PUBLISHER: KBV Research | PRODUCT CODE: 1461707
PUBLISHER: KBV Research | PRODUCT CODE: 1461707
Asia Pacific AC Electric Motor Market Size, Share & Trends Analysis Report By Sales Type (New Sales, and Aftermarket), By Output Power, By End-Use (Industrial Machinery, HVAC, Transportation, and Others), By Country and Growth Forecast, 2023 - 2030
The Asia Pacific AC Electric Motor Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific AC Electric Motor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,330.2 Million by 2030. The Japan market is experiencing a CAGR of 4.2% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 5.5% during (2023 - 2030).
The AC electric motor is a vital component of numerous industries, facilitating the conversion of electrical energy into mechanical energy. It has undergone significant advancements, evolving into versatile and efficient machines powering various applications across diverse sectors. The adoption of AC electric motors has seen remarkable growth over the years, driven by various factors, including technological advancements, regulatory requirements, economic considerations, and environmental concerns. AC motors are known for their high efficiency compared to their DC counterparts. Progress in motor design, materials, and control technologies has resulted in notable enhancements in energy efficiency, positioning AC motors as the preferred option for industries and applications prioritizing energy conservation. The quest for energy efficiency, driven by rising energy costs and environmental consciousness, has incentivized the adoption of AC motors across sectors.
Governments and regulatory authorities have enforced rigorous standards and regulations about energy efficiency for motors and systems driven by motors. Compliance with standards such as the International Electrotechnical Commission's (IEC) IE3 efficiency class and the United States' National Electrical Manufacturers Association (NEMA) premium efficiency levels has become mandatory in many regions. As a result, industries are compelled to adopt high-efficiency AC motors to meet regulatory requirements and minimize energy consumption.
The modernization and expansion of power generation infrastructure in India may drive the adoption of more efficient and technologically advanced AC motors. According to the Ministry of Power, India's electricity generation target for 2023-24 has been fixed as 1,750 Billion Units (BU), growth of around 7.2% over the actual generation of 1,624.158 BU for the previous year (2022-23). The power generation during 2022-23 was 1,624.158 BU compared to 1,491.859 BU generated during 2021-22, representing a growth of about 8.87%. As India expands its power generation capacity to meet the growing energy demand, there will be a higher demand for AC electric motors used in various components of power plants. Hence, increasing power generation and growing investments in wastewater treatment is driving the growth of the market.
Based on Sales Type, the market is segmented into New Sales, and Aftermarket. Based on Output Power, the market is segmented into 1,000 HP up to 10,000 HP, 10,000 HP up to 20,000 HP, and 20,000 HP up to 30,000 HP. Based on End-Use, the market is segmented into Industrial Machinery, HVAC, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- WEG Equipamentos Eletricos SA
- Toshiba Corporation
- General Electric Company
- Hitachi, Ltd.
- ABB Ltd.
- Nidec Corporation
- Siemens AG
- Kirloskar Electric Co. Ltd.
- Schneider Electric SE
- Emerson Electric Co.
