Latin America Electric Motor Market (2025-2031) | Growth, Companies, Forecast, Industry, Outlook, Size, Share, Value, Trends, Revenue & Analysis
Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), 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, 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)) And Competitive Landscape
| Product Code: ETC058935 | Publication Date: Dec 2023 | Updated Date: Oct 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 89 | No. of Tables: 30 | |
Latin America Electric Motor Market Size & Growth Rate
According to 6Wresearch internal database and industry insights, the Latin America Electric Motor Market was demonstrated at USD 9.7 billion and projected to cross USD 19.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period 2025-2031.
Latin America Electric Motor Market Highlights
| Report Name | Latin America Electric Motor Market |
| Forecast Period | 2025-2031 |
| CAGR | 6.5% |
| Market Size | USD 19.5 billion by 2031 |
| Growing Sector | Industrial Machinery & Motor Vehicles |
Topics Covered in the Latin America Electric Motor Market Report
The Latin America Electric Motor Market report thoroughly covers the market by motor types, output power, voltage range, applications, speed (RPM), and countries. 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.
Latin America Electric Motor Market Synopsis
Latin America Electric Motor Market is experiencing modest growth over the last few years. As electric motors are the backbone of multiple sectors such as industrial machinery, transportation systems, and household appliances, the economic condition of Latin America is set to boom. Further, favourable renewable energy is integrating and smart grid projects are also creating huge demand for advanced electric motors across the region.
Evaluation of Growth Drivers in the Latin America Electric Motor Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Driver | Primary Segments Affected | Why it matters (evidence) |
| Industrial Automation | AC Motors Industrial Machinery | Manufacturing hubs across Brazil and Mexico are adopting automation equipment that heavily relies on high-efficiency AC motors. |
| Electric Vehicle Expansion | AC & Hermetic Motors; Motor Vehicles | Latin American automotive OEMs, particularly in Mexico and Brazil, are boosting EV production, raising demand for compact and high-performance electric motors. |
| Infrastructure Modernization | AC Motors HVAC & Transportation | Rapid urbanization and smart infrastructure programs increase demand for HVAC and rail systems powered by electric motors. |
| Household Appliance Demand | Hermetic Motors Residential Appliances | Rising middle-class population drives sales of refrigerators, washing machines, and air conditioners, all powered by hermetic motors. |
| Renewable Energy Integration | AC Motors; Utilities & Power | In Brazil and Chile, wind and solar farms are deploying electric motors in auxiliary systems, enhancing energy efficiency. |
Latin America Electric Motor Market Size is anticipated to grow exponentially at a CAGR of 6.5% during the forecast period 2025-2031. Owing to rapid adoption of electric vehicles, expanding renewable energy projects such as wind and solar farms, and rising industrial automation across manufacturing hubs, this market is continued to expand dynamically. Apart from this, investments are increased in water infrastructure and wastewater treatment which are boosting demand for pump and high-voltage motors. Urbanization of region and climate conditions are also accelerating the deployment of energy-efficient HVAC systems. Together, these factors have positioned Latin America as a growing hub for electric motor.
Evaluation of Restraints in the Latin America Electric Motor Market
Below mentioned some major restraints and their influence on the market dynamics:
| Restraint | Primary Segments Affected | What this means (evidence) |
| High Import Dependency | Industrial & Automotive OEMs | Dependence on imports from Asia raises costs and creates supply-chain vulnerability. |
| Price Sensitivity | Household Appliances & Small Motors | Consumers in low-income groups prefer cheaper alternatives, limiting premium motor adoption. |
| Grid Instability | Industrial & Commercial Sectors | Power supply interruptions reduce adoption of advanced high-speed motors requiring stable electricity. |
| Lack of Skilled Workforce | EV & Industrial Automation | Integration of advanced electric motor systems requires skilled technicians, which remain limited in several Latin American countries. |
| Competition from Second-Hand Equipment | Industrial Machinery | Use of refurbished motors in cost-sensitive markets hampers growth of new electric motor demand. |
Latin America Electric Motor Market Challenges
There are numbers of the challenges present in the Latin America Electric Motor Market. Those challenges are disrupting the supply chain and manufacturing process. Major obstacles include the high dependence on imported motor technologies, underdeveloped domestic manufacturing bases in some countries, and infrastructure bottlenecks. Further, uneven enforcement of energy-efficiency standards across Latin American nations limits the widespread adoption of high-efficiency electric motors.
