Germany AC Motor Market Size & Share Analysis - Growth, Trends, and Forecast (2024 - 2029)

The German Alternating Current (AC) Motor Market Report is Segmented by Type (Induction AC Motors [Single Phase and Poly Phase] and Synchronous AC Motors [DC Excited Rotor, Permanent Magnet, Hysteresis Motor, Reluctance Motor]), End-User Industry (Oil and Gas, Chemical and Petrochemical, Power Generation, Water and Wastewater, Metal and Mining, Food and Beverages, and Discrete Industries). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Germany AC Motor Market Size & Share Analysis - Growth, Trends, and Forecast (2024 - 2029)

Germany AC Motor Industry Overview

The German AC motor market is competitive with various large, medium, and small players. The United States AC motors industry players are introducing new innovative products to cater to the growing consumer demands. Major players in the market include Siemens AG, Nidec Corporation, WEG Germany GmbH, TECO Electric Europe Ltd, and ABB Limited. Technological advances in various industries, including healthcare, energy, and infrastructure, will boost the market growth.

In September 2023, WEG announced the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, a global manufacturer of electromechanical equipment. The acquisition will support the ongoing growth of the WEG Group in the industrial electric motors and generators markets by incorporating recognized brands and a product line that complements the Group's current portfolio.

In July 2023, Siemens AG announced that it would invest EUR 1 billion (USD 1.10 billion) in Germany to boost the country's innovative strength. Through this investment, the company will expand its development and manufacturing capacities, further enabling Siemens to accelerate its overall growth, drive innovation, and increase its resilience.

Germany AC Motor Market Leaders

  1. ABB Ltd.

  2. Siemens AG

  3. Nidec Corporation

  4. Teco Electric Europe Ltd.

  5. WEG Germany GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Germany AC Motor Market Concentration