The North America electric motor market size reached US$ 26.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.9 Billion by 2027, exhibiting a growth rate (CAGR) of 3.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

An electric motor is an electro-mechanical device that converts electrical energy into mechanical energy. It works on the basic principle of electromagnetic induction according to which a current-carrying conductor always experiences a force in the presence of magnetic field. Electric motors offer long operational life, low energy consumption, low maintenance and high tolerance for fluctuating voltages. Owing to these benefits, electric motors are widely employed across various sectors, such as industrial machinery, motor vehicles, household appliances, HVAC equipment (heating-ventilating-air-conditioning), aerospace, transportation, etc.

The North America electric motor market is currently being driven by a number of factors. The increasing penetration of mechanization and automation across several industries has catalyzed the demand for electric motors in the region. In addition to this, rising technological advancements have led to the introduction of household appliances operated by electric motors, thereby positively influencing the market growth. Furthermore, electric motors are also employed in the agriculture industry for enhanced efficiency, controllability and long operational life of the machineries. Apart from this, rising per capita incomes coupled with the increasing environmental concerns have replaced fuel-driven automobiles with electric vehicles, thereby stimulating the demand for electric motors.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America electric motor market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, voltage, speed and applications.

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Type
AC Motor
Induction AC Motor
Synchronous AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Others

Market by Voltage
Low Voltage Electric Motors
Medium Voltage Electric Motors
High Voltage Electric Motors

Market by Speed
Ultra-High-Speed Motors
High-Speed Motors
Medium Speed Motors
Low Speed Motors

Market by Applications
Industrial Machinery
HVAC
Transportation
Household Appliances
Motor Vehicles
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key questions answered in this report:
How has the North America electric motor market performed so far and how will it perform in the coming years?
What are the key regions in the North America electric motor market?
What has been the impact of COVID-19 on the North America electric motor market?
What is the breakup of the North America electric motor market on the basis of type?
What is the breakup of the North America electric motor market on the basis of voltage?
What is the breakup of the North America electric motor market on the basis of speed?
What is the breakup of the North America electric motor market on the basis of applications?
What are the various stages in the value chain of the North America electric motor industry?
What are the key driving factors and challenges in the North America electric motor industry?
What is the structure of the North America electric motor industry and who are the key players?
What is the degree of competition in the North America electric motor industry?
What are the profit margins in the North America electric motor industry?