Reports
Global Induction AC Electric Motor Market: By Type; By Efficiency Rating; IE1, IE2, IE3, IE4; By Speed: Ultra-High-Speed Motors, High-Speed Motors, Medium Speed Motors, Low Speed Motors; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Induction AC Electric Motor Market Outlook
The induction AC electric motor market stood at a value of around USD 19.8 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 13.70% to reach USD 41.7 billion by 2027.
Growing Demand for High-Speed Motors to Aid the Global Induction AC Electric Motor Industry
High-speed motors are likely to gain traction in various end use industries due to the significant advantages offered by the product. These advantages include high efficiency, no dependence on lubricants, operation with less noise, low maintenance, easy portability, small size, and lightweight. High-speed motors prove to be extremely beneficial in industrial applications such as drilling operations, which is driving the segment growth. Moreover, the growing R&D activities to bolster the operational efficiency of high-speed motors in various applications are likely to aid the segment.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific Accounts for a Significant Share in the Market
The induction AC electric motor industry in the Asia Pacific is driven by factors such as the expansion of the major end use industries, rapid industrialisation, strong foothold of technology providers, and strong economic growth of developing countries. Additionally, the thriving manufacturing sector in countries like India, China, and others is anticipated to propel the demand for induction AC electric motors in the forecast period.
Induction AC Electric Motor: Market Segmentation
An induction AC electric motor is defined as an electrical equipment that converts alternating current into mechanical energy using electromagnetic induction. AC motor contains a stator which is made from a ring of electromagnets arranged around the outside, which produce magnetic field.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on type, the market can be segmented into:
- < 1 kV
- 1 kV – 6.6 kV
- 6.6 kV
On the basis of efficiency rating, the market is segmented into:
- IE1
- IE2
- IE3
- IE4
By speed, the market has been divided into:
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
The major end uses of the product include:
- Industrial
- Motor Vehicle
- HVAC
- Household
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Utilisation in Motor Vehicles to Boost the Growth of the Induction AC Electric Motor Industry
The rising application of induction AC electric motors in motor vehicles, owing to the thriving transportation sector, rising standards of living, and rapid urbanisation in emerging economies, is driving the market growth. In addition to this, the rising demand for commercial and passenger automobiles, motorcycles, and motorised bicycles due to increasing disposable incomes is anticipated to augment the market in the forecast period. Meanwhile, the rising demand for HVAC equipment from the residential and commercial sector is likely to be another aiding factor in the market growth over the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Industry Players in the Global Induction AC Electric Motor Market
The report gives a detailed analysis of the following key players in the global induction AC electric motor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ABB Ltd.
- Rockwell Automation, Inc.
- Siemens AG
- ARC Systems, Inc.
- Sinotech, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Efficiency Rating, Speed, End Use, Region |
| Breakup by Type | < 1 kV, 1 kV – 6.6 kV, > 6.6 kV |
| Breakup by Efficiency Rating | IE1, IE2, IE3, IE4 |
| Breakup by Speed | Ultra-High-Speed Motors, High-Speed Motors, Medium Speed Motors, Low Speed Motors |
| Breakup by End Use | Industrial, Motor Vehicle, HVAC, Household, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., Sinotech, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Induction AC Electric Motor Market Analysis
8.1 Key Industry Highlights
8.2 Global Induction AC Electric Motor Historical Market (2018-2022)
8.3 Global Induction AC Electric Motor Market Forecast (2023-2028)
8.4 Global Induction AC Electric Motor Market by Type
8.4.1 < 1 kV
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 1 kV – 6.6 kV
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 > 6.6 kV
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Induction AC Electric Motor Market by Efficiency Rating
8.5.1 IE1
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 IE2
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 IE3
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 IE4
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Induction AC Electric Motor Market by Speed
8.6.1 Ultra-High-Speed Motors
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 High-Speed Motors
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Medium Speed Motors
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Low Speed Motors
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.7 Global Induction AC Electric Motor Market by End Use
8.7.1 Industrial
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Motor Vehicle
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 HVAC
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Household
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Induction AC Electric Motor Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Induction AC Electric Motor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Induction AC Electric Motor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Induction AC Electric Motor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Induction AC Electric Motor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Induction AC Electric Motor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Rockwell Automation, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Siemens AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ARC Systems, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sinotech, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Induction AC Electric Motor Market: Key Industry Highlights, 2018 and 2028
2. Global Induction AC Electric Motor Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Induction AC Electric Motor Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Induction AC Electric Motor Historical Market: Breakup by Efficiency Rating (USD Billion), 2018-2022
5. Global Induction AC Electric Motor Market Forecast: Breakup by Efficiency Rating (USD Billion), 2023-2028
6. Global Induction AC Electric Motor Historical Market: Breakup by Speed (USD Billion), 2018-2022
7. Global Induction AC Electric Motor Market Forecast: Breakup by Speed (USD Billion), 2023-2028
8. Global Induction AC Electric Motor Historical Market: Breakup by End Use (USD Billion), 2018-2022
9. Global Induction AC Electric Motor Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10. Global Induction AC Electric Motor Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Induction AC Electric Motor Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Induction AC Electric Motor Market Structure
Key Questions Answered in the Report
In 2021, the global induction AC electric motors market attained a value of nearly USD 19.8 billion.
The market is estimated to grow at a CAGR of 13.70% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 41.7 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of induction AC electric motors in various industries, rising standards of living, and rapid industrialisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the technological advancements in the automotive sector.
< 1 kV, 1 kV – 6.6 kV, and 6.6 kV are the major induction AC electric motor types included in the market report.
IE1, IE2, IE3, and IE4 are the major segments based on efficiency rating.
Ultra-high-speed motors, high-speed motors, medium speed motors, and low speed motors are the major segments based on speed.
Industrial, motor vehicle, HVAC, and household, among others are the different end uses of induction AC electric motors.
The major players in the industry are ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Sinotech, Inc., among others.
Analyst Review
The global induction AC electric motors market attained a value of USD 19.8 billion in 2021, driven by the rising demand for motor vehicles for transportation purpose. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 13.70%. The market is projected to reach USD 41.7 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into < 1 kV, 1 kV – 6.6 kV, and 6.6 kV. On the basis of efficiency rating, the market is divided into IE1, IE2, IE3, and IE4. By speed, the market has been divided into ultra-high-speed motors, high-speed motors, medium speed motors, and low speed motors. The significant end uses of the product include industrial, motor vehicle, HVAC, and household, among others. The major regional markets for induction AC electric motors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Sinotech, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER