North America Induction AC Electric Motor Market Report and Forecast 2024-2032

North America Induction AC Electric Motor Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the North America induction AC electric motor market is projected to grow at a CAGR of 13% between 2024 and 2032. Aided by the escalating demand for energy-efficient motors and the widespread adoption of these motors across various sectors, the market is expected to grow significantly by 2032.

Induction AC electric motors, renowned for their robustness and efficiency, are pivotal components in a myriad of applications, spanning from industrial machinery to household appliances. These motors operate on the principle of electromagnetic induction and are favoured for their durability, low maintenance, and energy-efficient performance.

The surge in the North America induction AC electric motor market growth is predominantly attributed to the burgeoning demand for energy-efficient motors. In an era where sustainability is paramount, industries are progressively transitioning towards energy-saving solutions. Induction AC electric motors, with their inherent efficiency, are increasingly being deployed in industrial settings, thereby stimulating market growth.

Furthermore, the escalating adoption of these motors in the automotive sector, particularly in electric and hybrid vehicles, is a significant factor boosting the North America induction AC electric motor market demand. With the automotive industry gravitating towards electrification, the demand for reliable and efficient electric motors is on the rise, thereby fuelling the market expansion.

The versatility of induction AC electric motors, finding applications in diverse industries such as manufacturing, HVAC (heating, ventilation, and air conditioning), and consumer electronics, is another catalyst for market growth. Their adaptability across different power ratings and capacities makes them indispensable in various industrial processes.

The adoption of advanced technologies, including the integration of IoT (Internet of Things) and AI (Artificial Intelligence) in motor systems for enhanced performance monitoring and predictive maintenance, is also impacting the North America induction AC electric motor market outlook. These technological advancements not only improve the efficiency of the motors but also reduce downtime, thereby optimising industrial processes.

The North American market is also benefiting from favourable government policies and regulations aimed at promoting energy efficiency. Incentives and standards set by governing bodies to encourage the use of energy-efficient motors are positively influencing market dynamics.

Market Segmentation

The market can be divided based on type, efficiency rating, speed, application, and country.

Market Breakup by Type
  • < 1 kV
  • 1 kV – 6 kV
  • > 6 kV
Market Breakup by Efficiency Rating
  • IE1
  • IE2
  • IE3
  • IE4
Market Breakup by Speed
  • Ultra-High-Speed Motors
  • High-Speed Motors
  • Medium Speed Motors
  • Low Speed Motors
Market Breakup by Application
  • Industrial
  • Motor Vehicle
  • HVAC
  • Household
  • Others
Market Breakup by Country
  • United States
  • Canada
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America induction AC electric motor market. Some of the major players explored in the report by Expert Market Research are as follows:
  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Siemens AG
  • ARC Systems, Inc.
  • Emerson Electric Co.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 North America Induction AC Electric Motor Market Analysis
8.1 Key Industry Highlights
8.2 North America Induction AC Electric Motor Historical Market (2018-2023)
8.3 North America Induction AC Electric Motor Market Forecast (2024-2032)
8.4 North America Induction AC Electric Motor Market by Type
8.4.1 < 1 kV
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 1 kV – 6 kV
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 > 6 kV
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 North America Induction AC Electric Motor Market by Efficiency Rating
8.5.1 IE1
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 IE2
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 IE3
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 IE4
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 North America Induction AC Electric Motor Market by Speed
8.6.1 Ultra-High-Speed Motors
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 High-Speed Motors
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Medium Speed Motors
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Low Speed Motors
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 North America Induction AC Electric Motor Market by Application
8.7.1 Industrial
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Motor Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 HVAC
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Household
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 North America Induction AC Electric Motor Market by Country
8.8.1 United States
8.8.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Type
9.1.4 Breakup by Efficiency Rating
9.1.5 Breakup by Speed
9.1.6 Breakup by Application
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Type
9.2.4 Breakup by Efficiency Rating
9.2.5 Breakup by Speed
9.2.6 Breakup by Application
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABB Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Rockwell Automation, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Siemens AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 ARC Systems, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Emerson Electric Co.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Induction AC Electric Motor Market: Key Industry Highlights, 2018 and 2032
2. North America Induction AC Electric Motor Historical Market: Breakup by Type (USD Billion), 2018-2023
3. North America Induction AC Electric Motor Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. North America Induction AC Electric Motor Historical Market: Breakup by Efficiency Rating (USD Billion), 2018-2023
5. North America Induction AC Electric Motor Market Forecast: Breakup by Efficiency Rating (USD Billion), 2024-2032
6. North America Induction AC Electric Motor Historical Market: Breakup by Speed (USD Billion), 2018-2023
7. North America Induction AC Electric Motor Market Forecast: Breakup by Speed (USD Billion), 2024-2032
8. North America Induction AC Electric Motor Historical Market: Breakup by Application (USD Billion), 2018-2023
9. North America Induction AC Electric Motor Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. North America Induction AC Electric Motor Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Induction AC Electric Motor Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. North America Induction AC Electric Motor Market Structure

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