AC Motors Market
Segments - by Types (Synchronous Motors and Induction Motors), Applications (Consumer, Industrial, and Medical), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The global AC motor market size is projected to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for energy efficient motors to reduce carbon emission. Additionally, growing population and rising demand for consumer products coupled with emerging energy shortage are key factors driving the market growth.
The rising requirement for energy saving consumer appliances and other household items present a key aspect that encourages the original equipment manufacturers (OEMs) to adopt AC motors in their products. AC motor is widely considered to be effective in power consumption with higher efficiency use, due to which, the demand for AC motors are rising significantly across several end-users. AC motor usually has outside stator wrapped with coils supplied to produce a rotating magnetic field. This motor offers several advantages such as flexible, easy to control, and low startup power demands that protects components on the receiving end. The motor is also considered to be major power sources for a series of applications due to its excellent properties and functions.
Market Trends, Drivers, Restraints, and Opportunities
- Growing concerns for reduction of carbon emissions and rising demand for energy efficient motors are anticipated to drive the market growth.
- Rising electricity prices and strict regulatory standards pertaining to save electricity consumption are expected to propel the market expansion.
- Escalating demand for consumer goods, increasing production of home appliances, motor vehicles, and other motor driven systems present key drivers for the market growth.
- Outbreak of COVID-19 pandemic has affected the demand for electric motors and restricted the production units of manufacturers. This is projected to hamper the market growth during the forecast period.
- Lack of awareness about the benefits of energy efficient AC motors act as a major restraint that can impede the growth of the AC motors market.
- Owing to technological advancements and R&D activities by key players are anticipated to create immense opportunities for the market expansion.
Scope of the Report
The report on the global AC motor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
AC Motor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Synchronous Motors and Induction Motors) and Applications (Consumer, Industrial, and Medical) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
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. |
Global AC Motor Market Segment Insights
Synchronous motors segment is expected to dominate the market
Based on the types, the global AC motor market is bifurcated into synchronous and induction motors. The synchronous motors segment is expected to dominate the market during the forecast period. The segment growth can be attributed to wide adoption of the motor types by various manufacturers such as electric motor vehicle market over the induction motors. On the other hand, the induction motors segment is anticipated to grow at a substantial growth rate in the coming years owing to rising demand for induction motor types for various applications across industries.
Consumer segment is projected to exhibit a rapid growth rate
On the basis of applications, the market is divided into consumer, industrial, and medical. The consumer segment is projected to exhibit a rapid growth rate due to increasing demand for consumer items and household products. Increasing demand for consumer goods such as air conditioners, refrigerators, washing machines, heating ventilating, and cooling equipment present some key drivers for the segment growth.
Asia Pacific is expected to hold a major market share
In terms of regions, the global AC motor market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to hold a major market share during forecast period due to increasing purchasing power of population and rising establishment of several consumer items manufacturing companies in the region. On the other hand, the market in North America is projected to account for a large market share in the coming years owing to wide consumption of consumer items among a large number of population in the region.
Segments
The global AC motor market has been segmented on the basis of
Types
- Synchronous Motors
- Induction Motors
Applications
- Consumer
- Industrial
- Medical
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ABB Ltd.
- iTouchless
- Honeywell International Inc.
- Bosch Rexroth Ag
- General Electric
- Siemens AG
- Regal Beloit
- Simplehuman LLC
- Crompton Greaves Power Efficiency Corporation
- WEG Industries
Competitive Landscape
Key players competing in the AC motors market 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. Technological advancements and growing focus on mergers & acquisitions among key players are expected to propel the market. For instance, ABB acquired Baldor Electric Company to expand its operation and enhance market share in North America by expanding product portfolios.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. AC Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. AC Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. AC Motor Market - Supply Chain
4.5. Global AC Motor Market Forecast
4.5.1. AC Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. AC Motor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. AC Motor Market Absolute $ Opportunity
5. Global AC Motor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. AC Motor Market Size and Volume Forecast by Types
5.3.1. Synchronous Motors
5.3.2. Induction Motors
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global AC Motor Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. AC Motor Market Size and Volume Forecast by Applications
6.3.1. Consumer
6.3.2. Industrial
6.3.3. Medical
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global AC Motor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. AC Motor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global AC Motor Demand Share Forecast, 2019-2026
8. North America AC Motor Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America AC Motor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America AC Motor Market Size and Volume Forecast by Types
8.4.1. Synchronous Motors
8.4.2. Induction Motors
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America AC Motor Market Size and Volume Forecast by Applications
8.7.1. Consumer
8.7.2. Industrial
8.7.3. Medical
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America AC Motor Demand Share Forecast, 2019-2026
9. Latin America AC Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America AC Motor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America AC Motor Market Size and Volume Forecast by Types
9.4.1. Synchronous Motors
9.4.2. Induction Motors
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America AC Motor Market Size and Volume Forecast by Applications
9.7.1. Consumer
9.7.2. Industrial
9.7.3. Medical
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America AC Motor Demand Share Forecast, 2019-2026
10. Europe AC Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe AC Motor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe AC Motor Market Size and Volume Forecast by Types
10.4.1. Synchronous Motors
10.4.2. Induction Motors
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe AC Motor Market Size and Volume Forecast by Applications
10.7.1. Consumer
10.7.2. Industrial
10.7.3. Medical
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe AC Motor Demand Share Forecast, 2019-2026
11. Asia Pacific AC Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific AC Motor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific AC Motor Market Size and Volume Forecast by Types
11.4.1. Synchronous Motors
11.4.2. Induction Motors
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific AC Motor Market Size and Volume Forecast by Applications
11.7.1. Consumer
11.7.2. Industrial
11.7.3. Medical
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific AC Motor Demand Share Forecast, 2019-2026
12. Middle East & Africa AC Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa AC Motor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa AC Motor Market Size and Volume Forecast by Types
12.4.1. Synchronous Motors
12.4.2. Induction Motors
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa AC Motor Market Size and Volume Forecast by Applications
12.7.1. Consumer
12.7.2. Industrial
12.7.3. Medical
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa AC Motor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global AC Motor Market: Market Share Analysis
13.2. AC Motor Distributors and Customers
13.3. AC Motor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ABB Ltd.
13.4.2. iTouchless
13.4.3. Honeywell International Inc.
13.4.4. Bosch Rexroth Ag
13.4.5. General Electric
13.4.6. Siemens AG
13.4.7. Regal Beloit
13.4.8. Simplehuman LLC
13.4.9. Crompton Greaves Power Efficiency Corporation
13.4.10. WEG Industries
2. Assumptions and Acronyms Used
3. Research Methodology
4. AC Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. AC Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. AC Motor Market - Supply Chain
4.5. Global AC Motor Market Forecast
4.5.1. AC Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. AC Motor Market Size (000’ Units) and Y-o-Y Growth
4.5.3. AC Motor Market Absolute $ Opportunity
5. Global AC Motor Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. AC Motor Market Size and Volume Forecast by Types
5.3.1. Synchronous Motors
5.3.2. Induction Motors
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global AC Motor Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. AC Motor Market Size and Volume Forecast by Applications
6.3.1. Consumer
6.3.2. Industrial
6.3.3. Medical
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global AC Motor Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. AC Motor Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global AC Motor Demand Share Forecast, 2019-2026
8. North America AC Motor Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America AC Motor Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America AC Motor Market Size and Volume Forecast by Types
8.4.1. Synchronous Motors
8.4.2. Induction Motors
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America AC Motor Market Size and Volume Forecast by Applications
8.7.1. Consumer
8.7.2. Industrial
8.7.3. Medical
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America AC Motor Demand Share Forecast, 2019-2026
9. Latin America AC Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America AC Motor Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America AC Motor Market Size and Volume Forecast by Types
9.4.1. Synchronous Motors
9.4.2. Induction Motors
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America AC Motor Market Size and Volume Forecast by Applications
9.7.1. Consumer
9.7.2. Industrial
9.7.3. Medical
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America AC Motor Demand Share Forecast, 2019-2026
10. Europe AC Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe AC Motor Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe AC Motor Market Size and Volume Forecast by Types
10.4.1. Synchronous Motors
10.4.2. Induction Motors
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe AC Motor Market Size and Volume Forecast by Applications
10.7.1. Consumer
10.7.2. Industrial
10.7.3. Medical
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe AC Motor Demand Share Forecast, 2019-2026
11. Asia Pacific AC Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific AC Motor Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific AC Motor Market Size and Volume Forecast by Types
11.4.1. Synchronous Motors
11.4.2. Induction Motors
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific AC Motor Market Size and Volume Forecast by Applications
11.7.1. Consumer
11.7.2. Industrial
11.7.3. Medical
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific AC Motor Demand Share Forecast, 2019-2026
12. Middle East & Africa AC Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa AC Motor Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa AC Motor Market Size and Volume Forecast by Types
12.4.1. Synchronous Motors
12.4.2. Induction Motors
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa AC Motor Market Size and Volume Forecast by Applications
12.7.1. Consumer
12.7.2. Industrial
12.7.3. Medical
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa AC Motor Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global AC Motor Market: Market Share Analysis
13.2. AC Motor Distributors and Customers
13.3. AC Motor Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. ABB Ltd.
13.4.2. iTouchless
13.4.3. Honeywell International Inc.
13.4.4. Bosch Rexroth Ag
13.4.5. General Electric
13.4.6. Siemens AG
13.4.7. Regal Beloit
13.4.8. Simplehuman LLC
13.4.9. Crompton Greaves Power Efficiency Corporation
13.4.10. WEG Industries
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