Induction Motor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Induction Motor Market covers analysis by Type (Single phase induction motor, Three phase induction motor); Application (Residential, Industrial, Commercial, Agriculture, Transportation); Efficiency class (IE1, IE2, IE3, IE4) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005003
  • Category : Manufacturing and Construction
  • No. of Pages : 150
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Induction Motor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION
Induction motor, also called as asynchronous motor is an AC electric motor based on the principle of induction where the electric current required in the rotor to generate torque is obtained by electromagnetic induction from the magnetic field of stator winding. Hence an induction motor can be made without electrical connection to the rotor. It is one of the most commonly used electric motor. The global demand for induction motor market is poised to flourish because it is economic cost and low maintenance.

MARKET DYNAMCS
The growing market for induction motor is driven by factors like reliability, carry smaller loads, low maintenance, growing demand of electric vehicles, increase in need for power saving households, manufacturing and energy infrastructure. Further reducing greenhouse gas emission is driving the market of induction motor. The global market of induction motor is expected to boom because of government's initiatives and benefits developed and developing countries, which in turn is encouraging the manufactures to invest in induction motor market.

MARKET SCOPE
The "Global Induction Motor Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of induction motor market with detailed market segmentation by product type, end-user, repair type, and geography. The global induction motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading induction motor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global induction motor market is segmented on the basis of product type, application, and efficiency class. Based on product type, the market is segmented as single phase induction motor and three phase induction motor. On the basis of application the market is sub-segmented into residential, industrial, commercial, agriculture and transportation. Similarly, based on efficiency class the market is segmented into IE1, IE2, IE3 and IE4. REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Induction motor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Induction motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Induction motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Induction motor market in these regions.

Induction Motor Market Report Analysis

Induction Motor Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • ABB Ltd.
  • Baldor Electric Company
  • Emerson Electric Company
  • Kirloskar Electric Company
  • Marathon Electric
  • Nidec Motor Corporation
  • Regal Beloit Corporation
  • Schneider Electric
  • Siemens AG

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Type
  • Single phase induction motor
  • Three phase induction motor
By Application
  • Residential
  • Industrial
  • Commercial
  • Agriculture
  • Transportation
By Efficiency class
  • IE1
  • IE2
  • IE3
  • IE4
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

The reports cover key developments in the Induction motor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Induction motor market are anticipated to lucrative growth opportunities in the future with the rising demand for Induction motor in the global market. Below mentioned is the list of few companies engaged in the Induction motor market.

The report also includes the profiles of key Induction motor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years
  • ABB Ltd.
  • Baldor Electric Company
  • Emerson Electric Company
  • Kirloskar Electric Company
  • Marathon Electric
  • Nidec Motor Corporation
  • Regal Beloit Corporation
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Induction Motor Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Single phase induction motor
  • Three phase induction motor
By Application
  • Residential
  • Industrial
  • Commercial
  • Agriculture
  • Transportation
By Efficiency class
  • IE1
  • IE2
  • IE3
  • IE4
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABB Ltd.
  • Baldor Electric Company
  • Emerson Electric Company
  • Kirloskar Electric Company
  • Marathon Electric
  • Nidec Motor Corporation
  • Regal Beloit Corporation
  • Schneider Electric
  • Siemens AG
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. ABB Ltd.
    2. Baldor Electric Company
    3. Emerson Electric Company
    4. Kirloskar Electric Company
    5. Marathon Electric
    6. Nidec Motor Corporation
    7. Regal Beloit Corporation
    8. Schneider Electric
    9. Siemens AG
    10. Toshiba

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