The United States AC Motor Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 4.20 billion by 2029, growing at a CAGR of 2.75% during the forecast period (2024-2029).
The US AC motor market is competitive with various large, medium, and small players. The market players are introducing innovative products to cater to the growing consumer demands. Major players in the market include Siemens AG, Kirloskar Electric Company, Johnson Electric, Rockwell Automation Inc., Franklin Electric Co. Inc., and ABB Limited. Technological advances in various industries, including healthcare, energy, and infrastructure, will boost the market growth.
In June 2023, ABB Ltd announced the launch of the new generation AMI 5800 NEMA modular induction motor to offer exceptional energy efficiency and reliability in demanding applications such as compressors, fans, pumps, extruders, conveyors, and crushers. The AMI 5800 motor is an actual NEMA design that builds on ABB’s technology leadership and meets both electrical performance requirements and mechanical mounting standards.
In June 2023, Toshiba Mitsubishi-Electric Industrial Systems Corporation announced the development of a synchronous reluctance motor that applies the technology from the high-efficiency IE5 synchronous reluctance motor and boasts more than 10 times the continuous rated torque 8.5k Nm compared to the company’s conventional lineup.
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