The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Electric AC Motors Market Share, Size, Trends, & Industry Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the Induction AC Motors segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
The increasing automation in various industrial processes, and use of electric AC motors in diverse applications such as healthcare, construction, automotive, and consumer goods among others is expected to support the market growth. Increasing use of electric AC motors in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include rising demand for household appliances, growing use in HVAC applications, and government support for development of high efficiency electric AC motors. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry during the forecast period.
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The different types of electric AC motors include induction AC motors, and synchronous AC motors. In 2018, the induction AC motors segment accounted for the highest share in the electric AC motors industry owing to the increasing demand from industries such as agriculture, paper & pulp, and chemicals. Some key features offered by induction AC motors include controlled acceleration, simplicity, low-cost, quiet, long-lasting, and low power demand on start, among others.
The well-known companies profiled in the electric AC motors market report include Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., Baldor Electric Company, Allied Motion Technologies Inc., Ametek Inc., Asmo Co. Ltd., Franklin Electric Co. Inc., and ABB Limited among others. These companies are consistently launching new products to enhance their offerings in the electric AC market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.
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Electric AC Motor Source Type Outlook (Revenue, USD Billion, 2015 – 2026)
- Induction AC Motors
- Synchronous AC Motors
Electric AC Motor Source End User Outlook (Revenue, USD Billion, 2015 – 2026)
- Automotive
- Agriculture
- Residential
- Commercial
- Industrial
- Others
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The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Electric AC Motors Market Share, Size, Trends, & Industry Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
In 2018, the Induction AC Motors segment dominated the global market, in terms of revenue.
Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
The well-known companies profiled in the electric AC motors market report include Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation, Inc., Baldor Electric Company, Allied Motion Technologies Inc., Ametek Inc., Asmo Co. Ltd., Franklin Electric Co. Inc., and ABB Limited among others.
These companies are consistently launching new products to enhance their offerings in the electric AC market.
The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Electric AC Motors Market Share, Size, Trends, & Industry Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry during the forecast period.
The increasing sale of passenger vehicles, coupled with high penetration of electric vehicles in countries such as China, and Japan increases the adoption of electric AC motors in the region.
In 2018, the induction AC motors segment accounted for the highest share in the electric AC motors industry owing to the increasing demand from industries such as agriculture, paper & pulp, and chemicals.
New York, NY 15 Feb 21: The global electric AC motors market is estimated to reach USD 166.5 billion by 2026 growing at a CAGR of 8.8% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Electric AC Motors Market Share, Size, Trends, & Industry Analysis Report, By Type (Induction AC Motors, Synchronous AC Motors); By Application (Automotive, Agriculture, Residential, Commercial, Industrial, Others); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.
Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the electric AC motors industry during the forecast period.
The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth.
The increasing sale of passenger vehicles, coupled with high penetration of electric vehicles in countries such as China, and Japan increases the adoption of electric AC motors in the region.
Global electric motors market is anticipated to reach over USD 157.4 billion by 2026 according to a new study published by Polaris Market Research.
The diverse applications of electric motors in majority of industries such as healthcare, construction, packaging, automotive, and consumer goods among others are expected to support the growth of this market.
However, high maintenance costs, and stringent regulations hampering the market growth.
Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
Electric vehicles are increasingly being used to restrict the emission of carbon, nitrogen, and other harmful compounds from gasoline and diesel vehicles.
Request a sample this report by clicking the link below:https://www.polarismarketresearch.com/industry-analysis/electric-motors-market/request-for-sample Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period.
New York, NY 10 May 2021: The global passenger drones market is estimated to reach USD 1,419.5 million by 2026 growing at a CAGR of 29.5% during the forecast period, according to a new study published by Polaris Market Research.
The report ‘Passenger Drones Market Share, Size, Trends, & Industry Analysis Report, By Component (Hardware, Software, Services); By Capacity (Less than 100 kg, More than 100 kg); By End-User (Personal, Commercial); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.
Europe was the leading contributor to the global market in 2018.Passenger Drones are move people for short to medium distances.
Not just daily commute, passenger drones can be of great significance in adversities and be used for rescue, search operations, emergency supply delivery or air ambulance.The growing need for cheaper, faster and cleaner transport is increasing the demand for transport alternatives.
Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.Europe generated the highest revenue in the market during 2017.
Presence of key players in the region, significant investments, and increasing technological innovation further support the market growth.The different components used in passenger drones include hardware, software, and services.
