Electric AC motors are used in various functionalities such as machine tools, household appliances, HVAC, vehicles, and industrial among others. The electric AC motors are used for industrialized applications such as conversion of power from electrical to mechanical. Single phase electric AC motors are small in size, and mostly used for minor power conversion such as fans, refrigerators, hair dryers, washing machine, and mixers among others. Growing automation in various industrial processes, increasing demand for electric AC motor operated household appliances, low manufacturing cost, durability, and growing use in HVAC applications are the factors responsible for the growth of the electric AC motors market.
MARKET DYNAMICS
The increasing awareness regarding the use of the growing adoption of electric vehicles and energy-efficient motors are some of the major factors driving the growth of the market. However, the motors with high power generate extensive vibration, strain, and heating during their functioning, which are the elements restraining the growth of the market. The Increase in HVAC installations and rise in construction activities, especially in the developing economies, further accelerates the adoption of electric AC motors.
MARKET SCOPE
The "Global Electric AC Motors Market Analysis to 2028" is a specialized and in-depth study of the Electric AC motors market with a special focus on the global market trend analysis. The report aims to provide an overview of Electric AC motors market with detailed market segmentation by type, applications. The global Electric AC motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Electric AC motors market players and offers key trends and opportunities in the Electric AC motors market.
MARKET SEGMENTATION
The global Electric AC motors market is segmented on the basis of type, applications. On the basis of type, the market is segmented as induction AC motors, synchronous AC motors. On the basis of applications, the market is segmented as automotive, agriculture, residential, commercial, industrial, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Electric AC motors market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Electric AC motors market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Electric AC motors market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electric AC motors market in these regions.
MARKET PLAYERS
The reports cover key developments in the Electric AC motors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electric AC motors market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric AC motors market. Below mentioned is the list of few companies engaged in the Electric AC motors market.
The report also includes the profiles of key Electric AC motors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Limited
- AMETEK.Inc
- ASMO CO.LTD.
- Baldor Electric Company
- Franklin Electric
- Johnson Electric
- Kirloskar Electric Company
- Mordor Intelligence
- Rockwell Automation, Inc.
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.