Europe Electric Motor Market, By Product Type, By Application, By Country, Competition, Forecast & Opportunities, 2020-2030F

Europe Electric Motor Market was valued at USD 27.63 Billion in 2024 and is expected to reach USD 43.95 Billion by 2030 with a CAGR of 7.88% during the forecast period.

An electric motor is a device that converts electrical energy into mechanical energy through the interaction of magnetic fields and electric current. It operates based on the principle of electromagnetism, where an electric current flowing through a coil generates a magnetic field that interacts with a fixed magnetic field, producing rotational motion.

Electric motors are widely used in various applications, from household appliances to industrial machinery and electric vehicles. They come in different types, including AC (alternating current) motors and DC (direct current) motors. AC motors, such as induction and synchronous motors, are commonly used in industrial applications, while DC motors, including brushed and brushless types, are preferred for applications requiring precise speed control.

Key Market Drivers

Industrial Automation and Smart Manufacturing

Europe is experiencing a rapid shift towards industrial automation, with industries increasingly adopting robotics, conveyor systems, and automated machinery that rely on electric motors. This transformation is driven by the need for higher productivity, efficiency, and reduced operational costs.

Many European countries, including Germany, France, and the UK, are investing in Industry 4.0, which emphasizes smart manufacturing through automation, IoT-enabled devices, and artificial intelligence. Electric motors play a crucial role in this landscape, as they power everything from robotic arms in manufacturing plants to high-speed automated sorting systems in warehouses. Furthermore, energy efficiency regulations encourage industries to replace older, less efficient motors with advanced models such as permanent magnet synchronous motors (PMSM) and brushless DC motors (BLDC). These motors offer higher efficiency, lower maintenance costs, and improved performance, making them ideal for modern automated systems. 80%+ of European manufacturers are integrating IoT-enabled electric motors for real-time monitoring and predictive maintenance.

Key Market Challenges

High Production Costs and Supply Chain Disruptions

One of the major challenges facing the Europe electric motor market is the high production costs associated with manufacturing energy-efficient and advanced electric motors. The cost of raw materials, such as copper, rare earth metals, and aluminum, has been rising due to supply chain disruptions and increasing global demand. These materials are essential for producing efficient electric motors, especially those used in electric vehicles (EVs), industrial automation, and renewable energy applications.

The reliance on rare earth elements like neodymium and dysprosium, which are primarily sourced from China, poses a significant risk to European manufacturers. Any trade restrictions, geopolitical tensions, or export limitations can lead to supply shortages and increased costs. This dependency makes it difficult for European companies to maintain a stable and cost-effective production process for electric motors. Additionally, logistics challenges and semiconductor shortages have disrupted supply chains in recent years. The COVID-19 pandemic and geopolitical conflicts, such as the Russia-Ukraine war, have caused delays in transportation, shortages of essential components, and increased manufacturing costs. Many companies face longer lead times and higher expenses in sourcing critical components, impacting their ability to meet growing market demand.

Key Market Trends

Growing Demand for High-Efficiency and Energy-Saving Motors

One of the most significant trends in the Europe electric motor market is the increasing demand for high-efficiency and energy-saving motors. With stricter energy regulations and rising electricity costs, industries and consumers are prioritizing motors that consume less power while delivering superior performance. The European Union has enforced stringent energy efficiency standards, such as the Ecodesign Directive and Minimum Energy Performance Standards (MEPS), which require manufacturers to develop motors that meet IE3, IE4, and IE5 efficiency classes. These regulations aim to reduce carbon emissions and promote sustainable industrial practices.

As a result, industries such as manufacturing, HVAC, water treatment, and transportation are transitioning from traditional induction motors to advanced motor technologies like permanent magnet synchronous motors (PMSM), brushless DC motors (BLDC), and switched reluctance motors (SRM). These motors offer higher efficiency, lower maintenance costs, and longer lifespans, making them ideal for modern industrial and commercial applications.

Key Market Players

• ABB Ltd.
• Siemens AG
• Nidec Corporation
• Toshiba Corporation
• Schneider Electric SE
• Rockwell Automation, Inc.
• Emerson Electric Co.
• Mitsubishi Electric Corporation

Report Scope:

In this report, the Europe Electric Motor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Europe Electric Motor Market, By Product Type:

• AC Motors
• DC Motors
• Hermetic Motors

Europe Electric Motor Market, By Application:

• Aerospace & Transportation
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Household Appliances
• Others

Europe Electric Motor Market, By Country:

• Norway
• United Kingdom
• Italy
• Denmark
• Germany
• Netherland
• Poland
• Rest of Europe

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe Electric Motor Market.

Available Customizations:

Europe Electric Motor Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).