Market Forecast By Motor Type (AC Motor, DC Motor), By Output (Integral, Fractional), By Voltage (Low Voltage (0 -1000V), Medium Voltage (1000.1V-5000V), High Voltage (5000.1V & Above)), By Industries (Industrial Process, Automotive, HVAC (Heating, Ventilation, And Air Conditioning Equipment), Power Generation, Consumer Appliances, Others (Aerospace, Defense, Transport Infrastructure, Agriculture, Wastewater Management)) And Competitive Landscape
Product Code: ETC081271 | Publication Date: Feb 2025 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 71 | No. of Figures: 22 | No. of Tables: 4 | |
Australia Electric Motor market currently, in 2023, has witnessed an HHI of 1554, Which has increased slightly as compared to the HHI of 1041 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Australia Electric Motor Market Report thoroughly covers the market by Motor Type, Output, Voltage and Industries. Australia Electric Motor Market Outlook report provides an unbiased and detailed analysis of the ongoing Australia Electric Motor Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Australia electric motor market is driven by strong industrial growth, rising energy efficiency demands, and advancements in renewable energy and electric vehicle adoption. The country’s 27 appliance factories, including 15 large-scale facilities, require electric motors for manufacturing household and commercial products. Rapid expansion in renewable energy projects, with 56 under construction by the end of 2023 and a $3.3 billion investment planned in 2024 for over 1,400 MW of new capacity, fuels demand for electric motors in wind and solar farms. The EV market, doubling annually since 2020 and surpassing 180,000 vehicles in 2023, further fuels demand for low- and fractional-voltage motors.
The HVAC sector, driven by urbanization and the expansion of infrastructure, increases the need for energy-efficient heating, ventilation, and air conditioning systems. Moreover, mining, a key contributor to the economy at 13.6% of GDP in 2023, and over 350 active mine sites, drives demand for high-performance motors in heavy machinery. Combined with rising automotive sales and the push for automation and sustainability, these factors position Australia’s electric motor market for robust growth.
According to 6Wresearch, Australia Electric Motor Market is projected to grow at a CAGR of 4.2% from 2025-2031F. The Australian electric motor market is poised for significant growth, driven by several key factors. The federal government’s capacity investment scheme, set to run from 2024 to 2027, aims to add 32GW of renewables and storage to the grid by 2030, which would increase demand for electric motors in renewable energy projects. Australia’s target of a 100% zero-emission vehicle fleet by 2050, with plans to reach 1 million electric vehicles by 2027, would further spur demand in the automotive sector. Major industrial projects, such as Noumed Pharma’s $65.3 million production facility, scheduled for completion by 2025, would also drive the need for electric motors in manufacturing. Similarly, Mars’ $39.9 million investment in a 100% renewable energy solution at its Wodonga Solar Thermal Plant, aimed for completion by 2050, would create demand for motors in energy-efficient manufacturing processes. These developments, along with infrastructure growth and the push for sustainability, position the Australian electric motor market for substantial expansion.
AC motors are expected to see the highest growth in Australia’s electric motor market due to their energy efficiency, reliability, and versatility in industrial applications. As Australian industries, particularly in manufacturing, HVAC, and renewable energy, seek more sustainable and cost-effective solutions, the demand for AC motors would rise, driven by their ability to handle high-power and continuous operations.
The market opportunity lies in fractional output motors, driven by their superior performance in applications requiring low power consumption and compact designs. As industries increasingly prioritize energy efficiency and space optimization, fractional horsepower (FHP) motors are gaining traction. This trend is expected to lead to significant demand from commercial and residential sectors looking to upgrade to more efficient, cost-effective systems during the forecast period.
The growing trend of renewable energy adoption is driving the demand for low-voltage electric motors in the market. As countries focus on sustainable energy solutions and energy-efficient technologies, low-voltage motors are becoming essential for wind, solar, and other green energy systems. This shift towards cleaner energy sources would fuel significant market growth for low-voltage motors in the coming years.
