For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.
How has the industrial motors grown historically, and what trends indicate future expansion?
The industrial motors market size has grown strongly in recent years. It will grow from $19.44 billion in 2024 to $20.53 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rising demand for smart factories, increasing focus on operational efficiency, a rise in mining and oil and gas activities, increasing deployment of industrial robotics, and a rise in replacement of aging motor systems.
The industrial motors market size is expected to see strong growth in the next few years. It will grow to $25.30 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the rising shift toward renewable energy, increasing smart city projects, growing need for predictive maintenance solutions, rising investments in industrial automation, and rising demand for customized motor solutions. Major trends in the forecast period include advancements in variable frequency drive technologies, advanced cooling techniques for high-performance motors, innovation in compact motor designs, integration of digital twins in motor management, and integration of wireless connectivity in industrial motors.
Download Your Free Sample PDF:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23718&type=smp
Which key factors are driving the expansion of the industrial motors industry?
The increasing industrialization is expected to propel the growth of the industrial motors market going forward. Industrialization is the process by which an economy transforms from primarily agricultural to one based on the manufacturing of goods and services. Industrialization is rising due to growing global demand for manufactured goods, which drives investment in factories and production infrastructure to meet consumption needs and economic goals. Industrial motors have a crucial role in industrialization by driving machinery and enabling automation, which increases productivity and efficiency in manufacturing processes. For instance, in December 2024, according to Trading Economics, a US-based platform that provides reliable economic data, indicators, and forecasts for markets, in October 2024, Saudi Arabia’s industrial production experienced a 5.0% year-on-year growth, building on a revised 0.4% increase in September. Therefore, increasing industrialization will drive the growth of the industrial motors market.
How is the industrial motors market segmented by product, application, and end-user?
The industrial motors market covered in this report is segmented –
1) By Product: Alternating Current Motor, Direct Current Motor
2) By Sales Channel: Direct To Original Equipment Manufacturer (OEM), Direct To End-User, Distributor To End-User, Distributor To Original Equipment Manufacturer (OEM), Direct To System Integrator, Distributor To System Integrator
3) By Application: Compressors, Pumps And Fans, Conveyors, Crushers, Extruders, Other Applications
4) By End-User: Heating, Ventilation, And Air Conditioning (HVAC), Food And Beverage, Power Generation, Warehousing, Mining And Metal Processing, Paper And Paperboard, Automotive, Oil And Gas, Packaging, Other End Users
Subsegments:
1) By Alternative Current Motor: Squirrel Cage Induction Motor, Wound Rotor Induction Motor, Synchronous AC Motor, Single-Phase AC Motor, Three-Phase AC Motor
2) By Direct Current Motor: Brushed DC Motor, Brushless DC Motor (BLDC), Permanent Magnet DC Motor, Series DC Motor, Shunt DC Motor
View The Full Market Report:
https://www.thebusinessresearchcompany.com/report/industrial-motors-global-market-report
What technological trends are expected to redefine the industrial motors market?
Major companies operating in the industrial motors market are focusing on developing innovative products with advanced technologies, including permanent magnet synchronous reluctance technology to enhance energy efficiency, reduce operational losses, and improve performance across a wide range of speeds and loads. Permanent magnet synchronous reluctance (PMSynRM) combines permanent magnets and synchronous reluctance, optimizing efficiency by reducing energy losses and improving torque density, making it suitable for high-performance, energy-efficient industrial applications. For instance, in May 2024, WEG Industries, a Brazil-based motors and generators company, launched the W23 Sync+ ULTRA motor. This innovative motor features a hybrid design that combines permanent magnet (PM), ferrite or neodymium magnets, and synchronous reluctance (SynRM) motor technologies, delivering exceptional efficiency across all speeds. The W23 Sync+ ULTRA achieves an IE6 efficiency rating, representing a 20% reduction in losses compared to IE5 motors.
Which leading companies are dominating the industrial motors market landscape?
Major companies operating in the industrial motors market are Siemens AG, Schneider Electric SE, Mitsubishi Electric Corporation, GE Vernova LLC, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Nidec Corporation, Rockwell Automation Inc., WEG S.A., Regal Rexnord Corporation, SEW-Eurodrive GmbH And Co KG, Ingeteam S.A., ZIEHL-ABEGG SE, IDEC Corporation, Franklin Electric Co. Inc., Lafert Group, Brook Crompton UK Ltd., Nanotec Electronic GmbH And Co. KG, Roboteq Inc.
Which geographic areas are expected to offer the highest growth opportunities in theindustrial motors market?
Asia-Pacific was the largest region in the industrial motors market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial motors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Industrial Motors Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
Purchase The Report And Get A Swift Delivery:
https://www.thebusinessresearchcompany.com/customise?id=23718&type=smp
Need Customized Data On Industrial Motors Market?
For companies needing more tailored intelligence, The Business Research Company offers customized consulting and data services. Whether you’re entering new regions, launching innovative products, or assessing M&A opportunities, our experts can develop actionable insights specific to your business objectives.
Request Customized Data:
https://www.thebusinessresearchcompany.com/customise?id=23718&type=smp
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
