Electric Motor Market

Electric Motor Market (Product Type: AC Motor and DC Motor; and Rotor Type: Inner Rotor and Outer Rotor) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Global Electric Motor Market Outlook 2031

  • The industry was valued at US$ 140.2 Bn in 2021
  • It is estimated to grow at a CAGR of 5.5% from 2022 to 2031 and reach US$ 237.9 Bn by the end of 2031

Analysts’ Viewpoint

Growth in industries such as HVAC equipment, consumer appliances, automotive, mining, and industrial machinery is driving the demand for AC electric motors and DC electric motors. The electric motor business is estimated to grow at a steady pace during the forecast period, led by the increase in adoption of mechanization and automation in several industries.

Leading players in the global electric motor industry are focusing on developing innovative and highly-efficient electric motors to meet sustainability challenges. For instance, Turntide Technologies has developed a smart motor based on switched reluctance (SR) technology and smart power electronics to enable end-use industries to save costs and tackle climate change issues. Market players should focus on product development based on R&D in electric motor manufacturing to gain maximum revenue benefits.

Electric Motor Market

Market Introduction

An electric motor or electromagnetic motor is an electrical machine that converts energy into motion. These motors can be powered by direct current (DC) sources, such as batteries, or alternating current (AC) sources such as power grids, inverters, or electrical generators. Three-phase AC induction motors are primarily used in commercial or industrial setups due to their reliability and low cost.

Top electric motor manufacturing companies & suppliers are introducing different types of electric motors such as electric forklift motors, electromagnetic motors, single-phase electric motors, and high-torque electric motors to gain a competitive advantage. However, technical issues, electric component failure, and high installation and maintenance costs are likely to adversely affect market statistics in the near future.

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Increase in Demand for Electric Motors in End-use Industries

Electric motors are used in various end-use industries such as HVAC equipment, automobile, packaging, mining, oil and gas, and industrial automation. These end-use industries are witnessing exponential growth due to rapid industrialization. This is driving the demand for industrial motors. Demand for heating, ventilation, and air conditioning is increasing due to rapid urbanization and the rise in disposable income of consumers in emerging economies.

According to the International Energy Agency (IEA), around 2/3rd of households across the world are estimated to have air conditioners by 2050. Together, China, India, and Indonesia are likely to account for 50% share.

Electric motors are used extensively in the automobile sector. Demand for electric vehicles has been rising across the globe due to the aim to reduce carbon emissions and surge in fuel prices. According to Catalyst research, 4.2 million electric vehicles (EVs) were sold worldwide in the first half of 2022.

Industrial DC motors such as electric forklift motors are used widely in the mining sector. Electric forklift motor offers benefits such as enhanced safety, improved performance, and high efficiency. An increase in demand for electric motors in various end-use industries is anticipated to fuel market expansion during the forecast period.

Emphasis on Energy-efficient Electric Motors

Energy consumption is expected to increase significantly by 2030. This is likely to adversely impact the environment. Therefore, regional and local governments are adopting measures to use energy-saving equipment in order to reduce electricity wastage.

According to the International Energy Agency, standard electric motors are expected to account for about 45.0% share of global electrical energy consumption in the world. Countries such as the U.S. and China and those in the European Union are implementing regulations to use advanced propulsion technology in order to meet energy efficiency requirements.

Energy-efficient motor (EEM) adopts improved motor design and high-quality materials to reduce motor energy losses, thus enhancing motor efficiency. The cost of energy is anticipated to increase in the near future due to environmental issues and the availability of limited resources. Electric motors account for a major share of electric energy in industries. Thus, the adoption of energy-efficient motors is projected to help save a significant amount of electricity. It would also help reduce the production of greenhouse gases and the total environmental cost of electricity generation.

A large amount of electrical energy is consumed by induction motors for irrigation and industrial purposes in developing economies. In India, the agriculture and industrial sectors are growing at a rapid pace. Similarly, electrical energy consumption is also increasing in the country. Hence, the Government of India is focusing on the usage of energy-efficient electric motors in the agriculture and industrial sectors.

Regional Outlook of the Global Electric Motor Market

Asia Pacific is anticipated to account for a significant market share during the forecast period owing to rapid urbanization, expansion in various end-use industries, and growth in national and local policies & programs to incorporate energy-saving machines in the region. Additionally, the presence of numerous manufacturers is likely to augment market development in the Asia Pacific. Strategies for the electric motors market keep evolving owing to the changing government policies and systematic adoption of technology in the region.

North America and Europe are anticipated to record considerable market progress in the near future, owing to the rise in demand for electric motors in several end-use industries such as industrial automation and automotive in these regions.

Analysis of Key Players

Prominent electric motor manufacturers are investing significantly in comprehensive research and development activities, primarily to introduce innovative products. Expansion of product portfolios and mergers & acquisitions are key strategies adopted by manufacturers.

ABB Group, Allied Motion Technologies Inc., Buhler Motor GmbH., Johnson Electric, Mitsubishi Heavy Industries, Nidec Corporation, Robert Bosch GmbH, Siemens AG, Toshiba Corporation, and WEG are the prominent entities operating in the global electric motors market.

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Key Developments

  • In September 2022, WEG announced an investment of about US$ 120.0 Mn to increase the production of industrial and electric traction motors in Brazil over the next three years. The company aims to construct a new factory specifically for the production of industrial motors for the electric mobility segment. It also plans to expand component manufacturing and logistics facilities.
  • In August 2022, ABB Group announced the acquisition of Siemens’ low-voltage NEMA motor business. The company aims to establish itself as a leader in electric motors and expand its product portfolio through the acquisition.
  • In August 2021, Johnson Electric announced the launch of its new ECI-040 brushless DC motor platform. The platform accepts direct mains AC power through the controller in order to facilitate integration. Through this new launch, the company aims to offer comfortable, safe, and healthier products to its end users.

Each of these players has been profiled in the market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Electric Motor Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 140.2 Bn

Market Forecast Value in 2031

US$ 237.9 Bn

Growth Rate

(CAGR)

5.5%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Includes cross-segment analysis at regional as well as country level. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • AC Motor
      • Synchronous
      • Induction
    • DC Motor
      • Separately Excited
      • Self-excited
  • Power Rating
    • Below 1 KW
    • 1 KW - 2 KW
    • 2 KW - 375 KW
    • Above 375 KW
  • Output Power
    • Below 1 HP
    • 1 HP – 500 HP
    • Above 500 HP
  • Rotor Type
    • Inner Rotor
    • Outer Rotor
  • Application
    • Automotive
    • Aerospace & Defense
    • Industrial Machinery
    • HVAC Equipment
    • Process Industry
    • Mining Industry
    • Others (Consumer Appliances, etc.)
  • Distribution Channel
    • Online
    • Offline
      • Direct Sales
      • Indirect Sales

Region Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Japan
  • China
  • India
  • GCC
  • South Africa
  • Brazil

Companies Profiled

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global electric motor market in 2021?

The electric motor industry was valued at US$ 140.2 Bn in 2021

What will be the CAGR during the forecast period?

The business is projected to grow at a CAGR of 5.5% from 2022 to 2031

What are the drivers of the global market?

Rise in government programs to promote emission-free vehicles and increase in demand for HVAC systems in commercial & residential sectors

How is the AC motors product type segment performing?

The AC motor segment held major share of the global market in 2021 and is projected to maintain its share during the forecast period

How promising is the Asia Pacific region in the global market?

Asia Pacific is likely to be the most lucrative region in the near future

Who are the prominent players in the sector?

ABB Group, Allied Motion Technologies Inc., Buhler Motor GmbH, Johnson Electric, Mitsubishi Heavy Industries, Nidec Corporation, Robert Bosch GmbH, Siemens AG, Toshiba Corporation, and WEG

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

            5.4.1. Automotive Industry Overview

            5.4.2. Electronics Product Industry Overview

        5.5. Porter’s Five Forces Analysis

        5.6. Value Chain Analysis

        5.7. Industry SWOT Analysis

        5.8. Product Standard and Regulation Framework

        5.9. Technological Overview

        5.10. Import Export Analysis

        5.11. Global Electric Motor Market Analysis and Forecast, 2017 - 2031

            5.11.1. Market Revenue Projection (US$ Bn)

            5.11.2. Market Revenue Projection (Thousand Units)

    6. Global Electric Motor Market Analysis and Forecast, By Product Type

        6.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            6.1.1. AC Motor

                6.1.1.1. Synchronous

                6.1.1.2. Induction

            6.1.2. DC Motor

                6.1.2.1. Separately Excited

                6.1.2.2. Self-excited

        6.2. Incremental Opportunity, By Product Type

    7. Global Electric Motor Market Analysis and Forecast, By Power Rating

        7.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            7.1.1. Below 1 KW

            7.1.2. 1 KW - 2 KW

            7.1.3. 2 KW - 375 KW

            7.1.4. Above 375 KW

        7.2. Incremental Opportunity, By Power Rating

    8. Global Electric Motor Market Analysis and Forecast, By Output Power

        8.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            8.1.1. Below 1 HP

            8.1.2. 1 HP - 500 HP

            8.1.3. Above 500 HP

        8.2. Incremental Opportunity, By Output Power

    9. Global Electric Motor Market Analysis and Forecast, By Rotor Type

        9.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            9.1.1. Inner Rotor

            9.1.2. Outer Rotor

        9.2. Incremental Opportunity, By Rotor Type

    10. Global Electric Motor Market Analysis and Forecast, By Application

        10.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Application, 2017 - 2031

            10.1.1. Automotive

            10.1.2. Aerospace & Defense

            10.1.3. Industrial Machinery

            10.1.4. HVAC Equipment

            10.1.5. Process Industry

            10.1.6. Mining Industry

            10.1.7. Others

        10.2. Incremental Opportunity, By Application

    11. Global Electric Motor Market Analysis and Forecast, By Distribution Channel

        11.1. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            11.1.1. Online

            11.1.2. Offline

                11.1.2.1. Direct Sales

                11.1.2.2. Indirect Sales

        11.2. Incremental Opportunity, By Distribution Channel

    12. North America Electric Motor Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Key Trend Analysis

            12.2.1. Demand Side Analysis

            12.2.2. Supply Side Analysis

        12.3. Price Trend Analysis

            12.3.1. Weighted Average Price

        12.4. Key Supplier Analysis

        12.5. Macroeconomic Scenario

        12.6. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            12.6.1. AC Motor

                12.6.1.1. Synchronous

                12.6.1.2. Induction

            12.6.2. DC Motor

                12.6.2.1. Separately Excited

                12.6.2.2. Self-excited

        12.7. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            12.7.1. Below 1 KW

            12.7.2. 1 KW - 2 KW

            12.7.3. 2 KW - 375 KW

            12.7.4. Above 375 KW

        12.8. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            12.8.1. Below 1 HP

            12.8.2. 1 HP - 500 HP

            12.8.3. Above 500 HP

        12.9. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            12.9.1. Inner Rotor

            12.9.2. Outer Rotor

        12.10. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, Application, 2017 - 2031

            12.10.1. Automotive

            12.10.2. Aerospace & Defense

            12.10.3. Industrial Machinery

            12.10.4. HVAC Equipment

            12.10.5. Process Industry

            12.10.6. Mining Industry

            12.10.7. Others

        12.11. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            12.11.1. Online

            12.11.2. Offline

                12.11.2.1. Direct Sales

                12.11.2.2. Indirect Sales

        12.12. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            12.12.1. U.S.

            12.12.2. Canada

            12.12.3. Rest of North America

        12.13. Incremental Opportunity Analysis

    13. Europe Electric Motor Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Key Trend Analysis

            13.2.1. Demand Side Analysis

            13.2.2. Supply Side Analysis

        13.3. Price Trend Analysis

            13.3.1. Weighted Average Price

        13.4. Key Supplier Analysis

        13.5. Macroeconomic Scenario

        13.6. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            13.6.1. AC Motor

                13.6.1.1. Synchronous

                13.6.1.2. Induction

            13.6.2. DC Motor

                13.6.2.1. Separately Excited

                13.6.2.2. Self-excited

        13.7. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            13.7.1. Below 1 KW

            13.7.2. 1 KW - 2 KW

            13.7.3. 2 KW - 375 KW

            13.7.4. Above 375 KW

        13.8. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            13.8.1. Below 1 HP

            13.8.2. 1 HP - 500 HP

            13.8.3. Above 500 HP

        13.9. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            13.9.1. Inner Rotor

            13.9.2. Outer Rotor

        13.10. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, Application , 2017 - 2031

            13.10.1. Automotive

            13.10.2. Aerospace & Defense

            13.10.3. Industrial Machinery

            13.10.4. HVAC Equipment

            13.10.5. Process Industry

            13.10.6. Mining Industry

            13.10.7. Others

        13.11. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            13.11.1. Online

            13.11.2. Offline

                13.11.2.1. Direct Sales

                13.11.2.2. Indirect Sales

        13.12. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            13.12.1. U.K.

            13.12.2. Germany

            13.12.3. France

            13.12.4. Rest of Europe

        13.13. Incremental Opportunity Analysis

    14. Asia Pacific Electric Motor Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Key Trend Analysis

            14.2.1. Demand Side Analysis

            14.2.2. Supply Side Analysis

        14.3. Price Trend Analysis

            14.3.1. Weighted Average Price

        14.4. Key Supplier Analysis

        14.5. Macroeconomic Scenario

        14.6. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            14.6.1. AC Motor

                14.6.1.1. Synchronous

                14.6.1.2. Induction

            14.6.2. DC Motor

                14.6.2.1. Separately Excited

                14.6.2.2. Self-excited

        14.7. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            14.7.1. Below 1 KW

            14.7.2. 1 KW - 2 KW

            14.7.3. 2 KW - 375 KW

            14.7.4. Above 375 KW

        14.8. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            14.8.1. Below 1 HP

            14.8.2. 1 HP - 500 HP

            14.8.3. Above 500 HP

        14.9. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            14.9.1. Inner Rotor

            14.9.2. Outer Rotor

        14.10. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, Application, 2017 - 2031

            14.10.1. Automotive

            14.10.2. Aerospace & Defense

            14.10.3. Industrial Machinery

            14.10.4. HVAC Equipment

            14.10.5. Process Industry

            14.10.6. Mining Industry

            14.10.7. Others

        14.11. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            14.11.1. Online

            14.11.2. Offline

                14.11.2.1. Direct Sales

                14.11.2.2. Indirect Sales

        14.12. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            14.12.1. China

            14.12.2. India

            14.12.3. Japan

            14.12.4. Rest of Asia Pacific

        14.13. Incremental Opportunity Analysis

    15. Middle East & Africa Electric Motor Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Trend Analysis

            15.2.1. Demand Side Analysis

            15.2.2. Supply Side Analysis

        15.3. Price Trend Analysis

            15.3.1. Weighted Average Price

        15.4. Key Supplier Analysis

        15.5. Macroeconomic Scenario

        15.6. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            15.6.1. AC Motor

                15.6.1.1. Synchronous

                15.6.1.2. Induction

            15.6.2. DC Motor

                15.6.2.1. Separately Excited

                15.6.2.2. Self-excited

        15.7. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            15.7.1. Below 1 KW

            15.7.2. 1 KW - 2 KW

            15.7.3. 2 KW - 375 KW

            15.7.4. Above 375 KW

        15.8. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            15.8.1. Below 1 HP

            15.8.2. 1 HP - 500 HP

            15.8.3. Above 500 HP

        15.9. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            15.9.1. Inner Rotor

            15.9.2. Outer Rotor

        15.10. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, Application, 2017 - 2031

            15.10.1. Automotive

            15.10.2. Aerospace & Defense

            15.10.3. Industrial Machinery

            15.10.4. HVAC Equipment

            15.10.5. Process Industry

            15.10.6. Mining Industry

            15.10.7. Others

        15.11. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            15.11.1. Online

            15.11.2. Offline1

                15.11.2.1. Direct Sales

                15.11.2.2. Indirect Sales

        15.12. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            15.12.1. GCC

            15.12.2. South Africa

            15.12.3. Rest of Middle East & Africa

        15.13. Incremental Opportunity Analysis

    16. South America Electric Motor Market Analysis and Forecast

        16.1. Regional Snapshot

        16.2. Key Trend Analysis

            16.2.1. Demand Side Analysis

            16.2.2. Supply Side Analysis

        16.3. Price Trend Analysis

            16.3.1. Weighted Average Price

        16.4. Key Supplier Analysis

        16.5. Macroeconomic Scenario

        16.6. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Product Type, 2017 - 2031

            16.6.1. AC Motor

                16.6.1.1. Synchronous

                16.6.1.2. Induction

            16.6.2. DC Motor

                16.6.2.1. Separately Excited

                16.6.2.2. Self-excited

        16.7. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Power Rating, 2017 - 2031

            16.7.1. Below 1 KW

            16.7.2. 1 KW - 2 KW

            16.7.3. 2 KW - 375 KW

            16.7.4. Above 375 KW

        16.8. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Output Power, 2017 - 2031

            16.8.1. Below 1 HP

            16.8.2. 1 HP - 500 HP

            16.8.3. Above 500 HP

        16.9. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Rotor Type, 2017 - 2031

            16.9.1. Inner Rotor

            16.9.2. Outer Rotor

        16.10. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, Application, 2017 - 2031

            16.10.1. Automotive

            16.10.2. Aerospace & Defense

            16.10.3. Industrial Machinery

            16.10.4. HVAC Equipment

            16.10.5. Process Industry

            16.10.6. Mining Industry

            16.10.7. Others

        16.11. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Distribution Channel, 2017 - 2031

            16.11.1. Online

            16.11.2. Offline

                16.11.2.1. Direct Sales

                16.11.2.2. Indirect Sales

        16.12. Electric Motor Market Size (US$ Bn and Thousand Units) Forecast, By Country, 2017 - 2031

            16.12.1. Brazil

            16.12.2. Rest of South America

        16.13. Incremental Opportunity Analysis

    17. Competition Landscape

        17.1. Market Player – Competition Dashboard

        17.2. Market Share % - 2021

        17.3. Company Profiles (Details – Company Overview, Product Portfolio, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            17.3.1. ABB Group

                17.3.1.1. Company Overview

                17.3.1.2. Product Portfolio

                17.3.1.3. Sales Area/Geographical Presence

                17.3.1.4. Revenue

                17.3.1.5. Strategy & Business Overview

            17.3.2. Allied Motion Technologies Inc.

                17.3.2.1. Company Overview

                17.3.2.2. Product Portfolio

                17.3.2.3. Sales Area/Geographical Presence

                17.3.2.4. Revenue

                17.3.2.5. Strategy & Business Overview

            17.3.3. Buhler Motor GmbH.

                17.3.3.1. Company Overview

                17.3.3.2. Product Portfolio

                17.3.3.3. Sales Area/Geographical Presence

                17.3.3.4. Revenue

                17.3.3.5. Strategy & Business Overview

            17.3.4. Johnson Electric

                17.3.4.1. Company Overview

                17.3.4.2. Product Portfolio

                17.3.4.3. Sales Area/Geographical Presence

                17.3.4.4. Revenue

                17.3.4.5. Strategy & Business Overview

            17.3.5. Mitsubishi Heavy Industries

                17.3.5.1. Company Overview

                17.3.5.2. Product Portfolio

                17.3.5.3. Sales Area/Geographical Presence

                17.3.5.4. Revenue

                17.3.5.5. Strategy & Business Overview

            17.3.6. Nidec Corporation

                17.3.6.1. Company Overview

                17.3.6.2. Product Portfolio

                17.3.6.3. Sales Area/Geographical Presence

                17.3.6.4. Revenue

                17.3.6.5. Strategy & Business Overview

            17.3.7. Robert Bosch GmbH

                17.3.7.1. Company Overview

                17.3.7.2. Product Portfolio

                17.3.7.3. Sales Area/Geographical Presence

                17.3.7.4. Revenue

                17.3.7.5. Strategy & Business Overview

            17.3.8. Siemens AG

                17.3.8.1. Company Overview

                17.3.8.2. Product Portfolio

                17.3.8.3. Sales Area/Geographical Presence

                17.3.8.4. Revenue

                17.3.8.5. Strategy & Business Overview

            17.3.9. Toshiba Corporation

                17.3.9.1. Company Overview

                17.3.9.2. Product Portfolio

                17.3.9.3. Sales Area/Geographical Presence

                17.3.9.4. Revenue

                17.3.9.5. Strategy & Business Overview

            17.3.10. WEG

                17.3.10.1. Company Overview

                17.3.10.2. Product Portfolio

                17.3.10.3. Sales Area/Geographical Presence

                17.3.10.4. Revenue

                17.3.10.5. Strategy & Business Overview

    18. Key Takeaway

        18.1. Identification of Potential Market Spaces

            18.1.1. By Product Type

            18.1.2. By Power Rating

            18.1.3. By Output Power

            18.1.4. By Rotor Type

            18.1.5. By Application

            18.1.6. By Distribution Channel

            18.1.7. By Region

        18.2. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 2: Global Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 3: Global Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 4: Global Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 5: Global Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 6: Global Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 7: Global Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 8: Global Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Table 9: Global Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 10: Global Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 11: Global Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 12: Global Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 13: Global Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 14: Global Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 15: North America Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 16: North America Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 17: North America Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 18: North America Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 19: North America Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 20: North America Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 21: North America Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 22: North America Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Table 23: North America Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 24: North America Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 25: North America Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 26: North America Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 27: North America Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 28: North America Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 29: Europe Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 30: Europe Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 31: Europe Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 32: Europe Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 33: Europe Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 34: Europe Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 35: Europe Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 36: Europe Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Table 37: Europe Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 38: Europe Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 39: Europe Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 40: Europe Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 41: Europe Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 42: Europe Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 43: Asia Pacific Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 44: Asia Pacific Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 45: Asia Pacific Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 46: Asia Pacific Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 47: Asia Pacific Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 48: Asia Pacific Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 49: Asia Pacific Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 50: Asia Pacific Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Table 51: Asia Pacific Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 52: Asia Pacific Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 53: Asia Pacific Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 54: Asia Pacific Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 55: Asia Pacific Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 56: Asia Pacific Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 57: Middle East & Africa Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 58: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 59: Middle East & Africa Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 60: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 61: Middle East & Africa Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 62: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 63: Middle East & Africa Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 64: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Rotor Type2017-2031

    Table 65: Middle East & Africa Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 66: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 67: Middle East & Africa Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 68: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 69: Middle East & Africa Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 70: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Table 71: South America Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Table 72: South America Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Table 73: South America Electric Motor Market Value (US$ Bn), by Power Ratings, 2017-2031

    Table 74: South America Electric Motor Market Volume (Thousand Units), by Power Ratings 2017-2031

    Table 75: South America Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Table 76: South America Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Table 77: South America Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Table 78: South America Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Table 79: South America Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Table 80: South America Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Table 81: South America Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Table 82: South America Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Table 83: South America Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Table 84: South America Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    List of Figures

    Figure 1: Global Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 2: Global Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 3: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 4: Global Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 5: Global Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 6: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 7: Global Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 8: Global Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 9: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 10: Global Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 11: Global Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 12: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 13: Global Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 14: Global Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 15: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 16: Global Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 17: Global Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 18: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 19: Global Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 20: Global Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 21: Global Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

    Figure 22: North America Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 23: North America Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 24: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 25: North America Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 26: North America Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 27: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 28: North America Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 29: North America Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 30: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 31: North America Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 32: North America Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 33: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 34: North America Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 35: North America Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 36: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 37: North America Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 38: North America Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 39: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 40: North America Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 41: North America Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 42: North America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

    Figure 43: Europe Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 44: Europe Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 45: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 46: Europe Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 47: Europe Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 48: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 49: Europe Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 50: Europe Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 51: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 52: Europe Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 53: Europe Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 54: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 55: Europe Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 56: Europe Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 57: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 58: Europe Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 59: Europe Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 60: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 61: Europe Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 62: Europe Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 63: Europe Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

    Figure 64: Asia Pacific Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 65: Asia Pacific Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 66: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 67: Asia Pacific Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 68: Asia Pacific Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 69: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 70: Asia Pacific Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 71: Asia Pacific Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 72: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 73: Asia Pacific Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 74: Asia Pacific Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 75: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 76: Asia Pacific Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 77: Asia Pacific Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 78: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 79: Asia Pacific Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 80: Asia Pacific Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 81: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 82: Asia Pacific Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 83: Asia Pacific Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 84: Asia Pacific Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

    Figure 85: Middle East & Africa Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 86: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 87: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 88: Middle East & Africa Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 89: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 90: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 91: Middle East & Africa Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 92: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 93: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 94: Middle East & Africa Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 95: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 96: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 97: Middle East & Africa Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 98: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 99: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 100: Middle East & Africa Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 101: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 102: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 103: Middle East & Africa Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 104: Middle East & Africa Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 105: Middle East & Africa Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

    Figure 106: South America Electric Motor Market Value (US$ Bn), by Product Type, 2017-2031

    Figure 107: South America Electric Motor Market Volume (Thousand Units), by Product Type 2017-2031

    Figure 108: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Type, 2022-2031

    Figure 109: South America Electric Motor Market Value (US$ Bn), by Power Rating, 2017-2031

    Figure 110: South America Electric Motor Market Volume (Thousand Units), by Power Rating 2017-2031

    Figure 111: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Power Rating, 2022-2031

    Figure 112: South America Electric Motor Market Value (US$ Bn), by Output Power, 2017-2031

    Figure 113: South America Electric Motor Market Volume (Thousand Units), by Output Power 2017-2031

    Figure 114: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Output Power, 2022-2031

    Figure 115: South America Electric Motor Market Value (US$ Bn), by Rotor Type, 2017-2031

    Figure 116: South America Electric Motor Market Volume (Thousand Units), by Rotor Type 2017-2031

    Figure 117: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Rotor Type, 2022-2031

    Figure 118: South America Electric Motor Market Value (US$ Bn), by Application, 2017-2031

    Figure 119: South America Electric Motor Market Volume (Thousand Units), by Application 2017-2031

    Figure 120: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Application, 2022-2031

    Figure 121: South America Electric Motor Market Value (US$ Bn), by Distribution Channel, 2017-2031

    Figure 122: South America Electric Motor Market Volume (Thousand Units), by Distribution Channel 2017-2031

    Figure 123: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2022-2031

    Figure 124: South America Electric Motor Market Value (US$ Bn), by Region, 2017-2031

    Figure 125: South America Electric Motor Market Volume (Thousand Units), by Region 2017-2031

    Figure 126: South America Electric Motor Market Incremental Opportunity (US$ Bn), Forecast, by Region, 2022-2031

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