Electric Motors Accessories Market Size 2026-2030
The electric motors accessories market size is valued to increase by USD 1.54 billion, at a CAGR of 6.1% from 2025 to 2030. Growing use of electric motors accessories in automotive sector will drive the electric motors accessories market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 53.4% growth during the forecast period.
- By Channel - Aftermarket segment was valued at USD 2.25 billion in 2024
- By End-user - Automotive segment accounted for the largest market revenue share in 2024
Market Size & Forecast
- Market Opportunities: USD 2.52 billion
- Market Future Opportunities: USD 1.54 billion
- CAGR from 2025 to 2030 : 6.1%
Market Summary
- The electric motors accessories market is foundational to the advancement of industrial automation and vehicle electrification. Integral components such as high-efficiency motor controllers, durable motor bearings, and advanced thermal management solutions are no longer passive parts but active enablers of performance and reliability.
- The push for greater energy efficiency, mandated by stringent global standards, necessitates the adoption of sophisticated accessories like variable frequency drives and synchronous motors, which optimize power consumption. In a practical business scenario, a large-scale logistics company leverages IoT-enabled monitoring systems integrated into its fleet's electric powertrain.
- These systems use smart sensors to track real-time performance data from motor inverters and cooling systems, feeding information into a predictive maintenance algorithm. This allows for the pre-emptive replacement of components like motor shafts or gearheads, reducing vehicle downtime by over 30% and optimizing supply chain efficiency.
- This shift from reactive repair to data-driven upkeep highlights the critical role of advanced accessories in modern operational strategy, where challenges of component compatibility and power density are met with innovations in modular design and power electronics.
What will be the Size of the Electric Motors Accessories Market during the forecast period?
Get Key Insights on Market Forecast (PDF) Request Free Sample
How is the Electric Motors Accessories Market Segmented?
The electric motors accessories industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.
- Channel
- Aftermarket
- OEM
- End-user
- Automotive
- Household appliances
- HVAC
- Industrial machinery
- Others
- Application
- Water pump
- Machine tool
- Medical equipment
- Others
- Geography
- APAC
- China
- India
- Japan
- Europe
- Germany
- France
- UK
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of World (ROW)
- APAC
By Channel Insights
The aftermarket segment is estimated to witness significant growth during the forecast period.
The aftermarket channel is integral to asset lifecycle management, supplying replacement parts and upgrade solutions for operational electric motors.
This ecosystem, comprising independent distributors and service centers, addresses sustained demand driven by aging industrial infrastructure and the expanding base of electric vehicles.
The emphasis on minimizing operational downtime, which can be reduced by 25% with proactive component replacement, fuels this segment.
Adherence to circular economy initiatives is also promoting the use of remanufactured components like rotary encoders, absolute encoders, and thermal management solutions. Through digital twin modeling and smart sensor integration for vibration analysis, workshops can perform more accurate diagnostics.
Utilizing tools like incremental encoders and resolvers in end-of-line testing ensures that refurbished permanent magnet synchronous motor units and motor housings meet original performance specifications, making repair a cost-effective alternative to full system replacement.
The Aftermarket segment was valued at USD 2.25 billion in 2024 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 53.4% 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.
See How Electric Motors Accessories Market Demand is Rising in APAC Request Free Sample
The geographic landscape is characterized by varied regional dynamics, with APAC contributing over 53% of the incremental growth opportunity.
This dominance is driven by extensive government support for automated manufacturing systems and renewable energy systems, resulting in regional expansion rates exceeding 6%.
In North America and Europe, the focus is on upgrading legacy industrial automation systems with high-efficiency motion control solutions and advanced servo motors, improving output by 15%.
Strategic supply chain optimization is critical globally, as manufacturers of components like motor flanges, linear actuators, and gearheads adapt to demand shifts.
The integration of Industry 4.0 principles, including robotic process automation, is accelerating the adoption of sophisticated motor shafts, essential for enhancing asset lifecycle management and production agility across key industrial hubs.
Market Dynamics
Our researchers analyzed the data with 2025 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 motors accessories market 2026-2030 is advancing through specialized applications that demand high-performance components. The adoption of high-efficiency motors for hvac systems is a key trend, where accessories must ensure reliability and low energy use.
- In the automotive sector, accessories for automotive electric motors are critical for performance, with a focus on thermal management for electric vehicle motors and power electronics for ev powertrain. The industrial space leverages predictive maintenance for industrial machinery motors, using IoT sensors for water pump motors and encoders for robotic automation systems to minimize downtime.
- Smart controllers for household appliance motors enhance user experience and efficiency. The development of lightweight components for aerospace motors and compact drives for medical equipment motors highlights the move towards specialization. Innovations include energy-efficient synchronous motor accessories and variable speed drives for industrial fans, which offer precise control.
- Advanced cooling for high-performance motors and brushless dc motor control modules are becoming standard. The push for a standardized electric motor charging infrastructure is shaping component design. Moreover, firms utilizing regenerative braking system components report energy recovery rates over 25%, a significant improvement that directly impacts operational costs.
- Vibration damping for industrial motors, integrated safety features in motor drives, motor accessories for renewable energy generation, and high-power-density motor design accessories are all contributing to a more sophisticated and efficient market landscape.
What are the key market drivers leading to the rise in the adoption of Electric Motors Accessories Industry?
- The expanding use of electric motor accessories within the automotive sector, propelled by vehicle electrification, serves as a primary driver for market growth.
- The automotive sector's shift toward powertrain electrification is a primary market driver, fueling demand for specialized accessories. The adoption of brushless DC motors and synchronous motors in electric axle drives is critical for achieving performance targets.
- This transition is supported by accessories like advanced motor speed controls and high-efficiency electric water pump systems, which are essential for thermal regulation.
- The use of lightweight materials and compact design principles in these components helps reduce vehicle weight, improving range by as much as 10%.
- Furthermore, innovations in power electronics are enhancing the effectiveness of regenerative braking systems, capturing more energy during deceleration.
- The industry-wide move to adopt the North American Charging Standard also underscores the need for interoperable and reliable accessories that ensure operational reliability across different charging infrastructures.
What are the market trends shaping the Electric Motors Accessories Industry?
- The increasing demand for high-efficiency HVAC systems is a significant trend, driven by global urbanization and stricter energy standards that boost the need for advanced motor accessories.
- The increasing demand for intelligent climate control is a pivotal trend, with smart building technologies driving the adoption of advanced motor accessories. The integration of a motor starter with sophisticated motor control systems allows for enhanced performance in HVAC units, where energy efficiency standards are increasingly stringent.
- These systems leverage variable frequency drives and high-performance AC drives to optimize energy consumption, reducing operational costs by up to 15%. Through IoT-enabled monitoring and predictive maintenance solutions, facilities can use data-driven diagnostics from cooling systems and motor bearings for real-time performance tracking.
- This shift enables proactive maintenance, extending equipment lifespan and ensuring that stepper motors within automated dampers operate with precision, ultimately improving indoor environmental quality and compliance.
What challenges does the Electric Motors Accessories Industry face during its growth?
- A key challenge affecting industry growth is the limitation on power ratings for electric motor accessories, which impacts their compatibility and performance across various applications.
- A significant market challenge is designing high-power-rated motor controllers and other accessories that are compatible with a wide array of motor specifications without compromising performance. The need for functional safety compliance and electromagnetic compatibility adds layers of complexity to the development of electric motor controllers and inverters.
- As motors become more compact, achieving effective power density optimization in drive systems becomes difficult, potentially leading to thermal runaway prevention issues if not managed correctly. An integrated motor design approach can address some of these issues by reducing component mismatch, while modular system design offers flexibility.
- However, developing universal solutions for components like motor brakes, terminal boxes, and motor couplings that meet diverse power requirements remains a persistent engineering hurdle, impacting both cost and scalability.
Exclusive Technavio Analysis on Customer Landscape
The electric motors accessories 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 motors accessories 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 of Electric Motors Accessories Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, electric motors accessories market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - Offers essential electric motor accessories, including terminal boxes, flanges, and cooling fans, crucial for optimizing motor functionality and system integration across industrial applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- ABB Ltd.
- Bodine Electric Co.
- Brook Crompton UK Ltd.
- Danfoss AS
- ESR Pollmeier Gmbh
- Kollmorgen Corp.
- Lenze SE
- MSC Indl. Direct Co. Inc.
- Nanotec Elec. GmbH and Co. KG
- Nidec Corp.
- Oriental Motor Co. Ltd.
- Parker Hannifin Corp.
- Regal Rexnord Corp.
- Sdtronics Pvt. Ltd.
- Selec Controls Pvt. Ltd.
- Siemens AG
- TAMAGAWA SEIKI Co. Ltd.
- TVH Parts Holding NV
- WEG S.A
- Yaskawa Electric Corp.
