Global AC Electric Motor Market Size, Trends & Growth Opportunity, By Type (Induction AC Motors (Single Phase and Poly Phase) and Synchronous AC Motors (DC Excited Rotor, Permanent Magnet, Hysteresis Motor, and Reluctance Motor)), By End-user Industry (Oil & Gas, Chemical & Petrochemical, Power Generation, Water & Wastewater, Metal & Mining, Food & Beverage, and Discrete Industries), By Region and Forecast till 2030.
Global AC Electric Motor Market
The Global AC Electric Motor Market is expected to grow from US$ 134 Billion in 2022 to US$ 207.3 Billion by 2030; it is estimated to grow at a CAGR of 5.60% from 2023-2030.
Market Overview
An electric motor known as an AC motor, or alternating current motor, transforms electrical current into mechanical power through the use of a stator and a coil that are both powered by alternating current. The stator is the motor's stationary component, and the rotor is its revolving component. AC motors can be single- or three-phase, with three-phase motors typically being used for converting large amounts of electricity.
Market Drivers
The market for electric AC motors is also growing as a result of the increased demand for HVAC systems. The heating and air-conditioning (HVAC) industry has grown as a result of the demand for heating and cooling in residential, commercial, and industrial structures. As a result, during new construction activities, the supply of HVAC equipment in buildings is prioritised as a critical element. In addition, it has raised the long-term demand for electric motor utilisation. Countries that are developing, with expanding commercial sectors and rising standards of living, are the main forces behind the HVAC industry.
Market Restraints
AC Electric motor utilisation is constrained by the need for maintenance, which raises costs and results in downtime.
Impact of Covid-19
All industries have been negatively impacted by the worldwide health emergency brought on by the COVID-19 new coronavirus's rapid proliferation. After tight regulations like a statewide shutdown are imposed to limit the virus's spread, industries must endure a significant loss. As a result, the viral pandemic has changed the market for electric motors. Due to a lack of personnel and travel restrictions, production operations have been halted and the market has come to a standstill. This is because the market is enormous and has extensive sales channels that span multiple nations. Therefore, currency depreciation cost component makers money and is expected to further restrain the Global AC Electric Motors Market.
Market Segmentation
Segmentation By Type: Global AC Electric Motor Market is segmented into Type such as Induction AC Motors and Synchronous AC Motors. Further Induction AC Motors is segmented into Single Phase and Poly Phase. Synchronous AC Motors is segmented into DC Excited Rotor, Permanent Magnet, Hysteresis Motor, and Reluctance Motor.
Segmentation By End User-Industry: Global AC Electric Motor Market is segmented into Oil & Gas, Chemical & Petrochemical, Power Generation, Water & Wastewater, Metal & Mining, Food & Beverage, and Discrete Industries.
Segmentation By Region: Global AC Electric Motor Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such Denso corporation, ASRC Systems Inc., Siemens AG, Kirloskar Electric Company, Johnson Electric, Emerson Electric Co., Rockwell Automation, Inc., Franklin Electric Co. Inc., and ABB Limited.
Industrial Development
• In January 2022, BMW will power the BMW iX m60 with a fifth-generation magnet-free motor that functions as a three-phase AC synchronous motor. The motor will offer a method of increasing efficiency without the use of rare earth materials by fusing common sense with cutting-edge EV technology.
• Piech Automotive, a Swiss electric vehicle startup, began testing its GT electric sports car in October 2021. Three synchronous motors, one at the front and one at the rear axle, are stated to have a system output of 450 kW and are used to power the vehicle.
Market Taxonomy
By Type
• Induction AC Motors
o Single Phase
o Poly Phase
• Synchronous AC Motors
o DC Excited Rotor
o Permanent Magnet
o Hysteresis Motor
o Reluctance Motor
By End-user Industry
• Oil & Gas
• Chemical & Petrochemical
• Power Generation
• Water & Wastewater
• Metal & Mining
• Food & Beverage
• Discrete Industries
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global AC Electric Motor Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global AC Electric 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 Global AC Electric 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 Global AC Electric Motors Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global AC Electric Motors Market Share Analysis, By Type
5.3 Global AC Electric Motors Market Size and Forecast, By Type
5.3.1 Induction AC Electric Motors
5.3.1.1 Single Phase
5.3.1.2 Poly Phase
5.3.2 Synchronous AC Electric Motors
5.3.2.1 DC Excited Rotor
5.3.2.2 Permanent Magnet
5.3.2.3 Hysteresis Motor
5.3.2.4 Reluctance Motor
6 Global AC Electric Motors Market, By End user Industry
6.1 Y-o-Y Growth Comparison, By End user Industry
6.2 Global AC Electric Motors Market Share Analysis, By End user Industry
6.3 Global AC Electric Motors Market Size and Forecast, By End user Industry
6.3.1 Oil & Gas
6.3.2 Chemical & Petrochemical
6.3.3 Power Generation
6.3.4 Water & Wastewater
6.3.5 Metal & Mining
6.3.6 Food & Beverage
6.3.7 Discrete Industries
7 Global AC Electric Motors Market, By Region
7.1 Global AC Electric Motors Market Share Analysis, By Region
7.2 Global AC Electric Motors Market Share Analysis, By Region
7.3 Global AC Electric Motors Market Size and Forecast, By Region
8 North America AC Electric Motors Market Analysis and Forecast 2023 – 2030)
8.1 Introduction
8.2 North America AC Electric Motors Market Share Analysis, By Type
8.3 North America AC Electric Motors Market Size and Forecast, By End user Industry
8.4 North America AC Electric Motors Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9 Europe AC Electric Motors Market Analysis and Forecast 2023 – 2030)
9.1 Introduction
9.2 Europe AC Electric Motors Market Share Analysis, By Type
9.3 Europe AC Electric Motors Market Size and Forecast, By End user Industry
9.4 Europe AC Electric Motors Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific AC Electric Motors Market Analysis and Forecast 2023 – 2030)
10.1 Introduction
10.2 Asia Pacific AC Electric Motors Market Share Analysis, By Type
10.3 Asia Pacific AC Electric Motors Market Size and Forecast, By End user Industry
10.4 Asia Pacific AC Electric Motors Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America AC Electric Motors Market Analysis and Forecast 2023 – 2030)
11.1 Introduction
11.2 Latin America AC Electric Motors Market Share Analysis, By Type
11.3 Latin America AC Electric Motors Market Size and Forecast, By End user Industry
11.4 Latin America AC Electric Motors Market Size and Forecast, By Country
12 Middle East AC Electric Motors Market Analysis and Forecast 2023 – 2030)
12.1 Introduction
12.2 Middle East AC Electric Motors Market Share Analysis, By Type
12.3 Middle East AC Electric Motors Market Size and Forecast, By End user Industry
12.4 Middle East AC Electric Motors Market Size and Forecast, By Country
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
15.1 Denso corporation
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 ASRC Systems 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 Siemens AG
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 Kirloskar Electric Company
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 Emerson Electric Co.
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 ABB Limited
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
