Electric AC Motors Market Key Findings by 2031
Electric AC motors are used in various functionalities such as machine tools, household appliances, HVAC, vehicles, and industrial among others. The electric AC motors are used for industrialized applications such as conversion of power from electrical to mechanical. Single phase electric AC motors are small in size, and mostly used for minor power conversion such as fans, refrigerators, hair dryers, washing machine, and mixers among others. Growing automation in various industrial processes, increasing demand for electric AC motor operated household appliances, low manufacturing cost, durability, and growing use in HVAC applications are the factors responsible for the growth of the electric AC motors market.
MARKET DYNAMICS
The increasing awareness regarding the use of the growing adoption of electric vehicles and energy-efficient motors are some of the major factors driving the growth of the market. However, the motors with high power generate extensive vibration, strain, and heating during their functioning, which are the elements restraining the growth of the market. The Increase in HVAC installations and rise in construction activities, especially in the developing economies, further accelerates the adoption of electric AC motors.
MARKET SCOPE
The "Global Electric AC Motors Market Analysis to 2031" is a specialized and in-depth study of the Electric AC motors market with a special focus on the global market trend analysis. The report aims to provide an overview of Electric AC motors market with detailed market segmentation by type, applications. The global Electric AC motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Electric AC motors market players and offers key trends and opportunities in the Electric AC motors market.
MARKET SEGMENTATION
The global Electric AC motors market is segmented on the basis of type, applications. On the basis of type, the market is segmented as induction AC motors, synchronous AC motors. On the basis of applications, the market is segmented as automotive, agriculture, residential, commercial, industrial, others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Electric AC motors market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Electric AC motors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Electric AC motors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electric AC motors market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Electric AC motors market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Electric AC motors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Electric AC motors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electric AC motors market in these regions.
MARKET PLAYERS
The reports cover key developments in the Electric AC motors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electric AC motors market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric AC motors market. Below mentioned is the list of few companies engaged in the Electric AC motors market.
The report also includes the profiles of key Electric AC motors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Limited
- AMETEK.Inc
- ASMO CO.LTD.
- Baldor Electric Company
- Franklin Electric
- Johnson Electric
- Kirloskar Electric Company
- Mordor Intelligence
- Rockwell Automation, Inc.
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric AC Motors Market - By Type
1.3.2 Electric AC Motors Market - By Application
1.3.3 Electric AC Motors Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC AC MOTORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC AC MOTORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ELECTRIC AC MOTORS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC AC MOTORS - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC AC MOTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC AC MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. INDUCTION AC MOTORS
7.3.1. Overview
7.3.2. Induction AC Motors Market Forecast and Analysis
7.4. SYNCHRONOUS AC MOTORS
7.4.1. Overview
7.4.2. Synchronous AC Motors Market Forecast and Analysis
8. ELECTRIC AC MOTORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AGRICULTURE
8.4.1. Overview
8.4.2. Agriculture Market Forecast and Analysis
8.5. RESIDENTIAL
8.5.1. Overview
8.5.2. Residential Market Forecast and Analysis
8.6. COMMERCIAL
8.6.1. Overview
8.6.2. Commercial Market Forecast and Analysis
8.7. INDUSTRIAL
8.7.1. Overview
8.7.2. Industrial Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ELECTRIC AC MOTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric AC Motors Market Overview
9.1.2 North America Electric AC Motors Market Forecasts and Analysis
9.1.3 North America Electric AC Motors Market Forecasts and Analysis - By Type
9.1.4 North America Electric AC Motors Market Forecasts and Analysis - By Application
9.1.5 North America Electric AC Motors Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Electric AC Motors Market
9.1.5.1.1 Canada Electric AC Motors Market by Type
9.1.5.1.2 Canada Electric AC Motors Market by Application
9.1.5.2 Mexico Electric AC Motors Market
9.1.5.2.1 Mexico Electric AC Motors Market by Type
9.1.5.2.2 Mexico Electric AC Motors Market by Application
9.1.5.3 US Electric AC Motors Market
9.1.5.3.1 US Electric AC Motors Market by Type
9.1.5.3.2 US Electric AC Motors Market by Application
9.2. EUROPE
9.2.1 Europe Electric AC Motors Market Overview
9.2.2 Europe Electric AC Motors Market Forecasts and Analysis
