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Industrial Motor Market- By Product Type ; Operation ; DC , By Power Rating , By Voltage ; Medium Voltage , By Applications, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Industrial Motor Market Overview:
Industrial Motor Market size is estimated to reach $33 billion by 2030, growing at a CAGR of 4.24% during the forecast period 2024-2030. Growing demand for industrial motors in the Automotive and Oil and Gas industries, Growth of Chemicals & Petrochemicals industries leading to the adoption of industrial motors and Ongoing technological advancements in industrial motors, including improvements in efficiency, smart motor technologies, and IoT integration are propelling the Industrial Motor Market growth.
Additionally, increasing production of electric vehicles has accelerated the demand for industrial motors for higher efficiency and good speed regulation during the forecast period is also boosting the growth of the market. The demand for industrial motors is being propelled by increased manufacturing activities, especially in emerging economies. In May 2023, ABB ltd. acquired the Siemens low voltage NEMA motor business. The acquisition of this business area’s profitable growth strategy. The rising focus on sustainable energy sources and initiatives for green manufacturing are further driving market growth. Manufacturers are emphasizing the development of more reliable, efficient, and environmentally friendly motor solutions to meet evolving industry demands. Furthermore, rising number of government incentives to encourage use of energy efficient industrial motors for safeguarding the environment from carbon emissions is also expected to drive the market growth during the forecast period.
Market Snapshot:
Industrial Motor Market - Report Coverage:
The “Industrial Motor Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Motor Market.
| Attribute | Segment |
|---|---|
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By Product Type |
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By Product Category |
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By Phase |
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By Power Rating |
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By Voltage |
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By Efficiency |
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By Applications |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic significantly impacted the Industrial Motors Market, catalyzing a shift toward Industry 4.0 and enhancing manufacturing productivity. This crisis accelerated changes in logistics, emphasizing the importance of resilient supply chains and driving the adoption of advanced AC motors.
- The Russia-Ukraine war significantly disrupted the Industrial Motors Market due to supply chain interruptions, heightened geopolitical tensions, and trade restrictions. Increased uncertainty led to fluctuating prices, limited access to raw materials, and challenges in manufacturing, impacting the market's stability and growth prospects.
Key Takeaways:
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Fastest Growth of North America Region
Geographically, in the global Industrial Motor market share, North America is analyzed to grow with the highest CAGR of 5.5% during the forecast period 2024-2030. The increasing adoption of industrial motors in power generation, aerospace, automotive and chemical industries is analyzed to expand Industrial Motor Market in this region. USA, Canada and Mexico are the top contributors in industrial motor market growth in this region. Moreover, a rising number of government incentives to encourage use of energy efficient industrial motors for safeguarding the environment from carbon emissions is expected to drive the market growth. For instance, USA has planned to increase carbon-free power generation from 27% to 35% of total by 2025, thus increasing the scope of adoption of energy efficient motors among industries.
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AC Motors to Register the Fastest Growth
In the Industrial Motor Market analysis, the AC motors segment is estimated to grow with the highest CAGR of 4.5% during the forecast period. These motors are the major type of industrial motors used in industrial applications like used in conveyors, cranes, pumps, elevators, compressors, drilling machines, oil extracting mills and others. Asynchronous motors have lot of advantages such as less cost, easy to maintain, efficiency in partial-load operation and others. Owing to its advantages, the adoption rate is higher among industries, thus supporting the growth of the Industrial Motor Market. In June 2023, ABB Ltd. developed the new generation AMI 5800 NEMA modular induction motor to offer exceptional energy efficiency and reliability in demanding such as pumps, compressors and conveyors.
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Oil & Gas is Leading the Market
According to the Industrial Motor Market forecast, the Oil & Gas held the largest market valuation of 23% in 2023. The growth of industrial motors in the Oil & Gas industry is majorly driven by rising investment for the expansion id Oil & Gas production owing to the rising energy demands. The government of India invested $2.86 billion in upstream oil & gas production to double natural gas production to 60 cm and drill more than 120 exploration wells in 2022.
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Growing demand for industrial motors in the Automotive and Oil and Gas industries will positively impact the market growth
Increasing demand for industrial motors in the Automotive and Oil and Gas industries will positively impact the market growth. Rising investments for the expansion of oil and gas production across the world owing to the rising energy demands also triggers the growth of the market. In 2022, the Government of India invested $2.86 billion in the upstream oil and gas production to double natural gas production to 60 bcm and drill more than 120 exploration wells. These major investments tend to bring significant growth in the demand of industrial motors for Upstream Oil and Gas industry, further driving its market growth during the forecast period.
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Growth of Chemicals & Petrochemicals industries leading to the adoption of industrial motors is analyzed to drive the market growth in the forecast period
The Industrial Motors Market is set to expand owing to the escalating Chemicals & Petrochemicals industries. As these sectors burgeon, there's a heightened demand for motors, driven by factors such as automation, machinery modernization, and energy efficiency initiatives. Rising production levels, stringent regulations mandating energy-efficient equipment, and technological advancements amplifying motor performance are pivotal growth catalysts. With the Chemicals & Petrochemicals sectors requiring robust motor systems for various applications, this surge in demand is projected to propel the Industrial Motors Market in the forecast period.
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High Cost of Raw Materials to Manufacture Industrial Motors Can Hamper the Market Growth
High cost of raw materials to manufacture industrial motors can act as a major challenge restraining the growth of Industrial Motor Market. The cost of raw material such as metals which includes steel, aluminium and insulation materials are quite expensive. Moreover, these industrial motors consume more electricity which results into rise of cost per unit. Furthermore, availability of low-quality industrial motors is another factor that can hamper the market growth. Leading industrial motor manufacturing companies are facing intense competition from local motor manufacturers supplying inexpensive and low-quality AC and DC Motors to tap local markets, thus competing strongly with the global suppliers in the respective markets. Owing to the above-mentioned factors, use of energy efficient industrial motor will be significantly impacted, thus hampering its market growth.
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Industrial Motor Market. The top 10 companies in this industry are listed below:
- ABB Ltd
- Bosch Electric
- Nidec Corporation
- Regal Rexnord
- Franklin Electric Company Inc.
- Teco electric & machinery co. ltd.
- Johnson Electric
- Woolong (General Electric Company)
- Vybronics
- Mabuchi Motor Co., Ltd.
- Bonfiglioli Group
- Siemens AG
- General Electric
- Toshiba Corporation
- Rockwell Automation Inc
Scope of the Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.2% |
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Market Size in 2030 |
$33 billion |
|
Segments Covered |
Product Type, Production Category, By Phase, By Power Rating, By Voltage, By Efficiency, By Application and Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1. ABB Ltd 2. Bosch Electric 3. Nidec Corporation 4. Regal Rexnord 5. Franklin Electric Company Inc. 6. Teco electric & machinery co. ltd. 7. Johnson Electric 8. Woolong (General Electric Company) 9. Vybronics 10. Mabuchi Motor Co., Ltd. |
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1.1. Definitions and Scope
2. Industrial Motor Market - Executive Summary
