The global electric AC motors market is valued at approximately USD 127.9 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2032. The increasing adoption of energy-efficient motors, rapid industrial automation, and expanding electric vehicle (EV) market are some of the primary factors fueling the market growth. AC motors play a crucial role in various industries, including HVAC, automotive, industrial machinery, and renewable energy systems, owing to their high efficiency, durability, and low maintenance.
Rising concerns about energy conservation and stringent regulations mandating the use of energy-efficient equipment are further propelling the demand for AC motors with improved operational efficiency. Manufacturers are incorporating IoT-enabled smart motors, variable frequency drives (VFDs), and high-performance materials to enhance performance and durability. Additionally, the increasing penetration of electric vehicles (EVs) has resulted in higher demand for AC motors in the automotive industry, particularly for traction motors used in EV powertrains.
The rising investments in renewable energy infrastructure, particularly in wind turbines and solar power plants, have also contributed to the increasing adoption of high-efficiency synchronous AC motors. Governments across the globe are supporting initiatives to reduce carbon emissions and transition towards green energy, further fueling the demand for smart and sustainable motor technologies.
However, the market faces challenges related to fluctuating raw material prices, high initial investment costs for premium efficiency motors, and complexities associated with integrating smart motor technologies into existing industrial frameworks. Nevertheless, the growing adoption of automation, smart manufacturing, and AI-powered motor diagnostics is expected to create significant growth opportunities for the market over the forecast period.
From a regional perspective, Asia-Pacific dominated the global electric AC motors market in 2023, holding a 41.7% market share, driven by rapid industrialization, infrastructure development, and the presence of major motor manufacturers. China, in particular, is a key player in the global market due to strong domestic demand, government policies favoring energy efficiency, and a rapidly growing EV sector. Meanwhile, North America and Europe are witnessing increased adoption of energy-efficient motors, primarily due to regulatory frameworks promoting sustainability and electrification in industries such as automotive, HVAC, and manufacturing.
Major Market Players Included in This Report:
• ABB
• Siemens
• TOSHIBA CORPORATION
• Johnson Electric Holdings Limited
• Allied Motion, Inc
• Rockwell Automation
• AMETEK, Inc
• Schneider Electric
• Nidec Corporation
• Regal Rexnord Corporation
• Wolong Electric Group
• Hyosung Corporation
• Kirloskar Electric Company
• TECO Electric & Machinery Co., Ltd.
• Mitsubishi Electric Corporation
The Detailed Segments and Sub-segments of the Market Are Explained Below:
By Type:
• Synchronous AC Motor
• Induction AC Motor
By Power Output:
• Integral HP Output
• Fractional HP Output
By End Use:
• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others
By Region:
North America:
• U.S.
• Canada
• Mexico
Europe:
• Germany
• France
• Italy
• Spain
• UK
Asia Pacific:
• China
• Japan
• India
• South Korea
• Australia
Latin America:
• Brazil
• Argentina
Middle East & Africa:
• Saudi Arabia
• UAE
• South Africa
Years Considered for the Study Are Follows:
• Historical Year – 2022
• Base Year – 2023
• Forecast Period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecasts for 10 years (2022-2032)
• Annualized revenue and regional-level analysis for each market segment
• Detailed geographical landscape with country-level analysis of major regions
• Competitive landscape with insights on key market players
• Analysis of key business strategies and recommendations for future market approach
• Evaluation of competitive structure within the market
• Demand-side and supply-side market analysis
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- Chapter 1. Global Electronic Packaging Market Executive Summary
- 1.1. Global Electronic Packaging Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By End-Use
- 1.4. Key Market Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global Electronic Packaging Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion Criteria
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Raw Material Availability
- 2.3.3.2. Manufacturing Capabilities & Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Adoption Trends & Consumer Preferences
