Electric Motor Sales Market Size 2025-2029
The electric motor sales market size is forecast to increase by USD 52.7 billion, at a CAGR of 6.1% between 2024 and 2029.
The global shift to electromobility is a primary driver for the electric motor sales market, with the automotive industry's transition toward electric vehicles (EVS) and robotics creating substantial demand for advanced electric drives. This is complemented by the rising adoption of high-efficiency HVAC systems, which require sophisticated electric motors to enhance thermal comfort and air quality in buildings. A key focus is on improving electrical energy conversion and the durability of motor components. Consequently, the demand for both synchronous electric motors and direct current (DC) motor market products is expanding. The development of specialized components for the electric trucks market is also gaining momentum, indicating a broad-based evolution in motor technology and application.Despite the positive trajectory, the market's integrity is challenged by the easy availability of low-cost, inferior-quality motors from unorganized sectors. These products often suffer from issues like low resistance, electrical overload, and frequent vibrations, which can compromise the efficiency and safety of associated machinery. This dynamic affects the broader electric motors accessories market and complicates procurement for industrial buyers seeking high-quality components. Product quality remains a key differentiator for established players that serve industrial clients, as ensuring high standards is crucial for maintaining performance and reliability in systems ranging from industrial machinery to electric motorcycles.
What will be the Size of the Electric Motor Sales Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by ongoing advancements in electrical energy conversion technologies, aimed at enhancing the performance of automotive propulsion systems and industrial machinery. Innovations in motor magnetic field design are leading to high power density motors with precise control capabilities. This evolution is critical for the expanding electric trucks market, where durable motor components and efficient mechanical energy conversion are paramount. The focus remains on developing solutions that support both automation sustainability and improved energy conservation across various applications.A key area of development involves the integration of smart motor controls and iot motor connectivity to enable real-time condition monitoring and predictive maintenance. This shift transforms traditional motors into intelligent assets, optimizing operational efficiency and reducing downtime. The application of these technologies is evident in the direct current (DC) motor market and for synchronous electric motors. These advancements are instrumental in creating more resilient and responsive systems, from household appliance motors to complex industrial automation motors, driving value beyond basic functionality.
How is this Electric Motor Sales Industry segmented?
The electric motor sales industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Application
- Industrial
- Residential
- Commercial
- Automotive
- Channel
- Type
- AC motors
- DC motors
- Hermetic motors
- Geography
- APAC
- Japan
- China
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- North America
- South America
- Middle East and Africa
- Rest of World (ROW)
By Application Insights
The industrial segment is estimated to witness significant growth during the forecast period.
The industrial segment is a primary consumer of electric motors, driven by the continuous pursuit of automation and heightened energy efficiency. Industrial motors are fundamental to a vast range of applications, including pumps, fans, and manufacturing machinery. The industrial sector consumes close to 40% of the world's energy, making motor efficiency a critical factor in managing operational costs. Regulatory mandates are compelling users to adopt higher-efficiency technologies, such as advanced ac induction motors, stimulating consistent market activity.
The push toward smart manufacturing and the Industrial Internet of Things (IIOT) is further shaping this segment. Manufacturers are embedding sensors and IoT connectivity into their motor portfolios, enabling sophisticated energy management and predictive maintenance. This integration of industrial automation motors with real-time condition monitoring helps optimize operational efficiency and prevent costly downtime. The trend reflects a broader shift toward digital technologies to enhance the performance and reliability of industrial systems with durable motor components.
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The Industrial segment was valued at USD 69.9 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 55.8% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC region is the definitive leader in the global electric motor sales market, powered by its vast manufacturing ecosystem and accelerated adoption of electric vehicles (EVS). The region's dominance is exemplified by its automotive sector, which accounted for approximately 58% of global EV production recently. This industrial might creates immense demand for a wide range of motor types, from high-volume automotive propulsion systems to specialized industrial machinery pumps. This supports a robust supply chain for everything from copper motor windings to smart motor controls.
Significant developments across APAC are reinforcing its market leadership. Beyond established industrial hubs, emerging economies are becoming key manufacturing centers for electric vehicles and their components. This expansion is supported by government initiatives and strategic joint ventures aimed at building local production capacity. The continuous growth in electric motor adoption across the APAC region, fueled by increasing demand in industrial, automotive, and power sectors, solidifies its position as a global hub for automation and electrification, driving innovation in mechanical energy conversion.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global electric motor sales for industrial automation is expanding, fueled by demands for greater operational efficiency. This trend extends to the robust market for high-efficiency electric motors for HVAC systems and rising electric motor sales for commercial building automation. The automotive sector is undergoing a massive transformation, where advanced electric motors for automotive propulsion are critical, directly influencing electric motor sales and the transition to EVs. A key R&D focus is on power density improvements in EV motors. The significant impact of regulations on electric motor efficiency compels innovation across both electric motor sales for OEM supply chains and the electric motor sales market in the aftermarket channel. Furthermore, the use of electric motors in renewable energy systems is growing, alongside specialized electric motor design for robotic applications that requires precision and reliability.Technological advancements are shaping product offerings. The prevalence of brushless DC motors in consumer electronics continues to grow, while industries are adopting smart electric motors with integrated IOT controls to enable predictive maintenance for industrial electric motors. In manufacturing, optimizing AC induction motor performance in manufacturing is achieved using variable frequency drives for AC motors. Niche applications are also seeing innovation, with developments in hermetic motors for refrigeration and cooling and robust submersible electric motors for water systems. In response to supply chain concerns, rare earth-free electric motor development is gaining momentum, alongside the exploration of switched reluctance motors in high-torque applications as a viable alternative.
What are the key market drivers leading to the rise in the adoption of Electric Motor Sales Industry?
- The global transition of the automotive industry toward electric vehicles and the increasing integration of robotic technologies are key drivers for the market.
The global automotive sector's pivot to electromobility is a significant dynamic influencing the demand for advanced motor components. As electric vehicle technology evolves, the need for efficient automotive propulsion systems with high power density motors becomes more critical. This is supported by advancements in battery technology that enhance performance and charging speeds, alongside government incentives promoting clean transportation. The transition is comprehensive, with some markets expected to have an EV fleet makeup of 50% in the near future. This shift is reshaping supply chains and driving innovation in motor magnetic field design and mechanical energy conversion to meet the rigorous demands of the EV industry. The focus is on creating durable motor components that offer precise control.The expanding application of robotics in industrial settings presents another key growth avenue. Robots are increasingly deployed for repetitive tasks and in hazardous environments, requiring reliable and precise motor operations. This technology is crucial for functions such as assembly line work, warehouse logistics, and surgical assistance. The integration of smart motor controls enables sophisticated automation, improving safety and productivity. The ongoing investment in industrial research and development, particularly in robotics, underpins the high growth expectations for components that enable precise mechanical energy conversion. This includes a variety of motor types, from high-torque units to compact designs for specialized applications, all contributing to the advancement of industrial automation.
What are the market trends shaping the Electric Motor Sales Industry?
- The growing demand for high-efficiency heating, ventilation, and air conditioning (HVAC) systems is a significant upcoming trend in the market.
The growing demand for HVAC systems from residential, commercial, and industrial end-users is a notable trend. These systems are essential for maintaining indoor air quality and providing thermal comfort in modern infrastructure, including large office buildings and shopping complexes. To optimize performance and achieve high airflow efficiency, electric dc motors, particularly brushless dc motors, are frequently employed. The industrial segment alone consumes close to 40% of overall energy globally, a significant portion of which is used by such systems. The expansion of industrial and commercial sectors in developing economies is further increasing the need for efficient HVAC solutions, thereby influencing the inverter duty motor market and demand for motors and drives services.The trend of automakers becoming more involved in the in-house production of electric motors is reshaping the competitive landscape. As vehicle manufacturers seek greater control over their supply chains and aim to differentiate their products, many are investing in proprietary electric motor technology and manufacturing capabilities. This move allows for better integration of the electric vehicle (EV) motor market components, including the electric vehicle (EV) traction motor market parts, into the overall vehicle design. It also helps optimize performance, reduce costs, and secure the supply of critical components. This strategic shift puts pressure on traditional motor suppliers to innovate and offer more advanced and customizable solutions to remain competitive partners in the automotive ecosystem.
What challenges does the Electric Motor Sales Industry face during its growth?
- The easy availability of low-cost electric motors from unorganized sectors presents a key challenge to the growth of the market.
