United States Electric Motor Market Share, Growth and Forecast 2024-2032

United States Electric Motor Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 6.40% (2024-2032)

The United States electric motor market is experiencing steady growth, driven by increasing industrial automation, rising demand for energy-efficient solutions, and the expanding adoption of electric vehicles across various sectors. According to the latest report by IMARC Group, The United States electric motor market size is projected to exhibit a growth rate (CAGR) of 6.40% during 2024-2032.

United States Electric Motor Industry Trends and Drivers:

The electric motor market in the United States is expanding quickly. This growth is fueled by rising demand in areas like automotive, industrial machinery, and HVAC systems. A key factor is the shift to electric vehicles (EVs). Automakers are investing heavily in efficient electric motors to satisfy consumer needs and meet regulations. The industrial sector is also moving toward energy-efficient motors. This helps lower costs and meet environmental rules. Moreover, improvements in motor design and materials are boosting performance and durability. This makes electric motors more attractive for various applications.

A major trend is the use of IoT and smart tech in electric motors. This allows for predictive maintenance and real-time monitoring. Industries can boost productivity and cut downtime with these tools. Government incentives for energy efficiency and renewable energy are also fueling market growth. Growing awareness of environmental sustainability pushes consumers and businesses to choose electric motors. These motors provide lower emissions and energy use. With ongoing innovations and more applications, the U.S. electric motor market is set for steady growth in the years ahead.

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United States Electric Motor Industry Segmentation:

The report has segmented the market into the following categories:

Motor Type Insights:

• AC Motor 
  • Induction AC Motor
  • Synchronous AC Motor
• DC Motor
  • Brushed DC Motor
  • Brushless DC Motor
• Others

Voltage Insights:

• Low Voltage Electric Motors
• Medium Voltage Electric Motors
• High Voltage Electric Motors

Rated Power Insights:

• Fractional Horsepower Motors
  • Fractional Horsepower (< 1/8) Motors
  • Fractional Horsepower (1/8 - 1/2) Motors
  • Fractional Horsepower (1/2 - 1) Motors
• Integral Horsepower Motors
  • Integral Horsepower (1 - 5) Motors
  • Integral Horsepower (10 - 50) Motors
  • Integral Horsepower (50 - 100) Motors
  • Integral Horsepower (>100) Motors

Magnet Type Insights:

• Ferrite
• Neodymium (NdFeB)
• Samarium Cobalt (SmCo5 and Sm2Co17)

Weight Insights:

• Low Weight Motors
• Medium Weight Motors
• High Weight Motors

Speed Insights:

• Ultra-High-Speed Motors
• High-Speed Motors
• Medium Speed Motors
• Low Speed Motors

Application Insights:

• Industrial Machinery
• HVAC
• Transportation
• Household Appliances
• Motor Vehicles
• Aerospace
• Marine
• Robotics
• Others

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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