An AC motor performs as the major component of
the electric motors is likely to fuel the requirement. The capability of the AC
type to drive at different speeds, along with the augmented dependability and
operational effectiveness of an equipment, is predicted to lead to an increase
in their acceptance throughout the forecasted period. Not only has this, many
of the players in this market are doing significant technological advancement
for increasing the operational efficiency and developed dependability at
reasonable price which further increase the demand and lead the effective
market growth along the handsome amount of share across the globe throughout
the forecasted period.
According to the report analysis, ‘Global
Electric AC Motors Market Size Study, by Type (Induction, Synchronous), by
Voltage (Fractional, Integral), by End-use (Transportation, Industrial, HVAC,
Motor Vehicles, Household), and Regional Forecasts, 2017-2025 (USD
Billion/Million)’ states that there are several key players which are
recently functioning in this sector more actively for leading the fastest
market growth and dominating the handsome amount of share across the globe
while removing the restraints and increasing the environmental concerns with
the significant increase in government initiatives concerning to environment
conservation includes Toshiba ABB ltd., Franklin Electric, Baldor Electric Co.,
Johnson Electric, Kirloskar Electric Co., Rockwell Automation Inc., ASMO Co.
ltd., AMETEK Inc., Mordor Intelligence and several others. Moreover, many of
the players in this market are benefitted with the developed strategies of
partnerships, joint ventures, mergers and acquisition, establishment of new and
innovative equipment and several others for acquiring the highest market share
during the short span of time and generating the high amount of money. Not only
has this, few of the focused players in this market are investigating the
profitable aspects of the market for investing the high amount of money which
further make the market more competitive and influence the coming investors and
existing players for developing the product efficiency.
The Global Electric AC Motors Market industry
valued approximately USD 79 billion in 2016 is anticipated to increase with a
vigorous growth rate of more than 7.17% over the forecast period of 2017-2025.
Moreover, the global market of electric AC motors is segmented into different
sectors which extensively involves type, voltage, end-use and region. On the
basis of type, the market is further segmented into synchronous and induction
while based on the voltage, the market is sectored into integral and
fractional. Furthermore, the sector of end use includes HAVC, industrial,
household, transportation and motor vehicles. With the effective market segmentation
and working of the players the market of electric AC motors is spread around
the globe such as North America, Europe, Asia Pacific, Latin America and Rest
of the World.
Although, the market of electric AC motors is
predicted to observe a substantial growth over the forecast period, due to
significant rise in the number of industries around the underdeveloped and
developed regions. The foremost factors fueling the growth are rising demand
for the Household appliances, and Industrial equipment such as fixed cranes and
conveyor belts. Therefore, it is anticipated that in the near future the market
of electric AC motors will increase around the globe more positively over the
recent few years.
For more information, click on the
link below:
Contact Us:
Ken Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249