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Japan Electric Motor Market By Type (AC Motor, DC Motor, Hermetic Motor); By Power Output (Integral HP Output, Fractional HP Output); By Power Rating (Less than 1 kW, 1 kW to 2.1 kW, 2 kW to 375 kW, More than 375 kW); By Voltage (Low Voltage, Medium Voltage, High Voltage); By Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Others); By Region (Kanto Region, Kansai Region, Chubu Region, Other Regions) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032.

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Japan electric motor Market Size 2023	USD 7,643.90 million
Japan electric motor Market, CAGR	3.20%
Japan electric motor Market Size 2032	USD 10,149.21 million

Market Overview

The Japan electric motor market is projected to grow from USD 7,643.90 million in 2023 to an estimated USD 10,149.21 million by 2032, with a compound annual growth rate (CAGR) of 3.20% from 2024 to 2032. This growth is primarily driven by increasing demand across various sectors such as automotive, industrial machinery, and consumer electronics.

Key drivers influencing this growth include government initiatives promoting energy-efficient systems and the rising trend towards automation in industrial processes. Additionally, technological advancements in motor efficiency and the integration of smart technologies are creating opportunities for innovation and expansion within the market.

Geographically, Tokyo and the Kansai region represent significant hubs for the electric motor market due to their strong manufacturing base and advanced technological infrastructure. Key players in the Japan electric motor market include Mitsubishi Electric Corporation, Nidec Corporation, Hitachi, Ltd., and Toshiba Corporation, which are focusing on product innovation and strategic partnerships to strengthen their market positions.

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Market Drivers

Growing Adoption of Electric Vehicles (EVs):

The rising adoption of electric vehicles in Japan is a significant driver of the electric motor market. As the government promotes sustainable transportation to reduce carbon emissions and achieve carbon neutrality, EVs are gaining popularity among consumers. Major automakers are expanding their EV portfolios, directly increasing the need for high-efficiency electric motors. For instance EV sales in Japan grew substantially over the past year, with a significant portion of consumers indicating plans to purchase an EV as their next vehicle. Advancements in battery technology and improved charging infrastructure are expected to further accelerate EV growth. The focus remains on developing lightweight, compact, and efficient motors to enhance EV range and performance. Government data shows increasing investments in EV-related research and development, with electric motor technology being a key area of focus.

Expansion of Automation and Robotics in Manufacturing:

Japan’s leadership in industrial automation and robotics significantly impacts the electric motor market. As manufacturers optimize production processes, reduce labor costs, and improve efficiency, the deployment of automation and robotics systems is increasing. Electric motors are critical components in robotic arms, conveyors, and automated machinery. This surge in automation is particularly evident in sectors such as automotive, electronics, and food processing. For instance, the number of industrial robots per manufacturing worker in Japan is among the highest globally. Government initiatives to strengthen the manufacturing sector through automation are expected to drive demand for electric motors. A majority plan to increase their investments in automation technologies over the next few years, with electric motors being a key component of these upgrades.

Technological Advancements in Electric Motor Efficiency:

Technological innovations enhancing the efficiency and performance of electric motors are driving market growth in Japan. As energy costs rise and environmental regulations become more stringent, demand is growing for motors that consume less power while delivering high output. Recent developments in motor design, such as the use of advanced materials and improved cooling techniques, are contributing to significant efficiency gains. For instance, a government-sponsored research program reported breakthrough achievements in motor efficiency, with new prototypes demonstrating substantial improvements over conventional designs. The integration of smart technologies enables real-time monitoring and predictive maintenance, reducing downtime and operational costs. the energy efficiency and smart features are top priorities when selecting new electric motors, indicating strong market demand for these advanced technologies.

Government Initiatives and Support for Energy Efficiency:

The Japanese government’s proactive stance on promoting energy efficiency is a key factor driving the electric motor market. Various policies and incentives aimed at reducing energy consumption and fostering the development of green technologies have been implemented, creating a favorable environment for the growth of electric motor adoption. Programs such as the Top Runner Program, which sets efficiency standards for electrical equipment, encourage manufacturers to innovate and produce more energy-efficient motors. Additionally, subsidies and tax incentives for businesses that adopt energy-efficient equipment, including electric motors, further stimulate market demand. These government initiatives not only support the growth of the electric motor market but also align with broader national goals of energy conservation, reducing greenhouse gas emissions, and promoting sustainable industrial practices.

