Global Induction Motor Sales Market Report 2020
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.
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.
Market Analysis and Insights: Global Induction Motor Market
The global Induction Motor market size is projected to reach US$ 21300 million by 2026, from US$ 14170 million in 2020, at a CAGR of 7.0% during 2021-2026.
Global Induction Motor Scope and Market Size
The global Induction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Induction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Induction Motor market is segmented into
Single-phase Induction Motor
Three-phase Induction Motor
Segment by Application, the Induction Motor market is segmented into
Chemical industry
Logistics industry
Engineering and manufacturing industry
Others
The Induction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the Induction Motor market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Induction Motor market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Induction Motor business, the date to enter into the Induction Motor market, Induction Motor product introduction, recent developments, etc.
The major vendors covered:
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
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.
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.
Market Analysis and Insights: Global Induction Motor Market
The global Induction Motor market size is projected to reach US$ 21300 million by 2026, from US$ 14170 million in 2020, at a CAGR of 7.0% during 2021-2026.
Global Induction Motor Scope and Market Size
The global Induction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Induction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Induction Motor market is segmented into
Single-phase Induction Motor
Three-phase Induction Motor
Segment by Application, the Induction Motor market is segmented into
Chemical industry
Logistics industry
Engineering and manufacturing industry
Others
The Induction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the Induction Motor market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Induction Motor Market Share AnalysisInduction Motor market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Induction Motor business, the date to enter into the Induction Motor market, Induction Motor product introduction, recent developments, etc.
The major vendors covered:
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
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
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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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