3. Industrial Motor Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Industrial Motor Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Industrial Motor Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Industrial Motor Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Industrial Motor Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Industrial Motor Market – by Product Type (Market Size – $Million/$Billion)
8.1. AC Motor
8.1.1. Induction Motor
8.1.2. Synchronous Motor
8.1.3. Servo Motor
8.1.4. Stepper Motor
8.2. DC Motor
8.2.1. Brushed DC Motor
8.2.2. Brushless DC Motor
8.2.3. Servo Motor
8.2.4. Series Motor
8.2.5. Stepper Motor
8.2.6. Compound Motor
9. Industrial Motor Market – by Product category (Market Size – $Million/$Billion)
9.1. Permanent Magnet
9.2. Non-Permanent Magnet
10. Industrial Motor Market – by Phase (Market Size – $Million/$Billion)
10.1. Single Phase
10.2. Three Phase
11. Industrial Motor Market – by Power Rating (Market Size – $Million/$Billion)
11.1. Below 0.5W
11.2. 0.5W-1W
11.3. 1W to 100W
11.4. 100W to 1KW
11.5. 1KW to 10KW
11.6. 10KW and Above
12. Industrial Motor Market – by Voltage (Market Size – $Million/$Billion)
12.1. Low Voltage
12.2. Medium Voltage
12.3. High Voltage
13. Industrial Motor Market – by Efficiency (Market Size – $Million/$Billion)
13.1. IE1
13.2. IE2
13.3. IE3
13.4. IE4
14. Industrial Motor Market – by Application (Market Size – $Million/$Billion)
14.1. Oil & Gas
14.1.1. Upstream
14.1.2. Midstream
14.1.3. Downstream
14.2. Aerospace
14.2.1. Actuation
14.2.2. Ventilating
14.2.3. Air Conditioning
14.3. Automotive
14.4. HVAC
14.4.1. Heating
14.4.2. Ventilating
14.4.3. Air Conditioning
14.5. Paper & Pulp
14.5.1. Feed & Conveyor Systems
14.5.2. Fans & Blowers
14.5.3. Reeling & Rolling Machines
14.5.4. Mixers
14.5.5. Others
14.6. Food & Beverage
14.6.1. Milling
14.6.2. Grinding & Mixers
14.6.3. Conveyor Systems
14.6.4. Pumping Systems
14.6.5. Packaging
14.6.6. Others
14.7. Textile
14.7.1. Mixing & Beating Machines
14.7.2. Carding Machines
14.7.3. Winding Machines
14.7.4. Washers & Pumps
14.7.5. Blowers
14.7.6. Others
14.8. Transportation
14.8.1. Logistics & Warehousing
14.8.1.1. Manual Cranes & Hoists
14.8.1.2. ASRS Systems
14.8.1.3. Belt Conveyors
14.8.1.4. Others
14.8.2. Railways
14.8.2.1. Traction
14.8.2.2. Blowers
14.8.2.3. Others
14.9. Power Generation
14.9.1. Coal, Gas and Oil-Fired Plants
14.9.2. Nuclear Power Plants
14.9.3. Geothermal Power Plants
14.9.4. Hydro Power Plants
14.9.5. Wind Mills
14.9.6. Others
14.10. Agriculture
14.10.1. Pumping Systems
14.10.2. Grain Handling and Conveyor System
14.10.3. Aeration and Conditioning
14.10.4. Feed Delivery Systems
14.10.5. Others
14.11. Chemical
14.11.1. Pumps
14.11.2. Fans
14.11.3. Blowers and Compressors
14.11.4. Centrifuges
14.11.5. Agitators and Mixers
14.11.6. Others
14.12. Industrial Machinery
14.12.1. Machine Tools
14.12.2. Assembly Line and Conveyor Systems,
14.12.3. Others
14.13. Plastics and Packaging
14.14. Industrial Automation
14.15. Others
15. Industrial Motor Market – by Geography (Market Size – $Million/$Billion)
15.1. North America
15.1.1. The U.S.
15.1.2. Canada
15.1.3. Mexico
15.2. Europe
15.2.1. UK
15.2.2. Germany
15.2.3. France
15.2.4. Italy
15.2.5. Spain
15.2.6. Russia
15.2.7. Rest of Europe
15.3. Asia-Pacific
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Australia & New Zealand
15.3.6. Rest of Asia-Pacific
15.4. South America
15.4.1. Brazil
15.4.2. Argentina
15.4.3. Chile
15.4.4. Colombia
15.4.5. Rest of South America
15.5. Rest of the World
15.5.1. Middle East
15.5.2. Africa
16. Industrial Motor Market – Entropy
17. Industrial Motor Market – Industry/Segment Competition Landscape
17.1. Market Share Analysis
17.1.1. Market Share by Product Type – Key Companies
17.1.2. Market Share by Region – Key Companies
17.1.3. Market Share by Country – Key Companies
17.2. Competition Matrix
17.3. Best Practices for Companies
18. Industrial Motor Market – Key Company List by Country Premium
19. Industrial Motor Market - Company Analysis
19.1. Company 1
19.2. Company 2
19.3. Company 3
19.4. Company 4
19.5. Company 5
19.6. Company 6
19.7. Company 7
19.8. Company 8
19.9. Company 9
19.10. Company 10
• "Financials to the Private Companies would be provided on best-effort basis."
