Electric AC Motors Market Size, Trends and Share by Manufacturers 2025

Felton, California , USA, Apr 6, 2021 — /EPR Network/ — The global electric AC motors market size is projected to value at USD 146.6 billion by 2025 at a CAGR of 7.3% from 2017 to 2025. These motors are extensively used in fixed cranes, domestic appliances, compressors, and diesel-electric engines. Their major benefits like efficient operation and cost-effectiveness in difficult surroundings make them appropriate for different applications. These products are expected to observe high growth due to their long operating life, low power consumption, and maintenance requirements.

 

The increasing demand for AC motors-driven engines across the globe is further, boosting the market growth. Moreover, factors like the demand for industrial machinery and HVAC equipment are expected to accelerate market demand in the upcoming years. AC motors have deployed various technological advancements in recent years, resulting in imputed demand for these motors.

 

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Key Questions Answered in this report :-

• What are the sales or revenue produced by Electric AC Motors products beyond all sectors during the forecast period?
• What are the key trends in the Electric AC Motors market?
• What are the leading drivers, limitations, and probabilities in the industry?
• Which segment will gain the highest revenue worldwide and which product segment will expand at the fastest CAGR during the forecast period?
• In which region the Electric AC Motors market to project lucrative CAGR during the forecast period?

 

The market is expected to observe significant growth from 2017 to 2025 due to rapid industrialization across developing and developed countries. Furthermore, large-scale use of these products in various industrial equipment like the electric saw, conveyor belts, fixed cranes, and many more.

 

The rapidly rising fuel costs and the preference of consumers for cleaner energy sources have boosted the market growth in the past years. An AC motor serves as the major component of electric motors which is expected to accelerate product demand. Moreover, the rising awareness relating to environment protection coupled with government initiatives remain the major drivers of the growth of the market.

 

HVAC systems are extensively used in different places like offices, shopping malls, and commercial spaces. Rapid urbanization and a better standard of living have resulted in a large volume of installation of HVAC systems. HVAC equipment uses AC motors to power air blowers that control airflow.

 

The feature of AC type to work at different speeds coupled with higher operational efficiency and dependability is expected to result in higher adoption of these products over the projected period.

 

Further key findings from the report suggest:

• The electric AC motor market was worth USD 78.6 billion in 2016. It is expected to register a CAGR of 7.3% from 2017 to 2025. The growth is imputed to their rising use in industrial machinery and HVAC equipment.
• The induction division held the highest market share in 2016 due to factors like low maintenance, efficient operation, and sturdy construction in harsh environments.
• The increasing use of motors with HP output in hybrid electric vehicles is predicted to drive segment growth.
• AC motors are primarily used in the industrial machinery sector, due to their advantages like safe operations and robust functioning.
• Asia Pacific is expected to grow at a CAGR of over 8% by 2025 due to the growing industrialization and commercialization in the emerging economies like Japan, India, and China.

 

Global Electric AC Motors Market: Key Players

ABB Ltd., Siemens AG, Toshiba, and Baldor Electric Co.

 

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