The world electric motor market is an established industry in terms of size and presence in different geographic region. The diverse application ranges of motors in industrial machinery, household appliances, aerospace and transportation have augmented the demand for different types of electric motors. This includes magnetic motors as well as induction motors. The industry branches out into different segments such as permanent magnet, electric motor, magnet synchronous motor and the likes. The major demand pull is from the industrial sector as well as agriculture, where motors are used for energy-efficiency. Rising awareness about electric and green vehicles in customers, has augmented the demand in automotive industry. Research and development projects funded by the government have led to new innovations including pico projectors and electric power substation automations. The market is flourishing along with the development of different sectors and this has led to a successful industry.