Global Electric Motor Market Growth (Status and Outlook) 2023-2029

An electric motor is an electrical machine that converts electrical energyinto mechanical energy. An electric generator operates in the reverse direction, converting mechanical energy into electrical energy.

LPI (LP Information)' newest research report, the “Electric Motor Industry Forecast” looks at past sales and reviews total world Electric Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Motor sales for 2023 through 2029. With Electric Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Motor industry.

This Insight Report provides a comprehensive analysis of the global Electric Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Motor.

The global Electric Motor market size is projected to grow from US$ 131340 million in 2022 to US$ 170960 million in 2029; it is expected to grow at a CAGR of 3.8% from 2023 to 2029.

China is the major region of the global market, which takes about 30% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Motor market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    AC Motor
    DC Motor
    Hermetic Motor
    Micro Motors

Segmentation by application
    Industrial Machinery
    Motor Vehicle
    HVAC Equipment
    Aerospace & Transportation
    Household Appliances
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Nidec
    Siemens
    ABB
    Denso
    Hitachi
    Regal Beloit
    GE
    Bosch
    Emerson
    Rockwell Automation
    Toshiba
    Franklin Electric
    Johnson Electric
    Broad-Ocean
    Ametek
    Allied Motion

List of Tables
    Table 1. Electric Motor Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of AC Motor
    Table 3. Major Players of DC Motor
    Table 4. Major Players of Hermetic Motor
    Table 5. Major Players of Micro Motors
    Table 6. Electric Motor Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 7. Global Electric Motor Market Size by Type (2018-2023) & ($ Millions)
    Table 8. Global Electric Motor Market Size Market Share by Type (2018-2023)
    Table 9. Electric Motor Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 10. Global Electric Motor Market Size by Application (2018-2023) & ($ Millions)
    Table 11. Global Electric Motor Market Size Market Share by Application (2018-2023)
    Table 12. Global Electric Motor Revenue by Players (2018-2023) & ($ Millions)
    Table 13. Global Electric Motor Revenue Market Share by Player (2018-2023)
    Table 14. Electric Motor Key Players Head office and Products Offered
    Table 15. Electric Motor Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 16. New Products and Potential Entrants
    Table 17. Mergers & Acquisitions, Expansion
    Table 18. Global Electric Motor Market Size by Regions 2018-2023 & ($ Millions)
    Table 19. Global Electric Motor Market Size Market Share by Regions (2018-2023)
    Table 20. Global Electric Motor Revenue by Country/Region (2018-2023) & ($ millions)
    Table 21. Global Electric Motor Revenue Market Share by Country/Region (2018-2023)
    Table 22. Americas Electric Motor Market Size by Country (2018-2023) & ($ Millions)
    Table 23. Americas Electric Motor Market Size Market Share by Country (2018-2023)
    Table 24. Americas Electric Motor Market Size by Type (2018-2023) & ($ Millions)
    Table 25. Americas Electric Motor Market Size Market Share by Type (2018-2023)
    Table 26. Americas Electric Motor Market Size by Application (2018-2023) & ($ Millions)
    Table 27. Americas Electric Motor Market Size Market Share by Application (2018-2023)
    Table 28. APAC Electric Motor Market Size by Region (2018-2023) & ($ Millions)
    Table 29. APAC Electric Motor Market Size Market Share by Region (2018-2023)
    Table 30. APAC Electric Motor Market Size by Type (2018-2023) & ($ Millions)
    Table 31. APAC Electric Motor Market Size Market Share by Type (2018-2023)
    Table 32. APAC Electric Motor Market Size by Application (2018-2023) & ($ Millions)
    Table 33. APAC Electric Motor Market Size Market Share by Application (2018-2023)
    Table 34. Europe Electric Motor Market Size by Country (2018-2023) & ($ Millions)
    Table 35. Europe Electric Motor Market Size Market Share by Country (2018-2023)
    Table 36. Europe Electric Motor Market Size by Type (2018-2023) & ($ Millions)
    Table 37. Europe Electric Motor Market Size Market Share by Type (2018-2023)
    Table 38. Europe Electric Motor Market Size by Application (2018-2023) & ($ Millions)
    Table 39. Europe Electric Motor Market Size Market Share by Application (2018-2023)
    Table 40. Middle East & Africa Electric Motor Market Size by Region (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Electric Motor Market Size Market Share by Region (2018-2023)
    Table 42. Middle East & Africa Electric Motor Market Size by Type (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Electric Motor Market Size Market Share by Type (2018-2023)
    Table 44. Middle East & Africa Electric Motor Market Size by Application (2018-2023) & ($ Millions)
    Table 45. Middle East & Africa Electric Motor Market Size Market Share by Application (2018-2023)
    Table 46. Key Market Drivers & Growth Opportunities of Electric Motor
    Table 47. Key Market Challenges & Risks of Electric Motor
    Table 48. Key Industry Trends of Electric Motor
