Electric AC Motors Market size was valued at US$ 110.59 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.5% from 2022 to 2027, reaching nearly US$ 170.67 Bn.
Market Scope:
The Electric AC Motors market is anticipated to develop at its fastest rate between 2022 and 2029. Import and export consumption are examined in the Maximize Market Research (MMR) Electric AC Motors market study together with supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits. This MMR data investigation looks at each company’s manufacturing facility, production capacity, factory price, market price, and market share.
Electric AC Motors Market Overview:
This MMR report’s main goal is to categorise, describe, and forecast the market for Electric AC Motors items based on the product type, application, end user, and geography. The MMR study carefully examines a number of important factors, including those that significantly affect market growth, such as drivers, limitations, opportunities, and difficulties unique to the industry. This study will examine the relative sizes of the micro markets in order to provide a strategic analysis of their contributions to the overall market as well as specific growth trends and outlooks.
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Electric AC Motors Market Segmentation :
Based on the Type, Synchronous AC Motors and Induction AC Motors are the two market segments. By 2027, the Synchronous AC Motors category is anticipated to have a market share of%. Synchronous motors are typically more energy-efficient than induction motors, while they can occasionally achieve efficiencies of more than 90%. A synchronous motor without a load attached to its shaft is used to improve power factor. Because of its capacity to function at any electrical power factor and the cost of static capacitors, it is used in power systems. Applications where the operating speed is modest (about 500 rpm) but the power output is high use synchronous motors.
Based on the End-Use, Industrial Machinery, Motor Vehicles, HVAC Equipment, Aerospace & Transportation, Household Appliances, and Others are the market’s subsectors. During the projected period of 2022–2027, the Industrial Machinery segment is anticipated to expand quickly at a CAGR of%. Motor manufacturers have several prospects in this market because most businesses rely on motorised automation. A wide range of sectors, including utilities, oil & gas, cement, mining, renewables, petrochemicals, chemicals, and water & wastewater treatment, use electric AC motors for pumps, boilers, compressors, and other applications. Presses and rollers, as well as auxiliary systems like compressed air generation, ventilation, water pumping, and other mechanical handling and processing, are powered by electric AC motors.
Electric AC Motors Market Key Players:
• Johnson Electric
• Rockwell Automation, Inc.
• Baldor Electric Company
• Allied Motion Technologies Inc.
• Ametek Inc.
• Asmo Co. Ltd.
• Franklin Electric Co. Inc.
Regional Analysis:
Every nation in North America, the Asia-Pacific region, Europe, Latin America, the Middle East, and Africa is represented in the MMR study. Significant market divisions and sub-segments as well as noteworthy market sectors are given particular attention in this study by MMR. The MMR research uses market size, share, and quantity to analyse how neighbourhoods are developing in creative countries. Numerous subjects are covered by statistics, including quantity, area, revenue, market chain structure, and trends.
COVID-19 Impact Analysis on Electric AC Motors Market:
Between 2020 and 2021, the COVID-19 rule had a considerable impact on societal, commercial, and employee expectations. COVID-19 has the potential to change our culture and way of life, hence swift industry support and innovation are required. The COVID-19 has caused a lot of trouble for foreigners living in India. Millions of migrant workers have suffered negative effects from the embargo, including job losses, food shortages, and fear about the future.
The major goal of this MMR study is to comprehend COVID-19, the current economic climate, and how it influences business. Except for COVID-19, MMR is applied across all disciplines, markets, and sectors. Assessing how COVID-19 impacts industry growth can be done using data from the Maximize Market Research Report.
Key Questions answered in the Electric AC Motors Market Report are:
- Which product segment grabbed the largest share in the Electric AC Motors market?
- What is the competitive scenario of the Electric AC Motors market?
- Which are the key factors aiding the Electric AC Motors market growth?
- Which region holds the maximum share in the Electric AC Motors market?
- What will be the CAGR of the Electric AC Motors market during the forecast period?
- Which application segment emerged as the leading segment in the Electric AC Motors market?
- Which are the prominent players in the Electric AC Motors market?
- What key trends are likely to emerge in the Electric AC Motors market in the forecast period?
- What is the expected Electric AC Motors market size by 2029?
- Which company held the largest share in the Electric AC Motors market?
Reasons to Purchase the Electric AC Motors Market Report:
- The Maximize Market Research (MMR) report contains a wealth of information about market dynamics and prospects for the anticipated time frame.
- Segments and sub-segments exist for quantitative, qualitative, and value (USD Million) data.
- Data on supply and demand trends at the national, regional, and sub-regional levels are provided.
- The competitive landscape presents current innovations and strategies as well as the market shares of the leading rivals.
- Companies that offer a variety of goods, financial information, cutting-edge technology, SWOT analyses, and business ideas.
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