List of Tables
Table 1 Industrial Motors Market Overview 2023-2030
Table 2 Industrial Motors Market Leader Analysis 2023-2024 (US$)
Table 3 Industrial Motors Market Product Analysis 2023-2024 (US$)
Table 4 Industrial Motors Market End User Analysis 2023-2024 (US$)
Table 5 Industrial Motors Market Patent Analysis 2021-2023* (US$)
Table 6 Industrial Motors Market Financial Analysis 2023-2024 (US$)
Table 7 Industrial Motors Market Driver Analysis 2023-2024 (US$)
Table 8 Industrial Motors Market Challenges Analysis 2023-2024 (US$)
Table 9 Industrial Motors Market Constraint Analysis 2023-2024 (US$)
Table 10 Industrial Motors Market Supplier Bargaining Power Analysis 2023-2024 (US$)
Table 11 Industrial Motors Market Buyer Bargaining Power Analysis 2023-2024 (US$)
Table 12 Industrial Motors Market Threat of Substitutes Analysis 2023-2024 (US$)
Table 13 Industrial Motors Market Threat of New Entrants Analysis 2023-2024 (US$)
Table 14 Industrial Motors Market Degree of Competition Analysis 2023-2024 (US$)
Table 15 Industrial Motors Market Value Chain Analysis 2023-2024 (US$)
Table 16 Industrial Motors Market Pricing Analysis 2023-2030 (US$)
Table 17 Industrial Motors Market Opportunities Analysis 2023-2030 (US$)
Table 18 Industrial Motors Market Product Life Cycle Analysis 2023-2030 (US$)
Table 19 Industrial Motors Market Supplier Analysis 2023-2024 (US$)
Table 20 Industrial Motors Market Distributor Analysis 2023-2024 (US$)
Table 21 Industrial Motors Market Trend Analysis 2023-2024 (US$)
Table 22 Industrial Motors Market Size 2023 (US$)
Table 23 Industrial Motors Market Forecast Analysis 2023-2030 (US$)
Table 24 Industrial Motors Market Sales Forecast Analysis 2023-2030 (Units)
Table 25 Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 26 Industrial Motors Market By Voltage, Revenue & Volume,By Very Low Voltage, 2023-2030 ($)
Table 27 Industrial Motors Market By Voltage, Revenue & Volume,By Low Voltage, 2023-2030 ($)
Table 28 Industrial Motors Market By Voltage, Revenue & Volume,By IE 1 (Standard Efficiency), 2023-2030 ($)
Table 29 Industrial Motors Market By Voltage, Revenue & Volume,By Medium Voltage , 2023-2030 ($)
Table 30 Industrial Motors Market By Voltage, Revenue & Volume,By High Voltage, 2023-2030 ($)
Table 31 Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 32 Industrial Motors Market By Product Type, Revenue & Volume,By AC, 2023-2030 ($)
Table 33 Industrial Motors Market By Product Type, Revenue & Volume,By Operation, 2023-2030 ($)
Table 34 Industrial Motors Market By Product Type, Revenue & Volume,By DC, 2023-2030 ($)
Table 35 Industrial Motors Market By Product Type, Revenue & Volume,By Brushless DC Motor, 2023-2030 ($)
Table 36 Industrial Motors Market By Product Type, Revenue & Volume,By Electronically Commuted Motors (ECM), 2023-2030 ($)
Table 37 Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 38 Industrial Motors Market By End User, Revenue & Volume,By Oil and Gas, 2023-2030 ($)
Table 39 Industrial Motors Market By End User, Revenue & Volume,By Power Generation, 2023-2030 ($)
Table 40 Industrial Motors Market By End User, Revenue & Volume,By Mining, 2023-2030 ($)
Table 41 Industrial Motors Market By End User, Revenue & Volume,By Metal Processing, 2023-2030 ($)
Table 42 Industrial Motors Market By End User, Revenue & Volume,By Utilities, 2023-2030 ($)
Table 43 North America Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 44 North America Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 45 North America Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 46 South america Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 47 South america Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 48 South america Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 49 Europe Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 50 Europe Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 51 Europe Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 52 APAC Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 53 APAC Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 54 APAC Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 55 Middle East & Africa Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 56 Middle East & Africa Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 57 Middle East & Africa Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 58 Russia Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 59 Russia Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 60 Russia Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 61 Israel Industrial Motors Market, Revenue & Volume,By Voltage, 2023-2030 ($)
Table 62 Israel Industrial Motors Market, Revenue & Volume,By Product Type, 2023-2030 ($)
Table 63 Israel Industrial Motors Market, Revenue & Volume,By End User, 2023-2030 ($)
Table 64 Top Companies 2023 (US$)Industrial Motors Market, Revenue & Volume
Table 65 Product Launch 2023-2024Industrial Motors Market, Revenue & Volume
Table 66 Mergers & Acquistions 2023-2024Industrial Motors Market , Revenue & Volume
List of Figures
Figure 1 Overview of Industrial Motors Market 2023-2030
Figure 2 Market Share Analysis for Industrial Motors Market 2023 (US$)
Figure 3 Product Comparison in Industrial Motors Market 2023-2024 (US$)
Figure 4 End User Profile for Industrial Motors Market 2023-2024 (US$)
Figure 5 Patent Application and Grant in Industrial Motors Market 2021-2023* (US$)
Figure 6 Top 5 Companies Financial Analysis in Industrial Motors Market 2023-2024 (US$)
Figure 7 Market Entry Strategy in Industrial Motors Market 2023-2024
Figure 8 Ecosystem Analysis in Industrial Motors Market 2023
Figure 9 Average Selling Price in Industrial Motors Market 2023-2030
Figure 10 Top Opportunites in Industrial Motors Market 2023-2024
Figure 11 Market Life Cycle Analysis in Industrial Motors Market
Figure 12 GlobalBy VoltageIndustrial Motors Market Revenue, 2023-2030 ($)
Figure 13 GlobalBy Product TypeIndustrial Motors Market Revenue, 2023-2030 ($)
Figure 14 GlobalBy End UserIndustrial Motors Market Revenue, 2023-2030 ($)
Figure 15 Global Industrial Motors Market - By Geography
Figure 16 Global Industrial Motors Market Value & Volume, By Geography, 2023-2030 ($)
Figure 17 Global Industrial Motors Market CAGR, By Geography, 2023-2030 (%)
Figure 18 North America Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 19 US Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 20 US GDP and Population, 2023-2024 ($)
Figure 21 US GDP – Composition of 2023, By Sector of Origin
Figure 22 US Export and Import Value & Volume, 2023-2024 ($)
Figure 23 Canada Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 24 Canada GDP and Population, 2023-2024 ($)
Figure 25 Canada GDP – Composition of 2023, By Sector of Origin
Figure 26 Canada Export and Import Value & Volume, 2023-2024 ($)
Figure 27 Mexico Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 28 Mexico GDP and Population, 2023-2024 ($)
Figure 29 Mexico GDP – Composition of 2023, By Sector of Origin
Figure 30 Mexico Export and Import Value & Volume, 2023-2024 ($)
Figure 31 South America Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 32 Brazil Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 33 Brazil GDP and Population, 2023-2024 ($)
Figure 34 Brazil GDP – Composition of 2023, By Sector of Origin
Figure 35 Brazil Export and Import Value & Volume, 2023-2024 ($)
Figure 36 Venezuela Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 37 Venezuela GDP and Population, 2023-2024 ($)
Figure 38 Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 39 Venezuela Export and Import Value & Volume, 2023-2024 ($)
Figure 40 Argentina Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 41 Argentina GDP and Population, 2023-2024 ($)
Figure 42 Argentina GDP – Composition of 2023, By Sector of Origin
Figure 43 Argentina Export and Import Value & Volume, 2023-2024 ($)
Figure 44 Ecuador Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 45 Ecuador GDP and Population, 2023-2024 ($)
Figure 46 Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 47 Ecuador Export and Import Value & Volume, 2023-2024 ($)
Figure 48 Peru Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 49 Peru GDP and Population, 2023-2024 ($)
Figure 50 Peru GDP – Composition of 2023, By Sector of Origin
Figure 51 Peru Export and Import Value & Volume, 2023-2024 ($)
Figure 52 Colombia Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 53 Colombia GDP and Population, 2023-2024 ($)
Figure 54 Colombia GDP – Composition of 2023, By Sector of Origin
Figure 55 Colombia Export and Import Value & Volume, 2023-2024 ($)
Figure 56 Costa Rica Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 57 Costa Rica GDP and Population, 2023-2024 ($)
Figure 58 Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 59 Costa Rica Export and Import Value & Volume, 2023-2024 ($)
Figure 60 Europe Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 61 U.K Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 62 U.K GDP and Population, 2023-2024 ($)
Figure 63 U.K GDP – Composition of 2023, By Sector of Origin
Figure 64 U.K Export and Import Value & Volume, 2023-2024 ($)
Figure 65 Germany Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 66 Germany GDP and Population, 2023-2024 ($)
Figure 67 Germany GDP – Composition of 2023, By Sector of Origin
Figure 68 Germany Export and Import Value & Volume, 2023-2024 ($)
Figure 69 Italy Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 70 Italy GDP and Population, 2023-2024 ($)
Figure 71 Italy GDP – Composition of 2023, By Sector of Origin
Figure 72 Italy Export and Import Value & Volume, 2023-2024 ($)
Figure 73 France Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 74 France GDP and Population, 2023-2024 ($)
Figure 75 France GDP – Composition of 2023, By Sector of Origin
Figure 76 France Export and Import Value & Volume, 2023-2024 ($)
Figure 77 Netherlands Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 78 Netherlands GDP and Population, 2023-2024 ($)
Figure 79 Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 80 Netherlands Export and Import Value & Volume, 2023-2024 ($)
Figure 81 Belgium Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 82 Belgium GDP and Population, 2023-2024 ($)
Figure 83 Belgium GDP – Composition of 2023, By Sector of Origin
Figure 84 Belgium Export and Import Value & Volume, 2023-2024 ($)
Figure 85 Spain Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 86 Spain GDP and Population, 2023-2024 ($)
Figure 87 Spain GDP – Composition of 2023, By Sector of Origin
Figure 88 Spain Export and Import Value & Volume, 2023-2024 ($)
Figure 89 Denmark Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 90 Denmark GDP and Population, 2023-2024 ($)
Figure 91 Denmark GDP – Composition of 2023, By Sector of Origin
Figure 92 Denmark Export and Import Value & Volume, 2023-2024 ($)
Figure 93 APAC Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 94 China Industrial Motors Market Value & Volume, 2023-2030
Figure 95 China GDP and Population, 2023-2024 ($)
Figure 96 China GDP – Composition of 2023, By Sector of Origin
Figure 97 China Export and Import Value & Volume, 2023-2024 ($)Industrial Motors Market China Export and Import Value & Volume, 2023-2024 ($)
Figure 98 Australia Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 99 Australia GDP and Population, 2023-2024 ($)
Figure 100 Australia GDP – Composition of 2023, By Sector of Origin
Figure 101 Australia Export and Import Value & Volume, 2023-2024 ($)
Figure 102 South Korea Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 103 South Korea GDP and Population, 2023-2024 ($)
Figure 104 South Korea GDP – Composition of 2023, By Sector of Origin
Figure 105 South Korea Export and Import Value & Volume, 2023-2024 ($)
Figure 106 India Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 107 India GDP and Population, 2023-2024 ($)
Figure 108 India GDP – Composition of 2023, By Sector of Origin
Figure 109 India Export and Import Value & Volume, 2023-2024 ($)
Figure 110 Taiwan Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 111 Taiwan GDP and Population, 2023-2024 ($)
Figure 112 Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 113 Taiwan Export and Import Value & Volume, 2023-2024 ($)
Figure 114 Malaysia Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 115 Malaysia GDP and Population, 2023-2024 ($)
Figure 116 Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 117 Malaysia Export and Import Value & Volume, 2023-2024 ($)
Figure 118 Hong Kong Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 119 Hong Kong GDP and Population, 2023-2024 ($)
Figure 120 Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 121 Hong Kong Export and Import Value & Volume, 2023-2024 ($)
Figure 122 Middle East & Africa Industrial Motors Market Middle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 123 Russia Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 124 Russia GDP and Population, 2023-2024 ($)
Figure 125 Russia GDP – Composition of 2023, By Sector of Origin
Figure 126 Russia Export and Import Value & Volume, 2023-2024 ($)
Figure 127 Israel Industrial Motors Market Value & Volume, 2023-2030 ($)
Figure 128 Israel GDP and Population, 2023-2024 ($)
Figure 129 Israel GDP – Composition of 2023, By Sector of Origin
Figure 130 Israel Export and Import Value & Volume, 2023-2024 ($)
Figure 131 Entropy Share, By Strategies, 2023-2024* (%)Industrial Motors Market
Figure 132 Developments, 2023-2024*Industrial Motors Market
Figure 133 Company 1 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 134 Company 1 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 135 Company 1 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 136 Company 2 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 137 Company 2 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 138 Company 2 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 139 Company 3Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 140 Company 3Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 141 Company 3Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 142 Company 4 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 143 Company 4 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 144 Company 4 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 145 Company 5 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 146 Company 5 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 147 Company 5 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 148 Company 6 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 149 Company 6 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 150 Company 6 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 151 Company 7 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 152 Company 7 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 153 Company 7 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 154 Company 8 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 155 Company 8 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 156 Company 8 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 157 Company 9 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 158 Company 9 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 159 Company 9 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 160 Company 10 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 161 Company 10 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 162 Company 10 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 163 Company 11 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 164 Company 11 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 165 Company 11 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 166 Company 12 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 167 Company 12 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 168 Company 12 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 169 Company 13Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 170 Company 13Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 171 Company 13Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 172 Company 14 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 173 Company 14 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 174 Company 14 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
Figure 175 Company 15 Industrial Motors Market Net Revenue, By Years, 2023-2024* ($)
Figure 176 Company 15 Industrial Motors Market Net Revenue Share, By Business segments, 2023 (%)
Figure 177 Company 15 Industrial Motors Market Net Sales Share, By Geography, 2023 (%)
The Industrial Motor Market is projected to grow at 4.2% CAGR during the forecast period 2024-2030.
Global Industrial Motor Market size is estimated to be $24.46 billion in 2023 and is projected to reach $32.72 billion by 2030
The leading players in the Industrial Motor Market are ABB Ltd, Bosch Electric, Nidec Corporation, Regal Rexnord, Franklin Electric Company Inc. and others.
Rising industrialization, increased adoption of energy-efficient motors, technological advancements in Industry 4.0, are some of the major Industrial Motor Market trends in the industry which will create growth opportunities for the market during the forecast period.
Growing demand for industrial motors in the Automotive and Oil and Gas industries, Growth of Chemicals & Petrochemicals industries are the driving factors of the market.