Electric AC motors Market
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<strong>Electric</strong> <strong>AC</strong> <strong>motors</strong> <strong>Market</strong> to Incur Rapid Extension During 2023<br />
The <strong>Electric</strong> <strong>AC</strong> <strong>motors</strong> <strong>Market</strong> was worth USD 65.79 billion in the year of 2014 and is expected to<br />
reach approximately USD 128.80 billion by 2023, while registering itself at a compound annual growth<br />
rate (CAGR) of 7.75% during the forecast period. <strong>Electric</strong> <strong>AC</strong> <strong>motors</strong> are utilized as a part of HV<strong>AC</strong><br />
equipment that is commercial and residential structures. The increasing requirement for HV<strong>AC</strong> systems is<br />
anticipated to build the interest for <strong>AC</strong> engines over the figure period. Furthermore, <strong>AC</strong> <strong>motors</strong> are used<br />
in a wide range of equipment, for example, home appliances, and industrial equipment, for example,<br />
conveyor belts and fixed cranes. The market is anticipated to encounter huge development, which is<br />
ascribed to the enlarged automation and modernization of industrial procedures. Entrenched power<br />
generation sector and oil & gas industry drive the expanded interest for industrial automation, for which<br />
these items go about as key segments in cost-saving. These products are practical as they bring about<br />
irrelevant support cost because of their development. They don't include accessories, for example,<br />
commutators, slip rings, or brushes, which require support. Their design incorporates oversized bearings,<br />
high-integrity seals, and cast iron construction, which ensure higher dependability and enhanced working<br />
life in harsh workplaces. The consistent ascent in commercial construction projects over developing and<br />
developed nations, alongside a steady increment in HV<strong>AC</strong> establishments, is probably going to help the<br />
market for electric <strong>AC</strong> <strong>motors</strong>.<br />
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The <strong>Electric</strong> <strong>AC</strong> <strong>motors</strong> <strong>Market</strong> is segmented as follows-<br />
By Type:<br />
<br />
Induction <strong>AC</strong> Motors<br />
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Synchronous <strong>AC</strong> Motors<br />
By Voltage:<br />
<br />
<br />
Fractional HP Output<br />
Integral HP Output<br />
By End User:<br />
<br />
<br />
<br />
<br />
<br />
Motor Vehicles<br />
Aerospace & Transportation<br />
Industrial Machinery<br />
HV<strong>AC</strong> Equipment<br />
Household Appliances<br />
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