Electric Motors Market (2025-2032)
The Electric Motors Market is expected to reach $254.1 billion by 2032, at a CAGR of 7.1% from 2025 to 2032.
- Published
- Sep 2024
- Pages
- 250
- Format
- PDF + Excel
- Report ID
- MRSE - 1041132
- Base year
- 2024
- 2032 · FORECAST
- $254.1B
- 2032
- $254.1B
- CAGR 2025–2032
- 7.1%
2024 baseline · 2025–2032 forecast at 7.1% CAGR · hover a bar for the value
Key highlights
By Type: In 2025, the AC Motors Segment to Dominate the Electric Motors Market
By Power Output: In 2025, the Fractional Horsepower Motors Segment to Dominate the Electric Motors Market
By End User: In 2025, the Industrial Segment to Dominate the Electric Motors Market
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 250 |
| Format | |
| Forecast Period | 2025–2032 |
| Base Year | 2024 |
| CAGR (Value) | 7.1% |
| Market Size (Value) | USD 254.1 Billion by 2032 |
| Segments Covered | By Type · AC Motors · Synchronous Motors · Induction Motors · Universal Motors · Other AC Motors · DC Motors · Brushed DC Motors · Brushless DC Motors · Stepper Motors · Other DC Motors · By Power Output · Fractional Horsepower Motors (Upto 1 HP) · Integral Horsepower Motors (1 HP to 400 HP) · Large Horsepower Motors (More than 400 HP) · By End User · Industrial · Conveyors and Material Handling · Pumps and Fans · Machine Tools and Robotics · HVAC Systems · Other Applications · Commercial · Residential · Consumer Electronics · Kitchen Appliances · Other Applications · Transportation · Automobiles · Railways · Marine · Other Applications · Agriculture · Irrigation Equipment · Agriculture Machinery · Livestock Management · Food Processing and Storage · Other Applications · Other End Users |
| Countries Covered | Europe (Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia- Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa) |
| Key Companies | ABB Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Allied Motion Technologies, Inc. (U.S.), AMETEK Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Nidec Motor Corporation (Japan), Franklin Electric Co., Inc. (U.S.), Regal Rexnord Corporation (U.S.), Arc Systems Inc. (U.S.), Denso Corporation (Japan), Emerson Electric Co. (U.S.), Nidec Corporation (Japan), and Oriental Motor USA Corp (Germany) |
Report overview
Segments covered: type, power output, end user. Regions: Europe, Asia-Pacific, North America, Latin America, Middle East & Africa.
The growth of the electric motors market is driven by the increase in demand for energy-efficient electric motors, growing demand for electric motors in manufacturing industries, increased sales of consumer electronics and appliances in developing countries, and increasing demand for HVAC systems. Furthermore, the advancements in motor technology and the progressive significance of electric motors in robotics & automation are expected to offer significant growth opportunities for players operating in the electric motors market.
Report infographic
Market dynamics
9 factors across 3 forcesIncrease in Demand for Energy-efficient Electric Motors
Increasing Demand for HVAC Systems
Table of contents
11 chapters · 139 sections · 250 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Type | AC Motors | DC motors |
| By Power Output | Fractional Horsepower Motors | Same |
| By End User | Industrial | Same |
By Type
- The AC Motors Segment to Dominate the Electric Motors Market
- The AC motors segment is expected to account for the larger share of ~66% of the global electric motors market.
- The growth of this segment is attributed to the increasing adoption of automation in industries such as manufacturing, automotive, and robotics, which has led to a higher demand for AC motors.
- These motors are vital components in automated systems, powering conveyor belts, pumps, fans, and other machinery.
- The growing demand for heating, ventilation, and air conditioning (HVAC) systems in residential, commercial, and industrial buildings is driving the demand for AC motors.
- These motors are commonly used in HVAC applications due to their ability to provide precise control over airflow and temperature.
