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Global Electric Motors Market By Output Power (Integral Horsepower (IHP) Output, Fractional Horsepower (FHP) Output ) By Application (Automobile, HVAC, Medical equipment, Industrial machinery, Household appliances, Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

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Published: | Report ID: 5118 | Report Format : PDF

Key Highlights of the Report

How are the major segments performing in the Electric Motors market?

  • In 2022, the Alternate Current (AC) Motor segment held the largest share of the market as uses for AC motors are numerous, ranging from robots of the present to irrigation pumps.
  • In 2022, the Integral Horsepower (IHP) Output segment was expected to hold a prominent share in the global Electric Motors market due to its various applications in all home appliances, including refrigerators, coffee makers, and vacuum cleaners.
  • In 2022, the Automobile segment accounted for the largest market share because the car sector is using electric motors more and more.

What is the Market Size of Electric Motors regarding value?

The global Electric Motors market is anticipated to grow at a substantial CAGR of 7.20% in the upcoming years. The global Electric Motors industry was estimated to be worth USD 132.1 billion in 2022 and was expected to be worth USD 214.91 billion by 2030.

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Which region dominated the Electric Motors market?

In 2022, Asia Pacific held the greatest revenue share and led the electric motor industry. This is due to agricultural sector improvements and significant industrial investments made by nations like China, India, South Korea, and Australia. Additional factors anticipated to improve the market’s growth prospects in this area include the rising production and sales of electric vehicles in nations like China and Japan and the presence of well-established OEMs.

How US Market is Performing in the Electric Motors Market?

In 2022, the U.S. was anticipated to hold a prominent share in the North American Electric Motors market. The increased interest in achieving renewable energy goals and the rising demand for electric vehicles will significantly impact the market’s expansion in the United States. Additionally, the region’s market demand will benefit from the increased attention paid to using electric motors for industrial activities.

How is the economy impacting the global Electric Motors growth?

Every industry has been negatively impacted by the worldwide health catastrophe brought on by the unexpected spread of the new coronavirus, also known as COVID-19. Due to the adoption of severe measures like nationwide lockdowns to limit the virus’s spread, industries must lose substantial operational time. As a result, the demand for electric motors has changed due to the illness outbreak. The lack of personnel and travel restrictions have halted production activities and brought the market to a standstill. The huge market contains numerous players with broad sales networks dispersed over different nations.

What is the competitive environment of the Electric Motors market?

ABB and GE, who offer a wide range of products for various end-user groups, have a strong hold on the market. These businesses are outfitted with the goods needed for various purposes. For instance, in June 2021, Mabuchi Motors disclosed plans to complete the 100% acquisition of Electromag SA for a total investment of around CHF 0.1 million or USD 0.11 million. By adding additional brushless motors used in healthcare facilities like ventilators and dental care, the acquisition intends to expand Mabuchi’s product line. Johnson Electric introduced a new line of Low Voltage DC (LVDC) motors in February 2021, including a small size, a high power density, a low operating noise level, and high torque. The new materials are specially made to give Smart Furniture, such as hospital beds, stylish recliners, height-adjustable desks, and other consumer goods, a 17% longer lifespan.

Executive Summary

What are the key trends in the Electric Motors market?

  • To broaden and enhance its position worldwide, electrical motors are utilized as a power source for various applications in transportation, power, and other industries.
  • There are opportunities to use electrical motors due to the rising urbanization, which directly causes a high demand for various services. Electrical motors are increasingly used in building projects since they are necessary for many.

How is the Growing Demand for HVAC Systems Affecting the Electric Motors Market?

The demand for heating and cooling in commercial, residential, and industrial areas has expanded the heating and air-conditioning (HVAC) business. This has caused the new construction activities to consider the HVAC equipment supply in the buildings as a crucial element while they are being built. Additionally, it has, in the end, increased demand for electric motors. Due to the growth of commercial areas and improving living standards, developing economies account for most of the HVAC industry’s growth.

Which are the key investments by the Electric Motors market players?

