Electric Motor Market Outlook:
Electric Motor Market size was over USD 174.37 billion in 2025 and is projected to reach USD 346.23 billion by 2035, growing at around 7.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of electric motor is evaluated at USD 185.51 billion.
The reason behind the growth is the increasing demand for energy-efficient motors. According to the International Energy Association (IEA) published in the year 2023, the primary cause of the decreased global energy intensity improvement rate is the 1.7% increase in energy demand in 2023, as opposed to the 1.3% increase in the previous year.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of electric motor is evaluated at USD 185.51 billion.
The global electric motor market size was worth over USD 174.37 billion in 2025 and is poised to grow at a CAGR of around 7.1%, reaching USD 346.23 billion revenue by 2035.
Asia Pacific electric motor market is anticipated to capture 38% share by 2035, driven by rapid industrialization and increasing demand for electric motors in HVAC systems.
Key players in the market include ABB Ltd., Johnson Electric Holdings Limited, Allied Motion Technologies, Inc., Ametek Inc., Nidec Motor Corporation, Siemens, Franklin Electric Co., Inc., Schneider Electric, Regal Rexnord Corporation, ORIENTAL MOTOR USA CORP., Mitsubishi Electric Corporation, Hitachi, Ltd., Fuji Electric Co., Ltd., Terra Motors Corporation, Toyota Motor Corporation.
