Industrial Motors Market Size, Share & Trends Analysis Report By Type of Motor (Alternating Current Motors, Direct Current Motors, Servo Motors, Electronically Commutated Motors, Others), By Voltage (High Voltage, Medium Voltage, Low Voltage), By Efficiency (IE1, IE2, IE3, IE4), By Phase (Single Phase, Three Phase), By Product Category (Permanent Magnet, Non-Permanent Magnet), By End User (Oil & Gas, Power Generation, Mining & Metals, Water & Wastewater Management, Chemicals & Petrochemicals, Others), By Region (North America, Europe, APAC, Middle East and Africa, LATAM), Forecasts, 2026-2034

Last Updated: October 19, 2026 | Author: Ismail Sutaria | Format:

Industrial Motors Market Size & Growth Analysis

The global industrial motors market size was valued at USD 23.04 billion in 2025 and is projected to grow from USD 24.15 billion in 2026 to USD 35.13 billion by 2034, registering a CAGR of 4.8% during the forecast period (2026–2034). Asia Pacific dominated the industrial motors market with a market share of 42.5% in 2025.

Industrial motors are machines that convert electrical energy into mechanical power to operate equipment used in manufacturing, processing, pumping, and other industrial applications. They are tracked under HSN Code (8501) (electric motors and generators electrical machinery) and SIC Code (3621) (motors and generators electrical industrial equipment).

Industrial Motors Market Key Takeaways

Global Market Size & Growth

2025 Market Size
USD 23.04 Billion
2026 Market Size
USD 24.15 Billion
2034 Projected Market Size
USD 35.13 Billion
Forecast Period
2026–2034
Base Year
2025
Market CAGR (2026–2034)
4.8%

Regional Insights

Largest Regional Market (2025)
Asia Pacific
Asia Pacific Market Share (2025)
42.5%
Fastest-growing Region
Europe
Europe CAGR (2026–2034)
8.4%

Segment Insights

By Type of Motor
Leading Segment
Alternating Current Motor (AC) Motors
Market Share in 2025 68.4%
By Voltage
Fastest-growing Segment
Medium Voltage
CAGR (2026–2034) 7.5%
By Efficiency
Leading Segment
IE3
Market Share in 2025 38.7%
By Phase
Fastest-growing Segment
Three Phase
CAGR (2026–2034) 7.6%
Industrial Motors Market Size

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Industrial Motors Market Dynamics

01

Industrial Automation Across Manufacturing Facilities and Warehousing Expansion Drive the Market

The adoption of automated production lines supports demand for industrial motors used in conveyors, robotic equipment, machine tools, and assembly systems. Manufacturing facilities rely on motor-driven machinery to maintain production speed, improve process consistency, and handle repetitive tasks. For example, automotive factories use industrial motors to operate conveyor belts and automated assembly equipment. These applications increase motor procurement across manufacturing facilities and support demand for reliable industrial motor systems.

The development of warehouses, distribution centers, and logistics facilities supports demand for industrial motors used in material-handling equipment. Conveyor systems, automated storage units, lifts, and sorting machines depend on motors to move goods efficiently across large facilities. For example, e-commerce fulfillment centers use motor-driven conveyor belts and parcel-sorting systems to process high volumes of orders. These installations create additional demand for industrial motors and encourage manufacturers to supply motors suited to continuous material-handling operations.

01

Raw Material Price Volatility and Skilled Labor Shortages Restrain Market Expansion

Fluctuations in the prices of copper, steel, aluminum, and electrical steel increase manufacturing costs for industrial motor producers. Unpredictable material expenses put pressure on profit margins and complicate pricing decisions, making it difficult for manufacturers to maintain competitive product prices and plan production efficiently.

Shortages of skilled technical personnel limit the installation, maintenance, and troubleshooting of industrial motors, particularly advanced and energy-efficient systems. Limited access to qualified technicians increases servicing costs and equipment downtime, delaying the adoption of modern motor technologies across manufacturing facilities.

01

Customized Motor Solutions and Industrial Motor Leasing Create Growth Opportunities

Industrial motor manufacturers can develop customized motors for specialized applications in mining, marine equipment, chemical processing, and heavy-duty machinery. Companies such as ABB and Siemens can generate additional revenue through application-specific designs, engineering services, and tailored motor configurations, contributing to industrial motors market growth.

Industrial equipment rental companies and motor suppliers can offer leasing services to manufacturers that require motors for temporary projects or want to avoid high upfront equipment costs. Companies such as United Rentals can benefit from equipment rental arrangements, while motor suppliers can establish recurring revenue through leasing agreements, maintenance packages, and replacement services.

Industrial Motors Market Segmentation Analysis

By Type of Motor

The alternating current motor (AC) motors segment accounted for a market share of 68.4%, reflecting its widespread use in industrial machinery, pumps, compressors, conveyor systems, and manufacturing equipment. Versatile performance across these applications reinforces its position in industrial operations.

The direct current (DC) motors segment is projected to register a CAGR of 6.4%, reflecting its continued use in applications requiring precise speed control, adjustable torque, and reliable performance in specialized industrial equipment.

Industrial Motors Market Size By Segments

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By Voltage

The low voltage segment held a market share of 45.7%, owing to its extensive use in industrial equipment, commercial machinery, heating, ventilation, and air conditioning (HVAC) systems, and material handling operations. Broad compatibility with everyday industrial equipment supports its widespread application.

The medium voltage segment is anticipated to record a CAGR of 7.5%, propelled by its suitability for heavy-duty pumps, compressors, and industrial machinery that require reliable power for continuous operation. These characteristics make the segment relevant to energy-intensive industrial facilities.

By Efficiency

The IE3 segment captured a market share of 38.7%, benefiting from its balance of energy efficiency, operating costs, and suitability for industrial applications that require continuous motor operation. This balance supports its use in facilities seeking reliable performance and manageable energy expenses.

The IE4 segment is poised to achieve a CAGR of 9.4%, as its superior energy efficiency helps industrial facilities reduce electricity consumption and long-term operating expenses. Lower energy requirements strengthen its appeal among efficiency-focused industrial operators.

By Phase

The single phase segment is expected to register a CAGR of 6.5%, reflecting its continued use in smaller machinery, commercial equipment, and applications with relatively low power requirements. These characteristics suit light-duty operations with modest electrical loads.

The three phase segment is projected to record a CAGR of 7.6%, owing to its ability to deliver consistent power and operate heavy industrial equipment across manufacturing and processing facilities. Stable power delivery supports demanding industrial workloads.

By Product Category

The permanent magnet segment is forecast to register a CAGR of 8.7%, benefiting from high power density, compact construction, and suitability for precision equipment and energy-efficient industrial applications. These features favor its adoption in space-constrained installations.

The non-permanent magnet segment is expected to achieve a CAGR of 6.9%, supported by its established use in general-purpose industrial machinery, cost-effective motor designs, and compatibility with a wide range of manufacturing equipment.

By End User

The oil and gas segment held a market share of 18.5% among the end-user categories included in the report scope, reflecting the use of industrial motors in pumping, compression, drilling, and fluid-handling operations. Continuous processing activities make dependable motor performance important across these applications.

The water and wastewater management segment is expected to achieve a CAGR of 7.8%, as water treatment infrastructure, pumping systems, and wastewater processing facilities require reliable motor-driven equipment. Infrastructure upgrades and treatment-system modernization can reinforce the use of industrial motors in this segment.

Industrial Motors Market Share By Segments

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Industrial Motors Market Regional Outlook

Asia Pacific Industrial Motors Market

The Asia Pacific industrial motors market accounted for the largest regional share of 42.5% in 2025.

Japan Industrial Motors Market

Japan’s Ministry of Economy, Trade and Industry (METI) projects that the country’s working population will decline by approximately 20% by around 2040, increasing the need for labour-saving investments in manufacturing, including automated production equipment and industrial robotics that rely on electric motors for motion and power transmission.

China Industrial Motors Market

China’s Ministry of Industry and Information Technology (MIIT) has set a target for energy-efficient motors and other energy-saving equipment to achieve internationally leading efficiency levels by 2028 under its 2026–2028 Energy-Saving Equipment Development Plan, creating a measurable policy benchmark for industrial motor efficiency upgrades and manufacturing standards

India Industrial Motors Market

India’s National Mission for Enhanced Energy Efficiency targets 41.03 million tonnes of oil equivalent (Mtoe) in annual industrial energy savings by 2030, compared with a reported 36.97 Mtoe under the current programme status; this target highlights the importance of energy-efficient industrial equipment, including high-efficiency motors and variable-frequency drives, in reducing factory energy consumption.

Asia Pacific Industrial Motors Market Revenue Share 2025

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Europe Industrial Motors Market Analysis

Europe industrial motors market is expected to grow at a CAGR of 8.4% from 2026 to 2034, showcasing the fastest-growing regional market.

United Kingdom Industrial Motors Market Insights

The United Kingdom’s Modern Industrial Strategy is a 10-year programme supporting advanced manufacturing and industrial technology, with the government reporting more than GBP 380 billion in private-sector investment attracted across targeted high-growth sectors during its first year of delivery; this provides a forward-looking indicator of the scale of industrial investment relevant to demand for motors used in manufacturing machinery and automation systems.

Germany Industrial Motors Market Insights

The European Commission plans to adopt revised ecodesign requirements for electric motors and variable-speed drives in 2029, with the review examining technological progress and the potential inclusion of material efficiency and circular-economy considerations; these changes could influence motor design, manufacturing specifications, and product compliance requirements for Germany’s industrial motors market.

North America Industrial Motors Market

The North America  industrial motors market is expected to grow at a CAGR of 6.8% during the forecast period.

