Industrial motors utilize alternating current (AC) from generators or power grids to efficiently convert electrical energy into mechanical energy. These motors offer high efficiency and do not require fuel or regular engine-oil maintenance, distinguishing them from other electrical devices. Known for their durability and longevity, industrial motors have few moving parts, ensuring smooth operation. As a result, they are extensively used in various industries worldwide, including machine tools, blowers, industrial fans, pumps, power tools, compressors, turbines, rolling mills, alternators, ships, movers, and paper mills.
The global industrial motors market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.52% during 2023-2028.
The industrial motors market is primarily driven by the increasing number of smart manufacturing pilot projects initiated by government bodies. Furthermore, significant investments in research and development (R&D) to introduce electric motor variants with a high power-to-weight ratio, addressing energy consumption and portability concerns, are further fueling market growth. Industrial motors are also widely utilized in various industrial processes and auxiliary systems, including compressed air generation, ventilation, and water pumping, contributing to their market expansion. Moreover, the growing demand for alternating current (AC) motors in applications such as water heaters, pumps, ovens, off-road motorized equipment, and garden equipment is positively influencing the global market. These motors are preferred for their reliability and low maintenance costs. Additionally, organizations are increasingly adopting industrial motors to reduce operational costs and save energy, driving market growth. The need for water recycling is also expected to contribute to the growth of the industrial motors market in the forecasted period.
The report has segmented the market into the 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
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
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.