Manufacturers are investing in product advancements due to the fierce rivalry to meet client needs better. The businesses are working diligently to create high-quality, high-value items at the lowest possible cost to acquire a competitive edge in the price-sensitive market. Volkswagen unveiled a new plan to build an EV manufacturing facility in Wolfsburg, Germany, in March 2022. The corporation decided to invest in the factory with a budget of EUR 2 billion set aside for the undertaking. The facility will begin construction in 2023, with a 2026 completion date anticipated.

Some major players in the Electric Motors market are ABB, ARC Systems Inc., DENSO CORPORATION, Emerson Electric Co., Johnson Electric Holdings Limited, Maxon, NIDEC CORPORATION, Regal Rexnord Corporation, Rockwell Automation Inc., and Siemens.

What are the Major Driving Factors for the Electric Motors Market?

Consumers’ growing awareness of green vehicles has significantly influenced the market. Additionally, the market is anticipated to benefit from the growing number of government incentives to promote the purchase of green vehicles to protect the environment from carbon emissions. Over the past few years, numerous technological breakthroughs have affected electric motors, which has increased demand. Better insulating materials have also increased operational effectiveness and product life, driving the market. The market is anticipated to rise significantly over the forecast period due to increased automotive production.

What are the Major Risks for the Electric Motors Market?

The key factor that can restrict the growth of the significant market is the high maintenance cost of the motor. The expensive operation may in some cases prevent customers from adopting it. For instance, the operation’s hourly cost increases significantly when a high horsepower motor is used with a low load factor. One type of motor that lacks a self-starting torque is the induction motor. In addition, auxiliaries could also be necessary to start single-phase motors. As a result, these factors could hinder the market’s growth.

Which is the key application in the Electric Motors market?

The automotive category is expected to hold a major share of the global electric motors market during the forecast period. This high percentage can be attributed to the car industry’s growing use of electric motors. Over 40 electric motors, ranging in power from low to high, are typical for commercial vehicles. The market for permanent magnetic materials is also driven by the development of low-cost, highly efficient electronics in conjunction with advancements in the automobile sector. Demand for electric vehicles is rapidly rising in industrialized and developing economies, including Germany, the U.S., China, and Japan, due to rising fuel costs and pollution. As a result, the market is primarily driven by the electric car industry’s rising need for electric motors.

How is the Electric Motors market performing in regions?

Rising demand for the product is seen in Europe and North America, which are expected to develop at the fastest CAGR. The market for high-efficiency motors in electric vehicles, industrial applications, and HVAC systems is primarily concentrated in these areas. Due to increased government support, there will soon be more prospects for market growth in Latin America, the Middle East, and Africa. The market in these areas is gaining from the expanding need for motors from the oil and gas sector, the brisk growth of the mining sector, and the substantial demand for cement across the construction sector.

What is the regulatory landscape for the Electric Motors market?

The following guidelines for induction motors are outlined in the current regulations on electric motor efficiency. Electric motors with a single speed, three phases, and a frequency of 50 Hz are among the motors mentioned. The following electric motors must satisfy IE3 or IE2 requirements when driven by an inverter. These sizes range from 0.75 kW to 375 KW in 2-pole, four-pole, and six-pole configurations. Only ATEX braked and submersible electric motors are exempt from this rule.

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What are the major players planning for the future of the Electric Motors market?

Increasing electricity prices and strict electricity consumption guidelines are the main factors driving the demand for energy-efficient motors. Manufacturers are further required to create efficient items by strict manufacturing and designing requirements to increase efficiency. The market is slowly turning in favor of using effective motorized devices. Additionally, it is anticipated that increasing consumer awareness of electric type will increase demand because of consumers’ increased response to environmental concerns and the greenhouse effect. Over the coming years, demand for the product will increase due to the demand for devices with reduced power usage and more efficiency.

REPORT ATTRIBUTE DETAILS
Electric Motors Market by Volume Yes
Electric Motors Market by Value Yes
Electric Motors Market, Tornado Analysis Yes
Electric Motors Market, STAR Analysis Yes
Electric Motors Market, SRC Analysis Yes
Electric Motors Market Pricing Analysis Yes (On Demand)
Electric Motors Market Segment Analysis By Motor Type (Alternate Current (AC) Motor and Direct Current (DC) Motor)

By Output Power (Integral Horsepower (IHP) Output and Fractional Horsepower (FHP) Output)

By Application (Automobile, HVAC, Medical equipment, Industrial machinery, Household appliances, and Others)

