United States Electric Motors Market Outlook

The United States electric motors market size has been experiencing substantial growth, driven by the increasing demand for energy-efficient technologies and the rapid adoption of automation across various industries. According to the report by Expert Market Research (EMR), the U.S. electric motors market reached a value of USD 26.26 billion in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2032, reaching a value of USD 41.36 billion by 2032.

Electric motors, which convert electrical energy into mechanical motion, are essential components in a wide range of applications, from household appliances and automotive systems to industrial machinery and robotics. As the United States continues to focus on advancing its industrial capabilities and transitioning toward renewable energy, the demand for electric motors is expected to rise, driven by innovations in electric vehicle (EV) technology, renewable energy systems, and industrial automation.

Drivers of Growth

The primary drivers fueling the growth of the United States electric motors market include the increasing adoption of electric vehicles, the push for energy efficiency, advancements in automation, and the rapid growth of renewable energy sources such as wind and solar power. With the rise of electric vehicles, electric motors are increasingly in demand for their role in powering EVs, which is one of the most significant drivers of market growth in the transportation sector.

The United States government’s commitment to reducing carbon emissions and promoting sustainable energy solutions has accelerated the transition toward electric mobility. The Biden administration’s policies, including the push for zero-emission vehicles and investment in clean energy infrastructure, are expected to bolster the demand for electric motors in the automotive industry. The rise in electric vehicle production and the expansion of EV charging infrastructure are contributing to the overall growth of the electric motors market.

In addition to the automotive industry, the need for energy-efficient electric motors is growing in other sectors, including manufacturing, HVAC systems, and residential applications. Electric motors are integral to various energy-saving systems, such as heating, ventilation, and air conditioning (HVAC), where they optimize energy consumption by operating more efficiently than traditional mechanical systems.

Another important driver is the increasing adoption of automation across industrial sectors. The manufacturing industry, in particular, is seeing greater integration of automated systems, such as robotics and conveyors, which require electric motors to operate. These systems are key to improving production efficiency, reducing human labor, and minimizing operational costs. As industries like automotive, food and beverage, chemicals, and pharmaceuticals continue to automate their processes, the demand for electric motors is expected to grow in tandem.

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Technological Advancements and Innovations

The United States electric motors market is witnessing several technological advancements that are transforming the sector. One of the key trends is the development of high-efficiency electric motors, which are designed to reduce energy consumption and improve performance. The demand for these energy-efficient motors is being driven by regulatory requirements, cost-saving initiatives, and the broader push for sustainability in industrial and commercial sectors.

For instance, the U.S. Department of Energy’s (DOE) regulations for energy efficiency standards are encouraging the adoption of high-efficiency electric motors. These regulations are especially relevant in industries with high energy consumption, such as manufacturing and transportation, where operational costs can be significantly reduced by using motors that consume less electricity.

In addition to high efficiency, the development of smart motors integrated with IoT (Internet of Things) technology is gaining momentum. Smart motors can communicate with other devices and systems, enabling remote monitoring, predictive maintenance, and optimized performance. By integrating sensors and data analytics, these motors can detect operational anomalies, predict failures before they occur, and provide valuable insights into energy usage, thereby improving efficiency and reducing downtime in industrial applications.

Another significant innovation in the electric motors market is the advancement of permanent magnet synchronous motors (PMSMs). These motors are known for their high efficiency, compact size, and ability to deliver higher torque at lower speeds. PMSMs are increasingly used in electric vehicles, robotics, and renewable energy applications due to their superior performance compared to traditional induction motors.

The development of brushless DC motors (BLDC) is another notable trend. These motors, which offer higher efficiency, longer lifespan, and reduced maintenance compared to conventional brushed motors, are gaining traction in various applications, including household appliances, HVAC systems, and small electric vehicles. The increasing demand for low-maintenance and highly reliable motors is expected to further drive the adoption of BLDC technology in the United States electric motors market.

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United States Electric Motors Market Segmentation

The market can be divided based on by Type, by Voltage, by Power Output,  by Application and Region.

Market Breakup by Type

  • AC
  • DC

Market Breakup by Voltage

  • Less Than 1 kV
  • Between 1kV-6kV
  • Higher Than 6 kV

Market Breakup by Power Output

  • Up to 1 HP
  • More Than 1 HP

Market Breakup by Application

  • Residential
  • Commercial
  • Industrial
  • Transportation
  • Agriculture

Market Breakup by Region

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West

Competitive Landscape

Some of the major players explored in the report by  Expert Market Research are as follows:

  • ABB Ltd.
  • Robert Bosch GmbH
  • Hitachi Ltd.
  • Johnson Electric Holdings Limited
  • AMETEK.Inc.
  • Siemens AG
  • Toshiba International Corporation
  • TECO-Westinghouse Motor Company
  • Maxon international ltd.
  • Warfield Electric Company
  • Others

Challenges and Opportunities

Despite the positive growth outlook, the United States electric motors market faces several challenges. One of the major challenges is the high cost of high-efficiency motors, which can deter small and medium-sized enterprises (SMEs) from adopting these technologies. Additionally, the complexity of the supply chain for raw materials, including rare-earth metals used in high-performance motors, could pose challenges in maintaining stable production costs.

However, these challenges also present opportunities for innovation. Companies that can develop cost-effective, high-performance motors and overcome supply chain issues by leveraging alternative materials will be well-positioned to capitalize on the growing demand.