Summary

The AC motors market is projected to reach USD 6.60 billion by 2029 from an estimated USD 4.60 billion in 2024, at a CAGR of 7.5% during the forecast period (2024–2029). The demand for AC motors is growing because there has been an increased number of applications in industries such as HVAC, manufacturing, oil & gas, and water and wastewater treatment. Their performance, durability, and resistance to automation make them useful for smart manufacturing. Rapid growth in infrastructure projects along with energy-efficient systems and transformation into renewable energy sources also increases use for applications requiring precise and reliable control.
“Induction motor is expected to grow as the largest segment during the forecast period.”
Induction motors are the strongest growing segment of AC motors because of their rugged nature, low maintenance, and all-around applications. They thrive well under changing climatic conditions and are commonly implemented in industries such as HVAC, manufacturing, and renewable energy. Electrification of transportation modes and infrastructure modernization adds to their demand. Induction motors are less costly and versatile to meet high and low speeds with many loads. This is suitable for industrial and consumer markets and has the potential for achieving lower greenhouse gas emissions by being in line with broader global sustainability goals.
“Power segment is expected to emerge as the largest segment by application.”
The power segment is growing the fastest within AC motors due to the growing demand for electricity driven by industrialization, urbanization, and the integration of renewable energy. It is critical for the successful operation of the power generation, transmission, and distribution systems. In turbines and compressors, AC motors handle heavy-duty equipment operations, delivering efficiency in their work. Coupled with the rising demand in power loads and motor durability and efficiency improvements, their trend is set to suit the global shift toward energy optimization. Further, with the increasing investment in smart grids and electrification projects also drives this segment forward.
“China to grow at the highest CAGR for Asia Pacific AC motors market.”
China represents one of the fastest-growing AC motor markets, based on its strong manufacturing industry- it accounts for the largest worldwide. China also benefits rapidly from Industry 4.0 technologies. The drive by this country to automate processes and invest more in smart factories has hugely created an influence on the demand of the AC motors in the industries. Moreover, its efforts for renewable energy and electrical vehicle use are further increasing growth among the power and automobile markets. Low production costs together with government initiatives to update infrastructures and a booming market in exports have cemented leadership status for China in AC motor industry.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%
By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), and NIDEC (Japan) are some of the key players in the AC motors market.
The study includes an in-depth competitive analysis of these key players in the AC motors market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the AC motors market by Type (Induction motors and Synchronou motors), By Power Rating (500 – 900 kW; 900 – 1,200 kW; 1,200 – 5,000 kW; 5,000 – 9,000 kW; 9,000 – 12,000 kW; 12,000 – 15,000 kW; 15,000 – 25,000 kW; Above 25,000 kW), By Voltage (3 kV to 3.6 kV, 3.7 kV to 4.9 kV, 5 kV to 7.2 kV and Above 7.2 kV), By Poles (2 poles, 4 poles, 6 poles, 8 poles, 10 poles, others) By End User (Steel & metals, Mining, Oil & gas, Water & wastewater treatment, Power, Marine and shipbuilding, Petrochemicals, Automotive manufacturing, and Others) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AC motors market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, investment, divestment, new product & service launches, and recent developments associated with the AC motors market. Competitive analysis of upcoming startups in the AC motors market ecosystem is covered in this report.
Key Benefits of Buying the Report
• Analysis of key drivers (burgeoning steel industry is propagating the induction motors growth
, global commitment to decarbonization are creating unprecedented demand for induction & synchronous motors and growing demand in manufacturing industries), restraints (increase in maintenance cost of systems after implementation of induction and synchronous motors and implementation of stringent regulatory standards), opportunities (transition of automotive industry toward electric vehicles and growth of adoption in the oil & gas industry), and challenges (thermal, insulation and mechanical issues are causing a hinderance in high voltage induction motors and shortage of components and supply chain issues) influences the growth of the ac motors market.
• Product Development/ Innovation: GE Vernova, GE's portfolio of energy businesses, announced a significant investment of over USD 450 million in U.S. manufacturing for 2023. This investment aims to enhance capacity, upgrade facilities, and improve production processes. For motors specifically, the investment supports the development and manufacturing of advanced motor technologies, ensuring higher efficiency and reliability. These improvements are expected to boost GE Vernova's competitive edge in the energy sector, particularly in renewable energy and power generation applications.

• Market Development: The development of AC motors are moving towards greater efficiency and power generation. Favorable government policies in carbon emission reduction, increasing demand for AC motors in industrial sectors, create AC motors market growth.
