Global Electric AC Motors Market to Reach $248.4 Billion by 2030
The global market for Electric AC Motors estimated at US$123.7 Billion in the year 2022, is projected to reach a revised size of US$248.4 Billion by 2030, growing at a CAGR of 9.1% over the analysis period 2022-2030. Induction AC Motors, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$161.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Synchronous AC Motors segment is readjusted to a revised 9.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $33.7 Billion, While China is Forecast to Grow at 13.7% CAGR
The Electric AC Motors market in the U.S. is estimated at US$33.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$58 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 7.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.Select Competitors (Total 18 Featured) -
- ABB Limited
- Allied Motion Technologies Inc.
- Ametek Inc.
- Asmo Co. Ltd.
- Baldor Electric Company Inc.
- Franklin Electric Co. Inc.
- Johnson Electric
- Kirloskar Electric Company
- Rockwell Automation Inc.
- Siemens AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Limited
- Allied Motion Technologies Inc.
- Ametek Inc.
- Asmo Co. Ltd.
- Baldor Electric Company Inc.
- Franklin Electric Co. Inc.
- Johnson Electric
- Kirloskar Electric Company
- Rockwell Automation Inc.
- Siemens AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 81 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 123.7 Billion |
Forecasted Market Value ( USD | $ 248.4 Billion |
Compound Annual Growth Rate | 9.1% |
Regions Covered | Global |