Europe Industrial Motor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Motor Type (Direct Current (DC), Alternating Current (AC)), By Voltage (High and Medium, Low), By Distribution Channel (OEM, Distributor), By Efficiency Classes (IE1, IE2, IE3), By End-User Industry (Oil and Gas, Mining, Food and Beverage, Construction, Manufacturing, Pulp and Paper, Water and Wastewater, Others), And By Country - Forecasts From 2023 To 2028

The European industrial motor market is expected to grow at a CAGR of 4.57% from an initial value of US$8.124 billion in 2021 and is estimated to reach a market size of US$11.111 billion in 2028.

The ongoing replacement of gas turbines with electric motors in large industrial plants coupled with expanding applications of industrial motors across the sectors drives the market growth. Moreover, strong automobile production and the rising popularity of electric vehicles further propel the demand for industrial motors in the European region. The rising popularity of energy-efficient industrial motors owing to growing concern among people regarding energy conservation coupled with the influential German market and developed economy are also some of the major growth factors. The primary source of power for industrial production in the region is industrial motors. Alignment, motor monitoring, connections, testing, and cost- and time-saving techniques are only a few of the cutting-edge methods used in the design and development of industrial motors.

Smart drives and energy-saving motors also improve productivity and effectiveness while streamlining troubleshooting. The market for industrial motors is primarily driven by the increased attention to industry 4.0. For instance, the Move to 4.0 project in the region is expected to bring about a revolutionary change to the manufacturing industry in the country, boosting the demand for industrial motors in the region, which is expected to drive the market to a great extent during the forecast period.

Rising EV adoption and growing government initiatives

The government of the UK has committed to reducing greenhouse gas emissions by 28% by 2035 and achieving a Net Zero by 2050. According to the government, transport, in particular, cars, is the largest source of emissions accounting for about 27%. Thus, transitioning from petrol and diesel cars to electric EVs is considered to be the key to reducing emissions and meeting Net Zero. Reflecting this, the UK Government has committed to ending the sale of new petrol and diesel cars/vans from 2030. This has also boosted the sales of EVs in the country, which is expected to augment industrial motor market growth in the region.

Recent Developments in the market

In Switzerland, in February 2021, ABB announced the launch of the company’s new Novolink™ smart device modules as an initiative to integrate industrial motor starting solutions into smart manufacturing strategies. The product delivers high-grade motor protection. It has been launched to enable predictive maintenance and real-time optimization at smart factory systems.

The European industrial motor market for the manufacturing segment is set to expand.

In Europe, over the past few years, the value added by the manufacturing sector has increased steadily. For instance, as per the World Bank, value added (manufacturing) by the countries in the European Union reached US$2,422,175.23 million in 2018. As of 2021, this value is estimated to be US$ 2,530,151.81 million. The expansion of the manufacturing sector in the region can be witnessed due to continuous business strategies undertaken by the market players as well as government agencies. For instance, the ‘Made in Europe’ partnership was launched by the European Commission in June 2021. The aim of the partnership is to maintain Europe’s sovereignty and technological leadership in the manufacturing sector. The initiative focuses on helping the respective companies to move toward sustainability, resilience, and digitalization.

Germany accounted for a sizeable market share owing to the favorable government strategies to boost industrial productivity in the country.

Based on country, Europe’s industrial motor market is divided into the United Kingdom, Germany, France, Italy, and others. In 2019, Germany’s Ministry of Economic Affairs issued its Industrial Strategy 2030 which aimed to strengthen the country’s industrial activity and improve technological autonomy. The implementation of new policies and initiatives by the German government to boost industrial production is also expected to provide a positive outlook to the overall market.

Europe Industrial Motor Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$8.124 billion
Market Size Value in 2028	US$11.111 billion
Growth Rate	CAGR of 4.57% from 2021 to 2028
Base Year	2021
Forecast Period	2023–2028
Forecast Unit (Value)	USD Billion
Segments Covered	Motor Type, Voltage, Distribution Channel, Efficiency Classes, End-User Industry, And Countty
Regions Covered	United Kingdom, Germany, France, Italy, Others
Companies Covered	ABB, Ametek.Inc, Emerson Electric Co., Rockwell Automation, Inc., Siemens, Schneider Electric, Toshiba Corporation, Technosoft, Fuji Electric Co., Ltd, RobotShop Europe
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Motor Type
  • Direct Current (DC)
  • Alternating Current (AC)
• By Voltage
  • High And Medium
  • Low
• By Distribution Channel
  • OEM
  • Distributor
• By Efficiency Classes
  • IE1
  • IE2
  • IE3
• By End-User Industry
  • Oil & Gas
  • Mining
  • Food And Beverage
  • Construction
  • Manufacturing
  • Pulp And Paper
  • Water And Wastewater
  • Others
• By Country
  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. EUROPE INDUSTRIAL MOTOR MARKET, BY MOTOR TYPE

5.1. Introduction

5.2. Direct Current (DC)

5.3. Alternating Current (AC)

 

6. EUROPE INDUSTRIAL MOTOR MARKET, BY VOLTAGE

6.1. Introduction

6.2. High and Medium 

6.3. Low

 

7. EUROPE INDUSTRIAL MOTOR MARKET, BY DISTRIBUTION CHANNEL

7.1. Introduction

7.2. OEM

7.3. Distributor

 

8. EUROPE INDUSTRIAL MOTOR MARKET, BY EFFICIENCY CLASSES

8.1. Introduction

8.2. IE1

8.3. IE2

8.4. IE3

 

9. EUROPE INDUSTRIAL MOTOR MARKET, BY END-USER INDUSTRY

9.1. Introduction

9.2. Oil & Gas

9.3. Mining 

9.4. Food and Beverage

9.5. Construction

9.6. Manufacturing

9.7. Pulp and Paper

9.8. Water and Wastewater

9.9. Others 

 

10. EUROPE INDUSTRIAL MOTOR MARKET, BY COUNTRY 

10.1. Introduction

10.2. United Kingdom

10.3. Germany

10.4. France

10.5. Italy 

10.6. Others

 

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Emerging Players and Market Lucrativeness

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Vendor Competitiveness Matrix

 

12. COMPANY PROFILES

9.1 ABB

9.2 Ametek.Inc

9.3 Emerson Electric Co.

9.4 Rockwell Automation, Inc.

9.5 Siemens

9.6 Schneider Electric

9.7 Toshiba Corporation

9.8 Technosoft

9.9 Fuji Electric Co., Ltd

9.10 RobotShop Europe

ABB

Ametek.Inc

Emerson Electric Co.

Rockwell Automation, Inc.

Siemens

Schneider Electric

Toshiba Corporation

Technosoft

Fuji Electric Co., Ltd

RobotShop Europe