The Europe electric motor market size reached around USD 26.96 Billion in 2024. The market is projected to grow at a CAGR of 4.90% between 2025 and 2034 to reach nearly USD 43.50 Billion by 2034.
Base Year
Historical Year
Forecast Year
| Europe Electric Motor Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 25.70 |
| Market Size 2032 | USD Billion | 39.53 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.9% |
| CAGR 2024-2032 - Market by Country | France | 5.5% |
| CAGR 2024-2032 - Market by Country | United Kingdom | 5.1% |
| CAGR 2024-2032 - Market by Type | AC Motors | 5.2% |
| CAGR 2024-2032 - Market by End Use | Mobility | 6.9% |
| 2023 Market Share by Country | Germany | 19.7% |
Significant advancements in the adoption of electric vehicles within the European Union were observed in 2022, with electric cars constituting 21.6% of all new car registrations. The trend of new electric car registrations has shown a consistent upward trajectory, rising from 600 in 2010 to approximately EUR 1.74 million in 2021, representing 18% of total new registrations. This upward trend also persisted in 2022, with nearly 22% of newly registered passenger cars being electric.
As per the Europe electric motor market analysis, electric motors serve as vital components in electric vehicles, executing a range of crucial functions. The primary function of electric motors in EVs is to propel the vehicle by converting electrical energy stored in the battery into mechanical energy. This system of propulsion replaces the traditional internal combustion engine found in conventional vehicles.
The shift towards renewable energy sources, such as wind and solar power, is driving a substantial rise in the demand for electric motors used in energy generation, storage, and conversion systems, particularly in wind turbines and hydroelectric plants. In 2022, Europe installed 19 GW of new wind capacity, with 16 GW coming from the EU-27. Forecasts suggest that from 2023 to 2027, Europe is anticipated to add 129 GW of new wind farms, with the EU-27 contributing 98 GW of that amount.
Value in USD Billion
2025-2034
Europe Electric Motor Market Outlook
*this image is indicative*
Growing demand for electric vehicles, rapid urbanisation and infrastructural development, renewable energy initiatives, and rising demand for HVAC systems are the major trends impacting the Europe electric motor market growth.
The ongoing growth of cities and improvements in infrastructure across Europe is leading to a rising need for electric motors used in building technologies like elevators and escalators, as well as in public transport and other vital infrastructure.
The transition to renewable energy sources, including wind and solar power, is increasing the demand for electric motors utilised in energy generation, storage, and conversion systems, especially within wind turbines and hydroelectric systems.
The increasing need for heating, ventilation, and air conditioning (HVAC) systems across residential, commercial, and industrial sectors is driving the demand for electric motors, which play a crucial role in the functioning of these systems, leading forth to Europe electric motor market developments.
The increasing implementation of automation and robotics across manufacturing, logistics, and various other sectors is driving a heightened demand for electric motors. These motors play a crucial role in the functioning of automated machinery, conveyor systems, and robotic technologies.
The rapid expansion of the electric vehicle sector in Europe is a pivotal factor propelling the electric motors market in Europe, which serve as crucial components in the powertrains of these vehicles. As the automotive landscape shifts towards electrification, electric motors have become indispensable for delivering the performance, efficiency, and sustainability that modern consumers expect from their vehicles.
Advancements in electric motor design and manufacturing are also contributing to this trend. Innovations in materials, efficiency, and performance are making electric motors more attractive to manufacturers and consumers alike, leading to the expansion of Europe electric motor market size. As electric motors become lighter, more efficient, and more powerful, they enhance the overall performance of electric vehicles, making them a more appealing choice for a broader audience.
The EMR’s report titled “Europe Electric Motor Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Motor Type
Breakup by Voltage
Breakup by Application
Breakup by Country
| CAGR 2024-2032 - Market by | Country |
| France | 5.5% |
| United Kingdom | 5.1% |
| Italy | 4.8% |
| Germany | XX% |
| Russia | XX% |
| Others | XX% |
Based on the application, the market is segmented into automotive, industrial, residential, and commercial. The automotive sector is projected to grow at a CAGR of 5.4% during the forecast period of 2024-2032 due to the growing demand for electric vehicles. Electric motors play a crucial role in the automotive sector by driving the sales of electric vehicles (EVs), e-bikes, and public transportation systems. These motors provide an efficient and environmentally friendly means of propulsion, thus propelling the electric motor market in Europe. They help decrease carbon emissions, enhance energy efficiency, and support the transition towards more sustainable and cleaner transportation solutions in urban areas and various sectors.
Leading companies in the market are adopting advanced technologies and developing energy-efficient motors to improve Europe electric motor market outlook.
ABB Ltd. is based in Zurich, Switzerland, and was established in 1988. The company is recognised as a global frontrunner in power and automation technologies, delivering innovative solutions in electrification, robotics, and industrial automation.
Siemens AG is in in Munich, Germany, and was founded in 1847. This multinational conglomerate is dedicated to ...
Robert Bosch GmbH is headquartered in Gerlingen, Germany, and was founded in 1886. Bosch stands as a prominent...
TECO-Westinghouse is based in Round Rock, Texas, USA, and was established in 1995. This company specialises in...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market are Regal Rexnord Corporation, Toshiba Corp., Weg SA, O.M.E. Motori Elettrici s.r.l., Johnson Electric Holdings Limited, and Nidec Corporation, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2024, the market attained a value of nearly USD 26.96 Billion.
The market is assessed to grow at a CAGR of 4.90% between 2025 and 2034.
The market is estimated to reach around USD 43.50 Billion by 2034.
The market is being driven by the rising adoption of electric vehicles and increasing renewable initiatives in the region.
The key trends aiding the market expansion include the production of energy-efficient electric motors and increasing implementation of automation and robotics across various sectors.
The major motor types in the market are AC motors and DC motors.
The countries considered in the market are the United Kingdom, Germany, France, Russia, and Italy, among others.
The major players in the market are ABB Ltd., Siemens AG, Robert Bosch GmbH, TECO-Westinghouse, Regal Rexnord Corporation, Toshiba Corp., Weg SA, O.M.E. Motori Elettrici s.r.l., Johnson Electric Holdings Limited, and Nidec Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Motor Type |
|
| Breakup by Voltage |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share