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Press Release:

Global Electric Motor Market Influenced by the Surging Demand for Hybrid and Electric Vehicles

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Electric Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electric motor market size reached US$ 108.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 140.85 Billion by 2027, exhibiting at a growth rate (CAGR) of 4.25% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Electric motors are electro-mechanical devices which work on the principle of electromagnetic induction. They are durable and highly efficient, require low maintenance, consume less energy, and have high endurance for fluctuating voltages. In addition, electric motors cost considerably lower than a fossil-fuel engine. Owing to this, electric motors find applications in diverse industries ranging from automobiles to oil and gas, where they are installed in industrial fans, machine tools, compressors, electric cars, domestic appliances, hard disk drives, etc. 

 

 
 

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Electric Motor Industry Drivers:

There are several factors currently driving the electric motor market growth globally. Expansion in industrial automation along with advancements in technology is the major growth-inducing factor of the market. Moreover, the trend of replacing gas turbines with electric motors in large industrial plants is propelling their demand. Further, the growth of the market is gaining traction owing to the increasing demand for vehicles supported by improving standards of living and rising purchasing power of the consumers. Additionally, government initiatives aimed to boost the sales of electric vehicles so as to reduce carbon emissions is expected to fuel the electric motor market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electric motor market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on motor type, voltage, rated power, magnet type, weight, speed and application.

Breakup by Motor Type:

 

 
 

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  • AC Motor 
    • Induction AC Motor
    • Synchronous AC Motor
  • DC Motor
    • Brushed DC Motor
    • Brushless DC Motor
  • Others
     

Based on motor type, the market has been bifurcated into AC and DC motors, wherein AC motors holds the largest share. The AC motors segment is further divided into induction and synchronous AC motors, whereas the DC motors segment is segregated into brushed and brushless DC motors.

Breakup by Voltage:

  • Low Voltage Electric Motors
  • Medium Voltage Electric Motors
  • High Voltage Electric Motors
     

On the basis of voltage, low voltage electric motors account for majority of the total global market, followed by medium and high voltage electric motors.

Breakup by Rated Power:

  • Fractional Horsepower Motors
    • Fractional Horsepower (< 1/8) Motors
    • Fractional Horsepower (1/8 - 1/2) Motors
    • Fractional Horsepower (1/2 - 1) Motors
  • Integral Horsepower Motors
    • Integral Horsepower (1 - 5) Motors
    • Integral Horsepower (10 - 50) Motors
    • Integral Horsepower (50 - 100) Motors
    • Integral Horsepower (>100) Motors
       

The market has also been segmented on the basis of rated power into fractional horsepower and integral horsepower electric motors. Amongst these, fractional horsepower electric motors dominate the market. Based on fractional horsepower, the market has been segregated into fractional horsepower (< 1/8) motors, fractional horsepower (1/8 – 1/2) motors and fractional horsepower (1/2 – 1) motors. Amongst these, fractional horsepower (1/8 – 1/2) motors dominates the market. On the basis of integral horsepower, electric motors with integral horsepower between 1 – 5 hold the largest share. They are followed by motors with horsepower in the range 10 – 50, 50 – 100 and > 100.

Breakup by Magnet Type:

  • Ferrite
  • Neodymium (NdFeB)
  • Samarium Cobalt (SmCo5 and Sm2Co17)
     

Based on magnet type, ferrite magnets represent the leading segment. They are followed by NdFeB and SmCo magnets.

Breakup by Weight:

  • Low Weight Motors
  • Medium Weight Motors
  • High Weight Motors
     

On the basis of weight, low weight motors hold the largest share, followed by medium and high weight motors.

Breakup by Speed:

  • Ultra-High-Speed Motors
  • High-Speed Motors
  • Medium Speed Motors
  • Low Speed Motors
     

The market has also been divided on the basis of speed into high speed, ultra-high speed, medium speed and low speed electric motors. Currently, high speed electric motors hold the biggest share.

Breakup by Application:

  • Industrial Machinery
  • HVAC
  • Transportation
  • Household Appliances
  • Motor Vehicles
  • Aerospace
  • Marine
  • Robotics
  • Others
     

Industrial machinery is the leading application sector, accounting for majority of the total global market. It is followed by HVAC, transportation, household appliances, motor vehicles, aerospace, marine and robotics.

