Market Overview:
The global AC synchronous motor 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 motors across various industries. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The global AC synchronous motor market can be segmented on the basis of type into reluctance motors, permanent magnet synchronous motors (PMSMs), hysteresis motors, direct current excited (DCE) motors and stepper motors. PMSMs are expected to witness high growth during the forecast period owing to their high efficiency and low noise levels as compared with other types of AC synchronous motors. On the basis of application, the global AC synchronous motor market can be divided into chemicals & petrochemicals, oil & gas, metals and mining, pulp & paper, food and beverage, automotive and transportation and others.
Product Definition:
An AC synchronous motor is a type of electric motor that uses the principles of electromagnetism to rotate an electric fan or other device. The rotor, or rotating part, of the machine is powered by a magnetic field created by electricity passing through coils in the stator, or stationary part.
Reluctance Motor:
The reluctance motor is a type of electric motor that uses two conductors to generate magnetic fields, which cause the rotor to move. These motors are used in applications such as home appliances and industrial equipment. The AC Synchronous Motor market has witnessed significant growth over the past few years owing to its increasing demand across various industries including automotive & transportation, packaging, electrical & electronics manufacturing and construction industry among others.
Growing population coupled with rapid urbanization in emerging economies such as India.
Permanent Magnet Synchronous Motors:
PMSM is a type of electric motor which has permanent magnets and synchronous speed. It's used in applications such as printing, copiers, scanners, medical equipment and other heavy machinery. PMSM has high torque density at low speeds which makes it suitable for various applications where low speed is required.
Application Insights:
The chemicals and petrochemicals segment dominated the global market in 2017. The growth of this application can be attributed to the rising demand for synchronous motors from various industries including oil and gas, chemical, cement, metal and mining. These motors are used in processes such as fluid handling systems, process cooling systems along with other applications such as metallurgy equipment driveshaft system.
The food & beverage industry is anticipated to witness a significant growth rate over the forecast period owing to increasing automation technologies across breweries and distilleries worldwide. This has resulted in reduced human labor hours at these facilities which further boosts product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in industrialization, especially China and India. Growing demand for motors from various end-use industries such as food and beverage, chemicals and petrochemicals are expected to drive the regional market growth over the forecast period.
The growing manufacturing sector across emerging economies of Asia Pacific including China, India, Thailand etc., is anticipated to boost product demand across several industries such as automotive; electrical machinery; construction; industrial applications etc.
Growth Factors:
- Increasing demand for energy-efficient electric motors
- Growing popularity of AC synchronous motors in renewable energy applications
- Rising demand from the automotive sector
- Proliferation of smart grids and the Internet of Things (IoT)
- Technological advancements in AC synchronous motor design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Synchronous Motor Market Research Report
By Type
Reluctance Motor, Permanent Magnet Synchronous Motors, Hysteresis Motor, Direct Current Excited Motor, Stepper Motor
By Application
Chemicals & Petrochemicals, Oil & Gas, Metals and Mining, Pulp & Paper, Food and Beverage, Automotive and Transportation, Others
By Companies
ABB, Siemens, General Electric, Rockwell Automation, Toshiba, WEG, Bosch, Johnson Electric, Hitachi, Emerson Electric, Nidec, Arc Systems, AMETEK, Regal Beloit, Franklin Electric, Allied Motion, Maxon Motor, TECO Westinghouse, Dumore Corporation
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global AC Synchronous Motor Market Report Segments:
The global AC Synchronous Motor market is segmented on the basis of:
Types
Reluctance Motor, Permanent Magnet Synchronous Motors, Hysteresis Motor, Direct Current Excited Motor, Stepper 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
Chemicals & Petrochemicals, Oil & Gas, Metals and Mining, Pulp & Paper, Food and Beverage, Automotive and Transportation, Others
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
- General Electric
- Rockwell Automation
- Toshiba
- WEG
- Bosch
- Johnson Electric
- Hitachi
- Emerson Electric
- Nidec
- Arc Systems
- AMETEK
- Regal Beloit
- Franklin Electric
- Allied Motion
- Maxon Motor
- TECO Westinghouse
- Dumore Corporation
Highlights of The AC Synchronous Motor 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:
- Reluctance Motor
- Permanent Magnet Synchronous Motors
- Hysteresis Motor
- Direct Current Excited Motor
- Stepper Motor
- By Application:
- Chemicals & Petrochemicals
- Oil & Gas
- Metals and Mining
- Pulp & Paper
- Food and Beverage
- Automotive and Transportation
- Others
- 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 Synchronous Motor 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
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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 synchronous motors are a type of electric motor that uses an AC power supply. They are often used in applications where high torque and low speed is required, such as in industrial machinery or vehicles.
Some of the major companies in the ac synchronous motor market are ABB, Siemens, General Electric, Rockwell Automation, Toshiba, WEG, Bosch, Johnson Electric, Hitachi, Emerson Electric, Nidec, Arc Systems, AMETEK, Regal Beloit, Franklin Electric, Allied Motion, Maxon Motor, TECO Westinghouse, Dumore Corporation.
The ac synchronous motor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Synchronous Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Synchronous Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Synchronous Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Synchronous Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Synchronous Motor Market Size & Forecast, 2018-2028
4.5.1 AC Synchronous Motor Market Size and Y-o-Y Growth
4.5.2 AC Synchronous Motor Market Absolute $ Opportunity
Chapter 5 Global AC Synchronous Motor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 AC Synchronous Motor Market Size Forecast by Type
5.2.1 Reluctance Motor
5.2.2 Permanent Magnet Synchronous Motors
5.2.3 Hysteresis Motor
5.2.4 Direct Current Excited Motor
5.2.5 Stepper Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AC Synchronous Motor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 AC Synchronous Motor Market Size Forecast by Applications
6.2.1 Chemicals & Petrochemicals
6.2.2 Oil & Gas
6.2.3 Metals and Mining
6.2.4 Pulp & Paper
6.2.5 Food and Beverage
6.2.6 Automotive and Transportation
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Synchronous Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Synchronous Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America AC Synchronous Motor Analysis and Forecast
9.1 Introduction
9.2 North America AC Synchronous Motor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America AC Synchronous Motor Market Size Forecast by Type
9.6.1 Reluctance Motor
9.6.2 Permanent Magnet Synchronous Motors
9.6.3 Hysteresis Motor
9.6.4 Direct Current Excited Motor
9.6.5 Stepper Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America AC Synchronous Motor Market Size Forecast by Applications
9.10.1 Chemicals & Petrochemicals
9.10.2 Oil & Gas
9.10.3 Metals and Mining
9.10.4 Pulp & Paper
9.10.5 Food and Beverage
9.10.6 Automotive and Transportation
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe AC Synchronous Motor Analysis and Forecast
10.1 Introduction
10.2 Europe AC Synchronous Motor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe AC Synchronous Motor Market Size Forecast by Type
10.6.1 Reluctance Motor
10.6.2 Permanent Magnet Synchronous Motors
10.6.3 Hysteresis Motor
10.6.4 Direct Current Excited Motor
10.6.5 Stepper Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe AC Synchronous Motor Market Size Forecast by Applications
10.10.1 Chemicals & Petrochemicals
10.10.2 Oil & Gas
10.10.3 Metals and Mining
10.10.4 Pulp & Paper
10.10.5 Food and Beverage
10.10.6 Automotive and Transportation
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific AC Synchronous Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AC Synchronous Motor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific AC Synchronous Motor Market Size Forecast by Type
11.6.1 Reluctance Motor
11.6.2 Permanent Magnet Synchronous Motors
11.6.3 Hysteresis Motor
11.6.4 Direct Current Excited Motor
11.6.5 Stepper Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific AC Synchronous Motor Market Size Forecast by Applications
11.10.1 Chemicals & Petrochemicals
11.10.2 Oil & Gas
11.10.3 Metals and Mining
11.10.4 Pulp & Paper
11.10.5 Food and Beverage
11.10.6 Automotive and Transportation
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America AC Synchronous Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America AC Synchronous Motor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America AC Synchronous Motor Market Size Forecast by Type
12.6.1 Reluctance Motor
12.6.2 Permanent Magnet Synchronous Motors
12.6.3 Hysteresis Motor
12.6.4 Direct Current Excited Motor
12.6.5 Stepper Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America AC Synchronous Motor Market Size Forecast by Applications
12.10.1 Chemicals & Petrochemicals
12.10.2 Oil & Gas
12.10.3 Metals and Mining
12.10.4 Pulp & Paper
12.10.5 Food and Beverage
12.10.6 Automotive and Transportation
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) AC Synchronous Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AC Synchronous Motor Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) AC Synchronous Motor Market Size Forecast by Type
13.6.1 Reluctance Motor
13.6.2 Permanent Magnet Synchronous Motors
13.6.3 Hysteresis Motor
13.6.4 Direct Current Excited Motor
13.6.5 Stepper Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) AC Synchronous Motor Market Size Forecast by Applications
13.10.1 Chemicals & Petrochemicals
13.10.2 Oil & Gas
13.10.3 Metals and Mining
13.10.4 Pulp & Paper
13.10.5 Food and Beverage
13.10.6 Automotive and Transportation
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Synchronous Motor Market: Competitive Dashboard
14.2 Global AC Synchronous Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 General Electric
14.3.4 Rockwell Automation
14.3.5 Toshiba
14.3.6 WEG
14.3.7 Bosch
14.3.8 Johnson Electric
14.3.9 Hitachi
14.3.10 Emerson Electric
14.3.11 Nidec
14.3.12 Arc Systems
14.3.13 AMETEK
14.3.14 Regal Beloit
14.3.15 Franklin Electric
14.3.16 Allied Motion
14.3.17 Maxon Motor
14.3.18 TECO Westinghouse
14.3.19 Dumore Corporation
