ACモーター市場 – 2029年までの世界動向と予測

AC Motors Market - Global Forecast To 2029

ACモーター市場 - タイプ (誘導、同期)、電圧 (3 kV ~ 3.6 kV、3.7 ~ 4.9 kV、5 kV ~ 7.2 kV、7.2 kV 以上)、極数 (2、4、6、8、10)、定格電力、エンド ユーザーおよび地域別 - 2029年までの世界動向と予測
AC Motors Market by Type (Induction, Synchronous), Voltage (3 kV-3.6 kV, 3.7-4.9 kV, 5 kV-7.2 kV, above 7.2 kV), Poles (2, 4, 6, 8, 10), Power Rating, End User and Region - Global Trends & Forecast to 2029

商品番号 : SMB-71488

出版社MarketsandMarkets
出版年月2024年12月
ページ数287
図表数334
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The AC motors market is projected to reach USD 6.60 billion by 2029 from an estimated USD 4.60 billion in 2024, at a CAGR of 7.5% during the forecast period (2024–2029).

ACモーター市場は、2024年の推定46億米ドルから2029年までに66億米ドルに達すると予測されており、予測期間(2024年から2029年)中のCAGRは7.5%です。

The demand for AC motors is growing because there has been an increased number of applications in industries such as HVAC, manufacturing, oil & gas, and water and wastewater treatment. Their performance, durability, and resistance to automation make them useful for smart manufacturing. Rapid growth in infrastructure projects along with energy-efficient systems and transformation into renewable energy sources also increases use for applications requiring precise and reliable control.

HVAC、製造、石油・ガス、上下水処理などの業界での用途が増加しているため、AC モーターの需要が高まっています。パフォーマンス、耐久性、自動化への耐性により、スマート製造に役立ちます。エネルギー効率の高いシステムや再生可能エネルギー源への転換に伴うインフラプロジェクトの急速な成長により、正確で信頼性の高い制御を必要とするアプリケーションでの使用も増加しています。

ACモーター市場 - 2029年までの世界動向と予測
ac-motors-market

“Induction motor is expected to grow as the largest segment during the forecast period.”

Induction motors are the strongest growing segment of AC motors because of their rugged nature, low maintenance, and all-around applications. They thrive well under changing climatic conditions and are commonly implemented in industries such as HVAC, manufacturing, and renewable energy. Electrification of transportation modes and infrastructure modernization adds to their demand. Induction motors are less costly and versatile to meet high and low speeds with many loads. This is suitable for industrial and consumer markets and has the potential for achieving lower greenhouse gas emissions by being in line with broader global sustainability goals.

“Power segment is expected to emerge as the largest segment by application.”

The power segment is growing the fastest within AC motors due to the growing demand for electricity driven by industrialization, urbanization, and the integration of renewable energy. It is critical for the successful operation of the power generation, transmission, and distribution systems. In turbines and compressors, AC motors handle heavy-duty equipment operations, delivering efficiency in their work. Coupled with the rising demand in power loads and motor durability and efficiency improvements, their trend is set to suit the global shift toward energy optimization. Further, with the increasing investment in smart grids and electrification projects also drives this segment forward.

“China to grow at the highest CAGR for Asia Pacific AC motors market.”

China represents one of the fastest-growing AC motor markets, based on its strong manufacturing industry- it accounts for the largest worldwide. China also benefits rapidly from Industry 4.0 technologies. The drive by this country to automate processes and invest more in smart factories has hugely created an influence on the demand of the AC motors in the industries. Moreover, its efforts for renewable energy and electrical vehicle use are further increasing growth among the power and automobile markets. Low production costs together with government initiatives to update infrastructures and a booming market in exports have cemented leadership status for China in AC motor industry.

ACモーター市場 - 2029年までの世界動向と予測 region
ac-motors-market-region

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
  • By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%
  • By Region: North America- 18%, Europe- 8%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 4%

Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

ACモーター市場 - 2029年までの世界動向と予測 ecosystem
ac-motors-market-ecosystem

ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), and NIDEC (Japan) are some of the key players in the AC motors market.

The study includes an in-depth competitive analysis of these key players in the AC motors market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the AC motors market by Type (Induction motors and Synchronou motors), By Power Rating (500 – 900 kW; 900 – 1,200 kW; 1,200 – 5,000 kW; 5,000 – 9,000 kW; 9,000 – 12,000 kW; 12,000 – 15,000 kW; 15,000 – 25,000 kW; Above 25,000 kW), By Voltage (3 kV to 3.6 kV, 3.7 kV to 4.9 kV, 5 kV to 7.2 kV and Above 7.2 kV), By Poles (2 poles, 4 poles, 6 poles, 8 poles, 10 poles, others) By End User (Steel & metals, Mining, Oil & gas, Water & wastewater treatment, Power, Marine and shipbuilding, Petrochemicals, Automotive manufacturing, and Others) and By Region (North America, South America, Europe, Asia Pacific, and Middle east & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AC motors market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, investment, divestment, new product & service launches, and recent developments associated with the AC motors market. Competitive analysis of upcoming startups in the AC motors market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (burgeoning steel industry is propagating the induction motors growth, global commitment to decarbonization are creating unprecedented demand for induction & synchronous motors and growing demand in manufacturing industries), restraints (increase in maintenance cost of systems after implementation of induction and synchronous motors and implementation of stringent regulatory standards), opportunities (transition of automotive industry toward electric vehicles and growth of adoption in the oil & gas industry), and challenges (thermal, insulation and mechanical issues are causing a hinderance in high voltage induction motors and shortage of components and supply chain issues) influences the growth of the ac motors market.
  • Product Development/ Innovation: GE Vernova, GE’s portfolio of energy businesses, announced a significant investment of over USD 450 million in U.S. manufacturing for 2023. This investment aims to enhance capacity, upgrade facilities, and improve production processes. For motors specifically, the investment supports the development and manufacturing of advanced motor technologies, ensuring higher efficiency and reliability. These improvements are expected to boost GE Vernova’s competitive edge in the energy sector, particularly in renewable energy and power generation applications.
  • Market Development: The development of AC motors are moving towards greater efficiency and power generation. Favorable government policies in carbon emission reduction, increasing demand for AC motors in industrial sectors, create AC motors market growth.
  • Market Diversification: The deal indicates that GE Vernova’s Power Conversion business is advancing its role in the naval sector by supplying integrated full-electric propulsion systems for the Republic of Singapore Navy’s Multi-Role Combat Vessel program. This collaboration highlights GE Vernova’s capabilities in providing cutting-edge energy conversion technologies, reinforcing its commitment to innovative solutions in maritime applications, and enhancing energy efficiency and operational performance for naval fleets.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Siemens (Germany), GE Vernova (US), WEG (Brazil), NIDEC (Japan) among others in the AC motors market.

Table of Contents

1               INTRODUCTION              25

1.1           STUDY OBJECTIVES       25

1.2           MARKET DEFINITION   25

1.3           STUDY SCOPE   26

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      26

1.3.2        INCLUSIONS AND EXCLUSIONS 27

1.3.3        YEARS CONSIDERED      28

1.4           LIMITATIONS    28

1.5           UNIT CONSIDERED        28

1.6           CURRENCY CONSIDERED            28

1.7           STAKEHOLDERS               29

1.8           SUMMARY OF CHANGES               29

2               RESEARCH METHODOLOGY       30

2.1           RESEARCH DATA              30

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 31

2.2.1        SECONDARY AND PRIMARY RESEARCH 32

2.2.2        SECONDARY DATA          32

2.2.2.1    Key data derived from secondary sources         32

2.2.2.2    List of major secondary sources         33

2.2.3        PRIMARY DATA 33

2.2.3.1    Key data derived from primary sources             33

2.2.3.2    Key industry insights           34

2.2.3.3    Major participants in primary interviews          34

2.2.3.4    Breakdown of primaries      35

2.3           MARKET SIZE ESTIMATION METHODOLOGY     36

2.3.1        BOTTOM-UP APPROACH              36

2.3.1.1    Demand-side analysis          37

2.3.1.2    Regional analysis  37

2.3.1.3    Country-level analysis          38

2.3.1.4    Demand-side assumptions 38

2.3.1.5    Demand-side calculations   38

2.3.2        TOP-DOWN APPROACH                39

2.3.3        SUPPLY-SIDE ANALYSIS                 40

2.3.3.1    Supply-side assumptions     41

2.3.3.2    Supply-side calculations      41

2.3.4        FORECAST ASSUMPTIONS           41

2.4           RISK ANALYSIS  41

2.5           RESEARCH ASSUMPTIONS           42

2.6           RESEARCH LIMITATIONS             42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       49

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AC MOTOR MARKET              49

4.2           AC MOTOR MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY            50

4.3           AC MOTOR MARKET, BY TYPE   50

4.4           AC MOTOR MARKET, BY VOLTAGE          51

4.5           AC MOTOR MARKET, BY POWER RATING              51

4.6           AC MOTOR MARKET, BY POLE  52

4.7           AC MOTOR MARKET, BY END USER         52

5               MARKET OVERVIEW       53

5.1           INTRODUCTION              53

5.2           MARKET DYNAMICS       53

5.2.1        DRIVERS               54

5.2.1.1    International initiatives focused on decarbonizing steel industry                 54

5.2.1.2    Global transition toward clean energy to reduce carbon emissions                 55

5.2.1.3    Rapid industrialization and increasing adoption of smart technology              56

5.2.2        RESTRAINTS      56

5.2.2.1    Need for regular maintenance despite high cost              56

5.2.2.2    Requirement to comply with stringent regulatory standards                 57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Rising demand for electric vehicles   57

5.2.3.2    Growing adoption of AC motors in oil & gas sector        58

5.2.4        CHALLENGES    59

5.2.4.1    Thermal, insulation, and mechanical issues in high-voltage induction motors  59

5.2.4.2    Supply chain issues               59

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.4           PRICING ANALYSIS          61

5.4.1        AVERAGE SELLING PRICE TREND OF AC MOTORS,  BY POWER RATING, 2021–2023           61

5.4.2        AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION,  2021–2023        62

5.5           VALUE CHAIN ANALYSIS               63

5.6           ECOSYSTEM ANALYSIS  64

5.7           INVESTMENT AND FUNDING SCENARIO               66

5.8           TECHNOLOGY ANALYSIS             67

5.8.1        KEY TECHNOLOGIES     67

5.8.1.1    Permanent magnet motors 67

5.8.2        ADJACENT TECHNOLOGIES       67

5.8.2.1    Switched reluctance motors                67

5.9           PATENT ANALYSIS          68

5.10         TRADE ANALYSIS             71

5.10.1      EXPORT DATA (HS CODE 8501) 71

5.10.2      IMPORT DATA (HS CODE 8501) 73

5.11         KEY CONFERENCES AND EVENTS, 2025  74

5.12         CASE STUDY ANALYSIS 75

5.12.1      MENZEL MOTORS DELIVERS INDUCTION MOTOR TO CEMENT PLANT TO MINIMIZE DOWNTIME        75

5.12.2      WEG POWERS CENTRAL ASIA’S LARGEST GAS PLANT WITH HIGH-VOLTAGE MOTORS FOR ENERGY PRODUCTION                 76

5.13         TARIFF AND REGULATORY LANDSCAPE               76

5.13.1      TARIFF ANALYSIS             76

5.13.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             77

5.13.3      REGION-WISE AND GLOBAL CODES AND REGULATIONS RELATED TO AC MOTORS           79

5.14         PORTER’S FIVE FORCES ANALYSIS           81

5.14.1      BARGAINING POWER OF SUPPLIERS       82

5.14.2      BARGAINING POWER OF BUYERS             82

5.14.3      THREAT OF NEW ENTRANTS      82

5.14.4      THREAT OF SUBSTITUTES          82

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 82

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     83

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           83

5.15.2      BUYING CRITERIA           83

5.16         IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET                 84

5.16.1      AI/GENERATIVE AI APPLICATIONS OF AC MOTORS                 84

5.16.2      IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY TYPE AND REGION   85

5.16.3      IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY REGION         85

5.17         GLOBAL MACROECONOMIC OUTLOOK                86

5.17.1      INTRODUCTION              86

5.17.2      GDP TRENDS AND FORECAST   86

5.17.3      INFLATION         87

5.17.4      ASPECTS OF MANUFACTURING VALUE ADDED IN AC MOTOR MARKET              87

6               AC MOTOR MARKET, BY POLE  89

6.1           INTRODUCTION              90

6.2           2-POLE 91

6.2.1        ABILITY TO OPERATE AT HIGH-SPEEDS TO BOOST DEMAND             91

6.3           4-POLE 92

6.3.1        SUITABILITY FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING MODERATE SPEED AND HIGH TORQUE TO FUEL SEGMENTAL GROWTH            92

6.4           6-POLE 93

6.4.1        INCREASING DEPLOYMENT IN APPLICATIONS REQUIRING HIGH TORQUE, LOW SPEED, AND HEAVY LOADS TO SUPPORT SEGMENTAL GROWTH      93

6.5           8-POLE 94

6.5.1        RISING USE IN HEAVY-DUTY AND LOW-SPEED INDUSTRIAL APPLICATIONS TO FOSTER MARKET GROWTH                 94

6.6           10-POLE                95

6.6.1        ABILITY TO HANDLE DEMANDING TASKS WITH HIGH PRECISION AND EFFICIENCY TO DRIVE MARKET              95

6.7           OTHERS                96

7               AC MOTOR MARKET, BY POWER RATING              98

7.1           INTRODUCTION              99

7.2           500–900 KW          100

7.2.1        INCREASING USE IN INDUSTRIAL AND COMMERCIAL APPLICATIONS REQUIRING RELIABLE AND EFFICIENT POWER DELIVERY TO DRIVE MARKET   100

