Global Electric AC Motors Market Outlook to 2028

Drivers:

• Shift to electrification, automation, and robotization.
• Continued expansion of the industrial electric motor plants.
• Rising levels of appliance ownership.
• Supporting government policies towards appliance efficiency along with labeling programs.
• Economies undergoing urbanization and industrialization - South Africa, Mexico, Brazil, China, India.
• Demand for an electric motor in the end-user industry.

Definition and Applications:

Definition: AC motors are electromechanical devices that convert electrical power in the form of alternating voltage and current into mechanical energy. AC motors are classified into synchronous motors and induction motors (asynchronous motors).

Induction motors can be either single-phase or three-phase, while synchronous motors include reluctance motors and hysteresis motors. AC motors are of low maintenance compared to DC motors as brushes and commutators are absent.

The AC motor generally comprises two essential parts: an outside stator with coils that run an alternating current that produces a revolving magnetic field, and an interior rotor attached to the output shaft produces a second rotating magnetic field.

The input frequency of the alternating current provided to the stator coils controls the speed of an AC motor, which is directly proportional.

AC motors are required where there is a need for high speed and variable torque. As the frequency increases, the speed of the motor increases. Variable frequency drive controllers adjust the input frequency as desired to produce the desired motor speed.

Applications: AC motors are used in several applications, including food service pumps, hydraulic pumps, irrigation pumps, water heaters, lawn and garden equipment, power drives for compressors, air conditioning compressors, ceiling fans, mixer grinders, and portable power tools, and other machines.

Restraints:

• Changes in foreign currency rates, inflation rates, and interest rates. 
• Competition from the existing players in the domestic and international levels
• New product introductions or technological advances by competitors.

Recent Trends & Developments:

• From July 1, 2021, the European Union's (EU) latest Ecodesign Regulation 2021/341 made a minimum level of IE3 (International Efficiency class 3) mandatory to low-voltage induction electric motors rated at 0.75 to 1,000 kilowatts (kW). For 3-phase motors with lower power ratings, from 0.12 to 0.75 kW, the mandatory minimum efficiency level becomes IE2.
• As per the minimum efficiency performance standards, countries like the UK, Canada, Singapore, USA, Brazil, China, Australia, and New Zealand need the Single speed induction motors to be European IE3 standards.

Opportunities:

• Components related to motors to make it more efficient such as frequency converters - optimized motor converter systems.
• M&A and partnerships.

Blackridge Research's Global Electric AC motors market report provides insights into the current global and regional Global market demand scenario and its outlook.

This study offers a detailed analysis of various factors instrumental in affecting the Global Electric AC Motors market's growth. The study also comprehensively analyses the market based on type (synchronous motor and induction motor) and geography (North America, Europe, Asia-Pacific, and the Rest of the world).

This report also includes the latest market trends, drivers and restraints, present and future opportunities, new projects, the global impact of Covid-19 on the Global Electric AC Motors Market, and significant developments.                                                                         

Further, the report will also provide Global Electric AC Motors' market size, demand forecast, and key competitors in the market.