PUBLISHER: IMARC | PRODUCT CODE: 1753928
PUBLISHER: IMARC | PRODUCT CODE: 1753928
North America Electric Motor Market Report by Type, Voltage, Speed, Applications, and Country 2025-2033
The North America electric motor market size reached USD 30.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.1 Billion by 2033, exhibiting a growth rate (CAGR) of 2.24% during 2025-2033. The escalating cost of fossil fuels, the increasing shift toward an environmentally friendly alternative to traditional combustion engines, and the rising awareness regarding the benefits of electric motors represent some of the key factors driving the market.
Sustainable Development Across the Region is Augmenting the Market Growth
The automobile industry is currently experiencing a technological transformation in the North American region, with a shift from traditional vehicles to electric vehicles. This transition is being driven by government regulations aimed at reducing greenhouse gas emissions and addressing the serious impacts of climate change, thereby propelling the market. Along with this, the deployment of electric vehicles is considered to be a viable solution for a sustainable future and for avoiding the harmful effects of global warming.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with a large number of players operating in the industry due to lower capital investments required to enter than many other industries. The volume of new entrants is high in the North America electric motor industry due to the presence of a large number of players and low capital investments.
What is Electric Motor?
An electric motor is a device that is utilized to convert electrical energy into mechanical energy. It is a type of machine that uses electromagnetic forces to generate rotational motion. The basic components of an electric motor include a stator, rotor, and commutator. The stator is the stationary part and is manufactured of wire coils. The rotor is the moving part and is also produced of coils of wire. The commutator is a switch that generally reverses the direction of the electrical current that flows through the wire coils in the rotor. When electric current flows through the wire coils in the stator, it provides a magnetic field. The magnetic field then interacts with the rotor's magnetic field, causing the rotor to spin. The motor's speed is determined by the frequency of the electrical current and the number of poles in the stator. Additionally, it is utilized in a wide range of applications, from powering household appliances to driving industrial machinery. It is highly efficient and reliable and has become an essential component of modern technology.
COVID-19 Impact:
The COVID-19 pandemic had a significant impact on the electric motor sector. As countries across the region shut down and implemented social distancing measures, the demand for electric motors declined as businesses and factories were forced to close or reduce their operations. In addition, supply chains were disrupted as manufacturers struggled to obtain the necessary components to produce electric motors, resulting in delays and shortages. Furthermore, the pandemic forced many companies to shift their focus to essential goods and services, leading to a decreased demand for non-essential products, including electric motors. As a result, several electric motor manufacturers were forced to slow down or even halt production altogether, leading to revenue losses and job cuts. On the other hand, the pandemic also highlighted the importance of energy efficiency and sustainability, which are two key areas in which electric motors excel. As governments and businesses began to prioritize sustainability and green energy initiatives, the demand for electric motors in applications such as renewable energy, electric vehicles, and smart homes increased.
North America Electric Motor Market Trends:
The escalating cost of fossil fuels majorly drives the market in North America. The environmental impact of fossil fuels is more evident, and consumers are increasingly demanding products that have a smaller carbon footprint. Electric motors are considered to be a more environmentally friendly alternative to traditional combustion engines, which is leading to a significant increase in demand for electric vehicles. This, in confluence with electric motors being more efficient than internal combustion engines, resulting in lower energy costs over the long term, is propelling the market. Along with this, the rising awareness regarding the benefits of electric motors is increasing demand for products that use this technology. Therefore, the growing demand for electric vehicles, appliances, and other products that use electric motors is significantly supporting the market. In addition, the widespread adoption of electric motors in several industries, including automotive, aerospace, and industrial machinery due to their cost-competitiveness with traditional combustion engines is also contributing to the market. Apart from this, various governments across the region are implementing regulations to reduce greenhouse gas emissions and encourage the adoption of electric vehicles is positively influencing the market. Furthermore, the development of more efficient and powerful electric motors for a wider range of applications, including heavy-duty machinery and long-range vehicles, is creating a positive market outlook.
