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Electric AC Motors Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast By 2025 | Grand View Research Inc.

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Electric AC Motors Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast By 2025 | Grand View Research Inc.

August 25
10:06 2021
Electric AC Motors Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast By 2025  | Grand View Research Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the escalating demand for HVAC systems is subsequently projected to increase the demand for AC motors from 2018-2025

The global electric AC motors market size is expected to reach USD 146.6 billion by 2025, at a CAGR of 7.3% according to a new report by Grand View Research, Inc. These products are widely used in compressors, fixed cranes, diesel electric engines, and domestic appliances. Their key advantages, such as cost-effectiveness and efficient operation in harsh environments, are making them suitable for a variety of applications. These high-efficiency products are likely to witness huge growth, owing to their low maintenance requirements, long operating life, and low power consumption.

The rising global demand for AC motors-driven engines is also spurring the market growth. Furthermore, factors, such as growing demand for HVAC equipment and industrial machinery, are projected to propel the market demand by 2025. AC motors have undergone numerous technological advancements over the past few years, which have resulted in increased demand for these motors.

The market is anticipated to witness substantial growth over the forecast period, owing to the rising number of industries across developed and developing countries. The market is further driven by the extensive adoption of these products in diverse industrial equipment such as fixed cranes, conveyor belts, electric saw, and so on.

The ever-rising fuel prices and mounting need among consumers for using cleaner sources of energy has driven the market growth for electric motors in the recent years. An AC motor acts as the key component of electric motors is likely to drive the demand. Furthermore, increasing environmental concerns and rising government initiatives pertaining to environment conservation continue to be the key drivers of the market growth.

HVAC systems are largely employed in various places such as commercial spaces, offices, and shopping malls. The growing rate of urbanization and enhanced standard of living have led to the large-scale installation of HVAC systems. AC motors are used in HVAC equipment to power air blowers that regulate air flow.

The ability of AC type to operate at different speeds, along with the increased dependability and operational efficiency of an equipment, is anticipated to lead to an increase in their adoption over the forecast period.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/electric-ac-motors-market

Electric AC Motors Market Report Highlights        

 The electric AC motors market was valued at USD 78.6 billion in 2016 and is predicted to grow at a CAGR of 7.3% over the forecast period, which can be attributed to their growing adoption in HVAC equipment and industrial machinery

 The induction segment captured a major market share in 2016, owing to factors such as sturdy construction, low maintenance, and efficient operation in unfavorable environments

 The increasing utilization of motors with integral HP output in hybrid electric vehicles is expected to boost the market prospects of the segment

 AC motors are broadly adopted in the industrial machinery sector, owing to their benefits such as robust functioning and safe operations

 The Asia Pacific region is projected to witness substantial growth with a CAGR exceeding 8% over the forecast period, owing to the increasing commercialization and industrialization in the developing economies such as China, India, and Japan

 The key players, such as ABB Ltd., Toshiba, Baldor Electric Co., and Siemens AG, dominated the market in 2016 and focus on increasing market presence through mergers and acquisitions.

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Electric AC Motors Market Segmentation

Grand View Research has segmented the global electric AC motors market based on types, voltage, end uses, and regions:

Type Outlook (Revenue, USD Billion, 2014 – 2025)

     Synchronous AC Motors
    Induction AC Motors

Voltage Outlook (Revenue, USD Billion; 2014 – 2025)                                               

     Integral HP Output
    Fractional HP Output

End Use Outlook (Revenue, USD Billion; 2014 – 2025)

     Industrial Machinery
    Motor Vehicles
     HVAC Equipment
     Aerospace & Transportation
     Household Appliances
     Others

Regional Outlook (Revenue, USD Billion; 2014 – 2025)                                                

     North America
        • U.S.
        • Canada
     Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
     Middle East & Africa

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/4846/ibb

Browse More Related Report:

Medium And High Power Motors Market Analysis By Product (AC Motor, DC Motor), By Voltage (Medium, High), By Application (Automotive, HVAC Equipment, Industrial Machinery, Aerospace & Transportation, Commercial) And Segment Forecasts To 2022

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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