Press release
Increase in Electric Vehicle Popularity to Support Global Induction Motor Market Growth
INDUCTION MOTORS MARKET
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.
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/induction-motors-market/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR
The Germany induction motors market is estimated to grow with a CAGR of xx% during the forecasting period, reaching a revenue share of $xx million by 2030. The base year for the studied market is 2022, and the forecasted years are from 2023 to 2030.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/germany-induction-motors-market/
Global Induction Motors Market Scenario
Major cities worldwide are experiencing notable levels of air pollution due to the rapid urbanization trend. Furthermore, according to the Institute of Electrical and Electronics Engineers (IEEE, US), vehicle emissions account for over 90% of air pollution, with the application of emission control measures being relatively low. As a result, a number of automakers are shifting their attention to the creation of electric and hybrid vehicles (HEVs and EVs).
But in order to comply with strict environmental requirements, the car sector is also making substantial breakthroughs. Global sales of electric vehicles are also expected to increase dramatically in order to reduce the carbon emissions that come from cars. Consequently, the increasing adoption of electric vehicles is expected to support the need for induction motors, driving the market's expansion during the course of the projected period.
The Global Induction Motors Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Type:
• Single-Phase Induction Motor
• Three-Phase Induction Motor
Market by Application:
• Commercial
• Industrial
• Residential
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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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