Global Induction Motor Market Research Report 2022
Induction motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. Induction motor therefore does not require mechanical commutation, separate-excitation or self-excitation for all or part of the energy transferred from stator to rotor. Induction motor's rotor can be either wound type or squirrel-cage type.
Three-phase squirrel-cage induction motors are widely used in industrial drives because they are rugged, reliable and economical. Single-phase induction motors are used extensively for smaller loads, such as household appliances like fans.
Market Analysis and Insights: Global Induction Motor Market
Due to the COVID-19 pandemic, the global Induction Motor market size is estimated to be worth US$ 15190 million in 2022 and is forecast to a readjusted size of US$ 22790 million by 2028 with a CAGR of 7.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Single-phase Induction Motor accounting for % of the Induction Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemical Industry segment is altered to an % CAGR throughout this forecast period.
Europe, USA and China are the major sales markets. The Chinese market is stably growing, while the market share of Europe and USA is gradually declined, and the market in other areas is expanding year by year.
Global Induction Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Induction Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Single-phase Induction Motor
Three-phase Induction Motor
Segment by Application
Chemical Industry
Logistics Industry
Engineering and Manufacturing Industry
Others
By Company
ABB
Emerson
GE
TECO
Regal-Beloit
Nidec
Siemens
Tatung
Hitachi
WEG
Bosch Rexroth
SEW-Eurodrive
Cummins
YASKAWA
Toshiba
VEM
NORD
Landert
ABM Greiffenberger
SPG
Brook Crompton
Sterling Electric
Wolong
XEMC
JLEM
Huali Group
Jiangte
WNM
Ydmotor
Dazhong
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Three-phase squirrel-cage induction motors are widely used in industrial drives because they are rugged, reliable and economical. Single-phase induction motors are used extensively for smaller loads, such as household appliances like fans.
Market Analysis and Insights: Global Induction Motor Market
Due to the COVID-19 pandemic, the global Induction Motor market size is estimated to be worth US$ 15190 million in 2022 and is forecast to a readjusted size of US$ 22790 million by 2028 with a CAGR of 7.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Single-phase Induction Motor accounting for % of the Induction Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chemical Industry segment is altered to an % CAGR throughout this forecast period.
Europe, USA and China are the major sales markets. The Chinese market is stably growing, while the market share of Europe and USA is gradually declined, and the market in other areas is expanding year by year.
Global Induction Motor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Induction Motor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Single-phase Induction Motor
Three-phase Induction Motor
Segment by Application
Chemical Industry
Logistics Industry
Engineering and Manufacturing Industry
Others
By Company
ABB
Emerson
GE
TECO
Regal-Beloit
Nidec
Siemens
Tatung
Hitachi
WEG
Bosch Rexroth
SEW-Eurodrive
Cummins
YASKAWA
Toshiba
VEM
NORD
Landert
ABM Greiffenberger
SPG
Brook Crompton
Sterling Electric
Wolong
XEMC
JLEM
Huali Group
Jiangte
WNM
Ydmotor
Dazhong
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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