Electric motors power critical systems—from HVAC and automotive (EVs and hybrids) to industrial automation and pumps and fans. As 2023 to 2030 growth unfolds, demand patterns differ by application and by region. We break down production and sales volumes, plus how Asia-Pacific’s rapid expansion compares with North America and Europe’s policy- and EV-driven momentum.
Key Takeaways
- HVAC applications consumed 35% of global electric motors in 2023, totaling 735 million units.
- Automotive sector used 22% of electric motors, 462 million units in 2023 for EVs and hybrids.
- Industrial automation applications accounted for 28% market share, 588 million units in 2023.
- The global electric motors market is expected to grow from USD 171.49 billion in 2023 to USD 261.13 billion by 2030 at a CAGR of 6.2%.
- Asia-Pacific electric motors market projected to grow at CAGR 7.1% from 2024-2030, reaching USD 120 billion by 2030.
- North America electric motors market anticipated CAGR of 5.8% from 2023-2032, driven by EV adoption.
- The global electric motors market size was valued at USD 171.49 billion in 2023 and is projected to reach USD 261.13 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030, driven primarily by increasing demand in electric vehicles and industrial automation.
- In 2022, the electric motor market in North America accounted for 28% of the global revenue share, valued at approximately USD 42.5 billion, fueled by advancements in HVAC systems and renewable energy integration.
- Asia-Pacific dominated the electric motors market with a 42.3% revenue share in 2023, equating to USD 72.5 billion, due to rapid industrialization in China and India.
- Global production of electric motors reached 2.1 billion units in 2022, with China producing 1.4 billion units.
- Annual sales of industrial electric motors worldwide hit 450 million units in 2023, valued at USD 94 billion.
- EV electric motors production surged to 15.2 million units in 2023 globally.
- Asia-Pacific holds 42% of global electric motors market share in 2023.
- North America represented 28% global revenue share for electric motors in 2023.
- Europe accounted for 22% of the market in 2023, driven by Germany and Italy.
In 2023 electric motors surged across HVAC, industrial automation, and EVs as the market grows steadily to 2030.
Related reading
01 · Category
Applications And Segments16 stats
01
HVAC applications consumed 35% of global electric motors in 2023, totaling 735 million units.
02
Automotive sector used 22% of electric motors, 462 million units in 2023 for EVs and hybrids.
03
Industrial automation applications accounted for 28% market share, 588 million units in 2023.
04
Pumps and fans segment utilized 15% of production, 315 million motors in 2023.
05
Robotics end-use consumed 8% of servo motors, valued at USD 10.2 billion in 2023.
06
Household appliances used 12% fractional HP motors, 542 million units in 2023.
07
Oil & gas sector deployed 5% of motors, USD 8.6 billion worth in 2023.
08
Renewable energy applications like wind turbines used 4% high-power motors in 2023.
09
Medical devices segment for stepper motors 3% share, USD 1.5 billion in 2023.
10
Aerospace applications consumed 1.2% specialized motors, USD 2.1 billion 2023.
11
Water & wastewater treatment used 6% submersible motors in 2023.
12
Food & beverage processing 4.5% share of IE4 motors, 94 million units 2023.
13
Mining equipment motors 3.8%, rugged designs USD 3.2 billion 2023.
14
CNC machines used 85% stepper and servo motors in 2023 production.
15
Drones BLDC motors 95% adoption rate in 2023 commercial models.
16
High-speed rail linear motors 100% in maglev systems operational 2023.
Interpretation
Applications And Segments Interpretation
For the Applications And Segments view of the electric motors industry, HVAC leads with 35% of global demand and 735 million units in 2023, while industrial automation follows closely at 28% with 588 million, showing how major end uses are concentrated in a few high-volume markets.
02 · Category
Growth And Forecasts17 stats
01
The global electric motors market is expected to grow from USD 171.49 billion in 2023 to USD 261.13 billion by 2030 at a CAGR of 6.2%.
02
Asia-Pacific electric motors market projected to grow at CAGR 7.1% from 2024-2030, reaching USD 120 billion by 2030.
03
North America electric motors market anticipated CAGR of 5.8% from 2023-2032, driven by EV adoption.
