Exploring the Thriving AC Electric Motor Market Growing at CAGR of 4.7% by 2031

The AC electric motor market size was valued at $15.7 billion in 2021, and is estimated to reach $25 billion by 2031, growing at CAGR of 4.7% from 2022 to 2031.

AC electric motor possesses high torque, requires less maintenance, has low noise level, and provides better torque to weight ratio. This motor is used in various applications such as automobiles, industrial machinery, and robotics. All these factors drive the AC electric motor market growth.

Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/32141

The rise in popularity of ac electric motors, owing to electronic computation in automation and construction applications drives the demand for ac electric motors in luxury features in automobiles and electrical vehicles, which fuels the growth of the AC electric motor market.

Top Players:
ABB Ltd, Cantoni Group, General Electric, Hitachi Ltd., NIDEC CORPORATION, SEC Electric Machinery Co., Ltd, Siemens AG, Teco Electric & Machinery Ltd, Weg, Toshiba Corporation

Make Purchase Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/32141

Key Segments:
The global AC electric motor market is segmented on the basis of output power, sales, application, and region. Based on output power, the market is divided into 1000 hp up to 10000 hp, 10000 hp up to 20000 hp, and 20000 hp up to 30000 hp. According to sales type, it is bifurcated into new and aftermarket. As per end-user, it is classified into the automobile, HVAC, industrial machinery, and others.

Regional Analysis:
Region-wise, the global AC electric motor market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global market share and is anticipated to secure a leading position during the forecast period.

Speak to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/32141

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.