Code: MTA6768 | Publication Date: Jul 2025 |
This growth is underpinned by increasing deployment of electric motors across industries including automotive, HVAC, manufacturing, and renewable energy. The shift towards electrification, stringent emission norms, and growing use of energy-efficient motors are key growth drivers.
Below is a comprehensive list of the leading market players driving growth in this sector -
Company Name | ABB Ltd. |
Headquarter | Zurich, Switzerland |
Establishment Year | 1988 |
Official Website | Click Here |
ABB is a leading technology company providing electric motors for a broad array of applications.
Company Name | WEG S.A. |
Headquarter | Jaraguá do Sul, Brazil |
Establishment Year | 1961 |
Official Website | Click Here |
WEG is a global manufacturer of electric motors and automation systems, serving industrial, commercial, and energy sectors with a strong focus on innovation and sustainability.
Company Name | Nidec Corporation |
Headquarter | Kyoto, Japan |
Establishment Year | 1973 |
Official Website | Click Here |
Nidec is renowned for its precision motors and motor-related components, catering to industries ranging from home appliances to automotive and robotics.
Company Name | Siemens AG |
Headquarter | Munich, Germany |
Establishment Year | 1847 |
Official Website | Click Here |
Siemens is a global industrial powerhouse offering a wide range of electric motors and drive systems across industrial automation and energy sectors.
Company Name | Regal Rexnord Corporation |
Headquarter | Wisconsin, United States |
Establishment Year | 1955 |
Official Website | Click Here |
Regal Rexnord manufactures high-efficiency electric motors and mechanical power transmission components for global industrial and commercial markets.
Company Name | Toshiba Corporation |
Headquarter | Tokyo, Japan |
Establishment Year | 1875 |
Official Website | Click Here |
Toshiba is a multinational corporation with a strong portfolio in electric motors.
Company Name | Baldor Electric Company |
Headquarter | Arkansas, United States |
Establishment Year | 1920 |
Official Website | Click Here |
Baldor specializes in high-performance motors and drives, widely used across agriculture and manufacturing applications.
Company Name | Johnson Electric Holdings |
Headquarter | Hong Kong |
Establishment Year | 1959 |
Official Website | Click Here |
Johnson Electric is a global leader in motion systems, offering electric motors for automotive and industrial applications.
Company Name | Hyundai Electric & Energy Systems |
Headquarter | Ulsan, South Korea |
Establishment Year | 2017 |
Official Website | Click Here |
Hyundai Electric delivers high-performance electric motors and systems used in shipping and smart energy networks.
Company Name | TECO Electric & Machinery Co., Ltd. |
Headquarter | Taipei, Taiwan |
Establishment Year | 1956 |
Official Website | Click Here |
TECO is known for its energy-efficient electric motors and drives, serving industrial and renewable energy sectors.
Company Name | Mitsubishi Electric Corporation |
Headquarter | Tokyo, Japan |
Establishment Year | 1921 |
Official Website | Click Here |
Mitsubishi Electric offers a wide range of motors and automation solutions for building systems and manufacturing industries.
Company Name | Hyosung Heavy Industries |
Headquarter | Seoul, South Korea |
Establishment Year | 1962 |
Official Website | Click Here |
Hyosung provides industrial motors and power systems, recognized for their reliability in oil & gas and utility sectors.
Company Name | Rockwell Automation, Inc. |
Headquarter | Milwaukee, United States |
Establishment Year | 1903 |
Official Website | Click Here |
Rockwell Automation designs smart motor control systems and integrated solutions for digitally enabled manufacturing and industrial operations.
Company Name | Schneider Electric |
Headquarter | Rueil-Malmaison, France |
Establishment Year | 1836 |
Official Website | Click Here |
Schneider Electric offers energy management and automation solutions, including electric motors tailored for energy-efficient building.
Company Name | Kirloskar Electric Company Limited |
Headquarter | Bangalore, India |
Establishment Year | 1946 |
Official Website | Click Here |
Kirloskar Electric is a leading Indian manufacturer providing alternators and customized drive systems for various heavy-duty applications.