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 motors accessories market
- In August 2024, ZF Aftermarket introduced a portfolio of 25 Electric Axle Drive Repair Kits for the US and Canadian markets, enabling workshops to service electric axle drives without removing the entire motor assembly.
- In September 2024, Bosch announced the deployment of its next-generation electric water pump platform for BEVs, featuring intelligent thermal management and remote diagnostic capabilities for dynamic coolant flow adjustments.
- In January 2025, Siemens AG launched a new series of IoT-enabled motor controllers with integrated predictive maintenance algorithms, designed to reduce unplanned downtime in industrial automation settings by up to 20%.
- In April 2025, Nidec Corp. completed its acquisition of a specialized sensor technology firm, integrating advanced position and speed sensing capabilities into its automotive electric motor accessory portfolio.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Electric Motors Accessories Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 296 |
| Base year | 2025 |
| Historic period | 2020-2024 |
| Forecast period | 2026-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 6.1% |
| Market growth 2026-2030 | USD 1539.7 million |
| Market structure | Fragmented |
| YoY growth 2025-2026(%) | 5.8% |
| Key countries | China, India, Japan, South Korea, Australia, Indonesia, Germany, France, UK, Italy, Spain, The Netherlands, US, Canada, Mexico, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, Egypt, UAE and Turkey |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The electric motors accessories market is defined by continuous innovation in components essential for modern industrial and automotive systems. The integration of brushless dc motors, synchronous motors, and permanent magnet synchronous motor technologies is driven by a persistent need for higher efficiency and performance.
- Boardroom decisions are heavily influenced by the need to comply with evolving energy efficiency standards, which dictates R&D investment in advanced drive systems, including ac drives and variable frequency drives. For instance, advanced thermal management solutions have demonstrated the ability to extend motor lifespan by up to 20% in high-stress applications, a crucial factor for budgeting and asset management.
- Components like motor controllers, motor speed controls, and motion control solutions are becoming more sophisticated, incorporating power electronics and industrial automation systems.
- The market's complexity is also seen in the variety of essential parts, from motor bearings, flanges, and shafts to resolvers, encoders, and motor brakes, all pivotal for achieving precision and reliability in applications ranging from electric water pumps to complex powertrain electrification.
What are the Key Data Covered in this Electric Motors Accessories Market Research and Growth Report?
-
What is the expected growth of the Electric Motors Accessories Market between 2026 and 2030?
-
USD 1.54 billion, at a CAGR of 6.1%
-
-
What segmentation does the market report cover?
-
The report is segmented by Channel (Aftermarket, and OEM), End-user (Automotive, Household appliances, HVAC, Industrial machinery, and Others), Application (Water pump, Machine tool, Medical equipment, and Others) and Geography (APAC, Europe, North America, South America, Middle East and Africa)
-
-
Which regions are analyzed in the report?
-
APAC, Europe, North America, South America and Middle East and Africa
-
-
What are the key growth drivers and market challenges?
-
Growing use of electric motors accessories in automotive sector, Limitations of power rating in electric motor accessories
-
-
Who are the major players in the Electric Motors Accessories Market?
-
ABB Ltd., Bodine Electric Co., Brook Crompton UK Ltd., Danfoss AS, ESR Pollmeier Gmbh, Kollmorgen Corp., Lenze SE, MSC Indl. Direct Co. Inc., Nanotec Elec. GmbH and Co. KG, Nidec Corp., Oriental Motor Co. Ltd., Parker Hannifin Corp., Regal Rexnord Corp., Sdtronics Pvt. Ltd., Selec Controls Pvt. Ltd., Siemens AG, TAMAGAWA SEIKI Co. Ltd., TVH Parts Holding NV, WEG S.A and Yaskawa Electric Corp.
-
Market Research Insights
- The market's momentum is increasingly shaped by the push for enhanced operational reliability and efficiency across sectors. Innovations in predictive maintenance solutions and IoT-enabled monitoring are becoming standard, with implementations showing up to a 20% reduction in unscheduled downtime. The adoption of advanced driver-assistance systems is directly tied to sophisticated motor control, where real-time performance tracking improves responsiveness.
- Furthermore, alignment with stringent energy efficiency standards is driving development, as integrated motor designs can lower energy use by 15% compared to conventional setups. These advancements, coupled with data-driven diagnostics from smart sensor integration, are creating a landscape where accessories are pivotal to achieving performance gains and functional safety compliance.
We can help! Our analysts can customize this electric motors accessories market research report to meet your requirements.