Electric AC Motors Market Size Worth $146.6
Billion By 2025
The global electric AC motors market size is projected to value at USD 146.6 billion by 2025 at a CAGR of 7.3% from
2017 to 2025. These motors are extensively used in fixed cranes, domestic appliances, compressors, and diesel-electric
engines. Their major benefits like efficient operation and cost-effectiveness in difficult surroundings make them
appropriate for different applications. These products are expected to observe high growth due to their long operating
life, low power consumption, and maintenance requirements.
The increasing demand for AC motors-driven engines across the globe is further, boosting the market growth. Moreover,
factors like the demand for industrial machinery and HVAC equipment are expected to accelerate market demand in the
upcoming years. AC motors have deployed various technological advancements in recent years, resulting in imputed
demand for these motors.
The market is expected to observe significant growth from 2017 to 2025 due to rapid industrialization across developing
and developed countries. Furthermore, large-scale use of these products in various industrial equipment like the electric
saw, conveyor belts, fixed cranes, and many more.
The rapidly rising fuel costs and the preference of consumers for cleaner energy sources have boosted the market
growth in the past years. An AC motor serves as the major component of electric motors which is expected to accelerate
product demand. Moreover, the rising awareness relating to environment protection coupled with government
initiatives remain the major drivers of the growth of the market.
HVAC systems are extensively used in different places like offices, shopping malls, and commercial spaces. Rapid
urbanization and a better standard of living have resulted in a large volume of installation of HVAC systems. HVAC
equipment uses AC motors to power air blowers that control airflow.
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