Press release
Rising Popularity of Electric Vehicles to Augment Global Induction Motors Market Growth
According to a new market research report launched by Inkwood Research, the Global Induction Motors Market is anticipated to progress with a CAGR of xx% during the forecast period.Browse 39 market data Tables and 32 Figures spread over 230 Pages, along with an in-depth analysis of the Global Induction Motors Market by Application, Type, & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Induction Motors Market Scenario
Rapid urbanization across the globe has resulted in significant rates of air pollution in major cities. In addition, as per the Institute of Electrical and Electronics Engineers (IEEE, United States), more than 90% of air pollution is ascribed to vehicle emissions, coupled with the limited use of emission control strategies. Consequently, several automobile manufacturers are diverting their focus toward the development of hybrid electric vehicles (HEVs) and electric vehicles (EVs).
On the other hand, the automobile industry is also making significant advancements in order to adhere to stringent environmental regulations. Electric vehicle sales worldwide are also set to rise exponentially in order to minimize carbon emissions caused by automobiles. As a result, the surging adaption of electric vehicles is set to bolster the demand for induction motors, thus propelling the growth of the market during the forecast period.
The Global Induction Motors Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Induction Motors Market by Type, Application, & by Geography: https://inkwoodresearch.com/reports/induction-motors-market/#request-free-sample
Market Segmentation
Market by Type:
• Single-Phase Induction Motor
• Three-Phase Induction Motor
Market by Application:
• Commercial
• Industrial
• Residential
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
• WEG ELECTRIC CORPORATION
• AMETEK
• SIEMENS AG
• REGAL BELOIT CORPORATION
• NIDEC MOTOR CORPORATION
• JOHNSON ELECTRIC HOLDINGS
• BROOK CROMPTON
• ABB LTD
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