    Table 49. Global Electric Motor Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 50. Global Electric Motor Market Size Market Share Forecast by Regions (2024-2029)
    Table 51. Global Electric Motor Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 52. Global Electric Motor Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 53. Nidec Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 54. Nidec Electric Motor Product Offered
    Table 55. Nidec Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 56. Nidec Main Business
    Table 57. Nidec Latest Developments
    Table 58. Siemens Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 59. Siemens Electric Motor Product Offered
    Table 60. Siemens Main Business
    Table 61. Siemens Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 62. Siemens Latest Developments
    Table 63. ABB Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 64. ABB Electric Motor Product Offered
    Table 65. ABB Main Business
    Table 66. ABB Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 67. ABB Latest Developments
    Table 68. Denso Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 69. Denso Electric Motor Product Offered
    Table 70. Denso Main Business
    Table 71. Denso Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 72. Denso Latest Developments
    Table 73. Hitachi Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 74. Hitachi Electric Motor Product Offered
    Table 75. Hitachi Main Business
    Table 76. Hitachi Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 77. Hitachi Latest Developments
    Table 78. Regal Beloit Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 79. Regal Beloit Electric Motor Product Offered
    Table 80. Regal Beloit Main Business
    Table 81. Regal Beloit Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 82. Regal Beloit Latest Developments
    Table 83. GE Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 84. GE Electric Motor Product Offered
    Table 85. GE Main Business
    Table 86. GE Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 87. GE Latest Developments
    Table 88. Bosch Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 89. Bosch Electric Motor Product Offered
    Table 90. Bosch Main Business
    Table 91. Bosch Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 92. Bosch Latest Developments
    Table 93. Emerson Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 94. Emerson Electric Motor Product Offered
    Table 95. Emerson Main Business
    Table 96. Emerson Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 97. Emerson Latest Developments
    Table 98. Rockwell Automation Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 99. Rockwell Automation Electric Motor Product Offered
    Table 100. Rockwell Automation Main Business
    Table 101. Rockwell Automation Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 102. Rockwell Automation Latest Developments
    Table 103. Toshiba Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 104. Toshiba Electric Motor Product Offered
    Table 105. Toshiba Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 106. Toshiba Main Business
    Table 107. Toshiba Latest Developments
    Table 108. Franklin Electric Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 109. Franklin Electric Electric Motor Product Offered
    Table 110. Franklin Electric Main Business
    Table 111. Franklin Electric Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 112. Franklin Electric Latest Developments
    Table 113. Johnson Electric Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 114. Johnson Electric Electric Motor Product Offered
    Table 115. Johnson Electric Main Business
    Table 116. Johnson Electric Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 117. Johnson Electric Latest Developments
    Table 118. Broad-Ocean Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 119. Broad-Ocean Electric Motor Product Offered
    Table 120. Broad-Ocean Main Business
    Table 121. Broad-Ocean Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 122. Broad-Ocean Latest Developments
    Table 123. Ametek Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 124. Ametek Electric Motor Product Offered
    Table 125. Ametek Main Business
    Table 126. Ametek Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 127. Ametek Latest Developments
    Table 128. Allied Motion Details, Company Type, Electric Motor Area Served and Its Competitors
    Table 129. Allied Motion Electric Motor Product Offered
    Table 130. Allied Motion Main Business
    Table 131. Allied Motion Electric Motor Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 132. Allied Motion Latest Developments
List of Figures
    Figure 1. Electric Motor Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Electric Motor Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Electric Motor Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Electric Motor Sales Market Share by Country/Region (2022)
    Figure 8. Electric Motor Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Electric Motor Market Size Market Share by Type in 2022
    Figure 10. Electric Motor in Industrial Machinery
    Figure 11. Global Electric Motor Market: Industrial Machinery (2018-2023) & ($ Millions)
    Figure 12. Electric Motor in Motor Vehicle
