The Ultimate Guide to AC Electric Motor Market growing at a CAGR of 4.7% from 2023 to 2032

AC Electric Motor Market: Future Growth Opportunities
Allied Market Research recently published a report projecting that the AC electric motor market will reach $27.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.7% from $17.5 billion in 2022. The report provides comprehensive insights into market dynamics, segmentation, recent trends, and competitive scenarios.

Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/A31691

Market Dynamics
The report offers an in-depth analysis of the factors driving growth, potential restraints, and opportunities in the AC electric motor market. It highlights the competitive landscape at both global and domestic levels using analytical tools like Porter's Five Forces.

Key growth drivers include:

Reliability and Energy Efficiency: AC electric motors are valued for their robust monitoring and speed-control capabilities, which enhance operational efficiency.
Adoption in Onshore Oil and Gas Industry: AC motors are increasingly used due to their durability and performance in varied environmental conditions.
Electric Vehicle Growth: The rise in electric vehicle production, with around 85 million motor vehicles manufactured recently, has significantly increased demand for AC motors.
The report also identifies opportunities in robotics and automated technologies, supported by government funding initiatives and innovative solutions.

Segmentation Analysis
The AC electric motor market is segmented by end-user industry, output power, and sales type:

End-User Industry: Industrial machinery, automobile, HVAC, and others.
Output Power: 10000 hp to 20000 hp, 20000 hp to 30000 hp, and 1000 hp to 10000 hp.
Sales Type: After-sales and new.
Regional Insights
The report provides a detailed regional analysis, covering markets in Asia-Pacific, North America, Europe, and LAMEA. It highlights the fastest-growing and highest revenue-generating segments and regions, predicting the best performers throughout the forecast period.

Strategic Moves by Key Players
ABB: In August 2022, ABB acquired Siemens' low-voltage NEMA motor business, expanding its product portfolio and consumer base in North America.
WEG: In July 2022, WEG introduced the W12 electric motor for high-performance industrial applications. In September 2023, WEG acquired Regal Rexnord Corporation's electric motor business, driving further market growth.
Tesla: Demonstrated that electric vehicles can match internal combustion engine vehicles in maintenance, performance, and cost, with claims of superior acceleration and power.
Competitive Scenario
The report extensively profiles leading companies in the AC electric motor market, examining their performances and strategic initiatives to maintain competitiveness.

Full Report: https://www.alliedmarketresearch.com/ac-electric-motor-market-A31691

Key Players Include:

Cantoni Group
Hitachi
ABB Ltd
General Electric
SEC Electric Machinery Co., Ltd
Teco
Weg
Siemens
Toshiba
Nidec
Key Questions Addressed
How can a sample of the global AC electric motor market be obtained?
Which top companies hold shares in the global AC electric motor market?
What is the forecast period for the global AC electric motor market?
How are company profiles selected for the report?

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