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AC Motors Market by Type (Induction, Synchronous), Voltage (3 kV-3.6 kV, 3.7-4.9 kV, 5 kV-7.2 kV, Above 7.2 kV), Poles (2, 4, 6, 8, 10), Power Rating, End User and Region - Global Trends & Forecast to 2029

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    Report

  • 287 Pages
  • December 2024
  • Region: Global
  • Markets and Markets
  • ID: 6041066
Description Jump to:
The AC motors market is projected to reach USD 6.60 billion by 2029 from an estimated USD 4.60 billion in 2024, at a CAGR of 7.5% during the forecast period (2024-2029). The demand for AC motors is growing because there has been an increased number of applications in industries such as HVAC, manufacturing, oil & gas, and water and wastewater treatment. Their performance, durability, and resistance to automation make them useful for smart manufacturing. Rapid growth in infrastructure projects along with energy-efficient systems and transformation into renewable energy sources also increases use for applications requiring precise and reliable control.

Induction motor is expected to grow as the largest segment during the forecast period.

Induction motors are the strongest growing segment of AC motors because of their rugged nature, low maintenance, and all-around applications. They thrive well under changing climatic conditions and are commonly implemented in industries such as HVAC, manufacturing, and renewable energy. Electrification of transportation modes and infrastructure modernization adds to their demand. Induction motors are less costly and versatile to meet high and low speeds with many loads. This is suitable for industrial and consumer markets and has the potential for achieving lower greenhouse gas emissions by being in line with broader global sustainability goals.

Power segment is expected to emerge as the largest segment by application.

The power segment is growing the fastest within AC motors due to the growing demand for electricity driven by industrialization, urbanization, and the integration of renewable energy. It is critical for the successful operation of the power generation, transmission, and distribution systems. In turbines and compressors, AC motors handle heavy-duty equipment operations, delivering efficiency in their work. Coupled with the rising demand in power loads and motor durability and efficiency improvements, their trend is set to suit the global shift toward energy optimization. Further, with the increasing investment in smart grids and electrification projects also drives this segment forward.

China to grow at the highest CAGR for Asia Pacific AC motors market.

China represents one of the fastest-growing AC motor markets, based on its strong manufacturing industry- it accounts for the largest worldwide. China also benefits rapidly from Industry 4.0 technologies. The drive by this country to automate processes and invest more in smart factories has hugely created an influence on the demand of the AC motors in the industries. Moreover, its efforts for renewable energy and electrical vehicle use are further increasing growth among the power and automobile markets. Low production costs together with government initiatives to update infrastructures and a booming market in exports have cemented leadership status for China in AC motor industry.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
  • By Company Type: Tier 1 - 30%, Tier 2 - 45%, and Tier 3 - 25%
  • By Designation: C-Level - 30%, Director Levels - 20%, and Others - 50%
  • By Region: North America - 18%, Europe - 8%, Asia Pacific - 60%, the Middle East & Africa - 10%, and South America - 4%
Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), and NIDEC (Japan) are some of the key players in the AC motors market.he study includes an in-depth competitive analysis of these key players in the AC motors market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the AC motors market by Type (Induction motors and Synchronou motors), By Power Rating (500 - 900 kW; 900 - 1,200 kW; 1,200 - 5,000 kW; 5,000 - 9,000 kW; 9,000 - 12,000 kW; 12,000 - 15,000 kW; 15,000 - 25,000 kW; Above 25,000 kW), By Voltage (3 kV to 3.6 kV, 3.7 kV to 4.9 kV, 5 kV to 7.2 kV and Above 7.2 kV), By Poles (2 poles, 4 poles, 6 poles, 8 poles, 10 poles, others) By End User (Steel & metals, Mining, Oil & gas, Water & wastewater treatment, Power, Marine and shipbuilding, Petrochemicals, Automotive manufacturing, and Others) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa).

The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AC motors market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, investment, divestment, new product & service launches, and recent developments associated with the AC motors market. Competitive analysis of upcoming startups in the AC motors market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (burgeoning steel industry is propagating the induction motors growth
, global commitment to decarbonization are creating unprecedented demand for induction & synchronous motors and growing demand in manufacturing industries), restraints (increase in maintenance cost of systems after implementation of induction and synchronous motors and implementation of stringent regulatory standards), opportunities (transition of automotive industry toward electric vehicles and growth of adoption in the oil & gas industry), and challenges (thermal, insulation and mechanical issues are causing a hinderance in high voltage induction motors and shortage of components and supply chain issues) influences the growth of the ac motors market.
  • Product Development/ Innovation: GE Vernova, GE's portfolio of energy businesses, announced a significant investment of over USD 450 million in U.S. manufacturing for 2023. This investment aims to enhance capacity, upgrade facilities, and improve production processes. For motors specifically, the investment supports the development and manufacturing of advanced motor technologies, ensuring higher efficiency and reliability. These improvements are expected to boost GE Vernova's competitive edge in the energy sector, particularly in renewable energy and power generation applications.
  • Market Development: The development of AC motors are moving towards greater efficiency and power generation. Favorable government policies in carbon emission reduction, increasing demand for AC motors in industrial sectors, create AC motors market growth.
  • Market Diversification: The deal indicates that GE Vernova's Power Conversion business is advancing its role in the naval sector by supplying integrated full-electric propulsion systems for the Republic of Singapore Navy's Multi-Role Combat Vessel program. This collaboration highlights GE Vernova's capabilities in providing cutting-edge energy conversion technologies, reinforcing its commitment to innovative solutions in maritime applications, and enhancing energy efficiency and operational performance for naval fleets.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), NIDEC (Japan) among others in the AC motors market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Limitations
1.5 Unit Considered
1.6 Currency Considered
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
2.2 Market Breakdown and Data Triangulation
2.2.1 Secondary and Primary Research
2.2.2 Secondary Data
2.2.2.1 Key Data Derived from Secondary Sources
2.2.2.2 List of Major Secondary Sources
2.2.3 Primary Data
2.2.3.1 Key Data Derived from Primary Sources
2.2.3.2 Key Industry Insights
2.2.3.3 Major Participants in Primary Interviews
2.2.3.4 Breakdown of Primaries
2.3 Market Size Estimation Methodology
2.3.1 Bottom-Up Approach
2.3.1.1 Demand-Side Analysis
2.3.1.2 Regional Analysis
2.3.1.3 Country-Level Analysis
2.3.1.4 Demand-Side Assumptions
2.3.1.5 Demand-Side Calculations
2.3.2 Top-Down Approach
2.3.3 Supply-Side Analysis
2.3.3.1 Supply-Side Assumptions
2.3.3.2 Supply-Side Calculations
2.3.4 Forecast Assumptions
2.4 Risk Analysis
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in AC Motor Market
4.2 AC Motor Market in Asia-Pacific, by Type and Country
4.3 AC Motor Market, by Type
4.4 AC Motor Market, by Voltage
4.5 AC Motor Market, by Power Rating
4.6 AC Motor Market, by Pole
4.7 AC Motor Market, by End-user
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 International Initiatives Focused on Decarbonizing Steel Industry
5.2.1.2 Global Transition Toward Clean Energy to Reduce Carbon Emissions
5.2.1.3 Rapid Industrialization and Increasing Adoption of Smart Technology
5.2.2 Restraints
5.2.2.1 Need for Regular Maintenance Despite High Cost
5.2.2.2 Requirement to Comply with Stringent Regulatory Standards
5.2.3 Opportunities
5.2.3.1 Rising Demand for Electric Vehicles
5.2.3.2 Growing Adoption of AC Motors in Oil & Gas Sector
5.2.4 Challenges
5.2.4.1 Thermal, Insulation, and Mechanical Issues in High-Voltage Induction Motors
5.2.4.2 Supply Chain Issues
5.3 Trends/Disruptions Impacting Customer Business
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend of AC Motors, by Power Rating, 2021-2023
5.4.2 Average Selling Price Trend of AC Motors, by Region, 2021-2023
5.5 Value Chain Analysis
5.6 Ecosystem Analysis
5.7 Investment and Funding Scenario
5.8 Technology Analysis
5.8.1 Key Technologies
5.8.1.1 Permanent Magnet Motors
5.8.2 Adjacent Technologies
5.8.2.1 Switched Reluctance Motors
5.9 Patent Analysis
5.10 Trade Analysis
5.10.1 Export Data (HS Code 8501)
5.10.2 Import Data (HS Code 8501)
5.11 Key Conferences and Events, 2025
5.12 Case Study Analysis
5.12.1 Menzel Motors Delivers Induction Motor to Cement Plant to Minimize Downtime
5.12.2 Weg Powers Central Asia's Largest Gas Plant with High-Voltage Motors for Energy Production
5.13 Tariff and Regulatory Landscape
5.13.1 Tariff Analysis
5.13.2 Regulatory Bodies, Government Agencies, and Other Organizations
5.13.3 Region-Wise and Global Codes and Regulations Related to AC Motors
5.14 Porter's Five Forces Analysis
5.14.1 Bargaining Power of Suppliers
5.14.2 Bargaining Power of Buyers
5.14.3 Threat of New Entrants
5.14.4 Threat of Substitutes
5.14.5 Intensity of Competitive Rivalry
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
5.15.2 Buying Criteria
5.16 Impact of AI/Generative AI on AC Motor Market
5.16.1 AI/Generative AI Applications of AC Motors
5.16.2 Impact of AI/Generative AI on AC Motor Market, by Type and Region
5.16.3 Impact of AI/Generative AI on AC Motor Market, by Region
5.17 Global Macroeconomic Outlook
5.17.1 Introduction
5.17.2 GDP Trends and Forecast
5.17.3 Inflation
5.17.4 Aspects of Manufacturing Value Added in AC Motor Market
6 AC Motor Market, by Pole
6.1 Introduction
6.2 2-Pole
6.2.1 Ability to Operate at High-Speeds to Boost Demand
6.3 4-Pole
6.3.1 Suitability for Industrial and Commercial Applications Requiring Moderate Speed and High Torque to Fuel Segmental Growth
6.4 6-Pole
6.4.1 Increasing Deployment in Applications Requiring High Torque, Low Speed, and Heavy Loads to Support Segmental Growth
6.5 8-Pole
6.5.1 Rising Use in Heavy-Duty and Low-Speed Industrial Applications to Foster Market Growth
6.6 10-Pole
6.6.1 Ability to Handle Demanding Tasks with High Precision and Efficiency to Drive Market
6.7 Others
7 AC Motor Market, by Power Rating
7.1 Introduction
7.2 500-900 kW
7.2.1 Increasing Use in Industrial and Commercial Applications Requiring Reliable and Efficient Power Delivery to Drive Market
7.3 >900-1,200 kW
7.3.1 Ability to Handle Heavy Mechanical Loads with Consistent Efficiency to Spike Demand
7.4 >1,200-5,000 kW
7.4.1 Rugged Design and Extreme Power Capacity to Increase Adoption in Heavy-Duty Industrial Applications
7.5 >5,000-9,000 kW
7.5.1 Large-Scale Projects in Emerging Markets to Create Growth Opportunities
7.6 >9,000-12,000 kW
7.6.1 Advancements in Renewable Energy, Industrial Automation, and Infrastructure Development to Elevate Demand
7.7 >12,000-15,000 kW
7.7.1 Excellence in Delivering Substantial Power Output to Drive Critical Industrial Processes to Boost Demand
7.8 >15,000-25,000 kW
7.8.1 Capability to Maintain Efficiency Under Continuous Heavy-Duty Conditions to Drive Market
7.9 Above 25,000 kW
7.9.1 Unmatched Efficiency, Reliability, and Superior Performance in Heavy-Duty Operations to Fuel Demand
8 AC Motor Market, by Type
8.1 Introduction
8.2 Induction Motors
8.2.1 Simplicity, Scalability, and Cost-Effectiveness Features to Spur Demand
8.3 Synchronous Motors
8.3.1 Ability to Perform at Constant Speed Even Under Extreme Conditions to Boost Adoption
9 AC Motor Market, by Voltage
9.1 Introduction
9.2 3 to 3.6 Kv
9.2.1 Rising Use in Medium-Voltage Applications to Drive Market
9.3 3.7 to 4.9 Kv
9.3.1 Increasing Adoption to Power Heavy-Duty Processing Equipment to Fuel Segmental Growth
9.4 5 to 7.2 Kv
9.4.1 High Efficiency, Low Maintenance, and Compatibility Features to Drive Adoption
9.5 Above 7.2 Kv
9.5.1 Need for High-Voltage Precision Drivers in Mega-Scale Applications to Foster Segmental Growth
10 AC Motor Market, by End-user
10.1 Introduction
10.2 Water & Wastewater Treatment
10.2.1 Significant Focus on Energy Savings and Reliable Operations to Spike Demand
10.3 Power
10.3.1 Rising Need for Stable Power Supply in Industrial Operations to Contribute to Market Growth
10.4 Steel & Metals
10.4.1 Increasing Focus on Achieving Sustainability Goals and Reducing Operational Costs to Propel Market
10.5 Petrochemicals
10.5.1 Pressing Need to Reduce Carbon Emissions to Fuel Adoption
10.6 Mining
10.6.1 Requirement to Improve Operational Efficiency Through Sustainable Mining Practices to Boost Demand
10.7 Marine & Shipbuilding
10.7.1 Stricter Environmental Regulations to Fuel Demand
10.8 Automotive Manufacturing
10.8.1 Urgent Need to Reduce Carbon Emissions and Escalating Demand for Electric Vehicles to Drive Market
10.9 Oil & Gas
10.9.1 Rising Emphasis on Reducing Emissions and Improving Operational Excellence to Elevate Demand
10.10 Other End-users
11 AC Motor Market, by Region
11.1 Introduction
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Significant Focus on Achieving Renewable Energy Goals Through Hydropower and Solar Projects to Drive Market
11.2.2 India
11.2.2.1 Government Policies Encouraging Use of Energy-Efficient Equipment to Support Market Growth
11.2.3 Japan
11.2.3.1 Transformation Toward Automated Industrial Economy to Fuel Market Growth
11.2.4 South Korea
11.2.4.1 Rising Adoption of Digital Technologies and Green Initiatives to Foster Market Growth
11.2.5 Australia
11.2.5.1 Investments in Renewable Energy Projects to Contribute to Market Growth
11.2.6 Rest of Asia-Pacific
11.3 Europe
11.3.1 Germany
11.3.1.1 Significant Investments in Offshore Wind and Solar Photovoltaic Projects to Augment Market Growth
11.3.2 UK
11.3.2.1 Commitment to Achieve Net-Zero Emissions to Fuel Demand
11.3.3 Italy
11.3.3.1 Surging Adoption of Sustainable Energy Solutions to Drive Market
11.3.4 France
11.3.4.1 Strong Industrial Foundation to Support Market Growth
11.3.5 Rest of Europe
11.4 North America
11.4.1 US
11.4.1.1 Growing Focus on Reducing Carbon Emissions to Spike Demand
11.4.2 Canada
11.4.2.1 Commitment to Sustainable Energy Practices to Elevate Demand
11.4.3 Mexico
11.4.3.1 Growing Push Toward Integrating Renewable Energy into Grids to Support Market Growth
11.5 South America
11.5.1 Brazil
11.5.1.1 Increasing Investments in Green Economy to Propel Market
11.5.2 Argentina
11.5.2.1 Government Initiatives Promoting Industrial Growth to Drive Market
11.5.3 Rest of South America
11.6 Middle East & Africa
11.6.1 GCC
11.6.1.1 Saudi Arabia
11.6.1.1.1 Large-Scale Renewable Energy Projects to Fuel Demand
11.6.1.2 UAE
11.6.1.2.1 Smart City and Energy Generation Projects to Boost Demand
11.6.1.3 Rest of GCC
11.6.2 South Africa
11.6.2.1 Government Investment in Power Projects to Drive Demand
11.6.3 Iraq
11.6.3.1 Growing Gas Sector and Significant Investments in Infrastructure Projects to Create Opportunities
11.6.4 Rest of Middle East & Africa
12 Competitive Landscape
12.1 Introduction
12.2 Key Player Strategies/Right to Win, 2021-2024
12.3 Revenue Analysis, 2019-2023
12.4 Market Share Analysis, 2023
12.5 Company Valuation and Financial Metrics, 2024
12.6 Brand/Product Comparison
12.7 Company Evaluation Matrix: Key Players, 2023
12.7.1 Stars
12.7.2 Emerging Leaders
12.7.3 Pervasive Players
12.7.4 Participants
12.7.5 Company Footprint: Key Players, 2023
12.7.5.1 Company Footprint
12.7.5.2 Region Footprint
12.7.5.3 Type Footprint
12.7.5.4 Power Rating Footprint
12.7.5.5 End-user Footprint
12.8 Company Evaluation Matrix: Startups/SMEs, 2023
12.8.1 Progressive Companies
12.8.2 Responsive Companies
12.8.3 Dynamic Companies
12.8.4 Starting Blocks
12.8.5 Competitive Benchmarking: Startups/SMEs, 2023
12.8.5.1 List of Key Startups/SMEs
12.8.5.2 Competitive Benchmarking of Key Startups/SMEs
12.9 Competitive Scenario
12.9.1 Product Launches
12.9.2 Deals
12.9.3 Expansions
12.9.4 Other Developments
13 Company Profiles
13.1 Key Players
13.1.1 ABB
13.1.1.1 Business Overview
