Electric AC Motors Market: Global Industry Analysis and Forecast (2022-2027) by Type, Voltage, End-Use, and Region

Electric AC Motors Market size was valued at US$ 110.59 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.5% from 2022 to 2027, reaching nearly US$ 170.67 Bn.

Electric AC Motors Market Overview:

Global Electric AC Motors Market is expected to reach US$ 170.67 Bn. by 2027. An alternating current motor (AC motor) is a type of electric motor that transforms alternating current into a mechanical revolution. AC motors have a wide range of uses, from industrial bulk power conversion to residential small power conversion. Synchronous AC Motors, and Induction AC Motors are the types of the electric ac motors. Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, and Household Appliances are the end use types of the electric ac motors. Electric AC Motors Market To know about the Research Methodology :- Request Free Sample Report

Electric AC Motors Market Dynamics:

Compressors, fixed cranes, diesel-electric engines, and household appliances all utilize electric AC motors. They are appropriate for a number of applications because of their key features, including cost-effectiveness and efficient operation in severe environments. Because of their low maintenance requirements, long working life, and low power consumption, these high-efficiency items are expected to increase rapidly. The market is also growing due to the growing global demand for AC motor-driven engines. Furthermore, by 2027, factors such as rising demand for HVAC equipment and industrial machinery are expected to drive market demand. Over the last few years, AC motors have seen various technological breakthroughs, resulting in increased demand for these motors. Because of the growing number of industries in both developed and emerging countries, the market is expected to increase significantly over the forecast period. The widespread use of these items in various industrial equipment, including fixed cranes, conveyor belts, electric saws, and so on, is also driving the market. In recent years, the market for electric motors has grown due to increased fuel prices and an increasing preference among customers to use cleaner energy sources. The demand is expected to be dominated by an AC motor, which is a crucial component of electric motors. Furthermore, rising environmental concerns and government measures aimed at preserving the environment remain the key drivers of market growth. HVAC systems are widely used in a variety of settings, including commercial buildings, workplaces, and retail malls. Because of the increasing pace of urbanization and rising standard of living, HVAC systems are being installed on a massive scale. Air blowers that regulate airflow are powered by AC motors in HVAC equipment. During the forecast period, the capacity of AC types to run at multiple speeds, as well as greater dependability and operating efficiency, is expected to lead to an increase in their usage.

Electric AC Motors Market Segment Analysis:

Based on the Type, the market is segmented into Synchronous AC Motors and Induction AC Motors. Synchronous AC Motors segment is expected to hold the largest market share of xx% by 2027. In rare circumstances, synchronous motors can attain efficiencies of more than 90%, and they are generally more energy-efficient than induction motors. For power factor enhancement, a synchronous motor with no load connected to its shaft is employed. It is employed in power systems in cases where static capacitors are expensive due to their ability to behave at any electrical power factor. Synchronous motors are used in applications where the operating speed is low (about 500 rpm) but the power output is large. The size, weight, and cost of the equivalent three-phase induction motor are quite high for power requirements ranging from 35 kW to 2500 KW. As a result, these motors are preferred. Electric AC Motors Market The induction AC Motors segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Due to the lack of brushes, commutators, and slip rings, they require no maintenance, unlike dc and synchronous motors. Because induction motors do not contain brushes that can create sparks, they can be used in contaminated and explosive situations. In contrast to synchronous motors, three-phase induction motors have self-starting torque, therefore no starting methods are required. Single-phase induction motors, on the other hand, lack self-starting torque and must be coaxed to rotate using auxiliaries. Based on the End-Use, the market is segmented into Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, and Others. The Industrial Machinery segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Most industries rely on motorized automation, thus this segment offers plenty of opportunities for motor manufacturers. Pumps, boilers, compressors, and other applications utilizing electric AC motors are found in a variety of industries, including utilities, oil & gas, cement, and mining, as well as renewables, petrochemicals, chemicals, and water & wastewater treatment. Electric AC motors power critical industrial processes like presses and rollers, as well as auxiliary systems like compressed air generation, ventilation, water pumping, and other mechanical handling and processing.

Electric AC Motors Market Regional Insights:

Asia Pacific region is expected to dominate the Electric AC Motors Market during the forecast period 2022-2027. Asia Pacific region is expected to hold the largest market share of xx% by 2027. In each sector, Asia Pacific countries are shifting toward internet-based industrial activities as a result of fast industrialization. According to the GSM Association, established Asian countries such as South Korea, Japan, and Australia are progressively looking into the potential of new services and linked devices. The region's automobile industry is rapidly booming. The Asia Pacific is the world's largest vehicle manufacturer. More than 50 million commercial cars were produced in the region in 2018. The electric AC motor market in the Asia Pacific is expected to rise as a result of these factors. The objective of the report is to present a comprehensive analysis of the Global Electric AC Motors Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. Electric AC Motors MarketPORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Electric AC Motors Market dynamic, and structure by analyzing the market segments and projecting the Global Electric AC Motors Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Electric AC Motors Market make the report investor’s guide.

