REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
---|---|---|
USD 20.36 billion | 17.65% | Asia Pacific |
By Type | By Application | By Region |
---|---|---|
|
|
|
SCOPE OF THE REPORT
AC Motor Market Overview
The global AC motor market is expected to grow at a 1.6 % CAGR from 2023 to 2029. It is expected to reach above USD 20.36 billion by 2029 from USD 17.65 billion in 2020.
AC motors are electric motors that are powered by alternating current (AC). The AC motor is typically composed of two basic parts: an outside stationary stator with coils supplied with alternating current to produce a rotating magnetic field, known as the stator, and an inside rotor attached to the output shaft that produces a second rotating magnetic field and output kinetic energy, known as the rotor. The development of energy-efficient systems to alleviate rising concerns about energy consumption and carbon emissions is expected to drive the global AC motors market. Companies are focusing on research activities to provide green solutions for their technologies and processes as the world’s population grows, environmental problems worsen, and energy shortages emerge. The reduction of carbon dioxide emissions in energy-efficient motors, as well as the provision of a healthier environment, are expected to be major market drivers.
Consumer appliance manufacturers are also driving up demand for energy-efficient AC motors. Energy star ratings for consumer appliances have compelled these OEMs to use more energy-efficient motors in their products. These manufacturers, in turn, demand higher efficiency AC motors from manufacturers, ultimately benefiting the market. Rising electricity prices and stringent electricity consumption standards are expected to drive up demand for energy-efficient AC motors in the near future.
ATTRIBUTE | DETAILS |
Study period | 2023-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2023-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion), (Thousand Unit) |
Segmentation | By Type, By Application, By Region |
By Type
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By Application | Â
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By Region
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Demand for consumer goods such as air conditioners, heating, ventilation, and cooling equipment, refrigerators, and washing machines may significantly drive the market. AC motors are used in compressors, small pumps, and robots in the manufacturing sector, which consumes the most energy. Furthermore, various standards and regulations imposed by governments in various countries, combined with specific parameters defined by organizations such as the IEA and NEMA, may compel the replacement of existing standard motors in various sectors, thereby increasing market demand.
Furthermore, stringent design and manufacturing standards to improve the efficiency of AC motors may encourage global manufacturers to develop energy-efficient motors, significantly fueling the market. Furthermore, increased production of home appliances, motor vehicles, and other motor-driven systems may have a positive impact on market expansion. Besides, government incentives to implement high and premium efficiency AC motors in order to reduce the financial burden on both consumers and governments are expected to boost the market.
The covid-19 outbreak forced the temporary closure of several vehicle and component manufacturing facilities. This is impeding the expansion of the automotive industry. However, with the gradual removal of vehicle lockdowns in several countries, demand for vehicles has increased slightly, which is expected to drive market growth during the forecast period.
AC Motor Market Segment Analysis
The global AC motor market is segmented based on type, application. By type, the market is bifurcated into synchronous motor and induction motor. A synchronous motor is an alternating current motor whose rotor rotation is synchronized with the frequency of the supply current. That is, the rotor’s rotation period is equal to the rotating field of the machine it is inside. Synchronous and induction motors are the most common types of three-phase motors. An electrical field is created when three-phase electric conductors are placed in specific geometrical positions. The synchronous speed is the rotational speed of the rotating magnetic field. Because the rotor of a PM rotor synchronous motor is made of permanent magnets, the designs are free of slip characteristics and operate precisely at the frequency specified by the drive.
By application, the market is divided into commercial, industrial and medical. The motor vehicle market, on the other hand, is expected to grow significantly, followed by the heating/cooling and machinery markets. This could be attributed to rising demand for electric and hybrid vehicles, as well as increased residential and commercial construction globally. Because of the presence of numerous global and regional players, the AC motors market is highly fragmented.
AC Motor Market Players
The AC motor market key players include ABB Ltd., iTouchless, Honeywell International Inc., Bosch Rexroth Ag, General Electric, Siemens AG, Regal Beloit, Simplehuman LLC, Crompton Greaves Power Efficiency Corporation, and WEG Industries.
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending in product development, which is fueling revenue generation.
Who Should Buy? Or Key stakeholders
- Automotive & Transportation Manufacturers
- Automotive Companies
- Industrial Supplier
- Motor Manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
AC Motor Market Regional Analysis
The AC motor market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The Asia Pacific region is expected to grow significantly in the coming years as a result of rising purchasing power, continuous production of AC motor-driven applications, and developing economies in India, China, Malaysia, and Indonesia. Government initiatives and incentives, combined with rising electricity consumption, are expected to drive the North American and European markets. Furthermore, several incentive programs in the United States and Europe for early replacement of inefficient electric motors may increase demand for energy-efficient AC motors. However, due to the relocation of manufacturing plants for several automobiles and electronic appliances to Asian countries, this region may not experience exponential growth.
Key Market Segments: AC motor Market
Ac Motor Market by Type, 2023-2029, (USD Billion), (Thousand Units)
- Synchronous Motor
- Induction Motor
Ac Motor Market By Application, 2023-2029, (USD Billion), (Thousand Units)
- Commercial
- Industrial
- Medical
Ac Motor Market by Region, 2023-2029, (USD Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What is the current size of the AC motor market?
- What are the key factors influencing the growth of AC motor?
- What are the major applications for AC motor?
- Who are the major key players in the AC motor market?
- Which region will provide more business opportunities for AC motor in future?
- Which segment holds the maximum share of the AC motor market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL AC MOTOR MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON AC MOTOR MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL AC MOTOR MARKET OUTLOOK
- GLOBAL AC MOTOR MARKET BY TYPE, 2020-2029, (USD MILLIONS), (THOUSAND UNIT)
- SYNCHRONOUS MOTOR
- INDUCTION MOTOR
- GLOBAL AC MOTOR MARKET BY APPLICATION, 2020-2029, (USD MILLION), (THOUSAND UNIT)
- COMMERCIAL
- INDUSTRIAL
- MEDICAL
- GLOBAL AC MOTOR MARKET BY REGION, 2020-2029, (USD MILLION), (THOUSAND UNIT)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
-
-
- ABB LTD.
- ITOUCHLESS
- HONEYWELL INTERNATIONAL INC.
- GENERAL ELECTRIC
- BOSCH REXROTH AG
- SIEMENS AG
- REGAL BELOIT
- SIMPLEHUMAN LLC
- CROMPTON GREAVES POWER EFFICIENCY CORPORATION
- WEG INDUSTRIES *THE COMPANY LIST IS INDICATIVE
-
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY REGION (THOUSAND UNIT) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â US AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â US AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â US AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UK AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â UK AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UAE AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UAE AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UAE AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UAE AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AC MOTOR MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AC MOTOR MARKET BY TYPE (THOUSAND UNIT) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AC MOTOR MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA AC MOTOR MARKET BY APPLICATION (THOUSAND UNIT) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY APPLICATION, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL AC MOTOR MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â NORTH AMERICA AC MOTOR MARKET SNAPSHOT
FIGURE 13Â Â Â Â Â Â Â Â Â Â EUROPE AC MOTOR MARKET SNAPSHOT
FIGURE 14Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA AC MOTOR MARKET SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC AC MOTOR MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA AC MOTOR MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â ABB LTD.: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â ITOUCHLESS: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â BOSCH REXROTH AG: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â SIEMENS AG: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â REGAL BELOIT: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â SIMPLEHUMAN LLC: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CROMPTON GREAVES POWER EFFICIENCY CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â WEG INDUSTRIES: COMPANY SNAPSHOT
FAQ
The AC motor market size had crossed USD 17.65 billion in 2020 and will observe a CAGR of more than 1.6 % up to 2029 driven by the development of energy-efficient systems to alleviate rising concerns about energy consumption and carbon emissions
Asia Pacific held more than 44% of the AC motor market revenue share in 2020 and will witness expansion with the rising purchasing power, continuous production of AC motor-driven applications, and developing economies in India, China, Malaysia, and Indonesia
Companies are focusing on research activities to provide green solutions for their technologies and processes as the world’s population grows, environmental problems worsen, and energy shortages emerge.
In contrast, the motor vehicle market is expected to grow significantly, followed by the heating/cooling and machinery markets. This could be attributed to increased global residential and commercial construction, as well as rising demand for electric and hybrid vehicles. The AC motors market is highly fragmented due to the presence of numerous global and regional players.
As a result of rising purchasing power, continuous production of AC motor-driven applications, and developing economies in India, China, Malaysia, and Indonesia, the Asia Pacific region is expected to grow significantly in the coming years. The North American and European markets are expected to be driven by government initiatives and incentives, as well as rising electricity consumption.
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