Market Size of United States AC Motor Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.60 Billion |
| Market Size (2029) | USD 4.20 Billion |
| CAGR (2024 - 2029) | 2.75 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States AC Motor Market Analysis
The United States AC Motor Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 4.20 billion by 2029, growing at a CAGR of 2.75% during the forecast period (2024-2029).
- The demand for AC motors in the United States is driven by the industrial revolution across various sectors, including aerospace, automotive, defense, food & beverage, and the country's efforts to emerge as the leading exporter of oil and gas products.
- The increasing need for advanced technologies across various industries, integration of safety devices, increasing investment in manufacturing industries, and augmented complexity in electronics and semiconductors fuel the demand for AC motors.
- The United States is one of the largest automotive markets in the world, with a dozen of the biggest car manufacturers calling it home. These manufacturers are among the country's leading revenue sources, making it an ideal market for vendors in this region. Besides domestic auto manufacturers, foreign automobile producers have a significant demand for AC motors.
- Moreover, with increasing electricity prices and stricter energy consumption standards in the United States, demand for energy efficiency AC is expected to grow rapidly in the coming years. In addition, the development of energy-efficient motors can be significantly encouraged by strict design and production standards to improve AC motor efficiency, further supporting market growth.
- However, the growth of AC motors in the short term may be impeded by high initial costs. In addition, the market may face a significant threat from price fluctuations of basic materials.
United States 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 US alternating current (AC) motor market is segmented by type (induction AC motors (single-phase and polyphase) and synchronous AC motors (DC excited rotor, permanent magnet, hysteresis motor, and reluctance motor)) and end-user industry (oil & gas, chemical & petrochemical, power generation, water & wastewater, metal & mining, food & beverage, and discrete industries). The report offers market size and forecasts for all the above segments in value (USD).
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| Other End-user Industries |
United States AC Motor Market Size Summary
The United States AC Motor Market is poised for steady growth over the forecast period, driven by the industrial revolution across sectors such as aerospace, automotive, defense, and food & beverage. The country's position as a leading oil and gas exporter further fuels the demand for AC motors. The automotive industry, one of the largest in the world, plays a significant role in this market, with both domestic and foreign manufacturers requiring AC motors for various applications. The increasing focus on energy efficiency, prompted by rising electricity costs and stringent energy standards, is expected to boost the demand for energy-efficient AC motors. Despite the potential for growth, the market faces challenges such as high initial costs and price fluctuations of raw materials, which could impede short-term expansion.
Industrial automation and the push towards Industry 4.0 are key factors driving the AC motor market in the United States. The demand for AC motors is rising due to their reliability, low maintenance requirements, and suitability for continuous operation in various applications, including vehicles, power generation, and manufacturing. Government investments in infrastructure and renewable energy projects are expected to further support market growth. The food and beverage industry, a major manufacturing sector, also contributes to the demand for AC motors, with companies expanding production to meet the needs of a growing middle class. The market is competitive, with major players like Siemens AG, ABB Limited, and Rockwell Automation Inc. introducing innovative products to meet evolving consumer demands and technological advancements across industries.
United States AC Motor 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 Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Technology Snapshot
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1.4 Impact of 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 Motors
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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 Motors
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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 States AC Motor Market Size FAQs
How big is the United States AC Motor Market?
The United States AC Motor Market size is expected to reach USD 3.60 billion in 2024 and grow at a CAGR of 2.75% to reach USD 4.20 billion by 2029.
What is the current United States AC Motor Market size?
In 2024, the United States AC Motor Market size is expected to reach USD 3.60 billion.
