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

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 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.