North America Electric Motor Market Outlook, 2029
The North America electric motor market is segmented by motor type (AAC motor, DC motor, and hermetic motors). By Voltage (Up to 1 kV , 1 kV-6.6 kV , Above 6.6 kV) , By Application (Motor Vehicles, Industrial Machinery, HVAC Equipment, Electrical Appliances, Others ).
- Bonafide Research
- 31-05-2024
- Pages : 75
- Figures : 12
- Tables : 20
- Region : North America
- Category : Manufacturing & Industry
- Machinery, Parts & Equipment
The North America Electric Motor market is projected to be valued at more than USD 61 billion by 2029, driven by the increasing demand for energy-efficient electric motors across i
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 38 Billion
- Largest MarketUnited States
- Fastest Market Canada
- Format
Featured Companies
- 1. Toshiba Corporation
- 2. Hitachi Group
- 3. Emerson Electric Co.
- 4. Robert Bosch GmbH
- 5. ABB Group
- 6. Siemens AG
- More...
Electric Motor Market Analysis
A rising emphasis on energy efficiency, industrial automation, and the growing popularity of electric vehicles (EVs) are some of the factors contributing to the electric motor market's robust expansion in North America. North America is an important region for suppliers and manufacturers of electric motors, with a developed industrial foundation and a strong focus on technological innovation. Applications in the automotive, manufacturing, HVAC, consumer electronics, and renewable energy sectors are among the many diverse applications covered by the industry. In North America, businesses are attempting to increase productivity, efficiency, and competitiveness, and this has resulted in a major push towards industrial automation. Driven machines, robotics, conveyors, and other automated equipment, electric motors are essential components of automation systems. Moreover, the use of energy-efficient electric motors across a variety of sectors is being propelled by environmental programmes and energy efficiency legislation. Businesses are encouraged to invest in energy-efficient motor systems by federal and state governments that have put rules in place to encourage energy saving and lower carbon emissions. High-efficiency motors are therefore in greater demand since they may assist businesses in cutting down on energy use, operational expenses, and regulatory compliance. The market for electric motors in North America is also significantly influenced by the electric vehicle industry. There is a growing trend towards electric mobility as worries about greenhouse gas emissions, air pollution, and reliance on fossil fuels grow. Electric motors provide propulsion systems with the necessary torque and performance to allow electric vehicles to compete with internal combustion engines, making them vital parts of EV powertrains. Electric motor demand is anticipated to rise sharply in the future as automakers increase their investments in EV manufacturing and range. According to the research report “North America Electric Motor Market Overview, 2029,” published by Bonafide Research, the North America Electric Motor market was valued at more than USD 61 Billion by 2024–29. The electric motor market in North America is expanding in a number of ways due to the combination of changing customer preferences, regulatory requirements, and technology improvements. The growing need for electric motors that are energy-efficient is one notable growth trend. Industries are actively looking for solutions to minimise their carbon impact and optimise energy usage as sustainability becomes a top priority. This has caused a major movement in favour of energy-efficient motor solutions, which not only meet strict regulations but also result in noticeable long-term cost reductions. According to projections, there will be a steady increase in demand for high-efficiency electric motors as companies from all industries priorities environmental measures. Furthermore, the industry is seeing a spike in demand due to the industrial automation sector's explosive growth. Powering a vast array of machinery, robotics, and conveyor systems, electric motors form the foundation of automated systems. The constant quest for process optimisation and efficiency improvements is driving the use of electric motors with sophisticated control features, accurate performance, and smooth integration capabilities. Electric motors designed for automation applications are in high demand as businesses in the manufacturing, shipping, and warehousing sectors increase their automation efforts. In addition, the electric motor market in North America is changing as a result of the electrification of transportation. Electric motor systems utilised in EV propulsion are in unprecedented demand due to the growing popularity of electric vehicles (EVs). Automakers are making significant investments in electric mobility, introducing a variety of electric vehicle models to satisfy consumer demand and legal requirements for environmentally friendly transportation. Electric motors are essential to the efficiency, performance, and range of electric vehicles (EVs), and they stimulate advancements in both motor technology and production methods. Higher-power, higher-efficiency motor solutions designed specifically for electric vehicle applications are becoming more and more prevalent in the electric motor market as the automotive industry accelerates its electrification transition.
