Electric Motor Market Size, Share Trends And Analysis Report
Ngày đăng: 10-06-2025 |
Ngày cập nhật: 10-06-2025
IMARC Group, a leading market research company, has recently released a report titled “Electric Motor Market Report by Motor Type (AC Motor, DC Motor, and Others), Voltage (Low Voltage Electric Motors, Medium Voltage Electric Motors, High Voltage Electric Motors), Rated Power (Fractional Horsepower Motors, Integral Horsepower Motors), Magnet Type (Ferrite, Neodymium (NdFeB), Samarium Cobalt (SmCo5 and Sm2Co17)), Weight (Low Weight Motors, Medium Weight Motors, High Weight Motors), Speed (Ultra-High-Speed Motors, High-Speed Motors, Medium Speed Motors, Low Speed Motors), Application (Industrial Machinery, HVAC, Transportation, Household Appliances, Motor Vehicles, Aerospace, Marine, Robotics, and Others), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the global electric motor market size, share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global electric motor market size reached USD 115.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 157.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.32% during 2025-2033.
Request to Get the Sample Report:
https://www.imarcgroup.com/electric-motor-market/requestsample
Global Electric Motor Market Trends:
The growing emphasis on sustainable and green technologies, driving the development of electric motors that are energy-efficient and constructed from sustainable materials, is positively impacting the market growth.
Additionally, the increasing product utilization in the renewable energy sector for wind turbines and solar panel tracking systems is anticipated to drive the market growth. Apart from this, the rising penetration of smart grid technology, boosting the use of electric motors in managing and optimizing the distribution and use of electricity, is favoring the market growth.
Factors Affecting the Growth of the Electric Motor Industry:
Additionally, the rising advancements in manufacturing techniques, such as three-dimensional (3D) printing and automation, to allow for more precise and cost-effective production of electric motors are enhancing the market growth.
Furthermore, the increasing integration of electric motors with sensors and the Internet of Things (IoT) connectivity to enable real-time monitoring and predictive maintenance is fostering the market growth.
Additionally, the introduction of government incentives and subsidies for EV purchases, coupled with investments in charging infrastructure, are propelling the market growth. Apart from this, the rising investment by leading automotive manufacturers in the development of advanced electric powertrains, which include cutting-edge electric motors designed for optimal performance, is strengthening the market growth.
In addition to this, the heightened reliance of robotics on electric motors for movement and operation is contributing to the market growth.
Electric Motor Market Report Segmentation:
By Motor Type:
AC Motor
AC motors represented the largest segment as they provide versatility and efficiency across a wide range of industrial and commercial applications.
By Voltage:
By Rated Power:
Fractional Horsepower Motors
Fractional horsepower represented the largest segment as they are essential for powering small appliances and equipment in various sectors.
By Magnet Type:
By Weight:
By Speed:
By Application:
Regional Insights:
Competitive Landscape with Key Players:
The competitive landscape of the electric motor market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
https://www.imarcgroup.com/request?type=report&id=937&flag=C
Key Highlights of the Report:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145
The global electric motor market size reached USD 115.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 157.0 Billion by 2033, exhibiting a growth rate (CAGR) of 3.32% during 2025-2033.
Request to Get the Sample Report:
https://www.imarcgroup.com/electric-motor-market/requestsample
Global Electric Motor Market Trends:
The growing emphasis on sustainable and green technologies, driving the development of electric motors that are energy-efficient and constructed from sustainable materials, is positively impacting the market growth.
Additionally, the increasing product utilization in the renewable energy sector for wind turbines and solar panel tracking systems is anticipated to drive the market growth. Apart from this, the rising penetration of smart grid technology, boosting the use of electric motors in managing and optimizing the distribution and use of electricity, is favoring the market growth.
Factors Affecting the Growth of the Electric Motor Industry:
- Rapid Technological Advancements and Innovation:
Additionally, the rising advancements in manufacturing techniques, such as three-dimensional (3D) printing and automation, to allow for more precise and cost-effective production of electric motors are enhancing the market growth.
Furthermore, the increasing integration of electric motors with sensors and the Internet of Things (IoT) connectivity to enable real-time monitoring and predictive maintenance is fostering the market growth.
- Growing Demand in Electric Vehicles (EVs):
Additionally, the introduction of government incentives and subsidies for EV purchases, coupled with investments in charging infrastructure, are propelling the market growth. Apart from this, the rising investment by leading automotive manufacturers in the development of advanced electric powertrains, which include cutting-edge electric motors designed for optimal performance, is strengthening the market growth.
- Rising Focus on Industrial Automation and Robotics:
In addition to this, the heightened reliance of robotics on electric motors for movement and operation is contributing to the market growth.
Electric Motor Market Report Segmentation:
By Motor Type:
AC Motor
- Induction AC Motor
- Synchronous AC Motor
- Brushed DC Motor
- Brushless DC Motor
AC motors represented the largest segment as they provide versatility and efficiency across a wide range of industrial and commercial applications.
By Voltage:
- Low Voltage Electric Motors
- Medium Voltage Electric Motors
- High Voltage Electric Motors
By Rated Power:
Fractional Horsepower Motors
- Fractional Horsepower (< 1/8) Motors
- Fractional Horsepower (1/8 - 1/2) Motors
- Fractional Horsepower (1/2 - 1) Motors
- Integral Horsepower (1 - 5) Motors
- Integral Horsepower (10 - 50) Motors
- Integral Horsepower (50 - 100) Motors
- Integral Horsepower (>100) Motors
Fractional horsepower represented the largest segment as they are essential for powering small appliances and equipment in various sectors.
By Magnet Type:
- Ferrite
- Neodymium (NdFeB)
- Samarium Cobalt (SmCo5 and Sm2Co17)
By Weight:
- Low Weight Motors
- Medium Weight Motors
- High Weight Motors
By Speed:
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
By Application:
- Industrial Machinery
- HVAC
- Transportation
- Household Appliances
- Motor Vehicles
- Aerospace
- Marine
- Robotics
- Others
Regional Insights:
- Asia-Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape with Key Players:
The competitive landscape of the electric motor market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- ABB Group
- Siemens AG
- WEG SA
- TECO
- Regal Beloit Corporation
- Nidec Corporation
https://www.imarcgroup.com/request?type=report&id=937&flag=C
Key Highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145
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