Electric Motor Market (2024-2030) | Trends, Size, Forecast, Share, Growth, Revenue, Analysis

Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, 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, Others), 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)), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape. And Competitive Landscape

Product Code: ETC5928388 Publication Date: Sep 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Electric Motor Market Highlights

Report Name Electric Motor Market
Report Category / Coverage
Global
CAGR 6.7%
Market Size USD 193.7 billion by 2030
Growing Sector Industrial
Forecast Period 2024-2030

Topics Covered in the Electric Motor Market Report

Electric Motor Market report thoroughly covers the by motor type, by voltage range, by application, by speed and by region. 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.

Electric Motor Market Size Analysis

The electric motor market has been experiencing significant growth over the past few years. As of 2024, the global market is valued at approximately USD 122.2 billion. Further, the Global Market is projected to expand at a CAGR of 6.7% from 2024 to 2030. Additionally, by 2030, the market size is expected to reach around USD 193.7 billion.

Electric Motor Market Synopsis

The electric motor market has experienced substantial growth in recent years, driven by advancements in technologies and increased demand across various industries. Electric motors are essential parts of many different kinds of equipment, from electric cars and industrial machinery to HVAC systems and home appliances. The growing focus on sustainability and energy efficiency has expedited market growth as businesses and individuals aim to lower energy usage and lower their carbon footprints. Furthermore, policies and incentives from the government encouraging the use of energy-efficient technologies have been crucial in driving industry expansion. With ongoing advancements and new uses, the electric motor industry is expected to grow significantly over the next several years.

According to 6Wresearch, the Electric Motor Market revenue is expected to reach at a significant CAGR of 6.7% during the forecast period 2024-2030. The market for electric motors is expanding significantly, driven by a number of factors and confronting unique difficulties. The growing popularity of electric cars (EVs) as a result of growing environmental concerns and strict government laws meant to lower carbon emissions are important factors. The development of batteries and the falling cost of electric motors have further expedited market expansion. The market is growing as a result of the industrial sector's shift towards automation and the rising demand for residential products with efficient motor systems.

The high initial investment required for electric motor technology can be a barrier for small and medium-sized enterprises. Moreover, the availability of raw materials for manufacturing and the complex supply chain logistics poses significant hurdles. Another major challenge is the need for robust charging infrastructure to support the growing number of electric vehicles, which requires substantial public and private sector collaboration. Despite these challenges, the electric motor market continues to evolve, driven by innovation and increasing global demand for sustainable solutions.

Electric Motor Market Trends

  • Advancements in Motor Efficiency – Continuous technological growth is resulting in the creation of electric motors that are more compact and efficient. These developments are increasing efficiency while lowering energy usage, which is important for many applications ranging from home appliances to industrial gear.
  • Growth in Renewable Energy Sector - The need for electric motors is rising as a result of the growth of the renewable energy industry, especially wind and solar power. The conversion of natural energy into useful electricity is a major function of these motors, which propels market expansion.
  • Focus on Energy Conservation - Energy conservation is becoming a top priority across various sectors. As organizations aim to reduce energy costs and enhance sustainability, energy-efficient electric motors are being increasingly adopted.

Investment Opportunities in the Electric Motor Market

  • Strategic Partnerships and Collaborations – For investors looking to enter the electric motor sector, forming strategic alliances with internet giants, automakers, and industrial giants can offer substantial advantages in terms of market penetration and leverage. These collaborations may also help the sector's innovation and technological breakthroughs.
  • Aftermarket Services – Given the expanding installed base of electric motors across numerous industries, there is a substantial opportunity for electric motor maintenance, repair, and replacement services in the aftermarket sector.
  • Continued Innovation and Advancements - With ongoing research and development, electric motors are becoming more efficient, compact, and cost-effective. The adoption of alternative materials and improved design techniques is driving continuous innovation in the market.

Leading Players of the Electric Motor Market

Companies such as General Electric, Siemens AG, and ABB Ltd. are at the forefront, leveraging advanced technologies to enhance motor efficiency and performance. These pioneers in the field are not only reshaping the current environment but also establishing the standard for upcoming developments in electric motor technology. The market for electric motors is always changing as new competitors enter the scene and established businesses make R&D investments to stay competitive. Modern and sustainable electric motors are in high demand as a result of the recent emphasis on lowering carbon emissions and improving energy efficiency.

Government Regulations Introduced in the Electric Motor Market

The market for electric motors has been considerably affected by government regulations. The objectives of these policies are to decrease carbon emissions, increase energy efficiency, and support environmental sustainability. Manufacturers are required to adhere to strict efficiency criteria imposed by numerous governments in an effort to minimize energy usage and greenhouse gas emissions. Furthermore, incentives have been offered to promote the use of energy-efficient electric motors, including tax breaks and subsidies. Mandating the use of cutting-edge materials and technology to increase the efficiency and lifespan of electric motors is another common feature of these regulatory initiatives. As a result, in addition to encouraging industry innovation, these restrictions have also helped to create a more sustainable future.

Future Insights of the Electric Motor Market

The market for electric motors appears to have a bright future due to technological improvements and rising demand for energy-efficient products. Electric motors are anticipated to be essential in cutting carbon emissions and operating expenses as companies transition to more environmentally friendly and sustainable methods. The performance and longevity of these motors are anticipated to be improved by material and design innovations, increasing their suitability for a wider range of applications, including electric cars and industrial machines. Furthermore, it is anticipated that government programs and financial incentives for the adoption of sustainable energy solutions would further accelerate market expansion. With the global population becoming more electrified, the electric motor industry is expected to develop significantly due to ongoing innovation and a growing range of applications.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Alternate current motor to Dominate the Market - By motor type

According to Ravi Bhandari, Research Head, 6wresearch, a market mainstay in the electric motor industry, the alternating current (AC) motor is renowned for its effectiveness, robustness, and versatility in a range of settings. Due to their versatility in maintaining a constant speed under a range of load situations, AC motors find extensive application in a variety of industries, spanning from industrial machinery to domestic appliances. Compared to direct current (DC) motors, they are less prone to mechanical wear since they operate on the concept of electromagnetic induction. In addition, technological progress has resulted in the creation of advanced control systems for AC motors, improving both their efficiency and performance.

60V & above to dominate the market - By voltage range

The market for motors rated 60V and higher is expanding significantly in response to the growing demand for high-performance electric motors. These motors are essential for applications like electric vehicles (EVs), industrial machinery, and renewable energy systems that demand a significant amount of power and efficiency. Higher voltage ratings provide better torque and performance, which makes them perfect for demanding operations and lower the system's overall energy usage. Advancements in battery technology, in conjunction with strict environmental requirements, are driving the use of electric motors rated at 60V and higher, facilitating their development and implementation in multiple industries.

Industrial machinery to dominate the market – By application

The industrial machinery sector in the electric motor market is experiencing significant growth, driven by advancements in technology and a shift towards automation and energy efficiency. Electric motors are integral to a wide array of industrial applications, from powering conveyor belts and pumps to facilitating complex robotic operations on assembly lines. Modern electric motors are designed for higher efficiency, reliability, and performance, making them critical components in reducing operational costs and minimizing downtime. Innovations such as variable frequency drives and smart motors are enabling more precise control and diagnostics, further enhancing productivity and reducing energy consumption.

Medium-Speed Electric Motors (1,001-25,000 RPM) to dominate the market – By speed

Operating in the range of 1,001 to 25,000 RPM, medium-speed electric motors are essential parts of many commercial and industrial applications. These motors are appropriate for jobs that don't call for very high speeds or low RPMs since they strike a compromise between efficiency and performance. They are frequently found in machinery including pumps, conveyor belts, and specialty production tools. Strongness and longevity are frequently prioritized in the design of medium-speed electric motors to guarantee their capacity to operate continuously under a range of loads.

APAC to dominate the market – By region

APAC's increasing industrialization and technical improvements are making it a prominent force in the electric motor market. Electric motor adoption is leading the way in nations like China, Japan, and India because to rising investments in automation and renewable energy sources. The need is also supported by the fact that electric motors are essential to the production of electric cars (EVs), which is why EVs are so common in these nations. Furthermore, the automobile, manufacturing, and home appliance industries are among the many sectors seeing a faster shift to electric motors due to government measures supporting energy efficiency and emission reduction. With its unique blend of economic policies, technological innovation, and environmental consciousness, the APAC region is well-positioned to become a major worldwide hub for growth in the electric motor industry.

Key Attractiveness of the Report

  • 10 Years of 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

  • Electric Motor Market Outlook
  • Market Size of  Electric Motor Market, 2023
  • Forecast of  Electric Motor Market, 2030
  • Historical Data and Forecast of  Electric Motor Revenues & Volume for the Period 2020-2030
  • Electric Motor Market Trend Evolution
  • Electric Motor Market Drivers and Challenges
  • Electric Motor Price Trends
  • Electric Motor Porter's Five Forces
  • Electric Motor Industry Life Cycle
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Motor Type for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020-2030
  • Historical Data and Forecast of Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Output Power for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Heating, ventilating and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Heating, ventilating and cooling (HVAC) equipment for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Household appliances for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of  Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Europe Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Asia Pacific Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Middle East Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020-2030
  • Historical Data and Forecast of Africa Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020-2030
  • Electric Motor Market - Key Performance Indicators
  • Electric Motor Market - Import Export Trade Statistics
  • Electric Motor Market - Opportunity Assessment By Regions
  • Electric Motor Market - Opportunity Assessment By Motor Type
  • Electric Motor Market - Opportunity Assessment By Output Power
  • Electric Motor Market - Opportunity Assessment By Voltage Range
  • Electric Motor Market - Opportunity Assessment By Application
  • Electric Motor Market - Opportunity Assessment By Speed (RPM)
  • Electric Motor Market - Top Companies Market Share
  • Electric Motor Market - Top Companies Profiles
  • Electric Motor Market - Comparison of Players in Technical and Operating Parameters
  • Electric Motor Market - Strategic Recommendations

Market Covered

The market report has been segmented and sub segmented into the following categories:

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)

By Regions

  • Asia Pacific
  • Middle East
  • Africa
  • North America
  • Latin America
  • Europe
Electric Motor Market (2024-2030): FAQs
The primary types of electric motors available are AC (Alternating Current) motors, DC (Direct Current) motors, and universal motors. Among these, AC motors are subdivided into synchronous and induction motors, while DC motors include brushless and stepper motors.
When selecting an electric motor, one should consider the application's power requirements, torque, speed, efficiency, size, cost, and the operating environment. Additionally, maintenance and durability are important aspects to evaluate.
Innovations such as increased efficiency, integration of smart technology, miniaturization, and the development of new materials like high-strength magnets and better conductive materials are some of the advancements propelling the electric motor market forward.
Electric motors are playing a vital role in renewable energy sources such as wind turbines, hydroelectric power plants, and solar panels. These motors help convert mechanical energy from these sources into electrical energy that can be used for various applications. They also enable better control and management of these renewable resources, making them more efficient and reliable.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3  Electric Motor Market Overview
3.1  Regional Macro Economic Indicators
3.2  Electric Motor Market Revenues & Volume, 2020 & 2030F
3.3  Electric Motor Market - Industry Life Cycle
3.4  Electric Motor Market - Porter's Five Forces
3.5  Electric Motor Market Revenues & Volume Share, By Regions, 2020 & 2030F
3.6  Electric Motor Market Revenues & Volume Share, By Motor Type, 2020 & 2030F
3.7  Electric Motor Market Revenues & Volume Share, By Output Power, 2020 & 2030F
3.8  Electric Motor Market Revenues & Volume Share, By Voltage Range, 2020 & 2030F
3.9  Electric Motor Market Revenues & Volume Share, By Application, 2020 & 2030F
3.10  Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2020 & 2030F
4  Electric Motor Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5  Electric Motor Market Trends
6  Electric Motor Market, 2020-2030
6.1  Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
6.2  Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
6.3  Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
6.4  Electric Motor Market, Revenues & Volume, By Application, 2020-2030
6.5  Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
7 North America Electric Motor Market, 2020-2030
7.1 North America Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
7.2 North America Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
7.3 North America Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
7.4 North America Electric Motor Market, Revenues & Volume, By Application, 2020-2030
7.5 North America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
8 Latin America Electric Motor Market, 2020-2030
8.1 Latin America Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
8.2 Latin America Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
8.3 Latin America Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
8.4 Latin America Electric Motor Market, Revenues & Volume, By Application, 2020-2030
8.5 Latin America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
9 Europe Electric Motor Market, 2020-2030
9.1 Europe Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
9.2 Europe Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
9.3 Europe Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
9.4 Europe Electric Motor Market, Revenues & Volume, By Application, 2020-2030
9.5 Europe Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
10 Asia Pacific Electric Motor Market, 2020-2030
10.1 Asia Pacific Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
10.2 Asia Pacific Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
10.3 Asia Pacific Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
10.4 Asia Pacific Electric Motor Market, Revenues & Volume, By Application, 2020-2030
10.5 Asia Pacific Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
11 Middle East Electric Motor Market, 2020-2030
11.1 Middle East Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
11.2 Middle East Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
11.3 Middle East Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
11.4 Middle East Electric Motor Market, Revenues & Volume, By Application, 2020-2030
11.5 Middle East Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
12 Africa Electric Motor Market, 2020-2030
12.1 Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2020-2030
12.2 Africa Electric Motor Market, Revenues & Volume, By Output Power, 2020-2030
12.3 Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2020-2030
12.4 Africa Electric Motor Market, Revenues & Volume, By Application, 2020-2030
12.5 Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2020-2030
13  Electric Motor Market Key Performance Indicators
14  Electric Motor Market - Opportunity Assessment
14.1  Electric Motor Market Opportunity Assessment, By Regions, 2020 & 2030F
14.2  Electric Motor Market Opportunity Assessment, By Motor Type, 2020 & 2030F
14.3  Electric Motor Market Opportunity Assessment, By Output Power, 2020 & 2030F
14.4  Electric Motor Market Opportunity Assessment, By Voltage Range, 2020 & 2030F
14.5  Electric Motor Market Opportunity Assessment, By Application, 2020 & 2030F
14.6  Electric Motor Market Opportunity Assessment, By Speed (RPM), 2020 & 2030F
15  Electric Motor Market - Competitive Landscape
15.1  Electric Motor Market Revenue Share, By Companies, 2023
15.2  Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters
16 Company Profiles
17 Recommendations
18 Disclaimer
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