Electric Motor Market Size, Share, and Trends 2024 to 2034

The global electric motor market size is calculated at USD 180.31 billion in 2025 and is forecasted to reach around USD 341.72 billion by 2034, accelerating at a CAGR of 7.38% from 2025 to 2034. The Asia Pacific market size surpassed USD 65.41 billion in 2024 and is expanding at a CAGR of 7.51% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2024
  • Report Code : 1293
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Motors Market, By Type

7.1. Electric Motors Market, by Type

7.1.1. Alternate Current (AC)

7.1.1.1. Market Revenue and Forecast

7.1.2. Direct Current (DC)

7.1.2.1. Market Revenue and Forecast

Chapter 8. Global Electric Motors Market, By Output Power

8.1. Electric Motors Market, by Output Power

8.1.1. <1 HP

8.1.1.1. Market Revenue and Forecast

8.1.2. >1 HP

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Electric Motors Market, By Rotor Type 

9.1. Electric Motors Market, by Rotor Type

9.1.1. Outer Rotor

9.1.1.1. Market Revenue and Forecast

9.1.2. Inner Rotor

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Electric Motors Market, By End-User Type 

10.1. Electric Motors Market, by End-User Type

10.1.1. Industrial

10.1.1.1. Market Revenue and Forecast

10.1.2. Residential

10.1.2.1. Market Revenue and Forecast

10.1.3. Commercial

10.1.3.1. Market Revenue and Forecast

10.1.4. Agriculture

10.1.4.1. Market Revenue and Forecast

10.1.5. Transportation

10.1.5.1. Market Revenue and Forecast

Chapter 11. Global Electric Motors Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type

11.1.2. Market Revenue and Forecast, by Output Power

11.1.3. Market Revenue and Forecast, by Rotor Type

11.1.4. Market Revenue and Forecast, by End-User Type

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Type

11.1.5.2. Market Revenue and Forecast, by Output Power

11.1.5.3. Market Revenue and Forecast, by Rotor Type

11.1.5.4. Market Revenue and Forecast, by End-User Type

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Type

11.1.6.2. Market Revenue and Forecast, by Output Power

11.1.6.3. Market Revenue and Forecast, by Rotor Type

11.1.6.4. Market Revenue and Forecast, by End-User Type

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type

11.2.2. Market Revenue and Forecast, by Output Power

11.2.3. Market Revenue and Forecast, by Rotor Type

11.2.4. Market Revenue and Forecast, by End-User Type

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Type

11.2.5.2. Market Revenue and Forecast, by Output Power

11.2.5.3. Market Revenue and Forecast, by Rotor Type

11.2.5.4. Market Revenue and Forecast, by End-User Type

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Type

11.2.6.2. Market Revenue and Forecast, by Output Power

11.2.6.3. Market Revenue and Forecast, by Rotor Type

11.2.6.4. Market Revenue and Forecast, by End-User Type

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Type

11.2.7.2. Market Revenue and Forecast, by Output Power

11.2.7.3. Market Revenue and Forecast, by Rotor Type

11.2.7.4. Market Revenue and Forecast, by End-User Type

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Type

11.2.8.2. Market Revenue and Forecast, by Output Power

11.2.8.3. Market Revenue and Forecast, by Rotor Type

11.2.8.4. Market Revenue and Forecast, by End-User Type

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type

11.3.2. Market Revenue and Forecast, by Output Power

11.3.3. Market Revenue and Forecast, by Rotor Type

11.3.4. Market Revenue and Forecast, by End-User Type

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Type

11.3.5.2. Market Revenue and Forecast, by Output Power

11.3.5.3. Market Revenue and Forecast, by Rotor Type

11.3.5.4. Market Revenue and Forecast, by End-User Type

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Type

11.3.6.2. Market Revenue and Forecast, by Output Power

11.3.6.3. Market Revenue and Forecast, by Rotor Type

11.3.6.4. Market Revenue and Forecast, by End-User Type

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Type

11.3.7.2. Market Revenue and Forecast, by Output Power

11.3.7.3. Market Revenue and Forecast, by Rotor Type

11.3.7.4. Market Revenue and Forecast, by End-User Type

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Type

11.3.8.2. Market Revenue and Forecast, by Output Power

11.3.8.3. Market Revenue and Forecast, by Rotor Type

11.3.8.4. Market Revenue and Forecast, by End-User Type

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type

11.4.2. Market Revenue and Forecast, by Output Power

11.4.3. Market Revenue and Forecast, by Rotor Type

11.4.4. Market Revenue and Forecast, by End-User Type

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Type

11.4.5.2. Market Revenue and Forecast, by Output Power

11.4.5.3. Market Revenue and Forecast, by Rotor Type

11.4.5.4. Market Revenue and Forecast, by End-User Type

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Type

11.4.6.2. Market Revenue and Forecast, by Output Power

11.4.6.3. Market Revenue and Forecast, by Rotor Type

11.4.6.4. Market Revenue and Forecast, by End-User Type

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Type

11.4.7.2. Market Revenue and Forecast, by Output Power

11.4.7.3. Market Revenue and Forecast, by Rotor Type

11.4.7.4. Market Revenue and Forecast, by End-User Type

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Type

11.4.8.2. Market Revenue and Forecast, by Output Power

11.4.8.3. Market Revenue and Forecast, by Rotor Type

11.4.8.4. Market Revenue and Forecast, by End-User Type

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type

11.5.2. Market Revenue and Forecast, by Output Power

11.5.3. Market Revenue and Forecast, by Rotor Type

11.5.4. Market Revenue and Forecast, by End-User Type

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Type

11.5.5.2. Market Revenue and Forecast, by Output Power

11.5.5.3. Market Revenue and Forecast, by Rotor Type

11.5.5.4. Market Revenue and Forecast, by End-User Type

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Type

11.5.6.2. Market Revenue and Forecast, by Output Power

11.5.6.3. Market Revenue and Forecast, by Rotor Type

11.5.6.4. Market Revenue and Forecast, by End-User Type

Chapter 12. Company Profiles

12.1. ABB Group

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. General Electric

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. ARC Systems, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Asmo Co., Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Nidec Motor Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. DENSO

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. WEG

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Emerson Electric

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Toshiba Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Hitachi

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Bosch

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The major players operating in the electric motor market are ABB Group, General Electric, Siemens AG, ARC Systems, Inc., Rockwell Automation, Inc., Asmo Co., Ltd., Nidec Motor Corporation, DENSO, WEG, Emerson Electric, Toshiba Corporation, Hitachi, Bosch, Maxon Motors AG, Regal Beloit Corporation, AMETEK.Inc., Johnson Electric Holdings Limited

The electric motor market size was valued at USD 167.73 billion in 2024 and is anticipated to hit USD 341.72 billion by 2034.

The electric motor market is growing at a compound annual growth rate (CAGR) of 7.38% from 2025 to 2034.

The end user of electric motor market are industrial, residential, commercial, agriculture, and transportation.

The Asia Pacific is predicted to lead electric motor market in near future.

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