Global Electric AC Motors Market Outlook to 2028

Global Electric AC Motors Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0356

About the Report

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.

 

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type
    • 5.1.1 Synchronous motor
    • 5.1.2 Asynchronous motor or Induction motor

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 Regal Rexnord Corporation
  • 7.2 ABB
  • 7.3 Weg S.A
  • 7.4 Hitachi, Ltd.
  • 7.5 Johnson electric
  • 7.6 Nidec motor Corporation
  • 7.7 Siemens AG
  • 7.8 Toshiba Mitsubishi-Electric Industrial Systems Corporation
  • 7.9 Lafert Group
  • 7.10 Kirloskar Electric Company Limited
  • 7.11 ElectroCraft, Inc.
  • 7.12 Teco-Westinghouse Motor Company

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of Covid-19 on the Global Electric AC Motors market.
  • Equip yourself with rigorous analysis and forward-looking insights into the Global Electric AC Motors market across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demands across various segments evolve over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Who need this report?

  • OEMs
  • Distributors and Suppliers
  • End-user customers
  • Investor Community
  • Financial Companies
  • Government Bodies and Industry Organizations
  • Others

  What's included

Report - Global Electric AC Motors Market Outlook to 2028.pdf
Market Data - Global Electric AC Motors Market Outlook to 2028.xls

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