Market Insights:
The global Electric AC Motors Market is projected to grow from USD 109 Bn in 2021 to 216.08 Bn by 2030, at a CAGR of 7.9% in forecast period, 2022-2030.
Driver:
The increased adoption of Electric AC Motors in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Electric AC Motors also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Electric AC Motors in many sectors also boosts the market growth during the forecast period.
Electric alternating current motors are utilised in a variety of applications including machine tools, household appliances, HVAC, transportation, and industrial applications. Electric alternating current motors are utilised in industrial applications such as power conversion from electrical to mechanical. Single phase electric alternating current motors are modest in size and are usually utilised for low-power conversion applications such as fans, freezers, hair dryers, washing machines, and mixers.
Electric AC Motors Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Synchronous AC Motors, Induction AC Motors.), By Voltage (Integral HP Output, Fractional HP Output.), and companies (Johnson Electric, Ametek, Asmo, Baldor Electric, ABB, Baldor Electric, Toshiba, Siemens, Rockwell Automation, Franklin Electric, Allied Motion Technologies.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.9%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 216.08 Billion |
| CAGR (2022-2030) | 7.9% |
| By Type | Synchronous AC Motors, Induction AC Motors. |
| By Voltage | Integral HP Output, Fractional HP Output. |
| By End-use | Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Johnson Electric, Ametek, Asmo, Baldor Electric, ABB, Baldor Electric, Toshiba, Siemens, Rockwell Automation, Franklin Electric, Allied Motion Technologies. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Electric AC Motors market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Johnson Electric, Ametek, Asmo, Baldor Electric, ABB, Baldor Electric, Toshiba, Siemens, Rockwell Automation, Franklin Electric, Allied Motion Technologies.
Market Segment Analysis:
By Type
- Synchronous AC Motors
- Induction AC Motors
By Voltage
- Integral HP Output
- Fractional HP Output
By End-use
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace & Transportation
- Household Appliances
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Electric AC Motors industries in the region.
Key Electric AC Motors Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Electric AC Motors Market segments.
– Largest Market Share Held by Industry to Industry for Electric AC Motors
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Electric AC Motors Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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