Electric Motor Market Size, Share, and Growth Analysis, By Type (AC Motors, DC Motors), By Power Rating (<1KW Motors, 1-2.2KW Motors), By Voltage, By Rotor Type, By Output Power, By End User, By Region - Industry Forecast 2025-2032
Toshiba Industrial Products and Systems Corporation(Japan)
AMETEK, Inc.(USA)
Johnson Electric Holdings Limited(China)
Regal Rexnord Corp(USA)
General Electric Company(GE)(USA)
Mabuchi Motor Co., Ltd.(Japan)
Franklin Electric Co., Inc.(USA)
Allied Motion Technologies Inc.(USA)
ElectroCraft, Inc.(USA)
Bharat Bijlee Limited(India)
Kirloskar Electric Co. Ltd.(India)
TMEIC(Toshiba Mitsubishi-Electric Industrial Systems Corporation)(Japan)
Wolong Electric Group Co., Ltd.(China)
Danaher Corporation(USA)
Hindustan Electric Motors Mfg. Co.(India)
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Global Electric Motor Market size was valued at USD 184.3 billion in 2023 and is poised to grow from USD 201.44 billion in 2024 to USD 410.3 billion by 2032, growing at a CAGR of 9.3% during the forecast period (2025-2032).
The global electric motor market is experiencing robust growth driven by the increasing adoption of energy-efficient technologies and the rising demand for electric vehicles across various sectors. Key factors influencing this expansion include stringent regulations promoting sustainability, advancements in automation and industrial applications, and the shift towards renewable energy sources. As industries prioritize reducing operational costs and carbon footprints, electric motors are becoming essential components in manufacturing, HVAC systems, and transportation. Furthermore, innovations in design and materials are enhancing motor performance, reliability, and longevity, attracting investments from both established players and startups. As electric motors integrate more with smart technologies and IoT, their role in enhancing operational efficiency and responsiveness in various applications will continue to expand significantly.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electric Motor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Electric Motor Market Segments Analysis
Global Electric Motor Market is segmented by Type, Power Rating, Voltage, Rotor Type, Output Power, End User and region. Based on Type, the market is segmented into AC Motors, DC Motors and Hermetic Motor. Based on Power Rating, the market is segmented into <1KW Motors, 1-2.2KW Motors, 2.2-365KW Motors, 375-900 KW Motors and > 900 KW Motors. Based on Voltage, the market is segmented into Low Voltage, Medium Voltage and High Voltage. Based on Rotor Type, the market is segmented into Inner Rotor and Outer Toter. Based on Output Power, the market is segmented into <100HP Motors and >100HP Motors. Based on End User, the market is segmented into Industrial, Commercial, Residential, Transportation and Agriculture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Electric Motor Market
The expansion of the electric vehicle (EV) sector serves as a key driver for the Global Electric Motor market. With governments worldwide implementing stricter emissions regulations and offering incentives for EV buyers, the momentum behind electric mobility is gaining traction. Leading automotive manufacturers are ramping up the production of electric motors to meet the rising consumer demand. Innovations such as solid-state batteries and advanced motor technologies are poised to enhance EV performance significantly, further encouraging widespread adoption. This convergence of regulatory support, technological advancements, and increased manufacturing efforts is contributing to the electric motor market's robust growth potential.
Restraints in the Global Electric Motor Market
The Global Electric Motor market faces significant challenges due to the reliance on expensive raw materials such as neodymium and dysprosium, which are essential for rare-earth permanent magnet motors. Fluctuations in prices and disruptions in supply chains, particularly from major producers like China, can adversely affect the overall cost and availability of these motors. In response to these issues, companies such as BMW and General Motors are actively exploring alternative motor technologies that do not require rare-earth elements. This shift aims to reduce dependency on these costly materials and ultimately lead to lower production costs and greater market stability.
Market Trends of the Global Electric Motor Market
The Global Electric Motor market is witnessing a significant trend towards the integration of AI technology, with a marked increase in demand for smart motors equipped with real-time diagnostics, predictive maintenance capabilities, and advanced energy management features. Leading industrial firms, including Rockwell Automation and Schneider Electric, are innovating with Internet of Things-enabled motors that cater to diverse industry sectors. By 2024, these AI-driven solutions are projected to revolutionize energy consumption practices, extend motor lifespan, and enhance operational efficiency, positioning smart motors as a critical component in the shift towards sustainable and efficient industrial operations, thereby fueling robust market growth.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Electric Motor Market Size by Type & CAGR (2025-2032)
Market Overview
AC Motors
Induction AC Motors
Synchronous AC Motors
DC Motors
Brushed DC Motors
Brushless DC Motor
Hermetic Motor
Global Electric Motor Market Size by Power Rating & CAGR (2025-2032)
Market Overview
<1KW Motors
1-2.2KW Motors
2.2-365KW Motors
375-900 KW Motors
900 KW Motors
Global Electric Motor Market Size by Voltage & CAGR (2025-2032)
Market Overview
Low Voltage
Medium Voltage
High Voltage
Global Electric Motor Market Size by Rotor Type & CAGR (2025-2032)
Market Overview
Inner Rotor
Outer Toter
Global Electric Motor Market Size by Output Power & CAGR (2025-2032)
Market Overview
<100HP Motors
>100HP Motors
Global Electric Motor Market Size by End User & CAGR (2025-2032)
Market Overview
Industrial
Mining and Metals
Chemicals and Petrochemicals
Oil and Gas
Cement
Manufacturing
Utilities
Renewables
Aerospace and Defence
Food and Beverage
Automation
Water and Wastewater
Commercial
Hospitals
Offices
Educational Institutions
Hotels
Others
Residential
Apartments
Single Households
Transportation
Marine
Automotive
Railways
Others
Agriculture
Crop Farming
Livestock Farming
Global Electric Motor Market Size & CAGR (2025-2032)
North America (Type, Power Rating, Voltage, Rotor Type, Output Power, End User)
US
Canada
Europe (Type, Power Rating, Voltage, Rotor Type, Output Power, End User)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Power Rating, Voltage, Rotor Type, Output Power, End User)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Power Rating, Voltage, Rotor Type, Output Power, End User)
Brazil
Rest of Latin America
Middle East & Africa (Type, Power Rating, Voltage, Rotor Type, Output Power, End User)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
ABB Ltd (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nidec Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Siemens AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
WEG Electric Corp. (Brazil)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Rockwell Automation, Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Toshiba Industrial Products and Systems Corporation (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
AMETEK, Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Johnson Electric Holdings Limited (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Regal Rexnord Corp (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
General Electric Company (GE) (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mabuchi Motor Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Franklin Electric Co., Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Allied Motion Technologies Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ElectroCraft, Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bharat Bijlee Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kirloskar Electric Co. Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation) (Japan)