Global Industrial Motors Market By Overview
Introduction:
Industrial Motors Market was valued at US$ 21.3 Billion in 2024 and is projected to grow at a CAGR of 4.80% to reach US$ 33.9 Billion by 2034.
Industrial motors are also known as a digital motor which has additional features such as a quadrature encoder, built-in microprocessor, and current monitor. This motor is applicable to perform high precise multifaceted functions with high efficiency and also with IoT integration. The industrial motor is a programmable device as this motor can adjust the voltage and frequency supply to alter the speed of the motor. The main work of industrial motor is to convert electrical energy into mechanical energy. Motors create either a linear or rotary force. While electric motors can be powered by direct current (DC) sources like batteries, they are more often powered by alternating current (AC) sources like generators or the power grid. The majority of industrial motors are three-phase AC induction motors due to its reliability and low cost. In this case, the electric current in the stator winding generates a rotating magnetic field that “induces” electric current in the rotor.
Global Industrial Motors Market By Dynamics
Rising industralization
Growing requirement of adjustable speed in applications such as pumping systems, material handling, and fan systems is the major factor projected to propel the growth of the industrial motors market. Additionally, continuous increase in technological influence the efficiency of industrial motors that boost their adoption coupled with the growing popularity of advanced machine control systems are some other factors expected to drive the growth of the global market. According to the United Nations Industrial Development Organization, electric motor systems account for 60% of industrial electricity consumption, so to reduce the electricity consumption and investments to overcome the subcarrier supported the growth of energy-efficient motors. Furthermore, integration of the internet of things in industrial processes and increasing use of smart-phone in industrial applications such as smart-phone controlled smart motor are the factors anticipated to fuel revenue growth of the global market.
However, the higher initial investment for procuring new equipment and upgrading existing equipment is hampering the growth of the target market. Nevertheless, major manufacturers are focusing on collaborating with local players to improve their type of motor offerings as well as expand their geographical presence is a major trend observed in the global market, currently.
Global Industrial Motors Market By Segmentation
The industrial motors market is segmented based on types of motors, voltage, end user, and region.
Based on the type of motor, the industrial motors market is segmented into alternating current (AC) motors, direct current (DC) motor, and other types of motors (electrically commutated (EC) motors, servomotors, Etc.). Based on voltage, the target market is segmented into high voltage, medium voltage, and low voltage. Based on end-user, the global market is bifurcated into oil and gas, power generation, mining and metals, water and wastewater management, chemicals and petrochemicals, discrete manufacturing, and other end users.
Regional Insights:
The industrial motors market accounted for US$ 21.3 Billion in 2024 and is estimated to be US$ 33.9 Billion by 2034 and is anticipated to register a CAGR of 4.801%. On region the industrial motors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is projected to estimate for highest revenue share in the industrial motors market shortly, due to rising investment towards industrial robotics and aerospace-related projects in countries in the region. Europe market is anticipated to account for the second-largest revenue share in the target market, owing to the growing demand for energy-efficient motors in the countries in the region. The Asia Pacific market is expected to witness fastest growth rate in terms of revenue due to increasing demand for industrial motors from manufacturing industries along with the rise in need to improve the efficiency of manufacturing plants through superior smart motors application in the countries in the region. Moreover, the Latin America and Middle East & Africa market are projected to witness moderate growth rate during the forecast period.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
|
Market Segmentation |
By Type of Motor- Alternating Current (AC) Motors, Direct Current (DC) Motor, and Other Types of Motors (Electrically Commutated (EC) Motors, Servomotors, Etc.) By Voltage– High Voltage, Medium Voltage, and Low Voltage By End User – Oil and Gas, Power Generation, Mining and Metals, Water and Wastewater Management, Chemicals and Petrochemicals, Discrete Manufacturing, and Other End Users |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the industrial motors market report based on type of motor, voltage, end user and region.
Industrial Motors Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Industrial Motors Market By Key Players
The key players operating in the industrial motors market includes General Electric Company, Allen -Bradly Co. LLC (Rockwell Automation Inc.), Siemens AG, AMETEK Inc., Toshiba International Corporation, Arc Systems Inc., ABB Ltd., Johnson Electric Emerson Electric Co., and NidecMotor Corporation.
Global Industrial Motors Market By Company Profile
- General Electric Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Allen -Bradly Co. LLC (Rockwell Automation Inc.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Siemens AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AMETEK Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Toshiba International Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arc Systems Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ABB Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Johnson Electric Emerson Electric Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nidec Motor Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Industrial Motors Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Industrial Motors Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type of Motors
- Market Snippet, By Voltage
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type of Motors, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Alternating Current (AC) Motors
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Direct Current (DC) Motor
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Other Types of Motors
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By Voltage, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- High Voltage
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Medium Voltage
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Low Voltage
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Market Segmentation, By End-user, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Oil and Gas
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Power Generation
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Mining and Metals
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Water and Wastewater Management
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Chemicals and Petrochemicals
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Discrete Manufacturing
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Other End Users
- Overview
- Market Industrial Motors and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Industrial Motors and Forecast (US$ Bn), By Type of Motors, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Voltage, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Industrial Motors and Forecast (US$ Bn), By Type of Motors, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Voltage, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Industrial Motors and Forecast (US$ Bn), By Type of Motors, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Voltage, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Industrial Motors and Forecast (US$ Bn), By Type of Motors, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Voltage, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Industrial Motors and Forecast (US$ Bn), By Type of Motors, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Voltage, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By End-user, 2024 – 2034
- Market Industrial Motors and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- General Electric Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Allen -Bradly Co. LLC (Rockwell Automation Inc.)
- Siemens AG
- AMETEK Inc.
- Toshiba International Corporation
- Arc Systems Inc.
- ABB Ltd.
- Johnson Electric Emerson Electric Co.
- Nidec Motor Corporation
- General Electric Company
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The industrial motors market is segmented based on motor, voltage, end-user, and region.
Growing requirement of adjustable speed in applications such as pumping systems, material handling, and fan systems is the major factor projected to propel the growth of the industrial motors market.
North America market is projected to estimate for highest revenue share in the industrial motors market shortly, due to rising investment towards industrial robotics and aerospace-related projects in countries in the region.
The key players operating the industrial motors market include General Electric Company, Allen -Bradly Co. LLC (Rockwell Automation Inc.), Siemens AG, AMETEK Inc., Toshiba International Corporation, Arc Systems Inc., ABB Ltd., Johnson Electric Emerson Electric Co., and Nidec Motor Corporation.