How big is the China AC Motor Market?

The China AC Motor Market size is expected to reach USD 2.89 billion in 2024 and grow at a CAGR of 5.29% to reach USD 10 billion by 2029. Read More

What is the current China AC Motor Market size?

In 2024, the China AC Motor Market size is expected to reach USD 2.89 billion. Read More

Who are the key players in China AC Motor Market?

Rockwell Automation Inc., Siemens AG, Johnson Electric, Nidec Corporation and ABB Ltd. are the major companies operating in the China AC Motor Market. Read More

What years does this China AC Motor Market cover, and what was the market size in 2023?

In 2023, the China AC Motor Market size was estimated at USD 2.74 billion. The report covers the China AC Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China AC Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China AC Motor Market Share

Statistics for the 2023 & 2024 China AC Motor market share, created by Mordor Intelligence™ Industry Reports. China AC Motor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of China AC Motor Industry

The Chinese AC motor market is competitive with various large, medium, and small players. The China AC motors industry players are introducing new innovative products to cater to the growing consumer demands. Major players in the market include Siemens AG, Rockwell Automation Inc., Johnson Electric, Nidec Corporation, and ABB Limited. Technological advances in various industries, including healthcare, energy, and infrastructure, will boost the market growth.

July 2023: Siemens AG announced the launch of Innomotics, a new leading motors and large drives company. Under this brand, the company will combine its business activities in geared motors, medium-voltage converters, low- to high-voltage motors, and motor spindles. The portfolio includes a digitalization portfolio, innovative solutions, and broad service offerings.
June 2023: ABB Ltd announced the introduction of its latest generation AMI 5800 NEMA modular induction motor that offers exceptional reliability and energy efficiency in demanding applications such as extruders, fans, compressors, pumps, extruders, crushers, and conveyors. The AMI 5800 motor is an actual NEMA design that builds on ABB’s technology leadership and meets both mechanical mounting standards and electrical performance requirements.