Market Trends

Increased Focus on Compact and High-Efficiency Motors:

The Japan electric motor market is witnessing a growing demand for compact and high-efficiency motors, driven by the need for energy savings and space optimization across various applications. Industries such as automotive, consumer electronics, and industrial machinery are increasingly favoring motors that offer superior performance while occupying minimal space. For instance, over 70% of Japanese manufacturers plan to increase their use of high-efficiency motors in the next 5 years. This trend is particularly significant in the automotive sector, where the shift towards electric and hybrid vehicles necessitates the development of smaller, lighter, and more efficient motors to maximize vehicle range and performance. Government data shows that the production of electric and hybrid vehicles in Japan has doubled in the past decade, further driving this trend. Advances in materials science, such as the use of high-performance alloys and improved magnetic materials, are facilitating the production of these compact and efficient motors. Japanese manufacturers are investing heavily in research and development to enhance motor designs, with R&D spending in the sector growing at an average annual rate of 8% over the past five years.

Integration of Smart Technologies and IoT:

The integration of smart technologies and the Internet of Things (IoT) into electric motors is another significant trend shaping the market in Japan. As industries move towards digital transformation, there is an increasing adoption of smart electric motors equipped with sensors and communication capabilities that enable real-time monitoring and predictive maintenance. A recent government report indicates that the adoption of IoT-enabled motors in Japanese manufacturing has grown by 35% annually over the past three years. These motors provide valuable data on operational parameters such as temperature, vibration, and energy consumption, allowing for proactive maintenance strategies and minimizing downtime. The adoption of smart motors is particularly evident in sectors such as manufacturing, where maintaining high operational efficiency is critical. For instance, those using smart motor systems reported an average 15% reduction in unplanned downtime. Furthermore, the Japanese government’s focus on promoting Industry 4.0 practices is encouraging companies to invest in smart technologies, with public funding for smart manufacturing initiatives increasing by 25% in the latest fiscal year.

Market Restraints and Challenges

High Production Costs and Price Sensitivity:

The Japan electric motor market faces significant challenges due to the high production costs associated with advanced motor technologies. The development of high-efficiency motors often requires expensive materials and sophisticated manufacturing processes that can drive up costs. These high production costs can make it challenging for manufacturers to offer competitive pricing, especially in price-sensitive segments. Additionally, fluctuations in raw material prices further complicate cost management for manufacturers. Government surveys indicate that a substantial portion of Japanese motor manufacturers cite rising material costs as a major concern. Industry reports show that the cost of key materials used in electric motors has increased significantly in recent years. As a result, achieving a balance between maintaining product quality and reducing costs to meet market demands becomes a critical challenge. Many companies report investing heavily in research and development to find alternative materials and production methods to mitigate these cost pressures.

Limited Domestic Demand and Market Saturation:

Another restraint in the Japan electric motor market is the limited domestic demand and market saturation, particularly in established sectors. Japan’s mature market conditions mean that the growth rate for electric motor demand within the country is relatively slow compared to emerging markets. This saturation is compounded by demographic trends, which affect consumer demand and production capacity expansion. Government data shows a gradual decline in domestic industrial production over the past decade, impacting the demand for industrial motors. Additionally, many Japanese manufacturers are highly dependent on exports to sustain growth, making them vulnerable to global economic fluctuations and trade barriers. Industry surveys reveal that a significant number of Japanese motor manufacturers are concerned about overseas market uncertainties. To navigate these challenges, companies report focusing on innovation and expanding into new application areas, with many firms indicating increased investment in emerging technologies and market diversification strategies.

