Global Electric AC Motors Market Report Size, Trends & Growth Opportunity, By End Use (Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others), By Voltage Output (Integral HP Output, Fractional HP Output), By Type (Synchronous AC Motors, Induction AC Motors), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Electric AC Motors Market
The Global Electric AC Motors Market is estimated to be USD 87,500 Mn in 2021 and is projected to reach USD 1,85,200 Mn by 2027, growing at a CAGR of 9.90%.
A kind of electric motor which uses an electromagnetic induction phenomenon is an AC electric motors.
Market Drivers
The development of energy-efficient motors may be encouraged by strict designing and manufacturing requirements, which would considerably boost the market. Also, the expansion of the industry may be positively impacted by the rising production of household appliances, automobiles, and other motor-driven devices.
For instance, the Chairman of Tata Motors declared in June 2021 that the business will aggressively expand its presence in electric vehicles (EVs) and introduce ten new battery-electric vehicles across India by 2025.Consumers and the government are investing a lot of money in the adoption of electric vehicles, which is causing the market for electric vehicles to expand globally.
Market Restraints
The electric AC motor pricing is dependent on the price of raw materials such as permanent magnet, steel bars, Copper wires and precision thin metals such as specialty alloys, many of these materials are sourced from China, Africa and South American Countries. In an Electric AC motor market, the price of the product determines the dominance of certain suppliers. Any fluctuation in the raw materials prices have a direct impact on the AC Motor prices.
Hence, the resulting price fluctuations have to be borne by the other manufacturers/suppliers in the market, with various factors moving around such as shortage of components and supply chain issues, the price of raw materials in the global market is unstable and imposes a restraint on the global electric Motor Market.
Market Segmentation
The Electric AC Motors Market is segmented into major 4 categories. Based on Voltage Output, the market is segmented into Integral HP Output, Fractional HP Output. Based on Type, the market is divided into Synchronous AC Motors, Induction AC Motors. Based on the End Use, the market is segmented into Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Based on region Asia-Pacific region dominates the Electric AC Motors Market across the world owing to the region's automobile industry is rapidly booming and, in each sector, Asia Pacific countries are shifting toward internet-based industrial activities as a result of fast industrialization.
North America is anticipated to grow at a significant CAGR as this region are the largest market for premium efficiency motors, which are used in HVAC, industrial applications, and electric cars.
Market Key Players
Some of the key players operating in the Global Electric AC Motors Market are Ametek Inc., Allied Motion Technologies Inc., ABB Motors and Mechanical, Siemens, Johnson Electric, Rockwell Automation Inc., Franklin Electric Co. Inc., Asmo Co. Ltd.
Industry development
In December 2022 Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, announced that Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions, has joined the PartnerNetwork Program as a Gold Technology Partner.
In March 2022 with the BL 89 SI AC motor, MAE presents a high-speed motor that offers many functions thanks to the integrated electronics. On the one hand, this enables an enormously wide speed range of 3000-20,000 rpm, and allows simple control of inrush current, continuous current and speed on the other hand.
Market Taxonomy
By Voltage Output
o Integral HP Output
o Fractional HP Output
By End Use
o Industrial Machinery
o Motor Vehicles
o HVAC Equipment
o Aerospace & Transportation
o Household Appliances
o Others
By Type
o Synchronous AC Motors
o Induction AC Motors
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Clove Bud Essential Oil Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Electric AC Motors Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Electric AC Motors Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Electric AC Motors Market, By Voltage Output
5.1 Y-o-Y Growth Comparison, By Voltage Output
5.2 Electric AC Motors Market Share Analysis, By Voltage Output
5.3 Electric AC Motors Market Size and Forecast, By Voltage Output
5.3.1 Integral HP Output
5.3.2 Fractional HP Output
6 Electric AC Motors Market, By End Use
6.1 Y-o-Y Growth Comparison, By End Use
6.2 Electric AC Motors Market Share Analysis, By End Use
6.3 Electric AC Motors Market Size and Forecast, By End Use
6.3.1 Industrial Machinery
6.3.2 Motor Vehicles
6.3.3 HVAC Equipment
6.3.4 Aerospace & Transportation
6.3.5 Household Appliances
6.3.6 Others
7 Electric AC Motors Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Electric AC Motors Market Share Analysis, By Type
7.3 Electric AC Motors Market Size and Forecast, By Type
7.3.1 Synchronous AC Motors
7.3.2 Induction AC Motors
8 Electric AC Motors Market, By Region
8.1 Electric AC Motors Market Share Analysis, By Region
8.2 Electric AC Motors Market Share Analysis, By Region
8.3 Electric AC Motors Market Size and Forecast, By Region
9 North America Electric AC Motors Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Electric AC Motors Market Share Analysis, By Voltage Output
9.3 North America Electric AC Motors Market Size and Forecast, By End Use
9.4 North America Electric AC Motors Market Size and Forecast, By Type
9.5 North America Electric AC Motors Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Electric AC Motors Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Electric AC Motors Market Share Analysis, By Voltage Output
10.3 Europe Electric AC Motors Market Size and Forecast, By End Use
10.4 Europe Electric AC Motors Market Size and Forecast, By Type
10.5 Europe Electric AC Motors Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Electric AC Motors Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Electric AC Motors Market Share Analysis, By Voltage Output
11.3 Asia Pacific Electric AC Motors Market Size and Forecast, By End Use
11.4 Asia Pacific Electric AC Motors Market Size and Forecast, By Type
11.5 Asia Pacific Electric AC Motors Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Electric AC Motors Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Electric AC Motors Market Share Analysis, By Voltage Output
12.3 Latin America Electric AC Motors Market Size and Forecast, By End Use
12.4 Latin America Electric AC Motors Market Size and Forecast, By Type
12.4 Latin America Electric AC Motors Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Electric AC Motors Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Electric AC Motors Market Share Analysis, By Voltage Output
13.3 Middle East Electric AC Motors Market Size and Forecast, By End Use
13.4 Middle East Electric AC Motors Market Size and Forecast, By Type
13.5 Middle East Electric AC Motors Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Ametek Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Allied Motion Technologies Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 ABB Motors and Mechanical
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Siemens
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Johnson Electric
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Rockwell Automation Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Franklin Electric Co. Inc.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Asmo Co. Ltd.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
