How big is the Japan AC Motor Market?

The Japan AC Motor Market size is expected to reach USD 1.15 billion in 2024 and grow at a CAGR of 3.69% to reach USD 1.29 billion by 2029. Read More

What is the current Japan AC Motor Market size?

In 2024, the Japan AC Motor Market size is expected to reach USD 1.15 billion. Read More

Who are the key players in Japan AC Motor Market?

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

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

In 2023, the Japan AC Motor Market size was estimated at USD 1.11 billion. The report covers the Japan AC Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Japan AC Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Japan AC Motor Market Size & Share Analysis - Industry Research Report

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

The Japanese 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, and Reluctance Motor]) and 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).

Japan AC Motor Industry Overview

The Japanese AC motor market is competitive with various large, medium, and small players. The Japanese AC motors industry players are introducing new innovative products to cater to 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 May 2024, Regal Rexnord announced that the LEESON brand would be extended significantly by adding NEMA AC induction motors smaller than 182T in height to the LEESON product family.

In March 2024, ABB announced that a set of AC motors have higher efficiencies to combat growing concerns. According to the company, ABB BaldorReliance SP4 motors are a drop-in replacement of traditional AC induction motors but have increased efficiency by 20%. These performance gains can be achieved via direct online operation without a variable speed drive. However, ABB claims they are even more significant combined with an engine.