Global Electric AC Motors Market Size Study, By Type, By Power Output, By End Use, and Regional Forecasts 2022-2032

Description

The global electric AC motors market is valued at approximately USD 127.9 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2032. The increasing adoption of energy-efficient motors, rapid industrial automation, and expanding electric vehicle (EV) market are some of the primary factors fueling the market growth. AC motors play a crucial role in various industries, including HVAC, automotive, industrial machinery, and renewable energy systems, owing to their high efficiency, durability, and low maintenance.

Rising concerns about energy conservation and stringent regulations mandating the use of energy-efficient equipment are further propelling the demand for AC motors with improved operational efficiency. Manufacturers are incorporating IoT-enabled smart motors, variable frequency drives (VFDs), and high-performance materials to enhance performance and durability. Additionally, the increasing penetration of electric vehicles (EVs) has resulted in higher demand for AC motors in the automotive industry, particularly for traction motors used in EV powertrains.

The rising investments in renewable energy infrastructure, particularly in wind turbines and solar power plants, have also contributed to the increasing adoption of high-efficiency synchronous AC motors. Governments across the globe are supporting initiatives to reduce carbon emissions and transition towards green energy, further fueling the demand for smart and sustainable motor technologies.

However, the market faces challenges related to fluctuating raw material prices, high initial investment costs for premium efficiency motors, and complexities associated with integrating smart motor technologies into existing industrial frameworks. Nevertheless, the growing adoption of automation, smart manufacturing, and AI-powered motor diagnostics is expected to create significant growth opportunities for the market over the forecast period.

From a regional perspective, Asia-Pacific dominated the global electric AC motors market in 2023, holding a 41.7% market share, driven by rapid industrialization, infrastructure development, and the presence of major motor manufacturers. China, in particular, is a key player in the global market due to strong domestic demand, government policies favoring energy efficiency, and a rapidly growing EV sector. Meanwhile, North America and Europe are witnessing increased adoption of energy-efficient motors, primarily due to regulatory frameworks promoting sustainability and electrification in industries such as automotive, HVAC, and manufacturing.

Major Market Players Included in This Report:

ABB
Siemens
TOSHIBA CORPORATION
Johnson Electric Holdings Limited
Allied Motion, Inc
Rockwell Automation
AMETEK, Inc
Schneider Electric
Nidec Corporation
Regal Rexnord Corporation
Wolong Electric Group
Hyosung Corporation
Kirloskar Electric Company
TECO Electric & Machinery Co., Ltd.
Mitsubishi Electric Corporation

The Detailed Segments and Sub-segments of the Market Are Explained Below:

By Type:

Synchronous AC Motor
Induction AC Motor

By Power Output:

Integral HP Output
Fractional HP Output

By End Use:

Industrial Machinery
Motor Vehicles
HVAC Equipment
Aerospace & Transportation
Household Appliances
Others

By Region:

North America:

U.S.
Canada
Mexico

Europe:

Germany
France
Italy
Spain
UK

Asia Pacific:

China
Japan
India
South Korea
Australia

Latin America:

Brazil
Argentina

Middle East & Africa:

Saudi Arabia
UAE
South Africa

Years Considered for the Study Are Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecasts for 10 years (2022-2032)
Annualized revenue and regional-level analysis for each market segment
Detailed geographical landscape with country-level analysis of major regions
Competitive landscape with insights on key market players
Analysis of key business strategies and recommendations for future market approach
Evaluation of competitive structure within the market
Demand-side and supply-side market analysis

Chapter 1. Global Electric AC Motors Market Executive Summary

1.1. Global Electric AC Motors Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Power Output
- 1.3.3. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Electric AC Motors Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Electric AC Motors Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Electric Vehicles and Energy-Efficient Transportation
- 3.1.2. Increasing Industrial Automation and Smart Manufacturing Adoption
- 3.1.3. Rising Investments in Renewable Energy and Smart Grids
- 3.1.4. Technological Advancements in Motor Efficiency and IoT-Enabled Motors
3.2. Market Challenges
- 3.2.1. High Initial Costs Associated with Smart and High-Efficiency AC Motors
- 3.2.2. Fluctuating Raw Material Prices Impacting Motor Manufacturing
- 3.2.3. Complexities in Motor Integration and Compatibility in Various End Uses
3.3. Market Opportunities
- 3.3.1. Development of High-Performance AC Motors for Aerospace and Defense Applications
- 3.3.2. Expansion of Smart Home and HVAC Equipment Market
- 3.3.3. Rapid Industrialization and Infrastructure Growth in Emerging Economies
- 3.3.4. Adoption of Green Energy Policies Promoting AC Motor Efficiency

Chapter 4. Global Electric AC Motors Market Industry Analysis

4.1. Porter's Five Forces Analysis
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political Factors
- 4.2.2. Economic Factors
- 4.2.3. Social Factors
- 4.2.4. Technological Factors
- 4.2.5. Environmental Factors
- 4.2.6. Legal Factors
4.3. Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Electric AC Motors Market Size & Forecasts by Type (2022-2032)

5.1. Segment Dashboard
5.2. Global Electric AC Motors Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Synchronous AC Motor
- 5.2.2. Induction AC Motor

Chapter 6. Global Electric AC Motors Market Size & Forecasts by Power Output (2022-2032)

6.1. Segment Dashboard
6.2. Global Electric AC Motors Market: Power Output Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Integral HP Output
- 6.2.2. Fractional HP Output

Chapter 7. Global Electric AC Motors Market Size & Forecasts by End Use (2022-2032)

7.1. Segment Dashboard
7.2. Global Electric AC Motors Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Industrial Machinery
- 7.2.2. Motor Vehicles
- 7.2.3. HVAC Equipment
- 7.2.4. Aerospace & Transportation
- 7.2.5. Household Appliances
- 7.2.6. Others

Chapter 8. Global Electric AC Motors Market Size & Forecasts by Region (2022-2032)

8.1. North America Electric AC Motors Market
- 8.1.1. U.S.
- 8.1.2. Canada
- 8.1.3. Mexico
8.2. Europe Electric AC Motors Market
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. UK
8.3. Asia-Pacific Electric AC Motors Market
- 8.3.1. Japan
- 8.3.2. China
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Australia
8.4. Latin America Electric AC Motors Market
- 8.4.1. Brazil
- 8.4.2. Argentina
8.5. Middle East & Africa (MEA) Electric AC Motors Market
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. South Africa

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. ABB
- 9.1.2. Siemens
- 9.1.3. TOSHIBA CORPORATION
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. ABB
- 9.3.2. Siemens
- 9.3.3. TOSHIBA CORPORATION
- 9.3.4. Johnson Electric Holdings Limited
- 9.3.5. Allied Motion, Inc
- 9.3.6. Rockwell Automation
- 9.3.7. AMETEK, Inc

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Collection
- 10.1.2. Market Estimation
- 10.1.3. Validation
- 10.1.4. Publishing
10.2. Research Attributes