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Electric Motor Market Analysis 2021-2026, Industry Growth, Share, Size, Trends and Outlook

The global electric motor market reached a value of US$ 122.2 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years.

An electric motor is an electro-mechanical device that works on the principle of electromagnetic induction. It comprises rotors, stators, bearings, windings, commutators and has low maintenance and energy requirements. It is more economical and has long operating life as compared to its non-electric counterparts. Owing to this, it is widely utilized in fans, pumps, compressors, machine tools, electric cars, power tools, automated robots, turbines, alternators, and rolling and paper mills across the globe.

Global Electric Motor Market Drivers/Constraints:

Electric motors are used in the manufacturing of robots to provide angular movements, acceleration, speed and control. They are also utilized in energy-efficient compressor and conveyor systems. Apart from this, electric motors are used in industrial machinery, aerospace, transportation, household appliances, and heating, ventilating and air conditioning (HVAC) equipment.

Furthermore, governments of several countries are promoting the usage of electric vehicles on account of rising environmental concerns. This is expected to create a positive outlook for the market growth in the upcoming years.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Electric Motor Market Segmentation:

Market Performance by Voltage

Low Voltage Electric Motors

Medium Voltage Electric Motors

High Voltage Electric Motors

Market Performance by Rated Power

Fractional Horsepower Motors

Integral Horsepower Motors

Market Performance by Fractional Horsepower

Fractional Horsepower (< 1/8) Motors

Fractional Horsepower (1/8 – 1/2) Motors

Fractional Horsepower (1/2 – 1) Motors

Market Performance by Integral Horsepower

Integral Horsepower (1 – 5) Motors

Integral Horsepower (10 – 50) Motors

Integral Horsepower (50 – 100) Motors

Integral Horsepower (>100) Motors

Market Performance by Magnet Type


Neodymium (NdFeB)

Samarium Cobalt (SmCo5 and Sm2Co17)

Market Performance by Region


North America


Middle East and Africa

Latin America

Market Performance by Weight

Low Weight Motors

Medium Weight Motors

High Weight Motors

Market Performance by Speed

Ultra-High-Speed Motors

High-Speed Motors

Medium Speed Motors

Low Speed Motors

Market Performance by Applications

Industrial Machinery



Household Appliances

Motor Vehicles





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The global electric motor market is essentially fragmented with the presence of numerous small and large manufacturers who compete in terms of price and quality. Some of the leading players operating in the market are: ABB Group (NYS: US:ABB), Siemens Ag, WEG SA, TECO, Regal Beloit Corporation and Nidec Corporation

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Information:

Company Name: IMARC Group
Contact Person: Elena Anderson
USA: +1-631-791-1145 | Europe & Africa: +44-702-409-7331
| Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Follow us on twitter: @imarcglobal

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