Key Market Segmentation:
Type Insights:
- AC Motor
- Induction AC Motor
- Synchronous AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
- Others
Voltage Insights:
- Low Voltage Electric Motors
- Medium Voltage Electric Motors
- High Voltage Electric Motors
Speed Insights:
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
Applications Insights:
- Industrial Machinery
- HVAC
- Transportation
- Household Appliances
- Motor Vehicles
- Others
Country Insights:
- United States
- Canada
- The report has also provided a comprehensive analysis of all the major regional markets, which include the United States and Canada. According to the report, the United States was the largest market for electric motor. Some of the factors driving the United States electric motor market included the rising need for HVAC systems, the increasing adoption of electronic vehicles, significant growth in consumer appliances, and consistent demand from the automotive and industrial machinery sectors. In recent years, the market has also been driven by increased demand from the commercial, transportation, and industrial sectors across the country.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the North America electric motor market.
Key Questions Answered in This Report
- 1.What was the size of the North America electric motor market in 2024?
- 2.What is the expected growth rate of the North America electric motor market during 2025-2033?
- 3.What are the key factors driving the North America electric motor market?
- 4.What has been the impact of COVID-19 on the North America electric motor market?
- 5.What is the breakup of the North America electric motor market based on the type?
- 6.What is the breakup of the North America electric motor market based on the voltage?
- 7.What is the breakup of the North America electric motor market based on the speed?
- 8.What is the breakup of the North America electric motor market based on the applications?
- 9.What are the key regions in the North America electric motor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Motor Market
- 5.1 Market Performance
- 5.2 Market Breakup by Type
- 5.3 Market Breakup by Voltage
- 5.4 Market Breakup by Speed
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 North America Electric Motor Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
7 North America Electric Motor Market: Breakup by Type
- 7.1 AC Motor
- 7.1.1 Induction AC Motor
- 7.1.2 Synchronous AC Motor
- 7.2 DC Motor
- 7.2.1 Brushed DC Motor
- 7.2.2 Brushless DC Motor
- 7.3 Others
8 North America Electric Motor Market: Breakup by Voltage
- 8.1 Low Voltage Electric Motors
- 8.2 Medium Voltage Electric Motors
- 8.3 High Voltage Electric Motors
9 North America Electric Motor Market: Breakup by Speed
- 9.1 Ultra-High-Speed Motors
- 9.2 High-Speed Motors
- 9.3 Medium Speed Motors
- 9.4 Low Speed Motors
10 North America Electric Motor Market: Breakup by Applications
- 10.1 Industrial Machinery
- 10.2 HVAC
- 10.3 Transportation
- 10.4 Household Appliances
- 10.5 Motor Vehicles
- 10.6 Others
11 North America Electric Motor Market: Breakup by Country
- 11.1 United States
- 11.1.1 Historical Market Trends
- 11.1.2 Market Breakup by Type
- 11.1.3 Market Breakup by Voltage
- 11.1.4 Market Breakup by Speed
- 11.1.5 Market Breakup by Applications
- 11.1.6 Market Forecast
- 11.2 Canada
- 11.2.1 Historical Market Trends
- 11.2.2 Market Breakup by Type
- 11.2.3 Market Breakup by Voltage
- 11.2.4 Market Breakup by Speed
- 11.2.5 Market Breakup by Applications
- 11.2.6 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porter's Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Rivalry
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
List of Figures
- Figure 1: North America: Electric Motor Market: Major Drivers and Challenges
- Figure 2: Global: Electric Motor Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Electric Motor Market: Breakup by Type (in %), 2024
- Figure 4: Global: Electric Motor Market: Breakup by Voltage (in %), 2024
- Figure 5: Global: Electric Motor Market: Breakup by Speed (in %), 2024
- Figure 6: Global: Electric Motor Market: Breakup by Application (in %), 2024
- Figure 7: Global: Electric Motor Market: Breakup by Region (in %), 2024
- Figure 8: Global: Electric Motor Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 9: North America: Electric Motor Market: Sales Value (in Billion USD), 2019-2024
- Figure 10: North America: Electric Motor Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 11: North America: Electric Motor Market: Breakup by Type (in %), 2024
- Figure 12: North America: Electric Motor (AC Motor) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: North America: Electric Motor (AC Motor) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: North America: Electric Motor (DC Motor) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: North America: Electric Motor (DC Motor) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: North America: Electric Motor (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: North America: Electric Motor (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: North America: Electric Motor Market: Breakup by Voltage (in %), 2024
