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Summary of our market study
French electric motor market valued at over €4 billion
The global market for electric motors has seen significant fluctuations, notably due to the impact of the COVID-19 pandemic. In 2020, the market contracted by 9.6%, but is expected to rebound with a compound annual growth rate of 7% between 2021 and 2028, with an expected market value of 181.89 billion USD by 2028.
The French market rebounded by 9% in 2021, returning to pre-pandemic levels.
The main drivers of market growth are the rapid expansion of the electric vehicle sector, the widespread use of urban electric mobility devices, scooters and scooters.lectric mobility devices, scooters and electric bikes and scooters, and the growing demand for energy-efficient electric motors in the industrial and retirement sectors.
The market is moving towards integrated rather than stand-alone motor solutions
The sector is facing regulatory changes, with the introduction of stricter efficiency standards (IE3 or IE4)
Major companies such as Siemens, ABB and Schneider Electric dominate the market, and the transition to electric vehicles is opening up opportunities for new entrants.
Key players in the electric motor market
- Siemens is a giant in the electrical equipment sector.
- ABB, another industry heavyweight
- Schneider Electric is a major name in the sector, both in France and worldwide.
- Nidec Motor Corporation
- Sew Eurodrive
- ATB
- Thales and Parker Hannifin manufacturer of industrial components and systems
- Kohler
- Jeumont
- All carmakers are positioning themselves in the market
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Summary and extracts
1 Market overview
1.1 Market definition and delimitation
An electric motor is a machine that converts electrical energy into mechanical energy, as opposed to a heat engine that transforms thermal energy obtained during a combustion process. This electric motor is less polluting than the thermal engine during its operation by a reduced emission of polluting gases, but the process of its manufacture remains today very polluting in itself.
An electric motor can be powered in two different ways:
- Thanks to an alternating current: electric influx which circulates in a direction then in another. It requires an alternator whose turbine will create current to produce electricity
- Direct current: flows in one direction only, from the positive pole to the negative, and is produced by a generator such as a battery or a cell. To integrate this production into the distribution network, an inverter is used to transform the direct current into alternating current.
The main markets for electric motors are industry, transmission and distribution networks and power generation. The automotive sector is a particularly strong market, especially since the market for electric vehicles has been growing quickly in recent years. The global market for electric motors is worth more than 100 billion euros and its annual growth rate is estimated at 7% between 2021 and 2028.
French production has been fairly stable since the 2010s, with a few years marked by a negative growth rate. The French production market faces competition from foreign players, but the know-how and quality of the French industry gives the country a privileged position in the global market. In 2020, the sector was strongly affected by the coronavirus crisis, with sales falling by 10.4% that year. However, the recovery is estimated at 9.0% for 2021.
List of charts presented in this market study
- Evolution of the electric motors market sales
- The different types of electric motors in the industry
- Evolution of the turnover of the activity related to the NAF code 27.11Z
- Breakdown of production in value by product category
- French imports and exports of electric motors and generators
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Latest news
Schneider Electric has had the best year in its history - 16/02/2024
- Net profit: 4 billion euros.
- Sales: 36 billion euros.
- Revenue growth: 13%.
- Order book for 2024: over 19 billion euros.
- Market share in electrical infrastructure for data centers: 21% in 2023.
- Hiring planned as part of this R&D investment: 6,000 people.
- Sales in the United States: over €10 billion.
- Schneider market capitalization: over 100 billion euros.
Tesla: green light from China for Elon Musk's giant battery factory - 22/12/2023
- Tesla has signed an agreement to acquire land on the outskirts of Shanghai to build a giant battery factory.
- This is their second factory in China's economic capital, the first being an automotive gigafactory installed in 2019.
- Construction of the battery plant is due to start in the early months of 2024, with commissioning scheduled for the end of next year.
- It is to have a production capacity of 10,000 batteries a year.
- The "Megapacks" business accounted for just 5% of Tesla's sales at the start of 2023, but recorded a 40% increase in sales in 2022, reaching $3.9 billion.
- Tesla installed Megapack batteries totaling 6.5 gigawatt-hours in 2021
- China asserts itself as world leader in renewable energies
Schneider Electric returns to the exclusive club of companies worth over 100 billion euros - 12/12/2023
- Schneider Electric has a market capitalization of over 100 billion euros.
- Schneider Electric forecasts annual sales growth of 7% to 10% between 2023 and 2027.
BMW to sell its cars without dealerships - 30/10/2023
- The BMW Group has obtained the agreement of its entire European network to convert its dealerships to agent status.
- The new model will be rolled out gradually, starting with the Mini brand in 2024 and then BMW from 2026.
- The change of contract concerns 36 investors in France, who own a total of 152 BMW outlets and 122 Mini outlets.
- From now on, the manufacturer will have to carry the stock and control prices, which will be identical throughout the country.
- Other competitors such as Renault, Toyota and Hyundai-Kia have opted to retain the current system.
Consulting, Schneider's new driving force - 28/07/2023
- Schneider Electric aims to grow its consulting business to sales in excess of one billion euros
Schneider Electric relocates part of its profiling business to the Bas-Rhin region of France - 21/07/2023
- Launch of new electrical cabinet range: October 1st
- Annual production capacity: 80,000 cabinets
- Some thirty Schneider Electric plants worldwide
- Schneider Electric sales in 2022: 34.2 billion euros
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the electric motor market | France
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