Featuring market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights, The Business Research Company’s 2026 market reports are built to deliver research that is both more actionable and more strategically valuable.
#Electric Motors Market Set To Climb From $105.8 Billion In 2026 To $122.52 Billion By 2030#_x000D_
The electric motors market has experienced sustained growth in recent times. This market is anticipated to expand from $102.82 billion in 2025 to $105.8 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 2.9%. Historically, this expansion has been driven by increasing industrialization, an expanding automotive sector, greater use of household appliances, advancements in urban infrastructure, and the uptake of conventional motors._x000D_
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The electric motors market is anticipated to experience consistent growth in the upcoming years, with its size projected to reach $122.52 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.7%. This expansion during the forecast period is attributed to the increasing adoption of electric vehicles, a growing demand for energy-efficient motors, the ongoing expansion of smart manufacturing, a rise in renewable energy applications, and continuous advancements in motor automation. Key trends expected over this period include the development of high-efficiency motor designs, the introduction of low-maintenance motor solutions, the miniaturization of electric motors, improved noise reduction and vibration control, and sophisticated thermal management and cooling systems._x000D_
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#Electric Motors Market Expansion Drivers: What’s Shaping Future Growth?#_x000D_
The increasing sales of electric vehicles are projected to drive the expansion of the electric motors market. An electric vehicle (EV) is a type of vehicle that runs either entirely or partly on electricity. The growing widespread use of electric vehicles directly fuels the demand for electric motors to propel them. For instance, in May 2023, the International Energy Agency (IEA), an independent intergovernmental organization based in France, reported that 10 million electric vehicles were sold in 2022, a number that rose to 14 million in 2023. Consequently, the rising demand for electric vehicles (EVs) is expected to propel the growth of the electric motors market into the future._x000D_
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#Electric Motors Market Segmentation And Category Overview#_x000D_
The electric motors market covered in this report is segmented – _x000D_
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1) By Type: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor _x000D_
2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP) _x000D_
3) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace And Transportation, Household Appliances, Other Commercial Applications_x000D_
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Subsegments:_x000D_
1) By Alternate Current (AC) Motor: Synchronous AC Motors, Asynchronous (Induction) AC Motors, Single-Phase AC Motors, Three-Phase AC Motors _x000D_
2) By Direct Current (DC) Motor: Brushed DC Motors, Brushless DC Motors (BLDC), Shunt DC Motors, Series DC Motors, Compound DC Motors _x000D_
3) By Hermetic Motor: Hermetically Sealed Compressor Motors, Hermetically Sealed Refrigeration Motors _x000D_
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#Electric Motors Market Strategic Trends: What Defines The Next Growth Phase?#_x000D_
Leading companies in the electric motors market are dedicating efforts to new electric motors and controllers, such as the RM14530, RM16070, and RM16045 electric motor series, with the goal of enhancing EV performance, range, and efficiency. Electric motors are mechanisms that convert electrical energy into mechanical energy, powering various applications like electric vehicles, appliances, and industrial machinery. Electric controllers manage and regulate the operation of these motors, optimizing their output by controlling parameters such as speed, torque, and power delivery to improve efficiency, reliability, and energy consumption. For instance, in February 2024, Attron Automotive, an India-based company focused on the development and manufacturing of advanced electric motors and controllers for electric vehicles (EVs) and other mobility applications, launched its new electric motors and controllers at the Bharat Mobility Expo 2024, showcasing the RM14530, RM16070, and RM16045 electric motor series and the CTR072500 controller. These innovative products, featuring high-efficiency and integrated IPM PMSM motors, are designed to elevate the performance, range, and acceleration of EVs while simultaneously reducing costs and promoting sustainability in the electric mobility sector._x000D_
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#Electric Motors Market Competitive Analysis Of Leading Industry Participants#_x000D_
Major companies operating in the electric motors market are Asea Brown Boveri (ABB) Ltd., ARC Systems Inc, Asmo Co. Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek Inc., Baldor Electric Company Inc., Allied Motion Technologies Inc., Franklin Electric Co. Inc., Johnson Electric Holdings Limited, Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation, General Electric Company, Nidec Corporation, WEG S.A., Hitachi Ltd., Hyosung Corporation, Danaher Corporation, Teco Electric Machinery & Co., Dr. Fritz Faulhaber GmbH Co. KG, Maxon Motor AG, Mitsubishi Electric, Panasonic, Shandong, Bulher Motor Gmbh, BorgWarner Inc, Continental AG, Schneider Electric SE, Sumitomo Heavy Industries Ltd., Yaskawa Electric Corporation, Zhejiang Founder Motor Co. Ltd., Marathon Electric, Kirloskar Electric Company Limited _x000D_
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#View The Full Electric Motors Market Report:#_x000D_
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#Electric Motors Market Geographic Analysis: Where Is Demand Rising Fastest?#_x000D_
Asia-Pacific was the largest region in the electric motors market in 2025. Western Europe was the second-largest region in the electric motors market. The regions covered in the electric motors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
