Electric AC Motors Market Development Strategy -to reach USD 128.80 billion by the end of the 2023 with a CAGR of 7.75 % | Baldor Electric Company, Siemens AG, ABB India Limited and Toshiba

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 $128.80 billion by 2023.

Electric AC Motors - 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. Furthermore, they are additionally trying endeavors for creating electric AC motors with consolidated speed controllers to proficiently serve distinctive client needs.

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Electric AC Motors - 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. Electric AC motors are utilized as a part of HVAC equipment that is commercial and residential structures. The increasing requirement for HVAC systems is anticipated to build the interest for AC engines over the figure period. Furthermore, AC motors are used in a wide range of equipment, for example, home appliances, and industrial equipment, for example, conveyor belts and fixed cranes. The market is anticipated to encounter huge development, which is ascribed to the enlarged automation and modernization of industrial procedures. Entrenched power generation sector and oil & gas industry drive the expanded interest for industrial automation, for which these items go about as key segments in cost-saving. These products are practical as they bring about irrelevant support cost because of their development. They don't include accessories, for example, commutators, slip rings, or brushes, which require support. Their design incorporates oversized bearings, high-integrity seals, and cast iron construction, which ensure higher dependability and enhanced working life in harsh workplaces. The consistent ascent in commercial construction projects over developing and developed nations, alongside a steady increment in HVAC establishments, is probably going to help the market for electric AC motors.

Electric AC Motors - Type Outlook and Trend Analysis:

Electric AC engines can be sectioned into two types in particular induction and synchronous. The induction fragment represented a noteworthy share of the overall industry in 2016 and is anticipated to develop at a significant pace over the estimate years since they have a simple design, are able to operate efficiently in harsh environments, and have a simple design. However, the synchronous fragment is anticipated to encounter a quick development over a few areas, attributable to advantages such as precise control of position and speed, efficient torque, and sturdy construction. These products are phenomenal for low-speed drives as their energy factor can be changed in accordance with 1.0. They can be worked at ultra-low speeds by fusing high-control electronic converters that create to great degree low frequencies. Synchronous engines are broadly used for different applications as they are equipped for achieving distinctive speeds through a variable recurrence drive framework. Moreover, they are used to control equipment that are uninterruptedly working, for example, blowers, centrifugal pumps, fans, air compressors.

Electric AC Motors - Voltage Outlook and Trend Analysis:

Electric AC motors voltage type can be segmented into fractional HP output and integral HP output. In 2016, the fractional HP output portion held the biggest share of the market, on account of the support of higher power when usage as a part of single phase AC motors, crosswise over automobile and residential areas. These AC motors are compact and financially savvy. However, the integral HP output motors are foreseen to develop at a higher rate because of their usage in three stage engines, which help in saving power. An integral horsepower motor incorporates different types of controls that manage speed. This is further driving the section development.

The Electric AC motors Market is segmented as follows-

Electric AC Motors - By Type:

Induction AC Motors
Synchronous AC Motors

Electric AC Motors - By Voltage:

Fractional HP Output
Integral HP Output

Electric AC Motors - By End User:

Motor Vehicles
Aerospace & Transportation
Industrial Machinery
HVAC Equipment
Household Appliances

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Electric AC Motors - End User Outlook and Trend Analysis:

The motor vehicle segment held the major market with an estimation of over USD 30.0 billion in 2016 and is anticipated to develop at a substantial pace in the upcoming years. The developing automotive industry and expanding inclination for electric vehicles have supported the selection of AC motors in the motor vehicle segment, attributable to their improved safety, efficient torque, and easy installation. However, the HVAC equipment section is anticipated to develop at the speediest rate in the upcoming years. The infrastructure improvements crosswise over various districts are probably going to drive the portion development over the estimate time frame. The mechanical hardware fragment is foreseen to be the second quickest developing section. The industrial machinery section is also anticipated to develop rapidly, due to fast industrialization across developing as well as developed countries. Additionally, other segments, such as household appliances and aerospace & transportation, are foreseen to encounter stable development over the forecast period.

Electric AC Motors - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Electric AC Motors - 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.

Electric AC Motors - List of Tables:

Table 1.Electric AC Motors Market, By Type, 2014-2023, ($Million)
Table 2.Synchronous AC Motors Market, By Region, 2014-2023, ($Million)
Table 3.Induction AC Motors Market, By Region, 2014-2023, ($Million),
Table 4.Electric AC Motors Market, By Voltage, 2014-2023, ($Million)
Table 5.Integral HP Output Market, By Region, 2014-2023, ($Million)
Table 6.Fractional HP Output Market, By Region, ($Million), 2014-2023
Table 7.Electric AC Motors Market, By End User, 2014-2023, ($Million)
...

Electric AC Motors - List of Figures:

Figure 1.Electric AC Motors Market Share, By Type, 2014 & 2023
Figure 2.Electric AC Motors Market, By Voltage, 2014 & 2023, ($Million)
Figure 3.Electric AC Motors Market, By End User, 2014 & 2023, ($Million)
Figure 4.Electric AC Motors Market, By Region, 2014 & 2023, ($Million)
Figure 5.Ametek Inc.: Net Revenues, 2014-2016 ($Million)
Figure 6.Ametek Inc.: Net Revenue Share, By Segment, 2016
Figure 7.Ametek Inc.: Net Revenue Share, By Geography, 2016
...

The key industry participants for the electric AC motors 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. According to Type, the global market is split into;Induction AC Motors and Synchronous AC Motors. According to Voltage, global market is split into;Fractional HP Output and Integral HP Output. According to Voltage, global market is split into; Motor Vehicles, Aerospace & Transportation, Industrial Machinery, HVAC Equipment and Household Appliances Geographically, the global electric AC motors market is segmented into regions which are; Europe (Germany, Spain, Italy, France, UK and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), North America (the United States, Mexico and Canada) and Rest of the World (Brazil, Saudi Arabia, South Africa, United Arab Emirates and Others).

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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.

Continued…

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