Electric AC Motors Market size was valued at US$ 110.59 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.5% from 2022 to 2029, reaching nearly US$ 197.23 Bn.

Electric AC Motors Market Overview

The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios, Industry benchmarks, region wise market potential and Industry rivalry.  The segment wise analytics cover the segment wise scope for the market, facilitating the companies in segment related decision making. 

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Electric AC Motors Market Report Scope and Research Methodology

The report on Electric AC Motors Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Electric AC Motors market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Electric AC Motors industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.  

Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Electric AC Motors market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Electric AC Motors market size, the bottom-up approach was used.

Electric AC Motors Market Regional Insights

The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, market drivers, barriers, CAGR, and import and export in all the regions

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Electric AC Motors Market Segmentation

by Type

• Synchronous AC Motors
• Induction AC Motors

Based on the Type, the market is segmented into Synchronous AC Motors and Induction AC Motors. Synchronous AC Motors segment is expected to hold the largest market share of % by 2029. In rare circumstances, synchronous motors can attain efficiencies of more than 90%, and they are generally more energy-efficient than induction motors. For power factor enhancement, a synchronous motor with no load connected to its shaft is employed.

by Voltage

• Integral HP Output
• Fractional HP Output

by End-Use

• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others

Based on the End-Use, the market is segmented into Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, and Others. The Industrial Machinery segment is expected to grow rapidly at a CAGR of % during the forecast period 2022-2029. Most industries rely on motorized automation, thus this segment offers plenty of opportunities for motor manufacturers. Pumps, boilers, compressors, and other applications utilizing electric AC motors are found in a variety of industries, including utilities, oil & gas, cement, and mining, as well as renewables, petrochemicals, chemicals, and water & wastewater treatment.

Beverage Metal Cans Market Key Players

• Siemens AG
• Kirloskar Electric Company
• Johnson Electric
• Rockwell Automation, Inc.
• Baldor Electric Company
• Allied Motion Technologies Inc.
• Ametek Inc.
• Asmo Co. Ltd.
• Franklin Electric Co. Inc.
• ABB
• Chinabase Machinery
• CRRC Zhuzhou Electric Co., Ltd.
• Elprom Harmanli
• Toshiba Corporation
• Nidec Corporation
• Wolong
• WEG
• TECO Electric & Machinery

Key questions answered in the Electric AC Motors Market are:

• What is Electric AC Motors?
• What are the global trends in the Electric AC Motors Market?
• What was the Electric AC Motors Total Market size in 2022?
• What is expected Electric AC Motors Market size by 2029?
• Who held the largest market share in Electric AC Motors Market?
• Who are the leading companies and what are their portfolios in Electric AC Motors Market?
• What are the major challenges that the Electric AC Motors Industry could face in the future?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
• Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis

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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