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Machine ElementsMotor

PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1632128

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1632128

AC Motors Market by Type (Induction, Synchronous), Voltage (3 kV-3.6 kV, 3.7-4.9 kV, 5 kV-7.2 kV, above 7.2 kV), Poles (2, 4, 6, 8, 10), Power Rating, End User and Region - Global Trends & Forecast to 2029

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Description

Table of Contents

List of Tables

The AC motors market is projected to reach USD 6.60 billion by 2029 from an estimated USD 4.60 billion in 2024, at a CAGR of 7.5% during the forecast period (2024-2029). The demand for AC motors is growing because there has been an increased number of applications in industries such as HVAC, manufacturing, oil & gas, and water and wastewater treatment. Their performance, durability, and resistance to automation make them useful for smart manufacturing. Rapid growth in infrastructure projects along with energy-efficient systems and transformation into renewable energy sources also increases use for applications requiring precise and reliable control.

Scope of the Report
Years Considered for the Study2020-2029
Base Year2023
Forecast Period2024-2029
Units ConsideredValue (USD Million) and Volume (Thousand Units)
SegmentsAC Motors Market by Type, End User, Power rating, Poles, Voltage, and Region
Regions coveredNorth America, Europe, Asia Pacific, South America, and Middle East & Africa

"Induction motor is expected to grow as the largest segment during the forecast period."

Induction motors are the strongest growing segment of AC motors because of their rugged nature, low maintenance, and all-around applications. They thrive well under changing climatic conditions and are commonly implemented in industries such as HVAC, manufacturing, and renewable energy. Electrification of transportation modes and infrastructure modernization adds to their demand. Induction motors are less costly and versatile to meet high and low speeds with many loads. This is suitable for industrial and consumer markets and has the potential for achieving lower greenhouse gas emissions by being in line with broader global sustainability goals.

"Power segment is expected to emerge as the largest segment by application."

The power segment is growing the fastest within AC motors due to the growing demand for electricity driven by industrialization, urbanization, and the integration of renewable energy. It is critical for the successful operation of the power generation, transmission, and distribution systems. In turbines and compressors, AC motors handle heavy-duty equipment operations, delivering efficiency in their work. Coupled with the rising demand in power loads and motor durability and efficiency improvements, their trend is set to suit the global shift toward energy optimization. Further, with the increasing investment in smart grids and electrification projects also drives this segment forward.

"China to grow at the highest CAGR for Asia Pacific AC motors market."

China represents one of the fastest-growing AC motor markets, based on its strong manufacturing industry- it accounts for the largest worldwide. China also benefits rapidly from Industry 4.0 technologies. The drive by this country to automate processes and invest more in smart factories has hugely created an influence on the demand of the AC motors in the industries. Moreover, its efforts for renewable energy and electrical vehicle use are further increasing growth among the power and automobile markets. Low production costs together with government initiatives to update infrastructures and a booming market in exports have cemented leadership status for China in AC motor industry.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%

By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%

By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), and NIDEC (Japan) are some of the key players in the AC motors market.

The study includes an in-depth competitive analysis of these key players in the AC motors market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the AC motors market by Type (Induction motors and Synchronou motors), By Power Rating (500 - 900 kW; 900 - 1,200 kW; 1,200 - 5,000 kW; 5,000 - 9,000 kW; 9,000 - 12,000 kW; 12,000 - 15,000 kW; 15,000 - 25,000 kW; Above 25,000 kW), By Voltage (3 kV to 3.6 kV, 3.7 kV to 4.9 kV, 5 kV to 7.2 kV and Above 7.2 kV), By Poles (2 poles, 4 poles, 6 poles, 8 poles, 10 poles, others) By End User (Steel & metals, Mining, Oil & gas, Water & wastewater treatment, Power, Marine and shipbuilding, Petrochemicals, Automotive manufacturing, and Others) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AC motors market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, investment, divestment, new product & service launches, and recent developments associated with the AC motors market. Competitive analysis of upcoming startups in the AC motors market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (burgeoning steel industry is propagating the induction motors growth

, global commitment to decarbonization are creating unprecedented demand for induction & synchronous motors and growing demand in manufacturing industries), restraints (increase in maintenance cost of systems after implementation of induction and synchronous motors and implementation of stringent regulatory standards), opportunities (transition of automotive industry toward electric vehicles and growth of adoption in the oil & gas industry), and challenges (thermal, insulation and mechanical issues are causing a hinderance in high voltage induction motors and shortage of components and supply chain issues) influences the growth of the ac motors market.

  • Product Development/ Innovation: GE Vernova, GE's portfolio of energy businesses, announced a significant investment of over USD 450 million in U.S. manufacturing for 2023. This investment aims to enhance capacity, upgrade facilities, and improve production processes. For motors specifically, the investment supports the development and manufacturing of advanced motor technologies, ensuring higher efficiency and reliability. These improvements are expected to boost GE Vernova's competitive edge in the energy sector, particularly in renewable energy and power generation applications.
  • Market Development: The development of AC motors are moving towards greater efficiency and power generation. Favorable government policies in carbon emission reduction, increasing demand for AC motors in industrial sectors, create AC motors market growth.
  • Market Diversification: The deal indicates that GE Vernova's Power Conversion business is advancing its role in the naval sector by supplying integrated full-electric propulsion systems for the Republic of Singapore Navy's Multi-Role Combat Vessel program. This collaboration highlights GE Vernova's capabilities in providing cutting-edge energy conversion technologies, reinforcing its commitment to innovative solutions in maritime applications, and enhancing energy efficiency and operational performance for naval fleets.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), NIDEC (Japan) among others in the AC motors market.
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Product Code: EP 9262