9.2.3 Europe Electric AC Motors Market Forecasts and Analysis - By Type
9.2.4 Europe Electric AC Motors Market Forecasts and Analysis - By Application
9.2.5 Europe Electric AC Motors Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric AC Motors Market
9.2.5.1.1 Germany Electric AC Motors Market by Type
9.2.5.1.2 Germany Electric AC Motors Market by Application
9.2.5.2 France Electric AC Motors Market
9.2.5.2.1 France Electric AC Motors Market by Type
9.2.5.2.2 France Electric AC Motors Market by Application
9.2.5.3 Italy Electric AC Motors Market
9.2.5.3.1 Italy Electric AC Motors Market by Type
9.2.5.3.2 Italy Electric AC Motors Market by Application
9.2.5.4 United Kingdom Electric AC Motors Market
9.2.5.4.1 United Kingdom Electric AC Motors Market by Type
9.2.5.4.2 United Kingdom Electric AC Motors Market by Application
9.2.5.5 Russia Electric AC Motors Market
9.2.5.5.1 Russia Electric AC Motors Market by Type
9.2.5.5.2 Russia Electric AC Motors Market by Application
9.2.5.6 Rest of Europe Electric AC Motors Market
9.2.5.6.1 Rest of Europe Electric AC Motors Market by Type
9.2.5.6.2 Rest of Europe Electric AC Motors Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric AC Motors Market Overview
9.3.2 Asia-Pacific Electric AC Motors Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric AC Motors Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electric AC Motors Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electric AC Motors Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric AC Motors Market
9.3.5.1.1 Australia Electric AC Motors Market by Type
9.3.5.1.2 Australia Electric AC Motors Market by Application
9.3.5.2 China Electric AC Motors Market
9.3.5.2.1 China Electric AC Motors Market by Type
9.3.5.2.2 China Electric AC Motors Market by Application
9.3.5.3 India Electric AC Motors Market
9.3.5.3.1 India Electric AC Motors Market by Type
9.3.5.3.2 India Electric AC Motors Market by Application
9.3.5.4 Japan Electric AC Motors Market
9.3.5.4.1 Japan Electric AC Motors Market by Type
9.3.5.4.2 Japan Electric AC Motors Market by Application
9.3.5.5 South Korea Electric AC Motors Market
9.3.5.5.1 South Korea Electric AC Motors Market by Type
9.3.5.5.2 South Korea Electric AC Motors Market by Application
9.3.5.6 Rest of Asia-Pacific Electric AC Motors Market
9.3.5.6.1 Rest of Asia-Pacific Electric AC Motors Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electric AC Motors Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric AC Motors Market Overview
9.4.2 Middle East and Africa Electric AC Motors Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric AC Motors Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electric AC Motors Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electric AC Motors Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric AC Motors Market
9.4.5.1.1 South Africa Electric AC Motors Market by Type
9.4.5.1.2 South Africa Electric AC Motors Market by Application
9.4.5.2 Saudi Arabia Electric AC Motors Market
9.4.5.2.1 Saudi Arabia Electric AC Motors Market by Type
9.4.5.2.2 Saudi Arabia Electric AC Motors Market by Application
9.4.5.3 U.A.E Electric AC Motors Market
9.4.5.3.1 U.A.E Electric AC Motors Market by Type
9.4.5.3.2 U.A.E Electric AC Motors Market by Application
9.4.5.4 Rest of Middle East and Africa Electric AC Motors Market
9.4.5.4.1 Rest of Middle East and Africa Electric AC Motors Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electric AC Motors Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric AC Motors Market Overview
9.5.2 South and Central America Electric AC Motors Market Forecasts and Analysis
9.5.3 South and Central America Electric AC Motors Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electric AC Motors Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electric AC Motors Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric AC Motors Market
9.5.5.1.1 Brazil Electric AC Motors Market by Type
9.5.5.1.2 Brazil Electric AC Motors Market by Application
9.5.5.2 Argentina Electric AC Motors Market
9.5.5.2.1 Argentina Electric AC Motors Market by Type
9.5.5.2.2 Argentina Electric AC Motors Market by Application
9.5.5.3 Rest of South and Central America Electric AC Motors Market
9.5.5.3.1 Rest of South and Central America Electric AC Motors Market by Type
9.5.5.3.2 Rest of South and Central America Electric AC Motors Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC AC MOTORS MARKET, KEY COMPANY PROFILES
11.1. ABB LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMETEK.INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ASMO CO.LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BALDOR ELECTRIC COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FRANKLIN ELECTRIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JOHNSON ELECTRIC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KIRLOSKAR ELECTRIC COMPANY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MORDOR INTELLIGENCE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROCKWELL AUTOMATION, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIEMENS AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB Limited
2. AMETEK.Inc
3. ASMO CO.LTD.
4. Baldor Electric Company
5. Franklin Electric
6. Johnson Electric
7. Kirloskar Electric Company
8. Mordor Intelligence
9. Rockwell Automation, Inc.
10. Siemens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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