Press release
Electric AC Motors Market Share to Reach $210.98 Billion Globally by 2032 at 8.50% CAGR: Polaris Market Research
Polaris Market Research's latest report titled, "Electric AC Motors Market Share, Size, Trends, Industry Analysis Report, By Type (Synchronous AC Motors, Asynchronous AC Motors), Power Output, End-Use, Region - Global Forecast to 2032", the market size for electric ac motors was USD 101.92 billion in 2023 and is projected to grow to USD 210.98 billion by 2032. The industry is anticipated to exhibit a compound annual growth rate (CAGR) of 8.50% during the forecast period from 2024 to 2032.๐๐ฒ๐ ๐๐ ๐ฐ๐น๐๐๐ถ๐๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐ฎ๐ด๐ฒ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @ https://www.polarismarketresearch.com/industry-analysis/electric-ac-motors-market/request-for-sample
An electric AC motor is an electrical machine that makes use of an alternating current to convert electrical energy into mechanical energy. The AC motor consists of two basic parts: a stator and a rotor. The stator, which is the stationary part of the motor, delivers a rotating magnetic field to interact with the motor. The rotor, which is the rotating part of the motor, is fixed to the shaft. Based on their principle of operation, AC motors are classified as synchronous motors and induction motors. The motor that operates at synchronous speed is referred to as the synchronous motor. Induction motors are also referred to as asynchronous motors as they run slower than synchronous speed. AC motors are widely preferred for their longevity, efficiency, and availability. Also, their quiet operation makes them ideal for hospitals, stores, and restaurants.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
The electric AC motors market key players rely on advanced technology and high-quality products to stay competitive in the industry.
๐ฆ๐ผ๐บ๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ผ๐ฝ ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐ป๐๐ ๐ฎ๐ฟ๐ฒ:
โข ABB Limited
โข Allied Motion Technologies Inc.
โข Ametek Inc.
โข Asmo Co. Ltd.
โข Baldor Electric Company
โข Franklin Electric Co. Inc.
โข Johnson Electric
โข Kirloskar Electric Company
โข Rockwell Automation, Inc.
โข Siemens AG
๐๐๐ ๐ก๐ผ๐ ๐ง๐ต๐ถ๐ ๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ @ https://www.polarismarketresearch.com/buy/362/2
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐น ๐๐ป๐ฎ๐น๐๐๐ถ๐
โข The market segmentation is primarily based on type, power output, end-use and region.
โข By type analysis, the asynchronous AC motors segment accounted for the largest revenue share owing to their versatility and affordability.
โข By end-use analysis, the industrial segment witnessed the highest market share due to the widespread use of electric AC motors in various industrial applications.
๐๐ ๐ฝ๐น๐ผ๐ฟ๐ฒ ๐๐ต๐ฒ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐๐ถ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ฒ๐ฟ๐ฒ @ https://www.polarismarketresearch.com/industry-analysis/electric-ac-motors-market
๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐๐ ๐ ๐ผ๐๐ผ๐ฟ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐
โข In 2022, asynchronous AC motors segment accounted for the largest revenue share in the electric AC motors market. They are widely used in a variety of industrial and residential applications. They are easy to construct, dependable, and inexpensive when compared to other types of electric motors. They have a high starting torque and can run at various speeds. They can also withstand harsh operating conditions and are suitable for high-power applications.
โข The industrial segment accounted for the highest market share during the forecast period. Industrial production, technological advancements, energy efficiency requirements, and regulatory standards all influence demand for electric AC motors. As industries evolve, the electric AC motor market in the industrial segment is likely to see innovations and developments in motor technology to meet the specific needs of diverse industrial applications.
โข In 2022, Asia Pacific accounted for the largest market share in the electric AC motors market. The Asia Pacific region has dominated the electric vehicle industry as a result of increased EV sales, particularly in China. China is the world's largest consumer and producer of electric vehicles. The regional market includes developing economies such as China, India, and Japan, which are industrializing and commercializing at a faster rate than other developing nations around the world.
โข North America region accounted for the fastest growth in the electric AC motor market. Due to factors such as industrial automation, a greater emphasis on energy efficiency, and the increasing adoption of electric vehicles. Electric AC motors are widely used in industries such as manufacturing, automotive, and HVAC (heating, ventilation, and air conditioning). The rise of electric vehicles (EVs) has boosted demand for electric motors in the automotive industry.
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