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Download SampleMarket Dynamic
Major Drivers • Technological Advancements: The market is characterized by ongoing technological advancements aimed at improving motor efficiency, reliability, and performance. Innovations such as advanced materials, smart motor systems, and digital control technologies are driving the development of next-generation electric motors. Manufacturers are investing in research and development to stay competitive and meet evolving customer demands for more energy-efficient and technologically advanced motor solutions. • Regulatory Compliance: Stringent energy efficiency regulations and standards drive the adoption of energy-efficient electric motors across various industries. Government initiatives, such as Minimum Energy Performance Standards (MEPS) and eco-design directives, incentivize the use of high-efficiency motors to reduce energy consumption and carbon emissions. Compliance with regulatory requirements is a key consideration for manufacturers and end-users in the North America electric motor market. Major Challenges • Technological Complexity: Keeping pace with rapid technological advancements poses a significant challenge for electric motor manufacturers. Innovations such as smart motor systems, digital controls, and advanced materials require substantial investment in research and development. Manufacturers must continuously upgrade their technology and manufacturing processes to remain competitive and meet evolving customer demands. • Energy Efficiency Regulations: Compliance with stringent energy efficiency regulations and standards is a major challenge for electric motor manufacturers. Regulations such as Minimum Energy Performance Standards (MEPS) and eco-design directives impose strict requirements on motor efficiency levels, driving up production costs and impacting profit margins. Manufacturers must invest in energy-efficient technologies and design strategies to meet regulatory requirements while maintaining competitiveness in the market. Major Trends • Emphasis on Energy Efficiency: Energy efficiency continues to be a dominant trend in the North America electric motor market. End-users across industries are increasingly prioritizing energy-efficient motor solutions to reduce operating costs, comply with regulatory standards, and minimize environmental impact. Manufacturers are investing in advanced motor designs, materials, and control technologies to improve efficiency and meet evolving customer demands for energy-saving solutions. • Rise of Smart Motor Systems: The integration of smart technologies into electric motor systems is gaining traction in the North America market. Smart motor systems equipped with sensors, connectivity features, and data analytics capabilities enable real-time monitoring, predictive maintenance, and remote diagnostics. These systems offer improved reliability, uptime, and performance optimization, driving demand for intelligent motor solutions across industries such as manufacturing, HVAC, and transportation.
Electric Motor Segmentation
| By Motor Type | AC Motor | |
| DC Motor | ||
| Hermetic Motors | ||
| By Voltage | Up to 1 kV | |
| 1 kV-6.6 kV | ||
| Above 6.6 kV | ||
| By Application | Motor Vehicles | |
| Industrial Machinery | ||
| HVAC Equipment | ||
| Electrical Appliances | ||
| Others | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
The key distinguishing feature of hermetic motors is their ability to operate reliably in challenging environments where standard motors would be vulnerable to damage or malfunction. An in-depth examination of the hermetic motor segment within the larger electric motor industry can be gained through segmentation research based on motor type. Because of its special sealing system that keeps impurities out, hermetic motors are a good fit for situations where exposure to moisture, dust, or gases could be problematic. Numerous industries, including refrigeration, medical equipment, industrial processing, HVAC (heating, ventilation, and air conditioning), and refrigeration, use these motors extensively. Hermetic motors drive compressors in HVAC systems, enabling effective climate control and cooling in residential, commercial, and industrial spaces. Likewise, hermetic motors are essential to protecting perishable commodities and ensuring accurate temperature control in refrigeration equipment. Hermetic motors are used in industrial settings for operations including food and beverage production, oil and gas exploration, and chemical processing that demand a high degree of environmental protection. These motors are designed to endure exposure to severe environments, such as high humidity and corrosive chemicals, guaranteeing dependable performance and little downtime. Furthermore, preserving sterile conditions is crucial for product safety and quality in medical devices and pharmaceutical equipment, where hermetic motors are vital parts. To guarantee that they meet industry standards and legal criteria for medical applications, these motors go through a thorough testing and certification process. These high-voltage motors are designed to handle heavy-duty tasks and operate in demanding environments where reliability, durability, and performance are critical. An investigation of voltage segmentation, with a particular focus on motors rated at voltages higher than 6.6 kV, offers important insights into a niche market for electric motors. When considerable power is required for industrial applications including large-scale manufacturing, mining, oil and gas exploration, and utility infrastructure, motors with a voltage rating higher than 6.6 kV are usually employed. They can resist the rigours of continuous operation in demanding industrial situations and produce high power outputs. These motors are essential to the productivity and effectiveness of industrial operations since they frequently run key machinery including pumps, fans, compressors, conveyors, and crushers. As it comes to high-voltage motor applications, firms can comprehend the unique requirements, preferences, and difficulties by using segmentation analysis based on voltage levels above 6.6 kV. In this section, variables including cooling techniques, insulation levels, motor size, and power output become crucial factors to take into account. In the aforementioned 6.6 kV motor category, trends demand patterns, and competition dynamics may be found through market research and data analysis, which enables businesses to create, focused marketing campaigns and product offerings. Additionally, segmentation analysis based on voltage helps with resource allocation and strategic decision-making. Prioritizing research and development can help businesses create and enhance motor designs that are specifically suited to the demanding needs of high-voltage applications. Industrial machinery applications demand electric motors that are robust, reliable, and efficient to ensure seamless operation and maximize productivity. Considering a particular focus on industrial machinery, segmentation analysis by application offers crucial insights into a sizable portion of the electric motor industry. Construction, automotive, aerospace, and consumer products are just a few of the industries that use industrial machinery, which is a broad category of devices and systems used in manufacturing, processing, and production. Critical operations including material handling, machining, assembling, and packing are powered by electric motors, which are the main source of power for industrial machines. The motors found in industrial machinery are made to endure the rigours of continuous operation in tough environments, where things like harsh working conditions, changing speeds, and heavy loads are common. These motors are available in different varieties, each designed to meet the demands of a particular application. These types include stepper motors, servo motors, DC motors, and AC motors. Businesses can comprehend the distinct requirements, difficulties, and preferences related to electric motors employed in industrial machinery by using segmentation analysis by application. In this section, variables including motor size, power output, speed control capabilities, and environmental factors become crucial factors to take into account. In the industrial machinery application area, trends, demand patterns, and technical breakthroughs can be found with the aid of market research and data analysis. This allows businesses to create customized solutions that cater to the changing needs of their clientele. Additionally, product development programmes, consumer engagement campaigns, and focused marketing strategies are made easier by application-specific segmentation analysis. By supplying specialised goods, technical support, and value-added services to manufacturers and end users, companies can establish themselves as authorities in the provision of electric motor solutions for industrial machinery applications.
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Electric Motor Market Regional Insights
In North America, the electric motor market is driven by strict energy efficiency regulations, environmental sustainability initiatives, and a robust manufacturing base. In the electric motor industry, regional analysis offers important insights into global market opportunities, demand dynamics, and geographic trends. Recognizing regional differences enables companies to modify their tactics, offerings, and services to suit the unique requirements and inclinations of consumers in each area. Strict regulatory requirements, a well-established industrial base, and technological innovation define the electric motor market in North America. The need for high-efficiency electric motors across a range of industries is driven by the region's strong emphasis on sustainability, energy efficiency, and environmental responsibility. North America presents substantial development prospects for electric motor manufacturers and suppliers due to its wide array of applications in several sectors, including automotive, manufacturing, HVAC, and renewable energy. The market for electric motors in North America is fueled by strong manufacturing, environmental sustainability programmes, and stringent energy efficiency laws. With a strong emphasis on industrial automation, automotive electrification, and renewable energy integration. With their robust manufacturing capacities and investments in renewable energy and electric mobility,. The expanding industrialization, urbanisation, and infrastructure developments that characterised Latin America make it an emerging market for electric motors. Infrastructure development, urbanisation, and investments in renewable energy projects are driving the continuous rise of the electric motor market.
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Companies Mentioned
- Toshiba Corporation
- Hitachi Group
- Emerson Electric Co.
- Robert Bosch GmbH
- ABB Group
- Siemens AG
- Regal Rexnord Corporation
- Ecobee
- Rockwell Automation, Inc.
- Nidec Corporation
- Johnson Electric Holdings Limited
- AMETEK, Inc.
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Electric Motor Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Motor Type
- 5.4. Market Size and Forecast, By Voltage
- 5.5. Market Size and Forecast, By Application
- 6. North America Electric Motor Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Motor Type
- 6.4. Market Size and Forecast, By Voltage
- 6.5. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. United States Electric Motor Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Motor Type
- 7.8.3. Market Size and Forecast By Voltage
- 7.8.4. Market Size and Forecast By Application
- 7.9. Canada Electric Motor Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Motor Type
- 7.9.3. Market Size and Forecast By Voltage
- 7.9.4. Market Size and Forecast By Application
- 7.10. Mexico Electric Motor Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Motor Type
- 7.10.3. Market Size and Forecast By Voltage
- 7.10.4. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Porter's Five Forces
- 8.4. Company Profile
- 8.4.1. ABB Ltd.
- 8.4.1.1. Company Snapshot
- 8.4.1.2. Company Overview
- 8.4.1.3. Financial Highlights
- 8.4.1.4. Geographic Insights
- 8.4.1.5. Business Segment & Performance
- 8.4.1.6. Product Portfolio
- 8.4.1.7. Key Executives
- 8.4.1.8. Strategic Moves & Developments
- 8.4.2. Siemens AG
- 8.4.3. Nidec Corporation
- 8.4.4. WEG S.A.
- 8.4.5. AMETEK, Inc.
- 8.4.6. Toshiba Corporation
- 8.4.7. Johnson Electric Holdings Limited
- 8.4.8. Rockwell Automation, Inc.
- 8.4.9. Regal Rexnord Corporation
- 8.4.10. Robert Bosch GmbH
- 8.4.11. Hitachi, Ltd.
- 8.4.12. Hyosung Corporation
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Electric Motor Market Size and Forecast, By Motor Type (2018 to 2029F) (In USD Billion)
Table 6: Global Electric Motor Market Size and Forecast, By Voltage (2018 to 2029F) (In USD Billion)
Table 7: Global Electric Motor Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: North America Electric Motor Market Size and Forecast, By Motor Type (2018 to 2029F) (In USD Billion)
Table 9: North America Electric Motor Market Size and Forecast, By Voltage (2018 to 2029F) (In USD Billion)
Table 10: North America Electric Motor Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 11: Influencing Factors for Electric Motor Market, 2023
Table 12: United States Electric Motor Market Size and Forecast By Motor Type (2018 to 2029F) (In USD Billion)
Table 13: United States Electric Motor Market Size and Forecast By Voltage (2018 to 2029F) (In USD Billion)
Table 14: United States Electric Motor Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 15: Canada Electric Motor Market Size and Forecast By Motor Type (2018 to 2029F) (In USD Billion)
Table 16: Canada Electric Motor Market Size and Forecast By Voltage (2018 to 2029F) (In USD Billion)
Table 17: Canada Electric Motor Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: Mexico Electric Motor Market Size and Forecast By Motor Type (2018 to 2029F) (In USD Billion)
Table 19: Mexico Electric Motor Market Size and Forecast By Voltage (2018 to 2029F) (In USD Billion)
Table 20: Mexico Electric Motor Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Electric Motor Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Electric Motor Market Share By Region (2023)
Figure 6: North America Electric Motor Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Electric Motor Market Share By Country (2023)
Figure 8: US Electric Motor Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Electric Motor Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Electric Motor Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Electric Motor Market
Electric Motor Market Research FAQs
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