Latin America Electric Motor Market Trends
Several prominent trends reshaping the Latin America Electric Motor Market Growth are:
- Smart Motor Technology Adoption: IoT-enabled electric motors are being adopted for predictive maintenance and performance analytics in industrial operations.
- Integration in E-Mobility: Electric vehicles fleet in Mexico and Brazil drives the demand for compact and high-performance AC motors.
- Expansion of Hermetic Motors in HVAC: The adoption of air conditioning systems is rising in urban households accelerates hermetic motor demand.
- Renewable Energy Alignment: Motors are integrated with solar pumping systems and wind farm equipment create niche demand opportunities.
- High-Speed Motor Deployment: Sectors such as aerospace and advanced industrial are increasing the investments in ultrahigh-speed electric motors for specialized use.
Investment Opportunities in the Latin America Electric Motor Industry
Some prominent investment opportunities in the market are:
- EV & Traction Motor Manufacturing – Rising EV in Latin America drives demand for localized production of traction motors to reduce import dependence and supply chain costs.
- Hub Motor Technologies for 2-/3-Wheelers – The demand of electric two- and three-wheelers is surging for urban mobility and delivery opens opportunities for lightweight, efficient hub motors.
- Motor + IoT / Smart Control Solutions – Embedding sensors, connectivity, and predictive maintenance in motors provides value addition and competitive differentiation in industrial and utility sectors.
- High-Efficiency / IE3+, IE4 Motor Upgrades – Many Latin American countries are pushing energy efficiency norms; upgrading legacy motors to premium efficiency offers a niche for advanced motor suppliers.
- Local Assembly & Component Localization – Import dependency for motor parts gives room for localized component manufacturing and motor assembly clusters.
Top 5 Leading Players in the Latin America Electric Motor Market
There are some leading players in the Latin America Electric Motor Industry which include:
1. WEG Industries
| Company Name | WEG Industries |
| Established Year | 1961 |
| Headquarters | Jaragua do Sul, Brazil |
| Official Website | Click Here |
This company is one of the leading Latin American electric motor manufacturers, providing AC and DC motors across industrial, automotive, and utility applications.
2. Siemens AG
| Company Name | Siemens AG |
| Established Year | 1847 |
| Headquarters | Munich, Germany |
| Official Website | Click Here |
This company offers a wide portfolio of electric motors, particularly AC and ultrahigh-speed motors, used in transportation and industrial machinery.
3. ABB Ltd.
| Company Name | ABB Ltd. |
| Established Year | 1988 |
| Headquarters | Zurich, Switzerland (Latin American hubs in Brazil & Chile) |
| Official Website | Click Here |
This company specializes in high-efficiency motors with IoT integration, supplying solutions for automation, EVs, and smart grid applications across Latin America.
4. Regal Rexnord Corporation
| Company Name | Regal Rexnord Corporation |
| Established Year | 1955 |
| Headquarters | Beloit, Wisconsin, USA (regional presence in Mexico & Brazil) |
| Official Website | Click Here |
This company provides motors for industrial machinery, HVAC, and appliances, with focus on low- to medium-speed motor segments in Latin America.
5. Toshiba Corporation
| Company Name | Toshiba Corporation |
| Established Year | 1875 |
| Headquarters | Tokyo, Japan (regional presence in Mexico) |
| Official Website | Click Here |
This company offers large-scale motors for power plants, railways, and aerospace, while also providing compact hermetic motors for appliances in Latin America.
Government Regulations Introduced in the Latin America Electric Motor Market
Latin American governments are affecting the Latin America Electric Motor Market to promote the adoption of energy-efficient motors by implementing standards such as Brazil’s National Energy Efficiency Program (PROCEL) and Mexico’s mandatory NOM standards for electrical appliances. Further, initiatives for EV promotion and renewable energy integration in Chile and Argentina are accelerating the demand for advanced electric motors.
Future Insights of the Latin America Electric Motor Market
The Latin America Electric Motor Market is predicted to gain momentum in the forthcoming years. This industry is supported by factors such as rising adoption of electric vehicles, renewable energy expansion, and industrial automation. Further, advancements are occurring technologically such as IoT-enabled motors, energy-efficient compact designs, and integration into smart infrastructure projects will further strengthen the growth.
