Mordor Intelligence has published a new report on the Electric Motor Market, offering a comprehensive analysis of trends, growth drivers, and future projections
The electric motor market is projected to grow from USD 146.50 billion in 2025 to USD 205.18 billion by 2030, with a CAGR of 6.97% during the forecast period (2025-2030).
The industry is undergoing a major transformation driven by technological advancements and industrial progress. The rise of advanced motor technologies, especially axial flux motors, is reshaping the sector by offering higher power density and improved integration across various applications. These innovations enable manufacturers to develop more efficient and compact motor designs, enhancing performance in areas such as industrial machinery and electric vehicles.
Key Trends Driving the Market
1. Increasing Demand for Energy-Efficient Solutions
One of the major trends shaping the electric motor market is the growing emphasis on energy efficiency. Governments worldwide are implementing stringent regulations to reduce energy consumption, prompting industries to adopt high-efficiency electric motors. Innovations in motor technology, such as brushless DC motors and synchronous reluctance motors, are helping businesses achieve better performance with lower energy usage.
2. Rising Adoption of Electric Vehicles (EVs)
The surge in electric vehicle production has created a significant demand for electric motors. Leading automotive manufacturers are investing heavily in electric drivetrains, with motors being a critical component. With supportive government policies and increasing consumer preference for eco-friendly transportation, the demand for electric motors in EVs is expected to soar.
3. Expansion of Industrial Automation and Robotics
The integration of automation in industries such as manufacturing, logistics, and healthcare has increased the reliance on electric motors. Industrial robots and automated machinery require precise and efficient motorized components, fueling demand for advanced motor technologies.
4. Growth in Renewable Energy Applications
Electric motors play a crucial role in renewable energy systems, including wind and solar power. The expansion of clean energy projects and investments in grid modernization are expected to drive market growth further.
Market Segmentation
The electric motor market is segmented based on type, power output, application, and geography.
By Type:
- AC Motors (Induction Motors, Synchronous Motors)
- DC Motors (Brushed DC Motors, Brushless DC Motors)
- Stepper and Servo Motors
By Power Output:
- Fractional Horsepower (FHP) Motors
- Integral Horsepower (IHP) Motors
By Application:
- Automotive (Electric Vehicles, Hybrid Vehicles)
- Industrial Machinery
- HVAC Systems
- Household Appliances
- Aerospace and Defense
- Renewable Energy Systems
By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Key Players in the Market
The electric motor market is highly competitive, with key players focusing on innovation, strategic partnerships, and mergers & acquisitions to strengthen their market presence. Some of the leading companies include:
- Siemens AG
- ABB Ltd.
- Nidec Corporation
- Toshiba Corporation
- Regal Rexnord Corporation
- WEG S.A.
- Robert Bosch GmbH
These companies are investing in research and development to enhance motor efficiency, reduce operational costs, and expand their global footprint. Partnerships with automotive and industrial firms have further accelerated their market growth.
Industry Related Reports:
Electric Traction Motor Market: The global electric traction motor control system market is categorized based on type (Alternating Current and Direct Current), power rating (Below 200kW, 200-400kW, and Above 400kW), application (Railway, Electric Vehicle, Industrial Machinery, and Others), and geography (North America, Asia-Pacific, Europe, South America, and the Middle East & Africa).
Brushed DC Motor Market: The market is divided based on voltage (Less Than 75 kV, Between 75 kV – 375 kV, and Higher Than 375 kV), application (Residential, Commercial, Industrial, and Automotive), and geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa).
Inverter Duty Motor Market: The market is categorized by application (Conveyors, Pumps, Fans, and Others), end-user (Oil & Gas, Chemicals, Metal & Mining, Food & Beverage, and Others), construction material (Laminated Steel, Cast Iron, and Aluminum), and geography (North America, Asia-Pacific, Europe, South America, and the Middle East & Africa).
Conclusion
The electric motor market is poised for substantial expansion, driven by technological advancements, energy efficiency initiatives, and the rising adoption of electric vehicles. With growing applications in renewable energy, automation, and transportation, the demand for innovative electric motors will continue to surge. Industry players must focus on sustainable solutions, digital integration, and strategic collaborations to capitalize on the evolving market dynamics. As the shift towards electrification gains momentum, the electric motor industry is set to play a pivotal role in shaping the future of energy-efficient and automated solutions.
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