North America Electric Motor Sales Market Size & Outlook
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North America electric motor sales market highlights
- The North America electric motor sales market generated a revenue of USD 32,574.1 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, ac motor was the largest revenue generating motor type in 2023.
- Hermetic Motor is the most lucrative motor type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 32,574.1 million |
| Market revenue in 2030 | USD 57,174.5 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Ac motor |
| Fastest growing segment | Hermetic Motor |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | AC Motor, DC Motor, Hermetic Motor |
| Key market players worldwide | ABB Ltd, Allied Motion Technologies, AMETEK Inc, Johnson Electric Holdings Ltd, Nidec Corp, Franklin Electric Co Inc, Regal Rexnord Corp, Schneider Electric SE, Siemens AG, Oriental Motor USA |
Other key industry trends
- In terms of revenue, North America region accounted for 17.8% of the global electric motor sales market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 177,166.5 million by 2030.
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Electric Motor Sales Market Scope
Electric Motor Sales Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Franklin Electric Co Inc | View profile | 6400 | 9255 Coverdale Road, Fort Wayne, IN, United States, 46809 | https://www.franklin-electric.com |
| Johnson Electric Holdings Ltd | View profile | 35000 | 6th Floor, 12 Science Park East Avenue, Hong Kong Science Park, Shatin, New Territories, Hong Kong, Hong Kong | https://www.johnsonelectric.com |
| Oriental Motor USA | View profile | 101-250 | Torrance, California, United States, North America | http://orientalmotor.com |
| Regal Rexnord Corp | View profile | 32100 | 111 West Michigan Street, Milwaukee, WI, United States, 53203 | https://www.regalrexnord.com |
| Allied Motion Technologies | View profile | 1001-5000 | Amherst, New York, United States, North America | http://www.alliedmotion.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Nidec Corp | View profile | 128002 | 338 Kuzetonoshiro-cho, Minami-ku, Kyoto, Japan, 601-8205 | http://www.nidec.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America electric motor sales market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric motor sales market will help companies and investors design strategic landscapes.
Ac motor was the largest segment with a revenue share of 70.43% in 2023. Horizon Databook has segmented the North America electric motor sales market based on ac motor, dc motor, hermetic motor covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of electric motor sales market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America electric motor sales market , including forecasts for subscribers. This continent databook contains high-level insights into North America electric motor sales market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America electric motor sales market size, by country, 2017-2030 (US$M)
North America Electric Motor Sales Market Outlook Share, 2023 & 2030 (US$M)
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