Us Motor and Drive Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Motor and Drive Market was valued at USD 100 Billion in 2022 and is projected to reach USD 150 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The U.S. motor and drive market is experiencing significant growth, driven by advancements in technology and a shift towards energy-efficient solutions. In 2023, the U.S. electric motor market was valued at approximately USD 27.11 billion, with projections indicating a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030. This surge is largely attributed to the increasing adoption of electric vehicles (EVs) and the implementation of energy-efficient motors across various industries.
One notable trend is the rising demand for AC motors, especially those equipped with variable frequency drives (VFDs). These motors offer enhanced efficiency and precise speed control, making them ideal for applications in HVAC systems, pumping solutions, and automated manufacturing processes. The integration of VFDs not only reduces energy consumption but also extends the lifespan of equipment by minimizing mechanical stress.
In the automotive sector, the transition to electric propulsion has significantly impacted the motor and drive market. Major automakers, including General Motors and Ford, are expanding their EV portfolios, leading to increased demand for specialized electric motors. This shift is further supported by government incentives and a growing consumer awareness of environmental sustainability.
However, the market faces challenges. High initial costs associated with advanced motor technologies can deter small and medium-sized enterprises from adoption. Additionally, the need for skilled personnel to manage and maintain sophisticated drive systems presents a hurdle for some industries.
Despite these challenges, the outlook remains positive. Innovations in motor design, such as the development of brushless DC motors and improved insulation materials, are enhancing performance and reliability. Moreover, the emphasis on reducing carbon footprints aligns with the broader global movement towards sustainability, positioning the U.S. motor and drive market for continued expansion in the coming years.
Get an In-Depth Research Analysis of the Global Motor and Drive Market Size And Forecast [2025-2032]
Key Player I
Key Player II
Key Player III
Key Player IV
Key Player V
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Motor and Drive Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Motor and Drive Market
AC Motors
DC Motors
Specialized Motors
Variable Frequency Drives (VFDs)
Servo Drives
DC Drives
Linear Drives
Industrial Manufacturing
Commercial
Transportation
Low Power (Up to 0.5 kW)
Medium Power (0.5 kW to 50 kW)
High Power (Above 50 kW)
OEMs (Original Equipment Manufacturers)
End Users
Maintenance, Repair, and Operations (MRO)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Motor and Drive Market Research Analysis
1. Introduction of the Global Motor and Drive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Motor and Drive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Motor and Drive Market, By Type
6. Global Motor and Drive Market, By Application
7. Global Motor and Drive Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Motor and Drive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/