The Global AC Electric Motor Market size is expected to reach $22.4 billion by 2030, rising at a market growth of 4.5% CAGR during the forecast period.
AC electric motors can be seamlessly integrated into automated manufacturing processes and robotics. Thus, the industrial machinery segment acquired $7,931.8 million revenue in 2022. Automation systems can control and monitor these motors remotely, allowing for greater flexibility, precision, and consistency in industrial operations.
Industries are pressured to lower their energy use and carbon footprint due to rising public awareness of environmental issues, including carbon emissions and climate change. Energy-efficient AC electric motors offer a solution by minimizing power wastage during operation, helping industries meet sustainability targets and comply with environmental regulations. Hence, the rising demand for energy-efficient motors propels the market's growth.
Additionally, Electric vehicles rely on electric motors as their primary power source for propulsion, replacing traditional internal combustion engines. AC electric motors, including induction motors and permanent magnet synchronous motors (PMSMs), are widely used in EVs due to their efficiency, torque characteristics, and controllability. Thus, the growing adoption of electric vehicles globally drives the market's growth.
However, AC electric motors, especially those with advanced features such as high-efficiency ratings or specialized applications, often incur a higher upfront cost than standard motors. The initial investment required to purchase these motors can be substantial, particularly for businesses operating on tight budgets or in cost-sensitive industries. In conclusion, high initial investment cost of AC electric motors is hampering the growth of the market.
By Sales Type Analysis
By sales type, the market is divided into new sales and aftermarket. In 2022, the new sales segment registered 79% revenue share in the market. Manufacturers continually innovate and develop new AC electric motors with enhanced efficiency, performance, and features.
By Output Power Analysis
Based on output power, the market is divided into 1000 HP up to 10000 HP, 10000 HP up to 20000 HP, and 20000 HP up to 30000 HP. The 10000 HP up to 20000 segments attained a significant 31.2% revenue share in the market.
By End Use Analysis
On the basis of end-use industry, the market is segmented into transportation, HVAC, industrial machinery, and others. The industrial machinery segment recorded the largest 50% revenue share in the market in 2022. Industrial machinery encompasses various applications across various industries, including manufacturing, construction, mining, agriculture, and transportation.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed a maximum 39% revenue share in the market in 2022.
Recent Strategies Deployed in the Market
- Jan-2024: WEG Equipamentos Eletricos SA introduced W23 Sync+, a hybrid motor that merges synchronous reluctance and permanent magnet. With the launch of W23 Sync+, WEG would offer great ability beyond all speed, in addition to this W23 Sync+ would also prolong its high efficiency below 2%.
- Sep-2023: WEG Equipamentos Eletricos SA acquired Regal Rexnord Corporation's generator and industrial electric trade, a worldwide producer of electromechanical articles. Through this acquisition, WEG would expand its business internationally and diversify its industrial operations.
- Jun-2023: ABB Ltd. introduced AMI 5800 NEMA, an adjustable motor to bring classic efficiency reliability pumps, compressors, fans, etc. Additionally, The AMI 5800 would also offer great modularity and modifications to include both improved and newly built projects in numerous industries.
- May-2023: WEG Equipamentos Eletricos SA formed a partnership with GM, a global automotive corporation. Under this partnership, WEG would offer personalized services and AC recharging stations. Moreover, WEG would provide technology for the installation of attainable recharging stations in parking lots and garages.
- Apr-2023: WEG Equipamentos Eletricos SA entered into a partnership with GWM, a Chinese manufacturer of automobiles. Under this partnership, WEG would introduce electrification into the Brazilian markets. Moreover, the company would deliver WEG wall chargers to its customers with 7.4 kW of power, alternating current (AC).
List of Key Companies Profiled
- WEG Equipamentos Eletricos SA
- Toshiba Corporation
- General Electric Company
- Hitachi, Ltd.
- ABB Ltd.
- Nidec Corporation
- Siemens AG
- Kirloskar Electric Co. Ltd.
- Schneider Electric SE
- Emerson Electric Co.
