Electric Motor Sales Market
Report ID: SQMIG25E2079
Report ID: SQMIG25E2079
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USA +1 351-333-4748
Report ID:
SQMIG25E2079 |
Region:
Global |
Published Date: December, 2025
Pages:
223
|Tables:
66
|Figures:
70
Electric Motor Sales Market size was valued at USD 122.07 Billion in 2024 and is poised to grow from USD 132.57 Billion in 2025 to USD 256.49 Billion by 2033, growing at a CAGR of 8.6% during the forecast period (2026–2033).
The growing awareness of eco-friendly vehicles among consumers has played a pivotal role in driving the market forward. This trend is further bolstered by government incentives aimed at promoting the adoption of green vehicles to combat carbon emissions and environmental degradation. Advancements in electric motor technology have been significant, enhancing their appeal and driving demand. Improved insulation materials have contributed to better operational efficiency and product durability, further propelling market growth. The market is poised for substantial expansion, driven by increased automobile production. Electric motors find applications in various sectors such as fans, pumps, compressors, and electric vehicles, offering benefits like energy efficiency and low maintenance.
Countries like Brazil, the U.S., Argentina, China, and India are key markets with substantial adoption of energy-efficient products in industrial and agricultural sectors. Escalating electricity prices and strict consumption standards have led to a surge in demand for energy-efficient motors. While the market is transitioning toward more efficient motorized systems, challenges remain, including lack of awareness about benefits and initial high costs. The environmental advantages of electric motors, especially in electric vehicles, are boosting their implementation, enhancing efficiency and reducing energy costs. As concerns about environmental impact grow, the demand for energy-efficient and eco-friendly products like electric motors is anticipated to rise significantly.
US Electric Motor Sales Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 112.4 billion
Largest Segment
AC Motor
Fastest Growth
DC Motor
Growth Rate
8.6% CAGR
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Global Electric Motor Sales Market is segmented by Motor Type, Power Output, Voltage, Distribution Channel, Application, End-User and region. Based on Motor Type, the market is segmented into AC Motors, DC Motors and Hermetic Motors. Based on Power Output, the market is segmented into Fractional Horsepower (Up to 1HP) and Integral Horsepower (Above 1HP). Based on Voltage, the market is segmented into Up to 1 kV, 1 kV-6.6 kV and Above 6.6 kV. Based on Distribution Channel, the market is segmented into Online Retail, Supermarkets/Hypermarkets and Direct Sales. Based on Application, the market is segmented into Industrial Machinery, Motor Vehicles, HVAC Equipment, Electrical Appliances and Others. Based on End-User, the market is segmented into Industrial, Commercial, Residential, Agriculture and Transportation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
In terms of revenue, the AC motor segment held a commanding position in the electric motor market, contributing to a substantial revenue share of 70.7% in 2022. This dominance is primarily due to the wide-ranging applications of AC motors, spanning from irrigation pumps to modern robotics. Their compact size, cost-effectiveness, and lightweight nature make them a popular choice, particularly in HVAC equipment. The automotive sector has also witnessed a surge in the adoption of electric AC motors, driven by advancements in electronics and permanent magnetic materials. AC motors find significant utilization across diverse industries like chemicals, paper and pulp, cement, and wastewater treatment, further bolstering their market share. As the demand for electric vehicles grows, the potential for AC motor application expands, contributing to the segment's growth trajectory.
The demand for brushless DC motors is on the rise, supported by the increasing popularity of vehicle features like motorized seats, adjustable mirrors, and sunroof systems. In the realm of industrial machinery, electronic toys, and variable speed control applications, DC motors play a crucial role. Brushless DC motors stand out for their low maintenance costs, driving higher revenue within the DC motor segment. Meanwhile, the hermetic motor type is projected to exhibit the highest CAGR of 7.0% from 2023 to 2030. The convenience of handling, low maintenance requirements, and ease of transportation are key factors contributing to the segment's growth. The HVAC industry's demand for hermetic motors, owing to their suitability for such applications, further reinforces their growing prominence in the market.
In terms of revenue, the Fractional Horsepower (FHP) output segment emerged as the dominant force in the market, securing a substantial revenue share of 87.3% in 2022. This notable share can be attributed to the versatile applications of FHP motors across various household appliances, spanning from vacuum cleaners and coffee machines to refrigerators. Moreover, these motors find relevance in the industrial sector, where their robustness makes them well-suited for heavy-duty operations. A key advantage of FHP motors is their capacity to deliver high starting torque and maintain stability even in the face of electric current fluctuations.
Another notable trait of FHP motors is their enhanced energy efficiency compared to their counterparts, making them an attractive choice for industrial users seeking more efficient machinery replacements. On the other hand, the Integral Horsepower (IHP) output segment is anticipated to exhibit the highest CAGR from 2023 to 2030. This growth is fueled by the mounting demand for IHP motors in industrial applications. IHP motors provide higher power output to machines and devices, making them particularly appealing for high-end applications in sectors like aerospace and transportation. This surge in demand underscores the rising prominence of IHP motors in fulfilling specific industrial needs.
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Asia Pacific emerged as the frontrunner in the electric motor market, capturing the largest revenue share of 48.6% in 2022. This dominance can be attributed to significant advancements in the agriculture sector and substantial investments in industrialization within countries like China, India, South Korea, and Australia. Moreover, the escalating production and sales of electric vehicles in China and Japan, coupled with the presence of established Original Equipment Manufacturers (OEMs) such as Honda Motor Co., Ltd., Hyundai Motor Company, Toyota Industries Corporation, and Nissan Motor Corporation, are anticipated to propel the market's growth in this region. Forecasts predict that the Asia Pacific region will exhibit the highest Compound Annual Growth Rate (CAGR) of 7.8% from 2021 to 2028.
Following Asia Pacific, both the Europe and North America regions secured substantial market shares in 2022 and are experiencing increasing demand for electric motors. These regions particularly excel in the premium efficiency motors segment, widely utilized in applications like HVAC systems, industrial operations, and electric vehicles. The growth prospects for the market are also on the rise in Latin America and the Middle East and Africa, driven by escalating government funding initiatives. The surge in motor demand from the oil and gas industry, rapid progress in the mining sector, and substantial requirements for cement within the construction industry are contributing factors for the market's growth in these regions.
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Growing Demand for Energy Efficiency
Rising Adoption of Electric Vehicles
Limited Infrastructure for Charging EVs
Competition from Internal Combustion Engines
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The competitive landscape of the electric motor sales market is characterized by the presence of several established players and a growing number of new entrants, reflecting the increasing demand for energy-efficient solutions. Key market players are focused on strategic initiatives such as product innovation, partnerships, acquisitions, and expansion to gain a competitive edge. Established companies like ABB Ltd., Siemens AG, and Nidec Corporation dominate the market with their extensive product portfolios and global presence. These companies offer a wide range of electric motors catering to various industries, from automotive to industrial automation.
Additionally, emerging players and startups are entering the market with a focus on advanced technologies, such as brushless DC motors and high-efficiency models. These players often emphasize customization, energy efficiency, and smart features to differentiate themselves in the market. Collaborations with electric vehicle manufacturers, industrial automation companies, and other end-users are common strategies to expand their market reach and tap into growing application areas.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global electric motor sales market analysis; the increasing adoption of electric vehicles (EVs) is fueling demand for electric motors in the automotive sector, while Industry 4.0 and automation are boosting usage in manufacturing and industrial applications. Energy efficiency concerns and environmental regulations are prompting industries to opt for more efficient electric motors, particularly premium efficiency models. Additionally, the growing shift towards renewable energy sources is driving demand for electric motors in wind turbines and solar systems. The market is experiencing a transition towards permanent magnet motors due to their higher efficiency. Developing regions like Asia Pacific, including countries like China and India, are witnessing rapid industrialization and urbanization, contributing significantly to market growth. With applications spanning from automotive and industrial machinery to household appliances, the electric motor sales market is set to continue its expansion across regions and sectors.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 122.07 Billion |
| Market size value in 2033 | USD 256.49 Billion |
| Growth Rate | 8.6% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Electric Motor Sales Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Motor Sales Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Motor Sales Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electric Motor Sales Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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