Market Overview:
The global hermetic AC 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 hermetic AC motors in residential, commercial, and industrial applications. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global hermetic AC motors market can be segmented into single-phase and three-phase motors. The three-phase motor segment is expected to account for a larger share of the global hermetic AC motors market than the single-phase motor segment during the forecast period. This can be attributed to their higher efficiency as compared to single-phase motors and their ability to handle more power loads. Based on application,the global hermetic AC Motors Market can be divided into residential, commercial, and industrial applications.
Product Definition:
Hermetic AC Motors are sealed motors that use an internal fan to circulate air through the motor and keep it cool. This prevents dust and other contaminants from entering the motor, which can cause it to fail. Hermetic AC Motors are important because they keep the motor clean and help prevent it from failing prematurely.
Single Phase:
Single-phase AC motors are the most commonly used type of electric motor. They are used in numerous applications ranging from small appliances to large industrial equipment. The growth factor for this market is single-phase AC motors because they have a wide range of operating speeds and can be easily integrated into existing systems, which makes them more preferable than other types of electric motors.
Three-Phase:
Three-phase motors have three windings and are used in applications where high power is required with low maintenance. The advantages of using this type of motor include less noise, less vibration, and better efficiency.
The market for hermetic AC motors is growing at a rapid pace owing to the increasing demand from end-use industries such as aerospace & defense, automotive, construction equipment industry among others.
Application Insights:
The residential application segment accounted for the largest share of over 50% in 2017. The growth can be attributed to increasing demand for energy-efficient products with high reliability and durability. Furthermore, growing urbanization across various regions coupled with rising disposable income levels is expected to drive the demand further.
Commercial applications are projected to expand at a CAGR of XX% from 2018 to 2030 owing to increased adoption of hermetic motors in HVAC (heating, ventilation, and cooling) systems as they offer enhanced efficiency along with improved performance characteristics when compared with conventional counterparts. In addition, these motors also find application in numerous other industries including oil & gas and power generation where they are used for driveshafting purposes or auxiliary equipment driving needs such as pumps or turbines among others which is likely to propel industry expansion over the forecast period.
Industrial applications include food & beverage processing plants, chemical plants manufacturing facilities among others where utmost precision.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rapid urbanization and rising disposable income. China is anticipated to dominate Asia Pacific owing to its large-scale manufacturing sector including electrical & electronics industry. Moreover, India has also witnessed a significant rise in demand for hermetic motors due to growing infrastructure activities across several industries such as oil & gas, mining, construction, automotive etc.
Europe accounted for more than 25% of the overall revenue share in 2017 on account of high product penetration across major countries such as Germany and France on account of rising adoption from residential application segment owing to Herculean efforts undertaken by local companies like Siemens AG; Alstom GmbH; General Electric; ABB Ltd.
Growth Factors:
- Increasing demand for energy-efficient electric motors
- Growing popularity of hermetic motors in various industries
- Rising demand from developing countries
- Technological advancements in the manufacturing of hermetic AC motors
- Growing awareness about the benefits of hermetic AC motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Hermetic AC Motors Market Research Report
By Type
Single Phase, Three-Phase
By Application
Residential, Commercial, Industrial
By Companies
Regal Beloit, Aichi Electric Co, Lawkim (Godrej), ABB, LG, Hidria, Nidec, Ametek, Peerless Electric(HBD Industries), Rockwell Automation, Regal Beloit, Yasukawa, Mitsubishi Electric, Fuji Electric, Siemens, Chunin, Gmcc & Welling, Zhuhai Kaibang, Johnson Electric
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Hermetic AC Motors Market Report Segments:
The global Hermetic AC Motors market is segmented on the basis of:
Types
Single Phase, Three-Phase
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
Residential, Commercial, Industrial
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:
- Regal Beloit
- Aichi Electric Co
- Lawkim (Godrej)
- ABB
- LG
- Hidria
- Nidec
- Ametek
- Peerless Electric(HBD Industries)
- Rockwell Automation
- Regal Beloit
- Yasukawa
- Mitsubishi Electric
- Fuji Electric
- Siemens
- Chunin
- Gmcc & Welling
- Zhuhai Kaibang
- Johnson Electric
Highlights of The Hermetic AC 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:
- Single Phase
- Three-Phase
- By Application:
- Residential
- Commercial
- Industrial
- 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 Hermetic AC 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?
Hermetic AC motors are a type of electric motor that uses alternating current to generate power. They are often used in applications where high efficiency and low noise are important, such as medical equipment or industrial applications.
Some of the major companies in the hermetic ac motors market are Regal Beloit, Aichi Electric Co, Lawkim (Godrej), ABB, LG, Hidria, Nidec, Ametek, Peerless Electric(HBD Industries), Rockwell Automation, Regal Beloit, Yasukawa, Mitsubishi Electric, Fuji Electric, Siemens, Chunin, Gmcc & Welling, Zhuhai Kaibang, Johnson Electric.
The hermetic ac motors 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 Hermetic AC Motors 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 Hermetic AC Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hermetic AC Motors 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 Hermetic AC Motors 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 Hermetic AC Motors Market Size & Forecast, 2018-2028
4.5.1 Hermetic AC Motors Market Size and Y-o-Y Growth
4.5.2 Hermetic AC Motors Market Absolute $ Opportunity
Chapter 5 Global Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Three-Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hermetic AC Motors 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 Hermetic AC Motors 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 Hermetic AC Motors Analysis and Forecast
9.1 Introduction
9.2 North America Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Three-Phase
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 Hermetic AC Motors Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Hermetic AC Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Three-Phase
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 Hermetic AC Motors Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Hermetic AC Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Three-Phase
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 Hermetic AC Motors Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Hermetic AC Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Hermetic AC Motors 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 Hermetic AC Motors Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Three-Phase
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 Hermetic AC Motors Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Hermetic AC Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hermetic AC Motors 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) Hermetic AC Motors Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Three-Phase
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) Hermetic AC Motors Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Hermetic AC Motors Market: Competitive Dashboard
14.2 Global Hermetic AC Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Regal Beloit
14.3.2 Aichi Electric Co
14.3.3 Lawkim (Godrej)
14.3.4 ABB
14.3.5 LG
14.3.6 Hidria
14.3.7 Nidec
14.3.8 Ametek
14.3.9 Peerless Electric(HBD Industries)
14.3.10 Rockwell Automation
14.3.11 Regal Beloit
14.3.12 Yasukawa
14.3.13 Mitsubishi Electric
14.3.14 Fuji Electric
14.3.15 Siemens
14.3.16 Chunin
14.3.17 Gmcc & Welling
14.3.18 Zhuhai Kaibang
14.3.19 Johnson Electric
