| Product Code: ETC150145 | Publication Date: Dec 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
According to 6Wresearch internal database and industry insights, the Global Electric Motor Market was valued at approximately USD 133 billion in 2025 and is projected to reach nearly USD 210 billion by 2032, registering a compound annual growth rate (CAGR) of 8% during the forecast period (2026-2032).
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
|
Years |
Est. Annual Growth (%) |
Growth Drivers |
|
2021 |
6.8% |
Increasing demand for energy-efficient motors in industrial applications |
|
2022 |
7% |
Growth in electric vehicle adoption and government incentives |
|
2023 |
7.3% |
Rising demand for automation in manufacturing and consumer electronics |
|
2024 |
7.5% |
Surge in demand for high-efficiency motors to meet environmental standards |
|
2025 |
7.8% |
Adoption of AI-driven electric motor systems in industrial and commercial sectors |
The Global Electric Motor Market report thoroughly covers the market by motor types, output power, voltage range, application, speed, and regions. The report provides a detailed analysis of ongoing market trends, opportunities, key drivers, and restraints, which would help stakeholders align their market strategies according to the current and future market dynamics.
| Report Name | Global Electric Motor Market |
| Forecast period | 2026-2032 |
| CAGR | 8% |
| Market Size | USD 210 billion by 2032 |
| Growing Sector | Industrial, Automotive, Household Appliances |
The Global Electric Motor Market is growing due to the rising need for energy-efficient solutions, the widespread adoption of automation, and the expanding use of electric motors in industries, automotive, and consumer electronics. Technological progress, such as the incorporation of IoT and AI, is accelerating this growth. The market is also benefiting from the shift towards electric vehicles (EVs) and a growing emphasis on renewable energy. Significant regional growth, especially in Asia Pacific, is driving the overall market expansion, fueled by considerable investments in infrastructure and innovation.
Below mentioned are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Electric Vehicle Adoption | Automotive, Transport | Growing interest in EVs is boosting the need for high-efficiency motors, spurring market development. |
| Technological Advancements | Industrial, Household Appliances | Motor design advancements, including the integration of IoT and AI, are improving operational efficiency and energy performance. |
| Energy Efficiency Policies | Industrial, Residential, | Advocates for energy-efficient electric motors to help meet environmental standards while lowering energy costs. |
| Government Regulations | All Sectors | Strict regulations on energy consumption and environmental impacts encourage the use of efficient electric motors. |
| Industrial Growth | Industrial, Manufacturing, Automation | Market expansion is being fueled by the increasing demand for energy-efficient motors and automation in industrial and heavy sectors. |
The Global Electric Motor Market size is projected to grow at a CAGR of 8% during the forecast period (2026–2032). The Surging global demand for energy-efficient solutions, the rapid growth of electric vehicles (EVs), and the expansion of automated industrial processes are primary drivers for the Global Electric Motor Market Growth. Rising environmental awareness, government incentives for clean energy adoption, and the ongoing shift toward renewable power sources for electricity generation are key contributors to the market's overall growth. In addition, the development of advanced motor technologies and the widespread adoption of smart systems are fueling the growing need for electric motors in industries.
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Initial Costs | Automotive, Industrial | Higher upfront costs of high-efficiency electric motors may limit adoption in price-sensitive sectors. |
| Technological Barriers | All Sectors | Compatibility challenges with current systems are slowing down the adoption of certain advanced motor technologies. |
| Regulatory Hurdles | All Sectors | The presence of rigorous regulations and certification processes in some markets may slow down product approval |
| Competition from Alternative Technologies | Automotive, Industrial | Emerging technologies such as hydrogen fuel cells and hybrid systems may compete with electric motors. |
There are Several hurdles faced by the Global Electric Motor Industry, such as the significant initial investment required for advanced motor technologies, particularly in the automotive sector. The dependence on rare-earth metals for high-performance motors increases production costs and sustainability issues. Supply chain disruptions, volatile commodity prices, and increasingly stringent environmental regulations complicate the manufacturing process.
Trends Contributing to the Development of the Global Electric Motor Market:
The use of AI and IoT in electric motors boosts their performance tracking, maintenance forecasting, and overall efficiency.
