Market Size of United Kingdom AC Motors Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 674.40 Million |
Market Size (2029) | USD 758.80 Million |
CAGR (2024 - 2029) | 2.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United Kingdom AC Motors Market Analysis
The United Kingdom AC Motors Market size is estimated at USD 674.40 million in 2024, and is expected to reach USD 758.80 million by 2029, growing at a CAGR of 2.40% during the forecast period (2024-2029).
Alternating current (AC) motors convert electrical energy to mechanical energy. They usually consist of a stator with a coil supplied with alternating current, which is then converted into mechanical power. AC motors can be single-phase or three-phase. Single-phase AC motors are primarily used for small power conversion, but three-phase motors are used for applications requiring more extensive power conversion.
• The demand for AC motors is anticipated to increase in the United Kingdom due to several factors. For instance, since its exit from the European Union, the need to support the industrial sector's growth is imminent. As a result, the UK government has taken several initiatives to support the sector's growth, driving opportunities in the market studied as AC motors are widely used in industrial applications to drive industrial equipment/machinery.
• The demand for AC motors in the United Kingdom is also anticipated to be driven by the growing proliferation of industrial automation and robotic solutions. Although the country lags in terms of industrial robot density compared to its European counterparts, such as Germany, Sweden, Switzerland, Slovenia, and Denmark, the recent shift in the outlook of the government and industrial enterprises toward advanced technologies is expected to create a favorable ecosystem for the market's growth.
• AC motors are also widely used in several household appliances, including washing machines, water pumps, and drills. According to AMDEA, the UK's trade association for the manufacturers of domestic appliances, the share of household appliances is significant in the United Kingdom. In 2023, about 15 million large and 60 million small appliances were sold in the United Kingdom. Such trends are also anticipated to support the demand for AC motors in the United Kingdom over the coming years.
• However, the higher initial cost involved, especially in AC motors used for industrial/commercial applications, remains a major challenge for the market's growth in the country. Furthermore, the energy efficiency of AC motors is another major factor influencing their adoption.
• The COVID-19 pandemic significantly impacted the industrial sector's growth in the United Kingdom. Supply chain disruptions and demand fluctuation were among the prominent factors influencing the demand for AC motors during the pandemic, as industrial enterprises were reluctant to invest in new production facilities or plant expansion activities. However, several studies suggest the pandemic had a positive impact on consumer awareness about advanced manufacturing technologies such as automation and robotics, which is anticipated to support the market's growth in the long run by driving the adoption of advanced industrial technologies/machinery.
United Kingdom AC Motors Industry Segmentation
AC motors are electric devices that use power from an AC power supply. Their primary function is to convert electrical energy into mechanical movement. AC motors usually have features that can be configured at a low cost and are widely used to power various devices owing to easy handling features.
The UK AC motor market is segmented by type and end-user industry. By type, the market is segmented into induction AC motors and synchronous AC motors. The induction AC motor segment is further segmented into single-phase and poly-phase, while the synchronous AC motor segment is further segmented into DC excited rotor, permanent magnet, hysteresis motor, and reluctance motor. By end-user industry, the market is segmented into 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 are provided in terms of value (USD) for all the above segments.
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Other End-user Industries |
United Kingdom AC Motors Market Size Summary
The United Kingdom AC Motors Market is poised for growth, driven by the increasing demand for industrial automation and the government's initiatives to bolster the industrial sector post-Brexit. AC motors, which convert electrical energy to mechanical energy, are integral to various industrial applications, including machinery and equipment. The market is expected to benefit from the proliferation of advanced technologies such as robotics and automation, despite the UK's lower industrial robot density compared to some European counterparts. Additionally, the significant use of AC motors in household appliances further supports market expansion. However, challenges such as the high initial costs of industrial AC motors and energy efficiency concerns may impact market growth.
The UK's manufacturing sector, a key contributor to the national economy, is experiencing a resurgence, with significant investments and strategies aimed at enhancing productivity and technological advancement. The automotive and electronics industries, in particular, are driving demand for AC motors, with the automotive sector witnessing increased production and the electronics market seeing a rise in consumer goods adoption. The competitive landscape of the AC motor market is marked by the presence of several key players, including ABB Ltd, Siemens AG, and Rockwell Automation, who are actively engaging in strategic initiatives to strengthen their market positions. Recent developments, such as the launch of new technologies and partnerships, are expected to further propel the market's growth trajectory.
United Kingdom AC Motors Market Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces' Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Induction AC Motor
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2.1.1.1 Single Phase
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2.1.1.2 Poly Phase
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2.1.2 Synchronous AC Motor
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2.1.2.1 DC Excited Rotor
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2.1.2.2 Permanent Magnet
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2.1.2.3 Hysteresis Motor
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2.1.2.4 Reluctance Motor
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2.2 By End-user Industry
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2.2.1 Oil & Gas
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2.2.2 Chemical & Petrochemical
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2.2.3 Power Generation
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2.2.4 Water & Wastewater
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2.2.5 Metal & Mining
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2.2.6 Food & Beverage
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2.2.7 Discrete Industries
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2.2.8 Other End-user Industries
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United Kingdom AC Motors Market Market Size FAQs
How big is the United Kingdom AC Motors Market?
The United Kingdom AC Motors Market size is expected to reach USD 674.40 million in 2024 and grow at a CAGR of 2.40% to reach USD 758.80 million by 2029.
What is the current United Kingdom AC Motors Market size?
In 2024, the United Kingdom AC Motors Market size is expected to reach USD 674.40 million.