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Europe Alternating Current (AC) Motor Market Size (2024 - 2029)

The Europe Alternating Current (AC) Motor market is experiencing growth driven by increasing demand for energy-efficient and high-performance motors, particularly in industrial applications and household appliances. Regulatory measures by the EU aimed at enhancing energy efficiency are further propelling the market. Despite challenges such as high maintenance requirements for powerful motors and supply chain disruptions due to global events, the market's expansion is supported by the rising adoption of AC motors in automation and HVAC applications. Europe, with significant import activity from countries like Germany, Italy, France, and the Netherlands, remains a substantial market for AC motors, despite competitive pressures from suppliers like China.

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Market Size of Europe Alternating Current (AC) Motor Industry

Europe Alternating Current Motor Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.20 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Alternating Current (AC) Motor Market Analysis

The Europe Alternating Current (AC) Motor market is expected to register a CAGR of 4.2% over the forecast period (2022-2027). The demand for AC motors is rising owing to their capability to operate at higher voltages and energy efficiency with greater torque and speed.

  • The AC motors are comparatively easy to maintain and are being used increasingly in the production of motor vehicles. Also, the growing adoption of energy-efficient motors for industrial applications and low energy consumption are the major factors responsible for the increasing demand for electric motors in Europe.
  • The new EU eco-design measures for electric motors and variable speed drives came into effect on 1 July 2021, aimed at improving the energy efficiency of these products across the EU. The new regulation reflects technological progress and market evolution. Furthermore, according to European Commission, the overall effect of the newly revised regulation will increase to 110 TWh by 2030, which is equivalent to the electricity consumption of the Netherlands. Such initiatives of the EU for the deployment of super-efficient appliances and increasing focus on energy-efficient electric motors & drives are creating demand for AC motors in the region.
  • Moreover, the growing adoption of AC motors in the automation of industrial processes, increasing demand for electric AC motor-operated household appliances, and growing use in HVAC applications are responsible for the growth of the electric AC motors market. However, motors with high powers generate extensive vibration and require high maintenance, hindering market growth.
  • According to the Ministry of Foreign Affairs, Europe is a larger market for AC motors as Germany is one of the large importers of AC motors, followed by Italy, France, and the Netherlands. China is a strong and price-competitive supplier, dominating supplies of AC motors to Europe.
  • The global supply chain disruptions due to the Covid-19 pandemic are the recent case of impacts on the AC motors in the region. The slowdown of several industries created due to the shutdown affected the market. Further, the trade war between the US and China halted the supply chain between Europe and China for motor components and spare parts as the major regional countries largely import the motors and related spare parts from China.

Europe Alternating Current (AC) Motor Industry Segmentation

AC motor converts electric energy into mechanical energy using electromagnetic induction. These motors are different from DC motors in their use and find applications in home appliances, water pumps, machine tools, Compressors, etc. Europe Alternating Current (AC) Motor Market is segmented By Type (Induction AC Motors, Synchronous AC Motors) and end-user Industry (Oil & Gas, Chemical & Petrochemical, Power Generation, Water & Wastewater, Metal & Mining, Food & Beverage, Discrete Industries) and Country.

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Europe Alternating Current (AC) Motor Market Size Summary

The Europe Alternating Current (AC) Motor market is experiencing a notable growth trajectory, driven by the increasing demand for energy-efficient and high-performance motors across various sectors. The adoption of AC motors is being propelled by their ability to operate at higher voltages, offering greater torque and speed, which makes them ideal for industrial applications and the automotive sector. The implementation of EU eco-design measures aimed at enhancing energy efficiency further bolsters the market, as these regulations encourage the use of super-efficient electric motors and drives. The growing trend towards automation in industrial processes and the rising demand for electric AC motor-operated household appliances also contribute to the market's expansion. However, challenges such as high maintenance requirements for powerful motors and supply chain disruptions due to global events like the Covid-19 pandemic and trade tensions between the US and China have impacted market dynamics.

The market landscape is characterized by a mix of domestic and global players, including prominent companies like ABB, Nidec Corporation, and Siemens, which are actively engaged in product innovation and capacity expansion to strengthen their market presence. The European market is particularly robust, with Germany, Italy, France, and the Netherlands being significant importers of AC motors, largely sourced from competitive suppliers in China. The automotive industry's shift towards electric vehicles, supported by government initiatives to reduce greenhouse gas emissions, is expected to further drive the demand for AC motors. Additionally, increased investments in manufacturing and R&D, particularly in the semiconductor sector, are anticipated to create new opportunities for market growth. The focus on sustainability and energy efficiency, driven by stringent EU regulations and rising urbanization, is expected to continue propelling the demand for AC motors in the region.

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Europe Alternating Current (AC) Motor Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Market

Europe Alternating Current (AC) Motor Market Size FAQs

The Europe Alternating Current (AC) Motor Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)

ABB, Siemens AG, Nidec Corporation, Regal Rexnord Corporation and TMEIC are the major companies operating in the Europe Alternating Current (AC) Motor Market.

Europe Alternating Current (AC) Motor Report Snapshots

Europe Alternating Current (AC) Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)