US Electric Motor Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 24.35 Billion |
| Market Size (2030) | USD 31.78 Billion |
| CAGR (2025 - 2030) | 5.47% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Electric Motor Market Analysis
The US Electric Motor Market size is estimated at USD 24.35 billion in 2025, and is expected to reach USD 31.78 billion by 2030, at a CAGR of 5.47% during the forecast period (2025-2030).
- As industries and consumers increasingly prioritize energy efficiency and sustainability, the demand for electric motors known for their superior efficiency over traditional combustion engines has surged. This trend is especially pronounced in sectors like HVAC systems, industrial machinery, and electric vehicles (EVs). Furthermore, the burgeoning electric vehicle market plays a pivotal role in driving this demand. With passenger vehicles and commercial electric trucks at the forefront, the need for specialized electric motors is not only fueling innovation but also expanding the market's size.
- Electric motors play a crucial role in everyday household appliances, from refrigerators and washing machines to air conditioners and vacuum cleaners. As consumer demand for these appliances rises, so does the electric motor market. Moreover, sectors like manufacturing and logistics are embracing automation and robotics, both of which hinge on precise, energy-efficient electric motors. This shift, driven by a quest for heightened productivity and lower operational costs, sees businesses increasingly investing in electric motor-powered solutions.
- Companies in the United States are emphasizing product innovation and sustainability, aiming to enhance the efficiency of electric motors across various applications. For example, in May 2024, ABB Ltd., a Swiss company with significant U.S. operations, unveiled an energy-efficient motor and inverter package tailored for electric buses.
- Electric motors depend on materials like copper, rare earth metals (notably neodymium for magnets), and steel. Supply chain disruptions be it from geopolitical tensions or natural disasters can sway the availability and pricing of these essential materials. A significant portion of rare earth materials and components is imported, making the U.S. supply chain susceptible. This heavy reliance on imports not only raises concerns about price fluctuations but also poses national security implications.
US Electric Motor Market Trends
AC Motor Segment is Estimated to Have the Largest Market Share
- AC motors, especially those equipped with variable frequency drives (VFDs), outshine traditional DC motors in efficiency. This heightened efficiency translates to reduced energy consumption, a boon for industries keen on slashing operational costs and championing sustainability. As awareness of energy consumption grows and electricity prices climb, the adoption of AC motors is on the rise.
- The surge in automation across manufacturing, logistics, and various sectors has further propelled the use of AC motors. Their compatibility with VFDs enables precise speed control, making them a favorite in automated settings and minimizing mechanical wear.
- Recent technological strides in materials, design, and control systems have bolstered AC motor performance. Breakthroughs such as high-efficiency motors, brushless designs, and superior insulation materials have amplified the reliability and efficiency of AC motors.
- With the U.S. manufacturing sector on an upward trajectory, the demand for machinery and automation reliant on electric motors is surging. Key industries driving this demand include automotive, aerospace, and consumer goods manufacturing. As per the Federal Reserve, the Industrial Production Index (IPI) for the U.S. touched 103.5 in August 2024, marking a modest rise from July's 102.3.
Motor Vehicles Segment Expected to Hold High Market Share
- Electric vehicles (EVs) emit no tailpipe pollutants, significantly curbing air pollution and greenhouse gas emissions when juxtaposed with traditional internal combustion engine (ICE) vehicles. This shift plays a pivotal role in combating climate change and enhancing air quality. Furthermore, electric motors boast superior efficiency over their gasoline or diesel counterparts, translating a greater portion of energy into motion and thereby slashing overall energy consumption.
- Leading automakers, including General Motors, Ford, and Stellantis, are pivoting towards electric vehicle production, underscoring their commitment to electrifying their fleets. Tesla, Rivian, and a host of startups, in tandem with these established giants, are amplifying the electric vehicle market, further solidifying the dominance of electric motors.
- As the price of EVs continues its downward trajectory, they are becoming accessible to a broader demographic. Moreover, the total cost of owning an EV often proves to be less burdensome, thanks to diminished maintenance and fuel expenses. United States consumers now enjoy an expanded array of choices, spanning from luxury electric vehicles to budget-friendly compact sedans and electric trucks. Notably, the Ford F-150 Lightning and Chevrolet Silverado EV are garnering significant interest in markets traditionally dominated by trucks.
- Sales of electric vehicles (EVs) in the U.S. have surged in recent years, propelled by technological advancements, heightened consumer awareness, and robust policy backing. Data from ICCT reveals that in 2023, Volvo secured the position of the second-largest manufacturer in terms of electric vehicle sales in the U.S., trailing only behind the fully-electric frontrunner, Tesla. Volvo's EV sales constituted 34.1 percent of its total U.S. sales, outpacing BMW, the next closest competitor, by a margin of approximately 16 percent.
US Electric Motor Industry Overview
The US Electric Motor Market is moderately consolidated, with players such as ABB Ltd., Ametek Inc., Johnson Electric Holdings Limited and Schneider Electric vying for higher market share. These players focus on providing innovative solutions for various end-user industries to provide enhanced user experience. They are vying for stronger market presence and higher market share by implementing strategies such as innovation, research and development, expansion, and mergers and acquisitions in the market.
US Electric Motor Market Leaders
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ABB Ltd.
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Ametek Inc.
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Johnson Electric Holdings Limited
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Schneider Electric
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Oriental Motor USA Corp.
- *Disclaimer: Major Players sorted in no particular order
US Electric Motor Market News
- September 2024: At the Battery Show North America in Detroit, ZAPI GROUP is making strides to elevate its brand's presence in North America. The company took center stage, unveiling its electric drivetrain solutions, which encompass both electric motors and motor controllers.
- October 2024: In a strategic move, Valeo, in collaboration with MAHLE, is broadening its range of magnet-free electric motors, targeting the premium vehicle segment. Their latest innovation, the iBEE system (inner Brushless Electrical Excitation), promises to redefine the performance and efficiency benchmarks for magnet-free electric motors.
US Electric Motor Industry Segmentation
Electric motors, devices that transform electrical energy into mechanical energy, find applications in diverse industries and household appliances. Notably, they boast greater energy efficiency than internal combustion engines (ICEs). The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrive at using top-down and bottom-up approaches.
The US Electric Motor market is segmented by motor type (AC Motor, DC Motor and Hermetic Motor), by power output (Integral HP Output and Fractional HP Output), and by application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances and Other Applications). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Motor Type | AC Motor |
| DC Motor | |
| Hermetic Motor | |
| By Power Output | Integral HP Output |
| Fractional HP Output | |
| By Application | Industrial Machinery |
| Motor Vehicles | |
| HVAC Equipment | |
| Aerospace & Transportation | |
| Household Appliances | |
| Other Applications |
| AC Motor |
| DC Motor |
| Hermetic Motor |
| Integral HP Output |
| Fractional HP Output |
| Industrial Machinery |
| Motor Vehicles |
| HVAC Equipment |
| Aerospace & Transportation |
| Household Appliances |
| Other Applications |
US Electric Motor Market Research Faqs
How big is the US Electric Motor Market?
The US Electric Motor Market size is expected to reach USD 24.35 billion in 2025 and grow at a CAGR of 5.47% to reach USD 31.78 billion by 2030.
What is the current US Electric Motor Market size?
In 2025, the US Electric Motor Market size is expected to reach USD 24.35 billion.
Who are the key players in US Electric Motor Market?
ABB Ltd., Ametek Inc., Johnson Electric Holdings Limited, Schneider Electric and Oriental Motor USA Corp. are the major companies operating in the US Electric Motor Market.
What years does this US Electric Motor Market cover, and what was the market size in 2024?
In 2024, the US Electric Motor Market size was estimated at USD 23.02 billion. The report covers the US Electric Motor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US Electric Motor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
US Electric Motor Industry Report
Statistics for the 2025 US Electric Motor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Electric Motor analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
