Press release
North America Electric Motor Market Size to Surpass USD 37.1 Billion by 2033, at a CAGR of 2.24%
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Rising industrial automation, increasing EV adoption, and growing demand for energy-efficient motors are driving the North America electric motor market. The North America electric motor market size reached USD 30.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 37.1 Billion by 2033, exhibiting a growth rate (CAGR) of 2.24% during 2025-2033.
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North America Electric Motor Industry Trends and Drivers:
The North America electric motor market is changing rapidly due to technology and industry needs. A major trend is the rise of energy-efficient motors. This shift is driven by strict government rules and a growing focus on sustainability. Industries want motors that lower energy use and costs while supporting environmental goals. Another key trend is the growth of smart motors with IoT features. These allow for real-time monitoring and predictive maintenance. Such advancements are changing manufacturing, automotive, and HVAC sectors, where precision is vital. The move toward electrification in transportation, especially with electric vehicles (EVs) and hybrids, is also increasing the need for high-performance motors. Companies are investing in R&D to create compact, lightweight, and durable motors.
Customization and modular designs are also shaping the North America electric motor market. Industries want motors tailored for specific uses, like robotics and renewable energy. This drives manufacturers to provide flexible solutions. Using advanced materials, such as rare-earth magnets and high-strength composites, improves motor efficiency and lifespan. The shift to localized production and resilient supply chains is also impacting the market. Companies focus on regional manufacturing to cut dependencies. The commercial and industrial sectors are embracing automation, further increasing the demand for precise motors. As renewable energy projects grow, electric motors are crucial in wind turbines and solar tracking systems. These trends show a market moving toward innovation, sustainability, and flexibility.
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North America Electric Motor Industry Key Market Segmentation:
The report has segmented the market into the following categories:
Type Insights:
● AC Motor
● Induction AC Motor
● Synchronous AC Motor
● DC Motor
● Brushed DC Motor
● Brushless DC Motor
● Others
Voltage Insights:
● Low Voltage Electric Motors
● Medium Voltage Electric Motors
● High Voltage Electric Motors
Speed Insights:
● Ultra-High-Speed Motors
● High-Speed Motors
● Medium Speed Motors
● Low Speed Motors
Applications Insights:
● Industrial Machinery
● HVAC
● Transportation
● Household Appliances
● Motor Vehicles
● Others
Country Insights:
● United States
● Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape
Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=1730&flag=C
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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