The prevalence of low-cost electric motors from unorganized market sectors poses a significant challenge. While established manufacturers focus on high-quality industrial automation motors for industrial buyers, local makers often target developing markets with more affordable, lower-spec options. This creates intense price competition for global suppliers. These low-cost alternatives, however, frequently suffer from quality issues such as low resistance, electrical overload, and susceptibility to vibrations. Such deficiencies can impair the performance and efficiency of the machinery they are installed in, leading to higher long-term operational costs and potential equipment failure, thereby challenging the adoption of superior smart motor controls and high-efficiency motors.Fluctuating prices of raw materials present another major challenge for motor manufacturers. The cost of key inputs like rare earth magnets, copper motor windings, and specialty alloys can be volatile, directly impacting production costs and profit margins. This price instability makes it difficult for companies to maintain stable pricing for their products, from ac induction motors to high-precision dc motors. Manufacturers must navigate these fluctuations through strategic sourcing, hedging, or by exploring alternative materials, such as developing magnet-free motor designs. This volatility can affect investment in research for technologies like axial flux motors and create uncertainty across the supply chain.
Exclusive Customer Landscape
The electric motor sales market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the electric motor sales market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, electric motor sales market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The company provides a range of electric motors, including high-efficiency models designed for diverse applications across both industrial and commercial sectors. These offerings are engineered to meet the operational demands of various machinery and systems, focusing on performance and energy conservation. The portfolio addresses the need for reliable power conversion solutions in settings that require robust and efficient mechanical energy output.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ABB Ltd.
- Allied Motion Technologies Inc.
- AMETEK Inc.
- Arc Systems Inc.
- Brook Crompton UK Ltd.
- DENSO Corp.
- Franklin Electric Co. Inc.
- Hyosung Heavy Industries Corp.
- Johnson Electric Holdings Ltd.
- Marathon Electric Motors India Ltd.
- Maxon Computer GmbH
- Nidec Corp.
- Regal Rexnord Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
- WEG S.A
- Wolong Electric Group Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Electric Motor Sales Market
In May 2024, Siemens AG announced the sale of its Innomotics business, which includes large drives and electric motors, to KPS Capital Partners for EUR 3.5 billion, with the transaction expected to close in the first half of fiscal year 2025.In May 2024, WEG S.A. entered into an agreement to acquire Volt Electric Motor, a Turkish manufacturer, to expand its production capacity and strengthen its position in the European market.In May 2024, ABB Ltd. expanded its EC Titanium motor range with the introduction of a new 7.5 kW model, enhancing its portfolio of energy-efficient synchronous reluctance motors.In April 2024, Schneider Electric SE introduced its new TeSys motor starters, designed to provide a more sustainable and efficient solution for motor management across various applications.In April 2024, Nidec Corp. announced the upcoming launch of a new series of high-power-class, water-cooled motors designed for industrial machinery, targeting improved performance and durability.
Research Analyst Overview
The global electric motor sales market is defined by the fundamental process of electrical energy conversion into mechanical energy conversion, governed by the electromagnetism principle. This process creates a motor magnetic field, which applies wire coil torque to generate motor shaft force. This mechanism is integral across applications, from industrial machinery pumps and HVAC systems to household appliance motors and power tool motors. While established ac induction motors and dc motor technology are foundational, the shift away from internal combustion engines to automotive propulsion systems reshapes demand. The requirement for durable motor components remains a constant across all sectors, with the market showing an expansion of nearly 6% in the last fiscal period.The market's evolution is further characterized by a focus on high efficiency motors and energy conservation tech, aligning with automation sustainability goals. This trend involves the adoption of brushless dc motors, permanent magnet motors, and emerging designs like axial flux motors and switched reluctance motors, which offer high power density motors for enhanced ev motor performance. For industrial automation motors, precise control motors are achieved through smart motor controls and integrated control systems incorporating servo motors and variable frequency drives. The performance of systems in specialized hermetic motor applications and those using high-voltage induction motors depends on material science, utilizing specialty alloys, rare earth magnets, and high-purity copper motor windings to meet OEM specifications.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Electric Motor Sales Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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293
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Base year
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2024
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Historic period
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2019 - 2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 6.1%
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Market growth 2024-2029
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USD 52.7 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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5.8%
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Key countries
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Japan, China, India, South Korea, Australia, Indonesia, Germany, UK, France, Italy, Spain, The Netherlands, US, Canada, Mexico, Brazil, Argentina, Colombia, UAE, Saudi Arabia, South Africa, Egypt, Nigeria
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Electric Motor Sales Market Research and Growth Report?
- CAGR of the Electric Motor Sales industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, Europe, North America, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the electric motor sales market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Channel
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Global Electric Motor Sales Market 2019 - 2023
- Historic Market Size - Data Table on Global Electric Motor Sales Market 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 Channel segment analysis 2019 - 2023
- Historic Market Size - Channel Segment 2019 - 2023 ($ billion)
- 5.4 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Global Electric Motor Sales Market
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Industrial - Market size and forecast 2024-2029
- Chart on Industrial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Industrial - Market size and forecast 2024-2029 ($ billion)
- Chart on Industrial - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial - Year-over-year growth 2024-2029 (%)
- 8.4 Residential - Market size and forecast 2024-2029
- Chart on Residential - Market size and forecast 2024-2029 ($ billion)
- Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
- Chart on Residential - Year-over-year growth 2024-2029 (%)
- Data Table on Residential - Year-over-year growth 2024-2029 (%)
- 8.5 Commercial - Market size and forecast 2024-2029
- Chart on Commercial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Commercial - Market size and forecast 2024-2029 ($ billion)
- Chart on Commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial - Year-over-year growth 2024-2029 (%)
- 8.6 Automotive - Market size and forecast 2024-2029
- Chart on Automotive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Automotive - Market size and forecast 2024-2029 ($ billion)
- Chart on Automotive - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Channel
- 9 Market Segmentation by Channel
- 9.1 Market segments
- Chart on Channel - Market share 2024-2029 (%)
- Data Table on Channel - Market share 2024-2029 (%)
- 9.2 Comparison by Channel
- Chart on Comparison by Channel
- Data Table on Comparison by Channel
- 9.3 OEMs - Market size and forecast 2024-2029
- Chart on OEMs - Market size and forecast 2024-2029 ($ billion)
- Data Table on OEMs - Market size and forecast 2024-2029 ($ billion)
- Chart on OEMs - Year-over-year growth 2024-2029 (%)
- Data Table on OEMs - Year-over-year growth 2024-2029 (%)
- 9.4 Aftermarket - Market size and forecast 2024-2029
- Chart on Aftermarket - Market size and forecast 2024-2029 ($ billion)
- Data Table on Aftermarket - Market size and forecast 2024-2029 ($ billion)
- Chart on Aftermarket - Year-over-year growth 2024-2029 (%)
- Data Table on Aftermarket - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Channel
- Market opportunity by Channel ($ billion)
- Data Table on Market opportunity by Channel ($ billion)
10 Market Segmentation by Type
- 10 Market Segmentation by Type
- 10.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 10.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 10.3 AC motors - Market size and forecast 2024-2029
- Chart on AC motors - Market size and forecast 2024-2029 ($ billion)
- Data Table on AC motors - Market size and forecast 2024-2029 ($ billion)
- Chart on AC motors - Year-over-year growth 2024-2029 (%)
- Data Table on AC motors - Year-over-year growth 2024-2029 (%)
- 10.4 DC motors - Market size and forecast 2024-2029
- Chart on DC motors - Market size and forecast 2024-2029 ($ billion)
- Data Table on DC motors - Market size and forecast 2024-2029 ($ billion)
- Chart on DC motors - Year-over-year growth 2024-2029 (%)
- Data Table on DC motors - Year-over-year growth 2024-2029 (%)
- 10.5 Hermetic motors - Market size and forecast 2024-2029
- Chart on Hermetic motors - Market size and forecast 2024-2029 ($ billion)
- Data Table on Hermetic motors - Market size and forecast 2024-2029 ($ billion)
- Chart on Hermetic motors - Year-over-year growth 2024-2029 (%)
- Data Table on Hermetic motors - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 12.3.1 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.3.2 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.3.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.3.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.3.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.3.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 12.4.1 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.4.2 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.4.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.4.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.4.5 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 12.4.6 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 12.5 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 12.5.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.5.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.5.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 12.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 12.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 12.6.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 12.7.1 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 12.7.2 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 12.7.3 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 12.7.4 Egypt - Market size and forecast 2024-2029
- Chart on Egypt - Market size and forecast 2024-2029 ($ billion)
- Data Table on Egypt - Market size and forecast 2024-2029 ($ billion)
- Chart on Egypt - Year-over-year growth 2024-2029 (%)
- Data Table on Egypt - Year-over-year growth 2024-2029 (%)
- 12.7.5 Nigeria - Market size and forecast 2024-2029
- Chart on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Data Table on Nigeria - Market size and forecast 2024-2029 ($ billion)
- Chart on Nigeria - Year-over-year growth 2024-2029 (%)
- Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Transition of global automotive industry to EV and robotic technologies
- Increased government incentives to encourage sales of EVs
- Frequent innovative product launches creating opportunity
- 13.2 Market challenges
- Easy availability of low-cost electric motors
- Fluctuating prices of raw materials
- High maintenance costs
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Increasing demand for HVAC systems
- Automakers involved in production of in-house electric motors
- Environmental benefits offered by increasing demand for electric motors
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 ABB Ltd.
