The North America Electric Motors Market size was valued at USD 15,560 Million in 2025 and is expected to reach USD 37,890 Million by 2035, growing at a CAGR of 8.6% from 2024 to 2035. This market is being driven by rapid adoption in automotive and industrial applications, as well as technological advancements focusing on energy efficiency and smart systems integration.
The economic impact of tariffs on "North America Electric Motors Market".
Market Growth Drivers
Electrification of the Automotive Sector: The surge in electric vehicle (EV) adoption across the US and Canada is substantially driving demand for electric motors. Leading automotive manufacturers, such as Tesla and General Motors, are scaling up production of electric vehicles to cater to growing consumer demand and stringent emission regulations. For instance, in 2023, General Motors announced an investment of $7 billion in its EV and electric motor manufacturing facilities, aiming to deliver over 1 million EVs annually by 2025, further boosting market growth.
Focus on Industrial Automation: With increased automation in manufacturing and processing industries, demand for high-efficiency electric motors is escalating. ABB and Siemens are investing in innovative motor solutions to meet energy-saving standards and operational reliability. In April 2024, ABB introduced a new line of smart motors integrated with IoT-based monitoring, supporting predictive maintenance and reducing downtime for large-scale manufacturers.
Market Trends
Integration of Smart and Connected Motors: The trend towards Industry 4.0 and the Industrial Internet of Things (IIoT) is propelling the adoption of smart electric motors. These motors facilitate real-time monitoring, predictive analytics, and remote management, significantly improving operational efficiency. Companies like Siemens and Rockwell Automation have introduced motor solutions with embedded sensors and cloud connectivity, gaining traction in the North American manufacturing sector.
Rise in Renewable Energy Applications: Increased investments in renewable energy projects, especially wind and solar farms, are promoting the use of specialized electric motors for energy generation and storage systems. For example, in March 2024, GE Vernova announced major contracts to supply high-powered motors for wind turbine applications in the US, further strengthening the market.
Market Opportunities
Growing Demand for EV Charging Infrastructure: With federal and state-level initiatives targeting rapid deployment of EV charging stations, electric motor manufacturers like WEG and Regal Rexnord are poised to benefit by supplying advanced motors for chargers and grid integration.
Expansion in HVAC Market: The growth of the construction sector and retrofitting of commercial buildings is creating opportunities for energy-efficient electric motors in HVAC systems. Companies including Nidec and Toshiba are enhancing their motor lines for smart and low-carbon HVAC solutions.
North America Electric Motors Market Revenue (USD Million), 2020-2035
The chart shows a steady increase in market revenue for electric motors in North America from 2020 to 2035. In 2020, the market generated USD 9,850 Million, growing consistently due to increased EV adoption and industrial upgrades for energy efficiency. By 2025, the revenue is expected to reach USD 15,560 Million, reflecting robust investments in manufacturing, automotive, and renewable sectors. The upward trajectory continues, reaching USD 37,890 Million by 2035, as electric motors become an indispensable component in sustainable transportation and automation technologies. This trend highlights the region’s commitment to green initiatives and digital transformation within industries.
North America Electric Motors Market Share by Region (%), 2025
The pie chart for 2025 reveals the United States holds the largest market share at 67%, followed by Canada with 21%. Mexico occupies 8%, while Rest of North America (including Caribbean and Central America) covers 4%. The clear dominance of the US is due to its advanced manufacturing base, heightened EV adoption, and large-scale renewable energy projects. Canada’s notable share is attributed to its growing industrial sector and supportive government policies for clean energy. Mexico, while smaller, is seeing rising demand due to automotive industry investments.
Recent Developments
In April 2024, ABB announced the launch of its next-generation M3BP IE5 Ultra-Premium Efficiency motors in North America, designed to save up to 25% more energy compared to conventional models. This innovative product aims to help industries meet stricter regulatory standards while reducing overall operational costs.
In May 2024, Siemens expanded its partnership with General Motors for the supply of custom electric motors tailored for EV propulsion systems. This collaboration is expected to accelerate the production of next-generation electric vehicles, with new manufacturing lines set to open in Michigan by early 2025.
In June 2024, Nidec Corporation unveiled plans to set up a new R&D center in Texas, focusing on smart motor technologies for industrial automation and green energy applications. The facility is projected to employ over 200 engineers and strengthen Nidec’s technological capabilities in the North American market.
By Type (AC Motors, DC Motors, Hermetic Motors, Stepper Motors, Servo Motors, Brushless Motors) and By Application (Industrial, Commercial, Residential, Automotive, HVAC, Aerospace & Defense)
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