    Figure 13. Global Electric Motor Market: Motor Vehicle (2018-2023) & ($ Millions)
    Figure 14. Electric Motor in HVAC Equipment
    Figure 15. Global Electric Motor Market: HVAC Equipment (2018-2023) & ($ Millions)
    Figure 16. Electric Motor in Aerospace & Transportation
    Figure 17. Global Electric Motor Market: Aerospace & Transportation (2018-2023) & ($ Millions)
    Figure 18. Electric Motor in Household Appliances
    Figure 19. Global Electric Motor Market: Household Appliances (2018-2023) & ($ Millions)
    Figure 20. Electric Motor in Others
    Figure 21. Global Electric Motor Market: Others (2018-2023) & ($ Millions)
    Figure 22. Global Electric Motor Market Size Market Share by Application in 2022
    Figure 23. Global Electric Motor Revenue Market Share by Player in 2022
    Figure 24. Global Electric Motor Market Size Market Share by Regions (2018-2023)
    Figure 25. Americas Electric Motor Market Size 2018-2023 ($ Millions)
    Figure 26. APAC Electric Motor Market Size 2018-2023 ($ Millions)
    Figure 27. Europe Electric Motor Market Size 2018-2023 ($ Millions)
    Figure 28. Middle East & Africa Electric Motor Market Size 2018-2023 ($ Millions)
    Figure 29. Americas Electric Motor Value Market Share by Country in 2022
    Figure 30. United States Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 31. Canada Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Mexico Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Brazil Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 34. APAC Electric Motor Market Size Market Share by Region in 2022
    Figure 35. APAC Electric Motor Market Size Market Share by Type in 2022
    Figure 36. APAC Electric Motor Market Size Market Share by Application in 2022
    Figure 37. China Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 38. Japan Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 39. Korea Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 40. Southeast Asia Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 41. India Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 42. Australia Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Europe Electric Motor Market Size Market Share by Country in 2022
    Figure 44. Europe Electric Motor Market Size Market Share by Type (2018-2023)
    Figure 45. Europe Electric Motor Market Size Market Share by Application (2018-2023)
    Figure 46. Germany Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 47. France Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 48. UK Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 49. Italy Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 50. Russia Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Middle East & Africa Electric Motor Market Size Market Share by Region (2018-2023)
    Figure 52. Middle East & Africa Electric Motor Market Size Market Share by Type (2018-2023)
    Figure 53. Middle East & Africa Electric Motor Market Size Market Share by Application (2018-2023)
    Figure 54. Egypt Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 55. South Africa Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 56. Israel Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 57. Turkey Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 58. GCC Country Electric Motor Market Size Growth 2018-2023 ($ Millions)
    Figure 59. Americas Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 60. APAC Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 61. Europe Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 62. Middle East & Africa Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 63. United States Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 64. Canada Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 65. Mexico Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 66. Brazil Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 67. China Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 68. Japan Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 69. Korea Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 70. Southeast Asia Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 71. India Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 72. Australia Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 73. Germany Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 74. France Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 75. UK Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 76. Italy Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 77. Russia Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 78. Spain Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 79. Egypt Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 80. South Africa Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 81. Israel Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 82. Turkey Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 83. GCC Countries Electric Motor Market Size 2024-2029 ($ Millions)
    Figure 84. Global Electric Motor Market Size Market Share Forecast by Type (2024-2029)
    Figure 85. Global Electric Motor Market Size Market Share Forecast by Application (2024-2029)

Nidec
Siemens
ABB
Denso
Hitachi
Regal Beloit
GE
Bosch
Emerson
Rockwell Automation
Toshiba
Franklin Electric
Johnson Electric
Broad-Ocean
Ametek
Allied Motion

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape