AC Motor Market is set to witness a Huge Growth with a CAGR of 1.6%, During the Forecast Period 2029

The global AC motor market is expected to grow at a 1.6 % CAGR from 2023 to 2029. It is expected to reach above USD 20.36 billion by 2029 from USD 17.65 billion in 2020.

Exactitude Consultancy research's "AC Motor Market Forecast" study report focuses at sales and the overall global market for AC Motor in 2022. The sales forecast for AC Motor by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global AC Motor market, with sales of AC Motor broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the AC Motor Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Trends:

Increased Interest in Electric Vehicles

The development of energy-efficient motors may be encouraged by strict designing and manufacturing requirements, which would considerably boost the market. Additionally, the expansion of the industry may be positively impacted by the rising production of household appliances, automobiles, and other motor-driven devices.

Over the upcoming years, the Indian electric motor market is anticipated to soar. The country's expanding industrial and construction sectors, as well as the government's rising emphasis on the adoption of energy-efficient motors, are all responsible for the market's predicted expansion.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global AC Motor market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in AC Motor Market are:

ABB Ltd., iTouchless, Honeywell International Inc., Bosch Rexroth Ag, General Electric, Siemens AG, Regal Beloit, Simplehuman LLC, Crompton Greaves Power Efficiency Corporation, and WEG Industries

Recent Developments:

January 2022 - BMW developed a magnet-free-fifth-generation motor, which operates as a three-phase AC synchronous motor and will be used to power BMW iX m60. The motor will provide a solution that combines sensibility with high-tech EV technology to improve efficiency without using rare earth minerals.
October 2021 - Piech Automotive, a swiss electric car start-up, started testing its GT electric sports car. The car is powered by three-synchronous motors, one at the front and a tow at the rear axle, which are said to have a system output of 450 kW.

AC Motor Market Segmentation:

Ac Motor Market by Type, 2023-2029, (USD Billion), (Thousand Units)

Synchronous Motor

Induction Motor

Ac Motor Market By Application, 2023-2029, (USD Billion), (Thousand Units)

Commercial

Industrial

Medical

Ac Motor Market by Region, 2023-2029, (USD Billion), (Thousand Units)

North America

Asia Pacific

Europe

Latin America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global AC Motor market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global AC Motor market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global AC Motor Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the AC Motor market
Chapter 2: Exclusive Summary - the basic information of the AC Motor Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the AC Motor
Chapter 4: Presenting the AC Motor Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the AC Motor market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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