AC Motors Market

According to a research report "AC Motors Market by Type (Induction, Synchronous), Voltage (3 kV-3.6 kV, 3.7-4.9 kV, 5 kV-7.2 kV, above 7.2 kV), Poles (2, 4, 6, 8, 10), Power Rating, End User and Region - Global Trends & Forecast to 2029" published by MarketsandMarkets, the AC motors market is projected to reach USD 6.60 billion by 2029 from an estimated USD 4.60 billion in 2024, at a CAGR of 7.5% during the forecast period (2024–2029).

Browse 269 market data Tables and 65 Figures spread through 286 Pages and in-depth TOC on "AC Motors Market by Type (Induction, Synchronous), Voltage (3 kV-3.6 kV, 3.7-4.9 kV, 5 kV-7.2 kV, above 7.2 kV), Poles (2, 4, 6, 8, 10), Power Rating, End User and Region - Global Trends & Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ac-motors-market-3472909.html

Industrial growth, rapid urbanization, and increased usage in HVAC systems, water treatment, and manufacturing activities are driving the demand for AC motors. The industries located in China, India, and Japan require AC motors for efficient operation, power pumps, fans, and compressors.

4 poles segment by poles, is expected to be the largest poles segment of AC motors market during the forecast period

The 4-pole AC motor is the largest part of the AC motor market because it is versatile, energy-efficient, and has a lot of applications in various types of industries such as HVAC, pumps, and compressors. The motors work at constant speeds (1500 RPM at 50 Hz or 1800 RPM at 60 Hz) and have constant operations. Their balance of torque and speed also caters for heavy-duty and precision work, making them widely used in industries.

500-900 kW segment by power rating, is expected to be the largest segment for AC motors market during forecast period

This segment is largely the largest consumer of 500–900 kW-rated power due to its immense applications in heavy industries, like power generation, mining, and oil and gas. Such motors perfectly fit the high-power requirement of heavy operations while remaining highly efficient for demanding operations. Further, the trend in increasing application of automation and energy efficiency in processes of industry creates the need for these motors in the mentioned power range. They are a popular option in many industries due to their adaptability and dependability in managing demanding applications, which greatly contributes to their market domination.

Asia Pacific is expected to be the fastest region in the AC motors market during the forecast period

The reason for the fast growth of the AC motor market is the fast industrialization and urbanization within the Asia Pacific region, especially within the developing countries of China and India. The rising manufacturing sector, changing infrastructure, and the ever-increasing trend of employing energy-efficient technology are a few reasons why the need for AC motors is arising. Increasing usage of electric automobiles and HVAC systems is yet another reason contributing to its growth. The trend of AC motors in the region is further boosted by favorable government policies toward renewable energy projects and industrial automation.

The report profiles key players such as ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil) and NIDEC (Japan).

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