Home > > Europe And Global Electric Motor Sales Market- Size, Share, Growth Rate, and Forecast
The Europe Electric Motor Sales market was valued at $43.6 Million in 2023, and is projected to reach $62.3 Million by 2030 growing at a CAGR of 5.27% from 2024 to 2030. AC Motor segment is expected to be the highest contributor to this market, with $32.4 Million in 2023, and is anticipated to reach $44.4 by 2030, registering a CAGR of 4.63%. DC Motor segment is anticipated to reach $11.2 Million by 2030 with the highest CAGR of 7.32%. AC Motor and DC Motor segments collectively expected to account for about 90.0% share of the Europe Electric Motor Sales market in 2023, with the former constituting around 74.4% share. DC Motor and Hermetic Motor segments are expected to witness significant growth rates at a CAGR of 7.32% and 6.46% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 25.6% in the overall Europe Electric Motor Sales market in 2023, and is anticipated to reach 28.7% by 2030. Motor Type AC Motor DC Motor Hermetic Motor Power Output Integral HP Output Fractional HP Output Application Industrial Machinery Motor Vehicles HVAC Equipment Aerospace & Transportation Household Appliances Other Applications BY REGION North America U.s. Canada Europe Germany U.k. France Italy Spain Rest of Europe Asia China Japan South Korea India Indonesia Rest of Asia Middle East & Africa Brazil Mexico South Africa Australia Rest of MENA