세계의 산업용 모터 시장 규모는 2023년 235억 달러에 달했습니다. 향후 IMARC Group은 시장이 2032년까지 328억 달러에 이를 전망이고, 예측 기간 동안 3.6%의 복합 연간 성장률(CAGR)을 나타낼 것으로 예측했습니다. 급속한 기술 진보, 엄격한 에너지 규제 부과, 산업의 현저한 성장과 자동화, 인프라 투자 증가, 세계의 에너지 가격 상승, 맞춤형 모터 수요 증가, 지속가능성 강조 등 시장을 추진하는 주요 요인입니다.
산업용 모터는 전기 에너지를 기계 에너지로 변환하는 데 사용되는 전기 장치를 말합니다. 로터, 베어링, 고정자, 권선, 프레임 등 여러 부품으로 구성되어 있습니다. 산업용 모터는 제조 기계, 광산기계, 수처리 플랜트, 펌프장, 컨베이어 시스템, 엘리베이터, 선박, 재생 가능 에너지 플랜트, 난방,환기,공조(HVAC) 시스템 등에서 널리 사용되고 있습니다. 이들은 운전 효율을 높이고, 에너지 소비를 줄이고, 장비의 수명을 늘리고, 정확한 제어를 제공하고, 신뢰성을 높이고, 자동화를 촉진하며, 유지보수 요구 사항을 최소화하고, 환경 기준을 충족시킵니다.
수송시스템, 수처리시설, 재생가능에너지,프로젝트 등 효율적으로 기능하는 산업용 모터를 필요로 하는 인프라에 대한 투자가 증가하고 있는 것이 시장의 성장을 뒷받침하고 있습니다. 또한 세계의 에너지 가격 상승은 에너지 효율을 높이고 운영 비용을 줄이는 제품 수요를 촉진하고 있습니다. 또한 고객 고유의 요구 사항을 충족하기 위해 맞춤형 모터에 대한 수요가 증가함에 따라 시장 성장이 촉진되고 있습니다. 이와는 별도로 노후화된 모터를 최신 규격에 맞추고 에너지 소비를 줄이기 위해 다양한 산업에서 제품의 채용이 증가하고 있는 것이 시장의 성장을 강화하고 있습니다. 게다가 지속가능성을 중시하게 됨에 따라 기업은 에너지 효율이 높은 산업용 모터 등 환경 친화적인 모터의 채용을 촉진하고 있습니다. 기타 요인으로는 급속한 산업화 활동, 광범위한 연구개발(R&D) 작업, 제조업체와 공급업체의 협력관계 확대 등이 있어 시장 성장의 원동력이 될 것으로 예상됩니다.
급속한 기술 진보
기술의 진화는 산업용 모터 시장에서 중요한 역할을 합니다. 이에 따라 에너지 효율이 높고 지능적이고 고도로 통합된 모터 시스템의 개척으로 이어지는 모터 설계와 제어의 혁신이 시장 성장을 가속하고 있습니다. 또한 재료과학, 냉각기술, 전자제어시스템의 발전으로 모터의 성능 향상과 에너지 소비 절감이 가능해 시장 성장을 지원하고 있습니다. 이와는 별도로, 사물인터넷(IoT) 접속, 예지보전, 원격감시 등의 기능을 갖춘 모터를 도입하기 위해 제조업체가 연구개발(R&D)에 투자하는 경우가 늘고 있습니다.
엄격한 에너지 규제 도입
정부와 국제기구는 기후 변화와 싸우고 세계의 에너지 소비를 줄이기 위해 엄격한 에너지 규제를 적극적으로 시행하고 있습니다. 이러한 규제는 산업계에 대하여 일정한 기준이나 성능 기준에 적합한 산업용 모터를 포함한 에너지 효율이 높은 기기의 채용을 의무화하고 있습니다. 또한 다양한 지역이 모터의 최저 효율 성능 기준을 설정하고 있기 때문에 제조업체는 이러한 기준값을 충족하거나 초과하는 모터를 개발하고 산업계는 이를 이용하도록 강제되고 있습니다. 이와 함께 규제의 뒷받침에는 연쇄효과가 있어 기술 혁신을 촉진하고 고효율 모터의 채용을 촉진합니다. 또한 효율성과 규제 준수가 성공의 중요한 결정 요인이 되는 경쟁 환경이 조성되어 산업용 모터 시장의 역학에 큰 영향을 미칩니다.
산업의 현저한 성장과 자동화
산업의 급성장과 자동화의 급증은 산업용 모터 시장의 확대에 핵심 요소입니다. 이에 따라 제조업, 가공업, 자동차산업 등 다양한 기계 및 설비에 전력을 공급하기 위한 제품 수요가 높아지고 있어 시장 성장을 가속하고 있습니다. 게다가, 정확한 제어와 신뢰성 높은 성능을 제공하는 자동화 기술에 대한 제품 채택이 확산되고 있는 것도 시장 성장에 긍정적인 영향을 미치고 있습니다. 이와 함께 자동 조립 라인과 로봇 공학에서 제품 용도 증가가 또 다른 성장 촉진요인으로 작용하고 있습니다. 이 외에도 상호 연결된 자율 시스템을 특징으로 하는 Industry 4.0을 향한 움직임은 복잡한 산업 환경에 원활하게 통합될 수 있는 고급 모터의 필요성을 더욱 강조합니다.
The global industrial motors market size reached US$ 23.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. The rapid technological advancements, imposition of stringent energy regulations, significant industrial growth and automation, increasing investment in infrastructure, escalating energy prices across the globe, growing demand for customized motors, and increasing emphasis on sustainability are some of the major factors propelling the market.
Industrial motors refer to electrical devices used to convert electrical energy into mechanical energy. They are comprised of several components, such as rotors, bearings, stators, windings, and frames. Industrial motors are widely used in manufacturing machinery, mining equipment, water treatment plants, pumping stations, conveyor systems, elevators, marine vessels, renewable energy plants, and heating, ventilation, and air conditioning (HVAC) systems. They enhance operational efficiency, reduce energy consumption, extend equipment lifespan, provide precise control, increase reliability, facilitate automation, minimize maintenance requirements, and comply with environmental standards.
The increasing investment in infrastructures, such as transportation systems, water treatment facilities, and renewable energy projects, which require industrial motors to function efficiently, is propelling the market growth. Additionally, the escalating energy prices across the globe are facilitating product demand to promote energy efficiency and reduce operational costs. Furthermore, the growing demand for customized motors to meet clients' unique requirements is boosting the market growth. Apart from this, the rising product adoption across various industries to replace aging motors to comply with modern standards and reduce energy consumption is strengthening the market growth. Moreover, the increasing emphasis on sustainability is prompting companies to adopt eco-friendly, including energy-efficient industrial motors. Other factors, including rapid industrialization activities, extensive research and development (R&D) work, and the growing collaboration between manufacturers and suppliers, are anticipated to drive the market growth.
The rapid technological advancements
The evolution of technology is playing a crucial role in the industrial motors market. In line with this, the innovations in motor design and controls that are leading to the development of energy-efficient, intelligent, and highly integrated motor systems are boosting the market growth. Furthermore, the advancements in material science, cooling techniques, and electronic control systems, which allow motors to operate with enhanced performance and reduced energy consumption, are supporting the market growth. Apart from this, manufacturers are increasingly investing in research and development (R&D) to introduce motors with features such as the Internet of Things (IoT) connectivity, predictive maintenance, and remote monitoring.
The imposition of stringent energy regulations
Governments and international organizations are actively enforcing stringent energy regulations to combat climate change and reduce global energy consumption. These regulations require industries to adopt energy-efficient equipment, including industrial motors, that comply with certain standards and performance criteria. Furthermore, various regions have set minimum efficiency performance standards for motors, thus compelling manufacturers to develop and industries to utilize motors that meet or exceed these thresholds. Along with this, the regulatory push has a cascading effect, driving innovation and encouraging the adoption of high-efficiency motors. Moreover, it fosters a competitive environment where efficiency and compliance with regulations become key determinants of success, thereby significantly influencing the dynamics of the industrial motors market.
The significant industrial growth and automation
The rapid growth of industries, coupled with the surge in automation, is central to the expansion of the industrial motors market. In line with this, the growing product demand from industries, such as manufacturing, processing, and automotive to power various machinery and equipment is boosting the market growth. Furthermore, the widespread product adoption in automation technology to provide precise control and reliable performance is positively influencing the market growth. Along with this, the rising product application in automated assembly lines and robotics is acting as another growth-inducing factor. Apart from this, the push towards Industry 4.0, which is characterized by interconnected and autonomous systems, is further emphasizing the need for advanced motors that can seamlessly integrate into complex industrial environments.
IMARC Group provides an analysis of the key trends in each segment of the global industrial motors market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type of motor, voltage and end user.
Alternating Current (AC) Motor
Direct Current (DC) Motor
Others
Alternating current (AC) motor dominates the market
The report has provided a detailed breakup and analysis of the market based on the type of motor. This includes alternating current (AC) motor, direct current (DC) motor, and others. According to the report, alternating current (AC) motor represented the largest segment.