 

Electric Motors Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Electric Motors Market Key Companies ABB, ARC Systems Inc., DENSO CORPORATION, Emerson Electric Co., Johnson Electric Holdings Limited, Maxon, NIDEC CORPORATION, Regal Rexnord Corporation, Rockwell Automation Inc., and Siemens
Electric Motors Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Electric Motors Market-

Global Electric Motors Market – By Motor Type

  • Alternate Current (AC) Motor
  • Direct Current (DC) Motor

Global Electric Motors Market – By Output Power

  • Integral Horsepower (IHP) Output
  • Fractional Horsepower (FHP) Output

Global Electric Motors Market – By Application

  • Automobile
  • HVAC
  • Medical equipment
  • Industrial machinery
  • Household appliances
  • Others

Global Electric Motors Market – By Region

  • North America
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Electric Motors Market
2.2. Global Electric Motors Market, By Motor Type
2.3. Global Electric Motors Market, By Output Power
2.4. Global Electric Motors Market, By Application
2.5. Global Electric Motors Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Electric Motors Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Output Power
3.5.3. Application
3.5.4. Geography
4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Motor Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Electric Motors Market
7.1. Global Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
7.1.1. Overview
7.1.2. Global Electric Motors Market, By Motor Type, 2022 vs 2030 (in%)
7.1.3. Global Electric Motors Market, By Alternate Current (AC) Motor, 2017-2030 (US$ Bn)
7.1.4. Global Electric Motors Market, By Integral Horsepower (IHP) Output Current (DC) Motor, 2017-2030 (US$ Bn)
7.2. Global Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
7.2.1. Overview
7.2.2. Global Electric Motors Market, By Output Power, 2022 vs 2030 (in%)
7.2.3. Global Electric Motors Market, By Integral Horsepower (IHP) Output, 2017-2030 (US$ Bn)
7.2.4. Global Electric Motors Market, By Fractional Horsepower (FHP) Output, 2017-2030 (US$ Bn)
7.3. Global Electric Motors Market, by Application, 2017-2030 (US$ Bn)
7.3.1. Overview
7.3.2. Global Electric Motors Market, By Application, 2022 vs 2030 (in%)
7.3.3. Global Electric Motors Market, By Automobile, 2017-2030 (US$ Bn)
7.3.4. Global Electric Motors Market, By HVAC, 2017-2030 (US$ Bn)
7.3.5. Global Electric Motors Market, By Medical Equipment, 2017-2030 (US$ Bn)
7.3.6. Global Electric Motors Market, By Industrial Machinery, 2017-2030 (US$ Bn)
7.3.7. Global Electric Motors Market, By Household Appliances, 2017-2030 (US$ Bn)
7.3.8. Global Electric Motors Market, By Others, 2017-2030 (US$ Bn)

8. North America Electric Motors Market Analysis
8.1. North America Electric Motors Market, by Motor Type, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Electric Motors Market, by Output Power, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Electric Motors Market, by Application, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Electric Motors Market, by Country, 2017-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.1.2. U.S. Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
8.4.1.3. U.S. Electric Motors, By Output Power, 2017-2030 (US$ Bn)
8.4.1.4. U.S. Electric Motors, By Application, 2017-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.2.2. Canada Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
8.4.2.3. Canada Electric Motors, By Output Power, 2017-2030 (US$ Bn)
8.4.2.4. Canada Electric Motors, By Application, 2017-2030 (US$ Bn)

