Electric Motors Global Market Report 2026

An electric motor is an electrical device that converts electrical energy into mechanical energy, providing power to various devices. It operates based on the principles of electromagnetism and is characterized by features such as durability, high efficiency, low energy consumption, and low maintenance requirements.

The main types of electric motors include alternating current (AC) motors, direct current (DC) motors, and hermetic motors. A hermetic motor combines the compressor and motor within a single welded steel shell. Both the motor and compressor are directly connected on the same shaft, with the motor located within the refrigeration circuit. This design eliminates the need for a shaft seal and the associated issue of refrigerant leakage. Welding or brazing is used to connect all refrigerant pipelines to the outer steel shell. Electric motors can have varying voltage ranges, such as 9V and below, 10-20V, 21-60V, and 60V and above. They also come in different output power categories, including integral horsepower (IHP) and fractional horsepower (FHP). These motors operate at various speeds, including low-speed (less than 1,000 rpm), medium-speed (1,001 to 25,000 rpm), high-speed (25,001 to 75,000 rpm), and ultra-high-speed (greater than 75,001 rpm). They are used in a wide range of applications, including industrial machinery, motor vehicles, HVAC equipment, aerospace and transportation, household appliances, and other commercial applications.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the electric motor market by increasing import costs of raw materials, components, and finished motors, leading to higher production expenses. The impact is most significant on AC and DC motor segments in regions heavily reliant on imports such as North America and Europe. While costs have risen, tariffs have also encouraged local manufacturing, boosting domestic production and supporting innovation in energy-efficient and high-performance motors.

The electric motors market research report is one of a series of new reports from The Business Research Company that provides electric motors market statistics, including electric motors industry global market size, regional shares, competitors with an electric motors market share, detailed electric motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric motors industry. These electric motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electric motors market size has grown steadily in recent years. It will grow from $102.82 billion in 2025 to $105.8 billion in 2026 at a compound annual growth rate (CAGR) of 2.9%. The growth in the historic period can be attributed to rising industrialization, growth of automotive sector, increasing household appliance usage, urban infrastructure development, adoption of conventional motors.

The electric motors market size is expected to see steady growth in the next few years. It will grow to $122.52 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to shift towards electric vehicles, demand for energy-efficient motors, expansion of smart manufacturing, growth in renewable energy applications, advancements in motor automation. Major trends in the forecast period include high-efficiency motor design, low-maintenance motor solutions, miniaturization of electric motors, noise reduction & vibration control, thermal management & cooling systems.

The increasing sales of electric vehicles (EVs) are expected to drive the growth of the electric motors market. An electric vehicle (EV) is a vehicle powered entirely or partially by electricity, and the rising popularity of EVs is fueling the demand for electric motors to drive their wheels. For instance, in May 2023, the International Energy Agency (IEA), a France-based independent intergovernmental organization, reported that 10 million electric vehicles were sold in 2022, with sales increasing to 14 million in 2023. Therefore, the growing demand for electric vehicles is set to propel the growth of the electric motors market in the coming years.

Major players in the electric motors market are focusing on developing new electric motors and controllers to enhance the performance, range, and efficiency of electric vehicles (EVs). Electric motors are devices that convert electrical energy into mechanical energy, powering various systems such as EVs, appliances, and industrial machinery. Electric controllers regulate and optimize motor operation by controlling factors like speed, torque, and power delivery, thus improving efficiency, reliability, and energy consumption. For instance, in February 2024, Attron Automotive, an India-based company specializing in advanced electric motors and controllers for EVs and mobility applications, launched its new electric motor series, including RM14530, RM16070, and RM16045, along with the CTR072500 controller at the Bharat Mobility Expo 2024. These products, featuring high-efficiency integrated IPM PMSM motors, are designed to enhance EV performance, range, and acceleration while reducing costs and promoting sustainability in the electric mobility sector.

In September 2024, WEG Industries, a Brazil-based company specializing in motors and generators, acquired Volt Electric Motors for an undisclosed amount. This acquisition aims to strengthen WEG's market presence and expand its product offerings in key regions, particularly through Volt's manufacturing facility in Izmir, which provides logistical advantages with proximity to major ports. WEG anticipates that this deal will support its growth strategy in the industrial motors sector, pending regulatory approvals. Volt Electric Motors is a Turkish manufacturer specializing in industrial and commercial electric motors.

Major companies operating in the electric motors market are Asea Brown Boveri (ABB) Ltd., ARC Systems Inc, Asmo Co. Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek Inc., Baldor Electric Company Inc., Allied Motion Technologies Inc., Franklin Electric Co. Inc., Johnson Electric Holdings Limited, Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation, General Electric Company, Nidec Corporation, WEG S.A., Hitachi Ltd., Hyosung Corporation, Danaher Corporation, Teco Electric Machinery & Co., Dr. Fritz Faulhaber GmbH Co. KG, Maxon Motor AG, Mitsubishi Electric, Panasonic, Shandong, Bulher Motor Gmbh, BorgWarner Inc, Continental AG, Schneider Electric SE, Sumitomo Heavy Industries Ltd., Yaskawa Electric Corporation, Zhejiang Founder Motor Co. Ltd., Marathon Electric, Kirloskar Electric Company Limited

Asia-Pacific was the largest region in the electric motors market in 2025. Western Europe was the second-largest region in the electric motors market. The regions covered in the electric motors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric motors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric motors market consists of sales of rotor, bearings, stator, air gap, windings, commutator, and other electric motors. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots. 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 that 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.

Electric Motors Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses electric 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.

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Where is the largest and fastest growing market for electric motors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The electric 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Alternate Current (AC) Motor; Direct Current (AC) Motor; Hermetic Motor
• 2) By Output Power: Integral Horsepower (IHP); Fractional Horsepower (FHP)
• 3) By Application: Industrial Machinery; Motor Vehicle; HVAC Equipment; Aerospace And Transportation; Household Appliances; Other Commercial Applications
• Subsegments:
• 1) By Alternate Current (AC) Motor: Synchronous AC Motors; Asynchronous (Induction) AC Motors; Single-Phase AC Motors; Three-Phase AC Motors
• 2) By Direct Current (DC) Motor: Brushed DC Motors; Brushless DC Motors (BLDC); Shunt DC Motors; Series DC Motors; Compound DC Motors
• 3) By Hermetic Motor: Hermetically Sealed Compressor Motors; Hermetically Sealed Refrigeration Motors
• Companies Mentioned: Asea Brown Boveri (ABB) Ltd.; ARC Systems Inc; Asmo Co. Ltd.; Brook Crompton UK Ltd.; Emerson Electric Co.; Regal Beloit Corporation; Rockwell Automation Inc.; Siemens AG; Ametek Inc.; Baldor Electric Company Inc.; Allied Motion Technologies Inc.; Franklin Electric Co. Inc.; Johnson Electric Holdings Limited; Robert Bosch GmbH; Denso Corporation; Toshiba International Corporation; General Electric Company; Nidec Corporation; WEG S.A.; Hitachi Ltd.; Hyosung Corporation; Danaher Corporation; Teco Electric Machinery & Co.; Dr. Fritz Faulhaber GmbH Co. KG; Maxon Motor AG; Mitsubishi Electric; Panasonic; Shandong; Bulher Motor Gmbh; BorgWarner Inc; Continental AG; Schneider Electric SE; Sumitomo Heavy Industries Ltd.; Yaskawa Electric Corporation; Zhejiang Founder Motor Co. Ltd.; Marathon Electric; Kirloskar Electric Company Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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