Global Low Voltage AC Motor Market Insights, Forecast to 2028

An AC motor is an electric motor driven by an alternating current (AC). The AC motor commonly consists of two basic parts, an outside stator having coils supplied with alternating current to produce a rotating magnetic field, and an inside rotor attached to the output shaft producing a second rotating magnetic field. The rotor magnetic field may be produced by permanent magnets, reluctance saliency, or DC or AC electrical windings.
Market Analysis and Insights: Global Low Voltage AC Motor Market
Due to the COVID-19 pandemic, the global Low Voltage AC Motor market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Synchronous Motors accounting for % of the Low Voltage AC Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Water Pump segment is altered to an % CAGR throughout this forecast period.
China Low Voltage AC Motor market size is valued at US$ million in 2021, while the US and Europe Low Voltage AC Motor are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Low Voltage AC Motor landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Low Voltage AC Motor include ABB, Siemens, Brook Crompton, Regal Beloit, TMEIC, Nidec Corp, Yaskawa, Lenze and WEG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Low Voltage AC Motor capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Low Voltage AC Motor by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Low Voltage AC Motor Scope and Segment
Low Voltage AC Motor market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Low Voltage AC Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Synchronous Motors
Induction Motors
Segment by Application
Water Pump
Machine Tool
Train
Compressor
Ventilator
Others
By Company
ABB
Siemens
Brook Crompton
Regal Beloit
TMEIC
Nidec Corp
Yaskawa
Lenze
WEG
Sicme Motori
T-T Electric
Wolong Electric
Haerbin Electric
Changsha Motor Factory
Tellhow Shenyang Electric Machine
XEMC
Yongji Xinshisu Electric Equipment
Shanghai Electric Group
Jiangsu Dazhong
Nanyang Explosion Protection Group
Simo Motor
SEC Electric Machinery
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E