Industry Overview
In 2023, the global electric motor market is poised to achieve a valuation of approximately USD 139.3 billion, with substantial growth anticipated, projecting a value of USD 178.4 billion by 2030. This surge is forecasted to exhibit a robust compound annual growth rate (CAGR) of 6.8% during the period spanning from 2025 to 2030. The escalating adoption of electric motors across diverse industries, including oil and gas and automotive sectors, is a key contributor to this growth, driven by their cost-effectiveness compared to traditional fossil-fuel engines.

Electric Motor Market
Electric motors, operating on the principles of electromagnetic induction, represent electro-automated processes known for their efficiency and durability. These devices require minimal maintenance, offering high resolution for shifting voltages.

Market Segmentation
Insight by Motor Type
The global electric motor market is segmented into DC motor, AC motor, and hermetic motor. AC motor leads in revenue contribution, especially driven by its increasing adoption across industries such as cement, paper & pulp, chemicals, and wastewater treatment, thereby fortifying the global electric motor market's growth.

Insight by Output Power
Categorized into integral horsepower output and fractional horsepower output, the global electric motor market sees greater revenue from fractional horsepower electric motors. This is attributed to the rising demand for low-power applications in household appliances, HVAC equipment, transportation, and motor vehicles.

Industry Dynamics
Growth Drivers
The global electric motor market is witnessing substantial growth due to the increasing demand for energy-efficient electric motors and heightened compliance standards. The adoption of electric vehicles is a pivotal factor in addressing air pollution concerns and mitigating challenges associated with volatile crude oil prices. Despite the higher initial setup costs, electric vehicles offer significant cost savings in operational expenses, contributing to their growing global popularity. Many countries are prioritizing long-term sustainability, recognizing the cost-saving advantages of electric vehicles.

Moreover, the burgeoning demand from the commercial and residential sectors is another catalyst propelling the global electric motor market's growth. The escalating population in developing countries, coupled with increased disposable income, has fueled the construction of various structures, including commercial buildings, malls, private residences, plants, and industrial facilities. The wide variety of uses and applications of electric motor systems further accelerates market growth on a global scale.

Challenges
The high setup cost of energy-efficient electric motors is expected to hinder market growth due to the complex manufacturing processes associated with these motors, leading to elevated assembly and manufacturing costs.

Industry Ecosystem
Industry players globally are capitalizing on market growth by enhancing the quality and reliability of their offerings, coupled with maintaining widespread distribution networks to ensure increased demand for their products. Key players are adopting various strategies, including mergers and acquisitions, to strengthen and expand their market base. For instance, in 2017, Nidec Corporation acquired the motors, drives, and power generation business of Emerson Electric Co. to diversify its product line.

Geographic Overview
Asia-Pacific leads the electric motor market globally, with extensive adoption in both passenger and commercial car segments. The region's key factors include the widespread acceptance of these systems, accentuating growth in construction and manufacturing in various developing countries. For example, India's Make in India initiative has bolstered domestic manufacturing activities, fueling the electric motor market's growth in Asia-Pacific.

Competitive Insight
Siemens electric motors prioritize quality, innovation, and high efficiency, covering a broad range of industrial motors. Johnson Electric leads in motor-driven pumps and valves for automotive and industrial applications, ensuring increased reliability for complex subsystems.

Major companies operating in the global electric motor market include Johnson Electric Holdings Limited, AMETEK, Inc., Franklin Electric Co., Inc., ASMO Co., Ltd., Denso Corporation, Robert Bosch GmbH, SL Montevideo Technology, Inc., Siemens AG, ABB Ltd., and ARC Systems, Inc.

Primary Research
VynZ Research conducts extensive primary research, engaging with industry experts such as CEOs, CFOs, CTOs, Presidents, Vice Presidents, Product Managers, and Regional Heads. End-user surveys involving consumers are also conducted to understand consumer behavior.

The Electric Motor Market report provides a comprehensive market segmentation analysis along with estimations for the forecast period 2025–2030.

About VynZ Research:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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