The focal point of the market would be the automotive industry, as the demand for automobiles is increasing in the country due to rapid urbanization, rising disposable income, and advancements in electric vehicle (EV) technology. This continuous growth in the automotive sector, particularly in EVs and hybrid vehicles, would drive the demand for electric motors during the forecast period.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Australia Electric Motor Market Overview |
3.1. Australia Electric Motor Market Revenues and Volume, 2021-2031F |
3.2. Australia Electric Motor Market Industry Life Cycle |
3.3. Australia Electric Motor Market Porter's Five Forces |
4. Australia Electric Motor Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Australia Electric Motor Market Trends And Evolution |
6. Australia Electric Motor Market Overview, By Motor Type |
6.1. Australia Electric Motor Market Revenue Share, By Motor Type, 2024 & 2031F |
6.1.1. Australia Electric Motor Market Revenues, By AC Motor, 2021-2031F |
6.1.2. Australia Electric Motor Market Revenues, By DC Motor, 2021-2031F |
6.2. Australia Electric Motor Market Volume Share, By Motor Type, 2024 & 2031F |
6.2.1. Australia Electric Motor Market Volume, By AC Motor, 2021-2031F |
6.2.2. Australia Electric Motor Market Volume, By DC Motor, 2021-2031F |
7. Australia Electric Motor Market Overview, By Output |
7.1. Australia Electric Motor Market Revenue Share, By Output, 2024 & 2031F |
7.1.1. Australia Electric Motor Market Revenues, By Integral, 2021-2031F |
7.1.2. Australia Electric Motor Market Revenues, By Fractional, 2021-2031F |
8. Australia Electric Motor Market Overview, By Voltage |
8.1. Australia Electric Motor Market Revenue Share, By Voltage, 2024 & 2031F |
8.1.1. Australia Electric Motor Market Revenues, By Low Voltage, 2021-2031F |
8.1.2. Australia Electric Motor Market Revenues, By Medium Voltage, 2021-2031F |
8.1.3. Australia Electric Motor Market Revenues, By High Voltage, 2021-2031F |
9. Australia Electric Motor Market Overview, By Industries |
9.1. Australia Electric Motor Market Revenue Share, By Industries, 2024 & 2031F |
9.1.1. Australia Electric Motor Market Revenues, By Industrial Process, 2021-2031F |
9.1.2. Australia Electric Motor Market Revenues, By HVAC, 2021-2031F |
9.1.3. Australia Electric Motor Market Revenues, By Consumer Appliances, 2021-2031F |
9.1.4. Australia Electric Motor Market Revenues, By Automotive, 2021-2031F |
9.1.5. Australia Electric Motor Market Revenues, By Power Generation, 2021-2031F |
9.1.6. Australia Electric Motor Market Revenues, By Others, 2021-2031F |
10. Australia Electric Motor Market Key Performance Indicator |
11. Australia Electric Motor Market Opportunity Assessment |
11.1. Australia Electric Motor Market Opportunity Assessment, By Motor Type, 2031F |
11.2. Australia Electric Motor Market Opportunity Assessment, By Output, 2031F |
11.3. Australia Electric Motor Market Opportunity Assessment, By Voltage, 2031F |
11.4. Australia Electric Motor Market Opportunity Assessment, By Industries, 2031F |
12. Australia Electric Motor Market Competitive Landscape |
12.1. Australia Electric Motor Market Revenue Ranking, By Top 3 Companies, 2024 |
12.2. Australia Electric Motor Market Competitive Benchmarking, By Technical Parameters |
12.3. Australia Electric Motor Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
13.1. ABB Australia Pty Ltd |
13.2. Rockwell Automation Australia Ltd |
13.3. Siemens AG |
13.4. Johnson Electric Holdings Ltd |
13.5. Techtop Australia Pty Ltd |
13.6. Nidec Industrial Automation Australia |
13.7. WEG S.A. |
13.8. Toshiba International Corporation Pty Ltd. |
13.9. Robert Bosch (Australia) Pty Ltd |
List of Figures |
1. Australia Electric Motor Market Revenues and Volume, 2021-2031F (USD Million, Thousand Units) |
2. Australia Electric Vehicle Sales, 2020-2023 |
3. Australia Electric Vehicle Target by 2027 & 2030, (Thousand Units) |
4. Australia Energy Consumption, 2022-23, (PJ) |
5. Australia Total Electricity Generation From Renewable Energy Sources In 2023, (%) |
6. Average Copper Price Fluctuation, 2021–2025 ($/Pound) |
7. Australia Electric Motor Market Revenue Share, By Motor Type, 2024 & 2031F |
8. Australia Electric Motor Market Volume Share, By Motor Type, 2024 & 2031F |
9. Australia Electric Motor Market Revenue Share, By Output, 2024 & 2031F |
10. Australia Electric Motor Market Revenue Share, By Voltage, 2024 & 2031F |
11. Australia Electric Motor Market Revenue Share, By Industries, 2024 & 2031F |
12. Australia Sales and Service Income Across Industries, (% Change), 2021-22 to 2022-23 |
13. Australia Industries Earnings ($ Billion), 2022-23 |
14. Australia Industries Value Added ($ Million), 2022-23 |
15. Australia Automotive Total Imports, 2020-2023, ($ Million) |
16. Australia top-selling Passenger Vehicle brands, 2022 |
17. Australia Automotive Total Local Production, 2020-2023, ($ Million) |
18. Australia Electric Motor Market Opportunity Assessment, By Motor Type, 2031F ($ Million) |
19. Australia Electric Motor Market Opportunity Assessment, By Output, 2031F ($ Million) |
20. Australia Electric Motor Market Opportunity Assessment, By Voltage, 2031F ($ Million) |
21. Australia Electric Motor Market Opportunity Assessment, By Industries, 2031F ($ Million) |
22. Australia Electric Motor Market Revenue Ranking, By Top 3 Companies, 2024 |
List of tables |
1. Australia Electric Motor Market Revenues, By Motor Type, 2021-2031F, ($ Millions) |
2. Australia Electric Motor Market Volume, By Motor Type, 2021-2031F, (Thousand Units) |
3. Australia Electric Motor Market Revenues, By Output, 2021-2031F, ($ Millions) |
4. Australia Electric Motor Market Revenues, By Voltage, 2021-2031F, ($ Millions) |
5. Australia Electric Motor Market Revenues, By Industries, 2021-2031F, ($ Millions) |
Market Forecast By Motor Type (AC Motor, DC Motor), By Output (Integral, Fractional), By Voltage (Low Voltage (0 -1000V), Medium Voltage (1000.1V-5000V), High Voltage (5000.1V & Above)), By Industries (Industrial Process, Automotive, HVAC (Heating, Ventilation, And Air Conditioning Equipment), Power Generation, Consumer Appliances, Others (Aerospace, Defense, Transport Infrastructure, Agriculture, Wastewater Management)) And Competitive Landscape
Product Code: ETC081271 | Publication Date: Aug 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 81 | No. of Figures: 28 | No. of Tables: 5 |
In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 30.6% over the previous year. While the USA registered a decline of -45.19% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1045 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 1634 which signifies moderately concentrated in the market.
