AC Electric Motors Market is thriving worldwide with massive business trends 2020|| Future Plans and Industry Growth with High CAGR by Forecast 2026 | COVID-19 Impact||

Overview:

The AC (alternating current) motor commonly consists of two basic parts, an inside rotor attached to the output shaft producing a second rotating magnetic field and an outside stator having coils supplied with alternating current to produce a rotating magnetic field. The global AC electric motors market was valued at US$ 100 billion in 2019 and is expected to reach US$ 511.2million in 2025. In terms of geography, the global AC electric motors market is divided into six regions, such as North America, Europe, Asia Pacific, Middle East, Africa, and South America.

Drivers:

Better living standard of consumers, mechanization, rising electrification, and automation in the industrial processes are expected to propel growth of the global AC electric motors market. Moreover, rising industrialization and technological innovations are aiding the growth in global ac electric motors market. For instance, in October 2019, ABB launched new AXR large AC motors that offers power dense, water cooled design for hazardous locations.

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Restraints:

Lack of awareness, fluctuating prices of raw materials, manufacturing disruptions, and malfunctioning performance are expected to hamper the global AC electric motors market growth.

Regional Insights:

Asia Pacific is expected to witness robust growth in the global AC electric motors market due to rising adoption of automation and technologies, especially in Japan, India, and China. Moreover, North America and Europe are also expected to witness substantial growth in the global AC electric motors market due to technological innovations in industrial automation in the region. For instance, in February 2018, ABB collaborated with the Baldor Electric as a part of its Next Level strategy, which includes harmonizing different ABB-owned brands under the global ABB master brand.

Competitive Section:

Major players operating in the global AC electric motors market are Siemens AG, ABB, Johnson Electric Holdings, Nidec, General Electric, Denso, Bosch Group, WEG, Rockwell Automation, Emerson Electric, Toshiba International, Hitachi, Regal Beloit, Ametek, ARC systems, Allied Motion Technologies, and Baldor Electric.
In October 2019, WEG planned to install a new low voltage electric motor plant in Hosur, India to produce up to 250,000 electric motors per year.
In January 2019, Allied Motion designed Globe FC and MC line of small-frame AC motors for mil-aero (mil-spec) applications.

Understanding Scope:

• In-depth lookup and thorough assessment of the various contributing elements disclose that the global AC Electric Motors market is estimated to perform decently in the coming near years, achieving a complete valuation in 2020, and is in addition poised to register in 2027, developing at a healthful CAGR.

• This research report additionally incorporates massive statistics on a variety of market-specific segments, elaborating on phase categorization comprising type, application as nicely as end-user sections which successively impact rewarding business judgment.

Regional Overview:

In this part of the AC Electric Motors Market report, we will be taking a look at the geographical areas and the role they play in contributing to the growth of this line of business. The areas of interest in this document are as follows – The Middle East and Africa, South and North America, Europe, and The Asia Pacific. From the AC Electric Motors Market report, it becomes clear which region is the largest contributor.

The utility-owned segment is mainly being driven by increasing financial incentives and regulatory supports from the governments globally. The current utility-owned AC Electric Motors Market is affected primarily by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are delayed, and the companies are facing short-term operational issues due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is anticipated to get highly affected by the spread of the COVID-19 due to the effect of the pandemic in China, Japan, and India.

Key questions answered through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the AC Electric Motors Market?
• Which factors are influencing the AC Electric Motors Market over the forecast period?
• What are the global challenges, threats, and risks in the AC Electric Motors Market?
• Which factors are propelling and restraining the AC Electric Motors Market?
• What are the demanding global regions of the AC Electric Motors Market?
• What will be the global market size over the coming future?
• What are the different effective business strategies followed by global companies?

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This release was published on openPR.