7.3           >900–1,200 KW   101

7.3.1        ABILITY TO HANDLE HEAVY MECHANICAL LOADS WITH CONSISTENT EFFICIENCY TO SPIKE DEMAND       101

7.4           >1,200–5,000 KW                 102

7.4.1        RUGGED DESIGN AND EXTREME POWER CAPACITY TO INCREASE ADOPTION IN HEAVY-DUTY INDUSTRIAL APPLICATIONS 102

7.5           >5,000–9,000 KW                 103

7.5.1        LARGE-SCALE PROJECTS IN EMERGING MARKETS TO CREATE GROWTH OPPORTUNITIES       103

7.6           >9,000–12,000 KW              104

7.6.1        ADVANCEMENTS IN RENEWABLE ENERGY, INDUSTRIAL AUTOMATION, AND INFRASTRUCTURE DEVELOPMENT TO ELEVATE DEMAND         104

7.7           >12,000–15,000 KW            105

7.7.1        EXCELLENCE IN DELIVERING SUBSTANTIAL POWER OUTPUT TO DRIVE CRITICAL INDUSTRIAL PROCESSES TO BOOST DEMAND             105

7.8           >15,000–25,000 KW            106

7.8.1        CAPABILITY TO MAINTAIN EFFICIENCY UNDER CONTINUOUS HEAVY-DUTY CONDITIONS TO DRIVE MARKET                 106

7.9           ABOVE 25,000 KW             107

7.9.1        UNMATCHED EFFICIENCY, RELIABILITY, AND SUPERIOR PERFORMANCE IN HEAVY-DUTY OPERATIONS TO FUEL DEMAND 107

8               AC MOTOR MARKET, BY TYPE   109

8.1           INTRODUCTION              110

8.2           INDUCTION MOTORS    111

8.2.1        SIMPLICITY, SCALABILITY, AND COST-EFFECTIVENESS FEATURES TO SPUR DEMAND   111

8.3           SYNCHRONOUS MOTORS             112

8.3.1        ABILITY TO PERFORM AT CONSTANT SPEED EVEN UNDER EXTREME CONDITIONS TO BOOST ADOPTION 112

9               AC MOTOR MARKET, BY VOLTAGE          114

9.1           INTRODUCTION              115

9.2           3 TO 3.6 KV          116

9.2.1        RISING USE IN MEDIUM-VOLTAGE APPLICATIONS TO DRIVE MARKET 116

9.3           3.7 TO 4.9 KV      117

9.3.1        INCREASING ADOPTION TO POWER HEAVY-DUTY PROCESSING EQUIPMENT TO FUEL SEGMENTAL GROWTH                 117

9.4           5 TO 7.2 KV          118

9.4.1        HIGH EFFICIENCY, LOW MAINTENANCE, AND COMPATIBILITY FEATURES TO DRIVE ADOPTION          118

9.5           ABOVE 7.2 KV     119

9.5.1        NEED FOR HIGH-VOLTAGE PRECISION DRIVERS IN MEGA-SCALE APPLICATIONS TO FOSTER SEGMENTAL GROWTH             119

10            AC MOTOR MARKET, BY END USER         121

10.1         INTRODUCTION              122

10.2         WATER & WASTEWATER TREATMENT   123

10.2.1      SIGNIFICANT FOCUS ON ENERGY SAVINGS AND RELIABLE OPERATIONS TO SPIKE DEMAND       123

10.3         POWER 125

10.3.1      RISING NEED FOR STABLE POWER SUPPLY IN INDUSTRIAL OPERATIONS TO CONTRIBUTE TO MARKET GROWTH             125

10.4         STEEL & METALS              126

10.4.1      INCREASING FOCUS ON ACHIEVING SUSTAINABILITY GOALS AND REDUCING OPERATIONAL COSTS TO PROPEL MARKET               126

10.5         PETROCHEMICALS          127

10.5.1      PRESSING NEED TO REDUCE CARBON EMISSIONS TO FUEL ADOPTION             127

10.6         MINING                129

10.6.1      REQUIREMENT TO IMPROVE OPERATIONAL EFFICIENCY THROUGH SUSTAINABLE MINING PRACTICES TO BOOST DEMAND             129

10.7         MARINE & SHIPBUILDING            130

10.7.1      STRICTER ENVIRONMENTAL REGULATIONS TO FUEL DEMAND             130

10.8         AUTOMOTIVE MANUFACTURING            131

10.8.1      URGENT NEED TO REDUCE CARBON EMISSIONS AND ESCALATING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET               131

10.9         OIL & GAS            133

10.9.1      RISING EMPHASIS ON REDUCING EMISSIONS AND IMPROVING OPERATIONAL EXCELLENCE TO ELEVATE DEMAND             133

10.10       OTHER END USERS         134

11            AC MOTOR MARKET, BY REGION             136

11.1         INTRODUCTION              137

11.2         ASIA PACIFIC     139

11.2.1      CHINA  145

11.2.1.1  Significant focus on achieving renewable energy goals through hydropower and solar projects to drive market                145

