Market Overview:
The global AC electric motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and reliable electric motors across different industries. In addition, the growing awareness about the benefits of using AC electric motors is also contributing to the growth of this market. The global AC electric motors market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into induction motor and synchronous motor. The induction motor segment is expected to account for a major share in terms of revenue in 2018 owing to its high efficiency and reliability as compared with other types of electric motors available in the market today. On the basis of application, it can be classified into industrial, automotive, agriculture, construction industry power industry among others segments .Regionally speaking ,the global AC Electric Motors Market has been segmented into North America Latin America Europe Asia Pacific Middle East & Africa With respect To each region ,market size And Y-O-Y Growth Analysis Is Provided Along With Major Countries In Each Region .
Product Definition:
An AC electric motor is a device that converts electrical energy into mechanical energy. The importance of AC electric motors is that they are used to power a variety of devices, including appliances, machines, and vehicles.
Induction Motor:
Induction motors are used in various applications such as household appliances, industrial machinery and equipment, automotive industry. The global induction motor market is expected to witness significant growth on account of increasing demand for electric vehicles (EVs) and energy-efficient products.
Induction motors have low power consumption characteristics which make them suitable for use in EV batteries.
Synchronous Motor:
It operates at a constant speed, and It produces an even frequency of vibration. These motors are used in applications where high power density is required with low fluctuation in the output power. They are also used for producing high torque at low speeds which makes them ideal for various industrial applications such as fans, pumps, compressors etc.
Application Insights:
The industrial segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The product demand in this application segment is driven by its use in a wide range of industries including food & beverage, chemical, paper & pulp, mining and civil construction. Rapid urbanization coupled with rising living standards has led to an increase in industrial applications across developing economies such as China India and Brazil. In addition, increasing government spending on infrastructure development across key developed economies such as Germany France Italy UK Spain will drive industry expansion over the coming years.
The automotive sector accounted for 24% of total market share by revenue in 2017 owing to growing electric vehicle (EV) production globally coupled with rising demand for passenger cars from countries like China Japan South Korea etc which have been witnessing rapid economic growth over past few decades are expected to propel industry expansion sooner rather than later.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has led to an increase in demand for efficient motors. China is a major manufacturing hub of electric motors owing to easy availability of raw materials and low labor cost. Moreover, countries such as Japan are also emerging as potential manufacturing hubs due to factors such as advanced technology used in production processes and skilled workforce with expertise in electronics & semiconductors, precision equipment & tooling, automation etc., coupled with high demand from domestic markets.
Europe accounted for a significant share of revenue on account of growing automotive industry across several European countries including Germany, France Italy Spain U-K- Sweden Belgium Norway Denmark Finland Estonia Greece Croatia Hungary Romania Bulgaria Slovak Republic Andorra Liechtenstein Switzerland And Ireland among others that have made significant contribution towards motor production worldwide over past few years along with other Eastern European Countries like Poland Russia Ukraine Belarus etc.
Growth Factors:
- Increasing demand for electric vehicles
- Rising demand from the industrial sector
- Growing investments in renewable energy sources
- Proliferation of smart grids and microgrids
- Development of next-generation AC electric motors
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Electric Motors Market Research Report
By Type
Induction Motor, Synchronous Motor
By Application
Industrial, Automotive, Agriculture, Construction, Power Industry, Other
By Companies
ABB, Siemens AG, Johnson Electric Holdings, General Electric, Nidec, Denso, WEG, Bosch Group, Rockwell Automation, Toshiba International, Emerson Electric, Hitachi, Ametek, Regal Beloit, ARC Systems, Baldor Electric, Allied Motion Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global AC Electric Motors Market Report Segments:
The global AC Electric Motors market is segmented on the basis of:
Types
Induction Motor, Synchronous Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Automotive, Agriculture, Construction, Power Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens AG
- Johnson Electric Holdings
- General Electric
- Nidec
- Denso
- WEG
- Bosch Group
- Rockwell Automation
- Toshiba International
- Emerson Electric
- Hitachi
- Ametek
- Regal Beloit
- ARC Systems
- Baldor Electric
- Allied Motion Technologies
Highlights of The AC Electric Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Induction Motor
- Synchronous Motor
- By Application:
- Industrial
- Automotive
- Agriculture
- Construction
- Power Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Electric Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC electric motors are used in a variety of applications, such as small appliances, toys, and power tools. These motors use an AC current to generate electricity and are typically smaller and more efficient than traditional DC electric motors.
Some of the key players operating in the ac electric motors market are ABB, Siemens AG, Johnson Electric Holdings, General Electric, Nidec, Denso, WEG, Bosch Group, Rockwell Automation, Toshiba International, Emerson Electric, Hitachi, Ametek, Regal Beloit, ARC Systems, Baldor Electric, Allied Motion Technologies.
The ac electric motors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. AC Electric Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. AC Electric Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. AC Electric Motors Market - Supply Chain
4.5. Global AC Electric Motors Market Forecast
4.5.1. AC Electric Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. AC Electric Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. AC Electric Motors Market Absolute $ Opportunity
5. Global AC Electric Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. AC Electric Motors Market Size and Volume Forecast by Type
5.3.1. Induction Motor
5.3.2. Synchronous Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global AC Electric Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. AC Electric Motors Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Automotive
6.3.3. Agriculture
6.3.4. Construction
6.3.5. Power Industry
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global AC Electric Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. AC Electric Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global AC Electric Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. AC Electric Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global AC Electric Motors Demand Share Forecast, 2019-2026
9. North America AC Electric Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America AC Electric Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America AC Electric Motors Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Automotive
9.4.3. Agriculture
9.4.4. Construction
9.4.5. Power Industry
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America AC Electric Motors Market Size and Volume Forecast by Type
9.7.1. Induction Motor
9.7.2. Synchronous Motor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America AC Electric Motors Demand Share Forecast, 2019-2026
10. Latin America AC Electric Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America AC Electric Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America AC Electric Motors Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Automotive
10.4.3. Agriculture
10.4.4. Construction
10.4.5. Power Industry
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America AC Electric Motors Market Size and Volume Forecast by Type
10.7.1. Induction Motor
10.7.2. Synchronous Motor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America AC Electric Motors Demand Share Forecast, 2019-2026
11. Europe AC Electric Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe AC Electric Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe AC Electric Motors Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Automotive
11.4.3. Agriculture
11.4.4. Construction
11.4.5. Power Industry
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe AC Electric Motors Market Size and Volume Forecast by Type
11.7.1. Induction Motor
11.7.2. Synchronous Motor
11.8. Basis Point Share (BPS) Analysis by Type
11.. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe AC Electric Motors Demand Share, 2019-2026
12. Asia Pacific AC Electric Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific AC Electric Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific AC Electric Motors Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Automotive
12.4.3. Agriculture
12.4.4. Construction
12.4.5. Power Industry
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific AC Electric Motors Market Size and Volume Forecast by Type
12.7.1. Induction Motor
12.7.2. Synchronous Motor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific AC Electric Motors Demand Share, 2019-2026
13. Middle East & Africa AC Electric Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa AC Electric Motors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa AC Electric Motors Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Automotive
13.4.3. Agriculture
13.4.4. Construction
13.4.5. Power Industry
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa AC Electric Motors Market Size and Volume Forecast by Type
13.7.1. Induction Motor
13.7.2. Synchronous Motor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa AC Electric Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global AC Electric Motors Market: Market Share Analysis
14.2. AC Electric Motors Distributors and Customers
14.3. AC Electric Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson Electric Holdings
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nidec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Denso
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. WEG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bosch Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rockwell Automation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Emerson Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ametek
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Regal Beloit
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ARC Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Baldor Electric
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Allied Motion Technologies
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook