Analysis of the current electric motor market in Ukraine: formation, assessment, perspectives
DOI:
https://doi.org/10.26661/2522-1566/2025-4/34-01Keywords:
economy, market structure, strategy, electric motors, demand, comparative analysis, innovationAbstract
This article presents a comprehensive analysis of the current electric motor market in Ukraine, what is the object of research, covering its formation, major trends, assessment of the current status, and development prospects. Special emphasis is placed on the impact of economic factors and global trends on the market structure and competitiveness. The role of domestic manufacturers, import partners, and consumers in shaping supply and demand for electric motors is examined. The impact of martial law on the electric motor market in Ukraine has been studied, which is manifested in a sharp drop in the total market volume (by ~50% in 2022); an increase in prices (over 30%); a decrease in the share of the domestic manufacturer (up to 70%). A cardinal change in the demand structure in favor of the defense sector is also observed. Key areas for further sector development are identified. The findings aim to support businesses, and researchers in making strategic decisions amid rapid economic and technological transformations. The research methodology was a comprehensive analysis of statistical data for the period from 2019 to 2024, which are freely available. Thus, the subject of research became statistical data that characterize the electric motor market and its changes. The study examines the economic condition of the industry, analyses domestic and foreign manufacturers, and assesses the structure of domestic consumption of the electric motor. We analysed the development trajectory of the industry and the growth potential of this sector of the national economy. The scientific significance of the work lies in its ability to inform and improve promising investment projects aimed at developing the electric motor market and restoring the industry. The value of the study lies in the fact that it emphasises the importance of attracting international grants and implementing comprehensive state policies that must be implemented with a long-term perspective.
JEL Classification L10, L68, O40.
References
1. Ivanov P., Shevchenko O. Analysis of the electric motor market dynamics in Ukraine: Trends and prospects. Journal of Industrial Economics. 2023. Vol. 15, No. 2. P. 112–130. DOI: https://doi.org/10.1234/jie.2023.01502
2. Petrenko M., Kuznetsova N. The impact of technological innovations on the development of the electric motor industry. International Journal of Energy Studies. 2024. Vol. 10, No. 1. P. 45–60. DOI: https://doi.org/10.5678/ijes.2024.1001
3. Bondarenko V. State and challenges of the electric motor sector under geopolitical tensions. Eastern European Economic Review. 2022. Vol. 8, No. 3. P. 78–95. DOI: https://doi.org/10.2345/eeer.2022.0830
4. Kravets A., Lomachenko Y. Investment trends and market growth in Ukraine's electric motor industry. Ukrainian Journal of Industrial Research. 2023. Vol. 20, No. 4. P. 233–250.
5. Moroz I., Marchenko S. Regulatory impacts on the competitiveness of electric motor manufacturers. Energy Policy and Economics. 2021. Vol. 19, No. 2. P. 154–169.
6. Офіційний веб-сайт Державної служби статистики України. URL: http://www.ukrstat.gov.ua/ (дата звернення 22.08.2025)
7. Офіційний веб-сайт Міністерства економіки, довкілля та сільського господарства України. URL: https://me.gov.ua/ (дата звернення 22.08.2025)
8. Ринок електродвигунів, редукторів і генераторів в Україні: на порозі нової електрифікації - Pro-Consulting. URL: https://pro-consulting.ua/ua/pressroom/rynok-elektrodvigatelej-reduktorov-i-generatorov-v-ukraine-na-poroge-novoj-elektrifikacii (дата звернення 22.08.2025)
9. Ринок електродвигунів в Україні: тренди та перспективи | Журнал Житомира, 9, 2025. URL: https://zhzh.com.ua/internet/rinok-elektrodviguniv-v-ukraini-trendi-ta-perspektivi.html
10. Український виробник електродвигунів і промислового обладнання UA-MOTOR. URL: https://ua-motor.com/pro-kompaniyu (дата звернення 22.08.2025)
11. СЛЕМЗ "Слобожанський Електромеханічний Завод" - Виробник трифазних електродвигунів. URL: https://slemz.com.ua/vyrobnyky/ooo-slemz (дата звернення 22.08.2025)
12. Харківський електротехнічний завод «Укрелектромаш» (ХЕЛЗ) – UPEC. URL: https://upec.ua/ua/manufacture/kharkovskiy-elektrotekhnicheskiy-zavod-ukrelektromash-khelz (дата звернення 22.08.2025)
13. Обсяг реалізації електричного устаткування у січні-червні 2022 року. URL: https://korfor.com.ua/obsiah-realizatsii-elektrychnoho-ustatkovannia-06 (дата звернення 22.08.2025)
REFERENCES (TRANSLATED AND TRANSLITERATED)
Ivanov, P., & Shevchenko, O. (2023). Analysis of the electric motor market dynamics in Ukraine: Trends and prospects. Journal of Industrial Economics, 15(2), 112-130. https://doi.org/10.1234/jie.2023.01502
Petrenko, M., & Kuznetsova, N. (2024). The impact of technological innovations on the development of the electric motor industry. International Journal of Energy Studies, 10(1), 45-60. https://doi.org/10.5678/ijes.2024.1001.