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
    • 1.3.2 INCLUSIONS AND EXCLUSIONS
    • 1.3.3 YEARS CONSIDERED
  • 1.4 LIMITATIONS
  • 1.5 UNIT CONSIDERED
  • 1.6 CURRENCY CONSIDERED
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • 2.2.1 SECONDARY AND PRIMARY RESEARCH
    • 2.2.2 SECONDARY DATA
      • 2.2.2.1 Key data derived from secondary sources
      • 2.2.2.2 List of major secondary sources
    • 2.2.3 PRIMARY DATA
      • 2.2.3.1 Key data derived from primary sources
      • 2.2.3.2 Key industry insights
      • 2.2.3.3 Major participants in primary interviews
      • 2.2.3.4 Breakdown of primaries
  • 2.3 MARKET SIZE ESTIMATION METHODOLOGY
    • 2.3.1 BOTTOM-UP APPROACH
      • 2.3.1.1 Demand-side analysis
      • 2.3.1.2 Regional analysis
      • 2.3.1.3 Country-level analysis
      • 2.3.1.4 Demand-side assumptions
      • 2.3.1.5 Demand-side calculations
    • 2.3.2 TOP-DOWN APPROACH
    • 2.3.3 SUPPLY-SIDE ANALYSIS
      • 2.3.3.1 Supply-side assumptions
      • 2.3.3.2 Supply-side calculations
    • 2.3.4 FORECAST ASSUMPTIONS
  • 2.4 RISK ANALYSIS
  • 2.5 RESEARCH ASSUMPTIONS
  • 2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AC MOTOR MARKET
  • 4.2 AC MOTOR MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY
  • 4.3 AC MOTOR MARKET, BY TYPE
  • 4.4 AC MOTOR MARKET, BY VOLTAGE
  • 4.5 AC MOTOR MARKET, BY POWER RATING
  • 4.6 AC MOTOR MARKET, BY POLE
  • 4.7 AC MOTOR MARKET, BY END USER

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 International initiatives focused on decarbonizing steel industry
      • 5.2.1.2 Global transition toward clean energy to reduce carbon emissions
      • 5.2.1.3 Rapid industrialization and increasing adoption of smart technology
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Need for regular maintenance despite high cost
      • 5.2.2.2 Requirement to comply with stringent regulatory standards
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Rising demand for electric vehicles
      • 5.2.3.2 Growing adoption of AC motors in oil & gas sector
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Thermal, insulation, and mechanical issues in high-voltage induction motors
      • 5.2.4.2 Supply chain issues
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    • 5.4.1 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER RATING, 2021-2023
    • 5.4.2 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION, 2021-2023
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    • 5.8.1 KEY TECHNOLOGIES
      • 5.8.1.1 Permanent magnet motors
    • 5.8.2 ADJACENT TECHNOLOGIES
      • 5.8.2.1 Switched reluctance motors
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    • 5.10.1 EXPORT DATA (HS CODE 8501)
    • 5.10.2 IMPORT DATA (HS CODE 8501)
  • 5.11 KEY CONFERENCES AND EVENTS, 2025
  • 5.12 CASE STUDY ANALYSIS
    • 5.12.1 MENZEL MOTORS DELIVERS INDUCTION MOTOR TO CEMENT PLANT TO MINIMIZE DOWNTIME
    • 5.12.2 WEG POWERS CENTRAL ASIA'S LARGEST GAS PLANT WITH HIGH-VOLTAGE MOTORS FOR ENERGY PRODUCTION
  • 5.13 TARIFF AND REGULATORY LANDSCAPE
    • 5.13.1 TARIFF ANALYSIS
    • 5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.13.3 REGION-WISE AND GLOBAL CODES AND REGULATIONS RELATED TO AC MOTORS
  • 5.14 PORTER'S FIVE FORCES ANALYSIS
    • 5.14.1 BARGAINING POWER OF SUPPLIERS
    • 5.14.2 BARGAINING POWER OF BUYERS
    • 5.14.3 THREAT OF NEW ENTRANTS
    • 5.14.4 THREAT OF SUBSTITUTES
    • 5.14.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • 5.15.2 BUYING CRITERIA
  • 5.16 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET
    • 5.16.1 AI/GENERATIVE AI APPLICATIONS OF AC MOTORS
    • 5.16.2 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY TYPE AND REGION
    • 5.16.3 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY REGION
  • 5.17 GLOBAL MACROECONOMIC OUTLOOK
    • 5.17.1 INTRODUCTION
    • 5.17.2 GDP TRENDS AND FORECAST
    • 5.17.3 INFLATION
    • 5.17.4 ASPECTS OF MANUFACTURING VALUE ADDED IN AC MOTOR MARKET

6 AC MOTOR MARKET, BY POLE

  • 6.1 INTRODUCTION
  • 6.2 2-POLE
    • 6.2.1 ABILITY TO OPERATE AT HIGH-SPEEDS TO BOOST DEMAND
  • 6.3 4-POLE
    • 6.3.1 SUITABILITY FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING MODERATE SPEED AND HIGH TORQUE TO FUEL SEGMENTAL GROWTH
  • 6.4 6-POLE
    • 6.4.1 INCREASING DEPLOYMENT IN APPLICATIONS REQUIRING HIGH TORQUE, LOW SPEED, AND HEAVY LOADS TO SUPPORT SEGMENTAL GROWTH
  • 6.5 8-POLE
    • 6.5.1 RISING USE IN HEAVY-DUTY AND LOW-SPEED INDUSTRIAL APPLICATIONS TO FOSTER MARKET GROWTH
  • 6.6 10-POLE
    • 6.6.1 ABILITY TO HANDLE DEMANDING TASKS WITH HIGH PRECISION AND EFFICIENCY TO DRIVE MARKET
  • 6.7 OTHERS

