How big is the Electric Motor Market?

The Electric Motor Market size is expected to reach USD 136.95 billion in 2024 and grow at a CAGR of 6.97% to reach USD 191.82 billion by 2029. Read More

What is the current Electric Motor Market size?

In 2024, the Electric Motor Market size is expected to reach USD 136.95 billion. Read More

Who are the key players in Electric Motor Market?

ABB Ltd., AMETEK, Inc., Siemens AG , Toshiba Corp and Johnson Electric Holdings Ltd. are the major companies operating in the Electric Motor Market. Read More

Which is the fastest growing region in Electric Motor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electric Motor Market?

In 2024, the Asia Pacific accounts for the largest market share in Electric Motor Market. Read More

What years does this Electric Motor Market cover, and what was the market size in 2023?

In 2023, the Electric Motor Market size was estimated at USD 128.03 billion. The report covers the Electric Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electric Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which segment is expected to witness the most significant growth in the Electric Motors Market?

The automotive segment is expected to witness significant growth in the Electric Motors Market due to the increasing adoption of electric vehicles. Read More

What are the challenges facing the Electric Motor Market?

The challenges facing the Electric Motor Market are a) Fluctuating prices of raw materials like permanent magnets and copper wires b) Shortage of components and supply chain issues leading to higher product costs Read More

Electric Motor Market Share

Statistics for the 2023 & 2024 Electric Motor market share, created by Mordor Intelligence™ Industry Reports. Electric Motor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Electric Motor Industry

The electric motor market is fragmented. Some of the major companies in the market (not in any particular order) include ABB Ltd. AMETEK Inc., Johnson Electric Holdings Limited, Siemens AG, and Toshiba Corp., among others.