Japan AC Motor Market Size (2024 - 2029)

Japan AC Motor Market Analysis

The Japan AC Motor Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 1.29 billion by 2029, growing at a CAGR of 3.69% during the forecast period (2024-2029).

• Japan has been significantly transforming into an automated industrial economy through its Industrial version 4.0 strategies, and the country has emerged as a manufacturing hub for factory automation products and supplies to other regional markets in Asia-Pacific.
• For instance, the Government of Japan allocated USD 1.62 billion to support Japanese small and medium-sized enterprises, which includes assisting businesses in upgrading their manufacturing plant equipment, according to the report of the International Trade Administration, which would fuel the adoption of AC motors and accelerate market growth.
• The rising concern about saving energy costs by improving energy efficiency has driven the adoption of AC motors in Japan across various high energy-intensive industries such as industrial manufacturing, power generation, discrete industries, oil and gas, aerospace and defense, and mining.
• Moreover, the Japanese government’s proactive approach to reducing carbon emissions has led to supportive policies encouraging industries to embrace energy-efficient solutions. This has further increased the adoption of AC motors in various industries, including transportation and industrial automation.
• Also, Japan's food and beverage industry is prospering, owing to factors such as a higher share of the urban population and changing food consumption habits. For instance, according to the Global Organic Trade Guide, the consumption of packaged organic food in Japan is anticipated to reach a value of USD 427.1 million by 2025, compared to USD 401.4 million in 2018, thus supporting the adoption of AC motors in the food and beverages industry. Several obstacles are impeding the country's implementation of AC motors. The significant costs for the motors are the energy, maintenance, and initial purchase costs.

Japan AC Motor Industry Segmentation

An electric motor is a machine that converts an alternating current to a mechanical motion. The applications of an AC motor include industrial bulk energy conversion from electrical to mechanical and household small power conversion.

The Japanese alternating current (AC) motor market is segmented by type (induction AC motors (single phase and poly phase) and 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 beverages, and discrete industries). The report offers market size and forecasts for all the above segments in value (USD).