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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Induction AC Electric Motor Market Size
The North America induction AC electric motor market attained a value of about USD 5.34 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 12.7% to reach nearly USD 15.68 billion by 2032.
North America Induction AC Electric Motor Market Outlook
- The IE3 efficiency level, mandated by the US Department of Energy, has accelerated the adoption of premium efficiency motors, resulting in substantial energy savings and environmental benefits for the country.
- Increased demand for electric motors from the robotics, autonomous technology, and electric vehicle industries has driven market’s growth.
- The US is home to major AC electric motor manufacturers like Siemens, General Electric, and Rockwell Automation. These companies are investing in product innovation and expanding their AC motor offerings to meet the increasing demand.
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North America Induction AC Electric Motor Market Growth
Induction AC electric motor, also known as asynchronous motor, is a commonly used AC electric motor in which the electric current required to produce torque in the rotor is obtained via electromagnetic induction from the rotating magnetic field of the stator winding.
North America induction AC electric motors market expansion can be associated with the rising applications of AC motors in HVAC equipment, motor vehicles, household appliances, and industrial applications, among others owing to their ability to produce constant torque up to the rated speed. In addition to this, AC motors offer exceptional performance value by minimising overheating, braking, or degeneration, which offers a healthier lifespan, making the AC motor ideal for extreme conditions.
Key Trends and Developments
Increasing demand from HVAC sectors, advancements in motor technology, and rising use cases in oil and gas sector are factors shaping the North America induction AC electric motor market outlook
June 2024
Honda is ramping up its North American EV strategy, investing USD 11 billion in a Canadian EV hub and transforming its Ohio operations to produce both ICE and BEV models. The company aims to have 80% of its vehicle lineup be EVs by 2035.
April 2024
Rockwell Automation has expanded its application coverage with permanent magnet motors and extended device analytics in its Medium Voltage PowerFlex Variable Frequency Drives (VFDs). These motors are designed to provide efficient and reliable control of AC motors in industrial applications.
January 2024
WorldWide Electric Corporation has acquired North American Electric, Inc., a leading provider of electric motors, motor controls, and gearing. The acquisition combines two customer-centric organisations and expands WorldWide Electric's capabilities in the industrial market.
September 2023
Rockwell Automation and Infinitum have announced an agreement to make high-efficiency low-voltage motors available for energy-intensive industrial applications.
June 2022
ABB provided its Baldor-Reliance AC motors to POSCO Mexico, a leading steel producer, to help keep their steel rolling operations running efficiently with reduced maintenance costs.
Increasing demand from HVAC sectors
Induction motors are highly preferred in HVAC systems for their quiet operation, variable speed capabilities, and energy efficiency. The growing demand for HVAC systems in commercial and residential buildings is fuelling the North America induction AC electric motor market growth.
Rising use cases in oil and gas sector
The demand for AC motors in NA is driven by their rising applications in the oil and gas sector. According to International Petroleum Industry Environmental Conservation Association (IPIECA), electric motors represent over 60-70% of electricity use in oil and gas operations solely in the United States.
Advancements in motor technology
Manufacturers are continuously innovating induction motor technologies, which are opening new opportunities for North America induction AC electric motor market development. ABB recently updated its high dynamic performance (HDP) induction motors, offering superior dynamics and high power densities for mechanical engineering OEMs.
Growing industrial applications
Induction motors are widely used in construction, manufacturing, and commercial sectors due to their low maintenance requirements, ability to operate in dusty environments, and ease of speed control. The region’s industrial sector's focus on improving efficiency and productivity is driving the adoption of induction motors.
North America Induction AC Electric Motor Market Trends
The North America market for induction AC electric motor is being led by its growing industrial applications in the United States and Canada. AC motors have low sound output owing to which these motors are preferred for use in appliances such as heating, ventilation, and air conditioning systems (HVAC) installed in commercial and household settings. Furthermore, AC motors are highly adaptable and flexible in the sense that they can be powered using a simple on and off switch, making them easy to use.
In addition, the variable speed and power output of AC motors make them further favourable in HVAC equipment, thereby propelling the market growth. With the rising awareness regarding rapid climate change and the need to curtail carbon emissions, AC motors are increasingly employed in HVAC systems, owing to their energy efficient characteristics.
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North America induction AC electric motor Industry Segmentation
The EMR’s report titled “North America Induction AC Electric Motor Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- < 1 kV
- 1 kV – 6 kV
- > 6 kV
Market Breakup by Efficiency Rating
- IE1
- IE2
- IE3
- IE4
Market Breakup by Speed
- Ultra-High-Speed Motors
- High-Speed Motors
- Medium Speed Motors
- Low Speed Motors
Market Breakup by Application
- Industrial
- Motor Vehicle
- HVAC
- Household
- Others
Market Breakup by Country
- United States
- Canada
North America Induction AC Electric Motor Market Share
1 KV- 6 KV voltage AC electric motors are highly used across industries in US and Canada
The market is segmented based on voltage into < 1 kV, 1 kV – 6 kV, and > 6 kV types. The < 1 kV segment is expected to grow due to high applications in pumps, fans, and compressors. The 1 kV – 6 kV segment, is projected to grow at a high CAGR between 2024 and 2032, driven by their increasing use in industrial applications such as mining and oil & gas. The > 6 kV segment, however, is expected to grow at the highest CAGR due to their high adoption in heavy industries and power plants.
The industrial machinery segment is currently the dominant end-user, while the transportation sector is expected to see the fastest growth in AC motor demand
As per North America induction AC electric motor market analysis, the industrial sector is a major driver for market’s growth as induction motors are widely used in industrial applications such as pumps, compressors, and conveyors. The motor vehicle segment is expected to witness significant growth due to the increasing adoption of electric vehicles, which utilise induction motors for their high torque and efficiency. Induction AC motors are also commonly used in heating, ventilation, and air conditioning (HVAC) equipment, offering energy efficiency and reliability, and are used in various household appliances such as refrigerators, washing machines, and air conditioners.
Leading Companies in the North America Induction AC Electric Motor Market
Market players are developing smaller, lighter, and more compact motors to meet the growing demand for applications like electric vehicles, renewable energy, and industrial automation
ABB Ltd. was founded in 1988 and is based in Sweden and Zürich, Switzerland. It is ranked 340th in the Fortune Global 500 list of 2020 and the company’s traditional core activities include power generation, transmission and distribution, industrial automation, and robotics.
Rockwell Automation, Inc. was founded in 1903 as Allen-Bradley in Wisconsin, United States. It is a multinational corporation focused on industrial automation and digital transformation, providing control systems, software, and services for a variety of industries.
Siemens AG was founded in 1847 and its headquarters are in Munich, Germany. Siemens is a multinational conglomerate focused on electrification, automation, and digitalisation, operating businesses in energy, healthcare, infrastructure, and manufacturing.
ARC Systems, Inc. was founded in 1986 in Massachusetts, United States. The company provides industrial automation software and services, specialising in manufacturing execution systems (MES) and industrial internet of things (IIoT) solutions.
Other key players in the North America induction AC electric motor market include Emerson Electric Co., among others.
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North America Induction AC Electric Motor Market Analysis by Region
United States and Canada have substantial market shares due to rapidly expanding industries
The market is dominated by the United States and Canada due to the rising demand for electric vehicles in these countries. As per industry reports, in 2022, the US saw nearly 1 million EV units sold, with Tesla accounting for over 56% of those sales. California is the leading state for EV adoption, making up 35% of all EV registrations in 2023, with Los Angeles and San Francisco being the top markets. Overall, there are currently around 2.44 million EVs registered in the US.
Moreover, North America induction AC electric motor market share is also growing in US and Canada due to recent developments, such as the introduction of the AMI 5800 NEMA modular induction motor by ABB in June 2023, designed for use in demanding applications. In 2022, the U.S. Department of Energy (DOE) announced new energy efficiency standards for electric motors, which are expected to drive the adoption of high-efficiency induction AC motors. Additionally, in 2021, the Canadian government announced a plan to invest CAD 1.5 billion in clean energy projects, including the development of energy-efficient electric motors.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Efficiency Rating |
|
| Breakup by Speed |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
North America Induction AC Electric Motor Market Report Snapshots
North America Induction AC Electric Motor Market Size
North America Induction AC Electric Motor Market Growth
North America Induction AC Electric Motor Market Trends
North America Induction AC Electric Motor Market Share
North America Induction AC Electric Motor Companies
North America Induction AC Electric Motor Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of USD 5.34 billion.
The induction AC electric motor market in North America is expected to grow at a CAGR of 12.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 15.68 billion by 2032.
Characteristics such as healthy lifespan, adaptability, flexibility, and low noise output, among others are augmenting the applications of induction AC electric motors in several commercial and industrial uses, which is driving the market’s growth.
Key trends include the use of induction AC electric motors in heating, ventilation, and air conditioning (HVAC) equipment to save energy and reduce carbon dioxide emissions along with rising focus on energy efficiency.
Countries considered in the market are United States and Canada.
The different types of induction AC electric motors in the market are < 1 kV, 1 kV – 6 kV, and > 6 kV.
The market, based on efficiency ratings, can be classified into IE1, IE2, IE3, and IE4.
The significant applications of induction AC electric motor are industrial, motor vehicle, HVAC, and household, among others.
Key players in the market are ABB Ltd., Rockwell Automation, Inc., Siemens AG, ARC Systems, Inc., and Emerson Electric Co., among others.
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