Press release
Induction Motor Market 2022-2027: Industry Growth Rate (CAGR 8.48%), Top Manufacturers and Forecast
Induction Motor Market
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An induction motor refers to an alternating current (AC) electric motor, wherein electric current in the rotor is obtained by electromagnetic induction from the magnetic field generated in the stator. It is widely utilized in various industrial applications due to its robustness, affordability, durability, and high starting torque. Due to its ability to work under extreme environmental conditions and low maintenance costs, it is increasingly replacing direct current (DC) motors for numerous applications.
Induction Motor Market Growth:
The global market is primarily driven by the widespread adoption of induction motors across the commercial, industrial, and residential sectors. Furthermore, due to an enhanced focus on sustainable development, there has been a considerable rise in the adoption of these motors by end users. Moreover, numerous stringent regulations imposed by the governments of several countries regarding carbon emissions have also positively influenced the market growth as induction motors consume lesser energy as compared to their conventional counterparts. Additionally, the increasing sales of electric vehicles and extensive research and development (R&D) activities are further providing an impetus to market growth across the globe.
Key Players Included in Global Induction Motor Market Research Report:
• ABB
• Ametek
• Emerson Electric
• Siemens
• WEG
• Brook Crompton
• Danaher Corporation
• Johnson Electric Holdings
• Regal Beloit
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Key Market Segmentation:
Breakup by Product Type:
• Single Phase Induction Motors
• Three Phase Induction Motors
Breakup by End-Use Sector:
• Industrial
• Commercial
• Residential
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Induction Motor Market Research Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Induction Motor Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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