U.S. Industrial Motors Market Insights

The U.S. Department of Energy (DOE) expects updated electric motor efficiency standards taking effect in 2027 to save businesses up to USD 8.8 billion in utility costs over 30 years and reduce carbon dioxide emissions by 91.7 million metric tonnes; these projected savings provide a measurable indicator of the long-term shift toward higher-efficiency industrial motors.

Canada Industrial Motors Market Insights

Canada’s draft Amendment 19 to the Energy Efficiency Regulations, published in June 2026, sets updated efficiency requirements for specified electric motors manufactured from June 1, 2027, including defined full-load efficiency thresholds by motor power and pole count; these requirements will influence product specifications and regulatory compliance for industrial motor manufacturers, importers, and distributors.

Competitive Landscape 

The industrial motors market competitive landscape is moderately consolidated, with a mix of electrical equipment manufacturers, industrial automation companies, and specialized motor producers. Key players such as Siemens AG, ABB Ltd., and Nidec Corporation are estimated to account for approximately 25–30% of the industrial motors market share.

Established players compete primarily on energy efficiency, product reliability, and technological capabilities. Emerging and specialized players in the industrial motors market ecosystem compete through customized motor designs, application-specific solutions, and cost-effective manufacturing.

List of Key and Emerging Players in Industrial Motors Market

General Electric Company (U.S.)
ABB Ltd. (Switzerland)
Allen-Bradley Company, LLC (U.S.)
Siemens AG (Germany)
AMETEK, Inc. (U.S.)
ARC Systems, Inc. (U.S.)
Johnson Electric Holdings Limited (Hong Kong)
Emerson Electric Co. (U.S.)
Toshiba International Corporation (Japan)
Nidec Corporation (Japan)
maxon motor ag (Switzerland)
Franklin Electric Co., Inc. (U.S.)
Fuji Electric Co., Ltd. (Japan)
ATB Austria Antriebstechnik AG (Austria)
MENZEL Elektromotoren GmbH (Germany)

Key Industry Developments

June 2026
ABB unveiled its next-generation Severe Duty Motor platform at EASA 2026, expanding its industrial motor portfolio with improved reliability and energy efficiency for demanding industrial applications.
June 2026
Siemens Limited completed the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Pvt. Ltd., streamlining its industrial motors portfolio.
December 2025
Siemens Limited approved the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Pvt. Ltd. for INR 2,200 crore, subject to regulatory approvals.

Report Scope

Segmentation

By Type of Motor 3
  • Alternating Current Motor (AC) Motors
  • Direct Current (DC) Motors
  • Other Types of Motors (Servo and Electronically Commutated Motors (EC))
By Voltage 3
  • High Voltage
  • Medium Voltage
  • Low Voltage
By Efficiency 4
  • IE1
  • IE2
  • IE3
  • IE4
By Phase 2
  • Single Phase
  • Three Phase
By Product Category 2
  • Permanent Magnet
  • Non-Permanent Magnet
By End-User 7
  • Oil and Gas
  • Power Generation
  • Mining and Metals
  • Water and Wastewater Management
  • Chemicals and Petrochemicals
  • Discrete Manufacturing
  • Others

Geographies Covered

North America 2
  • U.S.
  • Canada
Europe 8
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Nordic
  • Benelux
APAC 7
  • China
  • Korea
  • Japan
  • India
  • Australia
  • Taiwan
  • South East Asia
Middle East and Africa 6
  • UAE
  • Turkey
  • Saudi Arabia
  • South Africa
  • Egypt
  • Nigeria
LATAM 5
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
Competitive Coverage General Electric Company (U.S.) · ABB Ltd. (Switzerland) · Allen-Bradley Company, LLC (U.S.) · Siemens AG (Germany) · AMETEK, Inc. (U.S.)
Research Deliverables Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

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Frequently Asked Questions (FAQs)

The industrial motors market size is valued at USD 24.15 Billion in 2026 and is projected to reach USD 35.13 Billion by 2034, at a CAGR of 4.8% during the forecast period 2026-2034.
Asia Pacific dominated the market with a share of 42.5% in 2025.
The leading manufacturers in this market are General Electric Company, ABB Ltd., Allen - Bradly Co. LLC, Siemens AG, Ametek Inc..
The industrial motors market is projected to grow at a CAGR of 4.8% during the forecast period of 2026 2034.
About the Author
Ismail Sutaria
Ismail Sutaria
Research Head

Ismail Sutaria is Research Head at Straits Research with over 12 years of experience in market intelligence, industry research, and strategic advisory across chemicals, materials, packaging, industrial machinery, and energy markets. He specializes in market sizing and forecasting, competitive intelligence, value chain analysis, demand assessment, and commercial due diligence.

Over the course of his career, Ismail has led and contributed to numerous industry studies covering specialty chemicals, advanced materials, industrial technologies, manufacturing equipment, renewable energy, and sustainable packaging. His research focuses on evaluating market trends, technology adoption, competitive dynamics, regulatory developments, and growth opportunities to support informed business and investment decisions.

His expertise includes market forecasting, industry benchmarking, supply-demand analysis, pricing assessment, and strategic market evaluation across global and regional markets.

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