Market Segmentation Analysis
Medium-Speed Motors to Dominate the Market- By Speed (RPM)
According to Parth, Senior Research Analyst, 6Wresearch, medium-speed motors are the most adopted by speed due to their versatility across industrial machinery, automotive, and HVAC systems. Low-speed motors (<1,000 RPM) are common in specialized equipment, high-speed motors are growing in aerospace and renewable energy projects.
Brazil to Dominate the Market- By Countries
In terms of countries, Brazil is expected to hold the Latin America Electric Motor Market Share due to its strong manufacturing base, high automotive production, and extensive industrialization. Mexico follows closely with rising EV adoption and proximity to U.S. OEM supply chains. Argentina is witnessing growth due to renewable energy projects.
AC Motors to Dominate the Market- By Motor Type
AC motors are projected to lead the market owing to their wide-scale applications in industrial machinery, HVAC systems, and transportation projects. DC motors are growing in niche applications such as electric tools and mobility devices, while hermetic motors are gaining traction in the household appliance segment.
Medium Power Motors to Dominate the Market- By Output Power
The medium output power motor segment is expected to dominate as they are widely used in industrial machinery and commercial HVAC systems. Low-power motors are growing due to demand from consumer appliances, whereas high-power motors find application in renewable and aerospace projects.
60 V & Above to Dominate the Market- By Voltage Range
60 V & Above category is set to lead the market owing to its extensive use in industrial equipment, transportation, and renewable applications. Mid-range voltage motors (21–60 V) are expanding in EVs and HVAC systems, while low-voltage motors (below 20 V) are common in household appliances.
Industrial Machinery to Dominate the Market- By Application
Industrial machinery is the most used application due to increasing automation and modernization of manufacturing plants across Brazil and Mexico. Motor vehicles follow strongly with rising EV, while HVAC equipment continues to see consistent demand in urban areas.
Key attractiveness of the report
- 10 Years Market Numbers.
- Historical Data Starting from 2021 to 2024.
- Base Year: 2024.
- Forecast Data until 2031.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Latin America Electric Motor Market Outlook
- Market Size of Latin America Electric Motor Market 2024
- Forecast of Latin America Electric Motor Market 2031
- Historical Data and Forecast of Latin America Electric Motor Revenues & Volume for the Period 2021 - 2031
- Latin America Electric Motor Market Trend Evolution
- Latin America Electric Motor Market Drivers and Challenges
- Latin America Electric Motor Price Trends
- Latin America Electric Motor Porter's Five Forces
- Latin America Electric Motor Industry Life Cycle
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Countries for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Brazil for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Mexico for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Argentina for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Rest of Latin America for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor Type for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Alternate Current AC Motor for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Direct Current DC Motor for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2021 - 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Application for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Heating ventilating and cooling HVAC for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Household appliances for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Other for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Speed for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Low-Speed Electric Motors for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By High-Speed Electric Motors for the Period 2021 – 2031
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors for the Period 2021 – 2031
- Latin America Electric Motor Import Export Trade Statistics
- Market Opportunity Assessment By Motor Type
- Market Opportunity Assessment By Voltage Range
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Speed
- Market Opportunity Assessment By Countries
- Latin America Electric Motor Top Companies Market Share
- Latin America Electric Motor Competitive Benchmarking By Technical and Operational Parameters
- Latin America Electric Motor Company Profiles
- Latin America Electric Motor Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Countries
- Brazil
- Mexico
- Argentina
- Rest of Latin America
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
- cooling HVAC equipment
- Aerospace & transportation
- Household appliances
- Other
By Speed RPM
- Low-Speed Electric Motors Less Than 1000 RPM
- Medium-Speed Electric Motors 1001-25000 RPM
- High-Speed Electric Motors 25001-75000 RPM
- Ultrahigh-Speed Electric Motors Greater Than 75001 RPM
Latin America Electric Motor Market (2025-2031): FAQs
Latin America Electric Motor Market was estimated at USD 9.7 billion in 2024 and projected to cross USD 19.5 billion by 2031.
Brazil dominates the market driven by strong industrial base, EV growth, and renewable energy projects.
AC motors hold the largest share due to wide use in industrial, automotive, and utility applications.
High import dependence, currency volatility, limited local manufacturing, and high energy tariffs.
