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AC Electric Motor Market Size, Share & Trends Analysis Report By Sales Type (New Sales, and Aftermarket), By Output Power, By End-Use (Industrial Machinery, HVAC, Transportation, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 241 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953666
The Global AC Electric Motor Market size is expected to reach $22.4 billion by 2030, rising at a market growth of 4.5% CAGR during the forecast period.

AC electric motors can be seamlessly integrated into automated manufacturing processes and robotics. Thus, the industrial machinery segment acquired $7,931.8 million revenue in 2022. Automation systems can control and monitor these motors remotely, allowing for greater flexibility, precision, and consistency in industrial operations.



Industries are pressured to lower their energy use and carbon footprint due to rising public awareness of environmental issues, including carbon emissions and climate change. Energy-efficient AC electric motors offer a solution by minimizing power wastage during operation, helping industries meet sustainability targets and comply with environmental regulations. Hence, the rising demand for energy-efficient motors propels the market’s growth.

Additionally, Electric vehicles rely on electric motors as their primary power source for propulsion, replacing traditional internal combustion engines. AC electric motors, including induction motors and permanent magnet synchronous motors (PMSMs), are widely used in EVs due to their efficiency, torque characteristics, and controllability. Thus, the growing adoption of electric vehicles globally drives the market’s growth.

However, AC electric motors, especially those with advanced features such as high-efficiency ratings or specialized applications, often incur a higher upfront cost than standard motors. The initial investment required to purchase these motors can be substantial, particularly for businesses operating on tight budgets or in cost-sensitive industries. In conclusion, high initial investment cost of AC electric motors is hampering the growth of the market.

By Sales Type Analysis

By sales type, the market is divided into new sales and aftermarket. In 2022, the new sales segment registered 79% revenue share in the market. Manufacturers continually innovate and develop new AC electric motors with enhanced efficiency, performance, and features.

By Output Power Analysis

Based on output power, the market is divided into 1000 HP up to 10000 HP, 10000 HP up to 20000 HP, and 20000 HP up to 30000 HP. The 10000 HP up to 20000 segments attained a significant 31.2% revenue share in the market.



By End Use Analysis

On the basis of end-use industry, the market is segmented into transportation, HVAC, industrial machinery, and others. The industrial machinery segment recorded the largest 50% revenue share in the market in 2022. Industrial machinery encompasses various applications across various industries, including manufacturing, construction, mining, agriculture, and transportation.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a maximum 39% revenue share in the market in 2022.

Recent Strategies Deployed in the Market

  • Jan-2024: WEG Equipamentos Eletricos SA introduced W23 Sync+, a hybrid motor that merges synchronous reluctance and permanent magnet. With the launch of W23 Sync+, WEG would offer great ability beyond all speed, in addition to this W23 Sync+ would also prolong its high efficiency below 2%.
  • Sep-2023: WEG Equipamentos Eletricos SA acquired Regal Rexnord Corporation's generator and industrial electric trade, a worldwide producer of electromechanical articles. Through this acquisition, WEG would expand its business internationally and diversify its industrial operations.
  • Jun-2023: ABB Ltd. introduced AMI 5800 NEMA, an adjustable motor to bring classic efficiency reliability pumps, compressors, fans, etc. Additionally, The AMI 5800 would also offer great modularity and modifications to include both improved and newly built projects in numerous industries.
  • May-2023: WEG Equipamentos Eletricos SA formed a partnership with GM, a global automotive corporation. Under this partnership, WEG would offer personalized services and AC recharging stations. Moreover, WEG would provide technology for the installation of attainable recharging stations in parking lots and garages.
  • Apr-2023: WEG Equipamentos Eletricos SA entered into a partnership with GWM, a Chinese manufacturer of automobiles. Under this partnership, WEG would introduce electrification into the Brazilian markets. Moreover, the company would deliver WEG wall chargers to its customers with 7.4 kW of power, alternating current (AC).

List of Key Companies Profiled

  • WEG Equipamentos Eletricos SA
  • Toshiba Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • ABB Ltd.
  • Nidec Corporation
  • Siemens AG
  • Kirloskar Electric Co. Ltd.
  • Schneider Electric SE
  • Emerson Electric Co.

Market Report Segmentation

By Sales Type
  • New Sales
  • Aftermarket
By Output Power
  • 1,000 HP up to 10,000 HP
  • 10,000 HP up to 20,000 HP
  • 20,000 HP up to 30,000 HP
By End Use
  • Industrial Machinery
  • HVAC
  • Transportation
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global AC Electric Motor Market, by Sales Type
1.4.2 Global AC Electric Motor Market, by Output Power
1.4.3 Global AC Electric Motor Market, by End Use
1.4.4 Global AC Electric Motor Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in AC Electric Motor Market
Chapter 5. Global AC Electric Motor Market by Sales Type
5.1 Global New Sales Market by Region
5.2 Global Aftermarket Market by Region
Chapter 6. Global AC Electric Motor Market by Output Power
6.1 Global 1,000 HP up to 10,000 HP Market by Region
6.2 Global 10,000 HP up to 20,000 HP Market by Region
6.3 Global 20,000 HP up to 30,000 HP Market by Region
Chapter 7. Global AC Electric Motor Market by End-Use
7.1 Global Industrial Machinery Market by Region
7.2 Global HVAC Market by Region
7.3 Global Transportation Market by Region
7.4 Global Others Market by Region
Chapter 8. Global AC Electric Motor Market by Region
8.1 North America AC Electric Motor Market
8.1.1 North America AC Electric Motor Market by Sales Type
8.1.1.1 North America New Sales Market by Region
8.1.1.2 North America Aftermarket Market by Region
8.1.2 North America AC Electric Motor Market by Output Power
8.1.2.1 North America 1,000 HP up to 10,000 HP Market by Country
8.1.2.2 North America 10,000 HP up to 20,000 HP Market by Country
8.1.2.3 North America 20,000 HP up to 30,000 HP Market by Country
8.1.3 North America AC Electric Motor Market by End-Use
8.1.3.1 North America Industrial Machinery Market by Country
8.1.3.2 North America HVAC Market by Country
8.1.3.3 North America Transportation Market by Country
8.1.3.4 North America Others Market by Country
8.1.4 North America AC Electric Motor Market by Country
8.1.4.1 US AC Electric Motor Market
8.1.4.1.1 US AC Electric Motor Market by Sales Type
8.1.4.1.2 US AC Electric Motor Market by Output Power
8.1.4.1.3 US AC Electric Motor Market by End-Use
8.1.4.2 Canada AC Electric Motor Market
8.1.4.2.1 Canada AC Electric Motor Market by Sales Type
8.1.4.2.2 Canada AC Electric Motor Market by Output Power
8.1.4.2.3 Canada AC Electric Motor Market by End-Use
8.1.4.3 Mexico AC Electric Motor Market
8.1.4.3.1 Mexico AC Electric Motor Market by Sales Type
8.1.4.3.2 Mexico AC Electric Motor Market by Output Power
8.1.4.3.3 Mexico AC Electric Motor Market by End-Use
8.1.4.4 Rest of North America AC Electric Motor Market
8.1.4.4.1 Rest of North America AC Electric Motor Market by Sales Type
8.1.4.4.2 Rest of North America AC Electric Motor Market by Output Power
8.1.4.4.3 Rest of North America AC Electric Motor Market by End-Use
8.2 Europe AC Electric Motor Market
8.2.1 Europe AC Electric Motor Market by Sales Type
8.2.1.1 Europe New Sales Market by Country
8.2.1.2 Europe Aftermarket Market by Country
8.2.2 Europe AC Electric Motor Market by Output Power
8.2.2.1 Europe 1,000 HP up to 10,000 HP Market by Country
8.2.2.2 Europe 10,000 HP up to 20,000 HP Market by Country
8.2.2.3 Europe 20,000 HP up to 30,000 HP Market by Country
8.2.3 Europe AC Electric Motor Market by End-Use
8.2.3.1 Europe Industrial Machinery Market by Country
8.2.3.2 Europe HVAC Market by Country
8.2.3.3 Europe Transportation Market by Country
8.2.3.4 Europe Others Market by Country
8.2.4 Europe AC Electric Motor Market by Country
8.2.4.1 Germany AC Electric Motor Market
