Electric AC motors Market has the Potential to reach USD 128.80 billion with CAGR 7.75% by 2023 | Baldor Electric Company, Siemens AG, ABB India Limited

A research study titled, “Electric AC motors Market by Type, Voltage and End User - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research, states that the electric AC motors marketis projected to be around USD 128.80 billion by 2023.

Competitive Insights:
The leading players in the market are Baldor Electric Company, Siemens AG, ABB India Limited and Toshiba. Key market players concentrate on inorganic development techniques, for example, merger & acquisition and joint venture, to manage rivalry and catch higher shares of the market.

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The Electric AC motors Market is segmented as follows-

By Type:
Induction AC Motors
Synchronous AC Motors

By Voltage:
Fractional HP Output
Integral HP Output

By End User:
Motor Vehicles
Aerospace & Transportation
Industrial Machinery
HVAC Equipment
Household Appliances

Industry Outlook and Trend Analysis:
The Electric AC motors Market was worth USD 65.79 billion in the year of 2014 and is expected to reach approximately USD 128.80 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.75% during the forecast period.

The engine that changes over the exchanging current into mechanical power by utilizing an electromagnetic enlistment wonder is termed as AC engine. This engine is driven by a substituting current. The stator and the rotor are the two most critical parts of the AC engines. The stator is the stationary piece of the engine, and the rotor is the turning some portion of the engine. The AC engine might be single stage or three stages.The three stage AC engines are generally connected in the business for mass power transformation from electrical to mechanical. For little power change, the single stage AC engines are for the most part used.The single stage AC engine is almost little in size, and it gives an assortment of administrations in the home, office, business concerns, production lines, and so forth.

The global electric AC motors market is projected to demonstrate extensive growth over the forecast period owing to the expanded modernization and mechanization of mechanical procedures. These items are financially savvy as they bring about immaterial upkeep cost because of their development. They don't contain frill, for example, slip rings, brushes, or commutators, which require support. Their outline incorporates larger than average course, cast press development, and high-respectability seals, which ensure higher unwavering quality and enhanced working life in unforgiving workplaces. The steady ascent in business development extends crosswise over created and creating nations, alongside a consistent increment in HVAC establishments which will probably going to help the market for electric AC motor.

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Electric AC Motors Market, By Type
4.1.Introduction
4.2.Electric AC Motors Market Assessment and Forecast, By Type, 2014-2023
4.3.Synchronous AC Motors
4.4.Induction AC Motors
5.Electric AC Motors Market, By Voltage
5.1.Introduction
5.2.Electric AC Motors Market Assessment and Forecast, By Voltage, 2014-2023
5.3.Integral HP Output
5.4.Fractional HP Output
To be continued...

Regional Outlook and Trend Analysis:
The Asia Pacific market is anticipated to encounter high development over the conjecture time frame. The regional market incorporates creating economies, for example, India, Japan, and China, whose rate of commercialization and also industrialization is quicker than other creating countries over the globe. This area is foreseen to develop at significantly due to the developing construction and industrial sections. North America is anticipated to develop at a substantial pace, attributable to the strict government rules for lessening the greenhouse impact. In addition, the producers in the United States started a continuous move toward using electric motors as option supply of energy, rather than gas turbines. Europe and Latin America are foreseen to witness significant development over the estimate time frame.

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Key findings of the Electric AC Motors Market:
Rising demands for electric AC motors from end user industries are the major factors boosting the growth of the market.

Induction segment is expected to account highest market share owing to the efficient operation in unfavorable environments, sturdy construction and low maintenance.

AC motors are extensively embraced in the modern hardware area, inferable from their advantages, for example, hearty working and safe operations.

North America is expected to demonstrate the highest market share of electric AC motorowing to the presence of large number of end users industries.

Asia Pacific is expected to show highest CAGR owing to the rising number of subscribers in this region and favorable government regulations related to this market are driving growth in this region.

Key market players are additionally trying endeavors for creating electric AC motors with consolidated speed controllers to proficiently serve distinctive client needs.

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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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This release was published on openPR.