Electric AC Motors Market 2022 Share Analysis, Report Highlights, Forecast to 2030

Share This Article

According to Report, the Electric AC Motors Market size is expected to hit around US$ 150.6 billion by 2030, expanding growth at a CAGR of 8.3% from 2021 to 2030.

The global Electric AC Motors market size was estimated at US$ 80.6 billion in 2020. The rise in infrastructural development across the globe, growing automation in various industrial processes, and low maintenance cost is expected to drive the electric AC motors market.

Get Sample PDF of Report@ https://www.visionresearchreports.com/report/sample/38860

Growth Factors

An electric AC motor is driven with the help of alternating current (AC). The electric AC motor comprises two parts i.e. a stator located outside and a rotor located inside. An outside stator has the coils that produce the rotating magnetic field. There are various types of electric AC motors such as synchronous AC motors, and induction or asynchronous AC motors. In case of synchronous motors, the rotor moves precisely along with the speed of a rotating magnetic field. However, in an induction or asynchronous motor, the rotor moves at a speed lower than the magnetic field. Generally, the speed of the rotor in a motor depends on the AC supply frequency and the number of coils. However, the load on the motor plays a vital role in deciding the speed of a rotor. The greater the load, the greater the difference between the rotor’s actual speed and rotating magnetic field’s speed. Speed of the electric AC motor can be controlled with the help of a controller or a variable-frequency drive. AC controller is the device that controls the electric AC motor’s speed. The power received by the electric AC motor is converted by the AC controller into a required frequency.

The rise in infrastructural development across the globe, growing automation in various industrial processes, and low maintenance cost is expected to drive the electric AC motors market. It is used in a number of domestic as well as industrial applications due to various advantages such as low manufacturing cost, durability, and more. Electric AC motors are mainly used in kitchen appliances, water pumps, air conditioners, and fans. Furthermore, it is used in industrial machinery such as compressors and boiler pumps. Electric AC motors are highly flexible and efficient, which allows them to match the demand of a connected load for many electrical applications. Due to the constant high rotary speed, it is useful in various applications such as commercial drill machines, high-power engineering, trimmers and dryers, and vacuum cleaners.

Increasing fuel prices and manufacturing defects that may result in early motor failure is likely to hamper the growth of the electric AC motor market. However, due to the inappropriate applications most of the motor fails. Choosing the correct electric AC motor type could avoid the repeated failure of the motor. With the use of modern technology and industrial automation to manufacture electric AC motors, the general manufacturing defects in these motors are expected to come down in the near future.

View full report ToC@ https://www.visionresearchreports.com/electric-ac-motors-market/toc/38860

Report Highlights

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

Buy This Report Study@ https://www.visionresearchreports.com/report/cart/38860

Key Players

Some of the key players in the electric AC motors market are Johnson Electric, Baldor Electric Company, Siemens AG, Rockwell Automation, Inc., Franklin Electric, ASMO CO.LTD., AMETEK.Inc, Mordor Intelligence, ABB Limited, Control Technique, Kirloskar Electric Company, and more.

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

Buy This Report Study@ https://www.visionresearchreports.com/report/cart/38860

Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

View all posts by Steve Robber →