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Induction Motor Market to reach USD 19.77 Bn by 2029, Technological Advancements and Growth Opportunities
Induction Motor Market
Induction Motor Market Report Scope and Research Methodology
Induction motors are widely used in residential, commercial, and industrial sectors as they are powerful and eco-friendly. The growing demand for induction motors is driven by their low cost and ease of maintenance, as well as their ability to operate in a variety of climatic conditions.
The report provides a detailed qualitative and quantitative analysis of the global Induction Motor market. It covers market scope, research methodology, drivers, restraints, and regional insights. The report also analyzes market dynamics such as opportunities and future trends that are expected to impact the market during the forecast period. Key players in the market are using various strategies such as new technology, new product launches, existing technology upgrades, and mergers & acquisitions to gain the largest share of the induction motor market.
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Induction Motor Market Dynamics
The growing use of electric vehicles, increased application of induction motors in the automotive sector, the low cost compared to DC motors, and the increasing use of squirrel cage motors are among the market drivers. The automotive sector is expected to witness the highest CAGR of 8.4 percent during the forecast period due to an increase in sales of electric vehicles, rising concerns over greenhouse gas emissions, and favorable government policies in countries such as India, China, and others.
The market restraint is the high cost of installation of a manufacturing facility. The report also includes profiles of key induction motor companies along with their SWOT analysis and market strategies. The report focuses on leading market key players with information such as company profiles, products, and services offered, financial information for the last 3 years, and recent developments in the past five years.
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Induction Motor Market Regional Insights
Regional insights are also provided in the report. The NEMA and the IEC have developed standardized classes of squirrel cage motors based on their speed-torque characteristics. This enables interchangeable motors across manufacturers and simplifies motor replacement. Class A squirrel cage motors are the most common type. They have normal starting torque and current and a slip of less than 5 percent of the synchronous speed. Fans, compressors, conveyors, and any other device with low inertial loads that require fast motor acceleration are common applications.
Induction Motor Market Segmentation
By Product Type:
• Three Phase Induction Motor
• Single Phase Induction Motor
By Application:
• Industrial
• Commercial
• Residential
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Induction Motor Market Key Competitors include:
• Rockwell Automation, Inc. (US)
• CAG Electric Machinery s.r.o. (US)
• Regal Rexnord Corporation (US)
• ATB (Canada)
• ABB (Switzerland)
• Cantoni Motor ( Poland)
• Bosch Rexroth. (Germany)
• Siemens AG (Germany)
• AC- Motoren (Germany)
• Schneider Electric (France)
• Elprom Harmanli (Bulgaria)
• Nidec Corporation (Japan)
• TMEIC ( Japan)
• CG Power Systems (India)
• Changzhou Duowei Electric Co.,Ltd (China)
• Chinabase Machinery (Hangzhou) (China)
• CRRC Zhuzhou Electric Co., Ltd (China)
• Fujian Mindong Electric Co., Ltd., GE (China)
• WEG Industries (Brazil)
• FIMET Motori & Riduttori S.p.a. (Argentina)
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Table of Content for Induction Motor Market:
Global Induction Motor Market: Research Methodology
Global Induction Motor Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Induction Motor Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Induction Motor Market Segmentation
Global Market, by Product Type (2021-2029)
Global Market, by Application (2021-2029)
Regional Induction Motor Market (2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product Type and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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