Asia Pacific (APAC) Electric Motor Market (2024-2030) | Share, Analysis, Size, Revenue, Forecast, Trends, Growth, Industry, Outlook & Segmentation

Asia Pacific Electric Motor Market Highlights

Report Name	Asia Pacific Electric Motor Market
Forecast period	2024-2030
CAGR	7.1%
Growing Sector	Automotive

Topics Covered in the Asia Pacific (APAC) Electric Motor Market

Asia Pacific (APAC) Electric Motor Market report thoroughly covers the market by countries, by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Asia Pacific (APAC) Electric Motor Market Synopsis

Asia Pacific (APAC) Electric Motor Market is a dynamic and rapidly growing market, driven by the demand for energy-efficient systems and the adoption of green technology. Despite the challenges, the region offers significant opportunities for electric motor manufacturers to cater to the growing demand for electric motors across various industries. The market is expected to continue its growth trajectory in the coming years, with the adoption of new technologies and the increasing focus on sustainable solutions. The Asia Pacific region is a major contributor to the global electric motor market. The region accounts for a significant portion of the global demand for electric motors, driven by the growing need for energy-efficient systems across various industries. 

According to 6Wresearch, the Asia Pacific (APAC) Electric Motor Market Size is expected to reach a CAGR of 7.1% during the forecast period of 2024-2030. The Asia Pacific region is the largest contributor to global economic growth, with major countries such as China and India investing heavily in the manufacturing sector. The increasing demand for industrial automation, coupled with the need for energy-efficient solutions, has driven the growth of the electric motor market. However, challenges such as the lack of skilled labor, volatility of raw material prices, and high initial costs have restrained the Asia Pacific (APAC) Electric Motor Market Growth. The Asia Pacific region is witnessing a shift towards the adoption of electric vehicles as a means of reducing carbon emissions and promoting sustainable transportation. This has created significant opportunities for electric motor manufacturers to meet the demand for electric vehicle motors. 

Furthermore, the increased adoption of Internet of Things (IoT) and artificial intelligence technologies in the manufacturing sector has led to the development of smart motors that enable efficient monitoring and control of industrial processes. The growing demand for energy-efficient systems has also led to the adoption of high-efficiency motors that consume less energy, reducing operating costs and carbon emissions. These motors are being utilized across a range of industries, including manufacturing, agriculture, and transportation.

Government policies and schemes introduced in the Asia Pacific (APAC) Electric Motor Market 

The government policies and schemes that are introduced in the Asia Pacific (APAC) Electric Motor Industry are critical drivers in promoting the use of electric motors. For instance, in China, subsidy programs for electric vehicles are implemented by the government. This means that the country subsidizes up to 50% of the purchase price of electric vehicles. In India, the government announced the FAME (Faster Adoption and Manufacturing of Electric Vehicles) scheme to incentivize the use of electric vehicles. In Singapore, the implementation of the Vehicular Emissions Scheme (VES) has encouraged car buyers to opt for vehicles with better energy efficiency. Similarly, South Korea introduced the Low Emissions Vehicle Promotion Act, promoting the use of low-emission vehicles such as electric cars and hybrids.

Leading players in the Asia Pacific (APAC) Electric Motor Market

The Asia Pacific Electric Motor Industry has witnessed significant growth over the years due to the efforts of many leading players. Some of these leading players are Siemens AG, Nidec Corporation, Denso Corporation, Toshiba Corporation, and ABB Ltd. These companies have established themselves as the top manufacturers of electric motors in the region.

Future Insights of the Asia Pacific (APAC) Electric Motor Market

The Asia Pacific (APAC) electric motor market is poised for substantial growth in the coming years, driven by the increasing adoption of electric vehicles (EVs), advancements in renewable energy technologies, and expanding industrial automation. Notably, government initiatives aimed at reducing carbon footprints and promoting sustainable practices are expected to play a crucial role in accelerating market dynamics. Moreover, the rapid urbanization and industrialization in emerging economies such as China, India, and Southeast Asian countries are likely to boost the demand for electric motors across various sectors, including manufacturing, automotive, and consumer electronics. Innovations in motor efficiency, coupled with efforts to integrate smart technologies, are also anticipated to create new opportunities for market players. 

Market Analysis by Application

Based on Application, the industrial machinery and motor vehicle segments are expected to dominate the market, owing to the increasing need for automation and sustainable transportation solutions.

Market Analysis by Countries

Based on Countries, China holds the largest share in the Asia Pacific (APAC) Electric Motor Market. China has also seen a significant growth in the electric motor market due to the growing number of electric vehicle sales. India is expected to grow rapidly in this market due to the government's plans to shift towards sustainable energy solutions. 

Market analysis by Motor Type

According to Shivani, Senior Research Analyst, 6Wresearch, the AC Motor segment is expected to lead the Asia Pacific (APAC) Electric Motor Market Share due to ease of operation and maintenance and higher efficiency compared to DC motors.

Market analysis by Speed

By Speed, the low-speed electric motor segment is anticipated to capture the largest market share, as it is widely used in industrial applications, including large fans and pumps.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Asia Pacific Electric Motor Market Overview
• Asia Pacific Electric Motor Market Outlook
• Asia Pacific Electric Motor Market Forecast
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, until 2030.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by Type, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Type, until 2030.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by power output, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by power Output, until 2030.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by Voltage, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Voltage, until 2030.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by end-user, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by end-user, until 2030.
• Historical Data of Asia Pacific Electric Motor Market Revenues and Volumes, by application, for the Period 2020-2030.
• Market Size & Forecast of Asia Pacific Electric Motor Market Revenues and Volumes, by Application, until 2030.
• Historical Data of India Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of India Electric Motor Market Revenues and Volumes until 2030.
• Historical Data of China Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of China Electric Motor Market Revenues and Volumes until 2030.
• Historical Data of Japan Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of Japan Electric Motor Market Revenues and Volumes until 2030.
• Historical Data of Indonesia Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of Indonesia Electric Motor Market Revenues and Volumes until 2030
• Historical Data of Malaysia Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of Malaysia Electric Motor Market Revenues and Volumes until 2030
• Historical Data of Australia Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of Australia Electric Motor Market Revenues and Volumes until 2030
• Historical Data of Thailand Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of Thailand Electric Motor Market Revenues and Volumes until 2030
• Historical Data of the rest of Asia Pacific Electric Motor Market Revenues and Volumes for the Period 2020-2030.
• Market Size & Forecast of the rest of Asia Pacific Electric Motor Market Revenues and Volumes until 2030.
• Market Drivers and Restraints
• Asia Pacific Electric Motor Market Price Trends
• Asia Pacific Electric Motor Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Electric Motor Market Share, By Players
• Asia Pacific Electric Motor Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• China
• India
• Japan
• Australia
• Indonesia
• Philippines
• Thailand
• Malaysia
• Singapore
• Rest Of Asia

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating
• And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed (RPM)

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM))