North America Electric Motors Market Size, Share, Industry Report...

North America Electric Motors Market Size, Share, Industry Report 2034

Posted 2025-03-24 12:45:22

North America Electric Motors Market Outlook

The North America electric motors market size reached a value of approximately USD 32.18 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.30% from 2025 to 2034, reaching nearly USD 53.93 billion by 2034. The increasing demand for energy-efficient motors, advancements in electric vehicle (EV) technology, and rapid industrial automation are driving market growth.

The expansion of electric mobility, coupled with government initiatives promoting sustainable energy solutions, is accelerating the adoption of electric motors across multiple industries. Additionally, the rising demand for electric motors in HVAC (heating, ventilation, and air conditioning) systems, household appliances, and renewable energy applications is further contributing to the market’s growth. The integration of smart technologies, such as IoT-enabled electric motors and AI-based predictive maintenance solutions, is reshaping the industry, enhancing efficiency, and reducing operational costs.

North America Electric Motors Market Trends

The increasing adoption of high-efficiency electric motors (HEMs) is a key trend in the industry. Governments and regulatory bodies across North America are imposing stringent energy efficiency standards to reduce carbon footprints, encouraging industries to shift toward energy-saving electric motors. Motors with advanced designs, such as permanent magnet synchronous motors (PMSM) and brushless DC motors (BLDC), are gaining traction due to their enhanced efficiency and lower maintenance requirements.

The growing electric vehicle (EV) market is significantly influencing the demand for electric motors. Automakers are investing in innovative motor technologies to improve vehicle performance, energy efficiency, and battery life. The expansion of EV charging infrastructure and the increasing adoption of hybrid electric vehicles (HEVs) are further fueling the market.

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Industry 4.0 and automation are driving the demand for advanced electric motors. Manufacturing facilities, logistics centers, and commercial buildings are integrating smart motor systems to optimize operations, reduce energy consumption, and enhance productivity. The use of sensor-equipped motors in predictive maintenance is becoming widespread, helping businesses improve reliability and minimize downtime.

The increasing use of electric motors in renewable energy applications is another major trend. Wind turbines, hydroelectric power plants, and solar tracking systems rely on electric motors for efficient energy conversion and grid stability. The transition toward cleaner energy sources is expected to drive further investments in motor technologies.

The rise of compact and lightweight electric motors is reshaping various industries, including aerospace, robotics, and medical devices. Miniature motors with high power-to-weight ratios are being used in drones, robotic arms, surgical equipment, and portable electronic devices, reflecting a shift toward miniaturization and higher performance capabilities.

North America Electric Motors Market Growth

The expansion of industrial automation and smart manufacturing is one of the key drivers of the electric motors market. The adoption of robotic systems, conveyor belts, and automated machinery in industries such as automotive, food processing, and electronics is increasing the demand for high-performance motors. As factories move toward digital transformation, the integration of AI-powered electric motors is becoming a standard practice to enhance operational efficiency.

The rise in residential and commercial applications of electric motors is further boosting market growth. The growing use of HVAC systems, smart home appliances, and water pumps in urban households is contributing to the increasing demand for compact and energy-efficient motors. Additionally, electric motors are widely used in elevators, escalators, and ventilation systems in commercial buildings, reinforcing their significance in the real estate sector.

The growth of electric transportation systems, including electric trains, buses, and two-wheelers, is propelling the demand for advanced traction motors. Public transit agencies and private companies are investing in electric fleets to reduce carbon emissions and operational costs. The rising adoption of electric ships, drones, and automated guided vehicles (AGVs) in logistics and supply chain operations is also contributing to market expansion.

The agriculture sector’s increasing reliance on electric motors is another factor driving growth. The demand for irrigation pumps, electric tractors, and automated farming equipment is surging due to the need for higher agricultural productivity and reduced reliance on fossil fuels. Electric motors are being used in grain elevators, milking machines, and ventilation systems in livestock farms, improving efficiency and sustainability in agricultural operations.

Market Segmentation

Breakup by Type:

AC Motors: Widely used in industrial applications, HVAC systems, and home appliances, AC motors offer efficient power conversion and longer operational life.
DC Motors: Preferred for applications requiring precise speed control and high starting torque, such as electric vehicles, robotics, and medical equipment.

Breakup by Voltage:

Less Than 1 kV: Includes low-voltage electric motors used in household appliances, small industrial machinery, and HVAC systems.
Between 1kV-6kV: Covers medium-voltage motors used in commercial buildings, transportation systems, and power generation applications.
Higher Than 6 kV: Encompasses high-voltage motors designed for heavy industrial applications, such as mining, oil and gas, and large-scale manufacturing plants.

Breakup by Power Output:

Up to 1 HP: Includes small electric motors used in household appliances, office equipment, and small industrial tools.
More Than 1 HP: Comprises powerful motors used in electric vehicles, industrial machinery, and large-scale commercial applications.

Breakup by Application:

Residential: Encompasses motors used in home appliances, HVAC systems, and automation technologies, contributing to enhanced energy efficiency and convenience.
Commercial: Includes electric motors used in office buildings, shopping malls, hospitals, and data centers for ventilation, elevators, and refrigeration systems.
Industrial: Covers motors deployed in manufacturing plants, mining operations, and heavy machinery, where high durability and efficiency are critical.
Transportation: Includes electric motors used in electric vehicles, trains, ships, and drones, supporting the transition toward sustainable mobility solutions.
Agriculture: Encompasses motors used in irrigation pumps, dairy processing equipment, and automated farming machinery, increasing agricultural productivity.

Breakup by Region:

United States of America: The dominant market, driven by high industrial automation, strong EV adoption, and advanced manufacturing capabilities.
Canada: Witnessing steady growth due to increasing investments in renewable energy, infrastructure development, and electric vehicle adoption.

Market Key Players

ABB Ltd.: A global leader in electric motors, offering energy-efficient solutions for industrial automation, power generation, and transportation.
Robert Bosch GmbH: A key player in automotive electric motors, providing high-performance motor solutions for electric vehicles and hybrid powertrains.
Hitachi Ltd.: Specializes in advanced industrial motors, contributing to the growth of automation and smart manufacturing systems.
Johnson Electric Holdings Limited: Focuses on innovative micro motors and motion systems used in automotive, medical, and home appliance industries.
AMETEK, Inc.: A major supplier of electric motors for aerospace, defense, and precision control applications, enhancing operational efficiency.
Siemens AG: A leading provider of high-efficiency electric motors and automation technologies for various industrial sectors.
Toshiba International Corporation: Offers advanced motor solutions for power generation, heavy machinery, and industrial automation.
TECO-Westinghouse Motor Company: Known for its energy-efficient and high-performance motors used in industrial, commercial, and transportation applications.
Maxon International Ltd.: A specialist in high-precision electric motors for robotics, medical devices, and aerospace applications.
Warfield Electric Company: Provides customized electric motor solutions for specialized applications in mining, construction, and automotive industries.
Others: Includes emerging and regional players contributing to technological advancements and market diversification.