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Electric Motors Market: Technological Innovations & Future Opportunities 2026

Electric Motors Market: Technological Innovations & Future Opportunities 2026

In terms of small electric motors, the electric motors market is mainly bifurcated into motors for automotive, traction motors, and motors for industrial applications and consumer goods. Out of these, the traction motor segment is expected to generate sizable revenues while maintaining a CAGR of more than 6.5% by 2026. These motors are massively used in two-wheelers, ATVs and trains for a variety of applications. They offer features like low energy consumption, enhanced reliability, and superior efficiency.

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The electric motors market is expected to gain traction in the transportation sector given to growing concerns over climatic change and carbon emissions. Numerous countries over the world are imposing strict policies and regulations to promote the adoption of sustainable transportation alternatives that have a minimum impact over the environment.

Technological advancement has triggered a trend of product innovation, especially in the aerospace and automotive industries. Development of advanced motors that meet customer requirements could play a crucial role in deepening product penetration. Manufacturers have begun to shift their efforts towards developing and commercializing hybrid vehicle motors. Moreover, they are focusing on lowering the overall weight of these motors to increase efficiency of vehicles.

However, the COVID-19 pandemic has caused a steep drop in product consumption across the transport industry. The sector is considered as one of the most badly hit business areas during this pandemic and is currently experiencing a steep descent in growth. Analysts predict that COVID-19 might have a long-term impact on the travel behavior of people worldwide. 

Prominent electric motors market players like Siemens, Hyosung, WEG, Robert Bosch, Regal Beloit, ABB, Buhler Motor Gmbh, Toshiba, General Electric, Allied Motion Technologies, and Shandong are constantly focusing on developing their product offering and production capacities to expand their market share.

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Some Point from Table of Contents:

Data Tables

TABLE 1.  Electric motors industry 3600 synopsis, 2016 – 2026

TABLE 2.  Electric motors market in transportation sector estimates and forecast, 2016 – 2019, (Million units) (USD Million)

TABLE 3.  Electric motors industry in transportation sector estimates and forecast, 2020 - 2026, (Million units) (USD Million)

TABLE 4.  Comparison of motor by type

TABLE 5.  Electric motors industry in transportation sector volume estimates and forecast by motors, 2016 – 2019 (Million units)

TABLE 6.  Electric motors market in transportation sector volume estimates and forecast by motors, 2020 - 2026 (Million units)

TABLE 7.  Electric motors industry in transportation sector revenue estimates and forecast by motors, 2016 – 2019 (USD Million)

TABLE 8.  Electric motors market in transportation sector revenue estimates and forecast by motors, 2020 - 2026 (USD Million)

TABLE 9.  Electric motors industry in transportation sector volume estimates and forecast by end-use, 2016 – 2019 (Million units)

TABLE 10. Electric motors industry in transportation sector volume estimates and forecast by end-use, 2020 - 2026 (Million units)

TABLE 11. Electric motors industry in transportation sector revenue estimates and forecast by end-use, 2016 – 2019 (USD Million)

TABLE 12. Electric motors market in transportation sector revenue estimates and forecast by end-use, 2020 - 2026 (USD Million)

TABLE 13. Electric motors industry in transportation sector volume estimates and forecast by region, 2016 – 2019 (Million units)

TABLE 14. Electric motors industry in transportation sector volume estimates and forecast by region, 2020 - 2026 (Million units)

TABLE 15. Electric motors industry in transportation sector revenue estimates and forecast by region, 2016 – 2019 (USD Million)

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