- 2.3.4.2. Technological Advancements in Packaging
- 2.3.4.3. Environmental Regulations & Compliance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Electronic Packaging Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Growing Demand for Miniaturization in Electronics
- 3.1.2. Increasing Adoption of Advanced Semiconductor Packaging
- 3.1.3. Rising Popularity of 5G, AI, and IoT Technologies
- 3.2. Market Challenges
- 3.2.1. Supply Chain Disruptions & Raw Material Price Volatility
- 3.2.2. Environmental Concerns Over Packaging Waste
- 3.2.3. Complex Manufacturing & High Capital Investments
- 3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets & Semiconductor Hubs
- 3.3.2. Development of Sustainable and Biodegradable Packaging Solutions
- 3.3.3. Advances in Chiplet Technology & Heterogeneous Integration
- Chapter 4. Global Electronic Packaging Market Industry Analysis
- 4.1. Porter’s Five Forces Analysis
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political Factors
- 4.2.2. Economic Trends & Inflation Impact
- 4.2.3. Social Factors & Consumer Behavior
- 4.2.4. Technological Developments in Advanced Packaging
- 4.2.5. Environmental Regulations & Green Initiatives
- 4.2.6. Legal & Compliance Considerations
- 4.3. Key Investment Opportunities
- 4.4. Top Winning Strategies in the Market
- 4.5. Industry Expert Perspectives
- 4.6. Analyst Recommendations & Conclusion
- Chapter 5. Global Electronic Packaging Market Size & Forecast by Material (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Revenue Trend Analysis by Material, 2022 & 2032 (USD Billion)
- 5.2.1. Plastic
- 5.2.2. Metal
- 5.2.3. Glass
- 5.2.4. Others
- Chapter 6. Global Electronic Packaging Market Size & Forecast by End-Use (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Revenue Trend Analysis by End-Use, 2022 & 2032 (USD Billion)
- 6.2.1. Consumer Electronics
- 6.2.2. Automotive
- 6.2.3. Aerospace & Defence
- 6.2.4. Healthcare
- 6.2.5. Others
- Chapter 7. Global Electronic Packaging Market Size & Forecast by Region (2022-2032)
- 7.1. North America Electronic Packaging Market
- 7.1.1. U.S. Electronic Packaging Market
- 7.1.2. Canada Electronic Packaging Market
- 7.1.3. Mexico Electronic Packaging Market
- 7.2. Europe Electronic Packaging Market
- 7.2.1. U.K. Electronic Packaging Market
- 7.2.2. Germany Electronic Packaging Market
- 7.2.3. France Electronic Packaging Market
- 7.2.4. Italy Electronic Packaging Market
- 7.2.5. Spain Electronic Packaging Market
- 7.2.6. Rest of Europe
- 7.3. Asia Pacific Electronic Packaging Market
- 7.3.1. China Electronic Packaging Market
- 7.3.2. India Electronic Packaging Market
- 7.3.3. Japan Electronic Packaging Market
- 7.3.4. South Korea Electronic Packaging Market
- 7.3.5. Australia Electronic Packaging Market
- 7.3.6. Rest of Asia Pacific
- 7.4. Central & South America Electronic Packaging Market
- 7.4.1. Brazil Electronic Packaging Market
- 7.4.2. Argentina Electronic Packaging Market
- 7.4.3. Rest of Central & South America
- 7.5. Middle East & Africa Electronic Packaging Market
- 7.5.1. Saudi Arabia Electronic Packaging Market
- 7.5.2. UAE Electronic Packaging Market
- 7.5.3. South Africa Electronic Packaging Market
- 7.5.4. Rest of Middle East & Africa
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. UFP Technologies, Inc
- 8.1.2. Sealed Air Corporation
- 8.1.3. DuPont de Nemours, Inc.
- 8.2. Top Market Strategies Adopted by Key Players
- 8.3. Company Profiles
- 8.3.1. UFP Technologies, Inc
- 8.3.2. Sealed Air Corporation
- 8.3.3. DuPont de Nemours, Inc.
- 8.3.4. SCHOTT AG
- 8.3.5. Sonoco Products Company
- 8.3.6. Amkor Technology
- 8.3.7. ASE Group
- 8.3.8. Jabil
- 8.3.9. Mondi plc
- 8.3.10. DS Smith plc
- Chapter 9. Research Process
- 9.1. Research Methodology
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- List of Tables
- Table 1: Global Electronic Packaging Market Scope & Definitions
- Table 2: Market Estimates & Forecast by Region, 2022-2032 (USD Billion)
- Table 3: Market Estimates & Forecast by Material, 2022-2032 (USD Billion)
- Table 4: Market Estimates & Forecast by End-Use, 2022-2032 (USD Billion)
- (Additional tables available in the final report)
- List of Figures
- Figure 1: Global Electronic Packaging Market Research Methodology
- Figure 2: Market Growth Projections for Electronic Packaging (2022-2032)
- Figure 3: Revenue Forecast by Region, 2022 & 2032 (USD Billion)
- Figure 4: Key Market Trends in Electronic Packaging
- Figure 5: Regional Demand Trends for Electronic Packaging
- Figure 6: Impact of Regulatory Frameworks on Electronic Packaging Industry
- (Additional figures available in the final report)
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