Motors and Drives Industry Research Report 2026: An $82.79 Billion Market by 2031 from $61 Billion in 2025 with ABB, Emerson Electric,. Nidec, Regal Rexnord, Rockwell Automation, and WEG Dominating

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• The Motors and Drives Market was valued at USD 60.10 Billion in 2025, and is projected to reach USD 82.79 Billion by 2031, rising at a CAGR of 5.48%

  80% confidence

• China alone installed more than 168,000 industrial robots in 2023, significantly boosting demand for high-efficiency motors and drives

  80% confidence

• The market is shifting from traditional AC induction motor towards the sophisticated synchronous alternatives

  80% confidence

• In some regions and countries, there is a goal for net-zero emission vehicle sales by 2035

  80% confidence

• APAC is dominating the global motors & drives market, with a share of 45% in 2025

  80% confidence

• The motors and drives market is a fragmented landscape primarily due to the presence of several global and regional companies and a diverse range of specialized product offerings

  80% confidence

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