How big is the Germany AC Motor Market?

The Germany AC Motor Market size is expected to reach USD 1 billion in 2024 and grow at a CAGR of 3.5% to reach USD 1.18 billion by 2029. Read More

What is the current Germany AC Motor Market size?

In 2024, the Germany AC Motor Market size is expected to reach USD 1 billion. Read More

Who are the key players in Germany AC Motor Market?

ABB Ltd., Siemens AG, Nidec Corporation, Teco Electric Europe Ltd. and WEG Germany GmbH are the major companies operating in the Germany AC Motor Market. Read More

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

In 2023, the Germany AC Motor Market size was estimated at USD 0.96 billion. The report covers the Germany AC Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Germany AC Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Germany AC Motor Market Share

Statistics for the 2023 & 2024 Germany AC Motor market share, created by Mordor Intelligence™ Industry Reports. Germany 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 Germany AC Motor Industry

The German AC motor market is competitive with various large, medium, and small players. The United States AC motors industry players are introducing new innovative products to cater to the growing consumer demands. Major players in the market include Siemens AG, Nidec Corporation, WEG Germany GmbH, TECO Electric Europe Ltd, and ABB Limited. Technological advances in various industries, including healthcare, energy, and infrastructure, will boost the market growth.

In September 2023, WEG announced the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, a global manufacturer of electromechanical equipment. The acquisition will support the ongoing growth of the WEG Group in the industrial electric motors and generators markets by incorporating recognized brands and a product line that complements the Group's current portfolio.

In July 2023, Siemens AG announced that it would invest EUR 1 billion (USD 1.10 billion) in Germany to boost the country's innovative strength. Through this investment, the company will expand its development and manufacturing capacities, further enabling Siemens to accelerate its overall growth, drive innovation, and increase its resilience.