Global Industrial Motors Industry: Key Statistics and Insights in 2025-2033
Summary:
- The global industrial motors market size reached USD 24.6 Billion in 2024.
- The market is expected to reach USD 33.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.28% during 2025-2033.
- Asia Pacific leads the market, accounting for the largest industrial motors market share.
- The largest segment of the market is composed of alternating current (AC) motors, which are extensively utilized in industrial applications due to their adaptability, efficiency, and compatibility.
- Low voltage motors hold the biggest market share, as they are commonly used in industrial settings, offering a favorable balance of safety, cost-effectiveness, and efficient performance.
- As nations continue to industrialize, the demand for various goods and services is on the rise.
- Globally, government agencies are implementing stringent energy efficiency standards and regulations for industrial equipment, including motors.
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Industry Trends and Drivers:
- Industrialization and Manufacturing:
As countries undergo industrialization, there is a growing demand for goods and services. This increased production requires industrial motors in various applications, including conveyor systems, pumps, compressors, and manufacturing machinery. With advancements in industrialization, there is a shift toward automation in manufacturing processes. Industrial motors are key components of automated systems, powering robots, conveyor belts, and assembly lines, which boost productivity and efficiency. Additionally, industrial motors are used in various infrastructure projects, such as HVAC systems in commercial buildings, elevators, escalators in urban centers, and water pumps for municipal water supply systems.
- Energy Efficiency:
Government agencies worldwide are enforcing strict energy efficiency standards and regulations for industrial equipment, including motors. Manufacturers must follow these regulations, which require energy-efficient motors in industrial applications. Energy-efficient motors use less electricity for the same output, leading to significant energy cost savings for industrial users. Businesses see the long-term financial benefits of investing in energy-efficient motors, making them a popular choice. Industries face growing pressure to lower their carbon footprint and environmental impact. Energy-efficient motors create fewer greenhouse gas emissions and use fewer resources, supporting sustainability goals and corporate responsibility efforts.
- Technological Advancements:
Technological advancements lead to the development of high-efficiency motors. These motors use less energy and generate less heat, resulting in cost savings and less environmental impact for industrial users. Energy efficiency standards and regulations also drive the adoption of these motors. Variable frequency drive (VFD) technology allows for precise control of motor speed and power output. This not only boosts energy efficiency but also enables smoother operation and reduces wear on motors.
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Industrial Motors Market Report Segmentation:
By Type of Motor:
- Alternating Current (AC) Motor
- Direct Current (DC) Motor
- Others
Alternating current (AC) motor represented the largest segment due to its widespread use in industrial applications, offering versatility, efficiency, and compatibility.
By Voltage:
- Low Voltage
- Medium Voltage
- High Voltage
Low voltage accounted for the largest market share as it is commonly used for most industrial applications, providing a balance between safety, cost-effectiveness, and efficient performance.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Asia Pacific enjoys the leading position in the industrial motors market, which can be attributed to its robust industrialization, rapid economic growth, and extensive manufacturing activities.
Top Industrial Motors Market Leaders:
The industrial motors market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- ABB Ltd.
- Brook Crompton
- Hitachi Ltd.
- Johnson Electric Holdings Limited
- Menzel Elektromotoren GmbH
- Nidec Corporation
- Regal Rexnord Corporation
- Rockwell Automation Inc.
- Siemens AG
- Toshiba Corporation
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