Market Share of Asia-Pacific AC Electric Motor Industry
The Asia-Pacific AC electric motor market is moderately competitive and consists of a significant number of global and regional players. These players account for a considerable share in the market and focus on expanding their customer base. These vendors focus on the research and development activities, strategic partnerships, and other organic & inorganic growth strategies to earn a competitive edge over the forecast period.
- In April 2020, Wolong had launched the new series of TEFC motors, which are of reliable Schorch quality in a compact design. The innovative rib-cooled TEFC motor is created in the long tradition of the KA series. These newly developed motors have reduced motor weights, lower noise, and higher efficiencies, helping to minimize environmental impact related effects.
- In May 2020, Regal Beloit, a manufacturer of electric motors, announced the launch of Regal Perceptiv intelligence. 'Regal Perceptiv intelligence' is a new way of using and interacting with motor products and services. 'Perceptiv intelligence' is an interconnected smart, digital solution that can empower customers when engaging with the company's products, to maximize plant production and equipment reliability.
APAC Ac Electric Motor Market Leaders
ABB Ltd.
Siemens AG
Toshiba Industrial Products and Systems Corporation
Nidec Corporation
Weg SA
*Disclaimer: Major Players sorted in no particular order
