# Penetration of Robotics coupled with Energy-Efficient Drives will Facilitate Electric Motors Market Growth at 5.1% CAGR through 2031 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-01-10 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Electric Motors Market Insights 2021: Future Meta Description: Discover the latest insights on the global electric motors market with projections, trends, and key takeaways in the report by Future Market Insights. Download URL: https://financedigest.com/penetration-of-robotics-coupled-with-energy-efficient-drives-will-facilitate-electric-motors-market-growth-at-5-1-cagr-through-2031html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-2-1736836466334-compressed.jpg) Global sales of [electric motors](https://www.futuremarketinsights.com/reports/electric-motor-market) are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031. **Get \| Download Sample Copy with Graphs & List of Figures:** [**https://www.futuremarketinsights.com/reports/sample/rep-gb-2404**](https://www.futuremarketinsights.com/reports/sample/rep-gb-2404) According to Future Market Insights (FMI), increasing automation and robotics in industrial production [sector have fuelled the demand for electric motors](https://www.financedigest.com/2020-the-paradoxical-year-that-has-reshaped-the-future-of-motor-insurance-and-related-sectors.html "2020: The paradoxical year that has reshaped the future of motor insurance and related sectors"). The market also is gaining from rapid [technological advancement and advent of industrial](https://www.financedigest.com/five-industries-benefiting-from-multi-carrier-sim-technology.html "Five Industries Benefiting from Multi-Carrier SIM Technology") 4.0. The electric [motors market however registered moderate decline in its sales](https://www.financedigest.com/indias-tata-motors-jumps-to-a-7-month-high-on-strong-q4-jlr-sales.html "India’s Tata Motors jumps to a 7-month high on strong Q4 JLR sales") volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures. Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for [electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market](https://www.financedigest.com/new-suppliers-race-to-plug-in-to-electric-car-market.html "New suppliers race to plug in to electric car market"). The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the [electric motors market](https://www.financedigest.com/electric-vehicles-confront-the-leap-to-the-mass-market.html "Electric vehicles confront the leap to the mass market") in the forecast period. Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards [market growth](https://www.financedigest.com/dehydrated-vegetables-market-to-exhibit-phenomenal-growth-exhibiting-8-3-cagr-through-2031-attributing-to-consumer-health-awareness-future-market-insights-inc.html "Dehydrated Vegetables Market to Exhibit Phenomenal Growth Exhibiting 8.3% CAGR Through 2031 Attributing to Consumer Health Awareness | Future Market Insights, Inc.") in the years to come. **For More Information or Query or Customization Before Buying, Visit:** [**https://www.futuremarketinsights.com/customization-available/rep-gb-2404**](https://www.futuremarketinsights.com/customization-available/rep-gb-2404) **Key Takeaways from Electric Motors Market Study** - <1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications. - The AC Electric motors are set to hold over 71.6% of the market [share on value basis by the end](https://www.financedigest.com/european-shares-end-five-day-losing-streak-still-down-for-the-week.html "European shares end five-day losing streak, still down for the week") of forecast period. - East Asia will remain a primary market, backed by [rising demand](https://www.financedigest.com/euro-zone-likely-entering-recession-as-price-rises-hit-demand-pmi.html "Euro zone likely entering recession as price rises hit demand -PMI") from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021. - Electric motors for robotics application [set to surge](https://www.financedigest.com/unicredit-sets-out-8-billion-aid-package-for-italy-clients-hit-by-surging-prices.html "UniCredit sets out billion aid package for Italy clients hit by surging prices") at CAGR of approximately 5.9% over the coming decade. - The U.K. is [emerging as a key market in Europe](https://www.financedigest.com/exclusive-europe-ready-for-baltics-emergency-switch-off-from-russian-grid.html "Exclusive: Europe ready for Baltics emergency switch-off from Russian grid"), with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period. “The electric Motors market is anticipated to grow at a [strong pace driven](https://www.financedigest.com/impact-com-ends-2022-with-strong-momentum-driven-by-client-and-agency-partner-growth.html "impact.com Ends 2022 with Strong Momentum Driven by Client and Agency Partner Growth") largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and [digitalization in various end-use sectors are key factors fuelling the demand](https://www.financedigest.com/veraviews-welcomes-hoopla-digital-as-a-demand-partner.html "VeraViews Welcomes Hoopla Digital as a Demand Partner") for electric motors. Industry participants are [investing in expansions](https://www.financedigest.com/agnellis-exor-eyes-further-healthcare-investment-for-expansion.html "Agnellis’ Exor eyes further healthcare investment for expansion"), strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst. **Request a Complete TOC of this Report with figures:** [**https://www.futuremarketinsights.com/toc/rep-gb-2404**](https://www.futuremarketinsights.com/toc/rep-gb-2404) **Who is winning?** The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for [around 20-30% of the market](https://www.financedigest.com/britains-market-rout-stokes-contagion-fears-around-the-globe.html "Britain’s market rout stokes contagion fears around the globe") share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence. Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd. **[Explore FMI’s Extensive Coverage on Industrial Automation](https://www.financedigest.com/avalara-emea-summit-explores-future-of-vat-automation.html "Avalara EMEA Summit Explores Future of VAT Automation") Domain** [**Stainless Steel Welded Pipe Market**](https://www.futuremarketinsights.com/reports/stainless-steel-welded-pipes-market) **–** Stainless Steel Welded Pipe Market – Analysis, Outlook, Growth, Trends, Forecasts [**Bridge Bearings Market**](https://www.futuremarketinsights.com/reports/bridge-bearings-market) **–** The global bridge bearings market was valued at US$ 674.33 Mn in 2021, and is likely to reach US$ 705.8 Mn in 2022. [**Industrial Hearables Market**](https://www.futuremarketinsights.com/reports/industrial-hearables-market) **–** Industrial Hearables Market is projected to increase at a robust 7.8% CAGR between 2022 and 2026. **About [Future Market Insights](https://www.financedigest.com/frozen-pizza-market-will-register-a-cagr-of-6-0-during-2031-to-reach-about-us-32-89-bn-future-market-insights-inc.html "Frozen Pizza Market will register a CAGR of 6.0% during 2031 to reach about US$ 32.89 Bn | Future Market Insights Inc. ") (FMI)** Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest [market research reports and industry analysis help businesses](https://www.financedigest.com/advice-on-launching-a-business-in-a-new-market-space.html "Advice on launching a business in a new market space") navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research [reports deliver actionable insights that drive sustainable growth](https://www.financedigest.com/open-architecture-innovation-will-drive-new-growth-for-insurers-according-to-aon-gimo-report.html "‘Open architecture innovation’ will drive new growth for insurers, according to Aon GIMO report"). A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. **Contact:** Future Market Insights, 1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates For Sales Enquiries: [sales@futuremarketinsights.com](mailto:sales@futuremarketinsights.com) For Media Enquiries: [press@futuremarketinsights.com](mailto:press@futuremarketinsights.com) Website: [https://www.futuremarketinsights.com/](https://www.futuremarketinsights.com/) Report: [https://www.futuremarketinsights.com/reports/electric-motor-market](https://www.futuremarketinsights.com/reports/electric-motor-market) Press Release: [https://www.futuremarketinsights.com/press-release/electric-motor-market](https://www.futuremarketinsights.com/press-release/electric-motor-market) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---