Authors:
Preeti Wadhwani, Aishvarya Ambekar
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Electric Motors Market Size & Share 2026-2035
Report ID: GMI2144
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Published Date: October 2026
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Electric Motors Market Size
The electric motors market was valued at USD 148 billion in 2025, is projected to reach USD 159.8 billion in 2026, is expected to expand at a 7.3% CAGR (2026-2035), and is projected to reach USD 302.2 billion in 2035.
Electric Motors Market Key Takeaways
Market Leader: Nidec Corporation led with over 8.0% market share in 2025.
Leading Players: Top 5 players in this market include Nidec Corporation, Bosch, Denso Corporation, ABB Motion, BorgWarner, which collectively held a market share of 24.5% in 2025.
The global electric motors market is being reshaped by the interaction of vehicle electrification, efficiency-led replacement procurement, and factory automation. Revenue expansion is increasingly concentrated in applications where torque density, controllability, and system efficiency matter more than initial purchase cost, while high-volume commodity products remain subject to intense pricing discipline.
GMI Analyst View
Based on our discussions with industry participants and our review of global motor shipment data, the global electric motors market shipped approximately 12.00 billion units in 2025. We view this as evidence of a dual market structure: broad fractional-horsepower volume across consumer, automotive, and industrial uses, alongside a revenue premium for advanced traction and high-efficiency industrial configurations.
Electric Motors Market Trends, Growth Drivers & GMI Forecast Outlook
Electric vehicle platforms, industrial efficiency mandates, and digitally controlled motion systems are shifting demand toward synchronous, brushless, and integrated motor-drive architectures. The outlook depends on sustained electrification investment and replacement activity, but it remains exposed to critical-material availability, project economics, and procurement lead-time discipline.
Key Drivers
Evidence anchors use cited external data; demand implications and forecast conditions represent GMI analysis.
EV production schedules are becoming a central demand variable for traction-motor suppliers. Vehicle manufacturers increasingly embed motor design, inverter compatibility, thermal management, and sourcing commitments into platform decisions early in the development cycle. That structure favors suppliers able to qualify motors across multiple vehicle classes while maintaining consistent production quality and service support.
Efficiency regulation is changing replacement purchasing from a discretionary maintenance decision into a compliance and operating-cost decision. In industrial and commercial environments, buyers increasingly evaluate the motor, drive, controls, and maintenance burden as one system. This broadens the addressable opportunity for higher-efficiency architectures and suppliers with application-engineering capabilities rather than standalone product offerings.
Key Restraints
Evidence anchors use cited external data; demand implications and forecast conditions represent GMI analysis.
Rare-earth exposure creates a strategic divide among suppliers of premium permanent-magnet motors. Firms with diversified magnet procurement, validated alternative material sources, or designs that reduce critical-material intensity are better able to protect delivery commitments and manage customer pricing discussions. For customers, this exposure can delay design conversion where operating savings do not clearly outweigh sourcing and qualification risks.
The constraint is especially relevant in applications where procurement is fragmented and capital discipline is tight. Smaller industrial operators may extend the operating life of installed equipment when material volatility pushes up the effective acquisition cost of advanced motor-drive systems. Suppliers are responding through alternative topologies, engineering changes that reduce magnet usage, and contract structures designed to share input-cost risk.
GMI Analyst View
We see the market separating into premium, technology-intensive demand pools and high-volume, price-disciplined categories. The suppliers best positioned to capture both are those that pair scale in broad motor production with differentiated traction, servo, and high-efficiency offerings, while maintaining resilience in magnet and component sourcing.
Electric Motors Market Segment Analysis
By Motor Type
The global electric motors market's AC motors segment generated USD 96.2 billion in 2025 and is projected to expand at a 7.8% CAGR (2026-2035). AC architectures retain a broad installed base across machinery, HVAC, building systems, and transportation equipment, while synchronous designs increasingly lift the category's value mix in applications where efficiency and variable-speed control are decisive.
Permanent magnet synchronous motors are projected to account for 30.0% of market revenue in 2035 and are expected to grow at a 10.0% CAGR (2026-2035). Their torque density and controllability make them central to electrified drivetrains, precision motion, and inverter-driven compressor systems. Wider adoption nevertheless depends on manufacturers' ability to manage magnet availability, cost exposure, and qualification requirements.
