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Electric AC Motors Market – Global Industry Trends and Forecast 2022 to 2030

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The global Electric AC Motors market size is expected to be worth around US$ 150.6 billion by 2030, according to a new report by Vision Research Reports.

The global Electric AC Motors market size was valued at US$ 80.6 billion in 2020 and is anticipated to grow at a CAGR of 8.3% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 150.6 Bn by 2030
Growth Rate CAGR of 8.3% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Voltage, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ABB Ltd., Baldor Electric Co., Toshiba, and Siemens AG,

Growth Factors

 The rising global demand for AC motors-driven engines is also spurring the market growth. Furthermore, factors, such as growing demand for HVAC equipment and industrial machinery, are projected to propel the market demand by 2030. AC motors have undergone numerous technological advancements over the past few years, which have resulted in increased demand for these motors.

The market is expected to witness significant growth, which is attributed to the augmented modernization and automation of industrial processes. The well-established oil & gas industry and power generation sector push the increased demand for industrial automation, for which these products act as key components in cost-saving.

By Type Analysis

Electric AC motors can be largely segmented into two types namely synchronous and induction. The induction segment accounted for a major market share in 2020 and is expected to grow at a CAGR exceeding 5% over the forecast years.

By Voltage Analysis

Electric AC motors voltage type can be segregated into integral HP output and fractional HP output. In 2020, the fractional HP output segment held the largest market share, owing to the facilitation of higher power when used in single-phase AC motors, across residential and automobile sectors.

By End-use Analysis

The motor vehicle segment captured the major market with a value of over USD 32.0 billion in 2020 and is expected to grow at a CAGR of over 6% from 2021 to 2030.

the HVAC equipment segment is expected to grow at the fastest CAGR exceeding 10% by 2030. The infrastructure developments across different regions are likely to drive the segment growth over the forecast period.

The industrial machinery segment is also projected to grow at a CAGR exceeding 9%, owing to rapid industrialization across developed and developing countries.

By Regional Analysis

The Asia Pacific market is expected to witness high growth over the forecast period. The regional market includes developing economies, such as China, India, and Japan, whose rate of industrialization as well as commercialization is faster than other developing nations across the globe.

North America is projected to grow at a CAGR exceeding 6.0%, owing to the stringent government regulations for reducing the greenhouse effect. Europe and Latin America regions are anticipated to witness steady growth over the forecast period.

Key Players

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

Market Segmentation

  • By Type
    • Synchronous AC Motors
    • Induction AC Motors
  • By Voltage
    • Integral HP Output
    • Fractional HP Output
  • By End-use
    • Industrial Machinery
    • Motor Vehicles
    • HVAC Equipment
    • Aerospace & Transportation
    • Household Appliances
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Electric AC Motors Market, By Type

7.1.  Electric AC Motors Market, by Type, 2021-2030

7.1.1.    Synchronous AC Motors

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Induction AC Motors

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Electric AC Motors Market, By Voltage

8.1.  Electric AC Motors Market, by Voltage, 2021-2030

8.1.1.    Integral HP Output

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Fractional HP Output

8.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Electric AC Motors Market, By End User

9.1.  Electric AC Motors Market, by End User, 2021-2030

9.1.1.    Industrial Machinery

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Motor Vehicles

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    HVAC Equipment

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Aerospace & Transportation

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Household Appliances

9.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Electric AC Motors Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Type (2017-2030)

10.1.2.  Market Revenue and Forecast, by Voltage (2017-2030)

10.1.3.  Market Revenue and Forecast, by End User (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Type (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Type (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Type (2017-2030)

10.2.2.  Market Revenue and Forecast, by Voltage (2017-2030)

10.2.3.  Market Revenue and Forecast, by End User (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Type (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Type (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Type (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Type (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Type (2017-2030)

10.3.2.  Market Revenue and Forecast, by Voltage (2017-2030)

10.3.3.  Market Revenue and Forecast, by End User (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Type (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Type (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Type (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Type (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Type (2017-2030)

10.4.2.  Market Revenue and Forecast, by Voltage (2017-2030)

10.4.3.  Market Revenue and Forecast, by End User (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Type (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Type (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Type (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by End User (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Type (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Type (2017-2030)

10.5.2.  Market Revenue and Forecast, by Voltage (2017-2030)

10.5.3.  Market Revenue and Forecast, by End User (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Type (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by End User (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Type (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Voltage (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by End User (2017-2030)

Chapter 11.  Company Profiles

11.1.              ABB Ltd

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Baldor Electric Co

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Toshiba

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Siemens AG

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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