MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Industrial Electric Motors - AC
Overview
Market size
$38.0B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
2 high severity
Market outlook
2031$49.0B
What changed
Demand by region
Asia Pacific demand43%
North America demand28%
Europe demand18%
Latin America demand6%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Copper and winding materials35%
Steel laminations and iron frames25%
Labor and specialized assembly20%
Rare earth elements and magnets10%
Logistics and factory overhead10%
share of delivered cost (analyst estimate)