Asia Pacific AC Electric Motor Market Report Segmentation
By Sales Type
- New Sales
- Aftermarket
By Output Power
- 1,000 HP up to 10,000 HP
- 10,000 HP up to 20,000 HP
- 20,000 HP up to 30,000 HP
By End Use
- Industrial Machinery
- HVAC
- Transportation
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Asia Pacific AC Electric Motor Market, by Sales Type
- 1.4.2Asia Pacific AC Electric Motor Market, by Output Power
- 1.4.3Asia Pacific AC Electric Motor Market, by End Use
- 1.4.4Asia Pacific AC Electric Motor Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Strategies Deployed in AC Electric Motor Market
Chapter 5.Asia Pacific AC Electric Motor Market by Sales Type
- 5.1Asia Pacific New Sales Market by Country
- 5.2Asia Pacific Aftermarket Market by Country
Chapter 6.Asia Pacific AC Electric Motor Market by Output Power
- 6.1Asia Pacific 1,000 HP up to 10,000 HP Market by Country
- 6.2Asia Pacific 10,000 HP up to 20,000 HP Market by Country
- 6.3Asia Pacific 20,000 HP up to 30,000 HP Market by Country
Chapter 7.Asia Pacific AC Electric Motor Market by End-Use
- 7.1Asia Pacific Industrial Machinery Market by Country
- 7.2Asia Pacific HVAC Market by Country
- 7.3Asia Pacific Transportation Market by Country
- 7.4Asia Pacific Others Market by Country
Chapter 8.Asia Pacific AC Electric Motor Market by Country
- 8.1China AC Electric Motor Market
- 8.1.1China AC Electric Motor Market by Sales Type
- 8.1.2China AC Electric Motor Market by Output Power
- 8.1.3China AC Electric Motor Market by End-Use
- 8.2Japan AC Electric Motor Market
- 8.2.1Japan AC Electric Motor Market by Sales Type
- 8.2.2Japan AC Electric Motor Market by Output Power
- 8.2.3Japan AC Electric Motor Market by End-Use
- 8.3India AC Electric Motor Market
- 8.3.1India AC Electric Motor Market by Sales Type
- 8.3.2India AC Electric Motor Market by Output Power
- 8.3.3India AC Electric Motor Market by End-Use
- 8.4South Korea AC Electric Motor Market
- 8.4.1South Korea AC Electric Motor Market by Sales Type
- 8.4.2South Korea AC Electric Motor Market by Output Power
- 8.4.3South Korea AC Electric Motor Market by End-Use
- 8.5Singapore AC Electric Motor Market
- 8.5.1Singapore AC Electric Motor Market by Sales Type
- 8.5.2Singapore AC Electric Motor Market by Output Power
- 8.5.3Singapore AC Electric Motor Market by End-Use
- 8.6Malaysia AC Electric Motor Market
- 8.6.1Malaysia AC Electric Motor Market by Sales Type
- 8.6.2Malaysia AC Electric Motor Market by Output Power
- 8.6.3Malaysia AC Electric Motor Market by End-Use
- 8.7Rest of Asia Pacific AC Electric Motor Market
- 8.7.1Rest of Asia Pacific AC Electric Motor Market by Sales Type
- 8.7.2Rest of Asia Pacific AC Electric Motor Market by Output Power
- 8.7.3Rest of Asia Pacific AC Electric Motor Market by End-Use
Chapter 9.Company Profiles
- 9.1WEG Equipamentos Eletricos SA
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Regional Analysis
- 9.1.4Recent strategies and developments:
- 9.1.4.1Partnerships, Collaborations, and Agreements:
- 9.1.4.2Product Launches and Product Expansions:
- 9.1.4.3Acquisition and Mergers:
- 9.1.5SWOT Analysis
- 9.2Toshiba Corporation
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research and Development Expense
- 9.2.5SWOT Analysis
- 9.3General Electric Company
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5SWOT Analysis
- 9.4Hitachi, Ltd.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5SWOT Analysis
- 9.5ABB Ltd.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
- 9.6Nidec Corporation
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5Recent strategies and developments:
- 9.6.5.1Product Launches and Product Expansions:
- 9.7Siemens AG
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5SWOT Analysis
- 9.8Kirloskar Electric Co. Ltd.
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental Analysis
- 9.9Schneider Electric SE
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5Recent strategies and developments:
- 9.9.5.1Partnerships, Collaborations, and Agreements:
- 9.9.6SWOT Analysis
- 9.10.Emerson Electric Co.
