New Analysis from Global Industry Analysts Reveals Steady Growth for Energy Efficient Low Horsepower AC Motors, with the Market to Reach $90 Billion Worldwide by 2026

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Aug 25, 2021, 11:35 ET

SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Energy Efficient Low Horsepower AC Motors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Energy Efficient Low Horsepower AC Motors

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 21309
Companies: 15 - Players covered include ABB Ltd.; Bosch Rexroth AG; Crompton Greaves Ltd.; Emerson Electric Company; General Electric Company; Honeywell International, Inc.; Johnson Electric Group; Kirloskar Electric Co., Ltd.; Leeson Electric Corporation; Magnetek, Inc.; Marathon Electric India Pvt.Ltd; Mitsubishi Electric Corporation; Nidec Motor Corporation; Power Efficiency Corporation; Regal Beloit Corporation; Schneider Electric SA; Siemens AG; Toshiba Corporation; UQM Technologies, Inc.; WEG SA; Wellington Drive Technologies Limited and Others.
Coverage: All major geographies and key segments
Segments: Application (Consumer, Industrial, Refrigeration, Medical); Current (Single phase, Three-phase); Product (Synchronous, Asynchronous)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Energy Efficient Low Horsepower AC Motors Market to Reach $90 Billion by 2026
Amid the COVID-19 crisis, the global market for Energy Efficient Low Horsepower AC Motors estimated at US$48.3 Billion in the year 2020, is projected to reach a revised size of US$90 Billion by 2026, growing at a CAGR of 10.7% over the analysis period. Synchronous, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$40.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Asynchronous segment is readjusted to a revised 10.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.5 Billion in 2021, While China is Forecast to Reach $18.6 Billion by 2026
The Energy Efficient Low Horsepower AC Motors market in the U.S. is estimated at US$14.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.6 Billion by the year 2026 trailing a CAGR of 14.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 9.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.