Electric Motor Market Size, Trends and Insights By Type (AC, DC), By Output Power (>1HP, <1HP), By Rotor Type (Inner Rotor, Output Rotor), By End-user (Industrial, Commercial, Residential, Agriculture, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI20038

Published Date: October 2022

Pages: 220+

Category: Semiconductors & Electronics

Report Snapshot

CAGR: 7%
165B
2021
182B
2022
322B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ABB Group
  • DENSO
  • ARC Systems Inc.
  • Siemens AG
  • Others

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Reports Description

The Rising demand for HVAC systems is Boosting the Electric Motor Market. 

According to Custom Market Insights (CMI), The Global Electric Motor Market size was estimated at USD 165 billion in 2021 and is expected to reach USD 182 billion in 2022 and is anticipated to reach around USD 322 billion by 2030, growing at a CAGR of roughly 7% between 2022 and 2030. Our research report offers a 4.5-degree view of the Electric Motor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric Motor market.

Electric Motor Market (By Type)

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Electric Motor Market: Overview

An electric motor transforms electrical energy into mechanical energy. Fans, electric toothbrushes, electric shavers, electric pumps, robots, and windshield scrubbers are just a few examples of the many uses for electric motors. Industries like automotive, pharmaceutical, robotics, and healthcare all use micromotors. It is compact, light, and has a strong torque.

 Electric motors are increasingly used in industrial settings because of their high efficiency, excellent torque, durability, exceptional controllability, and reliability. Some significant market growth drivers are the rise in demand for electric motors from electric car applications, robotics technologies, and HVAC applications.

Electric Motor Market: COVID – 19 Impact Analysis

All industries have been negatively impacted by the worldwide health emergency brought on by the COVID-19 new coronavirus’s rapid proliferation. After tight regulations like a statewide shutdown are imposed to limit the virus’s spread, industries must endure a significant loss. As a result, the viral pandemic has changed the market for electric motors. Due to a lack of personnel and travel restrictions, production operations have been halted, and the market has reached a standstill. This is because the enormous market has extensive sales channels spanning multiple nations.

The pandemic crisis hurt currencies all across the world, and several of them experienced rapid depreciation. Due to this, there is a difference between the value of worldwide imports and exports paid for in US dollars. Therefore, currency depreciation costs component makers money and is expected to restrain the global electric motors market further.

Electric Motor Market: Growth Drivers

Increased demand for HVAC systems

HVAC (heating, ventilation, and air conditioning) systems maintain indoor air quality while also ensuring thermal comfort. Especially for significant office buildings or commercial centers are one of the fundamental building pieces of modern infrastructure. Electric DC motors are frequently employed in HVAC systems to achieve high airflow system efficiency and extend their life and power. Due to the ongoing expansion of their industrial and commercial sectors, Asia-Pacific, particularly China and India, is experiencing a rise in the demand for HVAC systems.

Electric Motor Market ( by End-user)

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It is projected that brushless DC motors will be used, an introductory class of electric motors used in HVAC and automotive applications. Due to substantial advancements in electric vehicle technology, more brushless DC motors are installed in electric cars (EVs) and hybrid electric vehicles (HEV). In addition, the need for HVAC systems has increased in the Asia Pacific due to the current development of the industrial and commercial sectors in India and China, which is also propelling the market for electric motors.

The surging demand for energy-efficient motors

Intense electricity usage regulations and growing electricity prices are the main factors driving the demand for energy-efficient motors. Further requiring firms to create efficient products are strict production and design requirements that aim to increase production efficiency. As a result, the market is gradually moving toward using effective motorized systems. But a lack of knowledge about their benefits and a hefty initial investment cost prevent the sector from reaching its full potential.

Electric motors’ use in electric vehicles is growing due to their environmental advantages. These devices help increase a device’s efficiency compared to regular ones and reduce energy consumption-related costs. Additionally, it is anticipated that consumers’ focus would turn toward electric type due to growing sensitivity to environmental concerns and the greenhouse impact, which is expected to support demand. Over the next several years, the order for the product will likely increase due to the need for low-power consumption and goods with increased efficiency.

Electric Motor Market: Segmentation Analysis

In our research scope, the Electric Motor market is segmented into type, output, rotor type, and end-user. Based on rotor type, the inner rotor motor segment is estimated to witness considerable CAGR during 2022-2030. The rotors in the center of internal rotor motors are surrounded by stator winding. In the manufacturing, automotive, and consumer electronics sectors, these motors are employed in applications for robots, CNC machines, automatic door openers, and metal cutting and shaping machines. These applications call for engines with quick speed acceleration and deceleration, strong starting torque, the capacity to perform reversible actions, and compact design. According to the IEA’s EV Outlook 2020, 2 million electric vehicles were sold globally in 2019, a 40% increase over the previous year. This indicates that the need for inner rotor electric motors will be fueled by the rising demand for electric vehicles and the quicker manufacturing of those vehicles in the upcoming years.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 165 Billion
Projected Market Size in 2030 USD 322 Billion
Market Size in 2022 USD 182 Billion
CAGR Growth Rate 7% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players ABB Group, DENSO, ARC Systems Inc., Siemens AG, General Electric, Asmo Co. Ltd., Nidec Motor Corporation, Regal Beloit Corporation, WEG, Toshiba Corporation, Hitachi, Emerson Electric, Bosch, Johnson Electric Holdings Limited, Maxon Motors AG, Rockwell Automation Inc., AMETEK Inc., and Others
Key Segment By Type, Output Powe, Rotor Type, End-user, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Electric Motor market is estimated to grow annually at a CAGR of around 7% over the forecast period (2022-2030).
  • In terms of revenue, the Electric Motor market was valued at around USD 165 billion in 2021 and is projected to reach USD 322 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on type segmentation, the AC electric motor segment was estimated to hold the maximum market share in 2021.
  • Based on the output, the above one hp motors segment was the top revenue-generating category in 2021.
  • Based on rotor type segmentation, the inner rotor segment is projected to notice a high CAGR from 2022-2030. 
  • The industrial segment is anticipated to dominate the market based on end-user segmentation. 
  • Based on geography/region, the Asia Pacific region is anticipated to show a high CAGR during 2022-2030.

Recent Development

  • April 2021: A high-output electric motor has been developed by Yamaha Motor Co., Ltd., a leading manufacturer in Japan, focusing on hyper-EV vehicles and other products in the high-output mobility market.
  • August 2021: In addition to announcing plans for its new subsidiaries, Nidec Corporation purchased Mitsubishi Heavy Industries Machine Tool Co., Ltd.’s equity.

Regional Landscape

The largest electric motor market is anticipated to be in the Asia Pacific over the forecast period. China, India, South Korea, Japan, and the rest of Asia Pacific are all included in the Asia Pacific. The Asia Pacific region is rapidly industrializing, and as a result, all industries are moving toward internet-based operations. The developed nations in the Asia Pacific, including South Korea and Japan, are reportedly just beginning to realize the possibilities of cutting-edge services and linked devices. The region’s automobile industry is likewise thriving. The world’s largest vehicle manufacturing is located in the Asia Pacific. These factors are anticipated to support the market’s growth in the Asia Pacific region.

Electric Motor Market (trends by region)

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Competitive Landscape

With their extensive product offerings for various end-user markets, ABB Group and General Electric have a significant position in the market. These businesses have the necessary products for multiple applications, a sophisticated stator rotor, and copper rotor technology, all of which improve motors’ performance, efficiency, and dependability. They also hold leadership positions in several industries, including battery production and renewable energy, which helps them seize business possibilities from several clients.