Electric AC Motors Market Scope: Inquiry Before Buying

Global  Electric AC Motors Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 110.59 Bn.
Forecast Period 2022 to 2027 CAGR: 7.5% Market Size in 2027: US $ 170.67 Bn.
Segments Covered: by Type • Synchronous AC Motors • Induction AC Motors
by Voltage • Integral HP Output • Fractional HP Output
by End-Use • Industrial Machinery • Motor Vehicles • HVAC Equipment • Aerospace & Transportation • Household Appliances • Others

Electric AC Motors Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Electric AC Motors Market Key Players

Siemens AG • Kirloskar Electric Company • Johnson Electric • Rockwell Automation, Inc. • Baldor Electric Company • Allied Motion Technologies Inc. • Ametek Inc. • Asmo Co. Ltd. • Franklin Electric Co. Inc. • ABB • Chinabase Machinery • CRRC Zhuzhou Electric Co., Ltd. • Elprom Harmanli • Toshiba Corporation • Nidec Corporation • Wolong • WEG • TECO Electric & Machinery Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Electric AC Motors Market? Ans. Asia Pacific is expected to hold the highest share in the Electric AC Motors Market. 2] Who are the top key players in the Electric AC Motors Market? Ans. Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., and Baldor Electric Company are the top key players in the Electric AC Motors Market. 3] Which segment is expected to hold the largest market share in the Electric AC Motors Market by 2027? Ans. The synchronous AC Motors segment is expected to hold the largest market share in the Electric AC Motors Market by 2027. 4] What is the market size of the Electric AC Motors Market by 2027? Ans. The market size of the Electric AC Motors Market is expected to reach US $170.67 Bn. by 2027. 5] What was the market size of the Electric AC Motors Market in 2021? Ans. The market size of the Electric AC Motors Market was worth US $110.59 Bn. in 2021.
1. Global Electric AC Motors Market: Research Methodology 2. Global Electric AC Motors Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Electric AC Motors Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Electric AC Motors Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Electric AC Motors Market Segmentation 4.1 Global Electric AC Motors Market, by Type (2022-2027) • Synchronous AC Motors • Induction AC Motors 4.2 Global Electric AC Motors Market, by Voltage (2022-2027) • Integral HP Output • Fractional HP Output 4.3 Global Electric AC Motors Market, by End-Use (2022-2027) • Industrial Machinery • Motor Vehicles • HVAC Equipment • Aerospace & Transportation • Household Appliances • Others 5. North America Electric AC Motors Market (2022-2027) 5.1 North America Electric AC Motors Market, by Type (2022-2027) • Synchronous AC Motors • Induction AC Motors 5.2 North America Electric AC Motors Market, by Voltage (2022-2027) • Integral HP Output • Fractional HP Output 5.3 North America Electric AC Motors Market, by End-Use (2022-2027) • Industrial Machinery • Motor Vehicles • HVAC Equipment • Aerospace & Transportation • Household Appliances • Others 5.4 North America Electric AC Motors Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Electric AC Motors Market (2022-2027) 6.1. Europe Electric AC Motors Market, by Type (2022-2027) 6.2. Europe Electric AC Motors Market, by Voltage (2022-2027) 6.3. Europe Electric AC Motors Market, by End-Use (2022-2027) 6.4. Europe Electric AC Motors Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Electric AC Motors Market (2022-2027) 7.1. Asia Pacific Electric AC Motors Market, by Type (2022-2027) 7.2. Asia Pacific Electric AC Motors Market, by Voltage (2022-2027) 7.3. Asia Pacific Electric AC Motors Market, by End-Use (2022-2027) 7.4. Asia Pacific Electric AC Motors Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Electric AC Motors Market (2022-2027) 8.1. South America Electric AC Motors Market, by Type (2022-2027) 8.2. South America Electric AC Motors Market, by Voltage (2022-2027) 8.3. South America Electric AC Motors Market, by End-Use (2022-2027) 8.4. South America Electric AC Motors Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Electric AC Motors Market (2022-2027) 9.1 Middle East and Africa Electric AC Motors Market, by Type (2022-2027) 9.2. Middle East and Africa Electric AC Motors Market, by Voltage (2022-2027) 9.3. Middle East and Africa Electric AC Motors Market, by End-Use (2022-2027) 9.4. Middle East and Africa Electric AC Motors Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Siemens AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Kirloskar Electric Company 10.3 Johnson Electric 10.4 Rockwell Automation, Inc. 10.5 Baldor Electric Company 10.6 Allied Motion Technologies Inc. 10.7 Ametek Inc. 10.8 Asmo Co. Ltd. 10.9 Franklin Electric Co. Inc. 10.10 ABB 10.11 Chinabase Machinery 10.12 CRRC Zhuzhou Electric Co., Ltd. 10.13 Elprom Harmanli 10.14 Toshiba Corporation 10.15 Nidec Corporation 10.16 Wolong 10.17 WEG 10.18 TECO Electric & Machinery

About This Report

Report ID 97113
Category Electronics
Published Date April 2021
Updated Date April 2022
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