6Wresearch actively monitors the Latin America Electric Motor Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latin America Electric Motor Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Latin America Electric Motor Market Overview |
| 3.1 Latin America Regional Macro Economic Indicators |
| 3.2 Latin America Electric Motor Market Revenues & Volume, 2021 & 2031F |
| 3.3 Latin America Electric Motor Market - Industry Life Cycle |
| 3.4 Latin America Electric Motor Market - Porter's Five Forces |
| 3.5 Latin America Electric Motor Market Revenues & Volume Share, By Countries, 2021 & 2031F |
| 3.6 Latin America Electric Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
| 3.7 Latin America Electric Motor Market Revenues & Volume Share, By Output Power, 2021 & 2031F |
| 3.8 Latin America Electric Motor Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
| 3.9 Latin America Electric Motor Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 3.10 Latin America Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2021 & 2031F |
| 4 Latin America Electric Motor Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Latin America Electric Motor Market Trends |
| 6 Latin America Electric Motor Market, 2021 - 2031F |
| 6.1 Latin America Electric Motor Market, Revenues & Volume, By Motor Type, 2021 - 2031F |
| 6.2 Latin America Electric Motor Market, Revenues & Volume, By Output Power, 2021 - 2031F |
| 6.3 Latin America Electric Motor Market, Revenues & Volume, By Voltage Range, 2021 - 2031F |
| 6.4 Latin America Electric Motor Market, Revenues & Volume, By Application, 2021 - 2031F |
| 6.5 Latin America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021 - 2031F |
| 7 Brazil Electric Motor Market, 2021 - 2031F |
| 7.1 Brazil Electric Motor Market, Revenues & Volume, By Motor Type, 2021 - 2031F |
| 7.2 Brazil Electric Motor Market, Revenues & Volume, By Output Power, 2021 - 2031F |
| 7.3 Brazil Electric Motor Market, Revenues & Volume, By Voltage Range, 2021 - 2031F |
| 7.4 Brazil Electric Motor Market, Revenues & Volume, By Application, 2021 - 2031F |
| 7.5 Brazil Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021 - 2031F |
| 8 Mexico Electric Motor Market, 2021 - 2031F |
| 8.1 Mexico Electric Motor Market, Revenues & Volume, By Motor Type, 2021 - 2031F |
| 8.2 Mexico Electric Motor Market, Revenues & Volume, By Output Power, 2021 - 2031F |
| 8.3 Mexico Electric Motor Market, Revenues & Volume, By Voltage Range, 2021 - 2031F |
| 8.4 Mexico Electric Motor Market, Revenues & Volume, By Application, 2021 - 2031F |
| 8.5 Mexico Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021 - 2031F |
| 9 Argentina Electric Motor Market, 2021 - 2031F |
| 9.1 Argentina Electric Motor Market, Revenues & Volume, By Motor Type, 2021 - 2031F |
| 9.2 Argentina Electric Motor Market, Revenues & Volume, By Output Power, 2021 - 2031F |
| 9.3 Argentina Electric Motor Market, Revenues & Volume, By Voltage Range, 2021 - 2031F |
| 9.4 Argentina Electric Motor Market, Revenues & Volume, By Application, 2021 - 2031F |
| 9.5 Argentina Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021 - 2031F |
| 10 Rest of Latin America Electric Motor Market, 2021 - 2031F |
| 10.1 Rest of Latin America Electric Motor Market, Revenues & Volume, By Motor Type, 2021 - 2031F |
| 10.2 Rest of Latin America Electric Motor Market, Revenues & Volume, By Output Power, 2021 - 2031F |
| 10.3 Rest of Latin America Electric Motor Market, Revenues & Volume, By Voltage Range, 2021 - 2031F |
| 10.4 Rest of Latin America Electric Motor Market, Revenues & Volume, By Application, 2021 - 2031F |
| 10.5 Rest of Latin America Electric Motor Market, Revenues & Volume, By Speed (RPM), 2021 - 2031F |
| 11 Latin America Electric Motor Market Key Performance Indicators |
| 12 Latin America Electric Motor Market - Opportunity Assessment |
| 12.1 Latin America Electric Motor Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 12.2 Latin America Electric Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
| 12.3 Latin America Electric Motor Market Opportunity Assessment, By Output Power, 2021 & 2031F |
| 12.4 Latin America Electric Motor Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
| 12.5 Latin America Electric Motor Market Opportunity Assessment, By Application, 2021 & 2031F |
| 12.6 Latin America Electric Motor Market Opportunity Assessment, By Speed (RPM), 2021 & 2031F |
| 13 Latin America Electric Motor Market - Competitive Landscape |
| 13.1 Latin America Electric Motor Market Revenue Share, By Companies, 2024 |
| 13.2 Latin America Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14 Company Profiles |
| 15 Recommendations |
| 16 Disclaimer |
Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), 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, 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)) And Competitive Landscape
| Product Code: ETC058935 | Publication Date: May 2021 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Electric Motor Market is projected to grow over the coming years. Latin America Electric Motor Market is a part of our various regional publications globally. 6W tracks Electric Motor Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Electric Motor Market outlook report annually.