- Also, ongoing advancements in motor design, materials, and control systems have improved the efficiency, reliability, and performance of AC motors.
- These advancements include the development of higher-efficiency motor designs, improved insulation materials, and advanced control algorithms.
- However, the DC motors segment is projected to register the highest CAGR of ~9% during the forecast period.
- The DC motors market is segmented into brushed DC motors, brushless DC motors, stepper motors, and other DC motors.
- These motors possess remarkable starting torque capability and exhibit excellent speed regulation.
- They find extensive application in industrial machinery, equipment, and electronic toys requiring variable speed control.
- With a heightened awareness of energy consumption among industries and consumers, the superior efficiency of brushless DC motors renders them an appealing alternative to conventional brushed DC motors.
- Brushless DC motors, known for their low maintenance costs, are increasingly preferred, thereby driving higher revenue within the DC motor segment.
- Furthermore, the escalating demand for feature-rich consumer electronics such as drones, power tools, and high-end appliances is propelling the market for compact yet potent DC motors.
- In October 2024, Toshiba Electronic Devices & Storage Corporation (Japan) launched two products of 600V small intelligent power devices (IPDs) for brushless DC motor drive applications, such as air conditioners, air cleaners, and pumps.
- In April 2022, AMETEK Haydon Kerk Pittman (HKP), a business unit of AMETEK, announced a new size in its IDEA Motor series of brushless DC motors: 57mm.
- This EC057B joins the 42mm EC042B product and enhances an already popular line of motors with integrated, programmable drives.
- The IDEA Motor combines a precision brushless servo motor with an IDEA Drive controller to reduce design time, wiring needs, and overall cabinet space, which in turn leads to lower system costs.
- The programmable drive is specifically designed for real-time, embedded motion control and is well-suited for autonomous and precise single-axis motion.
By Power Output
- The fractional horsepower motors segment is expected to account for the largest share of ~85% of the global electric motors market.
- The growth of this segment is attributed to the rise of automation and industrial applications, as various industrial processes rely on small motors for tasks like powering fans, pumps, and conveyor belts.
- With the rise of automation across various industries, the need for integral horsepower motors is also on the ascent.
- HVAC systems in residential, commercial, and industrial buildings rely on low-power motors to facilitate functions such as fan operation.
- The growing requirement for efficient climate control is anticipated to drive the market for 1HP motors.
- Although electric vehicles primarily employ higher-powered motors for propulsion, there remains a demand for 1HP motors to power auxiliary functions like windows, seats, and ventilation systems.
- These factors are poised to fuel the market's growth throughout the forecast period.
- In August 2022, ABB (Switzerland) entered into an agreement to purchase Siemens’ low-voltage NEMA motor business.
- With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team.
- Additionally, the same segment is projected to register the highest CAGR during the forecast period.
By End User
- The Industrial Segment to Dominate the Electric Motors Market
- The industrial segment is expected to account for the largest share of ~32% of the global electric motors market.
- Electric motors offer precise speed and torque control, making them ideal for variable-speed applications and automated processes.
- This level of control allows for the optimization of industrial tasks and improved product quality.
- Electric motors provide precise control over speed and torque, making them well-suited for variable-speed applications and automated processes.
- This level of control enables the optimization of industrial tasks and enhances product quality.
- Compared to internal combustion engines, electric motors typically have fewer moving parts, resulting in higher reliability and reduced maintenance downtime.
- They are widely used in industrial equipment due to their suitability for operation in heavy industrial environments.
- Additionally, electric motors offer advantages such as high starting torque and stability in the face of electric current fluctuations.
- Various companies are launching initiatives to further develop the market for electric motors.
- For instance, in October 2022, Robert Bosch GmbH (Germany) announced the launch of production of electric motors at its Charleston, S.C. manufacturing facility.
- In July 2022, WEG S.A.
- (Brazil) launched W12, a light and versatile motor for industrial applications.
- The new W12 electric motor from WEG is designed for use in higher-performance industrial applications, offering versatility and efficiency.
