by Corinne Gangloff
July 18, 2019
A new Freedonia Group analysis finds that global demand growth for alternating current (AC) electric motors will accelerate through 2023, outpacing gains for direct current (DC) types. While integral horsepower AC motors are to expand at the faster pace, fractional horsepower types will continue to account for a higher volume of AC motor sales, with gains overall fueled by:
The study page is here: https://www.freedoniagroup.com/industry-study/global-electric-motors-W1002.htm
Direct current electric motor producers mitigate losses
Despite strong anticipated annual growth through 2023, DC electric motors will continue to lose global market share to AC types, in part due to competition from AC motors with integrated electronic controls. Mitigating losses, however:
Central & South America strays from global trend
Contrary to the global trend, demand for DC electric motors in Central and South America is expected to advance at a slightly faster rate than AC types through 2023. Factors influencing this divergence from the norm include regional increases in:
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