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Electric AC Motors Market Share, Size, Trends & Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region, Segment Forecast, 2019 – 2026

  • Published Date: Mar 2019
  • Pages: 108
  • Format: PDF
  • Report ID: PM1605
  • Base Year: 2018
  • Historical Data: 2015 - 2016 - 2017

Report Summary

The global electric AC motors market was valued at USD 86.5 billion in 2018 and is anticipated to grow at a CAGR of 8.8% during the forecast period. Electric AC motors are machines used for conversion of electric power to mechanical energy. Electric AC motors convert the alternating current into mechanical power through electromagnetic induction.

Electric AC motors are used in diverse applications such as household appliances, machine tools, vehicles, HVAC, and industrial among others. AC motors are single phase or three phases. The three phase AC motors are used for industrial applications such as conversion of bulk power from electrical to mechanical. Single phase AC motors are small in size, and mostly used for small power conversion such as refrigerators, fans, washing machine, hair dryers, and mixers among others.

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The increasing use of electric AC motors in infrastructural development, and growth in the global industrial drive the market growth. Electric AC motors are used in various industries such as consumer goods, automotive, construction, healthcare, and agriculture among others, and growth in these industries worldwide is expected to supplement the market growth. Other factors driving the electric AC motors industry include growing automation in various industrial processes, increasing demand for electric AC motor operated household appliances owing to low manufacturing cost, and durability, and growing use in HVAC applications.

The increasing awareness regarding use of energy efficient motors and growing adoption of electric vehicles is expected to support the market growth during the forecast period. The rising construction activities especially in the developing economies, and increase in HVAC installations further accelerates the adoption of electric AC motors. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry.

Segment Analysis

The global market is segmented on the basis of type, application, and region. Based on type, the Electric AC Motors industry is segmented into Induction AC Motors, and Synchronous AC Motors. The Induction AC Motors segment accounted for the highest share during 2018 owing to its simplicity, low-cost, quiet, and long-lasting properties.

The application segment is categorized into automotive, agriculture, residential, commercial, industrial, and others. The automotive segment accounted for the highest market share in the Electric AC Motors industry in 2018 owing to growing demand for passenger vehicles. The increasing penetration of electric vehicles in Asia-Pacific also supports the market growth in the region.

Electric AC Motors Market Scope

By Type

By End User

By Regions

Induction AC Motors

Synchronous AC Motors

  • Automotive
  • Agriculture
  • Residential
  • Commercial
  • Industrial
  • Others
  • North America (U.S., Canada)
  • Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
  • Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East and Africa (UAE, Saudi Arabia, South Africa)

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Regional Analysis

This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.

Asia-Pacific accounted for the largest share in the global market in 2018. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, rapid industrialization, and growth of manufacturing industry are factors driving the market growth.

Competitive Landscape

The leading players in the market include 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., and ABB Limited among others. The leading players in the Electric AC Motors industry are introducing new innovative products in the market to cater to the growing consumer demands. Global players are entering new markets in developing regions to expand their customer base and strengthen presence in the market.

Key Take-Away
Polaris Market Research
Electric AC Motors Market Size & Trends - Industry Report, 2019-2026