- ABB Ltd. - Overview
- ABB Ltd. - Business segments
- ABB Ltd. - Key news
- ABB Ltd. - Key offerings
- ABB Ltd. - Segment focus
- SWOT
- 15.5 Allied Motion Technologies Inc.
- Allied Motion Technologies Inc. - Overview
- Allied Motion Technologies Inc. - Product / Service
- Allied Motion Technologies Inc. - Key offerings
- SWOT
- 15.6 AMETEK Inc.
- AMETEK Inc. - Overview
- AMETEK Inc. - Business segments
- AMETEK Inc. - Key news
- AMETEK Inc. - Key offerings
- AMETEK Inc. - Segment focus
- SWOT
- 15.7 Arc Systems Inc.
- Arc Systems Inc. - Overview
- Arc Systems Inc. - Product / Service
- Arc Systems Inc. - Key offerings
- SWOT
- 15.8 Brook Crompton UK Ltd.
- Brook Crompton UK Ltd. - Overview
- Brook Crompton UK Ltd. - Product / Service
- Brook Crompton UK Ltd. - Key offerings
- SWOT
- 15.9 DENSO Corp.
- DENSO Corp. - Overview
- DENSO Corp. - Business segments
- DENSO Corp. - Key news
- DENSO Corp. - Key offerings
- DENSO Corp. - Segment focus
- SWOT
- 15.10 Franklin Electric Co. Inc.
- Franklin Electric Co. Inc. - Overview
- Franklin Electric Co. Inc. - Business segments
- Franklin Electric Co. Inc. - Key offerings
- Franklin Electric Co. Inc. - Segment focus
- SWOT
- 15.11 Hyosung Heavy Industries Corp.
- Hyosung Heavy Industries Corp. - Overview
- Hyosung Heavy Industries Corp. - Product / Service
- Hyosung Heavy Industries Corp. - Key offerings
- SWOT
- 15.12 Johnson Electric Holdings Ltd.
- Johnson Electric Holdings Ltd. - Overview
- Johnson Electric Holdings Ltd. - Business segments
- Johnson Electric Holdings Ltd. - Key news
- Johnson Electric Holdings Ltd. - Key offerings
- Johnson Electric Holdings Ltd. - Segment focus
- SWOT
- 15.13 Maxon Computer GmbH
- Maxon Computer GmbH - Overview
- Maxon Computer GmbH - Product / Service
- Maxon Computer GmbH - Key offerings
- SWOT
- 15.14 Nidec Corp.
- Nidec Corp. - Overview
- Nidec Corp. - Business segments
- Nidec Corp. - Key news
- Nidec Corp. - Key offerings
- Nidec Corp. - Segment focus
- SWOT
- 15.15 Regal Rexnord Corp.
- Regal Rexnord Corp. - Overview
- Regal Rexnord Corp. - Business segments
- Regal Rexnord Corp. - Key offerings
- Regal Rexnord Corp. - Segment focus
- SWOT
- 15.16 Schneider Electric SE
- Schneider Electric SE - Overview
- Schneider Electric SE - Business segments
- Schneider Electric SE - Key news
- Schneider Electric SE - Key offerings
- Schneider Electric SE - Segment focus
- SWOT
- 15.17 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 15.18 WEG S.A
- WEG S.A - Overview
- WEG S.A - Business segments
- WEG S.A - Key news
- WEG S.A - Key offerings
- WEG S.A - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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