Press release
Comprehensive analysis on Electric AC Motors Market Growth | Key Players are: ABB Limited, Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., Baldor Electric Company, Ametek Inc., Asmo Co. Ltd
Electric AC Motors Market
Asia-Pacific generated the highest revenue in the market during 2017, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support the strengthening of electric AC motors industry in the region. The increasing sale of passenger vehicles, coupled with high penetration of electric vehicles in countries such as China, and Japan increases the adoption of electric AC motors in the region.
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The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study. In 2018, the Induction AC Motors segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
The increasing automation in various industrial processes, and use of electric AC motors in diverse applications such as healthcare, construction, automotive, and consumer goods among others is expected to support the market growth. Increasing use of electric AC motors in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include rising demand for household appliances, growing use in HVAC applications, and government support for development of high efficiency electric AC motors. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry during the forecast period.
The different types of electric AC motors include induction AC motors, and synchronous AC motors. In 2018, the induction AC motors segment accounted for the highest share in the electric AC motors industry owing to the increasing demand from industries such as agriculture, paper & pulp, and chemicals. Some key features offered by induction AC motors include controlled acceleration, simplicity, low-cost, quiet, long-lasting, and low power demand on start, among others.
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The well-known companies profiled in the electric AC motors market report include Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., Baldor Electric Company, Allied Motion Technologies Inc., Ametek Inc., Asmo Co. Ltd., Franklin Electric Co. Inc., and ABB Limited among others. These companies are consistently launching new products to enhance their offerings in the electric AC market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.
The Report has segmented the global Electric AC Motor market on the basis of type and end user and region:
Electric AC Motor Source Type Outlook (Revenue, USD Billion, 2015 - 2026)
o Induction AC Motors
o Synchronous AC Motors
Electric AC Motor Source End User Outlook (Revenue, USD Billion, 2015 - 2026)
o Automotive
o Agriculture
o Residential
o Commercial
o Industrial
o Others
Table of Content:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Electric AC Motors Market Insights
3.1. Electric AC Motors Industry snapshot
3.2. Electric AC Motors - Ecosystem analysis
3.3. Electric AC Motors Market Dynamics
3.3.1. Electric AC Motors Market Forces
3.3.1.1. Electric AC Motors Market Driver Analysis
3.3.1.2. Electric AC Motors Market Restraint/Challenges analysis
3.3.1.3. Electric AC Motors Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Electric AC Motors Market PEST Analysis
3.6. Electric AC Motors Market Value Chain Analysis
3.7. Electric AC Motors Industry Trends
3.8. Competitive Ranking Analysis
4. Electric AC Motors Market Size and Forecast, 2015-2026 by Type
5. Electric AC Motors Market Size and Forecast, 2015-2026 by Application
6. Electric AC Motors Market Size and Forecast, 2015-2026 by Region
7. Electric AC Motors Market Company Profiles
For more information on this report at:
https://www.marketstudyreport.com/reports/electric-ac-motors-market-share-size-trends-analysis-report-by-type-induction-ac-motors-synchronous-ac-motors-by-application-automotive-agriculture-residential-commercial-industrial-others-by-region-segment-forecast-2019-2026/?utm_source=OPR.com-SP
Related Report:
Electric AC Motors Market Insights 2019, Global and Chinese Analysis and Forecast to 2024
Electric AC Motors Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Electric AC Motors industry with a focus on the Chinese market. The report provides key statistics on the market status of the Electric AC Motors manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Electric AC Motors market covering all important parameters.
https://www.marketstudyreport.com/reports/electric-ac-motors-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024?utm_source=RR-SP
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