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North America Induction AC Electric Motor Market Size, Share: By Type; By Efficiency Rating: IE1, IE2, IE3, IE4; By Speed: Ultra-High-Speed Motors, High-Speed Motors, Medium Speed Motors, Others; By Application: Industrial, Motor Vehicle, HVAC, Household, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Induction AC Electric Motor Market Outlook
The North America induction AC electric motor market attained a value of about USD 5.34 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.7% to reach nearly USD 15.68 billion by 2032.
Favourable Characteristics of Induction AC Electric Motors are Boosting the Growth of the Market
The growing market for induction AC electric motors in North America can be associated with the rising applications of AC motors in HVAC equipment, motor vehicles, household appliances, and industrial applications, among others owing to their ability to produce constant torque up to the rated speed. In addition to this, AC motors offer exceptional performance value by minimising overheating, braking, or degeneration, which offers a healthier lifespan, making the AC motor ideal for extreme conditions.
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In line with this, the demand for AC motors in North America is being driven by the rising applications of electric motors in the oil and gas sector. According to International Petroleum Industry Environmental Conservation Association (IPIECA), electric motors represent over 60-70% of electricity use in oil and gas operations solely in the United States. This is positively influencing the market growth in North America.
Induction AC Electric Motor: Market Segmentation
Induction AC electric motor, also known as asynchronous motor, is a commonly used AC electric motor in which the electric current required to produce torque in the rotor is obtained via electromagnetic induction from the rotating magnetic field of the stator winding.
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On the basis of type, the market can be divided into:
- < 1 kV
- 1 kV – 6 kV
- > 6 kV
Based on efficiency rating, the market can be classified into:
- IE1
- IE2
- IE3
- IE4
The market, based on speed, can be categorised into:
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
On the basis of application, the market can be segmented into:
- Industrial
- Motor Vehicle
- HVAC
- Household
- Others
The EMR report looks into the regional markets of induction AC electric motor in North America like the United States and Canada.
Rising Applications of Induction AC Electric Motor in HVAC Equipment is Pushing the Market Growth
The North America market for induction AC electric motor is being led by its growing industrial applications in the United States and Canada. AC motors have low sound output owing to which these motors are preferred for use in appliances such as heating, ventilation, and air conditioning systems (HVAC) installed in commercial and household settings. Furthermore, AC motors are highly adaptable and flexible in the sense that they can be powered using a simple on and off switch, making them easy to use. In addition, the variable speed and power output of AC motors make them further favourable in HVAC equipment, thereby propelling the market growth. With the rising awareness regarding rapid climate change and the need to curtail carbon emissions, AC motors are increasingly employed in HVAC systems, owing to their energy efficient characteristics. These are some of the factors providing impetus to the market.
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Key Industry Players in the North America Induction AC Electric Motor Market
The report presents a detailed analysis of the following key players in the North America induction AC electric motor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd.
- Rockwell Automation, Inc.
- Siemens AG
- ARC Systems, Inc.
- Emerson Electric Co.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Efficiency Rating |
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| Breakup by Speed |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 North America
7 Opportunities and Challenges in the Market
8 North America Induction AC Electric Motor Market Analysis
8.1 Key Industry Highlights
8.2 North America Induction AC Electric Motor Historical Market (2018-2023)
8.3 North America Induction AC Electric Motor Market Forecast (2024-2032)
8.4 North America Induction AC Electric Motor Market by Type
8.4.1 < 1 kV
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 1 kV – 6 kV
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 > 6 kV
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 North America Induction AC Electric Motor Market by Efficiency Rating
8.5.1 IE1
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 IE2
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 IE3
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 IE4
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 North America Induction AC Electric Motor Market by Speed
8.6.1 Ultra-High-Speed Motors
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 High-Speed Motors
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Medium Speed Motors
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Low Speed Motors
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 North America Induction AC Electric Motor Market by Application
8.7.1 Industrial
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Motor Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 HVAC
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Household
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 North America Induction AC Electric Motor Market by Country
8.8.1 United States
8.8.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Type
9.1.4 Breakup by Efficiency Rating
9.1.5 Breakup by Speed
9.1.6 Breakup by Application
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Type
9.2.4 Breakup by Efficiency Rating
9.2.5 Breakup by Speed
9.2.6 Breakup by Application
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABB Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Rockwell Automation, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Siemens AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 ARC Systems, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Emerson Electric Co.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Induction AC Electric Motor Market: Key Industry Highlights, 2018 and 2032
2. North America Induction AC Electric Motor Historical Market: Breakup by Type (USD Billion), 2018-2023
3. North America Induction AC Electric Motor Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. North America Induction AC Electric Motor Historical Market: Breakup by Efficiency Rating (USD Billion), 2018-2023
5. North America Induction AC Electric Motor Market Forecast: Breakup by Efficiency Rating (USD Billion), 2024-2032
6. North America Induction AC Electric Motor Historical Market: Breakup by Speed (USD Billion), 2018-2023
7. North America Induction AC Electric Motor Market Forecast: Breakup by Speed (USD Billion), 2024-2032
8. North America Induction AC Electric Motor Historical Market: Breakup by Application (USD Billion), 2018-2023
9. North America Induction AC Electric Motor Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. North America Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. North America Induction AC Electric Motor Market Structure
Key Questions Answered in the Report
In 2023, the North America induction AC electric motor market attained a value of USD 5.34 billion.
The market is projected to grow at a CAGR of 12.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 15.68 billion by 2032.
Characteristics such as healthy lifespan, adaptability, flexibility, and low noise output, among others are augmenting the applications of induction AC electric motors in several commercial and industrial uses, which is driving the market’s growth.
The market growth can be associated with the use of induction AC electric motors in heating, ventilation, and air conditioning (HVAC) equipment to save energy and reduce carbon dioxide emissions.
The major regions in the industry are the United States and Canada.
The major types of induction AC electric motor are < 1 kV, 1 kV – 6 kV, and > 6 kV.
The market, based on efficiency ratings, can be classified into IE1, IE2, IE3, and IE4.
The major speeds of induction AC electric motor are ultra-high-speed motors, high-speed motors, medium speed motors, and low speed motors.
The significant applications of induction AC electric motor are industrial, motor vehicle, HVAC, and household, among others.
The major players in the industry are ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Emerson Electric Co., among others.
Analyst Review
The North America induction AC electric motor market attained a value of nearly USD 5.34 billion in 2023, driven by favourable characteristics. Aided by the rising applications in HVAC equipment, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 12.7%. The market is projected to reach about USD 15.68 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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 induction AC electric motor are the United States and Canada. The key players in the above market include ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Emerson Electric Co., 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.
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