North America Induction AC Electric Motor Market to Grow at a CAGR of 12.7% During 2024-2032, Aided by Growing Use of Induction AC Electric Motors in Conveyor Systems

The market growth of induction AC electric motors in North America can be ascribed to the growing automation in the industrial and manufacturing sectors. AC motors are increasingly used in conveyor systems, which are deployed in commercial places like airports, supermarkets, and in industries, such as manufacturing units. As automatic conveyor belts aid in reducing manual operations, boosts productivity, and minimise the risk of errors, the demand for induction AC electric motors is surging, which is providing impetus to the market. With advancements in computing technologies such as artificial intelligence (AI) and the Industrial Internet of Things (IIoT), logistics automation is augmenting the market growth of induction AC electric motors. Furthermore, the market is growing on account of new product launches by leading companies and diverse applications of induction AC electric motors owing to their cost-effective and low-maintenance features.

In May 2019, ABB Ltd. (NYSE: ABB), one of the leading players in the North America market for induction AC electric motor, announced the launch of AXR 5000 and 5800 rib cooled motors. These motors are designed in compliance to the mounting dimensions specified by the National Electrical Manufacture Association (NEMA) and are engineered to last longer while providing more horsepower per pound than conventional motors. The small and lightweight composition of these motors offer applicability in various industries. Further, these motors provide high power density, improved energy efficiency, improved cooling system, and higher cost-effectiveness. Such developments by leading market players are fuelling the market growth.

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Market Analysis by Type, Efficiency Rating, Speed, Application, and Region:

• Based on type, the market can be divided into < 1 kV, 1 kV – 6 kV, and > 6 kV.

• The market, based on efficiency rating, can be segmented into IE1, IE2, IE3, and IE4.

• On the basis of speed, the market can be classified into ultra-high-speed motors, high-speed motors, medium speed motors, and low speed motors.

• Based on application, the market can be categorised into industrial, motor vehicle, HVAC, and household, among others.

• The major regional markets for the product include the United States and Canada.

Key Findings of the Report:

• The favourable characteristics of induction AC electric motors such as healthy lifespan, adaptability, flexibility, and low noise output, among others, are boosting its usage in various industrial and commercial applications, thereby driving the market growth.

• The regional market growth can be associated with the rising use of induction AC electric motors in the oil and gas sector to achieve greater efficiency.

• Induction AC electric motors produce low sound output, are easier to use, and are energy efficient, owing to which they are employed in HVAC systems, thereby propelling the market growth.

• As a result of industrial automation, the growing use of conveyor belts in manufacturing, warehousing, and commercial applications is boosting the demand for induction AC electric motors, hence propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the North America market for induction AC electric motor for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) markets for types, efficiency ratings, speeds, applications, and major regions of induction AC electric motor in North America.

• The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the North America induction AC electric motor market are ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Emerson Electric Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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