Summary

Global AC Electric Motor Market Size, Share, and Analysis, By Motor Type (Induction Motors, Synchronous Motors, Servo Motors, and Hermetic Motors), By Output Power (Fractional HP Motors (less than 1 HP), Low Power Motors (1 HP to 100 HP), Medium Power Motors (101 HP to 1000 HP), and High Power Motors (above 1000 HP)), By End-Use (Automobile, Industrial Machinery, Power Generation, Metal and Mining, Oil and Gas, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Global AC Electric Motor Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 17.1 billion and is projected to reach USD 30.4 billion by the completion of 2034.
AC electric motors operate using alternating current (AC), a type of electrical current commonly found in homes and businesses worldwide. These motors convert electrical energy into mechanical power through a process called electromagnetic induction. The primary components of an AC motor include the stationary stator, which creates a rotating magnetic field when electricity flows through its coils, and the rotor, which spins in response to this magnetic field. As the rotor turns, electromagnetic induction within it generates a magnetic field that interacts with the stator's field, causing the motor to rotate and drive various types of machinery such as pumps, compressors, and industrial equipment. AC motors are valued for their efficiency, reliability, and versatility across numerous applications.

MARKET HIGHLIGHTS
Global AC Electric Motor Market is expected to reach USD 30.4 billion during the forecast period. This growth is driven by increased industrial automation, which demands more efficient motors for robotics and machinery. The shift towards electric vehicles and renewable energy sources, such as wind turbines, also boosts the demand for AC motors in automotive applications and charging stations. Urban growth drives the need for HVAC systems and infrastructure, heavily relying on AC motors. Innovations in motor design, materials, and control systems further enhance motor performance, efficiency, and reliability, promoting their use in various sectors. Additionally, the growing industrialization and infrastructure developments in emerging economies are increasing the demand for AC motors in construction, manufacturing, and transportation sectors.
Global AC Electric Motor Market Segments:

• By Motor Type
o Induction Motors
o Synchronous Motors
o Servo Motors
o Hermetic Motors
• By Output Power
o Fractional HP Motors (less than 1 HP)
o Low Power Motors (1 HP to 100 HP)
o Medium Power Motors (101 HP to 1000 HP)
o High Power Motors (above 1000 HP)
• By End-Use
o Automobile
o Industrial Machinery
o Power Generation
o Metal and Mining
o Oil and Gas
o Others


MARKET DYNAMICS
Growth Drivers
Urbanization and Infrastructure Development are Critical to Boost the Adoption of AC Electric Motor
Automation and Robotics Will Aid the Market
Restraint
Competition from DC Motors can Limit the Growth of the Global AC Electric Motor Market

Key Players
• ABB Ltd.
• Emerson Electric Co.
• Siemens AG
• Nidec Corporation
• Toshiba Corporation
• Danaher Corporation
• General Electric Company (GE)
• Hitachi, Ltd.
• Regal Beloit Corporation
• WEG S.A.
• Johnson Electric Holdings Limited
• Mitsubishi Electric Corporation
• Schneider Electric SE
• Rockwell Automation, Inc.
• Baldor Electric Company
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Global AC Electric Motor Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Global AC Electric Motor Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Global AC Electric Motor Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Global AC Electric Motor Market
10.1.Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Global AC Electric Motor Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Motor Type
11.3.1.1. Induction Motors
11.3.1.1.1. By Value (USD Million) 2024A-2034F
11.3.1.1.2.Market Share (%) 2024A-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.1.2.Synchronous Motors
11.3.1.2.1.By Value (USD Million) 2024A-2034F
11.3.1.2.2. Market Share (%) 2024A-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.3.Servo Motors
11.3.1.3.1.By Value (USD Million) 2024A-2034F
11.3.1.3.2. Market Share (%) 2024A-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.4.Hermetic Motors
11.3.1.4.1.By Value (USD Million) 2024A-2034F
11.3.1.4.2. Market Share (%) 2024A-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2. By Output Power
11.3.2.1.Fractional HP Motors (less than 1 HP)
11.3.2.1.1.By Value (USD Million) 2024A-2034F
11.3.2.1.2. Market Share (%) 2024A-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.2. Low Power Motors (1 HP to 100 HP)
11.3.2.2.1. By Value (USD Million) 2024A-2034F
11.3.2.2.2.Market Share (%) 2024A-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2.3. Medium Power Motors (101 HP to 1000 HP)
11.3.2.3.1. By Value (USD Million) 2024A-2034F
11.3.2.3.2.Market Share (%) 2024A-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2.4. High Power Motors (above 1000 HP)
11.3.2.4.1. By Value (USD Million) 2024A-2034F
11.3.2.4.2.Market Share (%) 2024A-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3. By End-Use
11.3.3.1.Automobile
11.3.3.1.1.By Value (USD Million) 2024A-2034F
11.3.3.1.2. Market Share (%) 2024A-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.2. Industrial Machinery
11.3.3.2.1. By Value (USD Million) 2024A-2034F
11.3.3.2.2.Market Share (%) 2024A-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.3. Power Generation
11.3.3.3.1. By Value (USD Million) 2024A-2034F
11.3.3.3.2.Market Share (%) 2024A-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.4. Metal and Mining
11.3.3.4.1. By Value (USD Million) 2024A-2034F
11.3.3.4.2. Market Share (%) 2024A-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.5. Oil and Gas
11.3.3.5.1. By Value (USD Million) 2024A-2034F
11.3.3.5.2.Market Share (%) 2024A-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.6. Others
11.3.3.6.1. By Value (USD Million) 2024A-2034F
11.3.3.6.2.Market Share (%) 2024A-2034F
11.3.3.6.3.Y-o-Y Growth (%) 2024A-2034F
12. North America Global AC Electric Motor Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Motor Type
12.3.2.By Output Power
12.3.3.By End-Use
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Global AC Electric Motor Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Motor Type
13.3.2.By Output Power
13.3.3.By End-Use
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Global AC Electric Motor Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Motor Type
14.3.2.By Output Power
14.3.3.By End-Use
14.4.Country
14.4.1.India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Global AC Electric Motor Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Motor Type
15.3.2.By Output Power
15.3.3.By End-Use
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Global AC Electric Motor Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Motor Type
16.3.2.By Output Power
16.3.3.By End-Use
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.ABB Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2.Emerson Electric Co.
18.3.Siemens AG
18.4. Nidec Corporation
18.5.Toshiba Corporation
18.6.Danaher Corporation
18.7.General Electric Company (GE)
18.8. Hitachi, Ltd.
18.9.Regal Beloit Corporation
18.10.WEG S.A.
18.11. Johnson Electric Holdings Limited
18.12. Mitsubishi Electric Corporation
18.13. Schneider Electric SE
18.14.Rockwell Automation, Inc.
18.15. Baldor Electric Company
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation