Industrial Motors Market Report 2022-2027: Industry Forecast, Size, Share, Trends And Growth

Home » Industrial Motors Market Report 2022-2027: Industry Forecast, Size, Share, Trends And Growth

The global industrial motors market size reached US$ 21.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 28.45 Billion by 2027 exhibiting a CAGR of 4.80% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

An industrial motor is used to convert electrical energy into mechanical energy. It relies on alternating current (AC) resources, such as power generators or grids, to work efficiently. It also eliminates the need for fuel, requires engine-oil maintenance and comprises few moving parts compared to other electrical devices.

In addition, it is highly efficient, durable, and has a longer lifespan. Owing to these properties, industrial motors are used in pumps, power tools, compressors, turbines, blowers, industrial fans, machine tools, ships, movers, paper mills, alternators, and rolling mills.

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Industrial Motors Market Trends and Drivers: 

The market is primarily driven by the rising adoption of electric motors in auxiliary systems and industrial processes such as compressed air generation, water pumping, and ventilation. In addition, alternating current (AC) motors are widely utilized in ovens, pumps, water heaters, and garden equipment, which represent another major growth-inducing factor.

Moreover, manufacturers are substantially investing in research and development (R&D) activities to develop electric motors with a high power-to-weight ratio for decreasing energy consumption and resolving portability issues. This, coupled with the rising number of smart manufacturing pilot projects initiated by governments of numerous countries, is escalating the demand for industrial motors.

Furthermore, the surging need for water recycling owing to the depletion of water resources is expected to accelerate market growth in the coming years.

Industrial Motors Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 21.11 Billion
Market forecast in 2027 US$ 28.45 Billion
Growth Rate CAGR of 4.80% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Motor, Voltage and End User
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled ABB Ltd., Brook Crompton, Hitachi Ltd., Johnson Electric Holdings Limited, Menzel Elektromotoren GmbH, Nidec Corporation, Regal Rexnord Corporation, Rockwell Automation Inc., Siemens AG and Toshiba Corporation.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type of Motor:

  • Alternating Current (AC) Motor
  • Direct Current (DC) Motor
  • Others

Breakup by Voltage:

  • Low Voltage
  • Medium Voltage
  • High Voltage

Breakup by End User:

  • Oil and Gas
  • Power Generation
  • Mining and Metals
  • Water and Wastewater Management
  • Chemicals and Petrochemicals
  • Discrete Manufacturing
  • Others

By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are

  • ABB Ltd.
  • Brook Crompton
  • Hitachi Ltd.
  • Johnson Electric Holdings Limited
  • Menzel Elektromotoren GmbH
  • Nidec Corporation
  • Regal Rexnord Corporation
  • Rockwell Automation Inc.
  • Siemens AG
  • Toshiba 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.

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