9. Europe Electric Motors Market Analysis
9.1. Europe Electric Motors Market, by Motor Type, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Electric Motors Market, by Output Power, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Electric Motors Market, by Application, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Electric Motors Market, by Country, 2017-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.1.2. Germany Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.1.3. Germany Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.1.4. Germany Electric Motors, By Application, 2017-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.2.2. France Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.2.3. France Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.2.4. France Electric Motors, By Application, 2017-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.3.2. UK Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.3.3. UK Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.3.4. UK Electric Motors, By Application, 2017-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.4.2. Italy Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.4.3. Italy Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.4.4. Italy Electric Motors, By Application, 2017-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.5.2. Spain Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.5.3. Spain Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.5.4. Spain Electric Motors, By Application, 2017-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.6.2. Rest of Europe Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
9.4.6.3. Rest of Europe Electric Motors, By Output Power, 2017-2030 (US$ Bn)
9.4.6.4. Rest of Europe Electric Motors, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Electric Motors Market Analysis
10.1. Asia Pacific Electric Motors Market, by Motor Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Electric Motors Market, by Output Power, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Electric Motors Market, by Application, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Electric Motors Market, by Country, 2017-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.1.2. China Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.1.3. China Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.1.4. China Electric Motors, By Application, 2017-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.2.2. Japan Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.2.3. Japan Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.2.4. Japan Electric Motors, By Application, 2017-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.3.2. India Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.3.3. India Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.3.4. India Electric Motors, By Application, 2017-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.4.2. South Korea Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.4.3. South Korea Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.4.4. South Korea Electric Motors, By Application, 2017-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.5.2. South-East Asia Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.5.3. South-East Asia Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.5.4. South-East Asia Electric Motors, By Application, 2017-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Electric Motors, By Output Power, 2017-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Electric Motors, By Application, 2017-2030 (US$ Bn)

11. Latin America Electric Motors Market Analysis
11.1. Latin America Electric Motors Market, by Motor Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Electric Motors Market, by Output Power, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Electric Motors Market, by Application, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Electric Motors Market, by Country, 2017-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.1.2. Brazil Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
11.4.1.3. Brazil Electric Motors, By Output Power, 2017-2030 (US$ Bn)
11.4.1.4. Brazil Electric Motors, By Application, 2017-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.2.2. Mexico Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
11.4.2.3. Mexico Electric Motors, By Output Power, 2017-2030 (US$ Bn)
11.4.2.4. Mexico Electric Motors, By Application, 2017-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Electric Motors, By Output Power, 2017-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Electric Motors, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Electric Motors Market Analysis
12.1. Middle East and Africa Electric Motors Market, by Motor Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Electric Motors Market, by Output Power, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Electric Motors Market, by Application, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Electric Motors Market, by Country, 2017-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.1.2. GCC Countries Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
12.4.1.3. GCC Countries Electric Motors, By Output Power, 2017-2030 (US$ Bn)
12.4.1.4. GCC Countries Electric Motors, By Application, 2017-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.2.2. South Africa Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
12.4.2.3. South Africa Electric Motors, By Output Power, 2017-2030 (US$ Bn)
12.4.2.4. South Africa Electric Motors, By Application, 2017-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Electric Motors Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Electric Motors, By Motor Type, 2017-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Electric Motors, By Output Power, 2017-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Electric Motors, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. ABB.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. ARC Systems Inc.
13.3. DENSO CORPORATION
13.4. Emerson Electric Co.
13.5. Johnson Electric Holdings Limited
13.6. Maxon
13.7. NIDEC CORPORATION
13.8. Regal Rexnord Corporation
13.9. Rockwell Automation Inc.
13.10. Siemens

