US Electric Motor Market (2024-2030) | Growth, Share, Industry, Analysis, Value, Segmentation, Trends, Size, Revenue, Outlook

Topics Covered in the United States (US) Electric Motor Market

United States (US) Electric Motor Market report thoroughly covers the market by motor type, by voltage range, by application, and by 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.

United States (US) Electric Motor Market Synopsis

United States (US) Electric Motor Market has been growing at a significant rate owing to the benefits they offer, such as high energy efficiency, durability, and low maintenance cost. Today, electric motors have become an essential component in various industries, including automotive, food and beverage, mining, and chemical manufacturing. The rising demand for electric vehicles, increasing industrialization, and the need for efficient machinery are some of the key drivers of the United States (US) Electric Motor Market Growth.

According to 6Wresearch, the United States (US) Electric Motor Market size has been expanding with expected CAGR of 7.5% during the forecast period of 2024-2030. The rising demand for electric vehicles is one of the primary factors propelling the growth of the United States electric motor market. With the increasing concern over greenhouse gas emissions and global warming, consumers are increasingly shifting towards using eco-friendly vehicles that require electric motors. The government's incentives to promote the use of electric vehicles are also driving the market expansion. Another critical driver of the electric motor market is the increasing industrialization in the United States. Industries such as food and beverage, chemical manufacturing, and mining require efficient machinery that can handle heavy loads and operate with minimal noise pollution. Electric motors offer high energy efficiency, low maintenance cost, and high durability, making them an essential component in these industries. Apart from this, the growing trend towards automation and the Internet of Things (IoT) is creating significant opportunities in the electric motor market. With the increasing demand for industrial automation, electric motors are being integrated with smart sensors and cloud computing systems to improve machinery performance, reduce downtime, and enhance quality control. Besides, the integration of electric motors with advanced control systems and software is improving their operational efficiency, making them a cost-effective solution for industries worldwide. The United States electric motor industry also faces some challenges that restrict its growth in the coming years. The shortage of rare earth metals, which is a crucial component in electric motor production, might affect the market's growth. Additionally, the high production cost of electric motors might make them less competitive than conventional motors, particularly in the price-sensitive market.

Government policies and schemes introduced in the United States (US) Electric Motor Market

The United States (US) Electric Motor Market is one of the largest in the world. It is continuously growing and developing through the years, owing to the government's policies and schemes. These policies and schemes aim to promote the market's growth, reduce carbon emissions, and enhance energy efficiency.

Energy Policy and Conservation Act (EPCA)-  In 1975, the Energy Policy and Conservation Act (EPCA) was passed, which set new standards for energy efficiency in appliances, including electric motors. The law required manufacturers of electric motors to meet certain standards for efficiency levels, leading to the development of more energy-efficient electric motors.

Energy Independence and Security Act (EISA)- In 2007, the Energy Independence and Security Act (EISA) was enacted to promote energy security and reduce the nation's dependence on foreign oil. EISA established new standards for motors used in commercial and industrial applications, including electric motors, that must meet or exceed specific efficiency levels.

Leading players in the United States (US) Electric Motor Market

Some of the leading players in the United States (US) Electric Motor Industry include ABB Ltd, Siemens AG, and Toshiba Corporation. ABB Ltd is a Swiss multinational company that offers a wide range of electric motors for various applications, including industrial automation, robotics, and transportation. Siemens AG is a Germany-based multinational corporation that provides electric motors for a wide range of applications, including building automation, water and wastewater treatment, and renewable energy. Toshiba Corporation is a Japanese multinational conglomerate that provides electric motors for various applications, including industrial automation and railway systems.

Market Analysis by Motor Type

By Motor Type, the AC motor holds the majority of the market share owing to its high efficiency and wide application in single-phase and three-phase systems. However, the DC motors segment also has significant growth potential, mainly driven by the increasing demand for electric vehicles.

Market Analysis by Application

In terms of Application, the industrial machinery segment is forecast to dominate the United States (US) Electric Motor Market Share due to the high use of electric motors in various industries for different applications such as pumps, compressors, and conveyors. However, the motor vehicles segment is expected to grow at the highest CAGR during the forecast period, mainly due to the shift towards EVs and the use of electric motors in hybrid vehicles.

Market Analysis by Voltage Range

According to Kapil, Senior Research Analyst, at 6Wresearch, the 21-60V segment holds the largest market share due to its widespread use in industrial machinery, household appliances, and HVAC equipment. 

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

• US Electric Motor Market Outlook
• Market Size of US Electric Motor Market, 2023
• Forecast of US Electric Motor Market, 2030
• Historical Data and Forecast of US Electric Motor Revenues & Volume for the Period 2020 - 2030
• US Electric Motor Market Trend Evolution
• US Electric Motor Market Drivers and Challenges
• US Electric Motor Price Trends
• US Electric Motor Porter's Five Forces
• US Electric Motor Industry Life Cycle
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of US Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of US 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 US 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 US 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 US Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• US Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• US Electric Motor Top Companies Market Share
• US Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• US Electric Motor Company Profiles
• US Electric Motor Key Strategic Recommendations

Market Covered

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

By Motor Type

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

US Electric Motor Market (2024-2030): FAQs