2024 Industrial Electric Motors Market Regional Research Information

Industrial electric motors are the core driving force of industrial automation and production equipment, and are widely used in various fields such as manufacturing, energy, and chemical industries.


The main types of industrial electric motors include alternating current motors (AC motors) and direct current motors (DC motors), which are suitable for different industrial application scenarios. The main function of industrial electric motors is to convert electrical energy into mechanical energy to drive various mechanical equipment.


Several internationally recognized brands hold a major market share in the industrial electric motors market, including ABB, Siemens, General Electric (GE), Schneider Electric, and Rockwell Automation.


According to the global market research report 2023, ABB holds around 20% of the global market, Siemens accounts for 18%, and General Electric and Schneider Electric account for 15% and 12%, respectively. These companies are leaders in the industry due to their technological advantages and brand influence.


Industrial motor technology continues to advance, from traditional fixed-rate motors to today's variable-speed motors and energy-efficient motors. In recent years, many companies have devoted themselves to developing new motors with high efficiency and low energy consumption. For example, ABB has introduced the high-efficiency IE5 motor, which significantly reduces energy consumption while increasing operating efficiency. In addition, Siemens has developed Simotics SD Next Generation motors, which enable more efficient operation and remote monitoring by integrating digital technology.


Demand in the industrial electric motor market is driven by a number of factors, including rising levels of industrial automation globally, the push for energy-saving and emission reduction policies, and the need to modernize industrial equipment. According to the report, the global industrial electric motor market is expected to maintain a CAGR of 7% over the next five years. Especially in the Asia-Pacific region, the rapid development of the manufacturing industry and the accelerated process of industrial automation have driven the rapid growth in the demand for industrial electric motors.


The Asia-Pacific region is a major production base for industrial electric motors, with strong production capacity in countries such as China, India and Japan. China, as the world's largest producer of industrial electric motors, has a market share of over 35%. Chinese companies, such as Shanghai Electric and Wolong Electric, perform well in both domestic and overseas markets, and have strong production and R&D capabilities.


North America and Europe are the main consumer markets for industrial electric motors. These regions have well-developed industrial infrastructures and high levels of automation, and users have a strong demand for high-efficiency and energy-saving equipment. In the North American market, the penetration rate of energy-efficient electric motors has exceeded 70%, of which the U.S. market occupies a major share. In Europe, Germany, France and the United Kingdom are the major consuming countries. These countries have a fast process of industrial automation, and the demand for energy-efficient electric motors continues to grow.


Expert Opinion


According to Dr. Wang, an expert in industrial equipment, “The rapid growth of the industrial electric motor market is mainly benefited from the improvement of global industrial automation level and the promotion of energy-saving and emission reduction policies. In the future, the industrial motor market will further expand with the development of energy-efficient motor technology, providing industrial enterprises with more efficient and energy-saving solutions.”