North America Electric Motor Market (2024-2030) | Revenue, Analysis, Size, Industry, Growth, Trends, Share, Forecast, Outlook, Value & Companies

North America Electric Motor Market Highlights

Report Name	North America Electric Motor Market
Base Year	2023
Historical Period	2020-2023
Forecast Period	2024-2030
Growth Rate (CAGR)	6.9%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Motor Type, By Output Power, By Voltage Range, By Application, By Speed
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the North America Electric Motor Market

North America Electric Motor Market report thoroughly covers the market by country, motor type, voltage range, application, and speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Electric Motor Market Synopsis

North America Electric Motor Market is anticipated to gain momentum in the upcoming years on account of the long operational life of the electric motor. The growing efficiency backed by long life is leading to the development of the electric motor market. Low energy consumption and high tolerance during fluctuating voltage are the key factors driving the growth of the market. Increasing penetration towards electric vehicles backed by rising environmental issues beholds the increasing growth of the market. The government’s increasing efforts such as tax concession are also contributing to the development of the North America Electric Motor Market.

According to 6Wresearch, the North America Electric Motor Market Size was valued at USD 178.9 Bn, registering a CAGR of 6.9% and the market is projected to be worth USD 269.08 Bn during the forecast period of 2024-2030. The increasing adoption of electric vehicles is a significant driver for the North American electric Motor Market Growth. The trend towards industrial automation and the adoption of Industry 4.0 technologies drives the demand for electric motors in various manufacturing processes and applications. Moreover, the growth of renewable energy sources, such as wind and solar power, leads to increased demand for electric motors used in renewable energy generation systems. In addition, stringent energy efficiency regulations and environmental concerns drive the demand for high-efficiency electric motors, promoting the replacement of older, less efficient models. However, disruptions in the supply chain, whether due to geopolitical factors, natural disasters, or other events, can impact the availability and cost of key components for electric motors.

Additionally, the upfront cost of electric motors, especially high-efficiency models, poses a challenge for adoption, particularly in price-sensitive markets. Apart from this, the integration of smart technologies, such as sensors and connectivity features, into electric motors is a growing trend. This allows for better monitoring, predictive maintenance, and optimization of motor performance. The growing demand for electric vehicles and the expansion of charging infrastructure present significant opportunities for electric motor manufacturers. Furthermore, the need for replacing or upgrading existing electric motor systems with more energy-efficient models creates opportunities for manufacturers to offer advanced solutions.

Government policies and schemes introduced in the North America Electric Motor Market

Governments in North America have been implementing energy efficiency regulations for various appliances and industrial equipment. These regulations aim to encourage the use of energy-efficient motors to reduce overall energy consumption. There has been a push toward integrating renewable energy sources into the electricity grid. Electric motors, particularly those used in electric vehicles and renewable energy systems. Moreover, incentives and rebates for electric vehicles indirectly drive the demand for electric motors used in electric vehicles. Furthermore, environmental standards and regulations focusing on reducing emissions and promoting cleaner technologies influence the adoption of electric motors as more sustainable alternatives.

Leading players in the North America Electric Motor Market

Some of the leading players in the North America Electric Motor Industry are;

• ABB Ltd.
• Siemens AG
• Nidec Corporation
• Regal Beloit Corporation
• Baldor Electric Company (Now part of ABB Group)
• Emerson Electric Co.
• Johnson Electric Holdings Limited
• General Electric Company (GE)

Market Analysis by Voltage

According to Mayank, Senior Research Analyst, 6Wresearch, the 60V and above segment is expected to lead the North American electric Motor Market Share on account of increasing industrial development.

Market analysis by Countries

By countries, the United States is the fastest-growing country in electric motors due to the presence of large automotive industry.  

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Electric Motor Market Outlook
• Market Size of North America Electric Motor Market, 2023
• Forecast of North America Electric Motor Market, 2030
• Historical Data and Forecast of North America Electric Motor Revenues & Volume for the Period 2020 - 2030
• North America Electric Motor Market Trend Evolution
• North America Electric Motor Market Drivers and Challenges
• North America Electric Motor Price Trends
• North America Electric Motor Porter's Five Forces
• North America Electric Motor Industry Life Cycle
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Output Power for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Output Power for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Output Power for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of North America Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of United States Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• North America Electric Motor Market - Key Performance Indicators
• North America Electric Motor Market - Import Export Trade Statistics
• North America Electric Motor Market - Opportunity Assessment By Countries
• North America Electric Motor Market - Opportunity Assessment By Motor Type
• North America Electric Motor Market - Opportunity Assessment By Output Power
• North America Electric Motor Market - Opportunity Assessment By Voltage Range
• North America Electric Motor Market - Opportunity Assessment By Application
• North America Electric Motor Market - Opportunity Assessment By Speed (RPM)
• North America Electric Motor Market - Top Companies Market Share
• North America Electric Motor Market - Top Companies Profiles
• North America Electric Motor Market - Comparison of Players in Technical and Operating Parameters
• North America Electric Motor Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating, And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed (RPM)

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM)
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)

North America Electric Motor Market (2024-2030): FAQs