Global Electric Motor Trends in 2024
Electric Motor is part of Motor And Generator and includes a number of sub-sectors such as DC Motor and AC Motor. You may also be interested in Electric Generator.
Global DC Motor Export is projected to reach approximately $2.2 billion by 2028, up from around $1.9 billion in 2023. This marks a compound annual growth rate (CAGR) of 2.3%. Since 2019, the global supply has experienced a year-on-year increase of 3%. In 2023, China led the market with exports valued at nearly $520 million. Following China, Germany, the United States, and France occupied the second, third, and fourth positions, respectively. Notably, Uganda saw a significant leap in its DC motor export, surging by 142% year-on-year. In contrast, Bolivia experienced a decline of 39% over the same period.
Top 10 countries
In 2024 major markets in the Electric Motor Industry were:
World Electric Motor Market Data and Forecasts
How much the Electric Motor industry is expected to grow to 2028?
World Electric Motor Top Rankings
Global Electric Motor Statistics
- Motor And Generator Import 191 countries (Africa, Sub-Saharan Africa, Asia...)
- Motor And Generator Export 188 countries (Asia, Africa, Sub-Saharan Africa...)
- DC Motor Import 190 countries (Africa, Sub-Saharan Africa, Latin America...)
- DC Motor Export 177 countries (Africa, Latin America, Asia...)
- AC Motor Import 190 countries (Africa, Sub-Saharan Africa, Asia...)
- AC Motor Export 165 countries (Asia, Africa, Sub-Saharan Africa...)
- DC Motor Production 26 countries (Europe, Eastern Europe, Northern Europe...)
- DC Motor Sales 26 countries (Europe, Eastern Europe, Northern Europe...)