Electric AC Motors Market size to grow by USD 35,850.81 million from 2022 to 2027|APAC to contribute 51% to the growth - Technavio

NEW YORK, July 28, 2023 /PRNewswire/ -- The electric AC motors market size is forecast to increase by USD 35850.81 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.48%, according to a recent market study by Technavio. The growth of the market will be driven by the rising factory automation and use of industrial robots, increasing demand for synchronous motors for energy efficiency, and increased interest in electric vehicles. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Addison Electric Inc., Allied Motion Technologies Inc., Arc Systems Inc., BDI, Emerson Electric Co., General Electric Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Kirloskar Electric Co. Ltd., Lenze SE, Lunar Motors Pvt. Ltd., Nidec Corp., Regal Rexnord Corp., Rockwell Automation Inc., SAS TT Electric, Schneider Electric SE, Siemens AG, TAMAGAWA SEIKI Co. Ltd., and Toshiba Corp. 

Get a holistic overview of the electric AC motors market from industry experts to evaluate and develop growth strategies. Download the Sample

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Electric AC Motors Market - Segmentation Assessment

The electric AC motors market report extensively covers market segmentation by type (induction and synchronous), power output (integral and fractional), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market share growth by the induction segment will be significant for the market growth during the forecast period. One of the main reasons for the rapid growth of the induction segment in the global electric AC motors market is its cost advantage over synchronous motors. As induction motors have no commutator and brushes and have lower moving parts than synchronous motors, they are less expensive when compared to synchronous motors. Several applications of induction motors are oil and gas exploration tools, in-drill logging, in-drill measurement, tractor tools, rotary steering systems, formation testing tools, actuators, completion tools, and hydraulic pumps. Hence, such factors are expected to drive market growth during the forecast period.

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Electric AC Motors Market - Market Dynamics

Key Drivers

Increasing factory automation and the use of industrial robots drive the global electric AC motors market growth during the forecast period. There is a rising need for high-precision production in a shorter time due to the growing demand for products across various industries, such as consumer electronics, healthcare, and automobiles. Some of the key automation and advancement of IoT and artificial intelligence (AI) in these industries have enabled the use of robots in manufacturing processes. Hence, such developments require the need for electric AC motors are positively impacting the market. Therefore, such factors are expected to drive the global electric AC motors market growth during the forecast period. 

Significant Trends

The rising focus on using energy-efficient motors is a key trend in the global electric AC motors market during the forecast period. Several governments across the world offer tax or financial incentives for programs that enhance energy efficiency. For instance, the US government provides several federal and state tax credits to encourage energy efficiency concepts in both businesses and homes. Thus the growing focus on energy efficiency is significantly fuelling the demand for AC electric motors in various applications. There is an increase in investments in EVs by many countries such as China, the UK, India, and Germany as conventional vehicles highly depend on fossil fuels such as gasoline and diesel which are leading to air pollution. Hence, such initiatives are positively impacting the market. Therefore, such factors are expected to drive the global electric AC motors market growth during the forecast period.

Major Challenges 

Limitations of power rating are a significant challenge hindering the growth of the global electric AC motors market during the forecast period. High-performance AC motor accessories require strong permanent magnets which are very expensive and hence add to the overall cost of manufacturing. The strong permanent magnets are manufactured from rare earth materials such as neodymium, whose prices tend to fluctuate due to their limited availability in some countries such as China and Australia. Furthermore, several incidences of trade wars in which China has limited the export of such rare metals which has significantly contributed to the huge supply and demand gap, which has influenced the neodymium prices. Hence, such factors are expected to hinder the global electric motors accessories market growth during the forecast period.

What are the key data covered in this Electric AC Motors Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric AC motors market between 2023 and 2027
• Precise estimation of the electric AC motors market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric AC motors market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric AC motors market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Power Output
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric alternating current (AC) motors market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global electric alternating current (ac) motors market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Power Output Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Power Output Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Induction - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Induction - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Induction - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Induction - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Induction - Year-over-year growth 2022-2027 (%)

• 6.4 Synchronous - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Synchronous - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Synchronous - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Synchronous - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Synchronous - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Power Output

• 7.1 Market segments
• Exhibit 44: Chart on Power Output - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Power Output - Market share 2022-2027 (%)

• 7.2 Comparison by Power Output 
• Exhibit 46: Chart on Comparison by Power Output
• Exhibit 47: Data Table on Comparison by Power Output

• 7.3 Integral - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Integral - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Integral - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Integral - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Integral - Year-over-year growth 2022-2027 (%)