The Australia Electric Motor Market report thoroughly covers the market by motor type, output, voltage, and industries. The market 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.
Renewable energy integration, industrial automation, robotics, the rising adoption of electric vehicles, the mining and resources sector, energy efficiency initiatives, technological advancements, and government support are some of the latest developments taking place in the Australia Electric Motor Market. The nation has been experiencing a rising interest in electric vehicles and this led to a rise in demand for electric motors used in electric vehicles. They are also used in the formation of charging infrastructure in the nation. The country has been pursuing the integration of renewable energy sources like wind and solar power. These electric motors have an essential role to play in renewable energy generation as well as storage systems, which creates opportunities in the sector. The Australian manufacturing market has been improving automation as well as robotics technologies. These electric motors are crucial components in these systems and they are stimulating the increased demand in industrial automation applications. These developments are playing a significant role in the Australia Electric Motor Market growth.
Australia Electric Motor Market witnessed a standard growth in recent years on account of the growing demand for electric motors due to the expansion of industrial activities such as mining, automotive, packaging, power generation, consumer appliances and manufacturing. The market is anticipated to accomplish more growth during the forecast period due to the factors driving its growth.
According to 6Wresearch, Australia Electric Motor Market size is projected to grow at CAGR of 4.4% during 2021-27. The demand for electric motors increased owing to the growth of industries such as mining and construction which grew by 14.2% and 6.0% respectively in 2020. Furthermore, Australian automobile market showed positive signs with a 13% increase in sales compared to Q1 2020, and government regulation to optimize energy consumption are major factors contributing to the growth of the electric motor market in Australia. Further, underpinned by increased demand for HVAC systems from the residential sector and the rising inclination of the automobile industry towards electric vehicles, the demand for electric motors is expected to increase in the upcoming years. These electric motors have an essential role to play in renewable energy generation as well as storage systems, which creates opportunities in the sector. The Australian manufacturing market has been improving automation as well as robotics technologies.
By motor type, AC motor has the majority of market revenue share in the overall market revenues in 2020 owing to its surging demand in industries for automation and electrification. However, the growing popularity of DC motors due to their high efficiency and wide demand in electric vehicles are likely to drive the DC motor's market revenue size over the coming years. By voltage, the low voltage motor has the majority of market revenue share owing to its wide applicability in consumer electronics products, owing to the rise in online consumer sales, which grew by 25.8% in the year 2020 and the same trend is projected in the coming years, leading to high demand for low voltage motors in the country.
According to Gyan, Senior Research Analyst, 6Wresearch, AC motor has the majority of market revenue share in the overall market revenues in 2020 owing to its surging demand in industries for automation and electrification. However, the growing popularity of DC motors due to their high efficiency and wide demand in electric vehicles are likely to drive the DC motor's market revenue size over the coming years.
By voltage, the low voltage motor has the majority of market revenue share owing to its wide applicability in consumer electronics products, owing to the rise in online consumer sales, which grew by 25.8% in the year 2020 and the same trend is projected in the coming years, leading to high demand for low voltage motors in the country.
The spread of COVID-19 in 2020 resulted in turmoil for the industrial sector due to the lockdown measures adopted to curb the spread of the virus, which in turn led to a downfall in product revenue during the pandemic. Although, with the gradual upliftment of lockdown restrictions, sales of electric motors have begun to get back on track as operations in industries and construction resumed, which led the market back to its growth trajectory. The market was affected the most by the pandemic and one of the biggest reasons behind this is that these electric motors are widely used in electric vehicles as well as traditional vehicles and the automotive sector was affected significantly by the pandemic, which brought challenges to the Electric Motor Market in Australia.
Some significant players operating in the market include:
The report provides a detailed analysis of the following market segments: