United States (USA) Electric Motor Market Overview, 2029

United States (USA) Electric Motor Market Overview, 2029

In the US, the market for electric motors was expanding significantly. Industries have been forced to replace older, less efficient motors with newer, more energy-efficient units as a result of strict energy efficiency rules and efforts. In industries like manufacturing, HVAC (heating, ventilation, and air conditioning), and transportation, this tendency has been especially noticeable. The demand for electric motors used in renewable energy systems, such as wind turbines and solar trackers, has increased due to the focus on renewable energy sources like solar and wind power. Electric motors are becoming more and more in demand as automation spreads throughout different sectors. These motors are crucial parts of automated machinery and equipment. The demand for electric motors used in automotive applications has increased as a result of the widespread use of electric cars. As manufacturers increase their investments in electric and hybrid car technology, this trend is anticipated to persist. Further market expansion has been fueled by the development of more sophisticated and effective motor solutions as a result of the Internet of Things (IoT) and smart technology integration in motor systems. The market for electric motors has advanced largely due to government incentives and subsidies for the use of energy-efficient technology and electric automobiles. The requirement for higher manufacturing process quality, lower costs, and enhanced productivity is what motivates the adoption of industrial automation. Electric motors are essential parts of robotics and automated machines that are utilized for material handling and assembly line work. Electric motors are essential for automation in a number of industries, including electronics, food & beverage, pharmaceutical, and automotive. Electric motor efficiency guidelines are issued by the US Department of Energy (DOE) in an effort to lower energy usage and greenhouse gas emissions.

According to the research report “United States Electric Motor Market Overview, 2029,"" published by Bonafide Research, the United States Electric Motor market is anticipated to grow at more than 8.00% CAGR from 2024 to 2029. The electric motor market's expansion in the US may be examined from a number of angles, such as market size, industry trends, technical developments, and economic variables. Because electric motors are being used more often in more industries, the US market for them has been growing consistently. Numerous industries, such as manufacturing, automotive, aerospace, energy, healthcare, and consumer electronics, are what fuel demand. The need for electric motors in both current and upcoming applications has been driven by technological breakthroughs and the need for energy-efficient solutions. Electric motors that are more dependable, efficient, and small have been developed as a result of ongoing innovation in motor design, materials, and manufacturing techniques. Variable frequency drives (VFDs) and sensor systems are examples of advances in motor control technologies that allow for precise control and optimization of motor performance. Electric motor demand is being driven by the trend of industrial automation in robotics, equipment, and factory automation applications. The market for electric motors is growing as a result of infrastructural development, industrial production, and economic growth. There is fierce competition among local and foreign producers in the electric motor industry as they compete for market share. Environmentally friendly and energy-efficient motor solutions are in high demand due to regulatory requirements, environmental concerns, and initiatives to mitigate climate change. Trade regulations, geopolitical events, and interruptions in the global supply chain may all have an influence on the availability of components, completed goods, and raw materials, which can change market dynamics and price. Adherence to regulatory mandates and certifications, such ENERGY STAR, UL, and CSA, is crucial for gaining entry into the market and winning over customers.

The adaptability, dependability, and controllability of alternating current (AC) motors make them widely utilized in a variety of applications. They are frequently found in home appliances, HVAC systems, electric cars, and industrial gear that run on AC electricity. More than only pumps and fans—conveyors, compressors, and other machinery—are powered by AC motors. They've also become essential components of renewable energy generating systems like wind turbines and electric car propulsion systems in recent years. The interplay of magnetic fields is how direct current (DC) motors transform electrical energy into mechanical energy. Its small design, quick starting torque, and precision speed control are well recognized. DC motors have widespread application in robotics, electric cars, industrial automation, and aerospace domains where accurate control of torque and speed is crucial. Additionally, they are present in power tools and other home equipment like vacuum cleaners. Because hermetic motors are sealed devices, no dust, moisture, or other impurities may enter them while they are in operation. They are frequently utilized in situations where leakage might be harmful or the motor is subjected to extreme circumstances. Heat pumps, air conditioners, refrigeration compressors, and other HVAC systems require hermetic motors as vital parts. Additionally, they find utility in aerospace applications including environmental control systems and fuel pumps for airplanes.

In home, business, and light industrial settings where lower power needs are adequate, electric motors running at voltages up to 1 kV are frequently utilized. Usually, pumps, fans, HVAC systems, small machines, and home appliances have these motors. Water pumps, office supplies, minor industrial gear, residential HVAC systems, and culinary appliances (such as mixers and blenders) are examples of common uses. Large to medium-sized industrial applications, such as manufacturing, mining, oil and gas production, and power generating, are commonly served by electric motors running between 1 kV and 6.6 kV. These motors can handle heavy-duty tasks and have greater power ratings. Commonly used equipment in industrial processing, manufacturing, and material handling applications includes pumps, compressors, conveyors, crushers, agitators, and other gear. Large-scale industrial and utility applications with exceptionally high power needs are the typical uses for electric motors running beyond 6.6 kV. These motors are frequently found in large-scale mining operations, power plants, heavy industries, and high-voltage transmission networks. Large-scale pumps, compressors, fans, turbines, crushers, and other pieces of equipment used in the mining, oil and gas, utilities, and heavy manufacturing industries are among their major uses. They are also necessary for long-distance electrical power delivery in high-voltage transmission and distribution systems.

Electric motors are essential to the automotive sector since they provide power to different parts of both hybrid and electric cars. They are utilized in coolant pumps, air conditioning compressors, power steering, propulsion systems, and other auxiliary systems. Emissions limits and environmental concerns have led to a notable change in vehicle usage towards electric and hybrid models in recent years. The automobile industry's need for electric motors has increased as a result of this change. Technological developments in electric vehicles, such as enhanced motor efficiency, increased power density, and improved battery technology, have increased demand for electric motors in this market. Heating, ventilation, and air conditioning (HVAC) systems rely on electric motors to power components such as fans, blowers, compressors, and pumps. These motors are essential for maintaining indoor air quality, temperature control, and comfort in residential, commercial, and industrial buildings. The demand for energy-efficient HVAC systems has led to the adoption of high-efficiency electric motors in this segment. Variable speed motors and brushless DC motors are increasingly used to optimize energy consumption and improve system performance. Regulatory standards such as the Energy Star program and building codes drive the market towards more efficient HVAC equipment, driving the demand for electric motors with higher efficiency ratings. Electric motors are used in heating, ventilation, and air conditioning (HVAC) systems to power fans, blowers, compressors, and pumps. In order to ensure comfort, temperature control, and indoor air quality in residential, commercial, and industrial buildings, these motors are necessary. The market's adoption of high-efficiency electric motors is a result of the need for HVAC systems that use less energy. Brushless DC motors and variable speed motors are being utilized more and more to maximize energy efficiency and enhance system functionality. Higher efficiency electric motors are in demand as the industry shifts to more energy-efficient HVAC equipment due to regulatory mandates like the Energy Star program and building codes. Numerous electrical equipment used in homes, workplaces, and commercial spaces require electric motors as essential parts. These include of kitchen appliances, fans, vacuum cleaners, washing machines, dishwashers, and refrigerators.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Motor market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Motor Type
• AC Motor
• DC Motor
• Hermetic Motors

By Voltage
• Up to 1 kV
• 1 kV-6.6 kV
• Above 6.6 kV

By Application
• Motor Vehicles
• Industrial Machinery
• HVAC Equipment
• Electrical Appliances
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Motor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.