How Big Is the Electrical Machinery Market | Insights & Trends 2031

Q: What is driving the electrical machinery market growth?

Growth is fueled by energy infrastructure modernization and demand for electric machinery in EVs, construction, and smart cities.

Q: What is the projected to compound annual growth rate (CAGR) of electrical machinery market?

Electrical machinery market is expected to grow at a CAGR of 7.9% during the forecast period.

Q: What are the prominent companies in the electrical machinery market?

Some of the prominent companies include Siemens AG, Mitsubishi Electric Corporation, ABB Ltd., Schneider Electric, and Toshiba Corporation.

Q: What is the electrical machinery market size?

The electrical machinery market is expected to exceed USD 522.3 billion by 2031.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6190

Publication Date: Jul 2025

How big is the electrical machinery market?

According to 6Wresearch internal database and industry insights, the electrical machinery market was valued at USD 312.6 billion in 2024 and is expected to reach USD 522.3 billion by 2031, reaching at a CAGR of 7.9% during the forecast period of 2025-2031.

This expansion is proliferated by factors such as rapid industrialization, increasing automation across manufacturing sectors, and the demand for energy-efficient solutions in emerging economies.

Growth Factors of the Electrical Machinery Market

Growing electrification initiatives across developing nations boosting demand
Surge in renewable energy projects requiring transformers, switchgear, and motors
Rise in smart manufacturing and Industry 4.0 adoption
Infrastructure investments in power transmission and distribution networks
Increasing demand for high-efficiency motors and automation equipment
Government push for domestic manufacturing

Electrical Machinery Market Trends

Electrical Machinery Market is witnessing a surge in demand for energy-efficient systems, especially in HVAC, automation, and industrial motor applications. There is a growing shift toward smart grid integration, digital switchgear, and compact, modular equipment. Countries across Asia-Pacific are focusing on local manufacturing, while electric mobility trends are creating demand for precision electric drives and control systems.

Emerging Developments in the Electrical Machinery Market

Electrical Machinery Market is undergoing transformation through the integration of AI-based diagnostics in electric drives and smart sensors in control panels. There is also rising demand for brushless motors, compact transformers, and IoT-enabled electrical components in both industrial and consumer applications. Strategic government-led capex in railways, metros, and data center infrastructure is further augmenting growth.