This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Industrial Motors Market

Find out with FMI How the Shift to Industry 4.0 is Set to Fuel Sales of Industrial Motors across the United States, the United Kingdom, Korea, Japan, and 30+ Countries!

Industrial Motors Market by Product Type, Power Output, End Use & Region | Forecast 2022 to 2032

Industrial Motors Market Outlook 2022 to 2032

The global industrial motors market was valued at US$ 653.0 million in 2022. From 2022 to 2032, the market is projected to expand slowly at a CAGR of 3.5%. This is likely to propel the market’s valuation to US$ 917.3 million in 2032.

Industrial motors are electric motors that are used for deriving mechanical energy from electicity. Most industrial motors are powered by sources of alternating current (AC) such as generators and power grids. However, certain industrial motors are designed to be compatible with direct current (DC).

These motors can draw power from batteries. Both AC and DC industrial motors are critical across all industries for their usefulness in powering machine and power tools, pumps, industrial fans, rolling mills, turbines, compressors, and more. In recent years, players in the industrial motors market have launched universal motors as well, which are compatible with both AC and DC sources.

AC motors are categorized into synchronous and asynchronous motors. Synchronous motors are dependent on the connection between mechanics and electricity. They are typically used in electrical generators as they are adept at maintaining electrical efficiency and managing power losses.

Asynchronous motors are reliant on electromagnetic induction, which turns the motors’ rotors. Also known as induction motors, these motors are common across industrial plants where heavy-duty lifting equipment use is necessary.

DC motors are categorized into brushed and brushless motors. Brushed motors need enhanced power sources for operations, and their use is prevalent in industrial cranes and hoists. Brushless motors, as their name suggests, can operate without brushes. These motors are finding more favor across industrial plants, especially the ones with presses, as they are safer than brushed motors.

Every industrial motor consists of five critical components. The rotor or armature is the motor’s moving part. It facilitates shaft rotation, which results in the generation of mechanical power. Right in the middle of the electromagnetic circuit lies the stator, which has the ability of decreasing energy use. Between the stator and rotor, there should be an air gap. Without an air gap, the motor’s performance is likely to be hampered. However, the air gap should be minimal. Industrial motors also consist of insulated wires known as coils or windings. These wires are typically made of copper. Aluminum wires are also becoming increasingly popular. The final critical component is the commutator, which is responsible for the switching process.

Attribute

Key Insights

Estimated Industrial Motors Market Value (2022)

~US$ 653.0 million

Projected Market Value (2032)

~US$ 917.3 million

Value-based CAGR (2022 to 2032)

~3.5%

Top Players Share in 2021

~43.0%

Customize this Report

Let us know your requirement to get
100% FREE customization

2017 to 2021 Industrial Motors Market Outlook Compared to 2022 to 2032 Demand Forecast

From 2017 to 2021, the global industrial motors market was observed to expand at an extremely sluggish CAGR of around 1.7%. This sluggish rate of expansion came as a result of the impact of the COVID-19 pandemic. During the pandemic’s worst phases where lockdowns had to be enforced, industrial activities came to a grinding halt and the manufacturing industry took the biggest hit.

Compared to the CAGR registered by the market between 2017 and 2021, the 3.5% CAGR anticipated from 2022 to 2032 reflects a more positive market environment. The increasing emphasis on Industry 4.0 is set to drive market acceleration in the coming years. Across several regions, industrial automation is driving the manufacturing industry toward greater productivity.

According to the Industrial Energy Accelerator, millions of electrical motors installed worldwide utilize roughly 70% of all electrical energy consumed by various companies. Motors are essential in practically every sector, as they power basic industrial processes and auxiliary systems including ventilation, compressed air generation, and water pumping.

Europe is anticipated to hold a prominent share of the market due to the growing end use industry in the region which is anticipated to boost the market from 2022 to 2032. According to Future Market Insights (FMI) estimates, Europe is likely to have a 30% share in the global market in 2032.

Comparative Analysis of Industrial Motors Markets

Industrial Motors Market:

Differentiating Aspects

Industrial Motors Market

CAGR in 2022 to 2032

3.5%

Current Valuation in 2022

US$ 653.0 million

Projected Valuation in 2032

US$ 917.3 million

Demand Drivers

  • Recommencement of industrial activities following disruptions during the COVID-19 pandemic is expected to drive market expansion.
  • Gradual adoption and implementation of Industry 4.0 are likely to accelerate the market from 2022 to 2032.

Traction Motors Market:

Differentiating Aspects

Traction Motors Market

CAGR in 2022 to 2032

13.0%

Current Valuation in 2022

US$ 11.7 billion

Projected Valuation in 2032

US$ 30.0 billion

Demand Drivers

  • Growing demand from electronics and automotive industries for high performance motors is slated to spell success for the market.
  • Rising focus on sustainability is leading to increasing adoption of traction motors for their benefits in terms of performance and limited carbon emissions.

Stair Lift Motors Market:

Differentiating Aspects

Stair Lift Motors Market

CAGR in 2022 to 2032

4.3%

Current Valuation in 2022

US$ 139.3 million

Projected Valuation in 2032

US$ 211.6 million

Demand Drivers

  • Increasing investments in medical infrastructure are likely to fuel demand for stair lift motors.
  • Government rules and regulations enforcing the adoption of stair lift motors in the medical industry are also set to play a prominent role in fueling market acceleration.
Nikhil Kaitwade
Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

What are the Growth Drivers Supporting the Sales of Industrial Motors?

Rising Awareness of Smart Motors to Fuel Sales of Automation-driven Industrial Motors

Trends in the market for industrial motors are fast changing. Traditional motor designs and installation specifications have changed drastically since the introduction of smart technology. Motors have become more capable and versatile as a result of the incorporation of digital technologies.

Motors with sophisticated controllers and advanced communication capabilities can be leveraged by manufacturers to increase performance and achieve operational efficiencies. Smart motors allow for predictive machine diagnosis, which reduces downtime and increases process efficiency.

The industrial internet of things (IIoT), which provides a higher ROI than traditional motors, has resulted in the replacement of conventional machinery with smart, modern variants. Due to technical advancements, manufacturers can now create smart motors that use less energy and provide more efficiency at a cheaper cost. Smart motor manufacturers claim that their products can reduce energy consumption by 40%. As a result of these factors, the sales of industrial motors are increasing.

How are Market Players Predicted to Make the Most of Opportunities in the Years Ahead?

Research & Development the Only Way Forward for Market Players to Innovate and Capitalize on Opportunities

With exponential advancements in the energy and utility sectors, the industrial motors market is transforming in line with growing industry 4.0 trends. Simultaneously, policies aimed at reducing energy consumption, cutting CO2 emissions, and maintaining reliable power supply systems are driving demand for modern industrial motors. Efficient motors help to reduce energy expenses and CO2 emissions.

According to ABB, electric motors utilize around 65% of the electricity used in industrial applications. As a result, the industry's potential for energy savings is enormous. Due to the growing application of the Industrial Internet of Things (IIoT), users of manufacturing equipment have shifted their focus to a life cycle strategy, which involves investing in critical equipment to get the best returns on investment (ROI). As a result, rigorous research and the implementation of industry standards in products are likely to create attractive opportunities for established players to build a comprehensive product portfolio and attain worldwide market domination.

MarketNage
Become a MarketNgage Insider

A unified Market Research Subscription Platform, built for today's disparate research needs.

Country wise Insights

Why is the United States Market Expected to Be a Dominant Force?

Full-swing Industrial Operations in the United States to Fuel Demand for Industrial Motors

In 2022, the United States industrial motors market was estimated to register 2.8% year on year growth by volume. Due to increased exploitation of shale reserves and oil & gas projects expected in the coming years, the United States is predicted to lead the industrial motors market between 2022 and 2032.

Strict wastewater treatment policies in all industries, recovery in the oil & gas and mining industries, developments in the construction industry, and expansion of industrial infrastructure are the prominent factors driving the market. The study projects that the United States market is likely to surpass a valuation of US$ 167.2 million in 2032.

How is China Market for Industrial Motors Poised to Evolve?

Chinese Government’s Initiatives to Transform Industry Operations to Spur Market Acceleration

From 2022 to 2032, China market for industrial motors is estimated to grow at a CAGR of 4.1%. In China, smart manufacturing activities are promoting the usage of industrial motors. The country has launched several smart manufacturing pilot projects, according to the Ministry of Industry and Information Technology.

According to the 14th smart manufacturing five year plan, the government also plans to improve its intelligent manufacturing systems and transform the country’s primary industries by 2025. A valuation of US$ 166.7 million is anticipated for China market for industrial motors in 2032.

What Does the Future Hold for India Market for Industrial Motors?

Government’s Drive to Make India Self-Sufficient to Accelerate Country’s Industrial Motors Market

India is a market to watch out for from 2022 to 2032 due to its status as a rapidly-growing economy. In an update shared by the Government of India in 2022, 42 oil & gas blocks had been put up for development via competitive international bidding. The Government has suggested that it is open to doubling the area to be developed for reducing the country’s reliance on foreign countries for its fuel.

FMI expects India market for industrial motors to register a steady 5.4% CAGR between 2022 and 2032. As industrial activities in the country continue to expand, the coming years are anticipated to be ripe for both local and international players.

Category wise Insights

Why is the Oil & Gas Industry Anticipated to Dominate the Market Growth by End Use?

Emission Reduction Priorities to Push Demand for Industrial Motors in Oil & Gas Sector

The global oil & gas industry was estimated to have reached a value of US$ 112.7 million in 2022 and it is projected to reach US$ 164.6 million by 2032, registering a CAGR of 3.9% from 2022 to 2032. With growing awareness of rapid climate change and the need to reduce CO2 emissions, the oil & gas market is increasingly recognizing the importance of energy efficient motors.

Technological advancements and innovations are essential drivers of industry growth. Growing demand for industrial motors that can withstand even the most demanding applications while providing high efficiency and low maintenance is also driving market growth. As oil & gas production and consumption grow, the demand for efficient machinery is set to boost the sales of industrial motors in the oil & gas industry.

Which Product Type is Anticipated to Dominate the Market for Industrial Motors Globally?

AC Motor Sales to Skyrocket Owing to Benefits Such as Low Maintenance Needs and Reliability

By product type, the AC Motors type is projected to create an absolute dollar opportunity of more than US$ 196.4 million between 2022 and 2032. The AC motors segment dominates the market and is predicted to increase significantly in the coming years due to the reliability and low maintenance requirements of AC motors compared to DC motors.

Besides this, these motors do not require commutators, brushes, or slip rings. They do not have parts that wear out on a regular basis, making them ideal for applications where the motor must be continuously available to operate without supervision.

Competitive Landscape

Globally, leading organizations are strategizing to generate profits by delivering industrial motors under integrated units. Incorporation of controlling solutions, monitoring systems, integrated controllers, and other auxiliary components are resulting in increased brand visibility. Key manufacturers are focusing on expanding their regional markets and establishing a direct presence in local markets through mergers and acquisitions with local suppliers. They are also increasing their investments in technologically enhanced products to fulfil demand from end use industries.

For instance:

  • In June 2021, ON Semiconductor, a semiconductor supplier based in Arizona, United States, announced new power factor correction modules to be used in drives of industrial motors, HVAC, and servo drives.

Industrial Motors Industry Report Scope

Attribute

Details

Estimated Market Size (2022)

US$ 653.0 million

Projected Market Size (2032)

US$ 917.3 million

Anticipated Growth Rate (2022 to 2032)

3.5%

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

US$ million for Value

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia Pacific, and Middle East and Africa

Key Countries Covered

The United States., Canada, Mexico, Brazil, Germany, Italy, France, The United Kingdom., Spain, BENELUX, Russia, Turkey, South Africa, Gulf Co-operation Council Countries, Northern Africa, Japan, China, South Korea, India, ASEAN, Australia, New Zealand.

Key Segments Covered

Power Output, Product Type, End Use, Region

Key Companies Profiled

  • General Electric Rotronic AG
  • Hitachi Ltd.
  • Nidec Corporation
  • WEG SA
  • Siemens AG
  • ABB Ltd.
  • Regal Rexnord Corporation
  • Toshiba Corporation
  • Hyosung Corporation
  • Bonfiglioli Riduttori S.p.A.
  • Kirloskar Electric Company
  • Hyundai Electric & Energy Systems Co., Ltd.
  • Menzel Elektromotoren GmbH

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiative

Global Industrial Motors Market by Category

By Power Output:

  • 1 to 5 MW
  • 5 to 10 MW
  • 10 to 15 MW
  • 15 to 20 MW
  • 20 to 25 MW

By Product Type:

  • AC Motors
    • Induction Motor
    • Synchronous Motor
  • DC Motors
    • Brushed DC
    • Brushless DC

By End Use:

  • Oil & Gas
  • Energy
  • Mining
  • Cement
  • Metal and Steel
  • Pulp and Paper
  • Chemical
  • Water and Wastewater
  • Marine

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

The global market for industrial motors was estimated to have a valuation of US$ 653.0 million in 2022.

The demand for industrial motors is projected to increase by 3.5% from 2022 to 2032.

The demand in India is projected to grow at 5.4% CAGR from 2022 to 2032.

ABB Group, Siemens AG, Hyundai Electric Co. Ltd., Toshiba Corporation, Nidec Corporation, Hitachi, Ltd., WEG S.A., General Electric Co., Bonfiglioli Riduttori S.p.A. and Hyosung Corporation are the top players holding 70% to 80% of the global market share.

The market for industrial motors by volume in China is expected to surge at 4.1% CAGR between 2022 and 2032.

Table of Content

1. Executive Summary | Industrial Motors Market

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition

3. Key Market Trends

    3.1. Key Trends Impacting the Market

4. Key Success Factors

5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032

    5.1. Historical Market Volume (Units) Analysis, 2017 to 2021

    5.2. Current and Future Market Volume (Units) Projections, 2022 to 2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Power Output

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ million) Analysis 2017 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ million) Analysis, 2017 to 2021

    7.2. Current and Future Market Value (US$ million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Growth Outlook

        8.1.2. Real GDP Growth

        8.1.3. Manufacturing, value added by Key Countries

        8.1.4. Industry Value Added by key Countries

        8.1.5. Global Chemical Industry Outlook

        8.1.6. Global Mining Industry Overview

        8.1.7. Global Crude Oil Production and Demand Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Power Generation Industry Outlook

        8.2.2. Impact of Regulations

        8.2.3. Top Companies Historical Growth

        8.2.4. Growth in Production Capacities

        8.2.5. New Product Development

        8.2.6. Acquisitions by Leading Players

    8.3. Value Chain

        8.3.1. List of Manufacturers

    8.4. COVID-19 Crisis – Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2017 to 2021

    9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2022 to 2032

        9.3.1. AC Motors

            9.3.1.1. Induction Motor

            9.3.1.2. Synchronous Motor

        9.3.2. DC Motors

            9.3.2.1. Brushed DC

            9.3.2.2. Brushless DC

    9.4. Market Attractiveness Analysis By Product Type

10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Power Output

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ million) and Volume Analysis By Power Output, 2017 to 2021

    10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Power Output, 2022 to 2032

        10.3.1. 1-5 MW

        10.3.2. 5 – 10 MW

        10.3.3. 10 - 15 MW

        10.3.4. 15 - 20 MW

        10.3.5. 20 - 25 MW

    10.4. Market Attractiveness Analysis By Power Output

11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2017 to 2021

    11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2022 to 2032

        11.3.1. Oil & Gas

        11.3.2. Energy

        11.3.3. Mining

        11.3.4. Cement

        11.3.5. Metal and Steel

        11.3.6. Pulp and Paper

        11.3.7. Chemical

        11.3.8. Water and Wastewater

        11.3.9. Marine

        11.3.10. Other Industrial

    11.4. Market Attractiveness Analysis By End Use

12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2017 to 2021

    12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2022 to 2032

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia and the Pacific

        12.3.6. The Middle East and Africa (MEA)

    12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    13.1. Introduction

    13.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    13.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        13.3.1. By Country

            13.3.1.1. The United States

            13.3.1.2. Canada

        13.3.2. By Product Type

        13.3.3. By Power Output

        13.3.4. By End Use

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Product Type

        13.4.3. By Power Output

        13.4.4. By End Use

14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        14.3.1. By Country

            14.3.1.1. Brazil

            14.3.1.2. Mexico

            14.3.1.3. Rest of Latin America

        14.3.2. By Product Type

        14.3.3. By Power Output

        14.3.4. By End Use

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Product Type

        14.4.3. By Power Output

        14.4.4. By End Use

15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. The United Kingdom

            15.3.1.5. Spain

            15.3.1.6. BENELUX

            15.3.1.7. Russia

            15.3.1.8. Rest of Europe

        15.3.2. By Product Type

        15.3.3. By Power Output

        15.3.4. By End Use

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Product Type

        15.4.3. By Power Output

        15.4.4. By End Use

16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        16.3.1. By Country

            16.3.1.1. China

            16.3.1.2. Japan

            16.3.1.3. South Korea

        16.3.2. By Product Type

        16.3.3. By Power Output

        16.3.4. By End Use

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Product Type

        16.4.3. By Power Output

        16.4.4. By End Use

17. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        17.3.1. By Country

            17.3.1.1. India

            17.3.1.2. ASEAN

            17.3.1.3. Oceania

            17.3.1.4. Rest of South Asia & Pacific

        17.3.2. By Product Type

        17.3.3. By Power Output

        17.3.4. By End Use

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Product Type

        17.4.3. By Power Output

        17.4.4. By End Use

18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021

    18.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2022 to 2032

        18.3.1. By Country

            18.3.1.1. GCC Countries

            18.3.1.2. Turkey

            18.3.1.3. Northern Africa

            18.3.1.4. South Africa

            18.3.1.5. Rest of Middle East and Africa

        18.3.2. By Product Type

        18.3.3. By Power Output

        18.3.4. By End Use

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Product Type

        18.4.3. By Power Output

        18.4.4. By End Use

19. Key Countries Market Analysis

        19.1.1. Introduction

        19.1.2. Market Value Proportion Analysis, By Key Countries

        19.1.3. Global Vs. Country Growth Comparison

    19.2. The United States Market Analysis

        19.2.1. By Product Type

        19.2.2. By Power Output

        19.2.3. By End Use

    19.3. Canada Market Analysis

        19.3.1. By Product Type

        19.3.2. By Power Output

        19.3.3. By End Use

    19.4. Mexico Market Analysis

        19.4.1. By Product Type

        19.4.2. By Power Output

        19.4.3. By End Use

    19.5. Brazil Market Analysis

        19.5.1. By Product Type

        19.5.2. By Power Output

        19.5.3. By End Use

    19.6. Germany Market Analysis

        19.6.1. By Product Type

        19.6.2. By Power Output

        19.6.3. By End Use

    19.7. Italy Market Analysis

        19.7.1. By Product Type

        19.7.2. By Power Output

        19.7.3. By End Use

    19.8. France Market Analysis

        19.8.1. By Product Type

        19.8.2. By Power Output

        19.8.3. By End Use

    19.9. The United Kingdom Market Analysis

        19.9.1. By Product Type

        19.9.2. By Power Output

        19.9.3. By End Use

    19.10. Spain Market Analysis

        19.10.1. By Product Type

        19.10.2. By Power Output

        19.10.3. By End Use

    19.11. BENELUX Market Analysis

        19.11.1. By Product Type

        19.11.2. By Power Output

        19.11.3. By End Use

    19.12. Russia Market Analysis

        19.12.1. By Product Type

        19.12.2. By Power Output

        19.12.3. By End Use

    19.13. China Market Analysis

        19.13.1. By Product Type

        19.13.2. By Power Output

        19.13.3. By End Use

    19.14. Japan Market Analysis

        19.14.1. By Product Type

        19.14.2. By Power Output

        19.14.3. By End Use

    19.15. S. Korea Market Analysis

        19.15.1. By Product Type

        19.15.2. By Power Output

        19.15.3. By End Use

    19.16. India Market Analysis

        19.16.1. By Product Type

        19.16.2. By Power Output

        19.16.3. By End Use

    19.17. ASEAN Market Analysis

        19.17.1. By Product Type

        19.17.2. By Power Output

        19.17.3. By End Use

    19.18. Oceania Market Analysis

        19.18.1. By Product Type

        19.18.2. By Power Output

        19.18.3. By End Use

    19.19. GCC Countries Market Analysis

        19.19.1. By Product Type

        19.19.2. By Power Output

        19.19.3. By End Use

    19.20. Turkey Market Analysis

        19.20.1. By Product Type

        19.20.2. By Power Output

        19.20.3. By End Use

    19.21. Northern Africa Market Analysis

        19.21.1. By Product Type

        19.21.2. By Power Output

        19.21.3. By End Use

    19.22. South Africa Market Analysis

        19.22.1. By Product Type

        19.22.2. By Power Output

        19.22.3. By End Use

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies ()

    20.2. Market Share Analysis of Top Players

    20.3. Market Presence Analysis – By Product Footprint

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. General Electric

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Key Financials by Market Segments (Product/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. Hitachi Ltd.

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Key Financials by Market Segments (Product/Region)

            21.3.2.4. Sales Footprint

            21.3.2.5. Strategy Overview

        21.3.3. Nidec Corporation

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Key Financials by Market Segments (Product/Region)

            21.3.3.4. Sales Footprint

            21.3.3.5. Strategy Overview

        21.3.4. WEG SA

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Key Financials by Market Segments (Product/Region)

            21.3.4.4. Sales Footprint

            21.3.4.5. Strategy Overview

        21.3.5. Siemens AG

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Key Financials by Market Segments (Product/Region)

            21.3.5.4. Sales Footprint

            21.3.5.5. Strategy Overview

        21.3.6. ABB Ltd.

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Key Financials by Market Segments (Product/Region)

            21.3.6.4. Sales Footprint

            21.3.6.5. Strategy Overview

        21.3.7. Regal Rexnord Corporation

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Key Financials by Market Segments (Product/Region)

            21.3.7.4. Sales Footprint

            21.3.7.5. Strategy Overview

        21.3.8. Toshiba Corporation

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Key Financials by Market Segments (Product/Region)

            21.3.8.4. Sales Footprint

            21.3.8.5. Strategy Overview

        21.3.9. Hyosung Corporation

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Key Financials by Market Segments (Product/Region)

            21.3.9.4. Sales Footprint

            21.3.9.5. Strategy Overview

        21.3.10. Bonfiglioli Riduttori S.p.A.

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Key Financials by Market Segments (Product/Region)

            21.3.10.4. Sales Footprint

            21.3.10.5. Strategy Overview

        21.3.11. Kirloskar Electric Company

            21.3.11.1. Overview

            21.3.11.2. Product Portfolio

            21.3.11.3. Key Financials by Market Segments (Product/Region)

            21.3.11.4. Sales Footprint

            21.3.11.5. Strategy Overview

        21.3.12. Hyundai Electric & Energy Systems Co., Ltd.

            21.3.12.1. Overview

            21.3.12.2. Product Portfolio

            21.3.12.3. Key Financials by Market Segments (Product/Region)

            21.3.12.4. Sales Footprint

            21.3.12.5. Strategy Overview

        21.3.13. Menzel Elektromotoren GmbH

            21.3.13.1. Overview

            21.3.13.2. Product Portfolio

            21.3.13.3. Key Financials by Market Segments (Product/Region)

            21.3.13.4. Sales Footprint

            21.3.13.5. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

Table 01: Global Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 02: Global Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 03: Global Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 04: Global Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 05: Global Market Volume (Units) and Value (US$ million) Forecast by Region, 2017 to 2032

Table 06: North America Market Volume ('000 Units) and Value (US$ million) Forecast by Country, 2017 to 2032

Table 07: North America Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 08: North America Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 09: North America Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 10: North America Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 11: Latin America Market Volume (Units) and Value (US$ million) Forecast by Country, 2017 to 2032

Table 12: Latin America Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 13: Latin America Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 14: Latin America Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 15: Latin America Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 16: Europe Market Volume (Units) Forecast by Country, 2017 to 2032

Table 17: Europe Market Value (US$ million) Forecast by Country, 2017 to 2032

Table 18: Europe Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 19: Europe Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 20: Europe Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 21: Europe Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 22: East Asia Market Volume (Units) and Value (US$ million) Forecast by Country, 2017 to 2032

Table 23: East Asia Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 24: East Asia Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 25: East Asia Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 26: East Asia Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 27: South Asia & Pacific Market Volume (Units) and Value (US$ million) Forecast by Country, 2017 to 2032

Table 28: South Asia & Pacific Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 29: South Asia & Pacific Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 30: South Asia & Pacific Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 31: South Asia & Pacific Market Value (US$ million) Forecast by End Use, 2017 to 2032

Table 32: Middle East and Africa Market Volume (Units) and Value (US$ million) Forecast by Country, 2017 to 2032

Table 33: Middle East and Africa Market Volume (Units) and Value (US$ million) Forecast by Product Type, 2017 to 2032

Table 34: Middle East and Africa Market Volume (Units) and Value (US$ million) Forecast by Power Output, 2017 to 2032

Table 35: Middle East and Africa Market Volume (Units) Forecast by End Use, 2017 to 2032

Table 36: Middle East and Africa Market Value (US$ million) Forecast by End Use, 2017 to 2032

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

Figure 01: Global Market Historical Volume (Units), 2017 to 2021

Figure 02: Global Market Volume (Units) Forecast, 2022 to 2032

Figure 03: Global Market Historical Value (US$ million), 2017 to 2021

Figure 04: Global Market Value (US$ million) Forecast, 2022 to 2032

Figure 05: Global Market Absolute $ Opportunity, 2022 to 2032

Figure 06: Global Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 07: Global Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 08: Global Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 09: Global Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 11: Global Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 12: Global Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 14: Global Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 15: Global Market Share and BPS Analysis By Region- 2022 to 2032

Figure 16: Global Market Y-o-Y Growth Projections By Region, 2021 to 2032

Figure 17: Global Market Attractiveness By Region, 2022 to 2032

Figure 18: North America Market Share and BPS Analysis by Country - 2022 to 2032

Figure 19: North America Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 20: North America Market Attractiveness by Country, 2022 to 2032

Figure 21: North America Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 22: North America Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 23: North America Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 24: North America Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 25: North America Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 26: North America Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 27: North America Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 28: North America Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 29: North America Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 30: Latin America Market Share and BPS Analysis by Country - 2022 to 2032

Figure 31: Latin America Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 32: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 33: Latin America Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 34: Latin America Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 35: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 36: Latin America Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 37: Latin America Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 38: Latin America Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 39: Latin America Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 40: Latin America Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 41: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 42: Europe Market Share and BPS Analysis by Country - 2022 to 2032

Figure 43: Europe Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 44: Europe Market Attractiveness by Country, 2022 to 2032

Figure 45: Europe Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 46: Europe Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 47: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 48: Europe Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 49: Europe Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 50: Europe Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 51: Europe Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 52: Europe Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 53: Europe Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 54: East Asia Market Share and BPS Analysis by Country - 2022 to 2032

Figure 55: East Asia Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 56: East Asia Market Attractiveness by Country, 2022 to 2032

Figure 57: East Asia Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 58: East Asia Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 59: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 60: East Asia Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 61: East Asia Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 62: East Asia Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 63: East Asia Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 64: East Asia Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 65: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 66: South Asia & Pacific Market Share and BPS Analysis by Country - 2022 to 2032

Figure 67: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 68: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032

Figure 69: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 70: South Asia & Pacific Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 71: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 72: South Asia & Pacific Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 73: South Asia & Pacific Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 74: South Asia & Pacific Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 75: South Asia & Pacific Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 76: South Asia & Pacific Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 77: South Asia & Pacific Market Attractiveness Analysis by End Use, 2022 to 2032

Figure 78: Middle East & Africa Market Share and BPS Analysis by Country - 2022 to 2032

Figure 79: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2021 to 2032

Figure 80: Middle East & Africa Market Attractiveness by Country, 2022 to 2032

Figure 81: Middle East & Africa Market Share and BPS Analysis by Product Type, 2022 & 2032

Figure 82: Middle East & Africa Market Y-o-Y Growth Projection by Product Type, 2021 to 2032

Figure 83: Middle East & Africa Market Attractiveness Analysis by Product Type, 2022 to 2032

Figure 84: Middle East & Africa Market Share and BPS Analysis by Power Output, 2022 & 2032

Figure 85: Middle East & Africa Market Y-o-Y Growth Projection by Power Output, 2021 to 2032

Figure 86: Middle East & Africa Market Attractiveness Analysis by Power Output, 2022 to 2032

Figure 87: Middle East & Africa Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 88: Middle East & Africa Market Y-o-Y Growth Projection by End Use, 2021 to 2032

Figure 89: Middle East & Africa Market Attractiveness Analysis by End Use, 2022 to 2032

Need specific information?

Request Customization

Explore Industrial Automation Insights

View Reports

Recommendations

Industrial Automation

Large Synchronous Motor Market

Published : April 2021

Industrial Automation

Stair Lift Motors Market

Published : November 2017

Industrial Automation

Electric Motor Market

Published : September 2021

Industrial Automation

Traction Motors Market

Published : March 2022

Google translate

Industrial Motors Market