Electric Motor MarketSize, Share & Industry Analysis, 2026-2034By Motor TypeBy Power OutputBy ApplicationBy Distribution ChannelBy Voltage
Full title & scope — all 5 axes with their segments
Electric Motor Market Size, Share & Industry Analysis, By Motor Type (AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor, Brushed DC Motor, Brushless DC Motor, Hermetic Motor), By Power Output (Integral HP Output, Fractional HP Output), By Application (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliance, Others), By Distribution Channel (OEM, Aftermarket), By Voltage (Low Voltage, Medium Voltage, High Voltage), and Regional Forecast, 2026-2034
How the estimates were built: data sources, modelling approach and validation steps.
- 01By Motor TypeAC Motor · Synchronous AC Motor · Induction AC Motor
- 02By Power OutputIntegral HP Output · Fractional HP Output
- 03By ApplicationIndustrial Machinery · Motor Vehicles · HVAC Equipment
- 04By Distribution ChannelOEM · Aftermarket
- 05By VoltageLow Voltage · Medium Voltage · High Voltage
- 06By Region
Market Analysis & Outlook
Electric motors convert electrical energy into mechanical rotational or linear motion, sold across AC and DC types (synchronous, induction, brushed, brushless and hermetically sealed) and across horsepower and voltage bands, supplied either as standalone units or integrated into equipment such as pumps, compressors, HVAC systems, appliances and vehicle drivetrains. Buyers span original equipment manufacturers in industrial machinery, automotive, aerospace and household appliance sectors, alongside maintenance and repair buyers replacing motors in existing installed equipment.
Growth of 6.82% a year carries the global electric motor market from USD 164.8 billion in 2025 to USD 299.9 billion in 2034. The full series behind that rate covers USD 118 billion in 2020, USD 156.6 billion in 2024, USD 176.9 billion in 2026 and USD 231.9 billion in 2030, with 2025 as the base year.
On the motor type axis, growth rates run from 2.59% for Brushed DC Motor up to 10.18% for Brushless DC Motor. Induction AC Motor carries the volume: USD 49.44 billion and 30% of revenue in 2025, USD 82.47 billion and 27.5% in 2034. Brushless DC Motor and Hermetic Motor take share over the period; AC Motor, Synchronous AC Motor, Induction AC Motor, DC Motor and Brushed DC Motor give it up while still growing in absolute terms.
The power output split puts Integral HP Output first, at USD 112.06 billion and 68% of revenue in 2025, rising to USD 197.93 billion and 66% in 2034. Fractional HP Output grows faster at 7.6% against 6.53%, moving from 32% of revenue to 34% by 2034. It cuts the same total as the motor type axis from a different commercial angle, so revenue does not add across the two.
The regional order runs from Asia Pacific at 43.4% of 2025 revenue down to Middle East and Africa at 6%. Asia Pacific is worth USD 71.52 billion in 2025 and USD 143.96 billion in 2034; North America, second at 22.6%, moves from USD 37.24 billion to USD 59.98 billion. Because Asia Pacific and Latin America take share, the revenue added by 2034 concentrates rather than spreading across all five regions.
Coverage extends to five regions, seven motor type lines and five segmentation axes over the full fifteen years. The 2025 total itself is arrived at by triangulating published aggregates against category proxies, not by an independent count, and the splits below are estimated on that same basis, a bound on their precision worth carrying into any use of them.
Market Size, 2020–2034
USD BillionRevenue in USD Billion. Values up to 2025 are actuals; 2026–2034 are forecast.
Key Takeaways
- A forecast-period rate of 6.82% takes the market from USD 164.8 billion in 2025 to USD 299.9 billion in 2034, against 6.91% recorded over the 2020-2025 historical period.
- Induction AC Motor is the largest motor type line at USD 49.44 billion in 2025, a 30% share, reaching USD 82.47 billion and 27.5% of revenue by 2034.
- Brushless DC Motor is the fastest-growing line at 10.18%, lifting its share from 26% in 2025 to 34.5% in 2034 and its revenue from USD 42.85 billion to USD 103.47 billion.
- Scenario range for 2034 runs from USD 269.91 billion in the bear case to USD 341.89 billion in the bull case, against a base-case USD 299.9 billion, the spread a plan built on this forecast has to absorb.
- The largest region is Asia Pacific, generating USD 71.52 billion in 2025 (43.4% of the global total) and USD 143.96 billion by 2034, ahead of North America at 22.6%.
- Within Asia Pacific, China is the worked country example, at USD 34.33 billion in 2025; 48% of regional revenue in the base year, and USD 66.22 billion by 2034.
- Every line on all five segmentation axes and in each of the five regions carries its own revenue, share and growth rate for all fifteen years, 2020 through 2034, on a 2025 base.
Market Trends
Revenue Share, By by motor type
Base year 2025Induction AC Motor leads with 30.0% of by motor type segment revenue.
Share of by motor type segment revenue, most recent base year. The 1 smallest segments are grouped as Other.
The global electric motor market is shaped over 2026-2034 by three measurable movements: a change in the motor type mix, a shift in where revenue sits geographically, and the 6.82% rate carrying the total.
The direction of the market is not in question in any of the three. Each line and each region grows in revenue terms; the question is which takes the larger part of the growth.
Brushless DC Motor grows at more than twice the pace of Brushed DC Motor. 10.18% against 2.59%: that gap, between Brushless DC Motor and Brushed DC Motor, is the largest on the motor type axis. By 2034 the two sit at 34.5% and 7% of revenue, against 26% and 10% in 2025. Neither contracts: USD 42.85 billion becomes USD 103.47 billion, USD 16.48 billion becomes USD 20.99 billion. What the spread decides is which of them a supplier's revenue is exposed to.
Growth concentrates in Asia Pacific and Latin America. Asia Pacific moves from 43.4% of revenue in 2025 to 48% in 2034, worth USD 71.52 billion rising to USD 143.96 billion; Latin America moves from 7.4% of revenue in 2025 to 8% in 2034, worth USD 12.2 billion rising to USD 23.99 billion. The offsetting side is North America at 22.6% moving to 20%, Europe at 20.6% moving to 18%, Middle East and Africa at 6% moving to 6%, none of which contracts. That makes the regional split worth reading rather than scaling from the global rate: the same market rate produces different outcomes depending on where a supplier's revenue sits.
The series never breaks trajectory. Fifteen years of revenue run USD 118 billion in 2020, USD 156.6 billion in 2024, USD 164.8 billion in 2025, USD 176.9 billion in 2026, USD 231.9 billion in 2030 and USD 299.9 billion in 2034. The forecast rate of 6.82% sits against 6.91% over the historical period, so the projection extends an observed trend instead of proposing a new one. For a participant that makes planning a question of capturing a share of steady expansion rather than timing a discontinuity, and it is why the motor type and regional mixes matter more to a forecast than the headline rate does.
Market Growth Factors
Brushless DC Motor carries the market's growth rate
Market Drivers
3- 01Brushless DC Motor carries the market's growth rate
10.18% growth in Brushless DC Motor, against 6.82% for the market as a whole, moves it from USD 42.85 billion and 26% of revenue in 2025 to USD 103.47 billion and 34.5% in 2034. Set against 2.59% at the other end of the axis, this is the line that decides whether the market's 6.82% holds. Exposure to this line, rather than exposure to the market, is what determines a supplier's own rate.
- 02Regional weight, not regional count
The largest regional base is Asia Pacific: USD 71.52 billion in 2025 at 43.4% of the global total, USD 143.96 billion by 2034 and 48%. Behind it, North America holds 22.6%; USD 37.24 billion rising to USD 59.98 billion. Between them they hold most of the base and most of the revenue added over the period, so equal-weighting the regions in a plan misstates where the growth is.
- 03A demonstrated trajectory, not a projected turnaround
USD 118 billion in 2020, USD 156.6 billion in 2024 and USD 164.8 billion in 2025: 6.91% compound growth before the forecast period even begins. The forecast period then runs at 6.82%, ending 2034 at USD 299.9 billion. A forecast extending an observed trend is a different proposition from one proposing a turn, and that is why no ramp is applied: the 6.82% runs evenly across the period.
Growth drivers
| # | Growth driver | Impact | Gross contribution (Billion) | 2026-28 | 2029-31 | 2032-34 |
|---|---|---|---|---|---|---|
| 1 | Vehicle electrification driving traction and auxiliary motor demand | High | +42 | High | High | High |
| 2 | Industrial automation and factory electrification expanding motor installations | High | +34 | High | High | Medium |
| 3 | Efficiency mandates accelerating replacement of legacy motors | Medium-High | +22 | Medium | High | Medium |
| 4 | Rising appliance and consumer electronics output in emerging economies | Medium | +16 | Medium | Medium | Medium |
| 5 | Renewable energy and grid infrastructure buildout adding motor-driven equipment | Medium | +14 | Medium | Medium | High |
| 6 | Others | Low | +12 | Low | Low | Low |
| Total | +140 | |||||
Restraints
| # | Restraint | Impact | Estimated reduction (Billion) | 2026-28 | 2029-31 | 2032-34 |
|---|---|---|---|---|---|---|
| 1 | Copper and magnet material cost volatility | Medium-High | −3 | Medium | Medium | Low |
| 2 | Price competition from low-cost regional manufacturers | Medium | −1.9 | Low | Medium | Medium |
| Total | −4.9 | |||||
Drivers contribute 140 Billion and restraints remove 4.9 Billion, a net 135.1 Billion, which is the revenue the market adds between the base year and 2034. Contributions are CDI estimates, apportioned so that they reconcile with the forecast rather than being read from it.
Separate the 6.82% into its parts and three show up: an already-large base compounding, the motor type mix moving toward its faster lines, and regional growth landing unevenly.
Restraining Factors
The bear case and what drives it
Market Restraints
2- 01The bear case and what drives it
Assumes slower industrial capital spending growth, delayed efficiency-mandate enforcement, and continued elevated copper and magnet input costs that compress manufacturer margins and slow unit volume growth. On that assumption 2034 revenue lands at USD 269.91 billion rather than the USD 299.9 billion base case, from the same USD 164.8 billion 2025 starting point.
- 02Induction AC Motor grows below the market rate
With 30% of 2025 revenue (USD 49.44 billion) Induction AC Motor is where most of the market sits, and it grows at only 5.79% against the market's 6.82%. Revenue still reaches USD 82.47 billion by 2034 and share still falls to 27.5%: a drag on the average rather than a decline.
Market Opportunities
What the bull case turns on
Market Opportunities
2- 01What the bull case turns on
The upside path assumes assumes a faster-than-contracted electrified-vehicle production ramp and accelerated efficiency-mandate replacement of legacy motors across industrial and building segments, pulling forward both unit demand and average selling prices. It ends 2034 at USD 341.89 billion against a USD 299.9 billion base case, off the same USD 164.8 billion base year.
- 02Brushless DC Motor share moves from 26% to 34.5%
Brushless DC Motor grows at 10.18% against 6.82% for the market, adding revenue from USD 42.85 billion in 2025 to USD 103.47 billion in 2034 and taking its share from 26% to 34.5%. It is the place on this axis where share changes hands at scale, so it is where an entrant can take position without displacing the incumbent in Induction AC Motor.
Market Challenges
The total depends on a single line
Market Challenges
2- 01The total depends on a single line
Induction AC Motor is 30% of 2025 revenue at USD 49.44 billion and still 27.5% at USD 82.47 billion in 2034. Anything that changes demand for it changes the headline number; nothing else on the axis carries that weight.
- 02Single-country exposure in Asia Pacific
Asia Pacific is worth USD 71.52 billion in 2025 and USD 34.33 billion of that is China; 48% of the region, reaching USD 66.22 billion in 2034. The consequence is that regional risk here is really country risk wearing a larger label.
Segmentation Analysis
5 axesSegmentation runs along five axes: motor type, power output, application, distribution channel and voltage. They are alternative readings of one revenue pool, not parts that sum to it.
There are seven lines on the motor type axis, and all of them grow in revenue between 2025 and 2034. What separates them is share: two gain it, the rest give it up.
By Motor Type · 7 segments
By Motor Type
- Largest Induction AC Motor · 30%
- Fastest Brushless DC Motor · 10.2%
- Moves most Brushless DC Motor · +8.5 pts
- Order by 2034 changes
| Segment | 2025 | Share | 2034 | Share | CAGR |
|---|---|---|---|---|---|
| AC Motor | $13.18B | 8% | $19.49B | 6.5%-1.5 | 4.4% |
| Synchronous AC Motor | $23.07B | 14% | $40.49B | 13.5%-0.5 | 6.4% |
| Induction AC Motor | $49.44B | 30% | $82.47B | 27.5%-2.5 | 5.8% |
| DC Motor | $9.89B | 6% | $13.50B | 4.5%-1.5 | 3.4% |
| Brushed DC Motor | $16.48B | 10% | $20.99B | 7%-3 | 2.6% |
| Brushless DC Motor | $42.85B | 26% | $103B | 34.5%+8.5 | 10.2% |
| Hermetic Motor | $9.89B | 6% | $19.49B | 6.5%+0.5 | 7.8% |
2025 to 2034 revenue and share by line: Induction AC Motor USD 49.44 billion to USD 82.47 billion (30% to 27.5%), Brushless DC Motor USD 42.85 billion to USD 103.47 billion (26% to 34.5%), Synchronous AC Motor USD 23.07 billion to USD 40.49 billion (14% to 13.5%), Brushed DC Motor USD 16.48 billion to USD 20.99 billion (10% to 7%), AC Motor USD 13.18 billion to USD 19.49 billion (8% to 6.5%), DC Motor USD 9.89 billion to USD 13.5 billion (6% to 4.5%), Hermetic Motor USD 9.89 billion to USD 19.49 billion (6% to 6.5%). Brushless DC Motor Outpaces the Axis While Induction AC Motor Holds the Largest Share Induction AC motors lead because they remain the default choice across industrial pumps, fans and compressors for their durability and low maintenance needs. Brushless DC motors are the fastest growing line as automakers and appliance makers switch from brushed and induction designs to capture the efficiency and precise speed control brushless motors offer in electrified and battery powered applications. Leadership changes hands: Brushless DC Motor is the largest line by 2034, not Induction AC Motor. This is the axis the estimation prices in full, year by year, and the one the regional chapters cut against.
By Power Output · 2 segments
Scale in Integral HP Output and Growth in Fractional HP Output Define the Power output Axis
- Largest Integral HP Output · 68%
- Fastest Fractional HP Output · 7.6%
- Moves most Integral HP Output · -2 pts
- Order by 2034 unchanged
| Segment | 2025 | Share | 2034 | Share | CAGR |
|---|---|---|---|---|---|
| Integral HP Output | $112B | 68% | $198B | 66%-2 | 6.5% |
| Fractional HP Output | $52.74B | 32% | $102B | 34%+2 | 7.6% |
Integral horsepower motors lead because most industrial machinery, pumps and compressors used in heavy manufacturing and processing require power output above the fractional threshold. Fractional horsepower motors are growing faster as household appliances, automotive actuators and small HVAC components proliferate, each needing compact, lower powered motors rather than the larger units industrial equipment demands. Fractional HP Output outgrows every other line on this axis, narrowing the gap to Integral HP Output. The order does not change: Integral HP Output is still largest in 2034, and what moves is how much it holds.
By Application · 6 segments
Motor Vehicles Outpaces the Axis While Industrial Machinery Holds the Largest Share
- Largest Industrial Machinery · 34%
- Fastest Motor Vehicles · 8.6%
- Moves most Motor Vehicles · +4 pts
- Order by 2034 unchanged
| Segment | 2025 | Share | 2034 | Share | CAGR |
|---|---|---|---|---|---|
| Industrial Machinery | $56.03B | 34% | $95.97B | 32%-2 | 6.2% |
| Motor Vehicles | $42.85B | 26% | $89.97B | 30%+4 | 8.6% |
| HVAC Equipment | $26.37B | 16% | $44.98B | 15%-1 | 6.1% |
| Aerospace & Transportation | $9.89B | 6% | $19.49B | 6.5%+0.5 | 7.8% |
| Household Appliance | $23.07B | 14% | $37.49B | 12.5%-1.5 | 5.5% |
| Others | $6.59B | 4% | $12B | 4% | 6.9% |
Industrial machinery leads because motors are a core component of pumps, compressors, conveyors and processing equipment installed across manufacturing plants worldwide. Motor vehicles is the fastest growing application as automakers add traction, auxiliary and actuator motors to electrified vehicle platforms, a shift that is adding motor content per vehicle faster than any other application is adding motor demand. The order does not change: Industrial Machinery is still largest in 2034, and what moves is how much it holds.
By Distribution Channel · 2 segments
OEM Held the Dominant Share of the Distribution channel Segment in 2025
- Largest OEM · 78%
- Fastest Aftermarket · 7.9%
- Moves most OEM · -2 pts
- Order by 2034 unchanged
| Segment | 2025 | Share | 2034 | Share | CAGR |
|---|---|---|---|---|---|
| OEM | $129B | 78% | $228B | 76%-2 | 6.6% |
| Aftermarket | $36.26B | 22% | $71.98B | 24%+2 | 7.9% |
OEM sales lead because most motors are specified and installed directly into new equipment by machinery, vehicle and appliance manufacturers rather than purchased separately. The aftermarket channel is growing faster as the large installed base of motors placed in prior years reaches the age where repair and replacement purchases, rather than new equipment builds, increasingly drive demand. The fastest line is Aftermarket, which is why the split shifts toward it over the period. The order does not change: OEM is still largest in 2034, and what moves is how much it holds.
By Voltage · 3 segments
Medium Voltage Outpaces the Axis While Low Voltage Holds the Largest Share
- Largest Low Voltage · 72%
- Fastest Medium Voltage · 8.2%
- Moves most Low Voltage · -3 pts
- Order by 2034 unchanged
| Segment | 2025 | Share | 2034 | Share | CAGR |
|---|---|---|---|---|---|
| Low Voltage | $119B | 72% | $207B | 69%-3 | 6.4% |
| Medium Voltage | $36.26B | 22% | $73.48B | 24.5%+2.5 | 8.2% |
| High Voltage | $9.89B | 6% | $19.49B | 6.5%+0.5 | 7.8% |
Low voltage motors lead because the vast majority of industrial, commercial and consumer equipment operates on standard low voltage electrical supply. Medium voltage motors are growing fastest as utilities and large industrial users expand pumping, compression and processing capacity that calls for higher power output than a low voltage motor can efficiently deliver. The order does not change: Low Voltage is still largest in 2034, and what moves is how much it holds.
Regional Insights
Regional Revenue Share
Base year 2025Share of global revenue in the base year.
Only the leading region's share is published outside the report; pins mark the region, not a specific country.
North America Market Analysis
The 2nd-largest region covered — 2.6 points of share move elsewhere by 2034, while revenue still grows 1.6×.
- Rank 2 of 5
- 2025 share 22.6%
- By 2034 20%
- Revenue $37.24B → $59.98B
In North America, 22.6% of global revenue puts 2025 at USD 37.24 billion with USD 59.98 billion projected for 2034. Among the five regions it ranks second by revenue in both years.
By 2034 the share stands at 20%, while nothing contracts here; other regions simply grow faster, which shows up as relative weight rather than as falling revenue.
Induction AC Motor leads here as it does globally, at 30% of 2025 revenue, and Brushless DC Motor again grows fastest at 10.18%. North America is reported axis by axis and country by country in the full study.
United States
Sets the pace for North America at 78% of it, growing 1.6×.
- In region 1 of 3
- Of region 78%
- Of global 17.6%
- Revenue $29.04B → $45.58B
USD 29.04 billion of North America's 2025 revenue is generated in the United States, the region's largest market, reaching USD 45.58 billion by 2034. 77.98% of the region in 2025 means the regional figures are, in practice, a view of this market with others attached. The region itself runs USD 37.24 billion to USD 59.98 billion over the same period, and this is the market carrying the country-level detail in the full report.
Composition here matches the global split: the largest line is Induction AC Motor at 30% of 2025 revenue, easing to 27.5% by 2034, and the fastest is Brushless DC Motor at 10.18%, from 26% to 34.5%. Because the country carries 77.98% of North America, a movement in its own mix shows up in the regional totals rather than being averaged away by neighbouring markets. The full report reports the United States by motor type separately.
Electric motors sold in the United States fall under the Department of Energy's energy conservation program, which sets minimum efficiency levels for covered motor types and requires manufacturers to certify compliance and register qualifying models before they can be marketed. Testing must follow the relevant Institute of Electrical and Electronics Engineers and National Electrical Manufacturers Association methods, and nameplate labelling must state efficiency and performance ratings so buyers and inspectors can verify conformity. Products intended for hazardous, commercial, or industrial installations typically also require Underwriters Laboratories or equivalent nationally recognized testing laboratory listing before they can be installed or sold through mainstream distribution channels in the country.
Competition in the United States runs between the suppliers this study tracks: Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co.. Induction AC Motor, at 30% of 2025 revenue, is where the volume sits, and Brushless DC Motor, growing at 10.18%, is where position changes hands over the forecast period. Country-level shares and positioning per company sit in the full report.
Canada
2nd-largest in North America, growing 1.6×.
- In region 2 of 3
- Of region 13.5%
- Of global 3%
- Revenue $5.03B → $8.10B
3.05% of global revenue is generated in Canada; USD 5.03 billion in 2025, reaching USD 8.1 billion in 2034, and 13.51% of North America.
Mexico
3rd-largest in North America, growing 2.0×.
- In region 3 of 3
- Of region 8.5%
- Of global 1.9%
- Revenue $3.17B → $6.30B
Mexico is sized at USD 3.17 billion in 2025, rising to USD 6.3 billion by 2034; 1.92% of global revenue and 8.51% of North America. It is reported separately from the United States across every segmentation axis in the full report.
Europe Market Analysis
The 3rd-largest region covered — 2.6 points of share move elsewhere by 2034.
- Rank 3 of 5
- 2025 share 20.6%
- By 2034 18%
- Revenue $33.95B → $53.98B
Europe holds 20.6% of the global electric motor market in 2025, worth USD 33.95 billion and reaches USD 53.98 billion by 2034. That makes it the third-largest region covered, in 2025 and again in 2034.
Its share moves to 18% by 2034, though revenue still rises throughout; what changes is the region's weight against faster-growing ones, which is not the same as weakening demand.
Induction AC Motor leads here as it does globally, at 30% of 2025 revenue, and Brushless DC Motor again grows fastest at 10.18%. Europe is reported axis by axis and country by country in the full study.
Germany
The largest market in Europe, growing 1.5×.
- In region 1 of 3
- Of region 30%
- Of global 6.2%
- Revenue $10.19B → $15.65B
The largest single market in Europe is Germany, at USD 10.19 billion in 2025 and USD 15.65 billion in 2034. At 30.01% of the region in 2025 it leads, but a majority of Europe's revenue is generated in other markets. Regional revenue of USD 33.95 billion in 2025 and USD 53.98 billion in 2034 sits around it, and it is the country used wherever the full report cuts a figure by geography.
The motor type pattern in Germany is the global one: 30% of 2025 revenue in Induction AC Motor, 27.5% by 2034, against 10.18% growth in Brushless DC Motor taking it from 26% to 34.5%. Because the country carries 30.01% of Europe, a movement in its own mix shows up in the regional totals rather than being averaged away by neighbouring markets. Germany carries its own motor type breakdown in the full report.
As a European Union member state, Germany applies the EU Ecodesign framework for energy-related products, which sets minimum efficiency requirements for electric motors and obliges manufacturers to conduct conformity assessment before affixing the CE mark. Motors must be tested against the harmonized standards published under the Ecodesign framework, and technical documentation demonstrating compliance must be maintained and made available to market surveillance authorities. Labelling must disclose efficiency class and rated performance data. National enforcement sits with Germany's market surveillance bodies, while broader electrical safety obligations are addressed through the Low Voltage Directive, requiring manufacturers to self-declare conformity or engage a notified body where required.
In Germany the field is Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co.. Induction AC Motor, at 30% of 2025 revenue, is where the volume sits, and Brushless DC Motor, growing at 10.18%, is where position changes hands over the forecast period.
Italy
2nd-largest in Europe, growing 1.5×.
- In region 2 of 3
- Of region 15%
- Of global 3.1%
- Revenue $5.09B → $7.83B
Within Europe, Italy accounts for 14.99% of regional revenue and 3.09% of the global total, worth USD 5.09 billion in 2025 and USD 7.83 billion by 2034.
France
3rd-largest in Europe, growing 1.6×.
- In region 3 of 3
- Of region 13%
- Of global 2.7%
- Revenue $4.41B → $7.02B
Within Europe, France accounts for 12.99% of regional revenue and 2.68% of the global total, worth USD 4.41 billion in 2025 and USD 7.02 billion by 2034.
Asia Pacific Market Analysis
The largest region covered, and the one gaining the most — it picks up 4.6 points of share by 2034, while revenue still grows 2.0×.
- Rank 1 of 5
- 2025 share 43.4%
- By 2034 48%
- Revenue $71.52B → $144B
Asia Pacific holds 43.4% of the global electric motor market in 2025, worth USD 71.52 billion and reaches USD 143.96 billion by 2034. It is a dominant region on this axis, first by revenue throughout the period.
Share climbs to 48% by 2034, at a pace above the 6.82% global rate, which is what makes this region worth reading separately rather than scaling from the total.
Segment composition follows the global pattern: Induction AC Motor largest at 30% of 2025 revenue, Brushless DC Motor fastest at 10.18%. Per-axis and per-country detail for Asia Pacific sits in the full report.
China
The largest market in Asia Pacific, growing 1.9×.
- In region 1 of 3
- Of region 48%
- Of global 20.8%
- Revenue $34.33B → $66.22B
The largest single market in Asia Pacific is China, at USD 34.33 billion in 2025 and USD 66.22 billion in 2034. Its 48% of base-year regional revenue leads the region, though enough sits elsewhere that Asia Pacific is not a proxy for it. Set against USD 71.52 billion and USD 143.96 billion for the region, it is why this market rather than a smaller one is the one reported in full.
The motor type pattern in China is the global one: 30% of 2025 revenue in Induction AC Motor, 27.5% by 2034, against 10.18% growth in Brushless DC Motor taking it from 26% to 34.5%. With 48% of Asia Pacific concentrated here, a change in this country's mix is visible in the regional figures instead of being diluted by its neighbours. The full report reports China by motor type separately.
Electric motors supplied in China are subject to the China Compulsory Certification scheme administered under the State Administration for Market Regulation, which requires manufacturers to test products against applicable national GB standards, obtain certification, and affix the CCC mark before goods can be sold or imported. Minimum energy efficiency requirements are enforced through mandatory national standards covering motor performance grades, and non-conforming products can be barred from market entry. Manufacturers must maintain factory inspection readiness, as certification bodies conduct periodic audits of production consistency. Labelling must clearly state efficiency grade and rated technical parameters to support both regulatory verification and downstream industrial procurement requirements.
Competition in China runs between the suppliers this study tracks: Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co.. Volume sits in Induction AC Motor at 30% of 2025 revenue; movement sits in Brushless DC Motor at 10.18% growth.
Japan
2nd-largest in Asia Pacific, growing 1.7×.
- In region 2 of 3
- Of region 18%
- Of global 7.8%
- Revenue $12.87B → $21.59B
7.81% of global revenue is generated in Japan; USD 12.87 billion in 2025, reaching USD 21.59 billion in 2034, and 18% of Asia Pacific.
India
3rd-largest in Asia Pacific, growing 2.7×.
- In region 3 of 3
- Of region 12%
- Of global 5.2%
- Revenue $8.58B → $23.03B
5.21% of global revenue is generated in India; USD 8.58 billion in 2025, reaching USD 23.03 billion in 2034, and 12% of Asia Pacific.
Latin America Market Analysis
The 4th-largest region covered — it picks up 0.6 points of share by 2034, while revenue still grows 2.0×.
- Rank 4 of 5
- 2025 share 7.4%
- By 2034 8%
- Revenue $12.20B → $23.99B
Latin America holds 7.4% of the global electric motor market in 2025, worth USD 12.2 billion with USD 23.99 billion projected for 2034. By revenue it sits fourth across the study, and the ranking does not change between 2025 and 2034.
8% of global revenue sits here by 2034, up from the 2025 level, on growth above the market's own 6.82%, and with a bigger contribution to the revenue added over the period than the base-year figure suggests.
Segment composition follows the global pattern: Induction AC Motor largest at 30% of 2025 revenue, Brushless DC Motor fastest at 10.18%. Revenue for Latin America is broken out by every segmentation axis and by country in the full report.
Brazil
The largest market in Latin America, growing 1.9×.
- In region 1 of 2
- Of region 55%
- Of global 4.1%
- Revenue $6.71B → $12.95B
55% of Latin America's base-year revenue comes from Brazil; USD 6.71 billion, rising to USD 12.95 billion by 2034. 55% of the region in the base year makes it the largest market here without making it the region. Against regional totals of USD 12.2 billion in 2025 and USD 23.99 billion in 2034, it is the country the full report breaks out in detail.
The motor type pattern in Brazil is the global one: 30% of 2025 revenue in Induction AC Motor, 27.5% by 2034, against 10.18% growth in Brushless DC Motor taking it from 26% to 34.5%. Because the country carries 55% of Latin America, a movement in its own mix shows up in the regional totals rather than being averaged away by neighbouring markets. Per-motor type revenue for Brazil appears on its own in the full report.
In Brazil, electric motors are regulated through the National Institute of Metrology, Quality and Technology, known as INMETRO, which mandates conformity assessment and certification against applicable Brazilian technical association standards before a motor can be marketed domestically. Covered motor categories are also subject to the Procel Selo energy efficiency labelling program, which classifies products by performance tier and requires manufacturers to display the corresponding label on qualifying units. Suppliers must undergo accredited laboratory testing and maintain certification through periodic surveillance audits. Import and distribution channels require proof of INMETRO certification, making conformity a precondition for lawful sale rather than a voluntary quality signal.
In Brazil the field is Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co.. Two different problems sit on the same axis: holding Induction AC Motor at 30% of 2025 revenue, and taking Brushless DC Motor while it grows at 10.18%.
Argentina
2nd-largest in Latin America, growing 2.0×.
- In region 2 of 2
- Of region 15%
- Of global 1.1%
- Revenue $1.83B → $3.60B
Within Latin America, Argentina accounts for 15% of regional revenue and 1.11% of the global total, worth USD 1.83 billion in 2025 and USD 3.6 billion by 2034.
Middle East and Africa Market Analysis
The 5th-largest region covered, holding its share flat through 2034, while revenue still grows 1.8×.
- Rank 5 of 5
- 2025 share 6%
- By 2034 6%
- Revenue $9.89B → $17.99B
In Middle East and Africa, 6% of global revenue puts 2025 at USD 9.89 billion rising to USD 17.99 billion in 2034. By revenue it sits fifth across the study, and the ranking does not change between 2025 and 2034.
By 2034 the share stands at 6%, though revenue still rises throughout; what changes is the region's weight against faster-growing ones, which is not the same as weakening demand.
Within the region the motor type split tracks the global one; 30% of 2025 revenue in Induction AC Motor, fastest growth of 10.18% in Brushless DC Motor. Per-axis and per-country detail for Middle East and Africa sits in the full report.
Saudi Arabia
The largest market in Middle East and Africa, growing 1.9×.
- In region 1 of 2
- Of region 28%
- Of global 1.7%
- Revenue $2.77B → $5.40B
USD 2.77 billion of Middle East and Africa's 2025 revenue is generated in Saudi Arabia, the region's largest market, reaching USD 5.4 billion by 2034. Its 28.01% of base-year regional revenue leads the region, though enough sits elsewhere that Middle East and Africa is not a proxy for it. Regional revenue of USD 9.89 billion in 2025 and USD 17.99 billion in 2034 sits around it, and it is the country used wherever the full report cuts a figure by geography.
Saudi Arabia buys along the same lines as the market globally; Induction AC Motor first at 30% of 2025 revenue and 27.5% in 2034, Brushless DC Motor fastest at 10.18% on a share moving from 26% to 34.5%. With 28.01% of Middle East and Africa concentrated here, a change in this country's mix is visible in the regional figures instead of being diluted by its neighbours. Revenue by motor type for Saudi Arabia is reported separately in the full report.
Electric motors entering the Saudi market fall under the Saudi Standards, Metrology and Quality Organization, known as SASO, which requires products to be registered and certified through the SABER conformity platform before customs clearance and sale are permitted. Manufacturers or their authorized representatives must obtain a product certificate and shipment certificate demonstrating conformity with applicable technical regulations, which draw on Gulf Standardization Organization requirements shared across the wider Gulf Cooperation Council. Where energy performance requirements apply, suppliers must demonstrate compliance and provide labelling disclosing efficiency and rated characteristics. Non-conforming shipments can be held at the border, making SABER registration a practical precondition for market access.
In Saudi Arabia the field is Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co.. Two different problems sit on the same axis: holding Induction AC Motor at 30% of 2025 revenue, and taking Brushless DC Motor while it grows at 10.18%.
South Africa
2nd-largest in Middle East and Africa, growing 1.7×.
- In region 2 of 2
- Of region 18%
- Of global 1.1%
- Revenue $1.78B → $3.06B
South Africa is sized at USD 1.78 billion in 2025, rising to USD 3.06 billion by 2034; 1.08% of global revenue and 18% of Middle East and Africa. It is reported separately from Saudi Arabia across every segmentation axis in the full report.
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Report Coverage
This report assesses the market across every segment, with revenue and a growth rate for each line in each year of the study period. It covers the drivers, trends, opportunities, restraints and challenges shaping growth, the competitive landscape and the companies profiled, and the research methodology behind every estimate. Segmentation is reported by motor type, power output, application, distribution channel, voltage, and regional analysis covers North America, Europe, Asia Pacific, Latin America, Middle East and Africa, each broken out by country.
Competitive Landscape
Position on the Motor type Axis Decides Competitive Standing
The field covered here is Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH and Emerson Electric Co..
Competition follows the motor type split rather than the regional one. Induction AC Motor is 30% of 2025 revenue at USD 49.44 billion and still 27.5% in 2034, so it is where the volume sits and where an incumbent's position is hardest to move. Brushless DC Motor, compounding at 10.18% against 2.59% for Brushed DC Motor, is where share changes hands over the forecast period. The two rarely sit with the same supplier, and that is the reason a USD 164.8 billion market is not already consolidated.
Competition in the electric motor market separates on manufacturing scale, efficiency-class engineering depth, and distribution reach rather than on price alone. The largest suppliers hold an edge through integrated production of windings, laminations, and magnets, which shortens lead times and supports the certification testing that IE3 and IE4 efficiency classes require. They also carry direct relationships with equipment OEMs across multiple end markets, giving them first access to new platform designs. Smaller and regional manufacturers compete on proximity to local customers, faster quoting on custom or low-volume motor specifications, and lower-cost production for price-sensitive fractional horsepower and household appliance segments where certification requirements are lighter.
Presence matters unevenly by region. With 43.4% of 2025 revenue in Asia Pacific and 22.6% in North America, a supplier's coverage of those two decides most of its addressable base before any product question arises.
Company-level profiles, financials, shares and development histories are part of the full report rather than this summary.
List of Key Electric Motor Market Companies Profiled
14 companies profiled. Company profiles, including financials, product portfolios and recent developments, are part of the full report.
- Baldor Electric Company, Inc.(United States)
- Ametek Inc.(United States)
- Franklin Electric Co., Inc.(United States)
- Asmo Co., Ltd.(Japan)
- ABB Ltd(Switzerland)
- Siemens AG(Germany)
- WEG S.A.(Brazil)
- Nidec Corporation(Japan)
- Johnson Electric Holdings Limited(Hong Kong)
- Regal Rexnord Corporation(United States)
- Toshiba Corporation(Japan)
- Mitsubishi Electric Corporation(Japan)
- Robert Bosch GmbH(Germany)
- Emerson Electric Co.(United States)
Geographic Coverage
Every market below is broken out separately in the report.
North America
3Europe
8Asia Pacific
12Latin America
3Middle East and Africa
4Key Insights
Report Scope
Study parameters & segmentationThis study covers market size and forecasts over the 2020–2034 period, segmentation across 5 axes (Motor Type, Power Output, Application, Distribution Channel, Voltage), regional analysis for 5 regions and their constituent countries, a competitive landscape profiling 14 key companies, and the research methodology behind every estimate.
Segmentation
5 axes + regionFull chapter-and-section structure of the report. Segment, region, and company breakdowns are listed as scope. The underlying figures are in the sample and full report.
Table of Contents+−
Chapter 1.Executive Summary
Chapter 2.Premium Insights
Chapter 3.Market Definition
Chapter 4.Research Methodology
Chapter 5.Strategic Imperatives & Market Outlook
Chapter 6.Go-to-Market (GTM) Strategies
Chapter 7.Market Trends, Strategy & Dynamics
Chapter 8.Porter's Five Forces
Chapter 9.PESTEL Analysis
Chapter 10.Value Chain Analysis
Chapter 11.Supply Chain Analysis
Chapter 12.Macro-Economic Factors
Chapter 13.Market Cost Analysis
Chapter 14.Market Supply-Side Analysis
Chapter 15.Global Electric Motor Market Size & Projections, 2020–2034, Revenue (USD Billion)
Chapter 16.Global Electric Motor Market Overview, By Motor Type, 2020–2034, Revenue (USD Billion)
Chapter 17.Global Electric Motor Market Overview, By Power Output, 2020–2034, Revenue (USD Billion)
Chapter 18.Global Electric Motor Market Overview, By Application, 2020–2034, Revenue (USD Billion)
Chapter 19.Global Electric Motor Market Overview, By Distribution Channel, 2020–2034, Revenue (USD Billion)
Chapter 20.Global Electric Motor Market Overview, By Voltage, 2020–2034, Revenue (USD Billion)
Chapter 21.Global Electric Motor Market Size — Segment Comparison
Chapter 22.Global Electric Motor Geography Overview, 2020–2034, Revenue (USD Billion)
Chapter 23.North America Electric Motor Market Deep-Dive, 2020–2034, Revenue (USD Billion)
Chapter 24.Europe Electric Motor Market Deep-Dive, 2020–2034, Revenue (USD Billion)
Chapter 25.Asia Pacific Electric Motor Market Deep-Dive, 2020–2034, Revenue (USD Billion)
Chapter 26.Latin America Electric Motor Market Deep-Dive, 2020–2034, Revenue (USD Billion)
Chapter 27.Middle East and Africa Electric Motor Market Deep-Dive, 2020–2034, Revenue (USD Billion)
Chapter 28.Application / Use-Case Analysis
Chapter 29.Vendor Capability Scorecard
Chapter 30.Scenario Forecasts
Chapter 31.Top 10 Key Clients of Top 10 Players
Chapter 32.Top 10 Suppliers
Chapter 33.Competitive Landscape
Chapter 34.Partnerships & M&A
Chapter 35.Key Vendor Analysis
Chapter 36.Marketing Strategy Analysis, Distributors & Traders
Chapter 37.Outlook of the Market
Chapter 38.Concluding Analyst Note
List of Figures+−
Structural index generated from this report's own section headings, not verified against the delivered report's actual figure numbering.
List of Tables+−
Structural index generated from this report's own section headings, not verified against the delivered report's actual table numbering.
Segmentation Analysis
5 axesBy Motor Type
7- 01AC Motor
- 02Synchronous AC Motor
- 03Induction AC Motor
- 04DC Motor
- 05Brushed DC Motor
- 06Brushless DC Motor
- 07Hermetic Motor
By Power Output
2- 01Integral HP Output
- 02Fractional HP Output
By Application
6- 01Industrial Machinery
- 02Motor Vehicles
- 03HVAC Equipment
- 04Aerospace & Transportation
- 05Household Appliance
- 06Others
By Distribution Channel
2- 01OEM
- 02Aftermarket
By Voltage
3- 01Low Voltage
- 02Medium Voltage
- 03High Voltage
Segment categories shown for scope reference. See the Summary tab for revenue share by By Motor Type. Full segment-by-segment detail across every axis is available in the sample and full report.
Research approach
A market size is a claim about the world, and a claim is only as good as the route to it. Every study is built upward from units and prices — what is actually produced, sold or performed, at what it actually changes hands for — rather than from a headline figure divided downwards. Disclosed company revenue is then used to check that build, not to produce it.
Market size is built upward from unit shipment volumes by motor type (AC induction, AC synchronous, brushed DC, brushless DC, hermetic) and by horsepower band, each multiplied by its realized average selling price, then aggregated up through the application segments this report tracks, including industrial machinery, motor vehicles, HVAC equipment and household appliances. That bottom-up build is checked against revenue disclosed by motor and drive manufacturers in their own financial filings. Where the two diverge for a given band, for example a horsepower range where disclosed segment revenue implies a different average price than the unit-volume build assumed, the unit volume or price assumption for that specific band is corrected rather than averaging in a separate top-down estimate.
The four stages
The same sequence runs behind every published study, whatever the industry. The order matters as much as the steps: the segment axes are fixed before any number is collected, so the model is never reshaped to fit whatever data happens to turn up.
What the build rests on, and what checks it
The two are not interchangeable. The left column produces the number; the right column tests it. When the check disagrees with the build, the answer is to find which bottom-up assumption is wrong — a unit count, a price, a take-up rate — not to split the difference between them.
- Volume actually transacted — units produced, installed, dispensed or procedures performed, counted at the level each is genuinely recorded
- Realised pricing by tier and channel, rather than one blended average applied across the whole market
- Take-up and frequency: how much of the addressable base buys, and how often it repeats
- Disclosed revenue of the companies serving the market, where filings separate it far enough to be usable
- Buyer-side spending totals — capital budgets, procurement lines, or the output of the end market the product is bought against
- Trade and customs flows, where the product crosses borders in a separately recorded form
Data sources
Published data establishes what happened. Only the people transacting in a market can say why, and what is about to change — so the two are collected separately and weighted differently.
- Commercial and product leadership at the companies that supply the market
- Procurement and specification leads at the organisations that buy it
- Distributors, integrators and channel partners, where the market is served indirectly
- Regulatory and standards specialists, where approval governs what can be sold at all
- Company filings, annual reports and investor disclosure
- Government statistics, customs records and regulatory registers
- Trade association output and standards-body publications
- Technical and peer-reviewed literature, where the market rests on a clinical or engineering claim
Primary interviews target the roles that actually decide motor purchasing and specification: OEM design and reliability engineers who set motor type and efficiency class on new equipment platforms, industrial procurement managers who negotiate volume contracts, distributor and channel partners who move standard motors into maintenance and repair demand, and regulatory or compliance officers who track IE-class efficiency requirements and their enforcement timelines. Sampling weights the geographies where motor production and consumption concentrate: China and India for manufacturing volume, the United States for industrial and automotive demand, and Germany and Japan for high-efficiency and precision motor engineering.
Desk research rests on sources specific to this market rather than generic industry reporting. IEC 60034 efficiency classification standards and the IE-class registries built from them establish which motors qualify at which efficiency tier. HS code 8501 customs and trade data tracks cross-border motor shipment volumes by type and power band. US Department of Energy motor efficiency rulemaking dockets and the EU Ecodesign Regulation filings for electric motors set the regulatory replacement timelines this market depends on. Named manufacturers' annual reports and regulatory filings, where a motor or motor-adjacent segment is disclosed separately, anchor the top-down check against the bottom-up build.
Desk research runs across proprietary research databases including Factiva, OneSource and Hoovers alongside the public sources above. Modelling and statistical validation are run in SAS and SPSS.
Forecasting
The forecast is not a growth rate applied to a base year. It is built from the drivers that are expected to change, each one stated so a reader can disagree with it.
The forecast is built from projected unit demand growth tied to industrial production indices, automaker electrified-vehicle production schedules already contracted with suppliers, and the phase-in timelines of efficiency mandates such as IE3 and IE4, which drive replacement of older motors ahead of their natural end of life. Pricing behavior reflects copper and rare-earth magnet input costs, the two line items that move brushless DC and synchronous motor prices most. The 2020 and 2021 historical years are normalized for the production disruption those years carried rather than treated as a new demand baseline. For the forecast to hold, industrial capital spending and electrified-vehicle production need to continue at roughly the pace already committed by manufacturers today.
Triangulation and validation
No figure enters a report on the strength of one source. Where the two sizing routes disagree the difference is not averaged away — the assumption causing it is isolated, tested against a third independent measure, and either corrected or carried forward as a stated limitation. Historical years are back-tested against the growth actually recorded before any forecast is allowed to run forward from them.
Outputs were checked by back-testing the unit-times-price build against recorded 2020 through 2024 shipment and revenue growth for named manufacturers, confirming the build reproduces actual historical growth before it is extended forward. Segment share shifts, including brushless DC gaining share from brushed DC and induction motors, and motor vehicles gaining share among applications, were reviewed against engineering and sourcing contacts who confirmed the direction and pace of those shifts matches what they see in specification changes. Sensitivities were tested on copper price movement and on the pace of electrified-vehicle production, the two inputs most likely to move the forecast if they diverge from the assumptions used here.
Confidence and limitations
Where an estimate is firm and where it is not is stated rather than left to be inferred from the precision of the number.
Confidence is firmest in induction AC motors, the industrial machinery application, and developed-market industrial demand, where disclosed manufacturer revenue and trade data are both available and consistent with each other. It is softer in brushless DC penetration within emerging-market appliances and in hermetic motor demand tied to HVAC and refrigeration replacement cycles, where reporting is thinner and estimates lean more on adjacent-market proxies. The clearest structural risk is the pace of electrified-vehicle production: a ramp meaningfully faster or slower than currently contracted would shift the motor vehicles application share by more than this forecast currently allows for.
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Questions This Report Answers
6 questionsWhat is the market size and growth rate, globally and by region?
How is the market segmented, and which segments lead?
Which regions and countries are covered, and how do they compare?
What are the key drivers, restraints, opportunities and challenges?
Who are the leading companies operating in this market?
What trends are expected to shape the market through the forecast period?
Frequently Asked Questions
01What is the Electric Motor Market projected to reach?
USD 299.9 Billion by 2034, CAGR 6.82%
02What years does this report cover?
Study period 2020–2034, base year 2025, historical data 2020-2024, forecast period 2026-2034.
03Which regions are covered?
North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
04Which region accounted for the largest market share?
Asia Pacific leads with 43.4% of global revenue through 2034.
05Which segment leads the market?
Induction AC Motor is the largest line by motor type, at 30% of revenue in 2025.
06Who are the key companies profiled?
Baldor Electric Company, Inc., Ametek Inc., Franklin Electric Co., Inc., Asmo Co., Ltd., ABB Ltd, Siemens AG, WEG S.A., Nidec Corporation, Johnson Electric Holdings Limited, Regal Rexnord Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Emerson Electric Co.. Full profiles are part of the paid report.
07Can the segmentation be customized?
Yes. Custom data cuts by geography, segment, or competitor set are available on request.
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