Alternating current (AC) motors are dominating the market as they are more energy-efficient compared to DC motors, especially in continuous operation scenarios. This alignment with energy conservation goals makes them more attractive to industries aiming to reduce operational costs. Furthermore, they are known for their simple construction and fewer components, making them less prone to wear and tear. This contributes to their reliability and lower maintenance needs, both of which are vital in industrial settings. Besides this, the production and maintenance of AC motors are less expensive compared to their DC counterparts. Moreover, the direct compatibility of AC motors with industrial and commercial power systems, which simplifies integration and eliminates the need for additional conversion equipment, is favoring the market growth.
Low Voltage
Medium Voltage
High Voltage
Low voltage dominates the market
The report has provided a detailed breakup and analysis of the market based on the voltage. This includes low, medium, and high voltage. According to the report, low voltage represented the largest segment.
Low voltage motors operate at a higher efficiency compared to their high voltage counterparts, which translates into energy savings, aligning with global energy conservation goals. Apart from this, they are suitable for a wide range of industrial applications, from simple conveyance systems to complex manufacturing machinery, which is contributing to the market growth. Additionally, low voltage motors can be more readily integrated into existing systems without the need for substantial infrastructure modifications. Furthermore, they allow the use of less expensive protection and control equipment, making them a more economical option. Besides this, the growing demand for low voltage motors to meet energy-efficiency standards and comply with electrical codes is contributing to the market growth.
Oil and Gas
Power Generation
Mining and Metals
Water and Wastewater Management
Chemicals and Petrochemicals
Discrete Manufacturing
Others
Oil and gas dominate the market
The report has provided a detailed breakup and analysis of the market based on the end user. This includes oil and gas, power generation, mining and metals, water and wastewater management, chemicals and petrochemicals, discrete manufacturing, and others. According to the report, oil and gas represented the largest market segment.
The oil and gas sector is dominating the market as it requires industrial motors to drive its various processes, such as drilling, extraction, refining, and transportation. Furthermore, the industry's operations are multifaceted and require a range of specialized equipment. In line with this, industrial motors play a vital role, offering precise control and consistent performance, thus making them indispensable to the industry. Besides this, the oil and gas industry is spread across the globe and operates in diverse and often remote locations. The extensive utilization of industrial motors within these various locations contributes to the market expansion. Moreover, the industry's emphasis on efficiency, safety, and environmental compliance, which has led to significant investments in technological advancements, including state-of-the-art industrial motors, is positively influencing the market growth.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance in the market, accounting for the largest industrial motors market share
The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represented the largest market segment.
Asia Pacific is witnessing fast-paced industrial growth in manufacturing, automotive, and construction, leading to the increased demand for industrial motors. Furthermore, the introduction of supportive policies by the regional governments promoting manufacturing and industrial development through incentives, subsidies, and favorable regulations is acting as another growth-inducing factor. Apart from this, the significant investments in infrastructure projects, such as railways, power plants, and water treatment facilities, which require the use of industrial motors, are supporting the market growth. Additionally, the increasing push towards energy conservation in the Asia Pacific, leading to the implementation of strict energy regulations and the adoption of energy-efficient motors, is strengthening the market growth. Moreover, the abundant supply of raw materials and labor force, which makes it a cost-effective hub for the manufacturing of industrial motors, attracting both local and foreign companies, is propelling the market growth.
The top industrial motor companies are creating advanced, energy-efficient, and intelligent motor solutions to provide a competitive edge and cater to diverse industrial applications. Furthermore, many companies are expanding their global footprint through strategic acquisitions, mergers, and partnerships to access new markets, share technological expertise, and optimize resources. Additionally, they are offering tailored solutions to meet specific customer requirements and enhance their product portfolios. Moreover, several key players are developing eco-friendly products that align with global sustainability goals and regulations. Along with this, they are emphasizing quality control and adherence to international standards to ensure that the motors meet stringent quality benchmarks. In addition, companies are providing comprehensive after-sales support, including maintenance, repair, and technical guidance, which aids in maintaining long-term relationships with customers and ensuring product longevity.
ABB Ltd.
Brook Crompton
Hitachi Ltd.
Johnson Electric Holdings Limited
Menzel Elektromotoren GmbH
Nidec Corporation
Regal Rexnord Corporation
Rockwell Automation Inc.
Siemens AG
Toshiba Corporation
In August 2021, ABB Ltd. announced its plan to expand its low-voltage motor facility in Faridabad, India.
In October 2022, Hitachi Ltd. announced its plan to expand its electrification business and provide inverters and motors to JATCO Ltd.
In February 2022, Menzel Elektromotoren GmbH signed a contract to begin the construction of a new and larger motor plant in Hennigsdorf, near Berlin.