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Industrial Motors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global industrial motors market reached a value of US$ 21.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.45 Billion by 2027, exhibiting a CAGR of 4.80% 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.

An industrial motor relies on alternating current (AC) resources, such as power grids or generators, to work efficiently and transform electrical energy into mechanical energy. It is highly efficient as it does not use fuel and requires engine-oil maintenance compared to other electrical devices. In addition, it is highly durable with a long lifespan as an industrial motor contains few moving parts that operate smoothly. As a result, it is used in blowers, industrial fans, machine tools, pumps, power tools, compressors, turbines, rolling mills, alternators, ships, movers, and paper mills.

Industrial Motors Market Trends:

The growing utilization of electric motors in industrial processes and auxiliary systems, such as compressed air generation, ventilation, and water pumping, represents one of the key factors driving the market. Moreover, there is a rise in the demand for alternating current (AC) motors as they are more reliable with low maintenance costs. This, along with the increasing utilization of AC motors in pumps, water heaters, ovens, and off-road motorized and garden equipment, is propelling the growth of the market. In addition, key market players are extensively investing in research and development (R&D) activities to introduce electric motors with a high power-to-weight ratio for reducing energy consumption and resolving portability issues. This, coupled with the growing number of smart manufacturing pilot projects by governments of several countries, is catalyzing the demand for industrial motors. Besides this, the escalating demand for industrial motors that can save energy and reduce operational costs in organizations is contributing to the growth of the market. Furthermore, the rising need for water recycling due to the depletion of water resources across the globe is expected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial motors market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type of motor, voltage and end user.

Breakup by Type of Motor:

  • Alternating Current (AC) Motor
  • Direct Current (DC) Motor
  • Others
     

Breakup by Voltage:

  • Low Voltage
  • Medium Voltage
  • High Voltage
     

Breakup by End User:

  • Oil and Gas
  • Power Generation
  • Mining and Metals
  • Water and Wastewater Management
  • Chemicals and Petrochemicals
  • Discrete Manufacturing
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Brook Crompton, Hitachi Ltd., Johnson Electric Holdings Limited, Menzel Elektromotoren GmbH, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., Siemens AG and Toshiba Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type of Motor, Voltage, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., Brook Crompton, Hitachi Ltd., Johnson Electric Holdings Limited, Menzel Elektromotoren GmbH, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., Siemens AG and Toshiba Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 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)

 

Key Questions Answered in This Report:

  • How has the global industrial motors market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial motors market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type of motor?
  • What is the breakup of the market based on the voltage?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial motors market and who are the key players?
  • What is the degree of competition in the industry?

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 Industrial Motors Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type of Motor
    6.1    Alternating Current (AC) Motor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Direct Current (DC) Motor
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Voltage
    7.1    Low Voltage
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Medium Voltage
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    High Voltage
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Oil and Gas
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Power Generation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Mining and Metals
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Water and Wastewater Management
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Chemicals and Petrochemicals
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Discrete Manufacturing
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB Ltd.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Brook Crompton
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Hitachi Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Johnson Electric Holdings Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Menzel Elektromotoren GmbH
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Nidec Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Regal Rexnord Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Rockwell Automation Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Siemens AG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Toshiba Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials

List of Figures

Figure 1: Global: Industrial Motors Market: Major Drivers and Challenges
Figure 2: Global: Industrial Motors Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Motors Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Motors Market: Breakup by Type of Motor (in %), 2021
Figure 5: Global: Industrial Motors Market: Breakup by Voltage (in %), 2021
Figure 6: Global: Industrial Motors Market: Breakup by End User (in %), 2021
Figure 7: Global: Industrial Motors Market: Breakup by Region (in %), 2021
Figure 8: Global: Industrial Motors (Alternating Current (AC) Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Industrial Motors (Alternating Current (AC) Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Industrial Motors (Direct Current (DC) Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Industrial Motors (Direct Current (DC) Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Industrial Motors (Other Type of Motors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Industrial Motors (Other Type of Motors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial Motors (Low Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Industrial Motors (Low Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial Motors (Medium Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Industrial Motors (Medium Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial Motors (High Voltage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Industrial Motors (High Voltage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial Motors (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Industrial Motors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Motors (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Industrial Motors (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Industrial Motors (Mining and Metals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Industrial Motors (Mining and Metals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Industrial Motors (Water and Wastewater Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Industrial Motors (Water and Wastewater Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Industrial Motors (Chemicals and Petrochemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Industrial Motors (Chemicals and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Industrial Motors (Discrete Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Industrial Motors (Discrete Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Industrial Motors (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Industrial Motors (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Industrial Motors Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Industrial Motors Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Industrial Motors Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Industrial Motors Industry: SWOT Analysis
Figure 84: Global: Industrial Motors Industry: Value Chain Analysis
Figure 85: Global: Industrial Motors Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Industrial Motors Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Industrial Motors Market Forecast: Breakup by Type of Motor (in Million US$), 2022-2027
Table 3: Global: Industrial Motors Market Forecast: Breakup by Voltage (in Million US$), 2022-2027
Table 4: Global: Industrial Motors Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Industrial Motors Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Industrial Motors Market: Competitive Structure
Table 7: Global: Industrial Motors Market: Key Players


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