List of Figures
FIG. 1 Global Electric Motors Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Electric Motors Market Segmentation
FIG. 4 Global Electric Motors Market, by Motor Type, 2022 (US$ Bn)
FIG. 5 Global Electric Motors Market, by Output Power, 2022 (US$ Bn)
FIG. 6 Global Electric Motors Market, by Application, 2022 (US$ Bn)
FIG. 7 Global Electric Motors Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Motor Type, 2022
FIG. 9 Attractive Investment Proposition, by Output Power, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Electric Motors Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Electric Motors Market Manufacturers, 2022
FIG. 14 Global Electric Motors Market Value Contribution, By Motor Type, 2022 & 2030 (Value %)
FIG. 15 Global Electric Motors Market, by Alternate Current (AC) Motor, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Electric Motors Market, By Integral Horsepower (IHP) Output Current (DC) Motor, Value, 2017-2030 (US$ Bn)
FIG. 17 Global Electric Motors Market Value Contribution, By Output Power, 2022 & 2030 (Value %)
FIG. 18 Global Electric Motors Market, By Integral Horsepower (IHP) Output, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Electric Motors Market, by Fractional Horsepower (FHP) Output, 2017-2030 (US$ Bn)
FIG. 20 Global Electric Motors Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 21 Global Electric Motors Market, by Automobile, Value, 2017-2030 (US$ Bn)
FIG. 22 Global Electric Motors Market, by HVAC, 2017-2030 (US$ Bn)
FIG. 23 Global Electric Motors Market, by Medical equipment, 2017-2030 (US$ Bn)
FIG. 24 Global Electric Motors Market, by Industrial machinery, 2017-2030 (US$ Bn)
FIG. 25 Global Electric Motors Market, by Household appliances, 2017-2030 (US$ Bn)
FIG. 26 Global Electric Motors Market, by Others, 2017-2030 (US$ Bn)
FIG. 27 North America Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 28 U.S. Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 29 Canada Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 30 Europe Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 31 Germany Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 32 France Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 33 U.K. Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 34 Italy Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 35 Spain Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 36 Rest of Europe Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 37 Asia Pacific Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 38 China Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 39 Japan Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 40 India Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 41 South Korea Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 42 South-East Asia Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 43 Rest of Asia Pacific Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 44 Latin America Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 45 Brazil Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 46 Mexico Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 47 Rest of Latin America Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 48 Middle East & Africa Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 49 GCC Countries Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 50 South Africa Electric Motors Market, 2017-2030 (US$ Bn)
FIG. 51 Rest of Middle East and Africa Electric Motors Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Electric Motors Market
TABLE 2 Global Electric Motors Market, by Competitive Benchmarking, 2022
TABLE 3 Global Electric Motors Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Electric Motors Market, by Key Strategies Analysis, 2022
TABLE 5 Global Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 6 Global Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 7 Global Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 8 Global Electric Motors Market, by Geography, 2017-2030 (US$ Bn)
TABLE 9 North America Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 10 North America Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 11 North America Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 12 North America Electric Motors Market, by Country, 2017-2030 (US$ Bn)
TABLE 13 US Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 14 US Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 15 US Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 16 Canada Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 17 Canada Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 18 Canada Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Europe Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 20 Europe Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 21 Europe Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 22 Europe Electric Motors Market, by Country, 2017-2030 (US$ Bn)
TABLE 23 Germany Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 24 Germany Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 25 Germany Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 26 France Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 27 France Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 28 France Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 29 UK Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 30 UK Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 31 UK Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 Italy Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 33 Italy Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 34 Italy Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 35 Spain Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 36 Spain Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 37 Spain Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 38 Rest of Europe Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 39 Rest of Europe Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 40 Rest of Europe Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 41 Asia Pacific Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 42 Asia Pacific Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 43 Asia Pacific Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 44 Asia Pacific Electric Motors Market, by Country, 2017-2030 (US$ Bn)
TABLE 45 China Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 46 China Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 47 China Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 48 Japan Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 49 Japan Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 50 Japan Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 51 India Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 52 India Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 53 India Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 54 South Korea Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 55 South Korea Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 56 South Korea Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 57 South-East Asia Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 58 South-East Asia Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 59 South-East Asia Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 63 Latin America Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 64 Latin America Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 65 Latin America Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 66 Latin America Electric Motors Market, by Country, 2017-2030 (US$ Bn)
TABLE 67 Brazil Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 68 Brazil Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 69 Brazil Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 70 Mexico Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 71 Mexico Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 72 Mexico Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 73 Rest of Latin America Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 74 Rest of Latin America Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 75 Rest of Latin America Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 76 Middle East and Africa Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 77 Middle East and Africa Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 78 Middle East and Africa Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 79 Middle East and Africa Electric Motors Market, by Country, 2017-2030 (US$ Bn)
TABLE 80 GCC Countries Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 81 GCC Countries Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 82 GCC Countries Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 83 South Africa Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 84 South Africa Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 85 South Africa Electric Motors Market, by Application, 2017-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Electric Motors Market, by Motor Type, 2017-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Electric Motors Market, by Output Power, 2017-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Electric Motors Market, by Application, 2017-2030 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global Electric Motors market?

The COVID-19 pandemic negatively influenced industrial verticals, particularly the automotive sector. Most auto production plants were closed during the first few months of the outbreak, which impacted labor and supply.

Which is the leading region of the market for Electric Motors?

North America accounted for the most heightened share in the global Electric Motors market.

What are the key drivers for the growth of the Electric Motors market?

The market for electric motors is anticipated to be driven by rising household electric motor usage, rising EV adoption, and rising industrial process automation.

Which is the major segment in the Electric Motors market by type?

The Alternate Current (AC) Motor segment had a largest share in the global market in 2022.

Which is the major segment in the Electric Motors market by application?

The Automobile segment had a major share of the global market.

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