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 2029, reaching nearly US$ 197.23 Bn.
Electric AC Motors Market Overview:
The report provides the most recent revenue and market trends of the Electric AC Motors Market It emphasizes an overview of the Electric AC Motors Market, as well as, its definition, and market structure, and provides preventative and pre-planned management. The report focuses on aspects such as gross margin, cost, market share, capacity utilization, and supply that affect the Electric AC Motors Market. It also helps in understanding Electric AC Motors Market’s future potential in the succeeding years. The report provides a market overview by standard topics which are highlighted with customized data according to the necessity. The Electric AC Motors market overview helps in decisions on how to approach the market and understand the context of the industry.
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Electric AC Motors Market Scope
The Electric AC Motors market is divided in based on different segments including Electric AC Motors. The growth of the various segments helps clients in acquiring knowledge of many growth factors expected to be prevalent throughout the market and develop different strategies to identify core application areas. The report provides an in-depth analysis of the Electric AC Motors market and contains meaningful insights, facts, and industry-validated market statistics. The bottom-up approach was used to estimate the overall Electric AC Motors Market size using key companies’ revenue and their offering in the market.
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Segmentation
Based on the Type, the market is segmented into Synchronous AC Motors and Induction AC Motors. Synchronous AC Motors segment is expected to hold the largest market share of % by 2029. In rare circumstances, synchronous motors can attain efficiencies of more than 90%, and they are generally more energy-efficient than induction motors. For power factor enhancement, a synchronous motor with no load connected to its shaft is employed. It is employed in power systems in cases where static capacitors are expensive due to their ability to behave at any electrical power factor. Synchronous motors are used in applications where the operating speed is low (about 500 rpm) but the power output is large. The size, weight, and cost of the equivalent three-phase induction motor are quite high for power requirements ranging from 35 kW to 2500 KW. As a result, these motors are preferred.
Key Players
• Siemens AG
• Kirloskar Electric Company
• Johnson Electric
• Rockwell Automation, Inc.
• Baldor Electric Company
• Allied Motion Technologies Inc.
• Ametek Inc.
• Asmo Co. Ltd.
• Franklin Electric Co. Inc.
• ABB
• Chinabase Machinery
• CRRC Zhuzhou Electric Co., Ltd.
• Elprom Harmanli
• Toshiba Corporation
• Nidec Corporation
• Wolong
• WEG
• TECO Electric & Machinery
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Regional Analysis
Regional Insights in the report guarantee the Electric AC Motors industry on a regional level. The region-wise survey is done in a wide range of high-resolution regional investigations. Global Electric AC Motors Market research provides exact knowledge that enables market participants to compete successfully with their greatest competitors based on growth, sales, and other crucial aspects. The region portion of the research also provides key market influencing aspects and changes in market regulation that impact the market’s current and future trends.
Key Questions answered in the Electric AC Motors Market Report are:
- What is Electric AC Motors Market?
- What is the forecast period of the Electric AC Motors Market?
- What is the competitive scenario of the Electric AC Motors market?
- Which region held the largest market share in the Electric AC Motors Market?
- What are the opportunities for the Electric AC Motors Market?
- What factors are affecting the Electric AC Motors market growth?
- Who are the key players of the Electric AC Motors market?
- Which company held the largest share in the Electric AC Motors market?
- What will be the CAGR of the Electric AC Motors market during the forecast period?
- What key trends are likely to emerge in the Electric AC Motors market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Electric AC Motors#
- Landscape- Leading key players and other prominent key players.
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