Latin America Electric Motor Market report thoroughly covers market by motor type, speed, voltage, application and Countries. The market report provides an unbiased and detailed analysis of the on-going 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.
Latin America Electric Motor Market Synopsis
Latin America Electric Motor Market is expected to gain momentum during the upcoming period on account of increasing industrialization. Growing urbanization coupled with rising per capita income is driving the need for green vehicle further leading to the development of the market. Moreover, rising penetration towards environment concern beholds the shift towards electric vehicle further leading to the development of electric motor market. Rising global warming and carbon emission is further contributing to the growth of the market.
According to 6Wresearch, Latin America Electric Motor Market size is projected to register growth during 2021-2027. High efficiency and low operational cost is driving the growth of the electric motor market. The market is also riven by the development of agriculture, industrial and commercial sector. Growing industrial sector drives the demand for heavy machinery further beholds the development of the market. Government initiatives in order to reduce the consumption of fossil fuel and promote the electric vehicle further led to the development of the market. However, the global emergency od COVID-19 led to the negative growth of the market. Nationwide lockdown led to the disruption in supply chain. However, the market is expected to re-gain its growth during the upcoming years.
Market Analysis by Speed
On the basis of speed, high-speed segment is anticipated to dominate the market throughout the forecast period on account of rising preference
Market Analysis by Geography
Based on Geography, Columbia is the fastest growing in the Latin America on account of increasing government initiatives to promote electric vehicle.
Other Related Reports:
| Asia Pacific Electric Motor Market | Global Electric Motor Market |
| Middle East Electric Motor Market | Europe Electric Motor Market |
| North America Electric Motor Market | Africa Electric Motor Market |
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Latin America Electric Motor Market Outlook
- Market Size of Latin America Electric Motor Market, 2020
- Forecast of Latin America Electric Motor Market, 2027
- Historical Data and Forecast of Latin America Electric Motor Revenues & Volume for the Period 2017 - 2027
- Latin America Electric Motor Market Trend Evolution
- Latin America Electric Motor Market Drivers and Challenges
- Latin America Electric Motor Price Trends
- Latin America Electric Motor Porter's Five Forces
- Latin America Electric Motor Industry Life Cycle
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor Type for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor Type for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Motor Type for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Motor Type for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Motor Type for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Output Power for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Output Power for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Output Power for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Output Power for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Output Power for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Voltage Range for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 10-20 V for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 21-60 V for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Voltage Range for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By 10-20 V for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By 21-60 V for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Voltage Range for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By 10-20 V for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By 21-60 V for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Household appliances for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Other for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Household appliances for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Other for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Household appliances for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Other for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Household appliances for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Other for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Household appliances for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Other for the Period 2017 - 2027
- Historical Data and Forecast of Latin America Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2017 - 2027
- 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 2017 - 2027
- 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 2017 - 2027
- 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 2017 - 2027
- 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 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Brazil Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Mexico Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Argentina Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2017 - 2027
- Historical Data and Forecast of Rest of Latin America Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2017 - 2027
- Latin America Electric Motor Market - Key Performance Indicators
- Latin America Electric Motor Market - Import Export Trade Statistics
- Latin America Electric Motor Market - Opportunity Assessment By Countries
- Latin America Electric Motor Market - Opportunity Assessment By Motor Type
- Latin America Electric Motor Market - Opportunity Assessment By Output Power
- Latin America Electric Motor Market - Opportunity Assessment By Voltage Range
- Latin America Electric Motor Market - Opportunity Assessment By Application
- Latin America Electric Motor Market - Opportunity Assessment By Speed (RPM)
- Latin America Electric Motor Market - Top Companies Market Share
- Latin America Electric Motor Market - Top Companies Profiles
- Latin America Electric Motor Market - Comparison of Players in Technical and Operating Parameters
- Latin America Electric Motor Market - Strategic Recommendations
Market Segmentation:
The report provides a detailed analysis of the following market segments:
- 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 Countries:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Pricing
- Single User License$ 4,560
- Department License$ 5,055
- Site License$ 5,595
- Global License$ 6,000
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