France Alternating Current (AC) Motor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 707.26 Million |
| Market Size (2029) | USD 842.04 Million |
| CAGR (2024 - 2029) | 3.55 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Alternating Current (AC) Motor Market Analysis
The France Alternating Current Motor Market size is estimated at USD 707.26 million in 2024, and is expected to reach USD 842.04 million by 2029, growing at a CAGR of 3.55% during the forecast period (2024-2029).
- The rapid adoption of Industry 4.0 in the French industrial sector and growing industrial production drive the market's growth. Industry 4.0, the fourth industrial revolution, integrates modern technologies and digital solutions into production processes to build intelligent factories and improve production efficiency. AC motors have several applications, including robotics, conveyor belts, CNC and machine tooling, and food and beverage packaging applications.
- For instance, the French government started the Nouvelle France Industrielle program to help the industry navigate the digitalization process. The variety of help for Industry 4.0 is proof of its wide acknowledgment as a distinct advantage to industry and the energy sector.
- AC motors are widely used in systems for electric power steering, electric vehicle propulsion, electric braking systems, and HVAC systems. Additionally, robots are commonly used in automotive assembly lines for automated chassis assembly, material handling, and painting tasks. The rising production of the automotive industry creates numerous opportunities for AC motor manufacturers. For instance, according to the OICA, in 2023, nearly 1.5 million motor vehicles were produced in France, 68.2% of which were passenger cars.
- Many organizations still lack information about measures that reduce energy usage, installation of energy-efficient solutions, information on numerous energy-efficiency opportunities, and the technologies for enhancing the performance of the utilized energy. This challenges the market's growth, resulting in a low implementation rate of AC motors. Moreover, many industrial facilities still operate with legacy systems and equipment incompatible with AC motors. Upgrading or integrating new technologies with existing systems can be complex and may require significant changes.
- The market experienced a significant slowdown, particularly in its initial phase, due to supply chain disruptions from the Russia-Ukraine conflict and heightened inflation rates. These factors notably curtailed consumer spending and investments, directly impacting the industrial sector's growth.
France Alternating Current (AC) Motor Market Trends
Poly Phase Induction AC Motors are Expected to Hold Significant Market Share
- Most large (> one hp or 1 kW) industrial motors tend to be polyphase induction motors. By polyphase, it is implied that the stator consists of multiple distinct windings per motor pole, driven by corresponding time-shifted sine waves. Typically, this is two or three phases.
- In various industrial applications, ranging from machine tools and printing presses to conveyor systems, two-phase motors find utility for propulsion. They also see applications in household equipment like air conditioners and washing machines. With the prevalence of three-phase electricity in modern electric motors, the popularity of two-phase motors has waned. This shift is largely due to the superior efficiency and smoother operation of three-phase motors, making them increasingly favored across diverse industrial applications.
- Due to their high motor speed control and torque, three-phase induction motors are used widely. Different high-grade and low-volume industries utilize three-phase motors for constant torque, efficiency, and variable frequency.
- Moreover, the French strategy for 2030 is to accelerate the reindustrialization of the economy by focusing on the critical role of industrial and DeepTech startups. Among the EUR 30 billion (USD 32.56 billion) of the France 2030 plan, EUR 2.3 billion (USD 2.50 billion) will boost technological and industrial innovation. Under the France 2030 investment plan, it will allocate EUR 800 million (USD 868.22 million) to automation and EUR 400 million to plant modernization. The government plans to invest EUR 7 billion (USD 7.60 billion) in this promising technology by 2030. Such government initiatives in the automation sector further create demand for AC motors.
- Additionally, several industrial growth projects are underway in the nation, which is predicted to increase demand for AC motors. In 2023, 559 projects recorded targeted by 'France 2030" accounted for 31% of the total investments. Such industrial developments will create a demand for AC motors in the country.
The Discrete Industries Segment is Expected to Hold a Significant Market Share
- The discrete industries segment, including automotive manufacturing, electronics, and machinery, is expected to hold a significant share of the French AC motor market. France is the major exporter of aircraft, vehicles, electrical machinery, and pharmaceuticals. AC motors find their applications in the manufacture of electronics, ranging from the design and maintenance of simple electrical fuses to complicated programmable logic controllers (PLCs), solid-state devices, and motor drives, which can handle the automation of all types of modern-day electrical and mechanical industrial processes.
- The increasing production costs and the need for high-quality products at affordable prices have motivated manufacturers in discrete industries to develop automation solutions that enhance productivity in plant operations. As a result, they have been driven to adopt highly efficient power transmission motor technologies.
- Regarding energy consumption and carbon emissions levels, companies offer environmentally friendly solutions for their technologies and processes in response to the increasing population, escalating environmental challenges, and emerging energy scarcity. The decrease in carbon dioxide emissions by energy-efficient motors and the contribution to a healthier environment are significant factors anticipated to propel the market.
- France began a national energy-saving strategy, relying on a drive to turn off lighting and decrease temperatures to avert power and gas outages this winter. To achieve carbon neutrality by lowering electricity use by 40% by 2050, the administration has set a goal of decreasing France's energy usage by 10% from 2019 to 2024. These initiatives are expected to increase the demand for AC motors to reduce power wastage, thus boosting the market's growth.
- Increasing awareness regarding the use of energy-efficient engines and the growing adoption of electric vehicles across the country are anticipated to support the market's growth during the forecast period. In September 2023, Verkor, a French startup firm, secured EUR 850 million (USD 922.49 million) in private financing to construct a gigafactory for electric car batteries, which drives the government's ambitions to reindustrialize the country.
France Alternating Current (AC) Motor Industry Overview
The French alternating current (AC) motor market is highly fragmented, owing to the presence of prominent market players such as Rockwell Automation Inc., Siemens AG, Johnson Electric, Nidec Corporation, and ABB Ltd. Market players are increasingly turning to partnerships and acquisitions to boost their product portfolios and secure lasting competitive edges.
- March 2024: ABB launched Baldor-Reliance SP4 motors, which is ABB’s solution for a more sustainable and efficient future driven by the need to reduce energy consumption. The idea is simple: take a proven AC induction motor design and improve it by reducing motor losses by an average of 20% while maintaining the simplicity, form, fit, and function of today’s installed base of AC induction motors. ABB’s SP4 technology meets the NEMA Super Premium® efficiency level in a standard AC induction motor design operating across the line, independently of a variable speed drive.
- November 2023: WEG, a prominent player in motors and drive technology, introduced its latest innovation, the W23 Sync+ motor line. This hybrid marvel includes permanent magnet (PM), ferrite or neodymium magnets, and synchronous reluctance (SynRM) technologies, delivering superior efficiency across all speeds compared to traditional induction motors. The W23 Sync+ spans frame sizes from IEC 80 to 450 (equivalent to NEMA 140 to 7000), offering a broad operational range from 750 to 6000 rpm, maintaining constant torque without forced ventilation. With power ratings ranging from 0.75 to 1250 kW, it is compatible with power supplies of 240/415 V, 220/380 V, 230/400 V, and 400/690 V.
France Alternating Current (AC) Motor Market Leaders
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Rockwell Automation Inc.
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Siemens AG
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Johnson Electric
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Nidec Corporation
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ABB Ltd.
*Disclaimer: Major Players sorted in no particular order
France Alternating Current (AC) Motor Market News
- February 2024: ABB introduced an upgraded iteration of its IE5 SynRM (synchronous reluctance motor) series, boasting exceptional energy efficiency and an innovative liquid cooling system. This new design achieves remarkable power output and ensures heightened reliability within a compact form factor. The IE5 SynRM Liquid-cooled motors empower customers to curtail energy expenses and reduce emissions, whether integrated into new projects or as a retrofit for older, less efficient motors. Their versatility extends across various sectors, from marine propulsion to rubber and plastics manufacturing and even the food and beverage industry.
- September 2023: WEG SA acquired Regal Rexnord Corporation's industrial electric motors and generators division. This strategic move specifically targets the assets of Marathon, Cemp, and Rotor brands, all housed under Regal Rexnord's Industrial Systems operational arm. By integrating these established brands and their product lines, WEG aims to bolster its position in the industrial electric motors and generators markets, further enhancing its existing portfolio.
France Alternating Current (AC) Motor Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Technology Snapshot
4.4 Analysis of Macroeconomic Factors Affecting the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Growing Manufacturing Sector in the Country is Expected to Drive the Market's Growth
5.1.2 Demand for Energy Efficiency due to Government Regulations
5.2 Market Challenges
5.2.1 High Initial Cost
6. MARKET SEGMENTATION
6.1 Induction AC Motors
6.1.1 Single Phase
6.1.2 Poly Phase
6.2 Synchronous AC Motors
6.2.1 DC Excited Rotor
6.2.2 Permanent Magnet
6.2.3 Hysteresis Motor
6.2.4 Reluctance Motor
6.3 By End-User Industry
6.3.1 Oil and Gas
6.3.2 Chemical and Petrochemical
6.3.3 Power Generation
6.3.4 Water and Wastewater
6.3.5 Metal and Mining
6.3.6 Food and Beverage
6.3.7 Discrete Industries
6.3.8 Other End-user Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Rockwell Automation
7.1.2 Siemens AG
7.1.3 Johnson Electric Holdings Limited
7.1.4 Nidec Corporation
7.1.5 ABB Ltd
7.1.6 Franklin Electric Co. Inc.
7.1.7 WEG Electric Corporation
7.1.8 Yaskawa Electric Corporation
7.1.9 Bosch Rexroth AG (ROBERT Bosch GmbH)
7.1.10 Fuji Electric Co. Ltd
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
France Alternating Current (AC) Motor Industry Segmentation
An AC Motor is an electrical motor that converts electrical energy into mechanical power using electromagnetic induction. The study tracks the revenue accrued through the sale of AC motors by various players in France. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates during the forecast period. The study further analyses the overall impact of the aftereffects of the COVID-19 pandemic and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The alternating current (AC) motor market is segmented by induction AC motors (single phase and poly phase), synchronous AC motors (DC excited rotor, permanent magnet, hysteresis motor, and reluctance motor), and end-user industry (oil and gas, chemical and petrochemical, power generation, water and wastewater, metal and mining, food and beverage, discrete industries, and other end-user industries). The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| Induction AC Motors | |
| Single Phase | |
| Poly Phase |
| Synchronous AC Motors | |
| DC Excited Rotor | |
| Permanent Magnet | |
| Hysteresis Motor | |
| Reluctance Motor |
| By End-User Industry | |
| Oil and Gas | |
| Chemical and Petrochemical | |
| Power Generation | |
| Water and Wastewater | |
| Metal and Mining | |
| Food and Beverage | |
| Discrete Industries | |
| Other End-user Industries |
France Alternating Current (AC) Motor Market Research FAQs
How big is the France Alternating Current Motor Market?
The France Alternating Current Motor Market size is expected to reach USD 707.26 million in 2024 and grow at a CAGR of 3.55% to reach USD 842.04 million by 2029.
What is the current France Alternating Current Motor Market size?
In 2024, the France Alternating Current Motor Market size is expected to reach USD 707.26 million.
Who are the key players in France Alternating Current Motor Market?
Rockwell Automation Inc., Siemens AG, Johnson Electric, Nidec Corporation and ABB Ltd. are the major companies operating in the France Alternating Current Motor Market.
What years does this France Alternating Current Motor Market cover, and what was the market size in 2023?
In 2023, the France Alternating Current Motor Market size was estimated at USD 682.15 million. The report covers the France Alternating Current Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Alternating Current Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Alternating Current (AC) Motor Industry Report
Statistics for the 2024 France Alternating Current (AC) Motor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Alternating Current (AC) Motor analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
