Electric AC Motors Market Industry Size, Leading Players And Covid-19 Business Impact
Electric AC Motors Market overview
As per market research, the total Electric AC Motors Market is expected to grow at a high rate. The report includes the growth drivers, major restraints, upcoming challenges and prevailing opportunities in the global Electric AC Motors market. The region-wise and segment-wise analysis of the dynamics and Electric AC Motors market size has been provided in the report.
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Electric AC Motors Market size was valued at US$ 118.8 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.5% from 2023 to 2029, reaching nearly US$ 197.23 Bn.
Electric AC Motors Market Report Scope and Research Methodology
The research examines the most significant trends within the Electric AC Motors market and their potential impacts on new business investments and industry growth. Market trends influence various factors like new technologies, regulations, government investments, emerging applications, international market entry, and other industry dynamics. This study presents a comprehensive analysis of these trends to assist clients in formulating strategies to enhance their presence in the Electric AC Motors market.
Maximize Market Research delivers exclusive key statistics, facts, insights, trends, and a competitive landscape overview within this specialized field. The current state of the Electric AC Motors market is thoroughly analyzed, and projections are made up to 2029. The study is expected to encompass company profiles, covering aspects such as capacity, production, pricing, costs, revenue, and contact details for global leading Electric AC Motors market manufacturers.
Electric AC Motors Market Dynamics
Electric AC motors are used in domestic appliances, diesel-electric engines, compressors, and stationary cranes. Their main characteristics, such as affordability and effective functioning in harsh conditions, make them suitable for various uses. These high-efficiency products are anticipated to grow quickly due to their extended lifespan, low power consumption, and low maintenance needs.
The increasing demand for AC motor-driven engines worldwide is another factor driving market growth. Furthermore, market demand is anticipated to be driven by factors like the growing need for industrial machinery and HVAC equipment by 2029. The demand for AC motors has increased as a result of different technical advancements over the past few years.
Electric AC Motors Market Segmentation
by Type
Synchronous AC Motors
Induction AC Motors
The market is divided into two segments based on type: Induction AC motors and Synchronous AC motors. By 2029, the sector for synchronous AC motors is anticipated to command the greatest market share. Synchronous motors are often more energy-efficient than induction motors, and they can occasionally achieve efficiencies of over 90%. A synchronous motor with no load attached to its shaft is used to increase power factor. Because it may operate at any electrical power factor, it is used in power systems when static capacitors are too costly. Applications where the operating speed is modest (about 500 rpm) but the power output is high are employed for synchronous motors.
by Voltage
Integral HP Output
Fractional HP Output
by End-Use
Industrial Machinery
Motor Vehicles
HVAC Equipment
Aerospace & Transportation
Household Appliances
Others
Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, and Others are the market segments based on End-Use. Over the projection period of 2023–2029, the Industrial Machinery segment is anticipated to develop at a CAGR of quickly. Since motorised automation is used in most sectors, there are several prospects in this market for motor makers. Many different sectors use electric AC motors for pumps, boilers, compressors, and other purposes. These industries include utilities, oil and gas, mining, cement, renewable energy, petrochemicals, chemicals, and water and wastewater treatment.
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Electric AC Motors Market Key Players include:
1.Siemens AG
2.Kirloskar Electric Company
3.Johnson Electric
4.Rockwell Automation, Inc.
5.Baldor Electric Company
6.Allied Motion Technologies Inc.
7.Ametek Inc.
8.Asmo Co. Ltd.
9.Franklin Electric Co. Inc.
10.ABB
11.Chinabase Machinery
12.CRRC Zhuzhou Electric Co., Ltd.
13.Elprom Harmanli
14.Toshiba Corporation
15.Nidec Corporation
16.Wolong
17.WEG
18.TECO Electric & Machinery
Table of content for the Electric AC Motors Market includes:
Part 01: Executive Summary
Part 02: Scope of the Electric AC Motors Market Report
Part 03: Global Electric AC Motors Market Landscape
Part 04: Global Electric AC Motors Market Sizing
Part 05: Global Electric AC Motors Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Electric AC Motors Market Regional Insights
The report includes a detailed analysis of all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Key Questions answered in the Electric AC Motors Market Report are:
- What is Electric AC Motors?
- What is the expected CAGR of the Electric AC Motors market during the forecast period?
- What is the expected Electric AC Motors market size by 2029?
- What factors are affecting the Electric AC Motors market growth?
- Which region held the largest share of the global Electric AC Motors market?
- What growth strategies are the players considering to increase their presence in Electric AC Motors?
- Who are the leading players in Electric AC Motors Market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
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