11.2.2      INDIA    147

11.2.2.1  Government policies encouraging use of energy-efficient equipment to support market growth                147

11.2.3      JAPAN   148

11.2.3.1  Transformation toward automated industrial economy to fuel market growth       148

11.2.4      SOUTH KOREA  150

11.2.4.1  Rising adoption of digital technologies and green initiatives to foster market growth            150

11.2.5      AUSTRALIA         151

11.2.5.1  Investments in renewable energy projects to contribute to market growth    151

11.2.6      REST OF ASIA PACIFIC   153

11.3         EUROPE               154

11.3.1      GERMANY           159

11.3.1.1  Significant investments in offshore wind and solar photovoltaic projects to augment market growth   159

11.3.2      UK          160

11.3.2.1  Commitment to achieve net-zero emissions to fuel demand                 160

11.3.3      ITALY    162

11.3.3.1  Surging adoption of sustainable energy solutions to drive market                 162

11.3.4      FRANCE                163

11.3.4.1  Strong industrial foundation to support market growth 163

11.3.5      REST OF EUROPE             165

11.4         NORTH AMERICA             166

11.4.1      US           172

11.4.1.1  Growing focus on reducing carbon emissions to spike demand                 172

11.4.2      CANADA               173

11.4.2.1  Commitment to sustainable energy practices to elevate demand                 173

11.4.3      MEXICO                175

11.4.3.1  Growing push toward integrating renewable energy into grids to support market growth        175

11.5         SOUTH AMERICA             176

11.5.1      BRAZIL 181

11.5.1.1  Increasing investments in green economy to propel market                 181

11.5.2      ARGENTINA       182

11.5.2.1  Government initiatives promoting industrial growth to drive market    182

11.5.3      REST OF SOUTH AMERICA           184

11.6         MIDDLE EAST & AFRICA                185

11.6.1      GCC       191

11.6.1.1  Saudi Arabia          192

11.6.1.1.1                Large-scale renewable energy projects to fuel demand                 192

11.6.1.2  UAE        194

11.6.1.2.1                Smart city and energy generation projects to boost demand  194

11.6.1.3  Rest of GCC          195

11.6.2      SOUTH AFRICA 197

11.6.2.1  Government investment in power projects to drive demand                 197

11.6.3      IRAQ      198

11.6.3.1  Growing gas sector and significant investments in infrastructure projects to create opportunities          198

11.6.4      REST OF MIDDLE EAST & AFRICA             200

12            COMPETITIVE LANDSCAPE         202

12.1         INTRODUCTION              202

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024                 202

12.3         REVENUE ANALYSIS, 2019–2023  204

12.4         MARKET SHARE ANALYSIS, 2023                 205

12.5         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 207

12.6         BRAND/PRODUCT COMPARISON             208

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 209

12.7.1      STARS   209

12.7.2      EMERGING LEADERS     209

12.7.3      PERVASIVE PLAYERS      209

12.7.4      PARTICIPANTS 209

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         211

12.7.5.1  Company footprint               211

12.7.5.2  Region footprint   212

12.7.5.3  Type footprint       213

12.7.5.4  Power rating footprint         214

12.7.5.5  End user footprint                 215

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        217

12.8.1      PROGRESSIVE COMPANIES         217

12.8.2      RESPONSIVE COMPANIES            217

12.8.3      DYNAMIC COMPANIES  217

12.8.4      STARTING BLOCKS         217

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 219

12.8.5.1  List of key startups/SMEs  219

12.8.5.2  Competitive benchmarking of key startups/SMEs          219

12.9         COMPETITIVE SCENARIO             220

12.9.1      PRODUCT LAUNCHES   220

12.9.2      DEALS  221

12.9.3      EXPANSIONS     222

12.9.4      OTHER DEVELOPMENTS              222

13            COMPANY PROFILES      223

13.1         KEY PLAYERS     223

13.1.1      ABB        223

13.1.1.1  Business overview 223

13.1.1.2  Products/Solutions/Services offered 225

13.1.1.3  Recent developments           225

13.1.1.3.1                Deals      225

13.1.1.4  MnM view              226

13.1.1.4.1                Key strengths/Right to win 226

13.1.1.4.2                Strategic choices   226

13.1.1.4.3                Weaknesses/Competitive threats       226

13.1.2      GE ELECTRIC COMPANY (GE VERNOVA)               227

13.1.2.1  Business overview 227

13.1.2.2  Products/Solutions/Services offered 229

13.1.2.3  Recent developments           229

13.1.2.3.1                Deals      229

13.1.2.3.2                Other developments             230

13.1.2.4  MnM view              230

13.1.2.4.1                Key strengths/Right to win 230

13.1.2.4.2                Strategic choices   230

13.1.2.4.3                Weaknesses/Competitive threats       230

13.1.3      SIEMENS              231

13.1.3.1  Business overview 231

13.1.3.2  Products/Solutions/Services offered 233

13.1.3.3  Recent developments           233

13.1.3.3.1                Product launches  233

13.1.3.3.2                Other developments             234

13.1.3.4  MnM view              234

13.1.3.4.1                Key strengths/Right to win 234

13.1.3.4.2                Strategic choices   234

13.1.3.4.3                Weaknesses/Competitive threats       234

13.1.4      WEG      235

13.1.4.1  Business overview 235

13.1.4.2  Products/Solutions/Services offered 237

13.1.4.3  Recent developments           237

13.1.4.3.1                Deals      237

13.1.4.3.2                Expansions             238

13.1.4.4  MnM view              238

13.1.4.4.1                Key strengths/Right to win 238

13.1.4.4.2                Strategic choices   238

13.1.4.4.3                Weaknesses/Competitive threats       238

13.1.5      NIDEC CORPORATION  239

13.1.5.1  Business overview 239

13.1.5.2  Products/Solutions/Services offered 241

13.1.5.3  Recent developments           241

13.1.5.3.1                Product launches  241

13.1.5.4  MnM view              242

13.1.5.4.1                Key strengths/Right to win 242

13.1.5.4.2                Strategic choices   242

13.1.5.4.3                Weaknesses/Competitive threats       242

13.1.6      SHANGHAI ELECTRIC    243

13.1.6.1  Business overview 243

13.1.6.2  Products/Solutions/Services offered 245

13.1.6.3  MnM view              246

13.1.6.3.1                Key strengths/Right to win 246

13.1.6.3.2                Strategic choices   246

13.1.6.3.3                Weaknesses/Competitive threats       246

13.1.7      TMEIC  247

13.1.7.1  Business overview 247

13.1.7.2  Products/Solutions/Services offered 248

13.1.7.3  MnM view              248

13.1.7.3.1                Key strengths/Right to win 248

13.1.7.3.2                Strategic choices   249

13.1.7.3.3                Weaknesses/Competitive threats       249

13.1.8      HD HYUNDAI ELECTRIC CO., LTD.           250

13.1.8.1  Business overview 250

13.1.8.2  Products/Solutions/Services offered 251

13.1.8.3  MnM view              252

13.1.8.3.1                Key strengths/Right to win 252

13.1.8.3.2                Strategic choices   252

13.1.8.3.3                Weaknesses/Competitive threats       252

13.1.9      HITACHI INDUSTRIAL PRODUCTS, LTD.               253

13.1.9.1  Business overview 253

13.1.9.2  Products/Solutions/Services offered 253

13.1.9.3  MnM view              254

13.1.9.3.1                Key strengths/Right to win 254

13.1.9.3.2                Strategic choices   254

13.1.9.3.3                Weaknesses/Competitive threats       254

13.1.10   REGAL REXNORD CORPORATION            255

13.1.10.1                 Business overview 255

13.1.10.2                 Products/Solutions/Services offered 256

13.1.10.3                 Recent developments           257

13.1.10.3.1             Deals      257

13.1.10.4                 MnM view              257

13.1.10.4.1             Key strengths/Right to win 257

13.1.10.4.2             Strategic choices   257

13.1.10.4.3             Weaknesses/Competitive threats       257

13.1.11   WOLONG ELECTRIC       258

13.1.11.1                 Business overview 258

13.1.11.2                 Products/Solutions/Services offered 258

13.1.11.3                 MnM view              259

13.1.11.3.1             Key strengths/Right to win 259

13.1.11.3.2             Strategic choices   259

13.1.11.3.3             Weaknesses/Competitive threats       259

13.1.12   ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.                 260

