The Europe AC Electric Motor Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe AC Electric Motor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,170 Million by 2030. The UK market is exhibiting a CAGR of 3.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5% during (2023 - 2030).
AC motors offer advantages such as high torque, regenerative braking, and simplified drivetrain architecture, making them ideal for automotive propulsion systems. As automakers transition away from internal combustion engines towards electrified powertrains, the adoption of AC motors in EVs is expected to grow rapidly. Integrating smart technologies and IoT (internet of things) capabilities into AC motor systems has opened up opportunities for efficiency optimization, predictive maintenance, and remote monitoring. Smart motors with sensors, connectivity features, and advanced analytics enable real-time performance monitoring, fault detection, and condition-based maintenance, improving reliability and uptime.
It spans various applications in various industries and sectors, owing to their versatility, efficiency, and reliability. For example, AC motors are extensively utilized in manufacturing industries to power various machinery and equipment. They drive conveyor belts, assembly lines, robotic arms, machining tools, injection molding machines, and other industrial processes. AC motors offer precise control over speed and torque, enabling smooth and efficient production operations across automotive, electronics, pharmaceuticals, and consumer goods sectors.
The expansion of the automotive industry in Italy creates opportunities for domestic manufacturing of AC electric motors and related components. As per the ITA, the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 7,82,629 vehicles, 4,86,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 13,35,487 new cars, 9.5% fewer than in the prior year, were registered in 2022. As the automotive industry in Italy continues to modernize and upgrade vehicle features, there is a sustained demand for AC motors to power these auxiliary systems and accessories. Thus, the increasing automotive sector and rising smart manufacturing in the region propel the market’s growth.
Free Valuable Insights: The Global AC Electric Motor Market will Hit USD 22.4 Billion by 2030, at a CAGR of 4.5%
Based on Sales Type, the market is segmented into New Sales, and Aftermarket. Based on Output Power, the market is segmented into 1,000 HP up to 10,000 HP, 10,000 HP up to 20,000 HP, and 20,000 HP up to 30,000 HP. Based on End-Use, the market is segmented into Industrial Machinery, HVAC, Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Sales Type
By Output Power
By End Use
By Country
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