Breakup by Region:

 

 
 

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  • Asia-Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the leading market, accounting for majority of the market share.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being

  • ABB Group
  • Siemens Ag
  • WEG SA
  • TECO
  • Regal Beloit Corporation 
  • Nidec Corporation


This report provides a deep insight into the global electric motor market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the electric motor industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Motor Type, Voltage, Rated Power, Magnet Type, Weight, Speed, Applications, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered ABB Group, Siemens Ag, WEG SA, TECO, Regal Beloit Corporation and Nidec Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 2499
Five User License $ 3499
Corporate License $ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Electric Motor Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Motor Type
    5.5    Market Breakup by Voltage
    5.6    Market Breakup by Rated Power
    5.7    Market Breakup by Magnet Type
    5.8    Market Breakup by Region
    5.9    Market Breakup by Weight
    5.10    Market Breakup by Speed
    5.11    Market Breakup by Application
    5.12    Market Forecast
6   Market Performance by Motor Type
    6.1    AC Motor 
        6.1.1    Current and Historical Market Trends
        6.1.2    Market Breakup by Type
            6.1.2.1    Induction AC Motor
                6.1.2.1.1 Market Trends
                6.1.2.1.2 Market Forecast
            6.1.2.2    Synchronous AC Motor
                6.1.2.2.1 Market Trends
                6.1.2.2.2 Market Forecast
        6.1.3    Market Forecast
    6.2    DC Motor 
        6.2.1    Current and Historical Market Trends
        6.2.2    Market Breakup by Type
            6.2.2.1    Brushed DC Motor
                6.2.2.1.1 Market Trends
                6.2.2.1.2 Market Forecast
            6.2.2.2    Brushless DC Motor
                6.2.2.2.1 Market Trends
                6.2.2.2.2 Market Forecast
        6.2.3    Market Forecast
    6.3   Others
            6.3.1    Current and Historical Market Trends
            6.3.2    Market Forecast
7   Market Performance by Voltage
    7.1    Low Voltage Electric Motors
            7.1.1    Current and Historical Market Trends
            7.1.2    Market Forecast
    7.2    Medium Voltage Electric Motors
            7.2.1    Current and Historical Market Trends
            7.2.2    Market Forecast
    7.3    High Voltage Electric Motors
            7.3.1    Current and Historical Market Trends
            7.3.2    Market Forecast
8   Market Performance by Rated Power
    8.1    Fractional Horsepower Motors
            8.1.1    Current and Historical Market Trends
            8.1.2    Market Forecast
    8.2    Integral Horsepower Motors
            8.2.1    Current and Historical Market Trends
            8.2.2    Market Forecast
9   Market Performance by Fractional Horsepower
    9.1    Fractional Horsepower (< 1/8) Motors
            9.1.1    Current and Historical Market Trends
            9.1.2    Market Forecast
    9.2    Fractional Horsepower (1/8 - 1/2) Motors
            9.2.1    Current and Historical Market Trends
            9.2.2    Market Forecast
    9.3    Fractional Horsepower (1/2 - 1) Motors
            9.3.1    Current and Historical Market Trends
            9.3.2    Market Forecast
10   Market Performance by Integral Horsepower
    10.1    Integral Horsepower (1 - 5) Motors
            10.1.1 Current and Historical Market Trends
            10.1.2 Market Forecast
    10.2    Integral Horsepower (10 - 50) Motors
            10.2.1 Current and Historical Market Trends
            10.2.2 Market Forecast
    10.3    Integral Horsepower (50 - 100) Motors
            10.3.1 Current and Historical Market Trends
            10.3.2 Market Forecast
    10.4    Integral Horsepower (>100) Motors
            10.4.1 Current and Historical Market Trends
            10.4.2 Market Forecast
11   Market Performance by Magnet Type
    11.1    Ferrite
    11.2    Neodymium (NdFeB)
    11.3    Samarium Cobalt (SmCo5 and Sm2Co17)
12   Market Performance by Region
    12.1    Asia-Pacific