8.2.4.1.1 Germany AC Electric Motor Market by Sales Type
8.2.4.1.2 Germany AC Electric Motor Market by Output Power
8.2.4.1.3 Germany AC Electric Motor Market by End-Use
8.2.4.2 UK AC Electric Motor Market
8.2.4.2.1 UK AC Electric Motor Market by Sales Type
8.2.4.2.2 UK AC Electric Motor Market by Output Power
8.2.4.2.3 UK AC Electric Motor Market by End-Use
8.2.4.3 France AC Electric Motor Market
8.2.4.3.1 France AC Electric Motor Market by Sales Type
8.2.4.3.2 France AC Electric Motor Market by Output Power
8.2.4.3.3 France AC Electric Motor Market by End-Use
8.2.4.4 Russia AC Electric Motor Market
8.2.4.4.1 Russia AC Electric Motor Market by Sales Type
8.2.4.4.2 Russia AC Electric Motor Market by Output Power
8.2.4.4.3 Russia AC Electric Motor Market by End-Use
8.2.4.5 Spain AC Electric Motor Market
8.2.4.5.1 Spain AC Electric Motor Market by Sales Type
8.2.4.5.2 Spain AC Electric Motor Market by Output Power
8.2.4.5.3 Spain AC Electric Motor Market by End-Use
8.2.4.6 Italy AC Electric Motor Market
8.2.4.6.1 Italy AC Electric Motor Market by Sales Type
8.2.4.6.2 Italy AC Electric Motor Market by Output Power
8.2.4.6.3 Italy AC Electric Motor Market by End-Use
8.2.4.7 Rest of Europe AC Electric Motor Market
8.2.4.7.1 Rest of Europe AC Electric Motor Market by Sales Type
8.2.4.7.2 Rest of Europe AC Electric Motor Market by Output Power
8.2.4.7.3 Rest of Europe AC Electric Motor Market by End-Use
8.3 Asia Pacific AC Electric Motor Market
8.3.1 Asia Pacific AC Electric Motor Market by Sales Type
8.3.1.1 Asia Pacific New Sales Market by Country
8.3.1.2 Asia Pacific Aftermarket Market by Country
8.3.2 Asia Pacific AC Electric Motor Market by Output Power
8.3.2.1 Asia Pacific 1,000 HP up to 10,000 HP Market by Country
8.3.2.2 Asia Pacific 10,000 HP up to 20,000 HP Market by Country
8.3.2.3 Asia Pacific 20,000 HP up to 30,000 HP Market by Country
8.3.3 Asia Pacific AC Electric Motor Market by End-Use
8.3.3.1 Asia Pacific Industrial Machinery Market by Country
8.3.3.2 Asia Pacific HVAC Market by Country
8.3.3.3 Asia Pacific Transportation Market by Country
8.3.3.4 Asia Pacific Others Market by Country
8.3.4 Asia Pacific AC Electric Motor Market by Country
8.3.4.1 China AC Electric Motor Market
8.3.4.1.1 China AC Electric Motor Market by Sales Type
8.3.4.1.2 China AC Electric Motor Market by Output Power
8.3.4.1.3 China AC Electric Motor Market by End-Use
8.3.4.2 Japan AC Electric Motor Market
8.3.4.2.1 Japan AC Electric Motor Market by Sales Type
8.3.4.2.2 Japan AC Electric Motor Market by Output Power
8.3.4.2.3 Japan AC Electric Motor Market by End-Use
8.3.4.3 India AC Electric Motor Market
8.3.4.3.1 India AC Electric Motor Market by Sales Type
8.3.4.3.2 India AC Electric Motor Market by Output Power
8.3.4.3.3 India AC Electric Motor Market by End-Use
8.3.4.4 South Korea AC Electric Motor Market
8.3.4.4.1 South Korea AC Electric Motor Market by Sales Type
8.3.4.4.2 South Korea AC Electric Motor Market by Output Power
8.3.4.4.3 South Korea AC Electric Motor Market by End-Use
8.3.4.5 Singapore AC Electric Motor Market
8.3.4.5.1 Singapore AC Electric Motor Market by Sales Type
8.3.4.5.2 Singapore AC Electric Motor Market by Output Power
8.3.4.5.3 Singapore AC Electric Motor Market by End-Use
8.3.4.6 Malaysia AC Electric Motor Market
8.3.4.6.1 Malaysia AC Electric Motor Market by Sales Type
8.3.4.6.2 Malaysia AC Electric Motor Market by Output Power
8.3.4.6.3 Malaysia AC Electric Motor Market by End-Use
8.3.4.7 Rest of Asia Pacific AC Electric Motor Market
8.3.4.7.1 Rest of Asia Pacific AC Electric Motor Market by Sales Type