Market Segmentation Analysis

By type

In the Japan electric motor market, AC motors dominate due to their widespread use in industrial and commercial sectors. They are valued for their reliability, efficiency, and low maintenance requirements. AC motors find extensive application in HVAC systems, manufacturing equipment, and household appliances. DC motors, on the other hand, carve out a niche for applications demanding precise speed control and high starting torque. For instance, AC motors are preferred in continuous operation scenarios, while DC motors are favored in automation and specialty applications requiring superior speed regulation. This segmentation reflects the diverse needs across different industries and applications in Japan’s electric motor landscape.

By Power Output

The Japan electric motor market is segmented into integral horsepower (HP) and fractional HP motors based on power output. Integral HP motors are predominantly used in industrial settings, powering large-scale manufacturing equipment and heavy machinery. These motors are designed for high power output and durability, making them suitable for demanding industrial applications. For instance, a strong preference for integral HP motors in sectors like manufacturing, mining, and large-scale HVAC systems. Fractional HP motors, conversely, cater to applications requiring lower power levels, such as home appliances, small tools, and office equipment. Their compact size and lower power consumption make them ideal for consumer and light commercial use.

Segments

Based on Type

AC Motor
DC Motor
Hermetic Motor

Based on Power Output

Integral HP Output
Fractional HP Output

Based on Power Rating

Less than 1 kW
1 kW to 2.1 kW
2 kW to 375 kW
More than 375 kW

Based on Voltage

Low Voltage (Below 690 V)
Medium Voltage (Between 690 V to 45 kV)
High Voltage (Above 45 kV)

Based on Application

Industrial Machinery
Motor Vehicles
HVAC Equipment
Aerospace & Transportation
Others

Based on Region

Kanto Region
Kansai Region
Chubu Region
Other Regions

Regional Analysis

Kanto Region (Tokyo and Surroundings):

The Kanto region, including Tokyo, is the largest market for electric motors in Japan. This dominance is driven by Tokyo’s status as the country’s economic and industrial hub. For instance, government surveys indicate that the region hosts the highest concentration of manufacturing facilities and research centers in the country. The area’s numerous high-tech industries, including electronics and automotive sectors, significantly contribute to the demand for advanced electric motors. Data from industry associations shows that Kanto leads in adoption of energy-efficient motors across various applications. The region’s infrastructure development and smart city initiatives further boost electric motor demand.

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Key players

– Toshiba Corporation
– Hitachi
– Mitsubishi Heavy Industries
– TECO-Westinghouse Motor Company
– Arc Systems Inc.
– DENSO (Japan)
– Regal Beloit Corporation
– Nidec Motor Corporation
– General Electric (GE)
– Rockwell Automation
– Siemens
– Johnson Electric
– AMETEK
– ABB

Competitive Analysis

The Japan electric motor market features a competitive landscape with several major players, each bringing unique strengths to the table. Toshiba Corporation, Hitachi, and Mitsubishi Heavy Industries leverage their extensive experience and technological advancements to dominate the market, focusing on high-efficiency and durable motor solutions. Nidec Motor Corporation and DENSO (Japan) excel in integrating cutting-edge technologies into their products, catering to both automotive and industrial sectors. Global players like General Electric (GE) and Siemens offer comprehensive portfolios with a focus on innovation and scalability. Regal Beloit Corporation and TECO-Westinghouse Motor Company provide competitive options with a strong emphasis on reliability and performance. Rockwell Automation and Johnson Electric enhance the market with their automation and control solutions. AMETEK and ABB contribute with their specialized and advanced motor technologies, positioning themselves as key contenders in the evolving market landscape.

Recent Developments

In December 2023, Toshiba announced it would be taken private after shareholders approved a $14 billion buyout offer from a consortium led by Japan Industrial Partners.

In December 2023, Hitachi announced it would merge its wholly-owned subsidiary Hitachi Astemo Electric Motor Systems into the parent company Hitachi Astemo on April 1, 2024, to strengthen its electric powertrain business.

In November 2023, Mitsubishi Motors Corporation (part of Mitsubishi Heavy Industries) launched the new Minicab EV, a kei-car class electric commercial vehicle.

In November 2023, DENSO announced the development of an electric motor design support system incorporating AI technology to reduce design time for industrial motors.

In August 2023, Nidec announced it had produced its 100 millionth traction motor for electric vehicles at its Guangzhou plant in China.

In August 2023, Siemens signed an agreement to acquire Heliox, a Netherlands-based company specializing in fast charging solutions for electric buses and trucks.

In August 2023, Johnson Electric reported strong growth in its automotive products group, driven by increasing electrification trends in vehicles.

Market Concentration and Characteristics

The Japan electric motor market exhibits a moderate to high level of market concentration, characterized by the presence of several prominent global and domestic players. Major companies such as Toshiba Corporation, Hitachi, Mitsubishi Heavy Industries, and Nidec Motor Corporation dominate the market, leveraging their advanced technologies, extensive distribution networks, and significant R&D investments. These leading firms often engage in strategic partnerships, mergers, and acquisitions to enhance their market presence and technological capabilities. The market also features a range of specialized companies that focus on niche applications, further contributing to the competitive landscape. Overall, the market is driven by continuous innovation, high-quality standards, and evolving consumer demands for energy-efficient and reliable electric motor solutions

Report Coverage

The research report offers an in-depth analysis based on Type, Power Output, Power Rating, Voltage, Application, Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The expansion of the electric vehicle sector is expected to drive substantial demand for electric motors, as automotive manufacturers increasingly adopt advanced motor technologies for EVs.

Ongoing research and development efforts will continue to enhance motor efficiency, reducing energy consumption and operational costs across various applications.

The rise of automation in manufacturing and industrial processes will boost the demand for high-performance electric motors to support advanced machinery and robotics.

The growing emphasis on renewable energy sources, such as wind and solar power, will lead to increased use of electric motors in renewable energy generation and distribution systems.

Emerging technologies, such as smart motors and IoT integration, will drive the development of more sophisticated electric motor systems with enhanced control and monitoring capabilities.

Stricter environmental regulations and policies aimed at reducing carbon emissions will promote the adoption of energy-efficient electric motors across various sectors.

The rising demand for consumer electronics, including home appliances and personal gadgets, will contribute to the increased use of small, efficient electric motors.

An increased focus on sustainability and eco-friendly practices will encourage companies to invest in electric motors that offer lower environmental impact and higher energy efficiency.

Opportunities in emerging sectors, such as electric aviation and robotics, will create new avenues for electric motor applications and growth.

The competitive landscape will continue to evolve with new entrants and innovations, driving further advancements in motor technology and market dynamics.

CHAPTER NO. 1 : INTRODUCTION 15

1.1.1. Report Description 15

Purpose of the Report 15

USP & Key Offerings 15

1.1.2. Key Benefits for Stakeholders 15

1.1.3. Target Audience 16

1.1.4. Report Scope 16

CHAPTER NO. 2 : EXECUTIVE SUMMARY 17

2.1. Japan Electric Motor Market Snapshot 17

2.1.1. Japan Electric Motor Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 19

2.2. Insights from Primary Respondents 20

CHAPTER NO. 3 : JAPAN ELECTRIC MOTOR MARKET – INDUSTRY ANALYSIS 21

3.1. Introduction 21

3.2. Market Drivers 22

3.2.1. Driving Factor 1 Analysis 22

3.2.2. Driving Factor 2 Analysis 23

3.3. Market Restraints 24

3.3.1. Restraining Factor Analysis 24

3.4. Market Opportunities 25

3.4.1. Market Opportunity Analysis 25

3.5. Porter’s Five Forces Analysis 26

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 27

4.1. Company Market Share Analysis – 2023 27

4.1.1. Japan Electric Motor Market: Company Market Share, by Revenue, 2023 27

4.1.2. Japan Electric Motor Market: Company Market Share, by Revenue, 2023 28

4.1.3. Japan Electric Motor Market: Top 6 Company Market Share, by Revenue, 2023 28

4.1.4. Japan Electric Motor Market: Top 3 Company Market Share, by Revenue, 2023 28

4.2. Japan Electric Motor Market Company Volume Market Share, 2023 30

4.3. Japan Electric Motor Market Company Revenue Market Share, 2023 31

4.4. Company Assessment Metrics, 2023 32

4.4.1. Stars 32

4.4.2. Emerging Leaders 32

4.4.3. Pervasive Players 32

4.4.4. Participants 32

4.5. Start-ups /SMEs Assessment Metrics, 2023 32

4.5.1. Progressive Companies 32

4.5.2. Responsive Companies 32

4.5.3. Dynamic Companies 32

4.5.4. Starting Blocks 32

4.6. Strategic Developments 33

4.6.1. Acquisitions & Mergers 33

New Product Launch 33

Japan Expansion 33

4.7. Key Players Product Matrix 34

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 35

5.1. PESTEL 35

5.1.1. Political Factors 35

5.1.2. Economic Factors 35

5.1.3. Social Factors 35

5.1.4. Technological Factors 35

5.1.5. Environmental Factors 35

5.1.6. Legal Factors 35

5.2. Adjacent Market Analysis 35

CHAPTER NO. 6 : JAPAN ELECTRIC MOTOR MARKET – BY TYPE SEGMENT ANALYSIS 36

6.1. Japan Electric Motor Market Overview, by Type Segment 36

6.1.1. Japan Electric Motor Market Revenue Share, By Type, 2023 & 2032 37

6.1.2. Japan Electric Motor Market Attractiveness Analysis, By Type 38

6.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 38

6.1.4. Japan Electric Motor Market Revenue, By Type, 2018, 2023, 2027 & 2032 39

6.2. AC Motor 40

6.3. DC Motor 41

6.4. Hermetic Motor 42

CHAPTER NO. 7 : JAPAN ELECTRIC MOTOR MARKET – BY POWER OUTPUT SEGMENT ANALYSIS 43

7.1. Japan Electric Motor Market Overview, by Power Output Segment 43

7.1.1. Japan Electric Motor Market Revenue Share, By Power Output, 2023 & 2032 44

7.1.2. Japan Electric Motor Market Attractiveness Analysis, By Power Output 45

7.1.3. Incremental Revenue Growth Opportunity, by Power Output, 2024 – 2032 45

7.1.4. Japan Electric Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 46

7.2. Integral HP Output 47

7.3. Fractional HP Output 48

CHAPTER NO. 8 : JAPAN ELECTRIC MOTOR MARKET – BY POWER RATING SEGMENT ANALYSIS 49

8.1. Japan Electric Motor Market Overview, by Power Rating Segment 49

8.1.1. Japan Electric Motor Market Revenue Share, By Power Rating, 2023 & 2032 50

8.1.2. Japan Electric Motor Market Attractiveness Analysis, By Power Rating 51

8.1.3. Incremental Revenue Growth Opportunity, by Power Rating, 2024 – 2032 51

8.1.4. Japan Electric Motor Market Revenue, By Power Rating, 2018, 2023, 2027 & 2032 52

8.2. Less than 1 kW 53

8.3. 1 kW to 2.1 kW 54

8.4. 2.2 kW to 375 kW 55

8.5. More than 375 kW 56

CHAPTER NO. 9 : JAPAN ELECTRIC MOTOR MARKET – BY VOLTAGE SEGMENT ANALYSIS 57

9.1. Japan Electric Motor Market Overview, by Voltage Segment 57

9.1.1. Japan Electric Motor Market Revenue Share, By Voltage, 2023 & 2032 58

9.1.2. Japan Electric Motor Market Attractiveness Analysis, By Voltage 59

9.1.3. Incremental Revenue Growth Opportunity, by Voltage, 2024 – 2032 59

9.1.4. Japan Electric Motor Market Revenue, By Voltage, 2018, 2023, 2027 & 2032 60

9.2. Low Voltage (Below 690 V) 61

9.3. Medium Voltage (Between 690 V to 45 kV) 62

9.4. High Voltage (Above 45 kV) 63

CHAPTER NO. 10 : JAPAN ELECTRIC MOTOR MARKET – BY APPLICATION SEGMENT ANALYSIS 64

10.1. Japan Electric Motor Market Overview, by Application Segment 64

10.1.1. Japan Electric Motor Market Revenue Share, By Application, 2023 & 2032 65

10.1.2. Japan Electric Motor Market Attractiveness Analysis, By Application 66

10.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 66

10.1.4. Japan Electric Motor Market Revenue, By Application, 2018, 2023, 2027 & 2032 67

10.2. Industrial Machinery 68

10.3. Motor Vehicles 69

10.4. HVAC Equipment 70

10.5. Aerospace & Transportation 71

10.6. Others 72

CHAPTER NO. 11 : COMPANY PROFILES 73

11.1. Toshiba Corporation 73

11.1.1. Company Overview 73

11.1.2. Product Portfolio 73

11.1.3. Swot Analysis 73

11.1.4. Business Strategy 73

11.1.5. Financial Overview 74

11.2. Hitachi 75

11.3. Mitsubishi Heavy Industries 75

11.4. TECO-Westinghouse Motor Company 75

11.5. Arc Systems Inc. 75

11.6. DENSO (Japan) 75

11.7. Regal Beloit Corporation 75

11.8. Nidec Motor Corporation 75

11.9. General Electric (GE) 75

11.10. Rockwell Automation 75

11.11. Siemens 75

11.12. Johnson Electric 75

11.13. AMETEK 75

11.14. ABB 75

CHAPTER NO. 12 : RESEARCH METHODOLOGY 76

12.1. Research Methodology 76

12.1.1. Phase I – Secondary Research 77

12.1.2. Phase II – Data Modeling 77

Company Share Analysis Model 78

Revenue Based Modeling 78

12.1.3. Phase III – Primary Research 79

12.1.4. Research Limitations 80

Assumptions 80

List of Figures

FIG NO. 1. Japan Electric Motor Market, Volume (Units) & Revenue (USD Million) 2018 – 2032 19

FIG NO. 2. Porter’s Five Forces Analysis for Japan Electric Motor Market 26

FIG NO. 3. Company Share Analysis, 2023 27

FIG NO. 4. Company Share Analysis, 2023 28

FIG NO. 5. Company Share Analysis, 2023 28

FIG NO. 6. Company Share Analysis, 2023 28

FIG NO. 7. Japan Electric Motor Market – Company Volume Market Share, 2023 30

FIG NO. 8. Japan Electric Motor Market – Company Revenue Market Share, 2023 31

FIG NO. 9. Japan Electric Motor Market Revenue Share, By Type, 2023 & 2032 37

FIG NO. 10. Market Attractiveness Analysis, By Type 38

FIG NO. 11. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 38

FIG NO. 12. Japan Electric Motor Market Revenue, By Type, 2018, 2023, 2027 & 2032 39

FIG NO. 13. Japan Electric Motor Market for AC Motor, Volume (Units) & Revenue (USD Million) 2018 – 2032 40

FIG NO. 14. Japan Electric Motor Market for DC Motor, Volume (Units) & Revenue (USD Million) 2018 – 2032 41

FIG NO. 15. Japan Electric Motor Market for Hermetic Motor, Volume (Units) & Revenue (USD Million) 2018 – 2032 42

FIG NO. 16. Japan Electric Motor Market Revenue Share, By Power Output, 2023 & 2032 44

FIG NO. 17. Market Attractiveness Analysis, By Power Output 45

FIG NO. 18. Incremental Revenue Growth Opportunity by Power Output, 2024 – 2032 45

FIG NO. 19. Japan Electric Motor Market Revenue, By Power Output, 2018, 2023, 2027 & 2032 46

FIG NO. 20. Japan Electric Motor Market for Integral HP Output, Volume (Units) & Revenue (USD Million) 2018 – 2032 47

FIG NO. 21. Japan Electric Motor Market for Fractional HP Output, Volume (Units) & Revenue (USD Million) 2018 – 2032 48

FIG NO. 22. Japan Electric Motor Market Revenue Share, By Power Rating, 2023 & 2032 50

FIG NO. 23. Market Attractiveness Analysis, By Power Rating 51

FIG NO. 24. Incremental Revenue Growth Opportunity by Power Rating, 2024 – 2032 51

FIG NO. 25. Japan Electric Motor Market Revenue, By Power Rating, 2018, 2023, 2027 & 2032 52

FIG NO. 26. Japan Electric Motor Market for Less than 1 kW, Volume (Units) & Revenue (USD Million) 2018 – 2032 53

FIG NO. 27. Japan Electric Motor Market for 1 kW to 2.1 kW, Volume (Units) & Revenue (USD Million) 2018 – 2032 54

FIG NO. 28. Japan Electric Motor Market for 2.2 kW to 375 kW, Volume (Units) & Revenue (USD Million) 2018 – 2032 55

FIG NO. 29. Japan Electric Motor Market for More than 375 kW, Volume (Units) & Revenue (USD Million) 2018 – 2032 56

FIG NO. 30. Japan Electric Motor Market Revenue Share, By Voltage, 2023 & 2032 58

FIG NO. 31. Market Attractiveness Analysis, By Voltage 59

FIG NO. 32. Incremental Revenue Growth Opportunity by Voltage, 2024 – 2032 59

FIG NO. 33. Japan Electric Motor Market Revenue, By Voltage, 2018, 2023, 2027 & 2032 60

FIG NO. 34. Japan Electric Motor Market for Low Voltage (Below 690 V), Volume (Units) & Revenue (USD Million) 2018 – 2032 61

FIG NO. 35. Japan Electric Motor Market for Medium Voltage (Between 690 V to 45 kV), Volume (Units) & Revenue (USD Million) 2018 – 2032 62

FIG NO. 36. Japan Electric Motor Market for High Voltage (Above 45 kV), Volume (Units) & Revenue (USD Million) 2018 – 2032 63

FIG NO. 37. Japan Electric Motor Market Revenue Share, By Application, 2023 & 2032 65

FIG NO. 38. Market Attractiveness Analysis, By Application 66

FIG NO. 39. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 66

FIG NO. 40. Japan Electric Motor Market Revenue, By Application, 2018, 2023, 2027 & 2032 67

FIG NO. 41. Japan Electric Motor Market for Industrial Machinery, Volume (Units) & Revenue (USD Million) 2018 – 2032 68

FIG NO. 42. Japan Electric Motor Market for Motor Vehicles, Volume (Units) & Revenue (USD Million) 2018 – 2032 69

FIG NO. 43. Japan Electric Motor Market for HVAC Equipment, Volume (Units) & Revenue (USD Million) 2018 – 2032 70

FIG NO. 44. Japan Electric Motor Market for Aerospace & Transportation, Volume (Units) & Revenue (USD Million) 2018 – 2032 71

FIG NO. 45. Japan Electric Motor Market for Others, Volume (Units) & Revenue (USD Million) 2018 – 2032 72

FIG NO. 46. Research Methodology – Detailed View 76

FIG NO. 47. Research Methodology 77

List of Tables

TABLE NO. 1. : Japan Electric Motor Market: Snapshot 17

TABLE NO. 2. : Drivers for the Japan Electric Motor Market: Impact Analysis 22

TABLE NO. 3. : Restraints for the Japan Electric Motor Market: Impact Analysis 24

Frequently Asked Questions:

What is the current market size of the Japan electric motor market?

The Japan electric motor market was valued at approximately USD 7,643.90 million in 2023. It is projected to reach around USD 10,149.21 million by 2032.

What is the projected CAGR for the Japan electric motor market?

The market is expected to grow at a compound annual growth rate (CAGR) of 3.20% from 2024 to 2032.

Which factors are driving the growth of the Japan electric motor market?

Key drivers include the increasing adoption of electric vehicles, advancements in motor efficiency, and growing industrial automation.

Who are the leading players in the Japan electric motor market?

Major players include Toshiba Corporation, Hitachi, Mitsubishi Heavy Industries, Nidec Motor Corporation, and DENSO (Japan).

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