PUBLISHER: The Business Research Company | PRODUCT CODE: 1760138
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760138
Industrial motors are electric motors designed to power machinery and equipment in industrial environments. Built for durability and high efficiency, these motors are capable of operating in demanding conditions and supporting continuous, heavy-duty use. They play a crucial role in boosting productivity, reducing manual labor, and enhancing overall operational efficiency across industries.
The primary products in the industrial motors market are alternating current (AC) motors and direct current (DC) motors. An AC motor is powered by alternating current. Sales channels for these motors include direct sales to original equipment manufacturers (OEMs), direct sales to end-users, distributors to end-users, distributors to OEMs, direct sales to system integrators, and distributors to system integrators. These motors are used in various applications, such as compressors, pumps and fans, conveyors, crushers, extruders, and others. Key end-users span across sectors such as heating, ventilation, and air conditioning (HVAC), food and beverage, power generation, warehousing, mining and metal processing, paper and paperboard, automotive, oil and gas, packaging, and more.
The industrial motors market research report is one of a series of new reports from The Business Research Company that provides industrial motors market statistics, including industrial motors industry global market size, regional shares, competitors with an industrial motors market share, detailed industrial motors market segments, market trends and opportunities, and any further data you may need to thrive in the industrial motors industry. This industrial motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial motors market size has grown strongly in recent years. It will grow from $19.44 billion in 2024 to $20.53 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth during the historic period can be attributed to the increasing demand for smart factories, a greater emphasis on operational efficiency, a rise in mining and oil and gas activities, expanded deployment of industrial robotics, and the growing replacement of aging motor systems.
The industrial motors market size is expected to see strong growth in the next few years. It will grow to $25.30 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth anticipated in the forecast period is driven by the shift toward renewable energy, the expansion of smart city projects, a growing need for predictive maintenance solutions, rising investments in industrial automation, and an increasing demand for customized motor solutions. Key trends during the forecast period include advancements in variable frequency drive technologies, improved cooling techniques for high-performance motors, innovations in compact motor designs, the integration of digital twins in motor management, and the incorporation of wireless connectivity in industrial motors.
The increasing industrialization is expected to drive the growth of the industrial motors market. Industrialization refers to the transformation of an economy from being primarily agricultural to one focused on manufacturing goods and services. This trend is accelerating due to the rising global demand for manufactured products, which in turn is boosting investments in factories and production infrastructure to meet consumption needs and economic objectives. Industrial motors play a key role in this process by powering machinery and enabling automation, which enhances productivity and efficiency in manufacturing operations. For instance, Trading Economics reported in December 2024 that Saudi Arabia's industrial production grew by 5.0% year-on-year in October 2024, following a 0.4% increase in September. Therefore, the ongoing industrialization is fueling the growth of the industrial motors market.
Leading companies in the industrial motors market are focusing on developing innovative products with advanced technologies, such as permanent magnet synchronous reluctance (PMSynRM) technology, to improve energy efficiency, reduce operational losses, and enhance performance across various speeds and loads. PMSynRM combines permanent magnets and synchronous reluctance, optimizing efficiency by minimizing energy losses and improving torque density, making it ideal for high-performance, energy-efficient industrial applications. For example, in May 2024, WEG Industries, a Brazil-based company specializing in motors and generators, launched the W23 Sync+ ULTRA motor. This innovative motor features a hybrid design that integrates permanent magnet (PM) technology, ferrite or neodymium magnets, and synchronous reluctance (SynRM) motor technologies, delivering exceptional efficiency across all speeds. The W23 Sync+ ULTRA boasts an IE6 efficiency rating, representing a 20% reduction in energy losses compared to IE5 motors.
In December 2024, ABB Ltd, a Switzerland-based automation company, acquired Aurora Motors for an undisclosed amount. With this acquisition, ABB aims to strengthen its NEMA Motors Division by integrating Aurora Motors' specialized vertical pump motor portfolio, expanding its global presence, and enhancing its supply chain and customer support. This strategic move supports ABB's goal for profitable growth and solidifies its position as a market leader in industrial electric motors. Aurora Motors, based in the U.S., is known for manufacturing NEMA premium efficiency inverter-duty motors.
Major players in the industrial motors market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, GE Vernova LLC, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Nidec Corporation, Rockwell Automation Inc., WEG S.A., Regal Rexnord Corporation, SEW-Eurodrive GmbH And Co KG, Ingeteam S.A., ZIEHL-ABEGG SE, IDEC Corporation, Franklin Electric Co. Inc., Lafert Group, Brook Crompton UK Ltd., Nanotec Electronic GmbH And Co. KG, and Roboteq Inc.
Asia-Pacific was the largest region in the industrial motors market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in industrial motors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the industrial motors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial motors market consists of sales of servo motors, linear motors, hydraulic motors, permanent magnet motors, synchronous motors, asynchronous motors, torque motors, and vibration motors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Motors Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial motors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial motors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial motors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.