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Europe AC Electric Motor Market Size, Share & Trends Analysis Report By Sales Type (New Sales, and Aftermarket), By Output Power, By End-Use (Industrial Machinery, HVAC, Transportation, and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 123 Pages
  • March 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953738
The Europe AC Electric Motor Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030).

The Germany market dominated the Europe AC Electric Motor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,170 Million by 2030. The UK market is exhibiting a CAGR of 3.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5% during (2023 - 2030).



AC motors offer advantages such as high torque, regenerative braking, and simplified drivetrain architecture, making them ideal for automotive propulsion systems. As automakers transition away from internal combustion engines towards electrified powertrains, the adoption of AC motors in EVs is expected to grow rapidly. Integrating smart technologies and IoT (internet of things) capabilities into AC motor systems has opened up opportunities for efficiency optimization, predictive maintenance, and remote monitoring. Smart motors with sensors, connectivity features, and advanced analytics enable real-time performance monitoring, fault detection, and condition-based maintenance, improving reliability and uptime.

It spans various applications in various industries and sectors, owing to their versatility, efficiency, and reliability. For example, AC motors are extensively utilized in manufacturing industries to power various machinery and equipment. They drive conveyor belts, assembly lines, robotic arms, machining tools, injection molding machines, and other industrial processes. AC motors offer precise control over speed and torque, enabling smooth and efficient production operations across automotive, electronics, pharmaceuticals, and consumer goods sectors.

The expansion of the automotive industry in Italy creates opportunities for domestic manufacturing of AC electric motors and related components. As per the ITA, the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 7,82,629 vehicles, 4,86,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 13,35,487 new cars, 9.5% fewer than in the prior year, were registered in 2022. As the automotive industry in Italy continues to modernize and upgrade vehicle features, there is a sustained demand for AC motors to power these auxiliary systems and accessories. Thus, the increasing automotive sector and rising smart manufacturing in the region propel the market’s growth.

Based on Sales Type, the market is segmented into New Sales, and Aftermarket. Based on Output Power, the market is segmented into 1,000 HP up to 10,000 HP, 10,000 HP up to 20,000 HP, and 20,000 HP up to 30,000 HP. Based on End-Use, the market is segmented into Industrial Machinery, HVAC, Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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.

Market Report Segmentation

By Sales Type
  • New Sales
  • Aftermarket
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 Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe AC Electric Motor Market, by Sales Type
1.4.2 Europe AC Electric Motor Market, by Output Power
1.4.3 Europe AC Electric Motor Market, by End Use
1.4.4 Europe AC Electric Motor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in AC Electric Motor Market
Chapter 5. Europe AC Electric Motor Market by Sales Type
5.1 Europe New Sales Market by Country
5.2 Europe Aftermarket Market by Country
Chapter 6. Europe AC Electric Motor Market by Output Power
6.1 Europe 1,000 HP up to 10,000 HP Market by Country
6.2 Europe 10,000 HP up to 20,000 HP Market by Country
6.3 Europe 20,000 HP up to 30,000 HP Market by Country
Chapter 7. Europe AC Electric Motor Market by End-Use
7.1 Europe Industrial Machinery Market by Country
7.2 Europe HVAC Market by Country
7.3 Europe Transportation Market by Country
7.4 Europe Others Market by Country
Chapter 8. Europe AC Electric Motor Market by Country
8.1 Germany AC Electric Motor Market
8.1.1 Germany AC Electric Motor Market by Sales Type
8.1.2 Germany AC Electric Motor Market by Output Power
8.1.3 Germany AC Electric Motor Market by End-Use
8.2 UK AC Electric Motor Market
8.2.1 UK AC Electric Motor Market by Sales Type
8.2.2 UK AC Electric Motor Market by Output Power
8.2.3 UK AC Electric Motor Market by End-Use
8.3 France AC Electric Motor Market
8.3.1 France AC Electric Motor Market by Sales Type
8.3.2 France AC Electric Motor Market by Output Power
8.3.3 France AC Electric Motor Market by End-Use
8.4 Russia AC Electric Motor Market
8.4.1 Russia AC Electric Motor Market by Sales Type
8.4.2 Russia AC Electric Motor Market by Output Power
8.4.3 Russia AC Electric Motor Market by End-Use
8.5 Spain AC Electric Motor Market
8.5.1 Spain AC Electric Motor Market by Sales Type
8.5.2 Spain AC Electric Motor Market by Output Power
8.5.3 Spain AC Electric Motor Market by End-Use
8.6 Italy AC Electric Motor Market
8.6.1 Italy AC Electric Motor Market by Sales Type
8.6.2 Italy AC Electric Motor Market by Output Power
8.6.3 Italy AC Electric Motor Market by End-Use
8.7 Rest of Europe AC Electric Motor Market
8.7.1 Rest of Europe AC Electric Motor Market by Sales Type
8.7.2 Rest of Europe AC Electric Motor Market by Output Power
8.7.3 Rest of Europe AC Electric Motor Market by End-Use
Chapter 9. Company Profiles
9.1 WEG Equipamentos Eletricos SA
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.4.3 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 Toshiba Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research and Development Expense
9.2.5 SWOT Analysis
9.3 General Electric Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Hitachi, Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 ABB Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Nidec Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 Siemens AG
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Kirloskar Electric Co. Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.9 Schneider Electric SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Emerson Electric Co.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis

Companies Mentioned

  • 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.

Methodology

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