Global Electric Motor Market Analysis & Trends - Industry Forecast to 2030

Global Electric Motor Market Analysis & Trends - Industry Forecast to 2030

The Global Electric Motor Market is poised to grow at a CAGR of around 8.7% over the next decade to reach approximately $261.1 billion by 2030. Some of the prominent trends that the market is witnessing include increase in global electricity consumption, use of electrical equipment and machines in different industries and the renewables sector and rise in demand for superior machine control in automotive industry.

By power rating, the market is fragmented into 1 KW, 1-2.2 KW, 2-375 KW and >375 KW. Based on rotor type, the market is bifurcated into inner rotor and outer rotor. On the basis of motor, the market is classified into traction motor, small dc motors for automotive and small dc motors for railways and aerospace applications. Small dc motors for automotive are further categorized as air suspension motors, anti-Lock braking system (ABS) motors, vacuum pump motors, fork lift actuation motors and cooling fans & blower’s motors. Small dc motors for railways and aerospace applications are further segmented into high voltage motor, low voltage motor and cooling motor.

With respect to motor type, the market is segmented into alternate current (AC) motor, direct current (DC) motor and hermetic motor. Alternate current (AC) motor are further classifies as synchronous ac motors and induction ac motor. Direct current (DC) motor is sub segmented into brushed dc motor, brushless dc motor, permanent magnet motors, series motors, shunt motors and compound motors.

On the contrary to the output power, the market is divided into integral horsepower (IHP) output (>1HP) and fractional horsepower (FHP) output (< 1HP). Integral Horsepower (IHP) Output (>1HP) is further categorized as integral horsepower (1 - 5) motors, integral horsepower (10 - 50) motors, integral horsepower (50 - 100) motors and integral horsepower (>100) motors. Fractional Horsepower (FHP) Output (< 1HP) is further sub segmented into fractional horsepower (< 1/8) motors, fractional horsepower (1/8 - 1/2) motors and fractional horsepower (1/2 - 1) motors.

By magnet type, the market is classified into ferrite, neodymium (NdFeB) and samarium cobalt (SmCo5 and Sm2Co17). By speed, the market is fragmented into low-speed electric motors (less than 1,000 RPM), medium-speed electric motors (1,001-25,000 RPM), high-speed electric motors (25,001-75,000 RPM) and ultrahigh-speed electric motors (greater than 75,001 RPM). On the basis of voltage range, the market is classified into 9V & below, 10-20V, 21-60V and 60V & above.

With respect to application, the market is segmented into pumps, fans, compressors, general machinery, centrifugal machinery, grinders and extruders. On the contrary to the end use, the market is divided into industrial machinery, motor vehicles, heating, ventilating and cooling (HVAC) equipment, aerospace & transportation, household appliances, commercial, agriculture, petrochemical & chemical, oil & gas, mining metals, cement & steel, robotics, marine, metallurgy, refining, residential, utilities and renewables.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investment