Product Code: ETC150145 | Publication Date: Dec 2023 | Updated Date: Oct 2025 | Product Type: Report | |
Publisher: 6Wresearch | 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 estimated at USD 139 billion and is projected to cross USD 241 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.50% during the forecast period 2025-2031.
Report Name | Global Electric Motor Market |
Report Coverage | Global |
Forecast Period | 2025-2031 |
CAGR | 8.50% |
Market Size | USD 241 billion by 2031 |
Growing Sector | Automotive & Industrial Machinery |
The Global Electric Motor Market report thoroughly covers the market by motor type, output power, voltage range, application, speed (RPM), and regions. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Global Electric Motor Market is set to experience robust growth over the past few years as industries are transitioning towards automation, electrification, and energy-efficient solutions. Electric motors are main components which is used across the industrial machinery, automotive, HVAC equipment, aerospace, and household appliances. Further, stricter energy efficiency regulations, rising adoption of electric vehicles, and surging demand for smart appliances, electric motors are expected to witness widespread deployment.
Below mentioned some major drivers and their influence on the market dynamics:
Driver | Primary Segments Affected | Why it matters (evidence) |
Rapid Electrification of Vehicles | AC Motors Automotive & Transportation | The global EV market is on the rise and government push for zero-emission transport are fuelling demand for high-efficiency AC motors. |
Energy Efficiency Regulations | Industrial & Household Appliances | Regulations like Eco-design Directive mandate energy-efficient motors, boosting demand for IE3 & IE4-rated motors. |
Industrial Automation | High-Speed Motors Manufacturing & Robotics | The use of robotics and automated systems is rising across factories, is driving the adoption of medium- and high-speed motors. |
Smart Infrastructure Growth | HVAC & Residential | Urbanization and smart city projects are expanding which requires efficient HVAC motors to optimize power consumption. |
Renewable Energy Integration | Ultrahigh-Speed Motors Power Generation & Utilities | Electric motor plays a critical role in wind turbines, hydro plants, and solar tracking systems, which enables the efficient renewable adoption. |
Global Electric Motor Market Size is predicted to expand at a strong CAGR of 8.50% during the forecast period 2025-2031. Several key factors are contributing in the expansion of the market which include the rising electrification of vehicles and government incentives for electric mobility are significantly boosting demand for high-efficiency motors. Apart from this, regulations related to strict energy-efficiency across regions, such as the EU Eco-design Directive and U.S. DOE standards, are compelling industries to adopt premium-grade motors. Further, rapid industrial automation and expansion of robotics are fuelling the use of medium- and high-speed motors in manufacturing facilities.
Below mentioned some major restraints and their influence on the market:
Restraint | Primary Segments Affected | What this means (evidence) |
High Production Costs of Premium Motors | AC & Hermetic Motors Industrial & EVs | Energy-efficient motors (IE4, IE5) involve high-grade materials like rare earth magnets, raising costs. |
Supply Chain Disruptions of Rare Earth Materials | High-Speed Motors Automotive | Heavy reliance on rare earths such as neodymium creates supply volatility risks. |
Complexity of Integration with Advanced Systems | Aerospace & Robotics | Precision applications require advanced motor control systems, raising technical barriers. |
Competition from Second-Hand/Low-Efficiency Motors | Emerging Economies | Many small enterprises still adopt low-cost refurbished motors, slowing premium motor adoption. |
High Maintenance in Harsh Environments | Oil & Gas, Mining Motors | Motors in extreme conditions (high temperature, dust) require frequent servicing, adding costs. |
Global Electric Motor Market deals with some major challenges which could hamper the growth of market such as rising raw material prices, especially copper and rare earth magnets. Other notable issues include the rising intense competition among global and regional players which leads to price pressures. Moreover, the need for continuous innovation in motor efficiency, speed, and durability creates R&D cost create pressure for the manufacturers especially small budget companies.
Some major trends emerging in the market which include:
There are numbers of the opportunities in the Global Electric Motor Industry include:
Some major leading players in the market are:
Company Name | Siemens AG |
Established Year | 1847 |
Headquarters | Munich, Germany |
Official Website | Click Here |
This company provides advanced AC, widely used in industrial automation, railways, and power generation, with a strong emphasis on digital integration.
Company Name | ABB Ltd. |
Established Year | 1988 |
Headquarters | Zurich, Switzerland |
Official Website | Click Here |
This company is a leader in high-efficiency motors, offering IE3, IE4, and IE5 solutions with digital connectivity for industrial, transportation, and utility applications.
Company Name | Nidec Corporation |
Established Year | 1973 |
Headquarters | Kyoto, Japan |
Official Website | Click Here |
This company specializes in small precision motors for electronics, appliances, and EV drivetrains, dominating the miniature motor segment.
