The Electric AC Motors market size was valued at US$ 110.59 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.5% from 2022 to 2027, reaching nearly US$ 170.67 Bn.
Electric AC Motors Market Overview:
The Electric AC Motors Market report is a thorough analysis of current trends and future market dynamics in the Electric AC Motors Market, which aids customers in discovering business opportunities and developing market strategies. The Electric AC Motors Market research report includes key competitors, industrial chain structure, industry overview, industry national policy, planning analysis, and the most current dynamic analysis. The analysis focused on the overall market drivers, opportunities, challenges, and constraints. The Electric AC Motors market report also explores the effect of these main drivers, trends, and limitations on market demand throughout the forecast period.
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Electric AC Motors Market Scope:
The Electric AC Motors Market is an in-depth analysis that includes the major customer and market application sectors, important regions and consumption, key manufacturers, distributors, suppliers of raw materials, and equipment vendors, as well as contact information and an industry chain relationship analysis. Additionally, this study includes product specifications, production methods, cost structure, and data information categorized by location, technology, and application. The goods and services provided by key enterprises, revenue, economic position in the market, investment plan, growth strategy, and regional presence are all examined. Recent acquisitions and mergers, as well as company strategic orientations and information on cooperative alliances, paint a realistic picture of the competitive environment in the Electric AC Motors Market.
Electric AC Motors Research Methodology:
Data was collected by using both primary and secondary research approaches and utilizing the bottom-up approaches to validate the findings. Secondary data was gathered from a number of sources to guarantee consistency in the results. Official databases from various organizations and government websites, industry periodicals, newspapers, huge business annual reports, manufacturer and supplier publications, and paid databases are examples of this. Surveys, questionnaire administration, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals are used to obtain primary data. SWOT analysis was used to assess significant organizations' strengths and weaknesses, while PORTER and PESTLE were employed to investigate various economic problems. Finally, the research provides a complete electric blankets market analysis.
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Drivers:
Electric AC motors are used in compressors, stationary cranes, diesel-electric engines, and home appliances. Due to their key characteristics, which include cost effectiveness and efficient operation in harsh environments, they are suitable for a variety of applications. These high-efficiency items are predicted to grow quickly due to their low maintenance needs, lengthy lifespans, and low power consumption.
The market is expanding as a result of the rising demand for AC motor-driven engines on a global scale. Furthermore, it is anticipated that factors like rising demand for industrial machinery and HVAC equipment will fuel market demand by 2027. The demand for AC motors has increased as a result of numerous technological advancements that have occurred over the past few years.
Segmentation:
The market is divided into Synchronous AC Motors and Induction AC Motors based on Type. By 2027, the Synchronous AC Motors segment is anticipated to command the largest market share. Synchronous motors are typically more energy-efficient than induction motors, though they can occasionally achieve efficiencies of more than 90%. A synchronous motor without a load attached to its shaft is used to improve power factor. Because of its ability to function at any electrical power factor and the cost of static capacitors, it is used in power systems. Applications where the operating speed is low (around 500 rpm) but the power output is high use synchronous motors.
Key Players:
The major players covered in the Electric AC Motors market report are
• Siemens AG
• Kirloskar Electric Company
• Johnson Electric
• Rockwell Automation, Inc.
• Baldor Electric Company
• Allied Motion Technologies Inc.
• Ametek Inc.
• Asmo Co. Ltd.
• Franklin Electric Co. Inc.
• ABB
• Chinabase Machinery
• CRRC Zhuzhou Electric Co., Ltd.
• Elprom Harmanli
• Toshiba Corporation
• Nidec Corporation
• Wolong
• WEG
• TECO Electric & Machinery
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Key Questions Answered in the Electric AC Motors Market Report are:
- What is Electric AC Motors Market?
- What is the growth rate of the Electric AC Motors Market during the forecast period?
- What is the nature of competition in the Electric AC Motors Market industry in developed economies and developing economies?
- Who are the key players in the Electric AC Motors Market?
- Who are the market leaders in the Electric AC Motors Market in Europe?
- Who are the market leaders in the Electric AC Motors Market in USA and Canada?
- Who are the market leaders in the Electric AC Motors Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Electric AC Motors Market?
- Who held the largest market share in the Electric AC Motors Market?
- What are the factors for the growth of the Asia-Pacific region in the Electric AC Motors Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by major segmentation and region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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