Global AC Electric Motor Market Report Segmentation
By Sales Type
By Output Power
- 1,000 HP up to 10,000 HP
- 10,000 HP up to 20,000 HP
- 20,000 HP up to 30,000 HP
By End Use
- Industrial Machinery
- HVAC
- Transportation
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global AC Electric Motor Market, by Sales Type
- 1.4.2Global AC Electric Motor Market, by Output Power
- 1.4.3Global AC Electric Motor Market, by End Use
- 1.4.4Global AC Electric Motor Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Strategies Deployed in AC Electric Motor Market
Chapter 5.Global AC Electric Motor Market by Sales Type
- 5.1Global New Sales Market by Region
- 5.2Global Aftermarket Market by Region
Chapter 6.Global AC Electric Motor Market by Output Power
- 6.1Global 1,000 HP up to 10,000 HP Market by Region
- 6.2Global 10,000 HP up to 20,000 HP Market by Region
- 6.3Global 20,000 HP up to 30,000 HP Market by Region
Chapter 7.Global AC Electric Motor Market by End-Use
- 7.1Global Industrial Machinery Market by Region
- 7.2Global HVAC Market by Region
- 7.3Global Transportation Market by Region
- 7.4Global Others Market by Region
Chapter 8.Global AC Electric Motor Market by Region
- 8.1North America AC Electric Motor Market
- 8.1.1North America AC Electric Motor Market by Sales Type
- 8.1.1.1North America New Sales Market by Region
- 8.1.1.2North America Aftermarket Market by Region
- 8.1.2North America AC Electric Motor Market by Output Power
- 8.1.2.1North America 1,000 HP up to 10,000 HP Market by Country
- 8.1.2.2North America 10,000 HP up to 20,000 HP Market by Country
- 8.1.2.3North America 20,000 HP up to 30,000 HP Market by Country
- 8.1.3North America AC Electric Motor Market by End-Use
- 8.1.3.1North America Industrial Machinery Market by Country
- 8.1.3.2North America HVAC Market by Country
- 8.1.3.3North America Transportation Market by Country
- 8.1.3.4North America Others Market by Country
- 8.1.4North America AC Electric Motor Market by Country
- 8.1.4.1US AC Electric Motor Market
- 8.1.4.1.1US AC Electric Motor Market by Sales Type
- 8.1.4.1.2US AC Electric Motor Market by Output Power
- 8.1.4.1.3US AC Electric Motor Market by End-Use
- 8.1.4.2Canada AC Electric Motor Market
- 8.1.4.2.1Canada AC Electric Motor Market by Sales Type
- 8.1.4.2.2Canada AC Electric Motor Market by Output Power
- 8.1.4.2.3Canada AC Electric Motor Market by End-Use
- 8.1.4.3Mexico AC Electric Motor Market
- 8.1.4.3.1Mexico AC Electric Motor Market by Sales Type
- 8.1.4.3.2Mexico AC Electric Motor Market by Output Power
- 8.1.4.3.3Mexico AC Electric Motor Market by End-Use
- 8.1.4.4Rest of North America AC Electric Motor Market
- 8.1.4.4.1Rest of North America AC Electric Motor Market by Sales Type
- 8.1.4.4.2Rest of North America AC Electric Motor Market by Output Power
- 8.1.4.4.3Rest of North America AC Electric Motor Market by End-Use
- 8.2Europe AC Electric Motor Market
- 8.2.1Europe AC Electric Motor Market by Sales Type
- 8.2.1.1Europe New Sales Market by Country
- 8.2.1.2Europe Aftermarket Market by Country
- 8.2.2Europe AC Electric Motor Market by Output Power
- 8.2.2.1Europe 1,000 HP up to 10,000 HP Market by Country
- 8.2.2.2Europe 10,000 HP up to 20,000 HP Market by Country
- 8.2.2.3Europe 20,000 HP up to 30,000 HP Market by Country
- 8.2.3Europe AC Electric Motor Market by End-Use
- 8.2.3.1Europe Industrial Machinery Market by Country
- 8.2.3.2Europe HVAC Market by Country
- 8.2.3.3Europe Transportation Market by Country
- 8.2.3.4Europe Others Market by Country
- 8.2.4Europe AC Electric Motor Market by Country
- 8.2.4.1Germany AC Electric Motor Market
- 8.2.4.1.1Germany AC Electric Motor Market by Sales Type