13.1.12.1                 Business overview 260

13.1.12.2                 Products/Solutions/Services offered 260

13.1.13   CG POWER & INDUSTRIAL SOLUTIONS LTD.      261

13.1.13.1                 Business overview 261

13.1.13.2                 Products/Solutions/Services offered 263

13.1.14   LAXMI HYDRAULICS PVT. LTD. 264

13.1.14.1                 Business overview 264

13.1.14.2                 Products/Solutions/Services offered 264

13.1.15   KIRLOSKAR ELECTRIC COMPANY             266

13.1.15.1                 Business overview 266

13.1.15.2                 Products/Solutions/Services offered 267

13.2         OTHER PLAYERS              268

13.2.1      JEUMONT ELECTRIC      268

13.2.2      MENZEL ELEKTROMOTOREN GMBH      269

13.2.3      XI’AN SIMO MOTOR CO., LTD.   270

13.2.4      TECO-WESTINGHOUSE 271

13.2.5      VEM GMBH         272

13.2.6      HYOSUNG HEAVY INDUSTRIES 273

13.2.7      AC-MOTOREN GMBH     274

13.2.8      BROOK CROMPTON       275

13.2.9      VYBO ELECTRIC               276

13.2.10   O.M.E. MOTORI ELETTRICI S.R.L.              277

14            APPENDIX           278

14.1         INSIGHTS FROM INDUSTRY EXPERTS     278

14.2         DISCUSSION GUIDE        278

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                283

14.4         CUSTOMIZATION OPTIONS        285

14.5         RELATED REPORTS         285

14.6         AUTHOR DETAILS           286

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS 27

TABLE 2                AC MOTOR MARKET SNAPSHOT, 2024 VS. 2029                 43

TABLE 3                AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER RATING,

2021–2023 (USD/UNIT)   61

TABLE 4                AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION,

2021–2023 (USD/UNIT)   62

TABLE 5                ROLE OF COMPANIES IN ECOSYSTEM    65

TABLE 6                MAJOR PATENTS IN AC MOTOR MARKET, 2022–2023        69

TABLE 7                EXPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD THOUSAND)      71

TABLE 8                IMPORT DATA FOR HS CODE 8501-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD THOUSAND)      73

TABLE 9                KEY CONFERENCES AND EVENTS, 2025  74

TABLE 10              IMPORT TARIFFS FOR HS 8501-COMPLIANT PRODUCTS, BY COUNTRY, 2023 76

TABLE 11              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 77

TABLE 12              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           78

TABLE 13              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 78

TABLE 14              SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 78

TABLE 15              MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 16              GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  79

TABLE 17              NORTH AMERICA: CODES AND REGULATIONS                 79

TABLE 18              ASIA PACIFIC: CODES AND REGULATIONS                 80

TABLE 19              EUROPE: CODES AND REGULATIONS    80

TABLE 20              GLOBAL: CODES AND REGULATIONS    80

TABLE 21              AC MOTOR MARKET: PORTER’S FIVE FORCES ANALYSIS            81

TABLE 22              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AC MOTOR TYPES              83

TABLE 23              KEY BUYING CRITERIA FOR AC MOTOR TYPES                 84

TABLE 24              GLOBAL GDP GROWTH, 2021–2028 (USD TRILLION)           86

TABLE 25              AVERAGE INFLATION RATES IN DIFFERENT GEOGRAPHIES, 2024        87

TABLE 26              MANUFACTURING VALUE ADDED AS PERCENTAGE OF GDP, 2023         88

TABLE 27              AC MOTOR MARKET, BY POLE, 2021–2023 (USD MILLION)            90

TABLE 28              AC MOTOR MARKET, BY POLE, 2024–2029 (USD MILLION)            91

TABLE 29              2-POLE: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       91

TABLE 30              2-POLE: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       92

TABLE 31              4-POLE: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       92

TABLE 32              4-POLE: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       93

TABLE 33              6-POLE: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       93

TABLE 34              6-POLE: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       94

TABLE 35              8-POLE: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       94

TABLE 36              8-POLE: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       95

TABLE 37              10-POLE: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            95

TABLE 38              10-POLE: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            96

TABLE 39              OTHERS: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            96

TABLE 40              OTHERS: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            97

TABLE 41              AC MOTOR MARKET, BY POWER RATING, 2021–2023 (USD MILLION)       99

TABLE 42              AC MOTOR MARKET, BY POWER RATING, 2024–2029 (USD MILLION)       100

TABLE 43              500–900 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            101

TABLE 44              500–900 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            101

TABLE 45             >900–1,200 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            102

TABLE 46             >900–1,200 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            102

TABLE 47              >1,200–5,000 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          103

TABLE 48              >1,200–5,000 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          103

TABLE 49              >5,000–9,000 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          104

TABLE 50              >5,000–9,000 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          104

TABLE 51              >9,000–12,000 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          105

TABLE 52              >9,000–12,000 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          105

TABLE 53              >12,000–15,000 KW: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            106

TABLE 54              >12,000–15,000 KW: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            106

TABLE 55              >15,000–25,000 KW: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            107

TABLE 56              >15,000–25,000 KW: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            107

TABLE 57              ABOVE 25,000 KW: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          108

TABLE 58              ABOVE 25,000 KW: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          108

TABLE 59              AC MOTOR MARKET, BY TYPE, 2021–2023 (USD MILLION)            110

TABLE 60              AC MOTOR MARKET, BY TYPE, 2024–2029 (USD MILLION)            110

TABLE 61              INDUCTION MOTORS: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            111

TABLE 62              INDUCTION MOTORS: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            111

TABLE 63              SYNCHRONOUS MOTORS: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            112

TABLE 64              SYNCHRONOUS MOTORS: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            112

TABLE 65              AC MOTOR MARKET, BY VOLTAGE, 2021–2023 (USD MILLION) 115

TABLE 66              AC MOTOR MARKET, BY VOLTAGE, 2024–2029 (USD MILLION) 116

TABLE 67              3 TO 3.6 KV: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            116

TABLE 68              3 TO 3.6 KV: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            117

TABLE 69              3.7 TO 4.9 KV: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            117

TABLE 70              3.7 TO 4.9 KV: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            118

TABLE 71              5 TO 7.2 KV: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            118

TABLE 72              5 TO 7.2 KV: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            119

TABLE 73              ABOVE 7.2 KV: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            120

TABLE 74              ABOVE 7.2 KV: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            120

TABLE 75              AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION) 122

TABLE 76              AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION) 123

TABLE 77              WATER & WASTEWATER TREATMENT: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            124

TABLE 78              WATER & WASTEWATER TREATMENT: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            124

TABLE 79              POWER: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       125

TABLE 80              POWER: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       126

TABLE 81              STEEL & METALS: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          127

TABLE 82              STEEL & METALS: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          127

TABLE 83              PETROCHEMICALS: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          128

TABLE 84              PETROCHEMICALS: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          128

