Press release
Huge demand of Electric AC Motors Market 2020 predicted to witness sustainable evolution over 2027 | ABB Limited, AMETEK.Inc, ASMO CO.LTD., Baldor Electric Company, Franklin Electric
Electric AC motors
Electric AC motors are used in various functionalities such as machine tools, household appliances, HVAC, vehicles, and industrial among others. The electric AC motors are used for industrialized applications such as conversion of power from electrical to mechanical.Single phase electric AC motors are small in size, and mostly used for minor power conversion such as fans, refrigerators, hair dryers, washing machine, and mixers among others. Growing automation in various industrial processes, increasing demand for electric AC motor operated household appliances, low manufacturing cost, durability, and growing use in HVAC applications are the factors responsible for the growth of the electric AC motors market.
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Leading companies profiled in the report include ABB Limited, AMETEK.Inc, ASMO CO.LTD., Baldor Electric Company, Franklin Electric, Johnson Electric, Kirloskar Electric Company, Mordor Intelligence, Rockwell Automation, Inc., Siemens AG
The increasing awareness regarding the use of the growing adoption of electric vehicles and energy-efficient motors are some of the major factors driving the growth of the market.However, the motors with high power generate extensive vibration, strain, and heating during their functioning, which are the elements restraining the growth of the market. The Increase in HVAC installations and rise in construction activities, especially in the developing economies, further accelerates the adoption of electric AC motors.
The report highlights key growth strategies adopted by these players of the Electric AC Motors industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.
Market Segmentation:
On the basis of Type:
o Induction AC motors
o Synchronous AC motors
On the basis of Applications:
o Automotive
o Agriculture
o Residential
o Commercial
o Industrial
The Electric AC Motors market is segmented based on a, b, and c. The report features exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.
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The Insight Partners,
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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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