Europe Induction Motor Market Size, Growth, Share Analysis and Forecast Report 2033

Market Overview

The Europe induction motor market size reached USD 3,580.0 Million in 2024. It is forecasted to grow to USD 4,755.0 Million by 2033, exhibiting a CAGR of 3.04% during the 2025–2033 forecast period. The market growth is driven by the rising adoption of induction motors in electric vehicles due to their high power density and efficiency. Additionally, environmental regulations encouraging energy-efficient motors further boost demand. Technological advancements and increasing digitalization of smart homes are also positively impacting the market.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Europe Induction Motor Market Key Takeaways

• Current Market Size: USD 3,580.0 Million in 2024
• CAGR: 3.04%
• Forecast Period: 2025-2033
• Europe is the third largest market globally for induction motors.
• Rapid development of electric vehicles in Europe is a primary growth driver.
• Induction motors are preferred for their robustness, affordability, durability, and easy maintenance.
• Increasing adoption of IEC and NEMA standards to reduce greenhouse gas emissions is driving demand for energy-efficient motors.
• Digitalization and advancements in power electronics positively influence market growth.

Sample Request Link: https://www.imarcgroup.com/Europe-Induction-Motor-Market/requestsample

Market Growth Factors

The growth of the Europe induction motors market is attributed to the increasing demand for electric vehicles (EVs) in Europe. Induction motors suit different driving cycles of EVs due to their high power density and variable speeds, high starting torque, and power factor improvement, for they operate EVs. EVs developed quickly. Demand for induction motors increased. This drove the market's growth.

Government regulations and policies also play a role within the market growth. The European Union (EU) has begun to follow international standards like IEC and NEMA to lower the greenhouse gases. This has led to an increasing demand for energy efficient induction motors which satisfy the criteria to form part of a green and sustainable industry and also encourages motor builders to develop suitable motors.

Some of the principal reasons for this growth have also been the improvements in power electronics and the digitalization of the smart home. The use of smart technology enables better motor control with energy-efficiency improvements. These benefits broaden the use of induction motors in industrial, commercial, and residential sectors. The market growth is sustained.

Market Segmentation

Breakup by Product Type:

• Single Phase Induction Motor
• Three Phase Induction Motor

Breakup by End Use Sector:

• Industrial
• Commercial
• Residential

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Regional Insights

Europe is identified as the third largest market for induction motors globally. The market within the region is expanding at a CAGR of 3.04% during 2025-2033, reflecting steady growth. The prominence of EV development and strict environmental standards are key factors driving regional market demand. This makes Europe a critical hub for induction motor utilization and innovation.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

I'm Joey Moore, a seasoned Research Analyst with 5+ years of experience in market research. Expert in data analysis, strategic planning, and industry insights.