- 8.2.4.1.2Germany AC Electric Motor Market by Output Power
- 8.2.4.1.3Germany AC Electric Motor Market by End-Use
- 8.2.4.2UK AC Electric Motor Market
- 8.2.4.2.1UK AC Electric Motor Market by Sales Type
- 8.2.4.2.2UK AC Electric Motor Market by Output Power
- 8.2.4.2.3UK AC Electric Motor Market by End-Use
- 8.2.4.3France AC Electric Motor Market
- 8.2.4.3.1France AC Electric Motor Market by Sales Type
- 8.2.4.3.2France AC Electric Motor Market by Output Power
- 8.2.4.3.3France AC Electric Motor Market by End-Use
- 8.2.4.4Russia AC Electric Motor Market
- 8.2.4.4.1Russia AC Electric Motor Market by Sales Type
- 8.2.4.4.2Russia AC Electric Motor Market by Output Power
- 8.2.4.4.3Russia AC Electric Motor Market by End-Use
- 8.2.4.5Spain AC Electric Motor Market
- 8.2.4.5.1Spain AC Electric Motor Market by Sales Type
- 8.2.4.5.2Spain AC Electric Motor Market by Output Power
- 8.2.4.5.3Spain AC Electric Motor Market by End-Use
- 8.2.4.6Italy AC Electric Motor Market
- 8.2.4.6.1Italy AC Electric Motor Market by Sales Type
- 8.2.4.6.2Italy AC Electric Motor Market by Output Power
- 8.2.4.6.3Italy AC Electric Motor Market by End-Use
- 8.2.4.7Rest of Europe AC Electric Motor Market
- 8.2.4.7.1Rest of Europe AC Electric Motor Market by Sales Type
- 8.2.4.7.2Rest of Europe AC Electric Motor Market by Output Power
- 8.2.4.7.3Rest of Europe AC Electric Motor Market by End-Use
- 8.3Asia Pacific AC Electric Motor Market
- 8.3.1Asia Pacific AC Electric Motor Market by Sales Type
- 8.3.1.1Asia Pacific New Sales Market by Country
- 8.3.1.2Asia Pacific Aftermarket Market by Country
- 8.3.2Asia Pacific AC Electric Motor Market by Output Power
- 8.3.2.1Asia Pacific 1,000 HP up to 10,000 HP Market by Country
- 8.3.2.2Asia Pacific 10,000 HP up to 20,000 HP Market by Country
- 8.3.2.3Asia Pacific 20,000 HP up to 30,000 HP Market by Country
- 8.3.3Asia Pacific AC Electric Motor Market by End-Use
- 8.3.3.1Asia Pacific Industrial Machinery Market by Country
- 8.3.3.2Asia Pacific HVAC Market by Country
- 8.3.3.3Asia Pacific Transportation Market by Country
- 8.3.3.4Asia Pacific Others Market by Country
- 8.3.4Asia Pacific AC Electric Motor Market by Country
- 8.3.4.1China AC Electric Motor Market
- 8.3.4.1.1China AC Electric Motor Market by Sales Type
- 8.3.4.1.2China AC Electric Motor Market by Output Power
- 8.3.4.1.3China AC Electric Motor Market by End-Use
- 8.3.4.2Japan AC Electric Motor Market
- 8.3.4.2.1Japan AC Electric Motor Market by Sales Type
- 8.3.4.2.2Japan AC Electric Motor Market by Output Power
- 8.3.4.2.3Japan AC Electric Motor Market by End-Use
- 8.3.4.3India AC Electric Motor Market
- 8.3.4.3.1India AC Electric Motor Market by Sales Type
- 8.3.4.3.2India AC Electric Motor Market by Output Power
- 8.3.4.3.3India AC Electric Motor Market by End-Use
- 8.3.4.4South Korea AC Electric Motor Market
- 8.3.4.4.1South Korea AC Electric Motor Market by Sales Type
- 8.3.4.4.2South Korea AC Electric Motor Market by Output Power
- 8.3.4.4.3South Korea AC Electric Motor Market by End-Use
- 8.3.4.5Singapore AC Electric Motor Market
- 8.3.4.5.1Singapore AC Electric Motor Market by Sales Type
- 8.3.4.5.2Singapore AC Electric Motor Market by Output Power
- 8.3.4.5.3Singapore AC Electric Motor Market by End-Use
- 8.3.4.6Malaysia AC Electric Motor Market
- 8.3.4.6.1Malaysia AC Electric Motor Market by Sales Type
- 8.3.4.6.2Malaysia AC Electric Motor Market by Output Power
- 8.3.4.6.3Malaysia AC Electric Motor Market by End-Use
- 8.3.4.7Rest of Asia Pacific AC Electric Motor Market
- 8.3.4.7.1Rest of Asia Pacific AC Electric Motor Market by Sales Type
- 8.3.4.7.2Rest of Asia Pacific AC Electric Motor Market by Output Power
- 8.3.4.7.3Rest of Asia Pacific AC Electric Motor Market by End-Use