Here are investment opportunities in the Global Electric Motor Market
Here are some top companies contributing to the Global Electric Motor Market Share:
| Company Name | Siemens AG |
| Established Year | 1847 |
| Headquarters | Munich, Germany |
| Official Website | Click Here |
Siemens is a global leader in electric motor technologies, providing a wide range of motors for industrial automation, HVAC systems, and the automotive sector, focusing on energy efficiency and sustainability.
| Company Name | ABB Ltd. |
| Established Year | 1988 |
| Headquarters | Zurich, Switzerland |
| Official Website | Click Here |
ABB is a major player in the electric motor market, offering products that cater to various industries including power, automotive, and robotics, with a focus on advanced control systems and energy-saving technologies.
| Company Name | Nidec Corporation |
| Established Year | 1973 |
| Headquarters | Kyoto, Japan |
| Official Website | Click Here |
Nidec specializes in the development of small to large motors for appliances, automotive, industrial equipment, and renewable energy applications, with a strong emphasis on motor innovation and efficiency.
| Company Name | General Electric (GE) Co. |
| Established Year | 1892 |
| Headquarters | Schenectady, New York, USA |
| Official Website | Click Here |
GE is a leading supplier of electric motors for various sectors, including renewable energy, industrial equipment, and transportation, with a focus on high-efficiency solutions and reducing carbon footprints.
| Company Name | Regal Beloit Corporation |
| Established Year | 1955 |
| Headquarters | Beloit, Wisconsin, USA |
| Official Website | Click Here |
Regal Beloit manufactures a wide range of electric motors for industrial, commercial, and residential applications, focusing on energy-efficient motors and providing integrated solutions for power transmission.
Governments globally are driving the adoption of energy-efficient electric motor technologies which are energy-efficient through regulations, and also provides incentives. For example, the European Union's energy efficiency directives are supporting industries to use efficient electric motors, which are funded and backed by tax benefits. The U.S. Department of Energy (DOE) Energy Efficiency and Renewable Energy programs provide financial support and instructions to the manufacturers those who are developing high-efficiency motors.
The Global Electric Motor Market is projected to grow threefold, fueled by ongoing technological advancements, an increasing demand for energy-efficient products, and the global shift toward electric vehicles and cleaner energy. The expanding demand for intelligent systems, combined with AI innovations and advancements in the electric vehicle industry, will define the future of the market. The rise in industrial automation will further boost the demand for high-efficiency, high-performance motors across different industries.
The report offers a comprehensive study of the following market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, the alternating current (AC) motor segment dominates the Global Electric Motor Market due to their widespread application across multiple industries such as manufacturing, HVAC, and automotive.
Electric motors below 1kW are leading the market due to their application in household appliances, small machinery, and consumer electronics.
The electric motor market is predominantly driven by the 9V & Below voltage range, which is extensively employed in consumer electronics, toys, and small home appliances.
The industrial machinery sector dominates the global electric motor market, fueled by the rising demand for automation in manufacturing.
Leading the market, low-speed motors are commonly used in systems that need steady, slow operation, such as pumps and fans.
Asia Pacific dominates the Global Electric Motor Market due to the high industrialization rate, growing automotive sector, and increasing demand for residential and commercial appliances.
The report offers a comprehensive study of the subsequent market segments
| 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 Global Electric Motor Market Overview |
| 3.1 Global Regional Macro Economic Indicators |
| 3.2 Global Electric Motor Market Revenues & Volume, 2022 & 2032F |
| 3.3 Global Electric Motor Market - Industry Life Cycle |
| 3.4 Global Electric Motor Market - Porter's Five Forces |
| 3.5 Global Electric Motor Market Revenues & Volume Share, By Regions, 2022 & 2032F |
| 3.6 Global Electric Motor Market Revenues & Volume Share, By Motor Type, 2022 & 2032F |
| 3.7 Global Electric Motor Market Revenues & Volume Share, By Output Power, 2022 & 2032F |
| 3.8 Global Electric Motor Market Revenues & Volume Share, By Voltage Range, 2022 & 2032F |
| 3.9 Global Electric Motor Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 3.10 Global Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2022 & 2032F |
| 4 Global Electric Motor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Electric Motor Market Trends |
| 6 Global Electric Motor Market, 2022-2032 |
| 6.1 Global Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 6.2 Global Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 6.3 Global Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 6.4 Global Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 6.5 Global Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 7 North America Electric Motor Market, 2022-2032 |
| 7.1 North America Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 7.2 North America Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 7.3 North America Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 7.4 North America Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 7.5 North America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 8 Latin America Electric Motor Market, 2022-2032 |
| 8.1 Latin America Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 8.2 Latin America Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 8.3 Latin America Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 8.4 Latin America Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 8.5 Latin America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 9 Europe Electric Motor Market, 2022-2032 |
| 9.1 Europe Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 9.2 Europe Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 9.3 Europe Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 9.4 Europe Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 9.5 Europe Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 10 Asia Pacific Electric Motor Market, 2022-2032 |
| 10.1 Asia Pacific Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 10.2 Asia Pacific Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 10.3 Asia Pacific Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 10.4 Asia Pacific Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 10.5 Asia Pacific Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 11 Middle East Electric Motor Market, 2022-2032 |
| 11.1 Middle East Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 11.2 Middle East Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 11.3 Middle East Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 11.4 Middle East Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 11.5 Middle East Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 12 Africa Electric Motor Market, 2022-2032 |
| 12.1 Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2022-2032 |
| 12.2 Africa Electric Motor Market, Revenues & Volume, By Output Power, 2022-2032 |
| 12.3 Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2022-2032 |
| 12.4 Africa Electric Motor Market, Revenues & Volume, By Application, 2022-2032 |
| 12.5 Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2022-2032 |
| 13 Global Electric Motor Market Key Performance Indicators |
| 14 Global Electric Motor Market - Opportunity Assessment |
| 14.1 Global Electric Motor Market Opportunity Assessment, By Regions, 2022 & 2032F |
| 14.2 Global Electric Motor Market Opportunity Assessment, By Motor Type, 2022 & 2032F |
| 14.3 Global Electric Motor Market Opportunity Assessment, By Output Power, 2022 & 2032F |
| 14.4 Global Electric Motor Market Opportunity Assessment, By Voltage Range, 2022 & 2032F |
| 14.5 Global Electric Motor Market Opportunity Assessment, By Application, 2022 & 2032F |
| 14.6 Global Electric Motor Market Opportunity Assessment, By Speed (RPM), 2022 & 2032F |
| 15 Global Electric Motor Market - Competitive Landscape |
| 15.1 Global Electric Motor Market Revenue Share, By Companies, 2025 |
| 15.2 Global Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 16 Company Profiles |
| 17 Recommendations |
| 18 Disclaimer |
| Product Code: ETC150145 | Publication Date: Jul 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Electric Motor Market report thoroughly covers the market by motor type, speed, voltage, application, and 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.
Global Electric Motor Market is likely to project moderate growth during the upcoming period on account of rapid technological advancement. Rising fuel prices across the world are likely to boost the growth of the electric motor market. The rising demand for electricity backed by rapid urbanization is driving the demand for electric motors in the residential sector further leading to the development of the market. The establishment of buildings, offices, and shopping complexes beholds the increasing growth of the market. Surging incentives by the government towards the usage of an emission-less vehicle owing to surging environmental concern is driving the Electric Motor Market Growth. Also, surging prices of electricity are one of the key factors shifting the consumers towards the adoption of Electric motors.
According to 6Wresearch, the Global Electric Motor Market size is projected to register growth during 2021-2027. Increasing innovation and advancement in technology are driving the demand for electric motors. Additionally, the various benefits provided by the electric motor such as reduction of carbon emission and high efficiency are proliferating the Electric Motor Share. Rising expenditure in the defense sector coupled with Growing disposable income along with a rising standard of living drives the need for the HVAC segment further leading to the development of the electric motor market. Growing development in agriculture, industrial and commercial sectors beholds the deployment of electric motors further proliferating the Electric Motor Market Share. Additionally, increasing the efficiency of electric motors triggers the potential growth of the electric motor market in the industrial sector. The high initial and maintenance cost is a restraining factor in the growth of the market. The global emergency caused by COVID-19 has added to the negative growth of the market backed by a nationwide lockdown leading to the disruption in the supply chain.
On the basis of voltage, 60V and above segment are expected to account for the highest share on account of its increasing demand for heavy industrial machinery.
The Industrial Motor Market size is anticipated to rise in the upcoming years. Industrial machinery is leading the market and is expected to dominate during the forecast period as well on account of its increasing demand.
On the basis of Geography, North America is leading the market and is expected to secure the position during the forecast period as well on account of rapid industrial growth and expansion of the aerospace industry.
The report provides a detailed analysis of the following market segments: