple industries. Electric motors are used in multiple applications across industry verticals such as home appliances, industrial machinery, and vehicles. The market is expected to witness high growth from Heating, Ventilation, and Cooling (HVAC) applications as they are an inseparable component of HVAC equipment.
Rising fuel prices across the globe are impelling people to shift to non-conventional fuel alternatives. As a result, electric vehicles are manufactured with a view of reducing operational costs and carbon footprint. The upsurge in the production of electric vehicles is expected to positively impact the demand for electric motors as they are used in various applications ranging from performance components to comfort components of the vehicle.
The industry is characterized by regulatory policies and government initiatives that promote energy efficiency in machines and equipment. High-efficiency and output, low power consumption, increased operational life, and low maintenance costs are essential requirements for the electro-mechanical machines. Notably, technological innovations have introduced improved design, components, and motor specifications resulting in fulfillment of end-user requirements. Innovations and evolving policy frameworks are crucial for industry development and will play a key role in fueling the demand for the products over the forecast period.
Asia Pacific region held the largest revenue share in the electric motor market in 2023 and is projected to witness the fastest CAGR from 2024 to 2030. The growth can be attributed to increasing industrialization investments in countries such as China, India, South Korea, and Australia. Further, the scope for market growth in the region is expected to increase significantly over the coming years, owing to the evolving agriculture sector through efficient irrigation practices and technology transfer.
Electric Motor Market Report Highlights:
- Based on motors, the AC motors segment dominated the global market with a revenue share of 71.2% in 2024. This high share is attributable to AC motors' extensive applications, ranging from irrigation pumps to modern-day robotics.
- Fractional HP output segment held the largest revenue share of this market in 2024. The growth of this segment is mainly influenced by factors such as its wide array of use cases in all household appliances, ranging from vacuum cleaners to coffee machines and refrigerators.
- Based on application, the motor vehicles segment dominated the global electric motor market in 2024.
- Asia Pacific electric motor market dominated the global industry, with a revenue share of 51.2% in 2024.
Product Code: 978-1-68038-662-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Electric Motor Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Industry Analysis Tools
- 3.3.1. PORTER's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. PORTER's Analysis
Chapter 4. Electric Motor Market: Motor Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Electric Motor Market: Motor Movement Analysis, USD Billion, 2024 & 2030
- 4.3. AC Motor
- 4.3.1. AC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Synchronous AC Motor
- 4.3.2.1. Synchronous AC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.3.3. Induction AC Motor
- 4.3.3.1. Induction AC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. DC Motor
- 4.4.1. DC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.2. Brushed DC Motor
- 4.4.2.1. Brushed DC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4.3. Brushless DC Motor
- 4.4.3.1. Brushless DC Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Hermetic Motor
- 4.5.1. Hermetic Motor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Electric Motor Market: Power Output Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Electric Motor Market: Power Output Movement Analysis, USD Billion, 2024 & 2030
- 5.3. Integral HP Output
- 5.3.1. Integral HP Output Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Fractional HP Output
- 5.4.1. Fractional HP Output Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Electric Motor Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Electric Motor Market: Application Movement Analysis, USD Billion, 2024 & 2030
- 6.3. BFSI
- 6.3.1. BFSI Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Industrial Machinery
- 6.4.1. Industrial Machinery Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Motor Vehicles
- 6.5.1. Motor Vehicles Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.6. HVAC Equipment
- 6.6.1. HVAC Equipment Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.7. Aerospace & Transportation
- 6.7.1. Aerospace & Transportation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.8. Household Appliances
- 6.8.1. Household Appliances Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.9. Others
- 6.9.1. Other Applications Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Electric Motor Market: Region Estimates & Trend Analysis
- 7.1. Electric Motor Market Share, By Region, 2024 & 2030, USD Billion
- 7.2. North America
- 7.2.1. North America Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. India
- 7.4.3.1. India Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. Japan
- 7.4.4.1. Japan Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. Australia
- 7.4.5.1. Australia Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. MEA
- 7.6.1. MEA Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. UAE Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. KSA
- 7.6.3.1. KSA Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Electric Motor Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. ABB
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Application Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Allied Motion, Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Application Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. AMETEK.Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Application Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Johnson Electric Holdings Limited
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Application Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Nidec Motor Corporation
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Application Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Franklin Electric
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Application Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Regal Rexnord Corporation
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Application Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Schneider Electric
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Application Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Siemens
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Application Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. ORIENTAL MOTOR USA CORP.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Application Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.1. ABB
Product Code: 978-1-68038-662-2
List of Tables
- Table 1 Global electric motor market, by region, 2018 - 2030 (USD Billion)
- Table 2 Global electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 3 Global electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 4 Global electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 5 North America electric motor market, by country, 2018 - 2030 (USD Billion)
- Table 6 North America electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 7 North America electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 8 North America electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 9 U.S. electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 10 U.S. electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 11 U.S. electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 12 Canada electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 13 Canada electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 14 Canada electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 15 Mexico electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 16 Mexico electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 17 Mexico electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 18 Europe electric motor market, by country, 2018 - 2030 (USD Billion)
- Table 19 Europe electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 20 Europe electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 21 Europe electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 22 UK electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 23 UK electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 24 UK electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 25 Germany electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 26 Germany electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 27 Germany electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 28 France electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 29 France electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 30 France electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 31 Asia Pacific electric motor market, by country, 2018 - 2030 (USD Billion)
- Table 32 Asia Pacific electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 33 Asia Pacific electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 34 Asia Pacific electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 35 China electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 36 China electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 37 China electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 38 India electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 39 India electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 40 India electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 41 Japan electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 42 Japan electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 43 Japan electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 44 Australia electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 45 Australia electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 46 Australia electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 47 South Korea electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 48 South Korea electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 49 South Korea electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 50 Latin America electric motor market, by country, 2018 - 2030 (USD Billion)
- Table 51 Latin America electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 52 Latin America electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 53 Latin America electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 54 Brazil electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 55 Brazil electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 56 Brazil electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 57 MEA electric motor market, by country, 2018 - 2030 (USD Billion)
- Table 58 MEA electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 59 MEA electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 60 MEA electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 61 UAE electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 62 UAE electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 63 UAE electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 64 KSA electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 65 KSA electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 66 KSA electric motor market, by application, 2018 - 2030 (USD Billion)
- Table 67 South Africa electric motor market, by motor, 2018 - 2030 (USD Billion)
- Table 68 South Africa electric motor market, by power output, 2018 - 2030 (USD Billion)
- Table 69 South Africa electric motor market, by application, 2018 - 2030 (USD Billion)
List of Figures
- Fig. 1 Electric motor market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Value chain-based sizing & forecasting
- Fig. 7 Parent market analysis
- Fig. 8 Market formulation & validation
- Fig. 9 Electric motor market snapshot
- Fig. 10 Electric motor market segment snapshot
- Fig. 11 Electric motor market competitive landscape snapshot
- Fig. 12 Market research process
- Fig. 13 Market driver relevance analysis (Current & future impact)
- Fig. 14 Market restraint relevance analysis (Current & future impact)
- Fig. 15 Electric motor market: Motor outlook key takeaways (USD Billion)
- Fig. 16 Electric motor market: Motor movement analysis (USD Billion), 2024 & 2030
- Fig. 17 AC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Synchronous AC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Induction AC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 DC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Brushed DC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Brushless DC motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Hermetic motors market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Electric motor market: Power output outlook key takeaways (USD Billion)
- Fig. 25 Electric motor market: Power output movement analysis (USD Billion), 2024 & 2030
- Fig. 26 Integral HP output market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Fractional HP output market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 28 Electric motor market: Application outlook key takeaways (USD Billion)
- Fig. 29 Electric motor market: Application movement analysis (USD Billion), 2024 & 2030
- Fig. 30 Industrial machinery market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Motor vehicles market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 HVAC equipment market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Aerospace & transportation market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Household appliances market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Other applications market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Regional marketplace: Key takeaways
- Fig. 37 Electric motor market: Regional outlook, 2024 & 2030, USD Billion
- Fig. 38 North America electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 U.S. electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Canada electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 Mexico electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 Europe electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 UK electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Germany electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 France electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Asia Pacific electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 China electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 India electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 Japan electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 Australia electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 South Korea electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 Latin America electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 Brazil electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 MEA electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 KSA electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 UAE electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 South Africa electric motor market estimates and forecasts, 2018 - 2030 (USD Billion)
- Fig. 58 Strategy framework
- Fig. 59 Company categorization
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