Prominent Players:

  • ABB Group
  • DENSO
  • ARC Systems Inc.
  • Siemens AG
  • General Electric
  • Asmo Co. Ltd.
  • Nidec Motor Corporation
  • Regal Beloit Corporation
  • WEG
  • Toshiba Corporation
  • Hitachi
  • Emerson Electric
  • Bosch
  • Johnson Electric Holdings Limited
  • Maxon Motors AG
  • Rockwell Automation Inc.
  • AMETEK Inc.

The global Electric Motor market is segmented as follows:

By Type

  • AC
  • DC

By Output Power

  • >1HP
  • <1HP

By Rotor Type

  • Inner Rotor
  • Output Rotor

By End-user

  • Industrial
  • Commercial
  • Residential
  • Agriculture
  • Automotive
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Motor Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Electric Motor Market: snapshot
  • Chapter 3. Global Electric Motor Market – Industry Analysis
    • 3.1 Electric Motor Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increased demand for HVAC systems
      • 3.2.2 The surging demand for energy-efficient motors
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Output Power
      • 3.7.3 Market attractiveness analysis By Rotor Type
      • 3.7.4 Market attractiveness analysis By End-user
  • Chapter 4. Global Electric Motor Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Motor Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Motor Market – Type Analysis
    • 5.1 Global Electric Motor Market overview: By Type
      • 5.1.1 Global Electric Motor Market share, By Type, 2021 and 2030
    • 5.2 AC
      • 5.2.1 Global Electric Motor Market by AC, 2022 – 2030 (USD Billion)
    • 5.3 DC
      • 5.3.1 Global Electric Motor Market by DC, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Electric Motor Market – Output Power Analysis
    • 6.1 Global Electric Motor Market overview: By Output Power
      • 6.1.1 Global Electric Motor Market share, By Output Power, 2021 and 2030
    • 6.2 >1HP
      • 6.2.1 Global Electric Motor Market by >1HP, 2022 – 2030 (USD Billion)
    • 6.3 <1HP
      • 6.3.1 Global Electric Motor Market by <1HP, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Electric Motor Market – Rotor Type Analysis
    • 7.1 Global Electric Motor Market overview: By Rotor Type
      • 7.1.1 Global Electric Motor Market share, By Rotor Type, 2021 and 2030
    • 7.2 Inner Rotor
      • 7.2.1 Global Electric Motor Market by Inner Rotor, 2022 – 2030 (USD Billion)
    • 7.3 Output Rotor
      • 7.3.1 Global Electric Motor Market by Output Rotor, 2022 – 2030 (USD Billion)
  • Chapter 8. Global Electric Motor Market – End-user Analysis
    • 8.1 Global Electric Motor Market overview: By End-user
      • 8.1.1 Global Electric Motor Market share, By End-user, 2021 and 2030
    • 8.2 Industrial
      • 8.2.1 Global Electric Motor Market by Industrial, 2022 – 2030 (USD Billion)
    • 8.3 Commercial
      • 8.3.1 Global Electric Motor Market by Commercial, 2022 – 2030 (USD Billion)
    • 8.4 Residential
      • 8.4.1 Global Electric Motor Market by Residential, 2022 – 2030 (USD Billion)
    • 8.5 Agriculture
      • 8.5.1 Global Electric Motor Market by Agriculture, 2022 – 2030 (USD Billion)
    • 8.6 Automotive
      • 8.6.1 Global Electric Motor Market by Automotive, 2022 – 2030 (USD Billion)
    • 8.7 Others
      • 8.7.1 Global Electric Motor Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 9. Electric Motor Market – Regional Analysis
    • 9.1 Global Electric Motor Market Regional Overview
    • 9.2 Global Electric Motor Market Share, by Region, 2021 & 2030 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Electric Motor Market, 2022 – 2030 (USD Billion)
        • 9.3.1.1 North America Electric Motor Market, by Country, 2022 – 2030 (USD Billion)
    • 9.4 North America Electric Motor Market, by Type, 2022 – 2030
      • 9.4.1 North America Electric Motor Market, by Type, 2022 – 2030 (USD Billion)
    • 9.5 North America Electric Motor Market, by Output Power, 2022 – 2030
      • 9.5.1 North America Electric Motor Market, by Output Power, 2022 – 2030 (USD Billion)
    • 9.6 North America Electric Motor Market, by Rotor Type, 2022 – 2030
      • 9.6.1 North America Electric Motor Market, by Rotor Type, 2022 – 2030 (USD Billion)
    • 9.7 North America Electric Motor Market, by End-user, 2022 – 2030
      • 9.7.1 North America Electric Motor Market, by End-user, 2022 – 2030 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Electric Motor Market, 2022 – 2030 (USD Billion)
        • 9.8.1.1 Europe Electric Motor Market, by Country, 2022 – 2030 (USD Billion)
    • 9.9 Europe Electric Motor Market, by Type, 2022 – 2030
      • 9.9.1 Europe Electric Motor Market, by Type, 2022 – 2030 (USD Billion)
    • 9.10 Europe Electric Motor Market, by Output Power, 2022 – 2030
      • 9.10.1 Europe Electric Motor Market, by Output Power, 2022 – 2030 (USD Billion)
    • 9.11 Europe Electric Motor Market, by Rotor Type, 2022 – 2030
      • 9.11.1 Europe Electric Motor Market, by Rotor Type, 2022 – 2030 (USD Billion)
    • 9.12 Europe Electric Motor Market, by End-user, 2022 – 2030
      • 9.12.1 Europe Electric Motor Market, by End-user, 2022 – 2030 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Electric Motor Market, 2022 – 2030 (USD Billion)
        • 9.13.1.1 Asia Pacific Electric Motor Market, by Country, 2022 – 2030 (USD Billion)
    • 9.14 Asia Pacific Electric Motor Market, by Type, 2022 – 2030
      • 9.14.1 Asia Pacific Electric Motor Market, by Type, 2022 – 2030 (USD Billion)
    • 9.15 Asia Pacific Electric Motor Market, by Output Power, 2022 – 2030
      • 9.15.1 Asia Pacific Electric Motor Market, by Output Power, 2022 – 2030 (USD Billion)
    • 9.16 Asia Pacific Electric Motor Market, by Rotor Type, 2022 – 2030
      • 9.16.1 Asia Pacific Electric Motor Market, by Rotor Type, 2022 – 2030 (USD Billion)
    • 9.17 Asia Pacific Electric Motor Market, by End-user, 2022 – 2030
      • 9.17.1 Asia Pacific Electric Motor Market, by End-user, 2022 – 2030 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Electric Motor Market, 2022 – 2030 (USD Billion)
        • 9.18.1.1 Latin America Electric Motor Market, by Country, 2022 – 2030 (USD Billion)
    • 9.19 Latin America Electric Motor Market, by Type, 2022 – 2030
      • 9.19.1 Latin America Electric Motor Market, by Type, 2022 – 2030 (USD Billion)
    • 9.20 Latin America Electric Motor Market, by Output Power, 2022 – 2030
      • 9.20.1 Latin America Electric Motor Market, by Output Power, 2022 – 2030 (USD Billion)
    • 9.21 Latin America Electric Motor Market, by Rotor Type, 2022 – 2030
      • 9.21.1 Latin America Electric Motor Market, by Rotor Type, 2022 – 2030 (USD Billion)
    • 9.22 Latin America Electric Motor Market, by End-user, 2022 – 2030
      • 9.22.1 Latin America Electric Motor Market, by End-user, 2022 – 2030 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Electric Motor Market, 2022 – 2030 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Electric Motor Market, by Country, 2022 – 2030 (USD Billion)
    • 9.24 The Middle-East and Africa Electric Motor Market, by Type, 2022 – 2030
      • 9.24.1 The Middle-East and Africa Electric Motor Market, by Type, 2022 – 2030 (USD Billion)
    • 9.25 The Middle-East and Africa Electric Motor Market, by Output Power, 2022 – 2030
      • 9.25.1 The Middle-East and Africa Electric Motor Market, by Output Power, 2022 – 2030 (USD Billion)
    • 9.26 The Middle-East and Africa Electric Motor Market, by Rotor Type, 2022 – 2030
      • 9.26.1 The Middle-East and Africa Electric Motor Market, by Rotor Type, 2022 – 2030 (USD Billion)
    • 9.27 The Middle-East and Africa Electric Motor Market, by End-user, 2022 – 2030
      • 9.27.1 The Middle-East and Africa Electric Motor Market, by End-user, 2022 – 2030 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 ABB Group
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 DENSO
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 ARC Systems Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Siemens AG
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 General Electric
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Asmo Co. Ltd.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Nidec Motor Corporation
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Regal Beloit Corporation
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 WEG
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Toshiba Corporation
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Hitachi
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Emerson Electric
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Bosch
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Johnson Electric Holdings Limited
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Maxon Motors AG
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Rockwell Automation Inc.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
    • 10.17 AMETEK Inc.
      • 10.17.1 Overview
      • 10.17.2 Financials
      • 10.17.3 Product Portfolio
      • 10.17.4 Business Strategy
      • 10.17.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Electric Motor Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Electric Motor Market attractiveness, By Type
  • 6. Global Electric Motor Market attractiveness, By Output Power
  • 7. Global Electric Motor Market attractiveness, By Rotor Type
  • 8. Global Electric Motor Market attractiveness, By End-user
  • 9. Global Electric Motor Market share by Type, 2022 and 2030 (USD Billion)
  • 10. Global Electric Motor Market by AC, 2022 – 2030 (USD Billion)
  • 11. Global Electric Motor Market by DC, 2022 – 2030 (USD Billion)
  • 12. Global Electric Motor Market share by Output Power, 2022 and 2030 (USD Billion)
  • 13. Global Electric Motor Market by >1HP, 2022 – 2030 (USD Billion)
  • 14. Global Electric Motor Market by <1HP, 2022 – 2030 (USD Billion)
  • 15. Global Electric Motor Market share by Rotor Type, 2022 and 2030 (USD Billion)
  • 16. Global Electric Motor Market by Inner Rotor, 2022 – 2030 (USD Billion)
  • 17. Global Electric Motor Market by Output Rotor, 2022 – 2030 (USD Billion)
  • 18. Global Electric Motor Market share by End-user, 2022 and 2030 (USD Billion)
  • 19. Global Electric Motor Market by Industrial, 2022 – 2030 (USD Billion)
  • 20. Global Electric Motor Market by Commercial, 2022 – 2030 (USD Billion)
  • 21. Global Electric Motor Market by Residential, 2022 – 2030 (USD Billion)
  • 22. Global Electric Motor Market by Agriculture, 2022 – 2030 (USD Billion)
  • 23. Global Electric Motor Market by Automotive, 2022 – 2030 (USD Billion)
  • 24. Global Electric Motor Market by Others, 2022 – 2030 (USD Billion)
  • 25. Global Electric Motor Market share, by Region, 2022 and 2030
  • 26. North America Electric Motor Market, 2022 – 2030 (USD Billion)
  • 27. Europe Electric Motor Market, 2022 – 2030 (USD Billion)
  • 28. Asia Pacific Electric Motor Market, 2022 – 2030 (USD Billion)
  • 29. Latin America Electric Motor Market, 2022 – 2030 (USD Billion)
  • 30. The Middle-East and Africa Electric Motor Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Electric Motor Market: Snapshot
  • 2. Drivers of the Electric Motor Market: impact analysis
  • 3. North America Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 5. North America Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 6. North America Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 7. U.S. Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. U.S. Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 9. U.S. Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 10. U.S. Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 11. Canada Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Canada Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 13. Canada Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 14. Canada Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 15. Europe Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. Europe Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 17. Europe Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 18. Europe Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 19. Germany Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Germany Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 21. Germany Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 22. Germany Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 23. France Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. France Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 25. France Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 26. France Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 27. U.K. Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. U.K. Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 29. U.K. Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 30. U.K. Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 31. Italy Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. Italy Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 33. Italy Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 34. Italy Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 35. Spain Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Spain Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 37. Spain Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 38. Spain Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 39. Rest of Europe Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Rest of Europe Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 41. Rest of Europe Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 42. Rest of Europe Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 43. Asia Pacific Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Asia Pacific Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 45. Asia Pacific Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 46. Asia Pacific Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 47. China Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. China Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 49. China Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 50. China Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 51. Japan Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Japan Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 53. Japan Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 54. Japan Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 