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Press releaseGlobeNewswire· February 16, 2026

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

View original at globenewswire.com
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 Dublin, Feb…
Opening lines of the source · GlobeNewswire · short snapshot — read the full document at the original

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

  • 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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