        12.1.1    Current and Historical Market Trends
        12.1.2    Market Forecast
    12.2    North America
        12.2.1    Current and Historical Market Trends
        12.2.2    Market Forecast
    12.3    Europe
        12.3.1    Current and Historical Market Trends
        12.3.2    Market Forecast
    12.4    Middle East and Africa
        12.4.1    Current and Historical Market Trends
        12.4.2    Market Forecast
    12.5    Latin America
        12.5.1    Current and Historical Market Trends
        12.5.2    Market Forecast
13   Market Performance by Weight
    13.1    Low Weight Motors
        13.1.1    Current and Historical Market Trends
        13.1.2    Market Forecast
    13.2    Medium Weight Motors
        13.2.1    Current and Historical Market Trends
        13.2.2    Market Forecast
    13.3    High Weight Motors
        13.3.1    Current and Historical Market Trends
        13.3.2    Market Forecast
14   Market Performance by Speed
    14.1    Ultra-High-Speed Motors
        14.1.1    Current and Historical Market Trends
        14.1.2    Market Forecast
    14.2    High-Speed Motors
        14.2.1    Current and Historical Market Trends
        14.2.2    Market Forecast
    14.3    Medium Speed Motors
        14.3.1    Current and Historical Market Trends
        14.3.2    Market Forecast
    14.4    Low Speed Motors
        14.4.1    Current and Historical Market Trends
        14.4.2    Market Forecast
15   Market Performance by Applications
    15.1    Industrial Machinery
        15.1.1    Current and Historical Market Trends
        15.1.2    Market Forecast
    15.2    HVAC
        15.2.1    Current and Historical Market Trends
        15.2.2    Market Forecast
    15.3    Transportation
        15.3.1    Current and Historical Market Trends
        15.3.2    Market Forecast
    15.4    Household Appliances
        15.4.1    Current and Historical Market Trends
        15.4.2    Market Forecast
    15.5    Motor Vehicles
        15.5.1    Current and Historical Market Trends
        15.5.2    Market Forecast
    15.6    Aerospace
        15.6.1    Current and Historical Market Trends
        15.6.2    Market Forecast
    15.7    Marine
        15.7.1    Current and Historical Market Trends
        15.7.2    Market Forecast
    15.8    Robotics
        15.8.1    Current and Historical Market Trends
        15.8.2    Market Forecast
    15.9    Others
        15.9.1    Current and Historical Market Trends
        15.9.2    Market Forecast
16   Competitive Landscape
    16.1    Market Structure
    16.2    Market Breakup by Key Players
17   Key Players Profiles
    17.1    ABB Group
        17.1.1    Company Overview
        17.1.2    Company Description
        17.1.3    Product Portfolio
        17.1.4    Financials
        17.1.5    Key Contacts
    17.2    Siemens Ag
        17.2.1    Company Overview
        17.2.2    Company Description
        17.2.3    Operations
        17.2.4    Product Portfolio
        17.2.5    Geographic Reach
        17.2.6    Sales and Marketing
        17.2.7    Strategy
        17.2.8    Mergers and Acquisitions
        17.2.9    SWOT Analysis
        17.2.10    Financials
        17.2.11    Key Contacts
    17.3    WEG SA
        17.3.1    Company Overview
        17.3.2    Company Description
        17.3.3    Product Portfolio
        17.3.4    Financials
        17.3.5    Key Contacts
    17.4    TECO 
        17.4.1    Company Overview
        17.4.2    Company Description
        17.4.3    Product Portfolio
        17.4.4    Financials
        17.4.5    Key Contacts
    17.5    Regal Beloit Corporation
        17.5.1    Company Overview
        17.5.2    Company Description
        17.5.3    Product Portfolio
        17.5.4    Operations
        17.5.5    Geographic Reach
        17.5.6    Sales and Marketing
        17.5.7    Strategy
        17.5.8    Mergers and Acquisitions
        17.5.9    Financials
        17.5.10    Key Contacts
    17.6    Nidec Corporation
        17.6.1    Company Overview
        17.6.2    Company Description
        17.6.3    Product Portfolio
        17.6.4    Geographic Reach
        17.6.5    Strategy
        17.6.6    SWOT Analysis
        17.6.7    Financials
        17.6.8    Key Contacts
 
List of Figures

Figure 1: Global: Electric Motors Industry: Major Drivers and Challenges
Figure 2: Global: Electric Motors Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Electric Motors Market: Breakup by Motor Type (in %), 2021
Figure 4: Global: Electric Motors Market: Breakup by Voltage (in %), 2021
Figure 5: Global: Electric Motors Market: Breakup by Rated Power (in %), 2021
Figure 6: Global: Fractional Horsepower Electric Motors Market: Breakup by Rated Power (in %), 2021
Figure 7: Global: Integral Horsepower Electric Motors Market: Breakup by Rated Power (in %), 2021
Figure 8: Global: Electric Motors Market: Breakup by Magnet Type (in %), 2021
Figure 9: Global: Electric Motors Market: Breakup by Region (in %), 2021
Figure 10: Global: Electric Motors Market: Breakup by Weight (in %), 2021
Figure 11: Global: Electric Motors Market: Breakup by Speed (in %), 2021
Figure 12: Global: Electric Motors Market: Breakup by Applications (in %), 2021
Figure 13: Global: Electric Motors Market Forecast: Sales Value (in US$ Billion), 2022-2027
Figure 14: Global: AC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: AC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Induction AC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Induction AC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Synchronous AC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Synchronous AC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: DC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: DC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Brushed DC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Brushed DC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Brushless DC Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Brushless DC Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Other Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Other Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Low Voltage Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Low Voltage Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Medium Voltage Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Medium Voltage Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: High Voltage Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: High Voltage Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Electric Motors (with Fractional Horsepower) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Electric Motors (with Fractional Horsepower) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Electric Motors (with Integral Horsepower) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Electric Motor (with Integral Horsepower) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Electric Motors (Fractional Horsepower < 1/8) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Electric Motors (Fractional Horsepower < 1/8) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Electric Motors (Fractional Horsepower 1/8-1/2) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Electric Motors (Fractional Horsepower 1/8-1/2) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Electric Motors (Fractional Horsepower 1/2-1) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Electric Motors (Fractional Horsepower 1/2-1) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Electric Motors (Integral Horsepower 1 - 5) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Electric Motors (Integral Horsepower 1 - 5) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Electric Motors (Integral Horsepower 10 - 50) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Electric Motors (Integral Horsepower 10 - 50) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Electric Motors (Integral Horsepower 50 - 100) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Electric Motors (Integral Horsepower 50 - 100) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Electric Motors (Integral Horsepower >100) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Electric Motors (Integral Horsepower >100) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia-Pacific: Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia-Pacific: Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: North America: Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: North America: Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Middle East and Africa: Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Middle East and Africa: Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Global: Low Weight Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Global: Low Weight Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Global: Medium Weight Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Global: Medium Weight Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Global: High Weight Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Global: High Weight Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Ultra-High-Speed Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Global: Ultra-High-Speed Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Global: High-Speed Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Global: High-Speed Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Medium Speed Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Global: Medium Speed Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Low Speed Electric Motor Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Global: Low Speed Electric Motor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Electric Motor Market (Applications in Industrial Machinery): Sales Value (in Million US$), 2016 & 2021
Figure 77: Global: Electric Motor Market (Applications in Industrial Machinery) Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Electric Motor Market (Applications in HVAC): Sales Value (in Million US$), 2016 & 2021
Figure 79: Global: Electric Motor Market (Applications in HVAC) Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Electric Motor Market (Applications in Transportation): Sales Value (in Million US$), 2016 & 2021
Figure 81: Global: Electric Motor Market (Applications in Transportation) Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Global: Electric Motor Market (Applications in Household Appliances): Sales Value (in Million US$), 2016 & 2021
Figure 83: Global: Electric Motor Market (Applications in Household Appliances) Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Electric Motor Market (Applications in Motor Vehicles): Sales Value (in Million US$), 2016 & 2021
Figure 85: Global: Electric Motor Market (Applications in Motor Vehicles) Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Electric Motor Market (Applications in Aerospace Sector): Sales Value (in Million US$), 2016 & 2021
Figure 87: Global: Electric Motor Market (Applications in Aerospace Sector) Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Electric Motor Market (Applications in Marine Sector): Sales Value (in Million US$), 2016 & 2021
Figure 89: Global: Electric Motor Market (Applications in Marine Sector) Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Electric Motor Market (Applications in Robotics): Sales Value (in Million US$), 2016 & 2021
Figure 91: Global: Electric Motor Market (Applications in Robotics) Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Electric Motor Market (Other Applications): Sales Value (in Million US$), 2016 & 2021
Figure 93: Global: Electric Motor Market (Other Applications) Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Electric Motor Market: Breakup by Key Players (% by Revenues)
Figure 95: Siemens AG: SWOT Analysis
Figure 96: Nidec Corporation: SWOT Analysis
 
List of Tables

Table 1: Global: Electric Motor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric Motor Market Forecast: Breakup by Motor Type (in Million US$), 2022-2027
Table 3: Global: Electric Motor Market Forecast: Breakup by Voltage (in Million US$), 2022-2027
Table 4: Global: Electric Motor Market Forecast: Breakup by Rated Power (in Million US$), 2022-2027
Table 5: Global: Electric Motor Market Forecast: Breakup by Fractional Horsepower (in Million US$), 2022-2027
Table 6: Global: Electric Motor Market Forecast: Breakup by Integral Horsepower (in Million US$), 2022-2027
Table 7: Global: Electric Motor Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Electric Motor Market Forecast: Breakup by Weight (in Million US$), 2022-2027
Table 9: Global: Electric Motor Market Forecast: Breakup by Speed (in Million US$), 2022-2027
Table 10: Global: Electric Motor Market Forecast: Breakup by Applications (in Million US$), 2022-2027
Table 11: Global: Electric Motor Market: Competitive Landscape
Table 12: ABB Group: Product Portfolio (Motors Segment)
Table 13: ABB Ltd.: Key Financials (in Million US$), 2014-2018
Table 14: ABB Group: Key Contacts
Table 15: Siemens Ag: Product Portfolio (Motors Segment)
Table 16: Siemens: Key Financials (in Million US$), 2014-2018
Table 17: Siemens Ag: Key Contacts
Table 18: WEG SA: Product Portfolio (Motors Segment)
Table 19: WEG SA: Key Financials (in Million US$), 2014-2018
Table 20: WEG SA: Key Contacts
Table 21: TECO: Product Portfolio (Motors Segment)
Table 22: TECO: Key Financials (in Million US$), 2014-2018
Table 23: TECO: Key Contacts
Table 24: Regal Beloit Corporation: Product Portfolio (Motors Segment)
Table 25: Regal Beloit Corporation: Key Financials (in US$ Million), 2014-2018
Table 26: Regal Beloit Corporation: Key Contacts
Table 27: Nidec Corporation: Product Portfolio (Motors Segment)
Table 28: Nidec Corporation: Key Financials (in US$ Million), 2014-2018
Table 29: Nidec Corporation: Key Contacts


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Key Questions Answered in This Report

The global electric motor market was worth around US$ 108.8 Billion in 2021.

We expect the global electric motor market to exhibit a CAGR of 4.25% during 2022-2027.

The increasing penetration of automation trends in several industrial applications, represents one of the
key factors driving the global electric motor market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of various manufacturing units for
electric motors.

Based on the motor type, the global electric motor market can be bifurcated into AC motor, DC motor,
and others. Currently, AC motor accounts for the majority of the total market share.

Based on the voltage, the global electric motor market has been segmented into low voltage electric
motors, medium voltage electric motors, and high voltage electric motors. Among these, low voltage
electric motors currently exhibit a clear dominance in the market.

Based on the rated power, the global electric motor market can be categorized into fractional
horsepower motors and integral horsepower motors. Currently, fractional horsepower motors hold the
majority of the global market share.

Based on the magnet type, the global electric motor market has been segregated into ferrite,
Neodymium (NdFeB), and Samarium Cobalt (SmCo5 and Sm2Co17). Among these, ferrite magnet
currently represents the largest market share.

Based on the weight, the global electric motor market can be divided into low weight motors, medium
weight motors, and high weight motors. Currently, low weight motors exhibit a clear dominance in the
market.

Based on the speed, the global electric motor market has been bifurcated into high-speed motors, ultra-
high-speed motors, medium speed motors, and low speed motors. Among these, high-speed motors
currently account for the majority of the total market share.

Based on the application, the global electric motor market can be segmented into industrial machinery,
HVAC, transportation, household appliances, motor vehicles, aerospace, marine, robotics, and others.
Currently, industrial machinery holds the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East
and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global electric motor market include ABB Group, Siemens Ag, WEG SA,
TECO, Regal Beloit Corporation, Nidec Corporation, etc.

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