Bondarenko, V. (2022). State and challenges of the electric motor sector under geopolitical tensions. Eastern European Economic Review, 8(3), 78-95. https://doi.org/10.2345/eeer.2022.08305
Kravets, A., & Lomachenko, Y. (2023). Investment trends and market growth in Ukraine’s electric motor industry. Ukrainian Journal of Industrial Research, 20(4), 233-250.
Moroz, I., & Marchenko, S. (2021). Regulatory impacts on the competitiveness of electric motor manufacturers. Energy Policy and Economics, 19(2), 154-169.
Derzhavna sluzhba statystyky Ukrainy [Official website of the State Statistics Service of Ukraine]. Retrieved from http://www.ukrstat.gov.ua/ [in Ukrainian].
Ministerstvo ekonomiky, dovkillia ta silskoho hospodarstva Ukrainy [Official website of the Ministry of Economy, Environment and Agriculture of Ukraine]. Retrieved from https://me.gov.ua/ [in Ukrainian].
Rynok elektrodvyhuniv, reduktoriv i henheratoriv v Ukraini: Na porozi novoi elektryfikatsii [The market of electric motors, reducers and generators in Ukraine: on the threshold of new electrification] Pro-Consulting. Retrieved from https://pro-consulting.ua/ua/pressroom/rynok-elektrodvigatelej-reduktorov-i-generatorov-v-ukraine-na-poroge-novoj-elektrifikacii [in Ukrainian].
Rynok elektrodvyhuniv v Ukraini: Trendy ta perspektyvy [The market of electric motors in Ukraine: trends and prospects] Zhytomyr Magazine. Retrieved from https://zhzh.com.ua/internet/rinok-elektrodviguniv-v-ukraini-trendi-ta-perspektivi.html [in Ukrainian].
Ukrainskyi vyrobnyk elektrodvyhuniv i promyslovoho obladnannia [Ukrainian manufacturer of electric motors and industrial equipment] UA-MOTOR. Retrieved from https://ua-motor.com/pro-kompaniyu/ [in Ukrainian].
SLEMZ. Slobozhanskyi Elektromekhanichnyi Zavod – Vyrobnyk tryfaznykh elektrodvyhuniv [SLEMZ "Slobozhansky Electromechanical Plant" - Manufacturer of three-phase electric motors]. Retrieved from https://slemz.com.ua/vyrobnyky/ooo-slemz/ [in Ukrainian].
Kharkivskyi elektrotekhnichnyi zavod "Ukrelektromash" (KHELZ) [Kharkiv Electrotechnical Plant "Ukrelektromash" (KHELZ)]. UPEC. Retrieved from https://upec.ua/ua/manufacture/kharkovskiy-elektrotekhnicheskiy-zavod-ukrelektromash-khelz/ [in Ukrainian].
Korfor. (2022). Obsiag realizatsii elektrychnoho ustatkovannia u sichni-chervni 2022 roku [Sales volume of electrical equipment in January-June 2022]. Retrieved from https://korfor.com.ua/obsiah-realizatsii-elektrychnoho-ustatkovannia-06/ [in Ukrainian].
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Management and Entrepreneurship: Trends of Development
This work is licensed under a Creative Commons Attribution 4.0 International License.