13.1.1.2 Products/Solutions/Services Offered
13.1.1.3 Recent Developments
13.1.1.3.1 Deals
13.1.1.4 Analyst's View
13.1.1.4.1 Key Strengths/Right to Win
13.1.1.4.2 Strategic Choices
13.1.1.4.3 Weaknesses/Competitive Threats
13.1.2 GE Electric Company (GE Vernova)
13.1.2.1 Business Overview
13.1.2.2 Products/Solutions/Services Offered
13.1.2.3 Recent Developments
13.1.2.3.1 Deals
13.1.2.3.2 Other Developments
13.1.2.4 Analyst's View
13.1.2.4.1 Key Strengths/Right to Win
13.1.2.4.2 Strategic Choices
13.1.2.4.3 Weaknesses/Competitive Threats
13.1.3 Siemens
13.1.3.1 Business Overview
13.1.3.2 Products/Solutions/Services Offered
13.1.3.3 Recent Developments
13.1.3.3.1 Product Launches
13.1.3.3.2 Other Developments
13.1.3.4 Analyst's View
13.1.3.4.1 Key Strengths/Right to Win
13.1.3.4.2 Strategic Choices
13.1.3.4.3 Weaknesses/Competitive Threats
13.1.4 Weg
13.1.4.1 Business Overview
13.1.4.2 Products/Solutions/Services Offered
13.1.4.3 Recent Developments
13.1.4.3.1 Deals
13.1.4.3.2 Expansions
13.1.4.4 Analyst's View
13.1.4.4.1 Key Strengths/Right to Win
13.1.4.4.2 Strategic Choices
13.1.4.4.3 Weaknesses/Competitive Threats
13.1.5 Nidec Corporation
13.1.5.1 Business Overview
13.1.5.2 Products/Solutions/Services Offered
13.1.5.3 Recent Developments
13.1.5.3.1 Product Launches
13.1.5.4 Analyst's View
13.1.5.4.1 Key Strengths/Right to Win
13.1.5.4.2 Strategic Choices
13.1.5.4.3 Weaknesses/Competitive Threats
13.1.6 Shanghai Electric
13.1.6.1 Business Overview
13.1.6.2 Products/Solutions/Services Offered
13.1.6.3 Analyst's View
13.1.6.3.1 Key Strengths/Right to Win
13.1.6.3.2 Strategic Choices
13.1.6.3.3 Weaknesses/Competitive Threats
13.1.7 Tmeic
13.1.7.1 Business Overview
13.1.7.2 Products/Solutions/Services Offered
13.1.7.3 Analyst's View
13.1.7.3.1 Key Strengths/Right to Win
13.1.7.3.2 Strategic Choices
13.1.7.3.3 Weaknesses/Competitive Threats
13.1.8 Hd Hyundai Electric Co. Ltd.
13.1.8.1 Business Overview
13.1.8.2 Products/Solutions/Services Offered
13.1.8.3 Analyst's View
13.1.8.3.1 Key Strengths/Right to Win
13.1.8.3.2 Strategic Choices
13.1.8.3.3 Weaknesses/Competitive Threats
13.1.9 Hitachi Industrial Products, Ltd.
13.1.9.1 Business Overview
13.1.9.2 Products/Solutions/Services Offered
13.1.9.3 Analyst's View
13.1.9.3.1 Key Strengths/Right to Win
13.1.9.3.2 Strategic Choices
13.1.9.3.3 Weaknesses/Competitive Threats
13.1.10 Regal Rexnord Corporation
13.1.10.1 Business Overview
13.1.10.2 Products/Solutions/Services Offered
13.1.10.3 Recent Developments
13.1.10.3.1 Deals
13.1.10.4 Analyst's View
13.1.10.4.1 Key Strengths/Right to Win
13.1.10.4.2 Strategic Choices
13.1.10.4.3 Weaknesses/Competitive Threats
13.1.11 Wolong Electric
13.1.11.1 Business Overview
13.1.11.2 Products/Solutions/Services Offered
13.1.11.3 Analyst's View
13.1.11.3.1 Key Strengths/Right to Win
13.1.11.3.2 Strategic Choices
13.1.11.3.3 Weaknesses/Competitive Threats
13.1.12 Zcl Electric Motor Technology Co. Ltd.
13.1.12.1 Business Overview
13.1.12.2 Products/Solutions/Services Offered
13.1.13 Cg Power & Industrial Solutions Ltd.
13.1.13.1 Business Overview
13.1.13.2 Products/Solutions/Services Offered
13.1.14 Laxmi Hydraulics Pvt. Ltd.
13.1.14.1 Business Overview
13.1.14.2 Products/Solutions/Services Offered
13.1.15 Kirloskar Electric Company
13.1.15.1 Business Overview
13.1.15.2 Products/Solutions/Services Offered
13.2 Other Players
13.2.1 Jeumont Electric
13.2.2 Menzel Elektromotoren GmbH
13.2.3 Xi’An Simo Motor Co. Ltd.
13.2.4 Teco-Westinghouse
13.2.5 Vem GmbH
13.2.6 Hyosung Heavy Industries
13.2.7 AC-Motoren GmbH
13.2.8 Brook Crompton
13.2.9 Vybo Electric
13.2.10 O.M.E. Motori Elettrici S.R.L.
14 Appendix
14.1 Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledgestore: The Subscription Portal
14.4 Customization Options
List of Tables
Table 1 Inclusions and Exclusions
Table 2 AC Motor Market Snapshot, 2024 vs. 2029
Table 3 Average Selling Price Trend of AC Motors, by Power Rating, 2021-2023 (USD/Unit)
Table 4 Average Selling Price Trend of AC Motors, by Region, 2021-2023 (USD/Unit)
Table 5 Role of Companies in Ecosystem
Table 6 Major Patents in AC Motor Market, 2022-2023
Table 7 Export Data for HS Code 8501-Compliant Products, by Country, 2019-2023 (USD Thousand)
Table 8 Import Data for HS Code 8501-Compliant Products, by Country, 2019-2023 (USD Thousand)
Table 9 Key Conferences and Events, 2025
Table 10 Import Tariffs for HS 8501-Compliant Products, by Country, 2023
Table 11 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 South America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Middle East & Africa: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Global: Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 North America: Codes and Regulations
Table 18 Asia-Pacific: Codes and Regulations
Table 19 Europe: Codes and Regulations
Table 20 Global: Codes and Regulations
Table 21 AC Motor Market: Porter's Five Forces Analysis
Table 22 Influence of Stakeholders on Buying Process for AC Motor Types
Table 23 Key Buying Criteria for AC Motor Types
Table 24 Global GDP Growth, 2021-2028 (USD Trillion)
Table 25 Average Inflation Rates in Different Geographies, 2024
Table 26 Manufacturing Value Added as Percentage of GDP, 2023
Table 27 AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 28 AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 29 2-Pole: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 30 2-Pole: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 31 4-Pole: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 32 4-Pole: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 33 6-Pole: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 34 6-Pole: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 35 8-Pole: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 36 8-Pole: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 37 10-Pole: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 38 10-Pole: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 39 Others: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 40 Others: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 41 AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 42 AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 43 500-900 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 44 500-900 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 45 >900-1,200 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 46 >900-1,200 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 47 >1,200-5,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 48 >1,200-5,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 49 >5,000-9,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 50 >5,000-9,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 51 >9,000-12,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 52 >9,000-12,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 53 >12,000-15,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 54 >12,000-15,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 55 >15,000-25,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 56 >15,000-25,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 57 Above 25,000 kW: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 58 Above 25,000 kW: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 59 AC Motor Market, by Type, 2021-2023 (USD Million)
Table 60 AC Motor Market, by Type, 2024-2029 (USD Million)
Table 61 Induction Motors: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 62 Induction Motors: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 63 Synchronous Motors: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 64 Synchronous Motors: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 65 AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 66 AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 67 3 to 3.6 Kv: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 68 3 to 3.6 Kv: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 69 3.7 to 4.9 Kv: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 70 3.7 to 4.9 Kv: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 71 5 to 7.2 Kv: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 72 5 to 7.2 Kv: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 73 Above 7.2 Kv: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 74 Above 7.2 Kv: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 75 AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 76 AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 77 Water & Wastewater Treatment: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 78 Water & Wastewater Treatment: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 79 Power: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 80 Power: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 81 Steel & Metals: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 82 Steel & Metals: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 83 Petrochemicals: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 84 Petrochemicals: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 85 Mining: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 86 Mining: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 87 Marine & Shipbuilding: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 88 Marine & Shipbuilding: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 89 Automotive Manufacturing: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 90 Automotive Manufacturing: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 91 Oil & Gas: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 92 Oil & Gas: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 93 Other End-users: AC Motor Market, by Region, 2021-2023 (USD Million)
Table 94 Other End-users: AC Motor Market, by Region, 2024-2029 (USD Million)
Table 95 AC Motor Market, by Region, 2021-2023 (USD Million)
Table 96 AC Motor Market, by Region, 2024-2029 (USD Million)
Table 97 AC Motor Market, by Region, 2021-2023 (Units)
Table 98 AC Motor Market, by Region, 2024-2029 (Units)
Table 99 Asia-Pacific: AC Motor Market, by Type, 2021-2023 (USD Million)
Table 100 Asia-Pacific: AC Motor Market, by Type, 2024-2029 (USD Million)
Table 101 Asia-Pacific: AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 102 Asia-Pacific: AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 103 Asia-Pacific: AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 104 Asia-Pacific: AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 105 Asia-Pacific: AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 106 Asia-Pacific: AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 107 Asia-Pacific: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 108 Asia-Pacific: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 109 Asia-Pacific: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 110 Asia-Pacific: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 111 China: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 112 China: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 113 India: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 114 India: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 115 Japan: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 116 Japan: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 117 South Korea: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 118 South Korea: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 119 Australia: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 120 Australia: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 121 Rest of Asia-Pacific: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 122 Rest of Asia-Pacific: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 123 Europe: AC Motor Market, by Type, 2021-2023 (USD Million)
Table 124 Europe: AC Motor Market, by Type, 2024-2029 (USD Million)
Table 125 Europe: AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 126 Europe: AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 127 Europe: AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 128 Europe: AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 129 Europe: AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 130 Europe: AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 131 Europe: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 132 Europe: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 133 Europe: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 134 Europe: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 135 Germany: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 136 Germany: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 137 UK: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 138 UK: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 139 Italy: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 140 Italy: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 141 France: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 142 France: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 143 Rest of Europe: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 144 Rest of Europe: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 145 North America: AC Motor Market, by Type, 2021-2023 (USD Million)
Table 146 North America: AC Motor Market, by Type, 2024-2029 (USD Million)
Table 147 North America: AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 148 North America: AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 149 North America: AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 150 North America: AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 151 North America: AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 152 North America: AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 153 North America: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 154 North America: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 155 North America: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 156 North America: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 157 US: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 158 US: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 159 Canada: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 160 Canada: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 161 Mexico: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 162 Mexico: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 163 South America: AC Motor Market, by Type, 2021-2023 (USD Million)
Table 164 South America: AC Motor Market, by Type, 2024-2029 (USD Million)
Table 165 South America: AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 166 South America: AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 167 South America: AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 168 South America: AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 169 South America: AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 170 South America: AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 171 South America: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 172 South America: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 173 South America: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 174 South America: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 175 Brazil: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 176 Brazil: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 177 Argentina: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 178 Argentina: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 179 Rest of South America: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 180 Rest of South America: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 181 Middle East & Africa: AC Motor Market, by Type, 2021-2023 (USD Million)
Table 182 Middle East & Africa: AC Motor Market, by Type, 2024-2029 (USD Million)
Table 183 Middle East & Africa: AC Motor Market, by Voltage, 2021-2023 (USD Million)
Table 184 Middle East & Africa: AC Motor Market, by Voltage, 2024-2029 (USD Million)
Table 185 Middle East & Africa: AC Motor Market, by Power Rating, 2021-2023 (USD Million)
Table 186 Middle East & Africa: AC Motor Market, by Power Rating, 2024-2029 (USD Million)
Table 187 Middle East & Africa: AC Motor Market, by Pole, 2021-2023 (USD Million)
Table 188 Middle East & Africa: AC Motor Market, by Pole, 2024-2029 (USD Million)
Table 189 Middle East & Africa: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 190 Middle East & Africa: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 191 Middle East & Africa: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 192 Middle East & Africa: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 193 GCC: AC Motor Market, by Country, 2021-2023 (USD Million)
Table 194 GCC: AC Motor Market, by Country, 2024-2029 (USD Million)
Table 195 GCC: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 196 GCC: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 197 Saudi Arabia: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 198 Saudi Arabia: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 199 UAE: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 200 UAE: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 201 Rest of GCC: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 202 Rest of GCC: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 203 South Africa: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 204 South Africa: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 205 Iraq: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 206 Iraq: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 207 Rest of Middle East & Africa: AC Motor Market, by End-user, 2021-2023 (USD Million)
Table 208 Rest of Middle East & Africa: AC Motor Market, by End-user, 2024-2029 (USD Million)
Table 209 AC Motor Market: Strategies Adopted by Key Players, 2021-2024
Table 210 AC Motor Market: Degree of Competition
Table 211 AC Motor Market: Region Footprint
Table 212 AC Motor Market: Type Footprint
Table 213 AC Motor Market: Power Rating Footprint
Table 214 AC Motor Market: End-user Footprint
Table 215 AC Motor Market: List of Key Startups/SMEs, 2023
Table 216 AC Motor Market: Competitive Benchmarking of Key Startups/SMEs, 2023
Table 217 AC Motor Market: Product Launches, January 2021-August 2024
Table 218 AC Motor Market: Deals, January 2021-August 2024
Table 219 AC Motor Market: Expansions, January 2021-August 2024
Table 220 AC Motor Market: Other Developments, January 2021-August 2024
Table 221 ABB: Company Overview
Table 222 ABB: Products/Solutions/Services Offered
Table 223 ABB: Deals
Table 224 GE Vernova: Company Overview
Table 225 Table 2 GE Vernova: Products/Solutions/Services Offered
Table 226 GE Vernova: Deals
Table 227 GE Vernova: Other Developments
Table 228 Siemens: Company Overview
Table 229 Siemens: Products/Solutions/Services Offered
Table 230 Siemens: Product Launches
Table 231 Siemens: Other Developments
Table 232 Weg: Company Overview
Table 233 Weg: Products/Solutions/Services Offered
Table 234 Weg: Deals
Table 235 Weg: Expansions
Table 236 Nidec Corporation: Company Overview
Table 237 Nidec Corporation: Products/Solutions/Services Offered
Table 238 Nidec Corporation: Product Launches
Table 239 Shanghai Electric: Company Overview
Table 240 Shanghai Electric: Products/Solutions/Services Offered
Table 241 Tmeic: Company Overview
Table 242 Tmeic: Products/Solutions/Services Offered
Table 243 Hd Hyundai Electric Co. Ltd.: Company Overview
Table 244 Hd Hyundai Electric Co. Ltd.: Products/Solutions/Services Offered
Table 245 Hitachi Industrial Products, Ltd.: Company Overview
Table 246 Hitachi Industrial Products, Ltd.: Products/Solutions/ Services Offered
Table 247 Regal Rexnord Corporation: Company Overview
Table 248 Regal Rexnord Corporation: Products/Solutions/Services Offered
Table 249 Regal Rexnord Corporation: Deals
Table 250 Wolong Electric: Company Overview
Table 251 Wolong Electric: Products/Solutions/Services Offered
Table 252 Zcl Electric Motor Technology Co. Ltd.: Company Overview
Table 253 Zcl Electric Motor Technology Co. Ltd.: Products/Solutions/ Services Offered
Table 254 Cg Power & Industrial Solutions Ltd.: Company Overview
Table 255 Cg Power & Industrial Solutions Ltd.: Products/Solutions/Services Offered
Table 256 Laxmi Hydraulics Pvt. Ltd.: Company Overview
Table 257 Laxmi Hydraulics Pvt. Ltd.: Products/Solutions/Services Offered
Table 258 Kirloskar Electric Company: Company Overview
Table 259 Kirloskar Electric Company: Products/Solutions/Services Offered
Table 260 Jeumont Electric: Company Overview
Table 261 Menzel Elektromotoren GmbH: Company Overview
Table 262 Xi’An Simo Motor Co. Ltd.: Company Overview
Table 263 Teco-Westinghouse: Company Overview
Table 264 Vem GmbH: Company Overview
Table 265 Hyosung Heavy Industries: Company Overview
Table 266 AC-Motoren GmbH: Company Overview
Table 267 Brook Crompton: Company Overview
Table 268 Vybo Electric: Company Overview
Table 269 O.M.E. Motori Elettrici S.R.L.: Company Overview
List of Figures
Figure 1 AC Motor Market: Research Design
Figure 2 Data Triangulation
Figure 3 Key Metrics Considered to Analyze Demand for AC Motors
Figure 4 AC Motor Market: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Key Steps Considered to Assess Supply of AC Motors
Figure 7 Market Size Estimation Methodology (Supply-Side Analysis): Revenue Generated by ABB Through Sales of AC Motors
Figure 8 Asia-Pacific Captured Largest Share of AC Motor Market in 2023
Figure 9 Induction Motors Segment to Hold Prominent Market Share in 2024
Figure 10 3 to 3.6 Kv Segment to Capture Majority of Market Share in 2024
Figure 11 500-900 kW Segment to Hold Largest Share of AC Motor Market in 2024
Figure 12 4-Pole Segment to Witness Highest CAGR in AC Motor Market During Forecast Period
Figure 13 Water & Wastewater Treatment Segment to Secure Largest Share of AC Motor Market in 2024
Figure 14 Rising Demand for Energy-Efficient and Low-Cost Maintenance AC Motors to Drive Market
Figure 15 Induction Motors Segment and China to Dominate AC Motor Market in Asia-Pacific in 2029
Figure 16 Induction Motors Segment to Account for Larger Market Share in 2029
Figure 17 3 to 3.6 Kv Segment to Capture Largest Market Share in 2029
Figure 18 500-900 kW Segment to Hold Largest Market Share in 2029
Figure 19 4-Pole Segment to Secure Majority of Market Share in 2029
Figure 20 Water & Wastewater Treatment Segment to be Largest End-user of AC Motors in 2029
Figure 21 AC Motor Market: Drivers, Restraints, Opportunities, and Challenges
Figure 22 Global Landscape of Steel Production and Usage, 2023
Figure 23 Clean Energy Investments in Net-Zero Pathway, 2016-2050
Figure 24 Distribution of Losses in Induction Motors
Figure 25 Electric Car Sales Growth, 2020-2024
Figure 26 Trends/Disruptions Impacting Customer Business
Figure 27 Average Selling Price Trend of AC Motors, by Power Rating, 2021-2023
Figure 28 Average Selling Price Trend of AC Motors, by Region, 2021-2023
Figure 29 Value Chain Analysis
Figure 30 AC Motor Ecosystem
Figure 31 Investment and Funding Scenario, 2018-2024
Figure 32 Patents Applied and Granted, 2014-2023
Figure 33 Export Scenario for HS Code 8501-Compliant Products for Top 5 Countries, 2019-2023
Figure 34 Import Scenario for HS Code 8501-Compliant Products for Top 5 Countries, 2019-2023
Figure 35 Porter's Five Forces Analysis
Figure 36 Influence of Stakeholders on Buying Process for AC Motor Types
Figure 37 Key Buying Criteria for AC Motor Types
Figure 38 Impact of AI/Generative AI on AC Motor Market, by Type and Region
Figure 39 AC Motor Market, by Pole, 2023
Figure 40 AC Motor Market, by Power Rating, 2023
Figure 41 AC Motor Market, by Type, 2023
Figure 42 AC Motor Market, by Voltage, 2023
Figure 43 AC Motor Market, by End-user, 2023
Figure 44 Asia-Pacific to Register Highest CAGR in AC Motor Market During Forecast Period
Figure 45 AC Motor Market Share, by Region, 2023
Figure 46 Asia-Pacific: AC Motor Market Snapshot
Figure 47 North America: AC Motor Market Snapshot
Figure 48 Revenue Analysis of Top Players in AC Motor Market, 2019-2023
Figure 49 Share Analysis of Players in AC Motor Market, 2023
Figure 50 Company Valuation, 2024
Figure 51 Financial Metrics, (EV/EBITDA), 2024
Figure 52 AC Motor Market: Brand/Product Comparison
Figure 53 AC Motor Market: Company Evaluation Matrix (Key Players), 2023
Figure 54 AC Motor Market: Company Footprint
Figure 55 AC Motor Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 56 ABB: Company Snapshot
Figure 57 GE Company: Company Snapshot
Figure 58 Siemens: Company Snapshot
Figure 59 Weg: Company Snapshot
Figure 60 Nidec Corporation: Company Snapshot
Figure 61 Shanghai Electric: Company Snapshot
Figure 62 Hd Hyundai Electric Co. Ltd.: Company Snapshot
Figure 63 Regal Rexnord Corporation: Company Snapshot
Figure 64 Cg Power & Industrial Solutions Ltd.: Company Snapshot
Figure 65 Kirloskar Electric Company: Company Snapshot

Companies Mentioned

  • ABB
  • GE Electric Company (GE Vernova)
  • Siemens
  • Weg
  • Nidec Corporation
  • Shanghai Electric
  • Tmeic
  • Hd Hyundai Electric Co. Ltd.
  • Hitachi Industrial Products, Ltd.
  • Regal Rexnord Corporation
  • Wolong Electric
  • Zcl Electric Motor Technology Co. Ltd.
  • Cg Power & Industrial Solutions Ltd.
  • Laxmi Hydraulics Pvt. Ltd.
  • Kirloskar Electric Company
  • Jeumont Electric
  • Menzel Elektromotoren GmbH
  • Xi’An Simo Motor Co. Ltd.
  • Teco-Westinghouse
  • Vem GmbH
  • Hyosung Heavy Industries
  • AC-Motoren GmbH
  • Brook Crompton
  • Vybo Electric
  • O.M.E. Motori Elettrici S.R.L.

Table Information

Report AttributeDetails
No. of Pages287
PublishedDecember 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 4.6 Billion
Forecasted Market Value ( USD ) by 2029 $ 6.6 Billion
Compound Annual Growth Rate7.5%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the AC Motor Market

The AC Motor market is a subset of the larger Motors market, which encompasses a wide range of motor types used in a variety of applications. AC Motors are electric motors that use alternating current to generate rotational motion. They are used in a variety of industries, including automotive, aerospace, and manufacturing. AC Motors are typically more efficient than other motor types, and they are often used in applications that require precise speed control. AC Motors are available in a variety of sizes and configurations, and they can be used in both single-phase and three-phase applications. They are also available in both induction and synchronous designs. AC Motors are typically more expensive than other motor types, but they are often more reliable and require less maintenance. Some of the major companies in the AC Motor market include ABB, Siemens, Rockwell Automation, Emerson Electric, and Baldor Electric. Show Less Read more

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