Motor Drive Market Size | Industry Trends & Forecast 2025

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Code: MTA10170

Publication Date: Oct 2025

What is the size of Motor Drive Market?

According to 6Wresearch internal database and industry insights, the Motor Drive Market was valued at USD 22.4 Billion in 2024 and is expected to reach USD 41.6 Billion by 2031, growing at a CAGR of 9.3% during 2025-2031.

The primary factors driving this expansion are the developing market for energy efficient solutions in general, the heightened automation in industries around the world, and many more electric vehicles (EV’s) on the road - many with electrified drivetrains that have become largely dependent on motor drive systems to ensure performance effectiveness.

Growth Factors for Motor Drive Industry

Growing adoption of electric vehicles (EVs) is driving the need for efficient motor drive systems.
The rise in industrial automation and robotics is demanding innovative motor control systems.
Growing demand surrounding energy energy-efficient solutions to reduce operational costs and carbon footprint.
Increase in demand for HVAC systems and pumps across residential and commercial settings.
Surge in industrial automation and robotics necessitates advanced motor control solutions.

Motor Drive Market Trends

The Motor Drive Market is currently experiencing a growing trend mining the integration of Internet of Things and Artificial Intelligence technologies for predictive maintenance, monitoring, and system control of motor systems. There is also a trend to adopt and implement energy efficient variable frequency drives (VFD’s) in industrial settings to enhance the savings afforded by less energy consumption for motoring systems. The growth of the renewable energy market segment and smart grid technologies continues to demand and integrate motor drives for energy distribution automations systems.

Emerging Developments in the Motor Drive Market

The Motor Drive Market is experiencing several developments, including the rise of advanced motor control technologies that enable higher efficiency and precise control for applications like robotics and EVs. Manufacturers are focusing on the development of compact, lightweight motor drives to suit emerging applications in consumer electronics and electric transportation. Additionally, there is a growing trend of integrating motor drives with energy storage systems and renewable energy solutions to support sustainable energy usage.