The Italy electric motor market size reached around USD 2.62 Billion in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034 to reach nearly USD 4.19 Billion by 2034.
Base Year
Historical Year
Forecast Year
| Italy 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 | 2.50 |
| Market Size 2032 | USD Billion | 3.81 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.8% |
| CAGR 2024-2032 - Market by Region | North-West Region | 5.5% |
| CAGR 2024-2032 - Market by Region | North-East Region | 5.1% |
| CAGR 2024-2032 - Market by Motor Type | AC | 5.4% |
| CAGR 2024-2032 - Market by Application | Automotive | 5.3% |
| 2023 Market Share by Region | South Region | 26.7% |
Italy boasts a strong automotive sector, achieving a turnover of EUR 92.7 billion in 2022. This figure constituted 9.3% of the total manufacturing turnover in the country and represented 5.2% of Italy's GDP. The revenue generated by the automotive sector in the same year was EUR 92.7 billion, highlighting its significant contribution to the national economy, leading to Italy electric motor market development.
Electric motors are essential to the automotive sector, particularly with the growing emphasis on electric vehicles (EVs) and hybrid models. In 2023, sales of electric vehicles surged to 16,000 units, marking an increase of nearly 60%. Electric motors serve as the main source of propulsion in electric vehicles, converting electrical energy from the battery into mechanical energy to power the wheels. Common types of electric motors utilised for this purpose include Permanent Magnet Synchronous Motors (PMSMs), Induction Motors, and Brushless DC Motors (BLDCs). In hybrid vehicles, electric motors collaborate with internal combustion engines (ICEs) to enhance fuel efficiency and minimise emissions, consequently driving up the Italy electric motor market share.
Electric motors are integral to residential applications, serving vital functions in a variety of household appliances and electronic systems. Data from GfK indicates that in Italy, the sales of consumer technology products experienced a growth of 5.5% in 2020, with the total market value reaching 15.5 billion euros. Furthermore, recent innovations are aimed at enhancing the energy efficiency of electric motors used in residential settings. High-efficiency motors contribute to a reduction in energy consumption and lower utility expenses. Additionally, the incorporation of smart technology facilitates improved control and monitoring of motor-operated devices, thereby supporting energy conservation initiatives.
Value in USD Billion
2025-2034
Italy Electric Motor Market Outlook
*this image is indicative*
Rising demand for electric vehicles, advancement in material science, and growing environmental concerns are favouring the Italy electric motor market expansion.
Surging environmental concerns and the rising demand for sustainable energy sources are leading to the development of energy-efficient motors such as axial flax motors and brushless DC motors that can improve the overall efficiency of electric systems and reduce their energy consumption.
There is a rising trend of integrating advanced control systems in electric motors to enable precise control of motor torque, speed, and energy consumption, hence optimising their overall performance. Advancements in electric motor technology are also enhancing the range, power, efficiency, and overall performance of electric vehicles.
The Italy electric motor market developments are further enhanced by the way researchers are developing rare earth magnet-free electric motors with excellent power and torque density to reduce the dependency on rare earth magnets and make motors, and consequently electric vehicles, more climate-friendly.
As Italy's manufacturing sector continues to embrace automation, the demand for electric motors is expected to rise across these various applications. This trend highlights the importance of innovation in motor technology, including advancements in energy efficiency, compact design, and smart capabilities, to meet the evolving needs of the sectors.
Increasing sales of electric vehicles, the expansion of charging infrastructure, favourable government initiatives, and the increasing adoption of electric micro-mobility solutions are significantly driving the demand for electric motors. In 2022, the share of plug-in and pure electric vehicles in Italy reached 8.6% in 2022, translating to nearly 113,000 vehicles.
As per the Italy electric motor market analysis, the emergence of technologies such as advanced magnetic materials, solid-state inverters, and integrated motor-inverter systems is anticipated to revolutionise the electric vehicle market in the forecast period. Besides, electric motors are increasingly integrated with the Internet of Things (IoT) to enable predictive maintenance and real-time data monitoring, reducing their downtime.
The EMR’s report titled “Italy 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 Region
| CAGR 2024-2032 - Market by | Region |
| North-West Region | 5.5% |
| North-East Region | 5.1% |
| Central Region | XX% |
| South Region | XX% |
Based on the application, the market is segmented into residential, commercial, automotive, and industrial. The automotive segment is projected to grow at a CAGR of 5.3% during the forecast period of 2024-2032. Electric motors play a crucial role in the automotive sector by powering electric vehicles, enhancing fuel efficiency in hybrid models, and driving auxiliary systems like power steering and cooling fans. This technology greatly aids in the advancement of cleaner, quieter, and more energy-efficient transportation solutions.
Major players are focusing on adopting technological advancements and producing energy-efficient motors to gain a competitive edge in the Italy electric motor market.
ABB Ltd. is headquartered in Zurich, Switzerland, and was founded in 1988. The company is a leading global player in robotics, electrification, and automation technology. The company provides innovative solutions to a diverse range of sectors, utilities, and transportation sectors worldwide.
Siemens AG was established in 1847 and is based in Munich, Germany. The company is well-known for its expertis...
As per Italy electric motor market analysis, the company was founded in 1886 and is headquartered in Stuttgart...
The company was founded in 1988 and is headquartered in Texas, USA. TECO-Westinghouse specialises in the manuf...
*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, and O.M.E. Motori Elettrici s.r.l., 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.*
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In 2024, the market attained a value of nearly USD 2.62 Billion.
The market is assessed to grow at a CAGR of 4.80% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 4.19 Billion by 2034.
The market is being driven by rising infrastructural activities and increasing demand for electric vehicles.
The key trends aiding the market expansion include the production of energy-efficient electric motors and the rising adoption of automation in various sectors.
The major motor types of the market are AC and DC.
Regions considered in the market are the North-West Region, North-East Region, Central Region, and South Region.
The major players in the market are ABB Ltd., Siemens AG, Robert Bosch GmbH, TECO-Westinghouse, Regal Rexnord Corporation, Toshiba Corp., Weg SA, and O.M.E. Motori Elettrici s.r.l., 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:
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| Breakup by Type |
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| Breakup by Voltage |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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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
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