Electric AC Motors Market To Grow By USD 34.93 Billion From 2024-2028, Driven By Factory Automation And Industrial Robots, With AI Impact On Market Trends- Technavio

• 1.1 Induction
• 1.2 Synchronous

• 2.1 Integral
• 2.2 Fractional

• 3.1 APAC
• 3.2 Europe
• 3.3 North America
• 3.4 South America
• 3.5 Middle East and Africa

1.1
Induction-
The Electric Alternating Current (AC) motor market is primarily driven by the widespread use of induction motors, which generate torque through electromagnetic induction from the stator winding's magnetic field. Induction motors, also known as asynchronous motors, have no electrical connections to the rotor, making them feasible for various applications. These motors have found extensive use in industries such as oil and gas, where they power exploration tools, drilling equipment, and hydraulic pumps. The cost advantage of induction motors over synchronous motors, due to the absence of a commutator and brushes and fewer moving parts, is fueling their demand. Consequently, the global AC motors market is expected to grow significantly during the forecast period.

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Research Analysis

Electric Alternating Current (AC) motors are essential components in various industries, powering HVAC systems, electric vehicles, and a multitude of electronic appliances. AC motors operate using the principle of alternating current, with a stator providing a stationary magnetic field and a rotor rotating within it. Two main types exist: single-phase AC motors for smaller applications and three-phase AC motors for larger loads. The global production of AC motors is significant, with organizations like the Organisation Internationale des Constructeurs d'Engins Agricoles (OICA) and the International Energy Agency tracking production trends. Energy efficiency is a critical factor, with standards set by bodies like the IEC, CEE, and WEG. Rare earth elements, such as neodymium in neodymium magnets, are often used in AC motor production. Robotics technology, SMEs, and the Internet of Things are also influencing the AC motor market, with applications in heating, ventilating, cooling equipment, motor vehicles, and living standards influenced by income levels.

Market Research Overview

Electric Alternating Current (AC) motors are essential components in various industries and applications, including HVAC systems, electric vehicles, and industrial machinery. AC motors operate using the principle of alternating current, with a rotating magnetic field generated in the stator and a rotor that rotates within it. Two main types of AC motors are single-phase and three-phase, with the latter being more commonly used in large-scale industrial applications. The global production of electric AC motors continues to grow, driven by increasing demand from sectors such as the construction industry, electronics sector, and motor vehicles segment. The International Energy Agency (IEA) and the Organisation International des Constructeurs d'Automobiles (OICA) report that electric vehicles are gaining popularity due to rising living standards and income levels, leading to increased demand for AC motors. Offshore activities, OPEC countries, and SMEs are also significant consumers of AC motors, particularly in the oil and gas industry and in manufacturing processes. The use of AC motors in HVAC systems, heating, ventilating, and cooling equipment is also on the rise due to the growing emphasis on energy efficiency. The IEC, CEE, and other standardization bodies are continually working to improve the efficiency of AC motors, with rare earth elements such as neodymium magnets and advanced robotics technology playing a crucial role in this development. DC electric motors, series motors, shunt motors, and compound motors are also used in various applications, with output power ranging from a few watts to several megawatts. Electricity prices, international presence, and industrial operations are other factors influencing the AC motor market. Companies such as WEG, Johnson Electric, Nidec Corporation, Infinitum, and others are major players in the AC motor industry, offering a wide range of products and services to meet the diverse needs of their customers. The Internet of Things (IoT) is also expected to play a significant role in the future development of AC motors, enabling remote monitoring and control of motor performance and energy usage.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
  • Induction
  • Synchronous
• Power Output
  • Integral
  • Fractional
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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