Press release
Electric Motors Market Growth Accelerates: Strategic Forecast Predicts $117.95 Billion by 2029
Electric Motors
What Will the Electric Motors Industry Market Size Be by 2025?
The market size for electric motors has consistently expanded over the recent years. It is projected to rise from a value of $100.2 billion in 2024 to an approximate $102.82 billion in 2025, representing a compound annual growth rate (CAGR) of 2.6%. The increase during the historic period is traced back to the industrial revolution, industry electrification, the transport and automotive industry, and the advent of consumer appliances along with home automation.
What's the Long-Term Growth Forecast for the Electric Motors Market Size Through 2029?
In the coming years, we can anticipate a steady expansion of the electric motors market. By 2029, it is projected to swell to a market cap of $117.95 billion, with a compound annual growth rate (CAGR) of 3.5%. Such growth during the forecast period will be driven by factors such as the electrification of transportation, industrial automation, implementation of renewable energy, adherence to energy efficiency regulations, and the application of IoT and smart systems. The forecast period will see the dominance of certain trends, such as high-efficiency motors, miniaturization, the integration of sensors, the use of sustainable materials, customization, and modular design.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-motors-global-market-report
What Are the Key Growth Drivers Fueling the Electric Motors Market Expansion?
The surge in electric vehicle sales is anticipated to boost the electric motors market growth. Electric vehicles (EV), which are fully or partially electric, are becoming increasingly popular, thereby spurring the demand for electricity to power their wheels. As reported by the International Energy Agency (IEA), an autonomous, France-based intergovernmental association, in May 2023, electric vehicle sales rose from 10 million in 2022 to 14 million in 2023. As a consequence, the climbing demand for electric vehicles (EVs) remains a key driver for the onward growth of the electric motors market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2635&type=smp
What Are the Key Trends Driving Electric Motors Market Growth?
Key players in the electrified motor market are devoting attention to developing new electric motors and controllers, such as the RM14530, RM16070, and RM16045 series, with the goal to improve the performance, range, and efficiency of electric vehicles (EVs). These electric motors transform electrical energy into mechanical energy, powering systems like electric vehicles, household appliances, and industrial equipment. Controllers for these electric motors are responsible for their management and regulation, enhancing performance by adjusting aspects like speed, torque, and power delivery to improve efficiency, dependability, and energy usage. For instance, Attron Automotive, an India-based firm that specializes in the creation and production of advanced electric motors and controllers for EVs and other modes of mobility, presented its novel electric motors and controllers, including the RM14530, RM16070, and RM16045 series and the CTR072500 controller, at the Bharat Mobility Expo 2024 held in February 2024. Characterized by high efficiency and integrated IPM PMSM motors, these cutting-edge products are devised to elevate EVs' performances, range, and acceleration, while also slashing costs and fostering sustainability within the electric mobility industry.
How Is the Electric Motors Market Segmented?
The electric motors market covered in this report is segmented -
1) By Type: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor
2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP)
3) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace And Transportation, Household Appliances, Other Commercial Applications
Subsegments:
1) By Alternate Current (AC) Motor: Synchronous AC Motors, Asynchronous (Induction) AC Motors, Single-Phase AC Motors, Three-Phase AC Motors
2) By Direct Current (DC) Motor: Brushed DC Motors, Brushless DC Motors (BLDC), Shunt DC Motors, Series DC Motors, Compound DC Motors
3) By Hermetic Motor: Hermetically Sealed Compressor Motors, Hermetically Sealed Refrigeration Motors
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2635&type=smp
Which Companies Are Leading the Charge in Electric Motors Market Innovation?
Major companies operating in the electric motors market include Asea Brown Boveri (ABB) Ltd., ARC Systems Inc, Asmo Co. Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek Inc., Baldor Electric Company Inc., Allied Motion Technologies Inc., Franklin Electric Co. Inc., Johnson Electric Holdings Limited, Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation, General Electric Company, Nidec Corporation, WEG S.A., Hitachi Ltd., Hyosung Corporation, Danaher Corporation, Teco Electric Machinery & Co., Dr. Fritz Faulhaber GmbH Co. KG, Maxon Motor AG, Mitsubishi Electric, Panasonic, Shandong, Bulher Motor Gmbh, BorgWarner Inc, Continental AG, Schneider Electric SE, Sumitomo Heavy Industries Ltd., Yaskawa Electric Corporation, Zhejiang Founder Motor Co. Ltd., Marathon Electric, Kirloskar Electric Company Limited
Which Regions Are Leading the Global Electric Motors Market in Revenue?
Asia-Pacific was the largest region in the electric motors market in 2024. Western Europe was the second-largest region in the electric motors market. The regions covered in the electric motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2635
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Motors Market Growth Accelerates: Strategic Forecast Predicts $117.95 Billion by 2029 here
News-ID: 4267726 • Views: …
More Releases from The Business Research Company
Steady Expansion Forecast for High Power Transformers Market, Projected to Reach …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
High Power Transformers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of high power transformers has experienced consistent growth in the past few years. It is projected to rise from $10.34 billion in 2024 to $10.61 billion in 2025, exhibiting a Compound…
Key Trends Reshaping the Automated Cell Counter Market: AI-Powered Cell Culture …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Automated Cell Counter Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant increase in the automated cell counter market size. It is projected to expand from a value of $5.42 billion in 2024 to an estimated $5.75 billion in 2025, indicating…
Steady Expansion Forecast for Polysilicon Market, Projected to Reach $21.62 Bill …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Polysilicon Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the polysilicon market has experienced a swift expansion. Its worth is projected to rise from $10.05 billion in 2024 to $11.63 billion in 2025, with a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Step-Up And Step-Down Transformer Market: Strateg …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Step-Up And Step-Down Transformer Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for step-up and step-down transformers has seen substantial growth in recent years. The market size is expected to increase from $14.68 billion in 2024 to $15.64 billion in 2025, with…
More Releases for Motor
SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of…
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status…
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market.
Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market
Key Market Competitors: Global…
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor …
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%.
Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structures…
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator.
Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market
The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in…
