Market Share of Europe Alternating Current (AC) Motor Industry
The Europe alternating current motor market is fragmented owing to the presence of domestic and global players such as ABB, Nidec Corporation, Siemens, etc., in the market that offers reliable products with technological advancement. The competition will likely intensify due to rising activities such as mergers & acquisitions, capacity expansion, and product innovation by vendors to enhance their presence in the market.
- October 2021 - NORD DRIVESYSTEMS introduced the IE5+ permanent magnet synchronous motors with ventilated or smooth versions up to a power of 4.0 kW. The motors are characterized by high efficiency and a wide torque range. These new IE5+ motors are equally interesting for intralogistics and hygiene-sensitive areas in the food and pharmaceutical industries.
Europe Alternating Current (AC) Motor Market Leaders
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ABB
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Siemens AG
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Nidec Corporation
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Regal Rexnord Corporation
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TMEIC
*Disclaimer: Major Players sorted in no particular order