- Additionally, the same segment is projected to register the highest CAGR during the forecast period.
Geographic analysis
Asia-Pacific
Largest shareIn 2025, Asia-Pacific is expected to account for the largest share of ~47% of the global electric motors market. The large share of the Asia-Pacific market is attributed to the advancements in the agriculture sector and enormous investments in industrialization in countries including China, India, South Korea, and Australia. Further, the increasing production and sales of electric vehicles in countries including China and Japan, as well as the presence of established OEMs such as Honda Motor Co., Ltd. (Japan), Hyundai Motor Company (South Korea), Toyota Industries Corporation (Japan), and Nissan Motor Corporation (Japan) are estimated to boost the growth prospects of the market in this region. The Asia-Pacific region, particularly China and India, is witnessing a surge in EV adoption. Moreover, various key players in this market have launched various initiatives in the development of electric motors. For instance, in July 2024, General Electric Vernova’ Solar & Storage Solutions (U.S.) partnered with Fortune Electric (Taiwan) to develop Battery Energy Storage Solutions (BESS) in Taiwan. The purpose is to use electric motors in the storage system to keep control of the energy flow, manage the charging and discharging of batteries, and ensure smooth integration of the stored energy. In August 2022, Sona BLW Precision Forgings Ltd (India) crossed the milestone of producing 100,000 EV traction motors in its Chennai Plant in India. As more consumers and businesses adopt EVs, the EV traction motors market is expected to grow significantly in the coming years. Additionally, the same region is projected to register the highest CAGR of ~8.5% during the forecast period.
Competitive landscape
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the ABB Ltd. (Switzerland), Schneider Electric SE (France), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Allied Motion Technologies, Inc. (U.S.), AMETEK Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Nidec Motor Corporation (Japan), Franklin Electric Co., Inc. (U.S.), Regal Rexnord Corporation (U.S.), Arc Systems Inc. (U.S.), Denso Corporation (Japan), Emerson Electric Co. (U.S.), Nidec Corporation (Japan), and Oriental Motor USA Corp (Germany).
- August 2024
WEG (Brazil) invested USD 40 million to produce electric motors, electrical panels, and industrial powder coatings.
- June 2024
Equipmake Holdings PLC (U.S.) partnered with H55 SA (Switzerland), an electric aerospace propulsion company, to support H55 Electric Propulsion System (EPS) development with Equipmake, supplying its lightweight, power-dense, high-performance, state-of-the-art electric motors for use in electric aircraft.
- August 2022
Johnson Electric Holdings Limited (Hong Kong) launched a steering wheel adjuster motor, enabling drivers to get access to a comfortable driving posture.
- August 2022
Siemens (Germany) collaborated with MAHLE (Germany) to develop an inductive charging system for electric vehicles that includes electric motor components. This collaboration also included the implementation of standardized efforts for ensuring interoperability between the charging infrastructure, and electric vehicles.
- ABB Ltd. · Switzerland
- Schneider Electric SE · France
- Siemens AG · Germany
- Rockwell Automation Inc. (U.S.)
- Allied Motion Technologies, Inc. (U.S.)
- AMETEK Inc. (U.S.)
- Johnson Electric Holdings Limited · Hong Kong
- Nidec Motor Corporation · Japan
- Franklin Electric Co., Inc. (U.S.)
- Regal Rexnord Corporation (U.S.)
- Arc Systems Inc. (U.S.)
- Denso Corporation · Japan
- Emerson Electric Co. (U.S.)
- Nidec Corporation · Japan
- Oriental Motor USA Corp · Germany
Frequently asked questions
The Electric Motors Market covers production, sales, and use of electric motors across sectors like industrial, commercial, transportation, focusing on energy efficiency, automation, HVAC, and EVs.
Cite this report
Meticulous Research. (2024). Electric Motors Market - Global Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MRSE - 1041132). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/electric-motors-market-5815