7 AC MOTOR MARKET, BY POWER RATING

  • 7.1 INTRODUCTION
  • 7.2 500-900 KW
    • 7.2.1 INCREASING USE IN INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING RELIABLE AND EFFICIENT POWER DELIVERY TO DRIVE MARKET
  • 7.3 >900-1,200 KW
    • 7.3.1 ABILITY TO HANDLE HEAVY MECHANICAL LOADS WITH CONSISTENT EFFICIENCY TO SPIKE DEMAND
  • 7.4 >1,200-5,000 KW
    • 7.4.1 RUGGED DESIGN AND EXTREME POWER CAPACITY TO INCREASE ADOPTION IN HEAVY-DUTY INDUSTRIAL APPLICATIONS
  • 7.5 >5,000-9,000 KW
    • 7.5.1 LARGE-SCALE PROJECTS IN EMERGING MARKETS TO CREATE GROWTH OPPORTUNITIES
  • 7.6 >9,000-12,000 KW
    • 7.6.1 ADVANCEMENTS IN RENEWABLE ENERGY, INDUSTRIAL AUTOMATION, AND INFRASTRUCTURE DEVELOPMENT TO ELEVATE DEMAND
  • 7.7 >12,000-15,000 KW
    • 7.7.1 EXCELLENCE IN DELIVERING SUBSTANTIAL POWER OUTPUT TO DRIVE CRITICAL INDUSTRIAL PROCESSES TO BOOST DEMAND
  • 7.8 >15,000-25,000 KW
    • 7.8.1 CAPABILITY TO MAINTAIN EFFICIENCY UNDER CONTINUOUS HEAVY-DUTY CONDITIONS TO DRIVE MARKET
  • 7.9 ABOVE 25,000 KW
    • 7.9.1 UNMATCHED EFFICIENCY, RELIABILITY, AND SUPERIOR PERFORMANCE IN HEAVY-DUTY OPERATIONS TO FUEL DEMAND

8 AC MOTOR MARKET, BY TYPE

  • 8.1 INTRODUCTION
  • 8.2 INDUCTION MOTORS
    • 8.2.1 SIMPLICITY, SCALABILITY, AND COST-EFFECTIVENESS FEATURES TO SPUR DEMAND
  • 8.3 SYNCHRONOUS MOTORS
    • 8.3.1 ABILITY TO PERFORM AT CONSTANT SPEED EVEN UNDER EXTREME CONDITIONS TO BOOST ADOPTION

9 AC MOTOR MARKET, BY VOLTAGE

  • 9.1 INTRODUCTION
  • 9.2 3 TO 3.6 KV
    • 9.2.1 RISING USE IN MEDIUM-VOLTAGE APPLICATIONS TO DRIVE MARKET
  • 9.3 3.7 TO 4.9 KV
    • 9.3.1 INCREASING ADOPTION TO POWER HEAVY-DUTY PROCESSING EQUIPMENT TO FUEL SEGMENTAL GROWTH
  • 9.4 5 TO 7.2 KV
    • 9.4.1 HIGH EFFICIENCY, LOW MAINTENANCE, AND COMPATIBILITY FEATURES TO DRIVE ADOPTION
  • 9.5 ABOVE 7.2 KV
    • 9.5.1 NEED FOR HIGH-VOLTAGE PRECISION DRIVERS IN MEGA-SCALE APPLICATIONS TO FOSTER SEGMENTAL GROWTH

10 AC MOTOR MARKET, BY END USER

  • 10.1 INTRODUCTION
  • 10.2 WATER & WASTEWATER TREATMENT
    • 10.2.1 SIGNIFICANT FOCUS ON ENERGY SAVINGS AND RELIABLE OPERATIONS TO SPIKE DEMAND
  • 10.3 POWER
    • 10.3.1 RISING NEED FOR STABLE POWER SUPPLY IN INDUSTRIAL OPERATIONS TO CONTRIBUTE TO MARKET GROWTH
  • 10.4 STEEL & METALS
    • 10.4.1 INCREASING FOCUS ON ACHIEVING SUSTAINABILITY GOALS AND REDUCING OPERATIONAL COSTS TO PROPEL MARKET
  • 10.5 PETROCHEMICALS
    • 10.5.1 PRESSING NEED TO REDUCE CARBON EMISSIONS TO FUEL ADOPTION
  • 10.6 MINING
    • 10.6.1 REQUIREMENT TO IMPROVE OPERATIONAL EFFICIENCY THROUGH SUSTAINABLE MINING PRACTICES TO BOOST DEMAND
  • 10.7 MARINE & SHIPBUILDING
    • 10.7.1 STRICTER ENVIRONMENTAL REGULATIONS TO FUEL DEMAND
  • 10.8 AUTOMOTIVE MANUFACTURING
    • 10.8.1 URGENT NEED TO REDUCE CARBON EMISSIONS AND ESCALATING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
  • 10.9 OIL & GAS
    • 10.9.1 RISING EMPHASIS ON REDUCING EMISSIONS AND IMPROVING OPERATIONAL EXCELLENCE TO ELEVATE DEMAND
  • 10.10 OTHER END USERS

11 AC MOTOR MARKET, BY REGION

  • 11.1 INTRODUCTION
  • 11.2 ASIA PACIFIC
    • 11.2.1 CHINA
      • 11.2.1.1 Significant focus on achieving renewable energy goals through hydropower and solar projects to drive market
    • 11.2.2 INDIA
      • 11.2.2.1 Government policies encouraging use of energy-efficient equipment to support market growth
    • 11.2.3 JAPAN
      • 11.2.3.1 Transformation toward automated industrial economy to fuel market growth
    • 11.2.4 SOUTH KOREA
      • 11.2.4.1 Rising adoption of digital technologies and green initiatives to foster market growth
    • 11.2.5 AUSTRALIA
      • 11.2.5.1 Investments in renewable energy projects to contribute to market growth
    • 11.2.6 REST OF ASIA PACIFIC
  • 11.3 EUROPE
    • 11.3.1 GERMANY
      • 11.3.1.1 Significant investments in offshore wind and solar photovoltaic projects to augment market growth
    • 11.3.2 UK
      • 11.3.2.1 Commitment to achieve net-zero emissions to fuel demand
    • 11.3.3 ITALY
      • 11.3.3.1 Surging adoption of sustainable energy solutions to drive market
    • 11.3.4 FRANCE
      • 11.3.4.1 Strong industrial foundation to support market growth
    • 11.3.5 REST OF EUROPE
  • 11.4 NORTH AMERICA
    • 11.4.1 US
      • 11.4.1.1 Growing focus on reducing carbon emissions to spike demand
    • 11.4.2 CANADA
      • 11.4.2.1 Commitment to sustainable energy practices to elevate demand
    • 11.4.3 MEXICO
      • 11.4.3.1 Growing push toward integrating renewable energy into grids to support market growth
  • 11.5 SOUTH AMERICA
    • 11.5.1 BRAZIL
      • 11.5.1.1 Increasing investments in green economy to propel market
    • 11.5.2 ARGENTINA
      • 11.5.2.1 Government initiatives promoting industrial growth to drive market
    • 11.5.3 REST OF SOUTH AMERICA
  • 11.6 MIDDLE EAST & AFRICA
    • 11.6.1 GCC
      • 11.6.1.1 Saudi Arabia
        • 11.6.1.1.1 Large-scale renewable energy projects to fuel demand
      • 11.6.1.2 UAE
        • 11.6.1.2.1 Smart city and energy generation projects to boost demand
      • 11.6.1.3 Rest of GCC
    • 11.6.2 SOUTH AFRICA
      • 11.6.2.1 Government investment in power projects to drive demand
    • 11.6.3 IRAQ
      • 11.6.3.1 Growing gas sector and significant investments in infrastructure projects to create opportunities
    • 11.6.4 REST OF MIDDLE EAST & AFRICA

12 COMPETITIVE LANDSCAPE

  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2024
  • 12.3 REVENUE ANALYSIS, 2019-2023
  • 12.4 MARKET SHARE ANALYSIS, 2023
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
  • 12.6 BRAND/PRODUCT COMPARISON
  • 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    • 12.7.1 STARS
    • 12.7.2 EMERGING LEADERS
    • 12.7.3 PERVASIVE PLAYERS
    • 12.7.4 PARTICIPANTS
    • 12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
      • 12.7.5.1 Company footprint
      • 12.7.5.2 Region footprint
      • 12.7.5.3 Type footprint
      • 12.7.5.4 Power rating footprint
      • 12.7.5.5 End user footprint
  • 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    • 12.8.1 PROGRESSIVE COMPANIES
    • 12.8.2 RESPONSIVE COMPANIES
    • 12.8.3 DYNAMIC COMPANIES
    • 12.8.4 STARTING BLOCKS
    • 12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
      • 12.8.5.1 List of key startups/SMEs
      • 12.8.5.2 Competitive benchmarking of key startups/SMEs
  • 12.9 COMPETITIVE SCENARIO
    • 12.9.1 PRODUCT LAUNCHES
    • 12.9.2 DEALS
    • 12.9.3 EXPANSIONS
    • 12.9.4 OTHER DEVELOPMENTS

13 COMPANY PROFILES

  • 13.1 KEY PLAYERS
    • 13.1.1 ABB
      • 13.1.1.1 Business overview
      • 13.1.1.2 Products/Solutions/Services offered
      • 13.1.1.3 Recent developments
        • 13.1.1.3.1 Deals
      • 13.1.1.4 MnM view
        • 13.1.1.4.1 Key strengths/Right to win
        • 13.1.1.4.2 Strategic choices
        • 13.1.1.4.3 Weaknesses/Competitive threats
    • 13.1.2 GE ELECTRIC COMPANY (GE VERNOVA)
      • 13.1.2.1 Business overview
      • 13.1.2.2 Products/Solutions/Services offered
      • 13.1.2.3 Recent developments
        • 13.1.2.3.1 Deals
        • 13.1.2.3.2 Other developments
      • 13.1.2.4 MnM view
        • 13.1.2.4.1 Key strengths/Right to win
        • 13.1.2.4.2 Strategic choices
        • 13.1.2.4.3 Weaknesses/Competitive threats
    • 13.1.3 SIEMENS
      • 13.1.3.1 Business overview
      • 13.1.3.2 Products/Solutions/Services offered
      • 13.1.3.3 Recent developments
        • 13.1.3.3.1 Product launches
        • 13.1.3.3.2 Other developments
      • 13.1.3.4 MnM view
        • 13.1.3.4.1 Key strengths/Right to win
        • 13.1.3.4.2 Strategic choices
        • 13.1.3.4.3 Weaknesses/Competitive threats
    • 13.1.4 WEG
      • 13.1.4.1 Business overview
      • 13.1.4.2 Products/Solutions/Services offered
      • 13.1.4.3 Recent developments
        • 13.1.4.3.1 Deals
        • 13.1.4.3.2 Expansions
      • 13.1.4.4 MnM view
        • 13.1.4.4.1 Key strengths/Right to win
        • 13.1.4.4.2 Strategic choices
        • 13.1.4.4.3 Weaknesses/Competitive threats
    • 13.1.5 NIDEC CORPORATION
      • 13.1.5.1 Business overview
      • 13.1.5.2 Products/Solutions/Services offered
      • 13.1.5.3 Recent developments
        • 13.1.5.3.1 Product launches
      • 13.1.5.4 MnM view
        • 13.1.5.4.1 Key strengths/Right to win
        • 13.1.5.4.2 Strategic choices
        • 13.1.5.4.3 Weaknesses/Competitive threats
    • 13.1.6 SHANGHAI ELECTRIC
      • 13.1.6.1 Business overview
      • 13.1.6.2 Products/Solutions/Services offered
      • 13.1.6.3 MnM view
        • 13.1.6.3.1 Key strengths/Right to win
        • 13.1.6.3.2 Strategic choices
        • 13.1.6.3.3 Weaknesses/Competitive threats
    • 13.1.7 TMEIC
      • 13.1.7.1 Business overview
      • 13.1.7.2 Products/Solutions/Services offered
      • 13.1.7.3 MnM view
        • 13.1.7.3.1 Key strengths/Right to win
        • 13.1.7.3.2 Strategic choices
        • 13.1.7.3.3 Weaknesses/Competitive threats
    • 13.1.8 HD HYUNDAI ELECTRIC CO., LTD.
      • 13.1.8.1 Business overview
      • 13.1.8.2 Products/Solutions/Services offered
      • 13.1.8.3 MnM view
        • 13.1.8.3.1 Key strengths/Right to win
        • 13.1.8.3.2 Strategic choices
        • 13.1.8.3.3 Weaknesses/Competitive threats
    • 13.1.9 HITACHI INDUSTRIAL PRODUCTS, LTD.
      • 13.1.9.1 Business overview
      • 13.1.9.2 Products/Solutions/Services offered
      • 13.1.9.3 MnM view
        • 13.1.9.3.1 Key strengths/Right to win
        • 13.1.9.3.2 Strategic choices
        • 13.1.9.3.3 Weaknesses/Competitive threats
    • 13.1.10 REGAL REXNORD CORPORATION
      • 13.1.10.1 Business overview
      • 13.1.10.2 Products/Solutions/Services offered
      • 13.1.10.3 Recent developments
        • 13.1.10.3.1 Deals
      • 13.1.10.4 MnM view
        • 13.1.10.4.1 Key strengths/Right to win
        • 13.1.10.4.2 Strategic choices
        • 13.1.10.4.3 Weaknesses/Competitive threats
    • 13.1.11 WOLONG ELECTRIC
      • 13.1.11.1 Business overview
      • 13.1.11.2 Products/Solutions/Services offered
      • 13.1.11.3 MnM view
        • 13.1.11.3.1 Key strengths/Right to win
        • 13.1.11.3.2 Strategic choices
        • 13.1.11.3.3 Weaknesses/Competitive threats
    • 13.1.12 ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.
      • 13.1.12.1 Business overview
      • 13.1.12.2 Products/Solutions/Services offered
    • 13.1.13 CG POWER & INDUSTRIAL SOLUTIONS LTD.
      • 13.1.13.1 Business overview
      • 13.1.13.2 Products/Solutions/Services offered
    • 13.1.14 LAXMI HYDRAULICS PVT. LTD.
      • 13.1.14.1 Business overview
      • 13.1.14.2 Products/Solutions/Services offered
    • 13.1.15 KIRLOSKAR ELECTRIC COMPANY
      • 13.1.15.1 Business overview
      • 13.1.15.2 Products/Solutions/Services offered
  • 13.2 OTHER PLAYERS
    • 13.2.1 JEUMONT ELECTRIC
    • 13.2.2 MENZEL ELEKTROMOTOREN GMBH
    • 13.2.3 XI'AN SIMO MOTOR CO., LTD.
    • 13.2.4 TECO-WESTINGHOUSE
    • 13.2.5 VEM GMBH
    • 13.2.6 HYOSUNG HEAVY INDUSTRIES
    • 13.2.7 AC-MOTOREN GMBH
    • 13.2.8 BROOK CROMPTON
    • 13.2.9 VYBO ELECTRIC
    • 13.2.10 O.M.E. MOTORI ELETTRICI S.R.L.

14 APPENDIX

  • 14.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 14.2 DISCUSSION GUIDE
  • 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 14.4 CUSTOMIZATION OPTIONS
  • 14.5 RELATED REPORTS
  • 14.6 AUTHOR DETAILS
Show more
Product Code: EP 9262

List of Tables

  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 AC MOTOR MARKET SNAPSHOT, 2024 VS. 2029
  • TABLE 3 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER RATING, 2021-2023 (USD/UNIT)
  • TABLE 4 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION, 2021-2023 (USD/UNIT)
  • TABLE 5 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 6 MAJOR PATENTS IN AC MOTOR MARKET, 2022-2023
  • TABLE 7 EXPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD THOUSAND)
  • TABLE 8 IMPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD THOUSAND)
  • TABLE 9 KEY CONFERENCES AND EVENTS, 2025
  • TABLE 10 IMPORT TARIFFS FOR HS 8501-COMPLIANT PRODUCTS, BY COUNTRY, 2023
  • TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 NORTH AMERICA: CODES AND REGULATIONS
  • TABLE 18 ASIA PACIFIC: CODES AND REGULATIONS
  • TABLE 19 EUROPE: CODES AND REGULATIONS
  • TABLE 20 GLOBAL: CODES AND REGULATIONS
  • TABLE 21 AC MOTOR MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AC MOTOR TYPES
  • TABLE 23 KEY BUYING CRITERIA FOR AC MOTOR TYPES
  • TABLE 24 GLOBAL GDP GROWTH, 2021-2028 (USD TRILLION)
  • TABLE 25 AVERAGE INFLATION RATES IN DIFFERENT GEOGRAPHIES, 2024
  • TABLE 26 MANUFACTURING VALUE ADDED AS PERCENTAGE OF GDP, 2023
  • TABLE 27 AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 28 AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 29 2-POLE: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 30 2-POLE: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 31 4-POLE: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 32 4-POLE: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 33 6-POLE: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 34 6-POLE: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 35 8-POLE: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 36 8-POLE: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 37 10-POLE: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 38 10-POLE: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 39 OTHERS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 40 OTHERS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 41 AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 42 AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 43 500-900 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 44 500-900 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 45 >900-1,200 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 46 >900-1,200 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 47 >1,200-5,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 48 >1,200-5,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 49 >5,000-9,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 50 >5,000-9,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 51 >9,000-12,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 52 >9,000-12,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 53 >12,000-15,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 54 >12,000-15,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 55 >15,000-25,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 56 >15,000-25,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 57 ABOVE 25,000 KW: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 58 ABOVE 25,000 KW: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 59 AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 60 AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 61 INDUCTION MOTORS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 62 INDUCTION MOTORS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 63 SYNCHRONOUS MOTORS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 64 SYNCHRONOUS MOTORS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 65 AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 66 AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 67 3 TO 3.6 KV: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 68 3 TO 3.6 KV: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 69 3.7 TO 4.9 KV: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 70 3.7 TO 4.9 KV: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 71 5 TO 7.2 KV: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 72 5 TO 7.2 KV: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 73 ABOVE 7.2 KV: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 74 ABOVE 7.2 KV: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 75 AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 76 AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 77 WATER & WASTEWATER TREATMENT: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 78 WATER & WASTEWATER TREATMENT: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 79 POWER: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 80 POWER: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 81 STEEL & METALS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 82 STEEL & METALS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 83 PETROCHEMICALS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 84 PETROCHEMICALS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 85 MINING: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 86 MINING: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 87 MARINE & SHIPBUILDING: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 88 MARINE & SHIPBUILDING: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 89 AUTOMOTIVE MANUFACTURING: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 90 AUTOMOTIVE MANUFACTURING: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 91 OIL & GAS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 92 OIL & GAS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 93 OTHER END USERS: AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 94 OTHER END USERS: AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 95 AC MOTOR MARKET, BY REGION, 2021-2023 (USD MILLION)
  • TABLE 96 AC MOTOR MARKET, BY REGION, 2024-2029 (USD MILLION)
  • TABLE 97 AC MOTOR MARKET, BY REGION, 2021-2023 (UNITS)
  • TABLE 98 AC MOTOR MARKET, BY REGION, 2024-2029 (UNITS)
  • TABLE 99 ASIA PACIFIC: AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 100 ASIA PACIFIC: AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 101 ASIA PACIFIC: AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 102 ASIA PACIFIC: AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 110 ASIA PACIFIC: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 111 CHINA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 112 CHINA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 113 INDIA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 114 INDIA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 115 JAPAN: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 116 JAPAN: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 117 SOUTH KOREA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 118 SOUTH KOREA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 119 AUSTRALIA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 120 AUSTRALIA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 121 REST OF ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 122 REST OF ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 123 EUROPE: AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 124 EUROPE: AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 125 EUROPE: AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 126 EUROPE: AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 127 EUROPE: AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 128 EUROPE: AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 129 EUROPE: AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 130 EUROPE: AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 131 EUROPE: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 132 EUROPE: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 133 EUROPE: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 134 EUROPE: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 135 GERMANY: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 136 GERMANY: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 137 