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 covers the Electric AC Motors Market most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Electric AC Motors Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the Electric AC Motors Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry's backdrop.
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Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Electric AC Motors market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin Sales by Product are all included in this Electric AC Motors market research report. For the competitive analysis, the report includes the profile of the key market players in the Electric AC Motors market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
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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.
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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
Regional Analysis
Electric AC Motors Region dominated the Electric AC Motors Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Electric AC Motors Market growth in the region. The Electric AC Motors market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
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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