04
Europe’s market to expand at 5.5% CAGR to 2030, supported by EU Green Deal policies.
05
Industrial segment forecast CAGR 6.5% globally from 2024-2030, due to Industry 4.0.
06
EV motors sub-market expected CAGR 12.3% to reach USD 85 billion by 2030.
07
Brushless DC motors forecast CAGR 9.2% from 2023-2030, to USD 38.5 billion.
08
Servo motors market projected CAGR 8.7% to USD 25.4 billion by 2030.
09
Premium efficiency motors CAGR 7.4% forecast to 2032, reaching USD 110 billion.
10
Fractional HP motors expected CAGR 5.9% globally to USD 72 billion by 2030.
11
China’s electric motors market CAGR 8.2% to CNY 850 billion by 2030.
12
U.S. market forecast CAGR 6.1% to USD 48 billion by 2030.
13
India electric motors CAGR 10.5% to INR 350 billion by FY2030.
14
Japan’s forecast CAGR 4.8% to JPY 3.2 trillion by 2030.
15
Brazil CAGR 7.2% to BRL 28 billion by 2030.
16
AC motors CAGR 6.0% to USD 170 billion by 2030.
17
DC motors CAGR 7.1% forecast to USD 115 billion by 2030.
Interpretation
Growth And Forecasts Interpretation
The electric motors industry is set for strong growth, rising from USD 171.49 billion in 2023 to USD 261.13 billion by 2030 at a 6.2% CAGR, with especially rapid momentum in EV motors growing at 12.3% to reach USD 85 billion by 2030, underscoring the Growth And Forecasts outlook driven by electrification and regional expansion.
03 · Category
Market Size21 stats
01
The global electric motors market size was valued at USD 171.49 billion in 2023 and is projected to reach USD 261.13 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030, driven primarily by increasing demand in electric vehicles and industrial automation.
02
In 2022, the electric motor market in North America accounted for 28% of the global revenue share, valued at approximately USD 42.5 billion, fueled by advancements in HVAC systems and renewable energy integration.
03
Asia-Pacific dominated the electric motors market with a 42.3% revenue share in 2023, equating to USD 72.5 billion, due to rapid industrialization in China and India.
04
The industrial electric motors segment held 55% of the global market in 2023, valued at USD 94.3 billion, driven by automation in manufacturing sectors.
05
Europe's electric motors market was worth EUR 35.2 billion (USD 38.1 billion) in 2022, supported by stringent energy efficiency regulations like IE4 and IE5 standards.
06
The fractional horsepower electric motors market reached USD 45.2 billion globally in 2023, primarily used in consumer appliances and automotive accessories.
07
In 2023, the servo motor segment within electric motors market was valued at USD 12.8 billion, growing due to precision control needs in robotics.
08
The global brushless DC motors market size stood at USD 18.4 billion in 2022, with applications in drones and EVs contributing significantly.
09
U.S. electric motors market revenue hit USD 28.7 billion in 2023, boosted by EV production ramp-up by Tesla and GM.
10
China's electric motors market was valued at CNY 450 billion (USD 62.5 billion) in 2023, leading due to dominance in manufacturing.
11
The premium efficiency electric motors market reached USD 55.6 billion in 2023 globally, compliant with NEMA and IEC standards.
12
India’s electric motors market size was INR 120 billion (USD 1.44 billion) in FY2023, growing with Make in India initiatives.
13
Japan’s electric motors market valued at JPY 2.1 trillion (USD 14.2 billion) in 2023, strong in automotive and robotics sectors.
14
Brazil electric motors market stood at BRL 15.2 billion (USD 3.1 billion) in 2023, driven by agribusiness machinery.
15
South Korea’s market for electric motors reached KRW 18.5 trillion (USD 13.8 billion) in 2023, fueled by Hyundai and LG electronics.
16
The AC motors segment dominated with USD 105.3 billion in 2023, holding 61% market share due to widespread industrial use.
17
DC motors market size was USD 66.2 billion in 2023 globally, with growth in battery-powered applications.
18
Linear motors market valued at USD 2.8 billion in 2023, used in high-speed rail and semiconductors.
19
Stepper motors segment reached USD 5.1 billion in 2023, essential for CNC machines and medical devices.
20
Hysteresis motors market size was USD 0.9 billion in 2023, niche in timing devices and fans.
21
Reluctance motors market stood at USD 1.2 billion in 2023, gaining traction in EVs for cost efficiency.
Interpretation
Market Size Interpretation
For the market size angle, the global electric motors market is set to rise from USD 171.49 billion in 2023 to USD 261.13 billion by 2030, with Asia-Pacific leading at USD 72.5 billion in 2023 and industrial motors making up USD 94.3 billion of that total.
More related reading
04 · Category
Production And Sales18 stats
01
Global production of electric motors reached 2.1 billion units in 2022, with China producing 1.4 billion units.
02
Annual sales of industrial electric motors worldwide hit 450 million units in 2023, valued at USD 94 billion.
03
EV electric motors production surged to 15.2 million units in 2023 globally.
04
ABB produced 12 million electric motors in 2022 across its global facilities.
05
Siemens manufactured 8.5 million units of low-voltage motors in 2023.
06
Nidec Corporation's annual output of brushless motors exceeded 500 million units in FY2023.
07
Global sales revenue for AC induction motors was USD 85 billion in 2023.
08
U.S. production of fractional HP motors totaled 120 million units in 2022.
09
China exported 850 million electric motors valued at USD 45 billion in 2023.
10
Europe produced 320 million servo and stepper motors combined in 2023.
11
Regal Rexnord sold 4.2 million industrial motors in North America in 2023.
12
India's production capacity for electric motors reached 50 million units annually in 2023.
13
Japan exported JPY 800 billion worth of precision motors in 2023.
14
Brazil's domestic production of agribusiness motors was 8 million units in 2023.
15
Global stepper motor sales volume 45 million units in 2023.
16
Linear motor production worldwide 2.5 million units for semiconductors in 2023.
17
Brushless DC motor sales hit 280 million units in consumer electronics 2023.
18
Premium efficiency motor production 180 million units globally in 2023.
Interpretation
Production And Sales Interpretation
In the Production and Sales landscape, electric motor output is surging worldwide as global motor production reached 2.1 billion units in 2022 and EV motor production climbed to 15.2 million units in 2023, while industrial motor sales hit 450 million units worth USD 94 billion in 2023.
05 · Category
Regional Distribution15 stats
01
Asia-Pacific holds 42% of global electric motors market share in 2023.
02
North America represented 28% global revenue share for electric motors in 2023.
03
Europe accounted for 22% of the market in 2023, driven by Germany and Italy.
04
China dominates with 35% of global production capacity for electric motors in 2023.
05
U.S. holds 18% of North American market, with California leading states at 25% share.
06
India captured 5.2% of Asia-Pacific market share in electric motors 2023.
07
Germany leads Europe with 32% regional share, USD 12.2 billion in 2023.
08
Japan 15% of Asia-Pacific, strong in precision motors exports.
09
Brazil 12% of Latin America electric motors market in 2023.
10
South Korea 8% global share in BLDC motors production 2023.
11
Middle East & Africa 3.1% global market share, growing in oil sector.
12
Mexico 22% of Latin America market, boosted by automotive manufacturing.
13
Australia 4.5% APAC share in mining motors 2023.
14
France 18% European share in premium efficiency motors.
15
Southeast Asia (excl. India) 10% APAC production share 2023.
Interpretation
Regional Distribution Interpretation
In the regional distribution of the electric motors industry, Asia-Pacific leads with 42% of the 2023 global market share while China drives production capacity with 35%, signaling that the center of both demand and manufacturing is firmly concentrated in Asia.
Reference
Cite This Report
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APA
James Okoro. (2026, February 13). Electric Motors Industry Statistics. Gitnux. https://gitnux.org/electric-motors-industry-statistics
MLA
James Okoro. "Electric Motors Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/electric-motors-industry-statistics.
Chicago
James Okoro. 2026. "Electric Motors Industry Statistics." Gitnux. https://gitnux.org/electric-motors-industry-statistics.
Sources & references
19 datasets cited across this report · attribution is report-level