- 8.4LAMEA AC Electric Motor Market
- 8.4.1LAMEA AC Electric Motor Market by Sales Type
- 8.4.1.1LAMEA New Sales Market by Country
- 8.4.1.2LAMEA Aftermarket Market by Country
- 8.4.2LAMEA AC Electric Motor Market by Output Power
- 8.4.2.1LAMEA 1,000 HP up to 10,000 HP Market by Country
- 8.4.2.2LAMEA 10,000 HP up to 20,000 HP Market by Country
- 8.4.2.3LAMEA 20,000 HP up to 30,000 HP Market by Country
- 8.4.3LAMEA AC Electric Motor Market by End-Use
- 8.4.3.1LAMEA Industrial Machinery Market by Country
- 8.4.3.2LAMEA HVAC Market by Country
- 8.4.3.3LAMEA Transportation Market by Country
- 8.4.3.4LAMEA Others Market by Country
- 8.4.4LAMEA AC Electric Motor Market by Country
- 8.4.4.1Brazil AC Electric Motor Market
- 8.4.4.1.1Brazil AC Electric Motor Market by Sales Type
- 8.4.4.1.2Brazil AC Electric Motor Market by Output Power
- 8.4.4.1.3Brazil AC Electric Motor Market by End-Use
- 8.4.4.2Argentina AC Electric Motor Market
- 8.4.4.2.1Argentina AC Electric Motor Market by Sales Type
- 8.4.4.2.2Argentina AC Electric Motor Market by Output Power
- 8.4.4.2.3Argentina AC Electric Motor Market by End-Use
- 8.4.4.3UAE AC Electric Motor Market
- 8.4.4.3.1UAE AC Electric Motor Market by Sales Type
- 8.4.4.3.2UAE AC Electric Motor Market by Output Power
- 8.4.4.3.3UAE AC Electric Motor Market by End-Use
- 8.4.4.4Saudi Arabia AC Electric Motor Market
- 8.4.4.4.1Saudi Arabia AC Electric Motor Market by Sales Type
- 8.4.4.4.2Saudi Arabia AC Electric Motor Market by Output Power
- 8.4.4.4.3Saudi Arabia AC Electric Motor Market by End-Use
- 8.4.4.5South Africa AC Electric Motor Market
- 8.4.4.5.1South Africa AC Electric Motor Market by Sales Type
- 8.4.4.5.2South Africa AC Electric Motor Market by Output Power
- 8.4.4.5.3South Africa AC Electric Motor Market by End-Use
- 8.4.4.6Nigeria AC Electric Motor Market
- 8.4.4.6.1Nigeria AC Electric Motor Market by Sales Type
- 8.4.4.6.2Nigeria AC Electric Motor Market by Output Power
- 8.4.4.6.3Nigeria AC Electric Motor Market by End-Use
- 8.4.4.7Rest of LAMEA AC Electric Motor Market
- 8.4.4.7.1Rest of LAMEA AC Electric Motor Market by Sales Type
- 8.4.4.7.2Rest of LAMEA AC Electric Motor Market by Output Power
- 8.4.4.7.3Rest of LAMEA AC Electric Motor Market by End-Use
Chapter 9.Company Profiles
- 9.1WEG Equipamentos Eletricos SA
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Regional Analysis
- 9.1.4Recent strategies and developments:
- 9.1.4.1Partnerships, Collaborations, and Agreements:
- 9.1.4.2Product Launches and Product Expansions:
- 9.1.4.3Acquisition and Mergers:
- 9.1.5SWOT Analysis
- 9.2Toshiba Corporation
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research and Development Expense
- 9.2.5SWOT Analysis
- 9.3General Electric Company
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5SWOT Analysis
- 9.4Hitachi, Ltd.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5SWOT Analysis
- 9.5ABB Ltd.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
- 9.6Nidec Corporation
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5Recent strategies and developments:
- 9.6.5.1Product Launches and Product Expansions:
- 9.7Siemens AG
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5SWOT Analysis
- 9.8Kirloskar Electric Co. Ltd.
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental Analysis
- 9.9Schneider Electric SE
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5Recent strategies and developments:
- 9.9.5.1Partnerships, Collaborations, and Agreements:
- 9.9.6SWOT Analysis
- 9.10.Emerson Electric Co.
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5SWOT Analysis
Chapter 10.Winning imperatives of AC Electric Motor Market