Global electric motor and generator Market
Transport

Electric Motor And Generator Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities

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How Will the Growth Rate of the Electric Motor And Generator Market Shape Industry Trends by 2034?

The electric motor and generator market has grown steadily in recent years. It is expected to rise from $131.75 billion in 2024 to $137.81 billion in 2025, at a CAGR of 4.6%. The historical growth factors include strong economic growth in emerging markets, rising demand for household appliances, expansion of the industrial sector, and higher disposable incomes.

The electric motor and generator market is expected to grow steadily, reaching $159.83 billion by 2029, at a CAGR of 3.8%. Growth factors include increasing demand for electric vehicles, energy needs, infrastructure development, and urbanization. Key trends include high-power density electric motors, sustainable generators, hybrid power generators, IoT integration, smart technology, and strategic partnerships.

How Are the key drivers expanding the growth of the electric motor and generator Market?

The rising use of household appliances is expected to contribute to the growth of the motor and generator manufacturing market in the forecast period. Increasing electrification, higher disposable income, and rapid urbanization, among other factors, are boosting the demand for household appliances, which in turn drives the market for motors. For instance, the global household appliance manufacturing market is projected to reach $396.8 billion in 2022, growing at a CAGR of 8.7%. This growing demand for motor-powered household appliances will further drive the motor and generator market.

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Who Are the Key Market Players Influencing the Growth of the Electric Motor And Generator Industry?

Major companies operating in the electric motor and generator market include:

• Caterpillar Inc_x000D_

• Nidec Corporation_x000D_

• Siemens AG_x000D_

• ABB Ltd_x000D_

• General Electric Company_x000D_

What Key Market Trends Are Shaping the Future of the Electric Motor And Generator Industry?

Portable generator demand is rising as they offer reliable power in various applications. These generators operate on gas or diesel engines to provide electricity when needed, offering portability and ease of use.

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What Are the Strategic Segments Comprising the Electric Motor And Generator Market and Their Growth Contributions?

The electric motor and generator market covered in this report is segmented –

1) By Type: Electric Motors, Electric Generators

2) By Application: Industrial Machinery, Automobile (Motor Vehicle), HVAC (Heating, Ventilation, And Air Conditioning), Other Applications

3) By End User: Industrial, Residential, Commercial

Subsegments:

1) By Electric Motors: AC Motors, DC Motors, Stepper Motors, Servo Motors

2) By Electric Generators: Alternators, Inverter Generators, Portable Generators, Standby Generators

Which Regions Are Emerging as Leaders in the Electric Motor And Generator Market?

Asia-Pacific was the largest region in the electric motor and generator market in 2024. The regions covered in the electric motor and generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Defining Features of the Electric Motor And Generator Market?

Machines that transform electrical energy into mechanical energy are known as electric motors. An electric generator is a device that transforms mechanical energy into electrical energy.

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