• Market Diversification: The deal indicates that GE Vernova's Power Conversion business is advancing its role in the naval sector by supplying integrated full-electric propulsion systems for the Republic of Singapore Navy's Multi-Role Combat Vessel program. This collaboration highlights GE Vernova's capabilities in providing cutting-edge energy conversion technologies, reinforcing its commitment to innovative solutions in maritime applications, and enhancing energy efficiency and operational performance for naval fleets.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), NIDEC (Japan) among others in the AC motors market.

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Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 26
1.3.2 INCLUSIONS AND EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 28
1.4 LIMITATIONS 28
1.5 UNIT CONSIDERED 28
1.6 CURRENCY CONSIDERED 28
1.7 STAKEHOLDERS 29
1.8 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 31
2.2.1 SECONDARY AND PRIMARY RESEARCH 32
2.2.2 SECONDARY DATA 32
2.2.2.1 Key data derived from secondary sources 32
2.2.2.2 List of major secondary sources 33
2.2.3 PRIMARY DATA 33
2.2.3.1 Key data derived from primary sources 33
2.2.3.2 Key industry insights 34
2.2.3.3 Major participants in primary interviews 34
2.2.3.4 Breakdown of primaries 35
2.3 MARKET SIZE ESTIMATION METHODOLOGY 36
2.3.1 BOTTOM-UP APPROACH 36
2.3.1.1 Demand-side analysis 37
2.3.1.2 Regional analysis 37
2.3.1.3 Country-level analysis 38
2.3.1.4 Demand-side assumptions 38
2.3.1.5 Demand-side calculations 38
2.3.2 TOP-DOWN APPROACH 39
2.3.3 SUPPLY-SIDE ANALYSIS 40
2.3.3.1 Supply-side assumptions 41
2.3.3.2 Supply-side calculations 41
2.3.4 FORECAST ASSUMPTIONS 41
2.4 RISK ANALYSIS 41
 
2.5 RESEARCH ASSUMPTIONS 42
2.6 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
4 PREMIUM INSIGHTS 49
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AC MOTOR MARKET 49
4.2 AC MOTOR MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY 50
4.3 AC MOTOR MARKET, BY TYPE 50
4.4 AC MOTOR MARKET, BY VOLTAGE 51
4.5 AC MOTOR MARKET, BY POWER RATING 51
4.6 AC MOTOR MARKET, BY POLE 52
4.7 AC MOTOR MARKET, BY END USER 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
5.2.1 DRIVERS 54
5.2.1.1 International initiatives focused on decarbonizing steel industry 54
5.2.1.2 Global transition toward clean energy to reduce carbon emissions 55
5.2.1.3 Rapid industrialization and increasing adoption of smart technology 56
5.2.2 RESTRAINTS 56
5.2.2.1 Need for regular maintenance despite high cost 56
5.2.2.2 Requirement to comply with stringent regulatory standards 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Rising demand for electric vehicles 57
5.2.3.2 Growing adoption of AC motors in oil & gas sector 58
5.2.4 CHALLENGES 59
5.2.4.1 Thermal, insulation, and mechanical issues in high-voltage induction motors 59
5.2.4.2 Supply chain issues 59
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
5.4 PRICING ANALYSIS 61
5.4.1 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER RATING, 2021–2023 61
5.4.2 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION, 2021–2023 62
5.5 VALUE CHAIN ANALYSIS 63
5.6 ECOSYSTEM ANALYSIS 64
5.7 INVESTMENT AND FUNDING SCENARIO 66
5.8 TECHNOLOGY ANALYSIS 67
5.8.1 KEY TECHNOLOGIES 67
5.8.1.1 Permanent magnet motors 67
5.8.2 ADJACENT TECHNOLOGIES 67
5.8.2.1 Switched reluctance motors 67
5.9 PATENT ANALYSIS 68
5.10 TRADE ANALYSIS 71
5.10.1 EXPORT DATA (HS CODE 8501) 71
5.10.2 IMPORT DATA (HS CODE 8501) 73
5.11 KEY CONFERENCES AND EVENTS, 2025 74
5.12 CASE STUDY ANALYSIS 75
5.12.1 MENZEL MOTORS DELIVERS INDUCTION MOTOR TO CEMENT PLANT TO MINIMIZE DOWNTIME 75
5.12.2 WEG POWERS CENTRAL ASIA'S LARGEST GAS PLANT WITH HIGH-VOLTAGE MOTORS FOR ENERGY PRODUCTION 76
5.13 TARIFF AND REGULATORY LANDSCAPE 76
5.13.1 TARIFF ANALYSIS 76
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
5.13.3 REGION-WISE AND GLOBAL CODES AND REGULATIONS RELATED TO AC MOTORS 79
5.14 PORTER’S FIVE FORCES ANALYSIS 81
5.14.1 BARGAINING POWER OF SUPPLIERS 82
5.14.2 BARGAINING POWER OF BUYERS 82
5.14.3 THREAT OF NEW ENTRANTS 82
5.14.4 THREAT OF SUBSTITUTES 82
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
5.15.2 BUYING CRITERIA 83
5.16 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET 84
5.16.1 AI/GENERATIVE AI APPLICATIONS OF AC MOTORS 84
5.16.2 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY TYPE AND REGION 85
5.16.3 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY REGION 85
5.17 GLOBAL MACROECONOMIC OUTLOOK 86
5.17.1 INTRODUCTION 86
5.17.2 GDP TRENDS AND FORECAST 86
5.17.3 INFLATION 87
5.17.4 ASPECTS OF MANUFACTURING VALUE ADDED IN AC MOTOR MARKET 87
6 AC MOTOR MARKET, BY POLE 89
6.1 INTRODUCTION 90
6.2 2-POLE 91
6.2.1 ABILITY TO OPERATE AT HIGH-SPEEDS TO BOOST DEMAND 91
 
6.3 4-POLE 92
6.3.1 SUITABILITY FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING MODERATE SPEED AND HIGH TORQUE TO FUEL SEGMENTAL GROWTH 92
6.4 6-POLE 93
6.4.1 INCREASING DEPLOYMENT IN APPLICATIONS REQUIRING HIGH TORQUE, LOW SPEED, AND HEAVY LOADS TO SUPPORT SEGMENTAL GROWTH 93
6.5 8-POLE 94
6.5.1 RISING USE IN HEAVY-DUTY AND LOW-SPEED INDUSTRIAL APPLICATIONS TO FOSTER MARKET GROWTH 94
6.6 10-POLE 95
6.6.1 ABILITY TO HANDLE DEMANDING TASKS WITH HIGH PRECISION AND EFFICIENCY TO DRIVE MARKET 95
6.7 OTHERS 96
7 AC MOTOR MARKET, BY POWER RATING 98
7.1 INTRODUCTION 99
7.2 500–900 KW 100
7.2.1 INCREASING USE IN INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING RELIABLE AND EFFICIENT POWER DELIVERY TO DRIVE MARKET 100
7.3 >900–1,200 KW 101
7.3.1 ABILITY TO HANDLE HEAVY MECHANICAL LOADS WITH CONSISTENT EFFICIENCY TO SPIKE DEMAND 101
7.4 >1,200–5,000 KW 102
7.4.1 RUGGED DESIGN AND EXTREME POWER CAPACITY TO INCREASE ADOPTION IN HEAVY-DUTY INDUSTRIAL APPLICATIONS 102
7.5 >5,000–9,000 KW 103
7.5.1 LARGE-SCALE PROJECTS IN EMERGING MARKETS TO CREATE GROWTH OPPORTUNITIES 103
7.6 >9,000–12,000 KW 104
7.6.1 ADVANCEMENTS IN RENEWABLE ENERGY, INDUSTRIAL AUTOMATION, AND INFRASTRUCTURE DEVELOPMENT TO ELEVATE DEMAND 104
7.7 >12,000–15,000 KW 105
7.7.1 EXCELLENCE IN DELIVERING SUBSTANTIAL POWER OUTPUT TO DRIVE CRITICAL INDUSTRIAL PROCESSES TO BOOST DEMAND 105
7.8 >15,000–25,000 KW 106
7.8.1 CAPABILITY TO MAINTAIN EFFICIENCY UNDER CONTINUOUS HEAVY-DUTY CONDITIONS TO DRIVE MARKET 106
7.9 ABOVE 25,000 KW 107
7.9.1 UNMATCHED EFFICIENCY, RELIABILITY, AND SUPERIOR PERFORMANCE IN HEAVY-DUTY OPERATIONS TO FUEL DEMAND 107
8 AC MOTOR MARKET, BY TYPE 109
8.1 INTRODUCTION 110
8.2 INDUCTION MOTORS 111
8.2.1 SIMPLICITY, SCALABILITY, AND COST-EFFECTIVENESS FEATURES TO SPUR DEMAND 111
8.3 SYNCHRONOUS MOTORS 112
8.3.1 ABILITY TO PERFORM AT CONSTANT SPEED EVEN UNDER EXTREME CONDITIONS TO BOOST ADOPTION 112
9 AC MOTOR MARKET, BY VOLTAGE 114
9.1 INTRODUCTION 115
9.2 3 TO 3.6 KV 116
9.2.1 RISING USE IN MEDIUM-VOLTAGE APPLICATIONS TO DRIVE MARKET 116
9.3 3.7 TO 4.9 KV 117
9.3.1 INCREASING ADOPTION TO POWER HEAVY-DUTY PROCESSING EQUIPMENT TO FUEL SEGMENTAL GROWTH 117
9.4 5 TO 7.2 KV 118
9.4.1 HIGH EFFICIENCY, LOW MAINTENANCE, AND COMPATIBILITY FEATURES TO DRIVE ADOPTION 118
9.5 ABOVE 7.2 KV 119
9.5.1 NEED FOR HIGH-VOLTAGE PRECISION DRIVERS IN MEGA-SCALE APPLICATIONS TO FOSTER SEGMENTAL GROWTH 119
10 AC MOTOR MARKET, BY END USER 121
10.1 INTRODUCTION 122
10.2 WATER & WASTEWATER TREATMENT 123
10.2.1 SIGNIFICANT FOCUS ON ENERGY SAVINGS AND RELIABLE OPERATIONS TO SPIKE DEMAND 123
10.3 POWER 125
10.3.1 RISING NEED FOR STABLE POWER SUPPLY IN INDUSTRIAL OPERATIONS TO CONTRIBUTE TO MARKET GROWTH 125
10.4 STEEL & METALS 126
10.4.1 INCREASING FOCUS ON ACHIEVING SUSTAINABILITY GOALS AND REDUCING OPERATIONAL COSTS TO PROPEL MARKET 126
10.5 PETROCHEMICALS 127
10.5.1 PRESSING NEED TO REDUCE CARBON EMISSIONS TO FUEL ADOPTION 127
10.6 MINING 129
10.6.1 REQUIREMENT TO IMPROVE OPERATIONAL EFFICIENCY THROUGH SUSTAINABLE MINING PRACTICES TO BOOST DEMAND 129
10.7 MARINE & SHIPBUILDING 130
10.7.1 STRICTER ENVIRONMENTAL REGULATIONS TO FUEL DEMAND 130
10.8 AUTOMOTIVE MANUFACTURING 131
10.8.1 URGENT NEED TO REDUCE CARBON EMISSIONS AND ESCALATING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 131
10.9 OIL & GAS 133
10.9.1 RISING EMPHASIS ON REDUCING EMISSIONS AND IMPROVING OPERATIONAL EXCELLENCE TO ELEVATE DEMAND 133
10.10 OTHER END USERS 134
 
11 AC MOTOR MARKET, BY REGION 136
11.1 INTRODUCTION 137
11.2 ASIA PACIFIC 139
11.2.1 CHINA 145
11.2.1.1 Significant focus on achieving renewable energy goals through hydropower and solar projects to drive market 145
11.2.2 INDIA 147
11.2.2.1 Government policies encouraging use of energy-efficient equipment to support market growth 147
11.2.3 JAPAN 148
11.2.3.1 Transformation toward automated industrial economy to fuel market growth 148
11.2.4 SOUTH KOREA 150
11.2.4.1 Rising adoption of digital technologies and green initiatives to foster market growth 150
11.2.5 AUSTRALIA 151
11.2.5.1 Investments in renewable energy projects to contribute to market growth 151
11.2.6 REST OF ASIA PACIFIC 153
11.3 EUROPE 154
11.3.1 GERMANY 159
11.3.1.1 Significant investments in offshore wind and solar photovoltaic projects to augment market growth 159
11.3.2 UK 160
11.3.2.1 Commitment to achieve net-zero emissions to fuel demand 160
11.3.3 ITALY 162
11.3.3.1 Surging adoption of sustainable energy solutions to drive market 162
11.3.4 FRANCE 163
11.3.4.1 Strong industrial foundation to support market growth 163
11.3.5 REST OF EUROPE 165
11.4 NORTH AMERICA 166
11.4.1 US 172
11.4.1.1 Growing focus on reducing carbon emissions to spike demand 172
11.4.2 CANADA 173
11.4.2.1 Commitment to sustainable energy practices to elevate demand 173
11.4.3 MEXICO 175
11.4.3.1 Growing push toward integrating renewable energy into grids to support market growth 175
11.5 SOUTH AMERICA 176
11.5.1 BRAZIL 181
11.5.1.1 Increasing investments in green economy to propel market 181
11.5.2 ARGENTINA 182
11.5.2.1 Government initiatives promoting industrial growth to drive market 182
11.5.3 REST OF SOUTH AMERICA 184
11.6 MIDDLE EAST & AFRICA 185
11.6.1 GCC 191
11.6.1.1 Saudi Arabia 192
11.6.1.1.1 Large-scale renewable energy projects to fuel demand 192
11.6.1.2 UAE 194
11.6.1.2.1 Smart city and energy generation projects to boost demand 194
11.6.1.3 Rest of GCC 195
11.6.2 SOUTH AFRICA 197
11.6.2.1 Government investment in power projects to drive demand 197
11.6.3 IRAQ 198
11.6.3.1 Growing gas sector and significant investments in infrastructure projects to create opportunities 198
11.6.4 REST OF MIDDLE EAST & AFRICA 200
12 COMPETITIVE LANDSCAPE 202
12.1 INTRODUCTION 202
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024 202
12.3 REVENUE ANALYSIS, 2019–2023 204
12.4 MARKET SHARE ANALYSIS, 2023 205
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024 207
12.6 BRAND/PRODUCT COMPARISON 208
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 209
12.7.1 STARS 209
12.7.2 EMERGING LEADERS 209
12.7.3 PERVASIVE PLAYERS 209
12.7.4 PARTICIPANTS 209
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 211
12.7.5.1 Company footprint 211
12.7.5.2 Region footprint 212
12.7.5.3 Type footprint 213
12.7.5.4 Power rating footprint 214
12.7.5.5 End user footprint 215
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 217
12.8.1 PROGRESSIVE COMPANIES 217
12.8.2 RESPONSIVE COMPANIES 217
12.8.3 DYNAMIC COMPANIES 217
12.8.4 STARTING BLOCKS 217
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 219
12.8.5.1 List of key startups/SMEs 219
12.8.5.2 Competitive benchmarking of key startups/SMEs 219
 
12.9 COMPETITIVE SCENARIO 220
12.9.1 PRODUCT LAUNCHES 220
12.9.2 DEALS 221
12.9.3 EXPANSIONS 222
12.9.4 OTHER DEVELOPMENTS 222
13 COMPANY PROFILES 223
13.1 KEY PLAYERS 223
13.1.1 ABB 223
13.1.1.1 Business overview 223
13.1.1.2 Products/Solutions/Services offered 225
13.1.1.3 Recent developments 225
13.1.1.3.1 Deals 225
13.1.1.4 MnM view 226
13.1.1.4.1 Key strengths/Right to win 226
13.1.1.4.2 Strategic choices 226
13.1.1.4.3 Weaknesses/Competitive threats 226
13.1.2 GE ELECTRIC COMPANY (GE VERNOVA) 227
13.1.2.1 Business overview 227
13.1.2.2 Products/Solutions/Services offered 229
13.1.2.3 Recent developments 229
13.1.2.3.1 Deals 229
13.1.2.3.2 Other developments 230
13.1.2.4 MnM view 230
13.1.2.4.1 Key strengths/Right to win 230
13.1.2.4.2 Strategic choices 230
13.1.2.4.3 Weaknesses/Competitive threats 230
13.1.3 SIEMENS 231
13.1.3.1 Business overview 231
13.1.3.2 Products/Solutions/Services offered 233
13.1.3.3 Recent developments 233
13.1.3.3.1 Product launches 233
13.1.3.3.2 Other developments 234
13.1.3.4 MnM view 234
13.1.3.4.1 Key strengths/Right to win 234
13.1.3.4.2 Strategic choices 234
13.1.3.4.3 Weaknesses/Competitive threats 234
13.1.4 WEG 235
13.1.4.1 Business overview 235
13.1.4.2 Products/Solutions/Services offered 237
 
13.1.4.3 Recent developments 237
13.1.4.3.1 Deals 237
13.1.4.3.2 Expansions 238
13.1.4.4 MnM view 238
13.1.4.4.1 Key strengths/Right to win 238
13.1.4.4.2 Strategic choices 238
13.1.4.4.3 Weaknesses/Competitive threats 238
13.1.5 NIDEC CORPORATION 239
13.1.5.1 Business overview 239
13.1.5.2 Products/Solutions/Services offered 241
13.1.5.3 Recent developments 241
13.1.5.3.1 Product launches 241
13.1.5.4 MnM view 242
13.1.5.4.1 Key strengths/Right to win 242
13.1.5.4.2 Strategic choices 242
13.1.5.4.3 Weaknesses/Competitive threats 242
13.1.6 SHANGHAI ELECTRIC 243
13.1.6.1 Business overview 243
13.1.6.2 Products/Solutions/Services offered 245
13.1.6.3 MnM view 246
13.1.6.3.1 Key strengths/Right to win 246
13.1.6.3.2 Strategic choices 246
13.1.6.3.3 Weaknesses/Competitive threats 246
13.1.7 TMEIC 247
13.1.7.1 Business overview 247
13.1.7.2 Products/Solutions/Services offered 248
13.1.7.3 MnM view 248
13.1.7.3.1 Key strengths/Right to win 248
13.1.7.3.2 Strategic choices 249
13.1.7.3.3 Weaknesses/Competitive threats 249
13.1.8 HD HYUNDAI ELECTRIC CO., LTD. 250
13.1.8.1 Business overview 250
13.1.8.2 Products/Solutions/Services offered 251
13.1.8.3 MnM view 252
13.1.8.3.1 Key strengths/Right to win 252
13.1.8.3.2 Strategic choices 252
13.1.8.3.3 Weaknesses/Competitive threats 252
13.1.9 HITACHI INDUSTRIAL PRODUCTS, LTD. 253
13.1.9.1 Business overview 253
13.1.9.2 Products/Solutions/Services offered 253
 
13.1.9.3 MnM view 254
13.1.9.3.1 Key strengths/Right to win 254
13.1.9.3.2 Strategic choices 254
13.1.9.3.3 Weaknesses/Competitive threats 254
13.1.10 REGAL REXNORD CORPORATION 255
13.1.10.1 Business overview 255
13.1.10.2 Products/Solutions/Services offered 256
13.1.10.3 Recent developments 257
13.1.10.3.1 Deals 257
13.1.10.4 MnM view 257
13.1.10.4.1 Key strengths/Right to win 257
13.1.10.4.2 Strategic choices 257
13.1.10.4.3 Weaknesses/Competitive threats 257
13.1.11 WOLONG ELECTRIC 258
13.1.11.1 Business overview 258
13.1.11.2 Products/Solutions/Services offered 258
13.1.11.3 MnM view 259
13.1.11.3.1 Key strengths/Right to win 259
13.1.11.3.2 Strategic choices 259
13.1.11.3.3 Weaknesses/Competitive threats 259
13.1.12 ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD. 260
13.1.12.1 Business overview 260
13.1.12.2 Products/Solutions/Services offered 260
13.1.13 CG POWER & INDUSTRIAL SOLUTIONS LTD. 261
13.1.13.1 Business overview 261
13.1.13.2 Products/Solutions/Services offered 263
13.1.14 LAXMI HYDRAULICS PVT. LTD. 264
13.1.14.1 Business overview 264
13.1.14.2 Products/Solutions/Services offered 264
13.1.15 KIRLOSKAR ELECTRIC COMPANY 266
13.1.15.1 Business overview 266
13.1.15.2 Products/Solutions/Services offered 267
13.2 OTHER PLAYERS 268
13.2.1 JEUMONT ELECTRIC 268
13.2.2 MENZEL ELEKTROMOTOREN GMBH 269
13.2.3 XI’AN SIMO MOTOR CO., LTD. 270
13.2.4 TECO-WESTINGHOUSE 271
13.2.5 VEM GMBH 272
13.2.6 HYOSUNG HEAVY INDUSTRIES 273
13.2.7 AC-MOTOREN GMBH 274
 
13.2.8 BROOK CROMPTON 275
13.2.9 VYBO ELECTRIC 276
13.2.10 O.M.E. MOTORI ELETTRICI S.R.L. 277
14 APPENDIX 278
14.1 INSIGHTS FROM INDUSTRY EXPERTS 278
14.2 DISCUSSION GUIDE 278
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 283
14.4 CUSTOMIZATION OPTIONS 285
14.5 RELATED REPORTS 285
14.6 AUTHOR DETAILS 286