PUBLISHER: SkyQuest | PRODUCT CODE: 1903037
PUBLISHER: SkyQuest | PRODUCT CODE: 1903037
Electric Motor Market Size, Share, and Growth Analysis, By Type (AC Motors, DC Motors), By Power Rating, By Voltage, By Rotor Type, By Output Power, By End User, By Region - Industry Forecast 2026-2033
Global Electric Motor Market size was valued at USD 201.44 Billion in 2024 and is poised to grow from USD 220.17 Billion in 2025 to USD 448.46 Billion by 2033, growing at a CAGR of 9.3% during the forecast period (2026-2033).
The global electric motor market is poised for significant growth, propelled by heightened demand for home appliances including refrigerators, vacuum cleaners, and mixers. A pivotal shift towards green vehicles, alongside governmental support for electric vehicle adoption, further fuels this momentum. Increasing awareness of sustainability and the urgency to reduce carbon emissions are critical factors driving market expansion. Notably, the rising popularity of electric and hybrid vehicles is prominent in developed regions, underscoring a shift in consumer preferences. This trend is exemplified by notable sales increases in hybrid models, highlighting a broader movement towards electric motor-driven solutions. As these dynamics evolve, the electric motor market is expected to experience robust growth, reflecting a broader commitment to sustainable energy solutions.
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 is a significant driving force for the global electric motor market. This surge is largely influenced by widespread governmental initiatives aimed at reducing pollution, which include implementing stricter regulations and offering incentives for EV buyers. Major automotive manufacturers are ramping up their production of electric motors to meet the rising demand, with companies such as Tesla, BYD, and Volkswagen leading the charge. Additionally, advancements in solid-state batteries and the development of high-performance motors are enhancing the efficiency and capabilities of electric vehicles, further facilitating their adoption across various markets.
Restraints in the Global Electric Motor Market
The Global Electric Motor market faces significant challenges due to its dependence on expensive raw materials such as neodymium and dysprosium, particularly in the case of rare-earth permanent magnet motors. Fluctuations in these material prices and potential disruptions within the supply chain, notably those linked to China, can adversely affect overall affordability. In response, several companies are proactively exploring alternative motor technologies that do not rely on rare-earth materials. This strategic shift aims to reduce reliance on costly resources while simultaneously lowering production expenses, positioning these businesses more favorably within a competitive market landscape.
Market Trends of the Global Electric Motor Market
The Global Electric Motor market is witnessing a significant shift towards smart, AI-powered motors that enhance operational efficiency across various industries. With their capabilities in real-time diagnostics, predictive maintenance, and energy management, these advanced motors are becoming essential tools for industrial firms seeking to optimize performance and reduce energy consumption. Companies are increasingly embracing Internet of Things (IoT) technologies, facilitating the development of smarter systems that prolong motor lifespan and lower operational costs. This trend reflects a broader move towards automation and energy efficiency, positioning AI-powered electric motors as a central component in the future of industrial operations and sustainability initiatives.
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, 2025
- PESTEL Analysis
- Macro-Economic Indicators
- Value Chain Analysis
- Pricing Analysis
Global Electric Motor Market Size by Type & CAGR (2026-2033)
- 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 (2026-2033)
- 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 (2026-2033)
- Market Overview
- Low Voltage
- Medium Voltage
- High Voltage
Global Electric Motor Market Size by Rotor Type & CAGR (2026-2033)
- Market Overview
- Inner Rotor
- Outer Toter
Global Electric Motor Market Size by Output Power & CAGR (2026-2033)
- Market Overview
- <100HP Motors
- >100HP Motors
Global Electric Motor Market Size by End User & CAGR (2026-2033)
- 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 (2026-2033)
- 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, 2025
- Strategies Adopted by Key Market Players
- Recent Developments in the Market
- Company Market Share Analysis, 2025
- Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2023-2025)
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)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Wolong Electric Group Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Danaher Corporation (USA)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
- Hindustan Electric Motors Mfg. Co. (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conclusion & Recommendations
