Europe Electric Motor Market is Expected to Register a 7.88% CAGR Through 2030
Rising Adoption of Electric Vehicles (EVs) and Industrial
Automation & Smart Manufacturing are likely to propel the market during the
forecast period.
According to
TechSci Research report, “Europe Electric Motor Market – By Country,
Competition, Forecast and Opportunities, 2020-2030F”, Europe Electric Motor Market was valued at USD 27.63
Billion in 2024 and is expected to reach USD 43.95 Billion by 2030 with a CAGR
of 7.88% during the forecast period.
The
increasing demand for electric vehicles (EVs) is one of the primary drivers of
the Europe electric motor market. As European governments push for lower carbon
emissions and energy-efficient transportation, EV adoption has surged, directly
increasing the demand for electric motors.
Stringent
emission regulations set by the European Union (EU) and individual countries
have accelerated the shift from internal combustion engine (ICE) vehicles to
EVs. For example, the EU aims to ban the sale of new petrol and diesel cars by
2035, further promoting EV production. As a result, automakers are investing
heavily in electric drivetrains, which require advanced electric motors for
improved efficiency and performance.
Technological
advancements in battery technology, motor efficiency, and power electronics
have made EVs more affordable and practical for consumers. Governments also
offer subsidies and incentives for EV purchases, such as tax reductions and
grants, encouraging more consumers to switch. These factors contribute to the
rising demand for high-efficiency electric motors, particularly in hybrid and
fully electric vehicles. Additionally, the growth of EV charging infrastructure
across Europe supports this trend. With more charging stations available, range
anxiety is reduced, leading to a greater number of consumers opting for
electric mobility. This sustained growth in the EV market is expected to fuel
the demand for electric motors in the coming years.
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Based
on Application, Motor Vehicles held the largest market share in 2024. The motor vehicle sector dominates the Europe
electric motor market due to the rapid expansion of electric vehicles (EVs),
hybrid vehicles, and automotive electrification. With the European Union’s
strict emission regulations and the planned ban on new petrol and diesel cars
by 2035, automakers are increasingly investing in electric drivetrains that
rely on high-performance electric motors for propulsion. This transition has
significantly increased the demand for traction motors, a key component in
battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
To
propulsion, modern motor vehicles use multiple electric motors in various
systems, such as power steering, cooling fans, HVAC systems, and window
regulators, further driving market demand. The growth of autonomous and
connected vehicles is also increasing the adoption of smart electric motors
that enhance vehicle performance, efficiency, and automation.
Government
subsidies and incentives for EV purchases, coupled with investments in EV
charging infrastructure, have accelerated the shift towards electrified
transportation. Leading European automakers, including Volkswagen, BMW, and
Renault, are heavily investing in advanced motor technologies, such as
permanent magnet synchronous motors (PMSM) and axial flux motors, to enhance EV
efficiency and driving range.
The
electrification trend is expanding beyond passenger cars to include electric
buses, trucks, two-wheelers, and off-highway vehicles. As cities implement
low-emission zones and fleet operators transition to electric commercial
vehicles, the demand for electric motors in the transportation sector continues
to grow.
Based on
country, The United Kingdom
(UK) is the fastest-growing country in the Europe electric motor market due to
its rapid adoption of electric vehicles (EVs), strong focus on renewable
energy, and increasing industrial automation. Several key factors are driving
this growth:
The
UK government has set ambitious targets to phase out petrol and diesel cars by
2035, significantly boosting demand for electric motors used in EV powertrains,
battery cooling systems, and auxiliary applications. The expansion of EV
charging infrastructure and financial incentives for EV buyers further
accelerate this transition. Major automakers, including Jaguar Land Rover,
Nissan, and BMW, are investing in local EV production, increasing demand for
high-performance electric motors.
The
UK is a leader in renewable energy adoption, particularly in offshore wind
power, which relies on electric motors for turbines, tracking systems, and
energy conversion. Government initiatives promoting green energy investments
and carbon neutrality goals by 2050 further drive the need for efficient
electric motors in the power generation and grid infrastructure sectors.
Industries
in the UK are rapidly adopting automation, robotics, and AI-driven
manufacturing systems, all of which depend on high-efficiency electric motors.
The focus on Industry 4.0 and smart factories enhances demand for precision
motor technologies, particularly in sectors like logistics, healthcare, and
consumer electronics.
The
UK enforces strict energy efficiency standards under Ecodesign regulations,
encouraging businesses to upgrade to IE3, IE4, and IE5 motors for reduced
energy consumption and operational costs. This regulatory push, combined with
growing investments in clean energy technologies, makes the UK the
fastest-growing market in Europe’s electric motor sector.
Major companies
operating in the Europe Electric Motor Market are:
- ABB Ltd.
- Siemens AG
- Nidec Corporation
- Toshiba Corporation
- Schneider Electric SE
- Rockwell Automation, Inc.
- Emerson Electric Co.
- Mitsubishi Electric Corporation
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“The Europe electric motor market
presents significant growth opportunities driven by rising industrial
automation, electric vehicle (EV) adoption, and energy efficiency initiatives.
The transition to renewable energy sources, such as wind and solar power, is
increasing demand for high-efficiency electric motors in power generation and
grid infrastructure. Additionally, stringent EU energy regulations are
encouraging industries to replace outdated motors with IE3, IE4, and
IE5-compliant models. The expansion of smart manufacturing and IoT-enabled
motor systems further enhances market potential. As industries prioritize
sustainability and operational efficiency, investments in advanced motor
technologies and localized production are expected to grow.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Europe Electric Motor
Market, By Product Type (AC Motors, DC Motors, Hermetic
Motors), By Application (Aerospace & Transportation, Industrial Machinery,
Motor Vehicles, HVAC Equipment, Household Appliances, Others), By Country,
Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth
potential of Europe Electric Motor Market and provides statistics &
information on Market size, structure and future Market growth. The report
intends to provide cutting-edge Market intelligence and help decision-makers make
sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
Europe Electric Motor Market.
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