55. India Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 56. India Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 57. India Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 58. India Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 59. South Korea Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 60. South Korea Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 61. South Korea Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 62. South Korea Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 63. South-East Asia Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 64. South-East Asia Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 65. South-East Asia Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 66. South-East Asia Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 67. Rest of Asia Pacific Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 68. Rest of Asia Pacific Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 69. Rest of Asia Pacific Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 70. Rest of Asia Pacific Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 71. Latin America Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 72. Latin America Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 73. Latin America Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 74. Latin America Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 75. Brazil Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 76. Brazil Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 77. Brazil Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 78. Brazil Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 79. Mexico Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 80. Mexico Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 81. Mexico Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 82. Mexico Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 83. Rest of Latin America Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 84. Rest of Latin America Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 85. Rest of Latin America Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 86. Rest of Latin America Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 87. The Middle-East and Africa Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 88. The Middle-East and Africa Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 89. The Middle-East and Africa Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 90. The Middle-East and Africa Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 91. GCC Countries Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 92. GCC Countries Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 93. GCC Countries Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 94. GCC Countries Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 95. South Africa Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 96. South Africa Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 97. South Africa Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 98. South Africa Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)
  • 99. Rest of Middle-East Africa Electric Motor Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 100. Rest of Middle-East Africa Electric Motor Market revenue, By Output Power, 2022 – 2030 (USD Billion)
  • 101. Rest of Middle-East Africa Electric Motor Market revenue, By Rotor Type, 2022 – 2030 (USD Billion)
  • 102. Rest of Middle-East Africa Electric Motor Market revenue, By End-user, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • ABB Group
  • DENSO
  • ARC Systems Inc.
  • Siemens AG
  • General Electric
  • Asmo Co. Ltd.
  • Nidec Motor Corporation
  • Regal Beloit Corporation
  • WEG
  • Toshiba Corporation
  • Hitachi
  • Emerson Electric
  • Bosch
  • Johnson Electric Holdings Limited
  • Maxon Motors AG
  • Rockwell Automation Inc.
  • AMETEK Inc.

FAQs

“Asia Pacific” region will lead the global Electric Motor market during the forecast period 2022 to 2030.

The key factors driving the market are Increased demand for HVAC systems, The surging demand for energy-efficient motors

The key players operating in the Electric Motor market are ABB Group, DENSO, ARC Systems Inc., Siemens AG, General Electric, Asmo Co. Ltd., Nidec Motor Corporation, Regal Beloit Corporation, WEG, Toshiba Corporation, Hitachi, Emerson Electric, Bosch, Johnson Electric Holdings Limited, Maxon Motors AG, Rockwell Automation Inc., AMETEK Inc.

The global Electric Motor market is expanding growth with a CAGR of approximately 7% during the forecast period (2022 to 2030).

The global Electric Motor market size was valued at USD 165 Billion in 2021 and it is projected to reach around USD 322 Billion by 2030.

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