AC Synchronous Motor Market size was valued at USD 5.2 Billion in 2024 and is forecasted to grow at a CAGR of 5.1% from 2026 to 2033, reaching USD 8.1 Billion by 2033.
The global AC synchronous motor market demonstrated significant growth in 2022, achieving a valuation of approximately USD 15.7 billion. This robust expansion is primarily attributed to the escalating demand for energy efficient motors across various industrial applications, coupled with advancements in motor technologies. The market is projected to continue its upward trajectory, with forecasts indicating a Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2032, potentially reaching around USD 28.6 billion by the end of the forecast period.
Regionally, the Asia Pacific (APAC) region emerged as a dominant force in the AC synchronous motor market in 2022, driven by rapid industrialization and infrastructural developments in countries such as China, Japan, and India. The increasing adoption of energy efficient technologies and the presence of a large number of manufacturing facilities further bolster the market in this region. The market in APAC is projected to grow at a CAGR of approximately 9%, driven by these favorable factors. North America and Europe also held substantial market shares, fueled by the early adoption of advanced technologies and stringent energy efficiency regulations. In North America, the market is driven by the increasing demand for energy efficient solutions in industries such as manufacturing and automotive. The presence of key market players and the growing focus on industrial automation are further propelling the market growth in this region.
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ABB
Siemens
General Electric
Rockwell Automation
Toshiba
WEG
Bosch
Johnson Electric
Hitachi
Emerson Electric
Nidec
Arc Systems
AMETEK
Regal Beloit
Franklin Electric
Allied Motion
Maxon Motor
TECO Westinghouse
Dumore Corporation
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 AC Synchronous Motor Market
Classic AC Synchronous Motors
Permanent Magnet Synchronous Motors (PMSM)
Brushless Synchronous Motors
Reluctance Synchronous Motors
Industrial Applications
Commercial Applications
Transportation
Variable Speed Drives
Fixed Speed Drives
Low Power (< 1 kW)
Medium Power (1 kW - 100 kW)
High Power (> 100 kW)
Original Equipment Manufacturers (OEMs)
Aftermarket Users
Energy Service Companies (ESCOs)
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 AC Synchronous 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 AC Synchronous Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global AC Synchronous Motor Market, By Type
6. Global AC Synchronous Motor Market, By Application
7. Global AC Synchronous Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global AC Synchronous Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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