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5SWOT Analysis
LIST OF TABLES
- TABLE 1Asia Pacific AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 2Asia Pacific AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 3Asia Pacific AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 4Asia Pacific AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 5Asia Pacific New Sales Market by Country, 2019 - 2022, USD Million
- TABLE 6Asia Pacific New Sales Market by Country, 2023 - 2030, USD Million
- TABLE 7Asia Pacific Aftermarket Market by Country, 2019 - 2022, USD Million
- TABLE 8Asia Pacific Aftermarket Market by Country, 2023 - 2030, USD Million
- TABLE 9Asia Pacific AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 10Asia Pacific AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 11Asia Pacific 1,000 HP up to 10,000 HP Market by Country, 2019 - 2022, USD Million
- TABLE 12Asia Pacific 1,000 HP up to 10,000 HP Market by Country, 2023 - 2030, USD Million
- TABLE 13Asia Pacific 10,000 HP up to 20,000 HP Market by Country, 2019 - 2022, USD Million
- TABLE 14Asia Pacific 10,000 HP up to 20,000 HP Market by Country, 2023 - 2030, USD Million
- TABLE 15Asia Pacific 20,000 HP up to 30,000 HP Market by Country, 2019 - 2022, USD Million
- TABLE 16Asia Pacific 20,000 HP up to 30,000 HP Market by Country, 2023 - 2030, USD Million
- TABLE 17Asia Pacific AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 18Asia Pacific AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 19Asia Pacific Industrial Machinery Market by Country, 2019 - 2022, USD Million
- TABLE 20Asia Pacific Industrial Machinery Market by Country, 2023 - 2030, USD Million
- TABLE 21Asia Pacific HVAC Market by Country, 2019 - 2022, USD Million
- TABLE 22Asia Pacific HVAC Market by Country, 2023 - 2030, USD Million
- TABLE 23Asia Pacific Transportation Market by Country, 2019 - 2022, USD Million
- TABLE 24Asia Pacific Transportation Market by Country, 2023 - 2030, USD Million
- TABLE 25Asia Pacific Others Market by Country, 2019 - 2022, USD Million
- TABLE 26Asia Pacific Others Market by Country, 2023 - 2030, USD Million
- TABLE 27Asia Pacific AC Electric Motor Market by Country, 2019 - 2022, USD Million
- TABLE 28Asia Pacific AC Electric Motor Market by Country, 2023 - 2030, USD Million
- TABLE 29China AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 30China AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 31China AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 32China AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 33China AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 34China AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 35China AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 36China AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 37Japan AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 38Japan AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 39Japan AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 40Japan AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 41Japan AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 42Japan AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 43Japan AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 44Japan AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 45India AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 46India AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 47India AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 48India AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 49India AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 50India AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 51India AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 52India AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 53South Korea AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 54South Korea AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 55South Korea AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 56South Korea AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 57South Korea AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 58South Korea AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 59South Korea AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 60South Korea AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 61Singapore AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 62Singapore AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 63Singapore AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 64Singapore AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 65Singapore AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 66Singapore AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 67Singapore AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 68Singapore AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 69Malaysia AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 70Malaysia AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 71Malaysia AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 72Malaysia AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 73Malaysia AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 74Malaysia AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 75Malaysia AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 76Malaysia AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 77Rest of Asia Pacific AC Electric Motor Market, 2019 - 2022, USD Million
- TABLE 78Rest of Asia Pacific AC Electric Motor Market, 2023 - 2030, USD Million
- TABLE 79Rest of Asia Pacific AC Electric Motor Market by Sales Type, 2019 - 2022, USD Million
- TABLE 80Rest of Asia Pacific AC Electric Motor Market by Sales Type, 2023 - 2030, USD Million
- TABLE 81Rest of Asia Pacific AC Electric Motor Market by Output Power, 2019 - 2022, USD Million
- TABLE 82Rest of Asia Pacific AC Electric Motor Market by Output Power, 2023 - 2030, USD Million
- TABLE 83Rest of Asia Pacific AC Electric Motor Market by End-Use, 2019 - 2022, USD Million
- TABLE 84Rest of Asia Pacific AC Electric Motor Market by End-Use, 2023 - 2030, USD Million
- TABLE 85Key Information - WEG Equipamentos Eletricos SA
- TABLE 86Key Information - Toshiba Corporation
- TABLE 87Key Information - General Electric Company
- TABLE 88Key Information - Hitachi, Ltd.
- TABLE 89Key Information - ABB Ltd.
- TABLE 90Key Information - Nidec Corporation
- TABLE 91Key Information - Siemens AG
- TABLE 92Key Information - Kirloskar Electric Co., Ltd.
- TABLE 93Key Information - Schneider Electric SE
- TABLE 94Key Information - Emerson Electric Co.
