The global electric AC motors market size is expected to
reach USD 146.6 billion by 2025, at a CAGR of 7.3% according to a new report by
Grand View Research, Inc. These products are widely used in compressors, fixed
cranes, diesel electric engines, and domestic appliances. Their key advantages,
such as cost-effectiveness and efficient operation in harsh environments, are
making them suitable for a variety of applications. These high-efficiency
products are likely to witness huge growth, owing to their low maintenance
requirements, long operating life, and low power consumption.
The rising global demand for AC motors-driven
engines is also spurring the market growth. Furthermore, factors, such as
growing demand for HVAC equipment and industrial machinery, are projected to
propel the market demand by 2025. AC motors have undergone numerous
technological advancements over the past few years, which have resulted in increased
demand for these motors.
The market is anticipated to witness
substantial growth over the forecast period, owing to the rising number of
industries across developed and developing countries. The market is further
driven by the extensive adoption of these products in diverse industrial
equipment such as fixed cranes, conveyor belts, electric saw, and so on.
The ever-rising fuel prices and mounting need
among consumers for using cleaner sources of energy has driven the market
growth for electric motors in the recent years. An AC motor acts as the key
component of electric motors is likely to drive the demand. Furthermore,
increasing environmental concerns and rising government initiatives pertaining
to environment conservation continue to be the key drivers of the market
growth.
HVAC systems are largely employed in various
places such as commercial spaces, offices, and shopping malls. The growing rate
of urbanization and enhanced standard of living have led to the large-scale
installation of HVAC systems. AC motors are used in HVAC equipment to power air
blowers that regulate air flow.
The ability of AC type to operate at different
speeds, along with the increased dependability and operational efficiency of an
equipment, is anticipated to lead to an increase in their adoption over the
forecast period.
For full research report on Electric AC
Motors Market visit here:
https://www.grandviewresearch.com/industry-analysis/electric-ac-motors-market
Further key
findings from the report suggest:
- The electric AC motors market was valued at
USD 78.6 billion in 2016 and is predicted to grow at a CAGR of 7.3% over
the forecast period, which can be attributed to their growing adoption in
HVAC equipment and industrial machinery
- The induction segment captured a major market
share in 2016, owing to factors such as sturdy construction, low
maintenance, and efficient operation in unfavorable environments
- The increasing utilization of motors with
integral HP output in hybrid electric vehicles is expected to boost the
market prospects of the segment
- AC motors are broadly adopted in the
industrial machinery sector, owing to their benefits such as robust
functioning and safe operations
- The Asia Pacific region is projected to
witness substantial growth with a CAGR exceeding 8% over the forecast
period, owing to the increasing commercialization and industrialization in
the developing economies such as China, India, and Japan
- The key players, such as ABB Ltd., Toshiba,
Baldor Electric Co., and Siemens AG, dominated the market in 2016 and
focus on increasing market presence through mergers and acquisitions.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/electric-ac-motors-market/request/rs1
Grand
View Research has segmented the global electric AC motors market based on
types, voltage, end uses, and regions:
Type Outlook
(Revenue, USD Billion, 2014 - 2025)
- Synchronous AC
Motors
- Induction AC Motors
Voltage
Outlook (Revenue, USD Billion; 2014 - 2025)
- Integral HP Output
- Fractional HP Output
End Use
Outlook (Revenue, USD Billion; 2014 - 2025)
- Industrial Machinery
- Motor Vehicles
- HVAC Equipment
- Aerospace &
Transportation
- Household Appliances
- Others
Regional
Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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