Electric AC Motors Market Overview

The total global market for the “ 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. The report analyzed by Maximize Market Research, on the “ Electric AC Motors market, covers an extensive regional analysis and competitive landscape.

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Electric AC Motors Market Report Scope and Research Methodology

The report provides a thorough analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics on Electric AC Motors . The report also provides the Electric AC Motors market's present size, growth rates, and company profiles of the top players and producers. The report offers the Electric AC Motors market share and rival sector, as well as an analysis of the major vendors and leading regions.  A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the market.

Electric AC Motors Market Dynamics

The market is expanding as a result of the rising demand for AC motor-driven engines on a global scale. Furthermore, it is anticipated that factors like increased need for industrial machinery and HVAC equipment will fuel market demand by 2029. The demand for AC motors has increased as a result of numerous technical advancements that have occurred during the past few years. Over the course of the forecast period, the market is anticipated to rise significantly as a result of the expanding number of industries in both developed and emerging nations. The market is also being driven by the extensive use of these components in various industrial equipment, such as fixed cranes, conveyor belts, electric saws, and others.

Electric AC Motors Market Segmentation

by Type
Synchronous AC Motors
Induction AC Motors

The market is divided into Synchronous AC Motors and Induction AC Motors based on Type. By 2029, the Synchronous AC Motors segment is anticipated to have the greatest market share. Synchronous motors are typically more energy-efficient than induction motors, while they can occasionally achieve efficiencies of more than 90%. A synchronous motor without a load attached to its shaft is used to improve power factor. Because of its capacity to function at any electrical power factor and the cost of static capacitors, it is used in power systems. Applications where the operating speed is modest (about 500 rpm) but the power output is high use synchronous motors.

by End-Use
Industrial Machinery
Motor Vehicles
HVAC Equipment
Aerospace & Transportation
Household Appliances
Others

The market is divided into industrial machinery, automobiles, HVAC equipment, aerospace & transportation, home appliances, and others based on end-use. Motor manufacturers have several chances in this market because most businesses rely on motorised automation. A wide range of sectors, including utilities, oil & gas, cement, mining, renewables, petrochemicals, chemicals, and water & wastewater treatment, use electric AC motors for pumps, boilers, compressors, and other applications.

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Electric AC Motors Market Key Players

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

Electric AC Motors Market Regional Insights

The Electric AC Motors market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, market penetration, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Electric AC Motors market status in various

Key questions answered in the Electric AC Motors Market are:

• What is Electric AC Motors ?
• What was the Electric AC Motors market size in 2022?
• What is the growth rate of the Electric AC Motors Market?
• Which are the factors expected to drive the Electric AC Motors market growth?
• What are the different segments of the Electric AC Motors Market?
• What growth strategies are the players considering to increase their presence in Electric AC Motors ?
• What are the upcoming industry applications and trends for the Electric AC Motors Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric AC Motors Market?
• What is the demand pattern of the Electric AC Motors Market?
• What major challenges could the Electric AC Motors Market face in the future?
• What segments are covered in the Electric AC Motors Market?
• What segments are covered in the Electric AC Motors Market?
• What are the upcoming industry applications and trends for the Electric AC Motors Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric AC Motors Market?

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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