Electric Motors Household Appliances Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The electric motors household appliances market is expected to grow at a CAGR of 4.31% from 2018 to 2032. This growth rate is expected to reach a CAGR of 4.6 % during the forecast period. Increasing demand for energy-saving appliances and the growing popularity of smart home appliances will drive the market. The growing concern about the environment is resulting in a shift towards electric motors that offer high efficiency and low carbon emissions. Further growth will be driven by the integration of the Internet of Things into home appliances. Several companies, such as Siemens, Bosch, and General Electric, are investing in research and development to improve motor performance and efficiency. These companies are also launching new products, such as a new range of washing machines with energy-efficient motors. These factors will shape the market for electric motors in household appliances.

Regional Market Size

Regional Deep Dive

The electric motor household appliances market is expected to grow at a CAGR of 6.6% from 2018 to 2023, driven by the increasing demand for energy-efficient and smart appliances. North America’s market is characterized by a strong emphasis on innovation and green products, with consumers increasingly preferring energy-saving appliances. Europe’s market is being driven by energy-efficiency regulations. In Asia-Pacific, urbanization and rising incomes are fuelling the market. Middle East and Africa’s market is growing gradually, with the support of economic diversification efforts. Latin America’s market is also growing, driven by the growing middle class and the increasing investment in the country’s infrastructure.

Europe

• The European Union's Ecodesign Directive is mandating stricter energy efficiency requirements for household appliances, prompting manufacturers to upgrade their electric motor technologies.
• Leading companies such as Bosch and Siemens are focusing on developing brushless DC motors, which offer higher efficiency and lower noise levels, aligning with consumer preferences for quieter appliances.

Asia Pacific

• China's rapid urbanization is driving demand for electric motors in household appliances, with local manufacturers like Haier and Midea leading the charge in innovation.
• The Indian government is promoting the 'Make in India' initiative, encouraging local production of energy-efficient appliances, which is expected to boost the electric motors market significantly.

Latin America

• Brazil is implementing new energy efficiency regulations that are encouraging manufacturers to adopt advanced electric motor technologies in household appliances.
• Local startups are emerging in the region, focusing on sustainable appliance solutions, which is expected to drive innovation and competition in the electric motors market.

North America

• The U.S. Department of Energy has introduced new energy efficiency standards for household appliances, which are pushing manufacturers to innovate and adopt more efficient electric motors.
• Companies like Whirlpool and General Electric are investing heavily in R&D to develop smart appliances that integrate IoT technology, enhancing user experience and energy management.

Middle East And Africa

• The UAE is investing in smart home technologies as part of its Vision 2021 initiative, which is expected to increase the adoption of electric motors in household appliances.
• Local companies are beginning to collaborate with international firms to enhance their product offerings, focusing on energy-efficient solutions that cater to the growing middle class.

Did You Know?

“Approximately 75% of the energy consumed by household appliances is used by electric motors, highlighting their critical role in energy efficiency efforts.” — U.S. Department of Energy

Segmental Market Size

The global electric motors household appliances market is expected to see steady growth, driven by an increase in the demand for energy-efficient and environment-friendly appliances. The growth of this market is primarily attributed to a rise in consumer awareness of sustainable practices, government regulations promoting energy-efficiency, and technological advancements in motors that enhance performance and reduce energy consumption. In order to meet these demands, companies like Bosch and Whirlpool are increasingly integrating electric motors into their latest appliances. The market is currently in the mature adoption stage, with electric motors being used in most household appliances, such as refrigerators, washing machines, and HVACs. In terms of regions, North America and Europe are the most notable for their high adoption of electric motors in household appliances. The growing trend towards sustainable initiatives, such as government regulations promoting energy-efficiency, is further expected to boost the market’s growth. However, the evolution of the market is being driven by technological advancements, such as brushless DC motors and Internet of Things (IoT) integration, which have led to smarter, more efficient appliances that meet the needs of the modern consumer.

Future Outlook

The electric household appliances market is expected to grow significantly from 2024 to 2032, with a CAGR of 4.6% from $2,073 to $3,657. The reason is that consumers are increasingly demanding energy-saving appliances, and the awareness of sustainable development and energy conservation are growing. This will also increase the penetration of electric motors in appliances such as refrigerators, washing machines and air conditioning. In 2032, the proportion of electric motors in household appliances is expected to reach nearly 70%, compared to about 55% in 2024. This is a significant shift from household appliances to electrification. The main driving force is the development of brushless DC motors and smart motor control systems. These innovations not only improve the energy efficiency of appliances, but also increase their performance and service life. In addition, the promotion of energy-saving technology and the reduction of greenhouse gas emissions by the government will play an important role in shaping the market. In the meantime, manufacturers are also increasing their investment in research and development to meet the requirements of the government and consumers. The development of electric household appliances is expected to be characterized by innovation, energy conservation, and enhanced usability.