Single-phase Asynchronous Motor Market size is estimated to be USD 8.5 Billion in 2024 and is expected to reach USD 12.3 Billion by 2033 at a CAGR of 4.5% from 2026 to 2033.
The global Single phase Asynchronous Motor market was valued at approximately USD 12.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period. The market growth is driven by rising demand in household appliances, industrial machinery, and HVAC systems. Increasing urbanization and industrial expansion, especially in developing regions, have contributed significantly to the markets expansion. North America accounted for around USD 3.1 billion, while Europe held a market size of roughly USD 2.9 billion. Asia Pacific dominated the market with a valuation of USD 4.8 billion due to strong manufacturing activities and increasing residential construction. The Middle East and Africa, though smaller in market size, showed promising growth potential with increasing adoption in agricultural equipment and small scale industries.
Emerging economies in Southeast Asia and Latin America are expected to present lucrative growth opportunities in the coming years, driven by infrastructure development and increased investment in energy efficient technologies. Demand for energy saving motors to reduce power consumption has further fueled market adoption. The adoption of single phase asynchronous motors in domestic appliances such as fans, washing machines, and air conditioners has been a key growth driver. Additionally, government incentives promoting energy efficiency and sustainable technologies have opened opportunities for market expansion. Innovations in motor design, including improved insulation systems and enhanced rotor efficiency, are expected to boost market growth across all major regions.
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A.O. Smith Corporation
Allied Motion Technologies
Franklin Electric
General Electric Company
HBD Industries Inc.
Mitsubishi Electric
Nidec Corporation
Regal Beloit Corporation
Bosch Rexroth
SEW-Eurodrive
YASKAWA
SEC Holding Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Single-phase Asynchronous Motor Market
Industrial Applications
Domestic Applications
Agricultural Applications
Capacitor Start Motors
Shaded Pole Motors
Split Phase Motors
Low Power Motors (Up to 1 HP)
Medium Power Motors (1 to 5 HP)
High Power Motors (Above 5 HP)
Residential Users
Commercial Users
Industrial Users
Direct Sales
Online Sales
Retail Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Single-phase Asynchronous Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Single-phase Asynchronous Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Single-phase Asynchronous Motor Market, By Type
6. Global Single-phase Asynchronous Motor Market, By Application
7. Global Single-phase Asynchronous Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Single-phase Asynchronous Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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