North America Induction AC Electric Motor Market

North America Induction AC Electric Motor Market Size, Forecast 2022-2027

The new report by Expert Market Research titled, ‘North America Induction AC Electric Motor Market Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the North America induction AC electric motor market, assessing the market based on its segments like types, efficiency rating, speed, applications, and major countries.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

North America Induction AC Electric Motor Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

Market Overview (2017-2027)

• Historical Market Size (2021): USD 4.18 Billion
• Forecast CAGR (2022-2027): 13%
• Forecast Market Size (2027): USD 8.51 Billion

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Market Size in 2021USD 4.18 Billion
Revenue Forecast in 2027USD 8.51 Billion
Growth Rate CAGR13%
Major PlayersABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Emerson Electric Co., among others.

The increasing industries in the North American region, owing to rapid industrialisation and the use of induction AC electric motors, are driving the market for induction AC electric motors. The exceptional characteristics and benefits of it, such as low cost, saving of energy, reduction of noise, minimum maintenance, and high efficiency, and can be operated in harsh environments, are contributing to the augmentation of the market.

Moreover, the massive urbanisation in North America is leading to the utilisation of many modern-day appliances, which is bolstering the induction AC electric motors as many appliances, like washing machines, fans, mixers, high-speed vacuum cleaners use induction AC electric motors. The growing use of these motors in heating, ventilation, and air-cooling owing to the increasing purchasing power is also resulting in the incremental development of the industry. All these factors are providing significant impetus to the market.

North America Induction AC Electric Motor Industry Definition and Major Segments

The induction AC electric motor, also called asynchronous motor, uses electric current to produce torque. The torque is obtained from the electromagnetic induction from the magnetic field of the stator winding. It consists of a stator and rotor and is used for various purposes in household and commercial sectors.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/north-america-induction-ac-electric-motor-market

The induction AC electric motor industry, by type, can be segmented into:

• < 1 kV
• 1 kV – 6 kV
• > 6 kV

Based on efficiency rating, the market is divided into:

• IE1
• IE2
• IE3
• IE4

On the basis of speed, the market can be categorised into:

• Ultra-High-Speed Motors
• High-Speed Motors
• Medium Speed Motors
• Low Speed Motors

Based on application, the market can be classified into:

• Industrial
• Motor Vehicle
• HVAC
• Household
• Others

The regional markets for induction AC electric motor include the United States and Canada.

North America Induction AC Electric Motor Market Trends

The wide acceptance of these induction AC electric motors is leading many companies to launch efficient motors to escalate their market potential. The die-cast copper rotor motor technology by Siemens AG and Copper Development Association, Inc. entered the USA industrial ground. The companies incorporated high conductivity copper rotors into their motors, and it is a motor technology that provides high performance, reliability, and efficiency.

In addition, another company, Rockwell Automation, Inc., also offers industrial motors that are of high quality and can stand up to exceptional conditions such as low-speed high torque applications. The technological advancements and the investments made by the industry players are also expected to propel the induction AC electric motor industry in the forecast period.

Key Market Players

The major players in the market are:

  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Siemens AG
  • ARC Systems, Inc.
  • Emerson Electric Co.
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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By Michael Caine

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