Electric Motors Market Report 2026

Electric Motors Market Overview

• Electric Motors market size has reached to $102.82 billion in 2025 • Expected to grow to $122.52 billion in 2030 at a compound annual growth rate (CAGR) of 3.7% • Growth Driver: Surge In Electric Vehicle Sales Fuels Growth In The Electric Motors Market • Market Trend: Attron Automotive Unveils High-Efficiency Electric Motors And Controllers For Next-Gen EVs • Asia-Pacific was the largest region in 2025 and Western Europe is the fastest growing region.

What Is Covered Under Electric Motors Market?

The electric motor is defined as an electric machine that converts electrical energy into mechanical energy and supplies power to the devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. The main types of electric motors are alternate current (AC) motor, direct current (DC) motor, and hermetic motor. A hermetic motor contains both the compressor and the motor within a single outer welded steel shell. The motor and compressor are connected directly on the same shaft, with the motor located within the refrigeration circuit. As a result, the need for a shaft seal and the resulting refrigerant leakage problem was eliminated. Welding or brazing is used to connect all refrigerant pipelines to the outer steel shell. The voltage of an electric motor ranges from 9v and below, 10-20 v, 21-60 v, 60 v, and above, and various output power are integral horsepower (IHP) and fractional horsepower (FHP). The different speeds of the electric motor are low-speed (less than 1,000 rpm), medium-speed (1,001 to 25,000 rpm), high-speed (25,001 to 75,000 rpm), ultra-high-speed (greater than 75,001 rpm) that are used for industrial machinery, motor vehicle, HVAC equipment, aerospace and transportation, household appliances, other commercial applications.

What Is The Electric Motors Market Growth Forecast?

The electric motors market size is expected to see steady growth in the next few years. It will grow to $122.52 billion in 2030 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to shift towards electric vehicles, demand for energy-efficient motors, expansion of smart manufacturing, growth in renewable energy applications, advancements in motor automation. Major trends in the forecast period include high-efficiency motor design, low-maintenance motor solutions, miniaturization of electric motors, noise reduction & vibration control, thermal management & cooling systems.

Global Electric Motors Market Segmentation

1) By Type: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor 2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP) 3) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace And Transportation, Household Appliances, Other Commercial Applications Subsegments: 1) By Alternate Current (AC) Motor: Synchronous AC Motors, Asynchronous (Induction) AC Motors, Single-Phase AC Motors, Three-Phase AC Motors 2) By Direct Current (DC) Motor: Brushed DC Motors, Brushless DC Motors (BLDC), Shunt DC Motors, Series DC Motors, Compound DC Motors 3) By Hermetic Motor: Hermetically Sealed Compressor Motors, Hermetically Sealed Refrigeration Motors

What Is The Driver Of The Electric Motors Market?

An increase in the sale of electric vehicles is expected to propel the growth of the electric motors market. An electric vehicle (EV) is a vehicle that is entirely or partially powered by electricity. The growing popularity of electric vehicles drives the demand for electric to drive the wheels. For instance, in May 2023, according to the International Energy Agency (IEA), a France-based independent intergovernmental organization, there were 10 million electric vehicles sold in 2022, and the number of electric vehicles sold increased to 14 million in 2023. Therefore, the growing demand for electric vehicles (EVs) is driving the growth of the electric motors industry going forward.

Key Players In The Global Electric Motors Market

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

Global Electric Motors Market Trends and Insights

Major players in the electric motors market are focusing on new electric motors and controllers, such as the RM14530, RM16070, and RM16045 electric motor series, to enhance EV performance, range, and efficiency. Electric motors are devices that convert electrical energy into mechanical energy, powering various systems such as electric vehicles, appliances, and industrial machinery. Electric controllers manage and regulate the operation of these motors, optimizing performance by controlling factors like speed, torque, and power delivery to enhance efficiency, reliability, and energy consumption. For instance, in February 2024, Attron Automotive, an India-based company focused on developing and manufacturing advanced electric motors and controllers for electric vehicles (EVs) and other mobility applications, has 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 enhance the performance, range, and acceleration of EVs while reducing costs and driving sustainability in the electric mobility sector.

What Are Latest Mergers And Acquisitions In The Electric Motors Market?

In September 2024, WEG Industries, a Brazil-based motors and generators company, acquired Volt Electric Motors for an undisclosed amount. This acquisition will enhance WEG's market presence and product offerings in strategic regions, particularly given Volt's factory in Izmir, which provides logistical advantages with access to major ports. WEG expects the deal to bolster its growth strategy in the industrial motors sector, subject to regulatory approvals. Volt Electric Motors is a Turkish manufacturer of industrial and commercial electric motors.

Regional Outlook

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Electric Motors Market?

The electric motors market consists of sales of rotor, bearings, stator, air gap, windings, commutator, and other electric motors. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Electric Motors Market Report 2026?

The electric motors market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the electric motors industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.