NEMA Motors Market size was valued at USD 10.5 Billion in 2024 and is forecasted to grow at a CAGR of 4.9% from 2026 to 2033, reaching USD 15.2 Billion by 2033.
The NEMA Motors market was valued at approximately USD 12.4 billion in 2022 and is expected to grow at a CAGR of 5.7% from 2023 to 2030. This growth is driven by the increasing demand for energy efficient motors across various industries such as manufacturing, automotive, and HVAC systems. The North American region accounted for the largest share of the market in 2022, contributing to about 35% of the total revenue. The demand for NEMA motors in North America is primarily driven by the extensive use of industrial machinery and the rising adoption of automation technologies. The market size in North America is estimated to reach USD 4.3 billion by 2030, expanding at a CAGR of 4.8% during the forecast period.
In the European market, NEMA motors are expected to grow steadily at a CAGR of 6.1% from 2023 to 2030, driven by the increasing implementation of sustainable energy systems and automation processes. The Asia Pacific region is expected to exhibit the fastest growth in the coming years, with a projected CAGR of 6.9%. China, India, and Japan are the major contributors to this growth due to the rapid industrialization, expanding manufacturing base, and growing demand for energy efficient solutions. The NEMA motors market in the Asia Pacific is forecasted to reach USD 5.8 billion by 2030. Latin America and the Middle East & Africa regions are expected to show moderate growth due to improving infrastructure and industrial sectors.
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ABB
WEG
Siemens
Nidec Motor Corporation
Rockwell Automation
Hyosung Heavy Industries
TECO
ATB AG
Oriental Motor
Nanotec Electronic GmbH
Techtop Canada
Marathon
Moons Industries
GEMS Motor
Elektrim Motors
Jiangsu Weilite
Hebei Electric Motor
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global NEMA Motors Market
Industrial Machinery
Automotive
Oil & Gas
Energy & Utilities
Agriculture
AC Motors
DC Motors
Stepper Motors
Servo Motors
Low Power (Up to 1 HP)
Medium Power (1 HP - 10 HP)
High Power (Above 10 HP)
HVAC
Conveyor Systems
Industrial Automation
Pumps & Compressors
Fan Systems
Low Speed (Below 1000 RPM)
Medium Speed (1000 RPM - 5000 RPM)
High Speed (Above 5000 RPM)
US (United States, US 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)
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1. Introduction of the Global NEMA Motors 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 NEMA Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global NEMA Motors Market, By Type
6. Global NEMA Motors Market, By Application
7. Global NEMA Motors Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global NEMA Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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