8.3.4.7.2 Rest of Asia Pacific AC Electric Motor Market by Output Power
8.3.4.7.3 Rest of Asia Pacific AC Electric Motor Market by End-Use
8.4 LAMEA AC Electric Motor Market
8.4.1 LAMEA AC Electric Motor Market by Sales Type
8.4.1.1 LAMEA New Sales Market by Country
8.4.1.2 LAMEA Aftermarket Market by Country
8.4.2 LAMEA AC Electric Motor Market by Output Power
8.4.2.1 LAMEA 1,000 HP up to 10,000 HP Market by Country
8.4.2.2 LAMEA 10,000 HP up to 20,000 HP Market by Country
8.4.2.3 LAMEA 20,000 HP up to 30,000 HP Market by Country
8.4.3 LAMEA AC Electric Motor Market by End-Use
8.4.3.1 LAMEA Industrial Machinery Market by Country
8.4.3.2 LAMEA HVAC Market by Country
8.4.3.3 LAMEA Transportation Market by Country
8.4.3.4 LAMEA Others Market by Country
8.4.4 LAMEA AC Electric Motor Market by Country
8.4.4.1 Brazil AC Electric Motor Market
8.4.4.1.1 Brazil AC Electric Motor Market by Sales Type
8.4.4.1.2 Brazil AC Electric Motor Market by Output Power
8.4.4.1.3 Brazil AC Electric Motor Market by End-Use
8.4.4.2 Argentina AC Electric Motor Market
8.4.4.2.1 Argentina AC Electric Motor Market by Sales Type
8.4.4.2.2 Argentina AC Electric Motor Market by Output Power
8.4.4.2.3 Argentina AC Electric Motor Market by End-Use
8.4.4.3 UAE AC Electric Motor Market
8.4.4.3.1 UAE AC Electric Motor Market by Sales Type
8.4.4.3.2 UAE AC Electric Motor Market by Output Power
8.4.4.3.3 UAE AC Electric Motor Market by End-Use
8.4.4.4 Saudi Arabia AC Electric Motor Market
8.4.4.4.1 Saudi Arabia AC Electric Motor Market by Sales Type
8.4.4.4.2 Saudi Arabia AC Electric Motor Market by Output Power
8.4.4.4.3 Saudi Arabia AC Electric Motor Market by End-Use
8.4.4.5 South Africa AC Electric Motor Market
8.4.4.5.1 South Africa AC Electric Motor Market by Sales Type
8.4.4.5.2 South Africa AC Electric Motor Market by Output Power
8.4.4.5.3 South Africa AC Electric Motor Market by End-Use
8.4.4.6 Nigeria AC Electric Motor Market
8.4.4.6.1 Nigeria AC Electric Motor Market by Sales Type
8.4.4.6.2 Nigeria AC Electric Motor Market by Output Power
8.4.4.6.3 Nigeria AC Electric Motor Market by End-Use
8.4.4.7 Rest of LAMEA AC Electric Motor Market
8.4.4.7.1 Rest of LAMEA AC Electric Motor Market by Sales Type
8.4.4.7.2 Rest of LAMEA AC Electric Motor Market by Output Power
8.4.4.7.3 Rest of LAMEA AC Electric Motor Market by End-Use
Chapter 9. Company Profiles
9.1 WEG Equipamentos Eletricos SA
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.4.3 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 Toshiba Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research and Development Expense
9.2.5 SWOT Analysis
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Hitachi, Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 ABB Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Nidec Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 Siemens AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Kirloskar Electric Co. Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.9 Schneider Electric SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Emerson Electric Co.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
Chapter 10. Winning imperatives of AC Electric Motor Market

Companies Mentioned

  • WEG Equipamentos Eletricos SA
  • Toshiba Corporation
  • General Electric Company
  • Hitachi, Ltd.
  • ABB Ltd.
  • Nidec Corporation
  • Siemens AG
  • Kirloskar Electric Co. Ltd.
  • Schneider Electric SE
  • Emerson Electric Co.

Methodology

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