UK: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 138 UK: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 139 ITALY: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 140 ITALY: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 141 FRANCE: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 142 FRANCE: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 143 REST OF EUROPE: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 144 REST OF EUROPE: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 145 NORTH AMERICA: AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 146 NORTH AMERICA: AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 147 NORTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 148 NORTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 149 NORTH AMERICA: AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 150 NORTH AMERICA: AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 151 NORTH AMERICA: AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 152 NORTH AMERICA: AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 153 NORTH AMERICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 154 NORTH AMERICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 155 NORTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 156 NORTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 157 US: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 158 US: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 159 CANADA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 160 CANADA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 161 MEXICO: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 162 MEXICO: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 163 SOUTH AMERICA: AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 164 SOUTH AMERICA: AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 165 SOUTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 166 SOUTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 167 SOUTH AMERICA: AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 168 SOUTH AMERICA: AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 169 SOUTH AMERICA: AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 170 SOUTH AMERICA: AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 171 SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 172 SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 173 SOUTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 174 SOUTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 175 BRAZIL: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 176 BRAZIL: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 177 ARGENTINA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 178 ARGENTINA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 179 REST OF SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 180 REST OF SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 181 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY TYPE, 2021-2023 (USD MILLION)
  • TABLE 182 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY TYPE, 2024-2029 (USD MILLION)
  • TABLE 183 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY VOLTAGE, 2021-2023 (USD MILLION)
  • TABLE 184 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY VOLTAGE, 2024-2029 (USD MILLION)
  • TABLE 185 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POWER RATING, 2021-2023 (USD MILLION)
  • TABLE 186 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POWER RATING, 2024-2029 (USD MILLION)
  • TABLE 187 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POLE, 2021-2023 (USD MILLION)
  • TABLE 188 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POLE, 2024-2029 (USD MILLION)
  • TABLE 189 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 190 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 191 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 192 MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 193 GCC: AC MOTOR MARKET, BY COUNTRY, 2021-2023 (USD MILLION)
  • TABLE 194 GCC: AC MOTOR MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
  • TABLE 195 GCC: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 196 GCC: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 197 SAUDI ARABIA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 198 SAUDI ARABIA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 199 UAE: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 200 UAE: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 201 REST OF GCC: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 202 REST OF GCC: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 203 SOUTH AFRICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 204 SOUTH AFRICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 205 IRAQ: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 206 IRAQ: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 207 REST OF MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER, 2021-2023 (USD MILLION)
  • TABLE 208 REST OF MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER, 2024-2029 (USD MILLION)
  • TABLE 209 AC MOTOR MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2021-2024
  • TABLE 210 AC MOTOR MARKET: DEGREE OF COMPETITION
  • TABLE 211 AC MOTOR MARKET: REGION FOOTPRINT
  • TABLE 212 AC MOTOR MARKET: TYPE FOOTPRINT
  • TABLE 213 AC MOTOR MARKET: POWER RATING FOOTPRINT
  • TABLE 214 AC MOTOR MARKET: END USER FOOTPRINT
  • TABLE 215 AC MOTOR MARKET: LIST OF KEY STARTUPS/SMES, 2023
  • TABLE 216 AC MOTOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023
  • TABLE 217 AC MOTOR MARKET: PRODUCT LAUNCHES, JANUARY 2021-AUGUST 2024
  • TABLE 218 AC MOTOR MARKET: DEALS, JANUARY 2021-AUGUST 2024
  • TABLE 219 AC MOTOR MARKET: EXPANSIONS, JANUARY 2021-AUGUST 2024
  • TABLE 220 AC MOTOR MARKET: OTHER DEVELOPMENTS, JANUARY 2021-AUGUST 2024
  • TABLE 221 ABB: COMPANY OVERVIEW
  • TABLE 222 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 223 ABB: DEALS
  • TABLE 224 GE VERNOVA: COMPANY OVERVIEW
  • TABLE 225 TABLE 2 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 226 GE VERNOVA: DEALS
  • TABLE 227 GE VERNOVA: OTHER DEVELOPMENTS
  • TABLE 228 SIEMENS: COMPANY OVERVIEW
  • TABLE 229 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 230 SIEMENS: PRODUCT LAUNCHES
  • TABLE 231 SIEMENS: OTHER DEVELOPMENTS
  • TABLE 232 WEG: COMPANY OVERVIEW
  • TABLE 233 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 234 WEG: DEALS
  • TABLE 235 WEG: EXPANSIONS
  • TABLE 236 NIDEC CORPORATION: COMPANY OVERVIEW
  • TABLE 237 NIDEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 238 NIDEC CORPORATION: PRODUCT LAUNCHES
  • TABLE 239 SHANGHAI ELECTRIC: COMPANY OVERVIEW
  • TABLE 240 SHANGHAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 241 TMEIC: COMPANY OVERVIEW
  • TABLE 242 TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 243 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 244 HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 245 HITACHI INDUSTRIAL PRODUCTS, LTD.: COMPANY OVERVIEW
  • TABLE 246 HITACHI INDUSTRIAL PRODUCTS, LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 247 REGAL REXNORD CORPORATION: COMPANY OVERVIEW
  • TABLE 248 REGAL REXNORD CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 249 REGAL REXNORD CORPORATION: DEALS
  • TABLE 250 WOLONG ELECTRIC: COMPANY OVERVIEW
  • TABLE 251 WOLONG ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 252 ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 253 ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 254 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW
  • TABLE 255 CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 256 LAXMI HYDRAULICS PVT. LTD.: COMPANY OVERVIEW
  • TABLE 257 LAXMI HYDRAULICS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 258 KIRLOSKAR ELECTRIC COMPANY: COMPANY OVERVIEW
  • TABLE 259 KIRLOSKAR ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 260 JEUMONT ELECTRIC: COMPANY OVERVIEW
  • TABLE 261 MENZEL ELEKTROMOTOREN GMBH: COMPANY OVERVIEW
  • TABLE 262 XI'AN SIMO MOTOR CO., LTD.: COMPANY OVERVIEW
  • TABLE 263 TECO-WESTINGHOUSE: COMPANY OVERVIEW
  • TABLE 264 VEM GMBH: COMPANY OVERVIEW
  • TABLE 265 HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW
  • TABLE 266 AC-MOTOREN GMBH: COMPANY OVERVIEW
  • TABLE 267 BROOK CROMPTON: COMPANY OVERVIEW
  • TABLE 268 VYBO ELECTRIC: COMPANY OVERVIEW
  • TABLE 269 O.M.E. MOTORI ELETTRICI S.R.L.: COMPANY OVERVIEW

List of Figures

  • FIGURE 1 AC MOTOR MARKET: RESEARCH DESIGN
  • FIGURE 2 DATA TRIANGULATION
  • FIGURE 3 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR AC MOTORS
  • FIGURE 4 AC MOTOR MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF AC MOTORS
  • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS): REVENUE GENERATED BY ABB THROUGH SALES OF AC MOTORS
  • FIGURE 8 ASIA PACIFIC CAPTURED LARGEST SHARE OF AC MOTOR MARKET IN 2023
  • FIGURE 9 INDUCTION MOTORS SEGMENT TO HOLD PROMINENT MARKET SHARE IN 2024
  • FIGURE 10 3 TO 3.6 KV SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2024
  • FIGURE 11 500-900 KW SEGMENT TO HOLD LARGEST SHARE OF AC MOTOR MARKET IN 2024
  • FIGURE 12 4-POLE SEGMENT TO WITNESS HIGHEST CAGR IN AC MOTOR MARKET DURING FORECAST PERIOD
  • FIGURE 13 WATER & WASTEWATER TREATMENT SEGMENT TO SECURE LARGEST SHARE OF AC MOTOR MARKET IN 2024
  • FIGURE 14 RISING DEMAND FOR ENERGY-EFFICIENT AND LOW-COST MAINTENANCE AC MOTORS TO DRIVE MARKET
  • FIGURE 15 INDUCTION MOTORS SEGMENT AND CHINA TO DOMINATE AC MOTOR MARKET IN ASIA PACIFIC IN 2029
  • FIGURE 16 INDUCTION MOTORS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
  • FIGURE 17 3 TO 3.6 KV SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029
  • FIGURE 18 500-900 KW SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
  • FIGURE 19 4-POLE SEGMENT TO SECURE MAJORITY OF MARKET SHARE IN 2029
  • FIGURE 20 WATER & WASTEWATER TREATMENT SEGMENT TO BE LARGEST END USER OF AC MOTORS IN 2029
  • FIGURE 21 AC MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 GLOBAL LANDSCAPE OF STEEL PRODUCTION AND USAGE, 2023
  • FIGURE 23 CLEAN ENERGY INVESTMENTS IN NET-ZERO PATHWAY, 2016-2050
  • FIGURE 24 DISTRIBUTION OF LOSSES IN INDUCTION MOTORS
  • FIGURE 25 ELECTRIC CAR SALES GROWTH, 2020-2024
  • FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 27 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER RATING, 2021-2023
  • FIGURE 28 AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION, 2021-2023
  • FIGURE 29 VALUE CHAIN ANALYSIS
  • FIGURE 30 AC MOTOR ECOSYSTEM
  • FIGURE 31 INVESTMENT AND FUNDING SCENARIO, 2018-2024
  • FIGURE 32 PATENTS APPLIED AND GRANTED, 2014-2023
  • FIGURE 33 EXPORT SCENARIO FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019-2023
  • FIGURE 34 IMPORT SCENARIO FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019-2023
  • FIGURE 35 PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AC MOTOR TYPES
  • FIGURE 37 KEY BUYING CRITERIA FOR AC MOTOR TYPES
  • FIGURE 38 IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY TYPE AND REGION
  • FIGURE 39 AC MOTOR MARKET, BY POLE, 2023
  • FIGURE 40 AC MOTOR MARKET, BY POWER RATING, 2023
  • FIGURE 41 AC MOTOR MARKET, BY TYPE, 2023
  • FIGURE 42 AC MOTOR MARKET, BY VOLTAGE, 2023
  • FIGURE 43 AC MOTOR MARKET, BY END USER, 2023
  • FIGURE 44 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN AC MOTOR MARKET DURING FORECAST PERIOD
  • FIGURE 45 AC MOTOR MARKET SHARE, BY REGION, 2023
  • FIGURE 46 ASIA PACIFIC: AC MOTOR MARKET SNAPSHOT
  • FIGURE 47 NORTH AMERICA: AC MOTOR MARKET SNAPSHOT
  • FIGURE 48 REVENUE ANALYSIS OF TOP PLAYERS IN AC MOTOR MARKET, 2019-2023
  • FIGURE 49 SHARE ANALYSIS OF PLAYERS IN AC MOTOR MARKET, 2023
  • FIGURE 50 COMPANY VALUATION, 2024
  • FIGURE 51 FINANCIAL METRICS, (EV/EBITDA), 2024
  • FIGURE 52 AC MOTOR MARKET: BRAND/PRODUCT COMPARISON
  • FIGURE 53 AC MOTOR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 54 AC MOTOR MARKET: COMPANY FOOTPRINT
  • FIGURE 55 AC MOTOR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 56 ABB: COMPANY SNAPSHOT
  • FIGURE 57 GE COMPANY: COMPANY SNAPSHOT
  • FIGURE 58 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 59 WEG: COMPANY SNAPSHOT
  • FIGURE 60 NIDEC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 61 SHANGHAI ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 62 HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 63 REGAL REXNORD CORPORATION: COMPANY SNAPSHOT
  • FIGURE 64 CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT
  • FIGURE 65 KIRLOSKAR ELECTRIC COMPANY: COMPANY SNAPSHOT
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