TABLE 85              MINING: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)       129

TABLE 86              MINING: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)       130

TABLE 87              MARINE & SHIPBUILDING: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            131

TABLE 88              MARINE & SHIPBUILDING: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            131

TABLE 89              AUTOMOTIVE MANUFACTURING: AC MOTOR MARKET, BY REGION,

2021–2023 (USD MILLION)            132

TABLE 90              AUTOMOTIVE MANUFACTURING: AC MOTOR MARKET, BY REGION,

2024–2029 (USD MILLION)            132

TABLE 91              OIL & GAS: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)            133

TABLE 92              OIL & GAS: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)            134

TABLE 93              OTHER END USERS: AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION)          135

TABLE 94              OTHER END USERS: AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION)          135

TABLE 95              AC MOTOR MARKET, BY REGION, 2021–2023 (USD MILLION) 138

TABLE 96              AC MOTOR MARKET, BY REGION, 2024–2029 (USD MILLION) 138

TABLE 97              AC MOTOR MARKET, BY REGION, 2021–2023 (UNITS)                138

TABLE 98              AC MOTOR MARKET, BY REGION, 2024–2029 (UNITS)                139

TABLE 99              ASIA PACIFIC: AC MOTOR MARKET, BY TYPE, 2021–2023 (USD MILLION)            140

TABLE 100            ASIA PACIFIC: AC MOTOR MARKET, BY TYPE, 2024–2029 (USD MILLION)            141

TABLE 101            ASIA PACIFIC: AC MOTOR MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)      141

TABLE 102            ASIA PACIFIC: AC MOTOR MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)      141

TABLE 103            ASIA PACIFIC: AC MOTOR MARKET, BY POWER RATING, 2021–2023 (USD MILLION)          142

TABLE 104            ASIA PACIFIC: AC MOTOR MARKET, BY POWER RATING, 2024–2029 (USD MILLION)          142

TABLE 105            ASIA PACIFIC: AC MOTOR MARKET, BY POLE, 2021–2023 (USD MILLION)            143

TABLE 106            ASIA PACIFIC: AC MOTOR MARKET, BY POLE, 2024–2029 (USD MILLION)            143

TABLE 107            ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                143

TABLE 108            ASIA PACIFIC: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                144

TABLE 109            ASIA PACIFIC: AC MOTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     144

TABLE 110            ASIA PACIFIC: AC MOTOR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     145

TABLE 111            CHINA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            146

TABLE 112            CHINA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            146

TABLE 113            INDIA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       147

TABLE 114            INDIA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       148

TABLE 115            JAPAN: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            149

TABLE 116            JAPAN: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            149

TABLE 117            SOUTH KOREA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                150

TABLE 118            SOUTH KOREA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                151

TABLE 119            AUSTRALIA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            152

TABLE 120            AUSTRALIA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            152

TABLE 121            REST OF ASIA PACIFIC: AC MOTOR MARKET, BY END USER,

2021–2023 (USD MILLION)            153

TABLE 122            REST OF ASIA PACIFIC: AC MOTOR MARKET, BY END USER,

2024–2029 (USD MILLION)            154

TABLE 123            EUROPE: AC MOTOR MARKET, BY TYPE, 2021–2023 (USD MILLION)       155

TABLE 124            EUROPE: AC MOTOR MARKET, BY TYPE, 2024–2029 (USD MILLION)       155

TABLE 125            EUROPE: AC MOTOR MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)            155

TABLE 126            EUROPE: AC MOTOR MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)            155

TABLE 127            EUROPE: AC MOTOR MARKET, BY POWER RATING, 2021–2023 (USD MILLION)          156

TABLE 128            EUROPE: AC MOTOR MARKET, BY POWER RATING, 2024–2029 (USD MILLION)          156

TABLE 129            EUROPE: AC MOTOR MARKET, BY POLE, 2021–2023 (USD MILLION)       157

TABLE 130            EUROPE: AC MOTOR MARKET, BY POLE, 2024–2029 (USD MILLION)       157

TABLE 131            EUROPE: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            157

TABLE 132            EUROPE: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            158

TABLE 133            EUROPE: AC MOTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            158

TABLE 134            EUROPE: AC MOTOR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            158

TABLE 135            GERMANY: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            160

TABLE 136            GERMANY: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            160

TABLE 137            UK: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       161

TABLE 138            UK: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       161

TABLE 139            ITALY: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       162

TABLE 140            ITALY: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       163

TABLE 141            FRANCE: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            164

TABLE 142            FRANCE: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            164

TABLE 143            REST OF EUROPE: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                165

TABLE 144            REST OF EUROPE: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                166

TABLE 145            NORTH AMERICA: AC MOTOR MARKET, BY TYPE, 2021–2023 (USD MILLION)                167

TABLE 146            NORTH AMERICA: AC MOTOR MARKET, BY TYPE, 2024–2029 (USD MILLION)                168

TABLE 147            NORTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)      168

TABLE 148            NORTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)      168

TABLE 149            NORTH AMERICA: AC MOTOR MARKET, BY POWER RATING,

2021–2023 (USD MILLION)            169

TABLE 150            NORTH AMERICA: AC MOTOR MARKET, BY POWER RATING,

2024–2029 (USD MILLION)            169

TABLE 151            NORTH AMERICA: AC MOTOR MARKET, BY POLE, 2021–2023 (USD MILLION)               170

TABLE 152            NORTH AMERICA: AC MOTOR MARKET, BY POLE, 2024–2029 (USD MILLION)               170

TABLE 153            NORTH AMERICA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                170

TABLE 154            NORTH AMERICA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                171

TABLE 155            NORTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     171

TABLE 156            NORTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     171

TABLE 157            US: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       172

TABLE 158            US: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       173

TABLE 159            CANADA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            174

TABLE 160            CANADA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            174

TABLE 161            MEXICO: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            175

TABLE 162            MEXICO: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            176

TABLE 163          SOUTH AMERICA: AC MOTOR MARKET, BY TYPE, 2021–2023 (USD MILLION)            177

TABLE 164          SOUTH AMERICA: AC MOTOR MARKET, BY TYPE, 2024–2029 (USD MILLION)            177

TABLE 165            SOUTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2021–2023 (USD MILLION)      177

TABLE 166            SOUTH AMERICA: AC MOTOR MARKET, BY VOLTAGE, 2024–2029 (USD MILLION)      177

TABLE 167            SOUTH AMERICA: AC MOTOR MARKET, BY POWER RATING,

2021–2023 (USD MILLION)            178

TABLE 168            SOUTH AMERICA: AC MOTOR MARKET, BY POWER RATING,

2024–2029 (USD MILLION)            178

TABLE 169            SOUTH AMERICA: AC MOTOR MARKET, BY POLE, 2021–2023 (USD MILLION)               178

TABLE 170            SOUTH AMERICA: AC MOTOR MARKET, BY POLE, 2024–2029 (USD MILLION)               179

TABLE 171            SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                179

TABLE 172            SOUTH AMERICA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                180

TABLE 173            SOUTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     180

TABLE 174            SOUTH AMERICA: AC MOTOR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     180

TABLE 175            BRAZIL: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            181

TABLE 176            BRAZIL: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            182

TABLE 177          ARGENTINA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)            183

TABLE 178          ARGENTINA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)            183

TABLE 179          REST OF SOUTH AMERICA: AC MOTOR MARKET, BY END USER,

2021–2023 (USD MILLION)            184

TABLE 180          REST OF SOUTH AMERICA: AC MOTOR MARKET, BY END USER,

2024–2029 (USD MILLION)            185

TABLE 181            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY TYPE,

2021–2023 (USD MILLION)            186

TABLE 182            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY TYPE,

2024–2029 (USD MILLION)            186

TABLE 183            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY VOLTAGE,

2021–2023 (USD MILLION)            186

TABLE 184            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY VOLTAGE,

2024–2029 (USD MILLION)            186

TABLE 185            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POWER RATING,

2021–2023 (USD MILLION)            187

TABLE 186            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POWER RATING,

2024–2029 (USD MILLION)            187

TABLE 187            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POLE,

2021–2023 (USD MILLION)            188

TABLE 188            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY POLE,

2024–2029 (USD MILLION)            188

TABLE 189            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER,

2021–2023 (USD MILLION)            188

TABLE 190            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER,

2024–2029 (USD MILLION)            189

TABLE 191            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            189

TABLE 192            MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            190

TABLE 193            GCC: AC MOTOR MARKET, BY COUNTRY, 2021–2023 (USD MILLION)       190

TABLE 194            GCC: AC MOTOR MARKET, BY COUNTRY, 2024–2029 (USD MILLION)       190

TABLE 195            GCC: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       191

TABLE 196            GCC: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       192

TABLE 197            SAUDI ARABIA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                193

TABLE 198            SAUDI ARABIA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                193

TABLE 199            UAE: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       194

TABLE 200            UAE: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       195

TABLE 201            REST OF GCC: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                196

TABLE 202            REST OF GCC: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                196

TABLE 203            SOUTH AFRICA: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)                197

TABLE 204            SOUTH AFRICA: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)                198

TABLE 205            IRAQ: AC MOTOR MARKET, BY END USER, 2021–2023 (USD MILLION)       199

TABLE 206            IRAQ: AC MOTOR MARKET, BY END USER, 2024–2029 (USD MILLION)       199

TABLE 207            REST OF MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER,

2021–2023 (USD MILLION)            200

TABLE 208            REST OF MIDDLE EAST & AFRICA: AC MOTOR MARKET, BY END USER,

2024–2029 (USD MILLION)            201

TABLE 209            AC MOTOR MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024                202

TABLE 210            AC MOTOR MARKET: DEGREE OF COMPETITION 205

TABLE 211            AC MOTOR MARKET: REGION FOOTPRINT                 212

TABLE 212            AC MOTOR MARKET: TYPE FOOTPRINT                 213

TABLE 213            AC MOTOR MARKET: POWER RATING FOOTPRINT       214

TABLE 214            AC MOTOR MARKET: END USER FOOTPRINT                 215

TABLE 215            AC MOTOR MARKET: LIST OF KEY STARTUPS/SMES, 2023   219

TABLE 216            AC MOTOR MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES, 2023          219

TABLE 217            AC MOTOR MARKET: PRODUCT LAUNCHES, JANUARY 2021–AUGUST 2024       220

TABLE 218            AC MOTOR MARKET: DEALS, JANUARY 2021–AUGUST 2024     221

TABLE 219            AC MOTOR MARKET: EXPANSIONS, JANUARY 2021–AUGUST 2024           222

TABLE 220            AC MOTOR MARKET: OTHER DEVELOPMENTS, JANUARY 2021–AUGUST 2024       222

TABLE 221            ABB: COMPANY OVERVIEW         223

TABLE 222            ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             225

TABLE 223            ABB: DEALS        225

TABLE 224            GE VERNOVA: COMPANY OVERVIEW      227

TABLE 225            TABLE 2 GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED    229

TABLE 226            GE VERNOVA: DEALS     229

TABLE 227            GE VERNOVA: OTHER DEVELOPMENTS                 230

TABLE 228            SIEMENS: COMPANY OVERVIEW               231

TABLE 229            SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED             233

TABLE 230            SIEMENS: PRODUCT LAUNCHES               233

TABLE 231            SIEMENS: OTHER DEVELOPMENTS         234

TABLE 232            WEG: COMPANY OVERVIEW       235

TABLE 233            WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED             237

TABLE 234            WEG: DEALS       237

TABLE 235            WEG: EXPANSIONS          238

TABLE 236            NIDEC CORPORATION: COMPANY OVERVIEW                 239

TABLE 237            NIDEC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    241

TABLE 238            NIDEC CORPORATION: PRODUCT LAUNCHES                 241

TABLE 239            SHANGHAI ELECTRIC: COMPANY OVERVIEW                 243

TABLE 240            SHANGHAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 241            TMEIC: COMPANY OVERVIEW   247

TABLE 242            TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             248

TABLE 243            HD HYUNDAI ELECTRIC CO., LTD.: COMPANY OVERVIEW          250

TABLE 244            HD HYUNDAI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    251

TABLE 245            HITACHI INDUSTRIAL PRODUCTS, LTD.: COMPANY OVERVIEW   253

TABLE 246            HITACHI INDUSTRIAL PRODUCTS, LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        253

TABLE 247            REGAL REXNORD CORPORATION: COMPANY OVERVIEW          255

TABLE 248            REGAL REXNORD CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    256

TABLE 249            REGAL REXNORD CORPORATION: DEALS                 257

TABLE 250            WOLONG ELECTRIC: COMPANY OVERVIEW                 258

TABLE 251            WOLONG ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    258

TABLE 252            ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.: COMPANY OVERVIEW       260

TABLE 253            ZCL ELECTRIC MOTOR TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        260

TABLE 254            CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW   261

TABLE 255            CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    263

TABLE 256            LAXMI HYDRAULICS PVT. LTD.: COMPANY OVERVIEW          264

TABLE 257            LAXMI HYDRAULICS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    264

TABLE 258            KIRLOSKAR ELECTRIC COMPANY: COMPANY OVERVIEW          266

TABLE 259            KIRLOSKAR ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    267

TABLE 260            JEUMONT ELECTRIC: COMPANY OVERVIEW                 268

TABLE 261            MENZEL ELEKTROMOTOREN GMBH: COMPANY OVERVIEW          269

TABLE 262            XI’AN SIMO MOTOR CO., LTD.: COMPANY OVERVIEW          270

TABLE 263            TECO-WESTINGHOUSE: COMPANY OVERVIEW                 271

TABLE 264            VEM GMBH: COMPANY OVERVIEW          272

TABLE 265            HYOSUNG HEAVY INDUSTRIES: COMPANY OVERVIEW          273

TABLE 266            AC-MOTOREN GMBH: COMPANY OVERVIEW                 274

TABLE 267            BROOK CROMPTON: COMPANY OVERVIEW                 275

TABLE 268            VYBO ELECTRIC: COMPANY OVERVIEW                 276

TABLE 269            O.M.E. MOTORI ELETTRICI S.R.L.: COMPANY OVERVIEW          277

LIST OF FIGURES

FIGURE 1              AC MOTOR MARKET: RESEARCH DESIGN                 30

FIGURE 2              DATA TRIANGULATION                31

FIGURE 3              KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR AC MOTORS         35

FIGURE 4              AC MOTOR MARKET: BOTTOM-UP APPROACH                 36

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH                39

FIGURE 6              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF AC MOTORS       40

FIGURE 7              MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS): REVENUE GENERATED BY ABB THROUGH SALES OF AC MOTORS            40

FIGURE 8              ASIA PACIFIC CAPTURED LARGEST SHARE OF AC MOTOR MARKET IN 2023       45

FIGURE 9              INDUCTION MOTORS SEGMENT TO HOLD PROMINENT MARKET SHARE IN 2024      45

FIGURE 10            3 TO 3.6 KV SEGMENT TO CAPTURE MAJORITY OF MARKET SHARE IN 2024          46

FIGURE 11            500–900 KW SEGMENT TO HOLD LARGEST SHARE OF AC MOTOR

MARKET  IN 2024             46

FIGURE 12            4-POLE SEGMENT TO WITNESS HIGHEST CAGR IN AC MOTOR MARKET DURING FORECAST PERIOD      47

FIGURE 13            WATER & WASTEWATER TREATMENT SEGMENT TO SECURE LARGEST SHARE OF AC MOTOR MARKET IN 2024  47

FIGURE 14            RISING DEMAND FOR ENERGY-EFFICIENT AND LOW-COST MAINTENANCE AC MOTORS TO DRIVE MARKET                 49

FIGURE 15            INDUCTION MOTORS SEGMENT AND CHINA TO DOMINATE AC MOTOR

MARKET IN ASIA PACIFIC IN 2029              50

FIGURE 16            INDUCTION MOTORS SEGMENT TO ACCOUNT FOR LARGER MARKET

SHARE IN 2029   50

FIGURE 17            3 TO 3.6 KV SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 51

FIGURE 18            500–900 KW SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 51

FIGURE 19            4-POLE SEGMENT TO SECURE MAJORITY OF MARKET SHARE IN 2029 52

FIGURE 20            WATER & WASTEWATER TREATMENT SEGMENT TO BE LARGEST END USER OF AC MOTORS IN 2029                 52

FIGURE 21            AC MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES  53

FIGURE 22            GLOBAL LANDSCAPE OF STEEL PRODUCTION AND USAGE, 2023              54

FIGURE 23            CLEAN ENERGY INVESTMENTS IN NET-ZERO PATHWAY, 2016–2050      55

FIGURE 24            DISTRIBUTION OF LOSSES IN INDUCTION MOTORS              57

FIGURE 25            ELECTRIC CAR SALES GROWTH, 2020–2024                 58

FIGURE 26            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 27            AVERAGE SELLING PRICE TREND OF AC MOTORS, BY POWER

RATING,  2021–2023        61

FIGURE 28            AVERAGE SELLING PRICE TREND OF AC MOTORS, BY REGION, 2021–2023                62

FIGURE 29            VALUE CHAIN ANALYSIS               63

FIGURE 30            AC MOTOR ECOSYSTEM               64

FIGURE 31            INVESTMENT AND FUNDING SCENARIO, 2018–2024        67

FIGURE 32            PATENTS APPLIED AND GRANTED, 2014–2023                 68

FIGURE 33            EXPORT SCENARIO FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023                 72

FIGURE 34            IMPORT SCENARIO FOR HS CODE 8501-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023                 74

FIGURE 35            PORTER’S FIVE FORCES ANALYSIS           81

FIGURE 36            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AC MOTOR TYPES              83

FIGURE 37            KEY BUYING CRITERIA FOR AC MOTOR TYPES                 83

FIGURE 38            IMPACT OF AI/GENERATIVE AI ON AC MOTOR MARKET, BY TYPE AND REGION               85

FIGURE 39            AC MOTOR MARKET, BY POLE, 2023        90

FIGURE 40            AC MOTOR MARKET, BY POWER RATING, 2023                 99

FIGURE 41            AC MOTOR MARKET, BY TYPE, 2023         110

FIGURE 42            AC MOTOR MARKET, BY VOLTAGE, 2023                 115

FIGURE 43            AC MOTOR MARKET, BY END USER, 2023                 122

FIGURE 44            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN AC MOTOR MARKET DURING FORECAST PERIOD            137

FIGURE 45            AC MOTOR MARKET SHARE, BY REGION, 2023                 137

FIGURE 46            ASIA PACIFIC: AC MOTOR MARKET SNAPSHOT                 140

FIGURE 47            NORTH AMERICA: AC MOTOR MARKET SNAPSHOT          167

FIGURE 48            REVENUE ANALYSIS OF TOP PLAYERS IN AC MOTOR MARKET, 2019–2023        204

FIGURE 49            SHARE ANALYSIS OF PLAYERS IN AC MOTOR MARKET, 2023    206

FIGURE 50            COMPANY VALUATION, 2024      207

FIGURE 51            FINANCIAL METRICS, (EV/EBITDA), 2024                 208

FIGURE 52            AC MOTOR MARKET: BRAND/PRODUCT COMPARISON   208

FIGURE 53            AC MOTOR MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     210

FIGURE 54            AC MOTOR MARKET: COMPANY FOOTPRINT                 211

FIGURE 55            AC MOTOR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023               218

FIGURE 56            ABB: COMPANY SNAPSHOT        224

FIGURE 57            GE COMPANY: COMPANY SNAPSHOT    228

FIGURE 58            SIEMENS: COMPANY SNAPSHOT               232

FIGURE 59            WEG: COMPANY SNAPSHOT       236

FIGURE 60            NIDEC CORPORATION: COMPANY SNAPSHOT                 240

FIGURE 61            SHANGHAI ELECTRIC: COMPANY SNAPSHOT                 244

FIGURE 62            HD HYUNDAI ELECTRIC CO., LTD.: COMPANY SNAPSHOT          250

FIGURE 63            REGAL REXNORD CORPORATION: COMPANY SNAPSHOT          256

FIGURE 64            CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT   262

FIGURE 65            KIRLOSKAR ELECTRIC COMPANY: COMPANY SNAPSHOT          266