• 7.4 Fractional - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Fractional - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Fractional - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Fractional - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Fractional - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Power Output 
• Exhibit 56: Market opportunity by Power Output ($ million)
• Exhibit 57: Data Table on Market opportunity by Power Output ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 111: ABB Ltd. - Overview
• Exhibit 112: ABB Ltd. - Business segments
• Exhibit 113: ABB Ltd. - Key offerings
• Exhibit 114: ABB Ltd. - Segment focus

• 12.4 Allied Motion Technologies Inc. 
• Exhibit 115: Allied Motion Technologies Inc. - Overview
• Exhibit 116: Allied Motion Technologies Inc. - Product / Service
• Exhibit 117: Allied Motion Technologies Inc. - Key offerings

• 12.5 Arc Systems Inc.
• Exhibit 118: Arc Systems Inc. - Overview
• Exhibit 119: Arc Systems Inc. - Product / Service
• Exhibit 120: Arc Systems Inc. - Key offerings

• 12.6 Emerson Electric Co.
• Exhibit 121: Emerson Electric Co. - Overview
• Exhibit 122: Emerson Electric Co. - Business segments
• Exhibit 123: Emerson Electric Co. - Key news
• Exhibit 124: Emerson Electric Co. - Key offerings
• Exhibit 125: Emerson Electric Co. - Segment focus

• 12.7 General Electric Co.
• Exhibit 126: General Electric Co. - Overview
• Exhibit 127: General Electric Co. - Business segments
• Exhibit 128: General Electric Co. - Key news
• Exhibit 129: General Electric Co. - Key offerings
• Exhibit 130: General Electric Co. - Segment focus

• 12.8 Hitachi Ltd.
• Exhibit 131: Hitachi Ltd. - Overview
• Exhibit 132: Hitachi Ltd. - Business segments
• Exhibit 133: Hitachi Ltd. - Key news
• Exhibit 134: Hitachi Ltd. - Key offerings
• Exhibit 135: Hitachi Ltd. - Segment focus

• 12.9 Johnson Electric Holdings Ltd. 
• Exhibit 136: Johnson Electric Holdings Ltd. - Overview
• Exhibit 137: Johnson Electric Holdings Ltd. - Business segments
• Exhibit 138: Johnson Electric Holdings Ltd. - Key offerings
• Exhibit 139: Johnson Electric Holdings Ltd. - Segment focus

• 12.10 Kirloskar Electric Co. Ltd. 
• Exhibit 140: Kirloskar Electric Co. Ltd. - Overview
• Exhibit 141: Kirloskar Electric Co. Ltd. - Business segments
• Exhibit 142: Kirloskar Electric Co. Ltd. - Key offerings
• Exhibit 143: Kirloskar Electric Co. Ltd. - Segment focus

• 12.11 Nidec Corp.
• Exhibit 144: Nidec Corp. - Overview
• Exhibit 145: Nidec Corp. - Business segments
• Exhibit 146: Nidec Corp. - Key news
• Exhibit 147: Nidec Corp. - Key offerings
• Exhibit 148: Nidec Corp. - Segment focus

• 12.12 Regal Rexnord Corp.
• Exhibit 149: Regal Rexnord Corp. - Overview
• Exhibit 150: Regal Rexnord Corp. - Business segments
• Exhibit 151: Regal Rexnord Corp. - Key offerings
• Exhibit 152: Regal Rexnord Corp. - Segment focus

• 12.13 Rockwell Automation Inc. 
• Exhibit 153: Rockwell Automation Inc. - Overview
• Exhibit 154: Rockwell Automation Inc. - Business segments
• Exhibit 155: Rockwell Automation Inc. - Key news
• Exhibit 156: Rockwell Automation Inc. - Key offerings
• Exhibit 157: Rockwell Automation Inc. - Segment focus

• 12.14 SAS TT Electric
• Exhibit 158: SAS TT Electric - Overview
• Exhibit 159: SAS TT Electric - Product / Service
• Exhibit 160: SAS TT Electric - Key offerings

• 12.15 Schneider Electric SE 
• Exhibit 161: Schneider Electric SE - Overview
• Exhibit 162: Schneider Electric SE - Business segments
• Exhibit 163: Schneider Electric SE - Key news
• Exhibit 164: Schneider Electric SE - Key offerings
• Exhibit 165: Schneider Electric SE - Segment focus

• 12.16 Siemens AG
• Exhibit 166: Siemens AG - Overview
• Exhibit 167: Siemens AG - Business segments
• Exhibit 168: Siemens AG - Key news
• Exhibit 169: Siemens AG - Key offerings
• Exhibit 170: Siemens AG - Segment focus

• 12.17 Toshiba Corp.
• Exhibit 171: Toshiba Corp. - Overview
• Exhibit 172: Toshiba Corp. - Business segments
• Exhibit 173: Toshiba Corp. - Key news
• Exhibit 174: Toshiba Corp. - Key offerings
• Exhibit 175: Toshiba Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations 

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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