Company Name | WEG S.A. |
Established Year | 1961 |
Headquarters | Jaragua do Sul, Brazil |
Official Website | Click Here |
This company is known for its wide portfolio of electric motors for industrial machinery, renewable projects, and utilities, with strong presence in Latin America.
Company Name | Toshiba Corporation |
Established Year | 1875 |
Headquarters | Tokyo, Japan |
Official Website | Click Here |
This company offers high-performance AC and hermetic motors, serving industrial automation, HVAC, and heavy machinery industries globally.
Governments worldwide are playing a vital role in the Global Electric Motor Market Growth through stringent regulations and supportive initiatives. For example, European Union’s Ecodesign Directive mandates that electric motors meet minimum IE3 efficiency standards and pushing manufacturers towards the high-performance solutions. In US, the Department of Energy (DOE) has introduced mandatory efficiency performance standards for industrial motors to reduce energy consumption while Bureau of Energy Efficiency (BEE) of India has implemented a star-rating system to promote efficient motor usage in appliances and industrial machinery. These regulations are not only enhancing the sustainability but also encourage innovation and global competitiveness.
In the coming years, Global Electric Motor Market appears promising in the presence of emerging trends and growth drivers such as increasing EV adoption, industrial automation, and stringent energy efficiency regulations. In the coming years, smart and IoT-enabled motors started integrated with renewable projects, and ultrahigh-speed innovations will define the next phase of market expansion. Asia Pacific will continue to dominate production, while North America and Europe will lead in efficiency-driven replacements and EV motor adoption.
According to Anjali, Senior Research Analyst, 6Wresearch, among motor types, AC motors dominate the global market due to their wide application in industrial machinery, EVs, and household appliances. Their efficiency, durability, and adaptability to various voltage levels make them the preferred choice for both industrial and residential use.
Fractional horsepower motors are the most widely adopted segment, especially in household appliances and HVAC equipment, due to their compact size and cost-effectiveness. This segment will continue to grow with increasing demand for smart consumer devices.
60 V & Above category dominates as it is widely used in EV drivetrains, industrial machinery, and renewable energy systems where high voltage is essential for efficiency and reliability.
In terms of application, motor vehicle segment is expected to lead the market owing to global EV boom. Growing government subsidies, strict emission norms, and consumer demand for sustainable mobility are fuelling this dominance.
Medium-speed electric motors lead the segment as these are extensively deployed in industrial automation, HVAC, and automotive systems, balancing efficiency and durability.
Regionally, Asia pacific is set to capture the largest global electric motor market share due to strong manufacturing ecosystems in China, Japan, South Korea, and India. Government incentives for EV adoption, renewable integration, and industrial growth drive this dominance.
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, 2021 & 2031F |
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, 2021 & 2031F |
3.6 Global Electric Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.7 Global Electric Motor Market Revenues & Volume Share, By Output Power, 2021 & 2031F |
3.8 Global Electric Motor Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.9 Global Electric Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2021 & 2031F |
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, 2021-2031 |
6.1 Global Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
6.2 Global Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
6.3 Global Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
6.4 Global Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
6.5 Global Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
7 North America Electric Motor Market, 2021-2031 |
7.1 North America Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
7.2 North America Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
7.3 North America Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
7.4 North America Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
7.5 North America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
8 Latin America Electric Motor Market, 2021-2031 |
8.1 Latin America Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
8.2 Latin America Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
8.3 Latin America Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
8.4 Latin America Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
8.5 Latin America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
9 Europe Electric Motor Market, 2021-2031 |
9.1 Europe Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
9.2 Europe Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
9.3 Europe Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
9.4 Europe Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
9.5 Europe Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
10 Asia Pacific Electric Motor Market, 2021-2031 |
10.1 Asia Pacific Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
10.2 Asia Pacific Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
10.3 Asia Pacific Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
10.4 Asia Pacific Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
10.5 Asia Pacific Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
11 Middle East Electric Motor Market, 2021-2031 |
11.1 Middle East Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
11.2 Middle East Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
11.3 Middle East Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
11.4 Middle East Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
11.5 Middle East Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
12 Africa Electric Motor Market, 2021-2031 |
12.1 Africa Electric Motor Market, Revenues & Volume, By Motor Type, 2021-2031 |
12.2 Africa Electric Motor Market, Revenues & Volume, By Output Power, 2021-2031 |
12.3 Africa Electric Motor Market, Revenues & Volume, By Voltage Range, 2021-2031 |
12.4 Africa Electric Motor Market, Revenues & Volume, By Application, 2021-2031 |
12.5 Africa Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021-2031 |
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, 2021 & 2031F |
14.2 Global Electric Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
14.3 Global Electric Motor Market Opportunity Assessment, By Output Power, 2021 & 2031F |
14.4 Global Electric Motor Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
14.5 Global Electric Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
14.6 Global Electric Motor Market Opportunity Assessment, By Speed (RPM), 2021 & 2031F |
15 Global Electric Motor Market - Competitive Landscape |
15.1 Global Electric Motor Market Revenue Share, By Companies, 2024 |
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: