Global Electric Motor Sales Market Size & Outlook, 2023-2030
Global electric motor sales market, 2017-2030 (US$M)
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Global electric motor sales market highlights
- The global electric motor sales market generated a revenue of USD 182,651.8 million in 2023 and is expected to reach USD 322,084.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.4% by 2030.
- In terms of segment, ac motor accounted for a revenue of USD 129,738.3 million in 2023.
- Hermetic Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 182,651.8 million |
| Market revenue in 2030 | USD 322,084.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Ac motor |
| Fastest growing segment | Hermetic Motor |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | AC Motor, DC Motor, Hermetic Motor |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global electric motor sales market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 10,474.4 million by 2030.
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Electric Motor Sales Market Scope
Electric Motor Sales Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Franklin Electric Co Inc | View profile | 6400 | 9255 Coverdale Road, Fort Wayne, IN, United States, 46809 | https://www.franklin-electric.com |
| Johnson Electric Holdings Ltd | View profile | 35000 | 6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, Hong Kong | https://www.johnsonelectric.com |
| Oriental Motor USA | View profile | 101-250 | Torrance, California, United States, North America | http://orientalmotor.com |
| Regal Rexnord Corp | View profile | 32100 | 111 West Michigan Street, Milwaukee, WI, United States, 53203 | https://www.regalrexnord.com |
| Allied Motion Technologies | View profile | 1001-5000 | Amherst, New York, United States, North America | http://www.alliedmotion.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Nidec Corp | View profile | 128002 | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan, 601-8205 | http://www.nidec.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Global electric motor sales market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric motor sales market will help companies and investors design strategic landscapes.
Ac motor was the largest segment with a revenue share of 71.03% in 2023. Horizon Databook has segmented the Global electric motor sales market based on ac motor, dc motor, hermetic motor covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Electric Motor Sales Motor Type Outlook (Revenue, USD Million, 2017-2030)
- AC Motor
- Induction AC Motor
- Synchronus AC Motor
- DC Motor
- Brushed DC Motor
- Brushless DC Motor
- Hermetic Motor
- AC Motor
- Global Electric Motor Sales Application Outlook (Revenue, USD Million, 2017-2030)
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Others
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Target buyers of Global electric motor sales market databook
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Our clientele includes a mix of electric motor sales market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric motor sales market , including forecasts for subscribers. This global databook contains high-level insights into Global electric motor sales market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global electric motor sales market size, by regions, 2017-2030 (US$M)
Top 10 countries: Electric motor sales market size, 2023 (US$M)
Global electric motor sales market share, by power rating, 2023 & 2030 (%, US$M)
Electric motor sales market: Opportunity assessment by country
Global electric motor sales market, by region, 2023 (US$M)
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