DC motors are projected to generate USD 84.6 billion in 2035, compared with USD 44.4 billion in 2025. Demand spans automotive auxiliary systems, appliances, drones, and precision equipment, although product mix is shifting toward electronically commutated designs as customers prioritize durability, lower maintenance, and controllable operating performance.
Brushless DC motors are projected to generate USD 69.5 billion in 2035 and are expected to record a 7.6% CAGR (2026-2035). Their role is expanding in variable-speed HVAC equipment, e-mobility subsystems, industrial controls, and robotics, where compact form factors and efficient partial-load operation can justify a higher specification.
Hermetic motors generated USD 7.4 billion in 2025 and are projected to grow at a 4.7% CAGR (2026-2035). Demand remains tied to replacement cycles in refrigeration and air-conditioning compressors, with emerging-market cooling needs supporting volumes even as mature markets emphasize equipment efficiency and lifecycle reliability.
By Output Power Rating
Fractional horsepower motors generated USD 96.2 billion in 2025 and are projected to account for 63.0% of market revenue in 2035. Their broad deployment in appliances, fans, pumps, automotive auxiliaries, and compact equipment sustains large unit demand, but the segment faces pricing pressure and a continuing transition toward more efficient electronically controlled products.
Integral horsepower motors are projected to generate USD 111.8 billion in 2035 and represented 35.0% of market revenue in 2025. Their commercial importance is amplified by industrial equipment, traction systems, process applications, and high-capacity HVAC, where reliability, operating efficiency, and long equipment lifecycles raise the value of engineering support and aftermarket capability.
By Voltage
Low-voltage motors generated USD 121.4 billion in 2025 and are projected to represent 80.0% of market revenue in 2035. Their scale reflects use across consumer, commercial, automotive, and general industrial settings, making the segment a primary beneficiary of broad OEM demand and efficiency-related replacement cycles.
Medium-voltage motors represented 14.0% of market revenue in 2025 and are expected to grow at an 8.5% CAGR (2026-2035). Mining, water treatment, oil and gas, cement, and marine operations favor these configurations where process continuity and energy performance can outweigh higher acquisition and installation costs.
High-voltage motors are projected to generate USD 12.1 billion in 2035 and represented 4.0% of market revenue in 2025. This project-oriented category is shaped by utility, power-generation, and heavy-industry requirements, with competition resting on customization, testing capability, field service, and the ability to meet demanding delivery schedules.
By Application
Automotive and transportation generated USD 59.2 billion in 2025 and are projected to account for 42.5% of market revenue in 2035. Electrified drivetrains are increasing motor content per vehicle and raising the strategic importance of thermal performance, inverter integration, power density, and validated automotive-grade manufacturing.
Industrial machinery is projected to generate USD 53.6 billion in 2035 and represented 18.2% of market revenue in 2025. Replacement demand, automation investment, and production-line modernization support this application, particularly where manufacturers require precision control, uptime assurance, and lower energy consumption across complex operating profiles.
HVAC and refrigeration generated USD 18.3 billion in 2025 and are projected to generate USD 37.6 billion in 2035. Inverter-driven compressors, ventilation systems, and building-efficiency initiatives are changing the application's motor mix, increasing the value of speed control and integrated system performance over conventional fixed-speed operation.
Household appliances are projected to generate USD 30.7 billion in 2035 and represented 11.4% of market revenue in 2025. Replacement purchases and rising appliance penetration sustain demand, while efficiency labels and consumer expectations for quieter, more responsive products are accelerating the shift away from conventional universal and brushed designs.
Robotics and automation generated USD 11.1 billion in 2025 and are projected to grow at a 9.8% CAGR (2026-2035). Collaborative robots, automated guided vehicles, warehouse systems, and precision manufacturing require compact, responsive motors that can perform reliably under repeated high-cycle operation and tightly controlled motion profiles.
Aerospace is projected to generate USD 10.0 billion in 2035 and represented 3.9% of market revenue in 2025. Electrified actuation and auxiliary systems create a long-term opportunity, but certification requirements, program timelines, and demanding reliability standards keep adoption measured and supplier qualification highly selective.
By End-User Industry
Transportation represented 40.5% of market revenue in 2025 and is projected to generate USD 130.1 billion in 2035. Vehicle manufacturers, rail operators, marine builders, and two- and three-wheeler producers are converging around higher motor content, making drivetrain architecture and supplier integration increasingly important competitive variables.
Industrial end users generated USD 36.0 billion in 2025 and are projected to expand at a 7.1% CAGR (2026-2035). Process industries, utilities, and manufacturers are balancing efficiency compliance with operating continuity, favoring suppliers that can support installed-base modernization without disrupting critical production assets.
Residential end users are projected to generate USD 43.9 billion in 2035 and represented 16.2% of market revenue in 2025. Household cooling, appliance replacement, and domestic electrification support the segment, while efficiency standards create opportunities for upgraded motor technologies to enter routine consumer equipment refresh cycles.
Commercial end users generated USD 20.0 billion in 2025 and are projected to account for 13.5% of market revenue in 2035. Buildings, elevators, refrigeration, and commercial HVAC systems create demand for reliable, serviceable motors, with property owners increasingly focusing on energy use, maintenance planning, and system-level retrofit economics.
Agriculture is projected to generate USD 6.9 billion in 2035 and represented 2.4% of market revenue in 2025. Irrigation, food processing, controlled-environment farming, and rural electrification expand the opportunity, although purchasing patterns remain sensitive to infrastructure availability, farm economics, and equipment-financing conditions.
By Sales Channel
OEM channels generated USD 100.6 billion in 2025 and are projected to account for 70.0% of market revenue in 2035. Electrified product platforms increasingly integrate motor decisions into original equipment design, favoring suppliers that can meet long qualification cycles, support co-development, and deliver consistent volumes across manufacturing locations.
The aftermarket channel is projected to generate USD 90.7 billion in 2035 and represented 32.0% of market revenue in 2025. Its opportunity is supported by a large installed base of industrial, HVAC, and commercial equipment, where replacement procurement rewards local availability, technical service, and compatibility with legacy systems.
GMI Analyst View
We view segmentation as increasingly defined by performance requirements rather than traditional product boundaries. Traction, robotics, smart manufacturing, and inverter-driven HVAC are directing value toward motors that combine efficiency, control, and application-specific engineering, while commodity demand remains important for scale but offers less margin flexibility.
Electric Motors Market Regional Analysis
North America Electric Motors Market Analysis
The electric motors market in North America generated USD 28.1 billion in 2025 and is projected to generate USD 51.7 billion in 2035. Automotive assembly, industrial production, commercial HVAC replacement, and warehouse automation support demand, while efficiency standards create a more structured modernization cycle across the installed equipment base.
United States
The United States generated USD 21.9 billion in 2025 and is projected to generate USD 41.1 billion in 2035. Domestic EV production, advanced manufacturing investment, and automation in logistics and semiconductor-related facilities support demand for traction, servo, and high-efficiency industrial motors.
Canada
Canada represented 4.2% of market revenue in 2025 and is projected to grow at a 6.0% CAGR (2026-2035). Mining, oil sands, hydropower, and commercial infrastructure sustain demand for higher-power equipment, while efficiency programs support replacement activity in industrial and building applications.
Europe Electric Motors Market Analysis
Europe is projected to account for 20.8% of market revenue in 2035 and is expected to expand at a 7.5% CAGR (2026-2035). The region's regulatory environment supports a time-bound replacement opportunity, while automotive electrification and industrial automation deepen demand for advanced traction and motion-control systems.
Germany
Germany generated USD 8.4 billion in 2025 and is projected to generate USD 17.3 billion in 2035. Its dense automotive, machinery, chemical, and food-processing base combines large-scale demand for industrial motors with high requirements for precision, energy performance, and factory automation.
United Kingdom
The United Kingdom is projected to account for 2.6% of market revenue in 2035 and is expected to grow at a 7.0% CAGR (2026-2035). Commercial-building retrofits, offshore energy activity, and electrification investment support demand, with project economics and regulatory implementation influencing the pace of equipment upgrades.
France
France generated USD 4.0 billion in 2025 and is projected to account for 2.6% of market revenue in 2035. Energy infrastructure, automotive manufacturing, refrigeration, and building renovation programs create a diversified demand base for both industrial and commercial motor systems.
Italy
Italy represented 2.3% of market revenue in 2025 and is projected to generate USD 6.7 billion in 2035. Machinery, textiles, ceramics, and food processing create a fragmented but technically demanding customer base, where energy-efficiency upgrades are often tied to broader manufacturing modernization.
Spain
Spain is projected to generate USD 5.1 billion in 2035 and is expected to grow at a 7.2% CAGR (2026-2035). Water-management systems, agri-food processing, and renewable-energy infrastructure support industrial demand, while energy-transition programs encourage motor upgrades in commercial and manufacturing settings.
Asia Pacific Electric Motors Market Analysis
Asia Pacific generated USD 77.0 billion in 2025 and is projected to account for 54.0% of market revenue in 2035. The region combines large-scale motor production with expanding EV manufacturing, industrial capacity additions, electronics output, and cooling demand, creating the broadest global demand base across motor classes.
China
China generated USD 42.0 billion in 2025 and is projected to account for 29.5% of market revenue in 2035. Its integrated EV supply chain, industrial policy, and manufacturing scale make the country central to traction-motor demand as well as broad industrial and consumer-motor consumption.
Japan
Japan is projected to generate USD 17.5 billion in 2035 and represented 6.8% of market revenue in 2025. Precision manufacturing, robotics, rail applications, and stringent efficiency expectations favor high-specification motors and suppliers with strong capabilities in reliability, control, and application engineering.
India
India generated USD 5.5 billion in 2025 and is projected to grow at a 10.5% CAGR (2026-2035). Manufacturing expansion, electrified two- and three-wheelers, irrigation-pump demand, urban cooling needs, and industrial efficiency upgrades create a broad-based growth platform across consumer and industrial categories.
South Korea
South Korea is projected to generate USD 11.9 billion in 2035 and represented 4.1% of market revenue in 2025. Electronics, automotive production, battery supply chains, and smart-factory investment support demand for precision servo systems and traction-motor assemblies.
Australia
Australia is projected to generate USD 4.6 billion in 2035, compared with USD 2.5 billion in 2025. Mining operations, pumping and ventilation systems, commercial HVAC, and emerging electrified transport demand favor robust medium- and high-power motors supported by specialized service capability.
Indonesia
Indonesia represented 1.4% of market revenue in 2025 and is projected to generate USD 5.0 billion in 2035. Industrial development, two- and three-wheeler electrification, and investment in processing, electronics, and battery-related capacity are broadening the country's demand beyond conventional industrial uses.
Vietnam
Vietnam generated USD 1.5 billion in 2025 and is projected to grow at a 9.0% CAGR (2026-2035). Its move toward higher-value electronics, textile, and automotive-component manufacturing supports industrial motor demand, while vehicle production and domestic electrification add new traction-related opportunities.
Singapore
Singapore is projected to generate USD 2.8 billion in 2035 and represented 1.0% of market revenue in 2025. Demand is concentrated in semiconductor fabrication, precision manufacturing, data centers, and commercial buildings, producing a premium-oriented market with relatively lower volume intensity.
Latin America Electric Motors Market Analysis
Latin America represented 4.0% of market revenue in 2025 and is projected to grow at a 7.0% CAGR (2026-2035). Industrial processing, agriculture, mining, urban cooling, and nearshoring-related manufacturing investment support demand, though capital expenditure patterns vary materially by country and end market.
Brazil
Brazil generated USD 3.0 billion in 2025 and is projected to account for 2.0% of market revenue in 2035. Agri-processing, mining, petrochemicals, and expanding HVAC use create a diversified industrial demand base, with electrification gradually adding opportunities in transport-related applications.
Mexico
Mexico is projected to generate USD 3.8 billion in 2035 and represented 1.2% of market revenue in 2025. Its integration with North American automotive and electronics supply chains supports demand for factory automation and OEM motor procurement, particularly as nearshoring investment reshapes local production capacity.
Argentina
Argentina generated USD 0.5 billion in 2025 and is projected to grow at a 5.0% CAGR (2026-2035). Agriculture, mining, and oil and gas provide a durable industrial base, although macroeconomic volatility can delay capital investment in motor-intensive equipment and replacement projects.
Middle East & Africa Electric Motors Market Analysis
Middle East & Africa is projected to generate USD 13.1 billion in 2035 and represented 4.0% of market revenue in 2025. Infrastructure construction, process industries, desalination, urban cooling, and economic diversification programs are expanding demand for industrial motors, pumps, compressors, and building systems.
Saudi Arabia
Saudi Arabia generated USD 1.3 billion in 2025 and is projected to grow at a 9.0% CAGR (2026-2035). Industrial diversification, petrochemical activity, desalination, construction, and renewable-energy projects support demand for process motors and high-capacity pumping and compressor applications.
UAE
The UAE represented 0.7% of market revenue in 2025 and is projected to generate USD 2.5 billion in 2035. Commercial construction, hospitality, logistics, data centers, and fleet electrification support a demand profile weighted toward HVAC, material handling, and infrastructure-related motor systems.
South Africa
South Africa is projected to generate USD 1.8 billion in 2035, compared with USD 0.9 billion in 2025. Mining remains the primary industrial anchor for high-power motor demand, while process industries and commercial building systems provide a broader replacement and service opportunity.
GMI Analyst View
We expect Asia Pacific to remain the market's principal demand center because electrification, industrialization, and manufacturing investment are advancing together. North America and Europe offer more replacement-led demand, whereas Middle East & Africa is shaped by earlier-stage infrastructure and industrial-capacity expansion that favors sustained equipment procurement.
Electric Motors Market Share & Competitive Landscape
The global electric motors market share remains fragmented, with the five leading companies-Nidec Corporation, Bosch, Denso Corporation, ABB Motion, and BorgWarner-collectively accounting for 24.5% of market revenue in 2025. Competition differs sharply by application: scale, manufacturing reach, and cost control matter in broad-volume categories, while qualification capability, systems engineering, and long-term customer integration carry greater weight in traction, industrial drive, and motion-control segments.
Nidec Corporation held 8.0% market share in 2025. Its position reflects a portfolio spanning automotive, appliance, precision, and industrial motor categories, supported by a broad manufacturing footprint and a strategy of expanding capabilities through targeted acquisitions and product development.
Bosch held 6.4% market share in 2025. Its automotive electrification exposure and industrial automation capabilities position the company to participate in both vehicle-platform transitions and factory modernization, where integration across motor, control, and drivetrain systems can influence supplier selection.
Denso Corporation held 4.8% market share in 2025. The company's traction-motor presence and alignment with automotive electrification programs provide a focused position in premium mobility applications, where manufacturing quality, power-density engineering, and close OEM collaboration are central to competitive differentiation.
ABB Motion and BorgWarner contribute distinct strengths in industrial drive systems and e-mobility propulsion, respectively. Other significant participants, including Siemens through Innomotics, WEG, Regal Rexnord, Yaskawa Electric, Wolong Electric Group, Johnson Electric Holdings, and regional specialists, compete through product specialization, channel reach, manufacturing proximity, and application-level service capability. The breadth of end uses leaves room for both global platform suppliers and focused manufacturers with deep expertise in particular power ranges, motor technologies, or customer industries.
Recent Industry Developments
EBARA Corporation to Acquire Mitsubishi Electric's Three-Phase Motor Business — November 2025
EBARA Corporation announced an agreement to acquire Mitsubishi Electric's three-phase and interior permanent magnet motor businesses, including production assets in Japan and Thailand. The transaction is intended to combine motor technology with EBARA's industrial machinery portfolio and expand its energy-efficiency and predictive-maintenance offerings. The transferred product range includes IE5-class motors, reinforcing the strategic importance of premium-efficiency industrial products [5]EBARA Corporation. "EBARA to Acquire Mitsubishi Electric's Three-Phase Motor Business." ebara.com.
Hitachi Completes Acquisition of Joliet Electric Motors — January 2025
Hitachi completed its acquisition of Joliet Electric Motors, a provider of sales and maintenance services for large motors serving energy and heavy-industry customers in North America. The acquisition expands Hitachi Industrial Products' aftermarket reach and strengthens its ability to support large-motor maintenance and electrification-related industrial customer requirements [6]Hitachi Ltd. "Hitachi Acquires a Sales and Maintenance Service Company for Large Motors in the United States." hitachi.com.
Mabuchi Motor to Acquire Nippon Pulse Motor — October 2025
Mabuchi Motor announced a definitive agreement to acquire Nippon Pulse Motor, a supplier of precision small motors and motion-control solutions. The transaction broadens Mabuchi's presence in stepper motors and linear actuators, adding capability relevant to automation, medical devices, and industrial electronics applications [7]Mabuchi Motor Co., Ltd. "Mabuchi Motor to Acquire Nippon Pulse Motor Co., Ltd., Precision Small Motors and Precision Motion Control Provider." solution.mabuchi-motor.com.
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