How big is the AC Motor Market?

The AC Motor Market size is expected to reach USD 17.67 billion in 2024 and grow at a CAGR of 3.51% to reach USD 21 billion by 2029. Read More

What is the current AC Motor Market size?

In 2024, the AC Motor Market size is expected to reach USD 17.67 billion. Read More

Who are the key players in AC Motor Market?

Rockwell Automation Inc., Siemens AG, Johnson Electric, Nidec Corporation and ABB Ltd. are the major companies operating in the AC Motor Market. Read More

Which is the fastest growing region in AC Motor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AC Motor Market?

In 2024, the North America accounts for the largest market share in AC Motor Market. Read More

What years does this AC Motor Market cover, and what was the market size in 2023?

In 2023, the AC Motor Market size was estimated at USD 17.05 billion. The report covers the AC Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AC Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AC Motor Market Size & Share Analysis - Industry Research Report

Global Alternating Current (AC) Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Alternating Current (AC) Motor Market Report is Segmented by Induction AC Motors (Single Phase and Poly Phase), Synchronous AC Motors (DC Excited Rotor, Permanent Magnet, Hysteresis Motor, and Reluctance Motor), End-User Industry (Oil and Gas, Chemical and Petrochemical, Power Generation, Water and Wastewater, Metal and Mining, Food and Beverage, Discrete Industries, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

AC Motor Industry Overview

The alternating current (AC) motor market is highly fragmented, with major players like Rockwell Automation Inc., Siemens AG, Johnson Electric, Nidec Corporation, and ABB Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2024 - ABB unveiled an advanced package for electric buses featuring the AMXE250 motor and HES580 inverter. This integrated propulsion system is engineered to enhance efficiency, reliability, and availability, setting a new standard for sustainable transportation solutions.
May 2024 - KPS Capital Partners LP, through a newly established affiliate, entered into a definitive agreement to acquire Innomotics GmbH from Siemens AG for an enterprise value of EUR 3.5 billion.