- Figure 19: North America: Electric Motor (Low Voltage Electric Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: North America: Electric Motor (Low Voltage Electric Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: North America: Electric Motor (Medium Voltage Electric Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: North America: Electric Motor (Medium Voltage Electric Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: North America: Electric Motor (High Voltage Electric Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: North America: Electric Motor (High Voltage Electric Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: North America: Electric Motor Market: Breakup by Speed (in %), 2024
- Figure 26: North America: Electric Motor (Ultra-High-Speed Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: North America: Electric Motor (Ultra-High-Speed Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: North America: Electric Motor (High-Speed Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: North America: Electric Motor (High-Speed Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Electric Motor (Medium Speed Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Electric Motor (Medium Speed Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: North America: Electric Motor (Low Speed Motors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: North America: Electric Motor (Low Speed Motors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: North America: Electric Motor Market: Breakup by Applications (in %), 2024
- Figure 35: North America: Electric Motor (Industrial Machinery) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: North America: Electric Motor (Industrial Machinery) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: North America: Electric Motor (HVAC) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: North America: Electric Motor (HVAC) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: North America: Electric Motor (Transportation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: North America: Electric Motor (Transportation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: North America: Electric Motor (Household Appliances) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: North America: Electric Motor (Household Appliances) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: North America: Electric Motor (Motor Vehicles) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: North America: Electric Motor (Motor Vehicles) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: North America: Electric Motor (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: North America: Electric Motor (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: North America: Electric Motor Market: Breakup by Country (in %), 2024
- Figure 48: United States: Electric Motor Market: Sales Value (in Million USD), 2019-2024
- Figure 49: United States: Electric Motor Market: Breakup by Type (in %), 2024
- Figure 50: United States: Electric Motor Market: Breakup by Voltage (in %), 2024
- Figure 51: United States: Electric Motor Market: Breakup by Speed (in %), 2024
- Figure 52: United States: Electric Motor Market: Breakup by Applications (in %), 2024
- Figure 53: United States: Electric Motor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Canada: Electric Motor Market: Sales Value (in Million USD), 2019-2024
- Figure 55: Canada: Electric Motor Market: Breakup by Type (in %), 2024
- Figure 56: Canada: Electric Motor Market: Breakup by Voltage (in %), 2024
- Figure 57: Canada: Electric Motor Market: Breakup by Speed (in %), 2024
- Figure 58: Canada: Electric Motor Market: Breakup by Applications (in %), 2024
- Figure 59: Canada: Electric Motor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: North America: Electric Motor Industry: SWOT Analysis
- Figure 61: North America: Electric Motor Industry: Value Chain Analysis
- Figure 62: North America: Electric Motor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: North America: Electric Motor Market: Key Industry Highlights, 2024 and 2033
- Table 2: North America: Electric Motor Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: North America: Electric Motor Market Forecast: Breakup by Voltage (in Million USD), 2025-2033
- Table 4: North America: Electric Motor Market Forecast: Breakup by Speed (in Million USD), 2025-2033
- Table 5: North America: Electric Motor Market Forecast: Breakup by Applications (in Million USD), 2025-2033
- Table 6: North America: Electric Motor Market Forecast: Breakup by Country (in Million USD), 2025-2033
- Table 7: North America: Electric Motor Market: Competitive Structure
- Table 8: North America: Electric Motor Market: Key Players
