Southeast Asia Industrial Motors Market Research Report 2024-2029, Competitive Analysis of Prominent Vendors - ABB, Siemens, WEG, Mitsubishi Electric, and TECO Electric & Machinery
DUBLIN--(BUSINESS WIRE)--May 14, 2025--
The 'Southeast Asia Industrial Motors Market Research Report 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Southeast Asia Industrial Motors Market was valued at USD 2.08 billion in 2023, and is projected to reach USD 2.93 billion by 2029, rising at a CAGR of 5.88%
The Southeast Asia industrial motors market is highly competitive, driven by rapid industrialization, urbanization, and infrastructure developments. Key players in the Southeast Asia industrial motors market are focusing on energy-efficient motors due to increasing environmental regulations and a push for sustainability. The market is witnessing strong demand from industries like manufacturing, oil & gas, chemicals, and construction.
The market in Southeast Asia has seen a surge in demand for smart motors integrated with IoT and Industry 4.0 capabilities, allowing for real-time monitoring, predictive maintenance, and improved operational efficiency. This shift aligns with the industrial sectors' drive toward automation and enhanced energy management. Furthermore, leading companies like ABB Ltd., Siemens AG, and Mitsubishi Electric are engaging in strategic partnerships and joint ventures in the region to innovate new motor technologies, particularly focusing on energy efficiency and automation to meet the regulatory and operational demands of industries such as manufacturing, oil & gas, and chemicals.
Indonesia holds a dominant position in the Southeast Asia industrial motors market and is growing rapidly, driven by various sectors like manufacturing, mining, construction, and energy. These industries rely on industrial motors for automation, material handling, and operating machinery. Indonesia's industrial growth is boosted by large infrastructure projects and expanding manufacturing. As Indonesia continues to grow and develop its economy, the industrial motors market is expected to reach USD 846.17 million by 2029, with more investments in infrastructure, manufacturing, and energy sectors.
Indonesia is heavily investing in infrastructure and industrial development, which increases the demand for industrial motors. The government's 'Making Indonesia 4.0" initiative aims to modernize industries and promote automation, further raising the need for motors. The country is also focused on renewable energy projects, including geothermal and hydropower, driving the demand for energy-efficient motors. Additionally, Indonesia plans to produce 3 million vehicles annually by 2030, as part of its industrialization efforts. This growth in the automotive sector will lead to greater demand for industrial motors, particularly energy-efficient and smart motor systems used in vehicle manufacturing.
MARKET TRENDS
The Southeast Asia industrial motors market is thriving, driven by the rapid adoption of IE3 and IE4 high-efficiency motors, which reduce energy consumption by up to 30% compared to conventional motors, offering substantial cost savings and environmental benefits. Governments in the region, such as Malaysia and Indonesia, are introducing regulations to mandate the use of these energy-efficient motors, aligning with global sustainability goals. For example, Malaysia has set a target of 80% adoption of energy-efficient motors by 2030 as part of its green industrial initiatives.
The growing emphasis on industrial automation across sectors like manufacturing, mining, and energy is further accelerating the demand. Technological advancements are also making IE3 and IE4 motors more affordable, enabling wider adoption across industries and solidifying the Southeast Asia industrial motors market's expansion.
The Southeast Asia industrial motors market is experiencing a significant boom, driven by the convergence of Industry 4.0 technologies such as IoT, robotics, and machine learning, which are enhancing motor intelligence and operational efficiency. These innovations enable real-time monitoring and optimization of energy usage, leading to reduced operational costs and a smaller environmental footprint. The push toward automation across various sectors is further boosting demand for advanced motors. For example, in Malaysia, the adoption of automated production systems in manufacturing grew by 15% in 2023, with motors being integral to the success of these systems.
Additionally, the mining sector in Indonesia saw a 20% increase in automation investments, requiring more sophisticated motors to power automated equipment. As industries rapidly transition to fully automated production, motors equipped with IoT capabilities are becoming indispensable, with end-users viewing them as essential to staying competitive. These trends, alongside technological advancements that make motors more efficient and affordable, are driving the robust growth of the Southeast Asia industrial motors market.
MARKET DRIVERS
The Southeast Asia industrial motors market is experiencing rapid growth, fueled by the surge in infrastructure development across the region. Countries like the Philippines, Vietnam, and Indonesia are investing heavily in large-scale projects such as airports, highways, and rail systems, creating a significant demand for industrial motors in construction machinery, elevators, and HVAC systems.
For example, Vietnam's USD 9 billion investment in infrastructure in 2023, which includes the expansion of the Tan Son Nhat International Airport, is driving the need for high-performance motors in construction equipment and power systems. Indonesia's ongoing USD 25 billion investment in its Trans-Sumatra toll road project is also increasing the demand for motors in construction machinery and material handling systems. These projects, combined with the growing urbanization and increased demand for housing, are further accelerating the Southeast Asia industrial motors market growth.
Furthermore, the Southeast Asia industrial motors market is booming, driven by the rapid expansion of manufacturing industries across the region. Countries like Vietnam, Thailand, and Indonesia are seeing robust industrial growth, with Vietnam specializing in electronics, Thailand in automotive, and Malaysia in semiconductors. For instance, Vietnam's electronics manufacturing output grew by 12% in 2023, leading to increased demand for motors in assembly lines and production equipment.
Thailand's automotive sector, which saw USD 2 billion in investments in 2023, is requiring advanced motors for robotics and automation in production plants. Malaysia, with its USD 30 billion semiconductor industry, continues to expand, driving the need for high-performance motors in precision machinery. This industrial boom is attracting both domestic and foreign investments despite global reshoring trends, making Southeast Asia a critical hub for manufacturing. As a result, the growing demand for motors across industries like automotive, electronics, and semiconductors is accelerating the Southeast Asia industrial motors market.
INDUSTRY RESTRAINTS
High Initial Investment
The Southeast Asia industrial motors market faces significant challenges due to the high initial investment required for adopting advanced motor systems and technologies. The cost of upgrading to energy-efficient motors and modernizing production facilities can be a financial burden, particularly for smaller companies with limited capital. For instance, in Indonesia, the expansion of the USD 4 billion cement market requires the installation of advanced motors for grinding and material handling, but the capital expenditure involved can delay adoption.
In the Philippines, the construction sector's USD 7 billion infrastructure push demands motors for cranes, elevators, and HVAC systems, but the high cost of energy-efficient motors presents a challenge for developers working with tight budgets. Additionally, the semiconductor market in Malaysia, valued at USD 20 billion, requires high-precision motors for assembly lines, but the investment in upgrading older machinery to meet energy standards is a costly hurdle. These high upfront costs hinder the pace at which industries in Southeast Asia can transition to more energy-efficient and technologically advanced motor solutions, limiting Southeast Asia industrial motors market expansion.
KEY TAKEAWAYS
Key Attributes:
Key Company Profiles
Other Prominent Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jrxvie
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250514839355/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected] E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2025.
PUB: 05/14/2025 08:38 AM/DISC: 05/14/2025 08:37 AM
http://www.businesswire.com/news/home/20250514839355/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
IFF Appoints Virginia "Gina" Drosos to Board of Directors
NEW YORK, June 09, 2025--(BUSINESS WIRE)--IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health and biosciences—today announced the appointment of Gina Drosos to its board of directors, effective June 16. Drosos brings more than 30 years of executive leadership experience across the retail, consumer goods, beauty and health care industries. "We are very pleased to welcome Gina to the IFF board," said Kevin O'Byrne, chair of the board. "Gina brings extensive relevant experience, deep consumer insights and a proven ability to drive innovation and lead with purpose, which aligns with our long-term strategy to deliver sustainable growth and value creation for all stakeholders." Drosos most recently served as chief executive officer and a director of Signet Jewelers Ltd. (NYSE: SIG)—the world's largest retailer of diamond jewelry—from August 2017 to November 2024. During her tenure, she led the company through a significant transformation, expanding its digital capabilities and enhancing customer experience. Gina also spent 25 years at Procter & Gamble (NYSE: PG)—most recently as group president of global beauty, skin, cosmetics and personal care—where she established herself as a transformative, purpose-led leader who drove game-changing innovation, built multi-billion-dollar brands and reinvented global categories. She currently serves as a director of Foot Locker Inc. and the United States Golf Association and previously served as a board member of American Financial Group, Inc., where she served on the audit and governance committees. "I'm honored to join the IFF board at such a pivotal time in the company's journey," said Drosos. "IFF's commitment to innovation, sustainability and purpose-driven growth deeply resonates with me. I look forward to contributing to the company's long-term strategy and helping shape its future as a global leader in food and beverage, home and personal care and health and wellness solutions." Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as ""plan", "expect," "anticipate," "intend," "believe," "seek," "see," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances. Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at LinkedIn, Instagram and Facebook. © 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved. View source version on Contacts Media Relations:Paulina Investor Relations:Michael Sign in to access your portfolio
Business Wire
40 minutes ago
- Business Wire
IFF Appoints Virginia 'Gina' Drosos to Board of Directors
NEW YORK--(BUSINESS WIRE)-- IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health and biosciences—today announced the appointment of Gina Drosos to its board of directors, effective June 16. Drosos brings more than 30 years of executive leadership experience across the retail, consumer goods, beauty and health care industries. 'We are very pleased to welcome Gina to the IFF board,' said Kevin O'Byrne, chair of the board. 'Gina brings extensive relevant experience, deep consumer insights and a proven ability to drive innovation and lead with purpose, which aligns with our long-term strategy to deliver sustainable growth and value creation for all stakeholders.' Drosos most recently served as chief executive officer and a director of Signet Jewelers Ltd. (NYSE: SIG)—the world's largest retailer of diamond jewelry—from August 2017 to November 2024. During her tenure, she led the company through a significant transformation, expanding its digital capabilities and enhancing customer experience. Gina also spent 25 years at Procter & Gamble (NYSE: PG)—most recently as group president of global beauty, skin, cosmetics and personal care—where she established herself as a transformative, purpose-led leader who drove game-changing innovation, built multi-billion-dollar brands and reinvented global categories. She currently serves as a director of Foot Locker Inc. and the United States Golf Association and previously served as a board member of American Financial Group, Inc., where she served on the audit and governance committees. 'I'm honored to join the IFF board at such a pivotal time in the company's journey,' said Drosos. 'IFF's commitment to innovation, sustainability and purpose-driven growth deeply resonates with me. I look forward to contributing to the company's long-term strategy and helping shape its future as a global leader in food and beverage, home and personal care and health and wellness solutions.' Cautionary Statement under the Private Securities Litigation Reform Act of 1995 This press release contains 'forward-looking statements' within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as ''plan', 'expect,' 'anticipate,' 'intend,' 'believe,' 'seek,' 'see,' 'will,' 'would,' 'target,' similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the timing or nature of the new facilities. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances. Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at LinkedIn, Instagram and Facebook. © 2025 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.
Yahoo
an hour ago
- Yahoo
Levelpath's AI-Native Sourcing Delivers 10X Efficiency Gains While Industry AI Investments Struggle
AI-native procurement platform Levelpath shatters industry performance as Fortune customers report unprecedented sourcing efficiency SAN FRANCISCO, June 09, 2025--(BUSINESS WIRE)--Levelpath, the leading AI-native procurement platform, today announced breakthrough customer results that delightfully solve industry-wide AI struggles. Despite $34 billion invested in private generative AI last year, the Wall Street Journal reports that most enterprises see cost savings under 10% and revenue increases below 5%. Only 1% of companies have successfully scaled their AI investments beyond pilot phases. Levelpath customers achieve 10X efficiency gains in sourcing that transform business outcomes. At a time when every strategically minded business is investing in AI, the AI-driven procurement evolution that Levelpath supports is a clear entry point for businesses to get real and proven ROI from AI investments. Revolutionary Sourcing Results Drive Real Business Impact Levelpath Strategic Sourcing is delivering unprecedented efficiency improvements across diverse industries: Acrisure launched their Levelpath instance in the morning and had their first RFP live by the end of the same day. They were able to 10X their capacity to create and send RFPs per procurement employee, transforming their ability to execute sourcing strategies at scale. GATX slashed supplier bid analysis from days to minutes and cut RFP production from months to minutes, boosting procurement efficiency and securing $3.5M in contract savings by using OCR to surface key contract clauses and fast-track strategic sourcing. PADNOS experienced a 5X increase in sourcing projects per procurement employee, with 76% faster procurement cycles, enabling them to save 6,000 hours of fleet downtime through rapid supplier identification and evaluation. SiriusXM achieved 90% of IT spend under management and reduced cycle times by 47%, centralizing all their processes behind sourcing, collaborating, and procuring something for the business. "Most AI tools are retrofitted onto legacy systems, creating artificial constraints," said Stan Garber, Co-founder and President of Levelpath. "We built the industry's first truly AI-native procurement platform where intelligence is embedded in every workflow from day one." AI-Native Architecture Reimagines Strategic Sourcing Unlike legacy platforms that awkwardly overlay AI features onto existing systems, Levelpath's Strategic Sourcing was built from the ground up in today's massively transformational Era of AI when model and data management capabilities must match the flexibility that modern procurement and supply chain departments must support. This architectural advantage enables breakthrough capabilities that redefine employees' abilities to buy the best possible solution that takes cost, business needs, and corporate demand into account in procurement sourcing. Unlike legacy platforms that bolt AI features onto existing systems, Levelpath's AI-native foundation eliminates traditional procurement bottlenecks by democratizing the line-of-business user's access to buy what they need to support business opportunities while following necessary business policies, processes, approved vendors, and other purchasing guidelines. The platform's Hyperbridge reasoning engine creates unified visibility across all procurement activities, while the easy-to-use front-door experience transforms complex processes into intuitive workflows. True AI-native architecture requires building from the ground up with AI integrated from the beginning. Legacy procurement platforms, often founded decades ago, face fundamental constraints when attempting to integrate AI capabilities with their rigid backend systems and workflows that often break or are rendered obsolete as the speed of business increases and the variability of spend categories continues to grow. Levelpath's founding in 2022 allowed the company to architect every component for intelligent automation, accelerating the variety of spend, the speed of purchasing, and the quality of vendor selection that retrofitted systems simply cannot match with legacy-defined architecture. Levelpath's AI-native Sourcing does not just automate existing processes, it reimagines them entirely. Procurement teams benefit from: Effortless complexity: Business stakeholders can now independently build sophisticated RFPs, manage multi-criteria supplier evaluations and analyze complex responses with simple clicks and natural language requests. Managers no longer have to speak "RFP language" or master procurement spreadsheets and tables to develop competitive and corporate-compliant buying actions. This simplification of the RFx process enables organizations to increase their efficiency by up to 10x without an increase in training or headcount. Intelligent sourcing automation: Levelpath's AI Copilot drafts initial supplier communications, creates comprehensive questionnaires, performs detailed price comparisons and automatically summarizes supplier attachments, transforming hours of manual sourcing work into seconds of guided interaction focused on net-net outputs. Seamless global collaboration: Teams collaborate seamlessly across languages and time zones in real-time through a single platform. Suppliers respond in their native language while procurement teams receive real-time summaries and analysis in theirs, expanding sourcing reach to provide international support without operational complexity. Unified sourcing intelligence: Levelpath's proprietary Hyperbridge reasoning engine, integrated with its core data model, eliminates information silos by delivering real-time analysis that incorporates current business and vendor updates directly within sourcing workflows. Users have seamless and centralized access to stakeholder requests, feedback, and the contract details that enable faster, more informed decisions and eliminate the friction associated with disaggregated apps, data, and documents associated with contracting complex purchasing. These breakthrough capabilities in making procurement more delightful highlight the constraints that legacy platforms cannot overcome in supporting dynamic businesses purchasing goods and services across a rapidly expanding ecosystem of suppliers. Levelpath's AI-native sourcing enables efficiency, connects teams with ease, and creates a centralized platform to be procurement's supplier system of record. Built for the AI Era Traditional procurement platforms carry the clunky, fragmented weight of their pre-AI origins through the sourcing process. Designed before the era of prolific AI advances, these legacy systems struggle with fundamental limitations that no amount of retrofitting can overcome: Disconnected processes that trap critical data in organizational silos. Surface-level AI features that underperform against their marketing promises. Mounting technical debt that drives up costs while limiting growth potential. Cumbersome interfaces that create bottlenecks instead of clearing them. Fragmented systems that discourage supplier interaction or engagement. Levelpath's AI-native foundation eliminates these inherited constraints, enabling sourcing operations that match the pace and complexity of modern business requirements. The Moment of Truth Procurement is no longer a support function; it has become a competitive way to accelerate business impact, mitigate risk and drive growth. Organizations now face a defining choice: remain constrained by legacy limitations or step into the AI-native era where procurement operations can finally match the pace of modern business. "We are proving AI can deliver the transformative results enterprises have been promised," Garber added. "While others search for meaningful AI ROI, our customers are already capturing it through faster sourcing cycles, expanded supplier reach and dramatically improved sourcing capacity." To learn more about Levelpath's AI-native procurement platform, visit About Levelpath Levelpath is the AI-native procurement platform transforming how global enterprises manage indirect spend. Built from the ground up for the AI era, our platform unifies procurement operations through intelligent automation, featuring an intuitive stakeholder interface, advanced workflow orchestration, and our proprietary Hyperbridge reasoning engine that delivers real-time intelligence and complete visibility across all procurement activities. Trusted by leading Fortune enterprises worldwide, including Ace Hardware, Amgen, Coupang, Fortrea, GATX, SiriusXM, SSM Health, and Western Union, Levelpath's AI-native architecture enables organizations to collaborate smarter, operate faster, and scale procurement operations that drive measurable business value. Headquartered in San Francisco, Levelpath is backed by Benchmark, Redpoint Ventures, Menlo Ventures, NewView Capital, and World Innovation Lab. Learn more at or connect with us on LinkedIn. View source version on Contacts Abby LewisPANBlast for Levelpathabby@ Sign in to access your portfolio
