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Induction Motor Market is projected to achieve a market value of USD 20.49 Billion by 2030

01-15-2025 01:42 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Induction Motor Market

Induction Motor Market

The ๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 15.86 Billion in 2023, and it is expected to reach USD 20.49 Billion by 2030, exhibiting a CAGR of 3.72% during the forecast period.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The induction motor market is witnessing substantial growth driven by its widespread use across residential, commercial, and industrial sectors. These motors are known for their simplicity and high efficiency, making them the preferred choice for various applications. Induction motors do not require electronic connections to operate, which adds to their reliability and low maintenance needs. The market's expansion is particularly notable in developing economies, where industrialization and infrastructure development are rapidly increasing, leading to a surge in demand for these cost-effective and robust motors.

๐–๐ก๐š๐ญ'๐ฌ ๐ง๐ž๐ฑ๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ? ๐…๐ข๐ง๐ ๐จ๐ฎ๐ญ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ญ๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/93716/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The growing adoption of electric vehicles (EVs) is one of the major drivers of the induction motor market. Induction motors are a cost-effective solution for EVs, as they offer high power density and excellent performance characteristics, such as high starting torque and durability. These motors are increasingly being used by major automotive manufacturers like TATA Motors and Mahindra Reva, who are shifting from DC motors to induction motors due to their ruggedness and efficiency. Furthermore, countries like India and China are witnessing a rise in the adoption of EVs, which is expected to further accelerate the demand for induction motors in the automotive sector.

In addition to the automotive sector, the industrial sector is experiencing significant growth in induction motor demand. As industries in emerging markets expand, the need for efficient, low-maintenance motors that can withstand varying environmental conditions continues to rise. Induction motors are highly reliable for heavy-duty industrial applications like conveyors, compressors, and fans. Their simple construction and the absence of components like brushes and slip rings make them a more affordable and attractive option for industrial manufacturers, driving their widespread adoption.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ:

A key trend in the induction motor market is the increasing use of squirrel cage motors, a sub-segment of induction motors, due to their simplicity and effectiveness. Squirrel cage motors are particularly favored for their efficiency, cost-effectiveness, and reliability in a variety of applications, including HVAC systems and industrial machinery. These motors are commonly standardized by organizations like NEMA and IEC, making them easy to replace and maintain. As industries strive for cost-efficiency, the demand for squirrel cage motors continues to grow, driving the overall induction motor market forward.

๐ฐ๐ก๐š๐ญ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง?

By product type, the three-phase induction motor segment is expected to dominate the market, experiencing a robust growth rate during the forecast period. Three-phase induction motors are widely used in industrial and commercial applications due to their ability to deliver high torque and operate at lower energy costs. These motors are highly reliable and efficient, with a self-starting design that reduces the need for complex starting mechanisms. Their affordability and ease of use make them the preferred choice for a variety of applications, from large industrial machinery to HVAC systems.

๐“๐ก๐ž ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/93716/

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ
The Induction Motor Market in Vietnam is poised for significant growth, fueled by industrial expansion and increased demand for energy-efficient solutions. The government's push towards modernization in manufacturing and automotive sectors is driving the adoption of induction motors.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐
Thailand's market is expected to see a steady rise in the usage of induction motors, particularly in the automotive sector, with key players such as ๐“๐จ๐ฒ๐จ๐ญ๐š ramping up their electric vehicle production using these motors for propulsion.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง
Japan is experiencing growth in the industrial sector, where induction motors are replacing older motor types due to their energy efficiency and low maintenance needs. The trend is further supported by initiatives for energy conservation across manufacturing industries.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š
In South Korea, mergers and acquisitions within the automation industry, including ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  and ๐‹๐† ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ, are driving innovations in induction motor technology, focusing on higher efficiency and reduced operational costs.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž
Singapore is advancing in automation and smart manufacturing technologies, pushing for the adoption of high-efficiency induction motors across various sectors, including robotics and automotive.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’
The US market is witnessing increased demand for induction motors in electric vehicle production, with manufacturers such as ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐Œ๐จ๐ญ๐จ๐ซ๐ฌ and ๐“๐ž๐ฌ๐ฅ๐š integrating these motors to enhance vehicle performance and reduce carbon footprints.

๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž
Europe is focused on reducing industrial energy consumption, making induction motors a preferred choice due to their eco-friendly and cost-effective nature. Major European manufacturers are adopting these motors for a variety of industrial applications.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐…๐ซ๐ž๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: ๐…๐ฎ๐ฅ๐ฅ ๐“๐Ž๐‚, ๐“๐š๐›๐ฅ๐ž๐ฌ, ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ & ๐‚๐ก๐š๐ซ๐ญ๐ฌ ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ž๐@https://www.maximizemarketresearch.com/request-sample/93716/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Product

Three Phase Induction Motor
Single Phase Induction Motor

by Type

Industrial
Commercial
Residential

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ :https://www.maximizemarketresearch.com/market-report/global-induction-motor-market/93716/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐ˆ๐ง๐๐ฎ๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Rockwell Automation, Inc. (US)
2. CAG Electric Machinery s.r.o. (US)
3. Regal Rexnord Corporation (US)
4. ATB (Canada)
5. ABB (Switzerland)
6. Cantoni Motor ( Poland)
7. Bosch Rexroth. (Germany)
8. Siemens AG (Germany)
9. AC- Motoren (Germany)
10.Schneider Electric (France)
11.Elprom Harmanli (Bulgaria)
12.Nidec Corporation (Japan)
13.TMEIC ( Japan)
14.CG Power Systems (India)
15.Changzhou Duowei Electric Co.,Ltd (China)
16.Chinabase Machinery (Hangzhou) (China)
17.CRRC Zhuzhou Electric Co., Ltd (China)
18.Fujian Mindong Electric Co., Ltd., GE (China)
19.WEG Industries (Brazil)
20.FIMET Motori & Riduttori S.p.a. (Argentina)

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก :

โ™ฆ Alternative Protein Market https://www.maximizemarketresearch.com/market-report/global-alternative-protein-market/52719/

โ™ฆ Global Chemical Tankers Market https://www.maximizemarketresearch.com/market-report/global-chemical-tankers-market/6264/

โ™ฆ Global Gaskets and Seals Market https://www.maximizemarketresearch.com/market-report/global-gaskets-and-seals-market/105380/

โ™ฆ Global Industrial Controls System Market https://www.maximizemarketresearch.com/market-report/global-industrial-controls-system-market/33096/

โ™ฆ Global Anti-Counterfeit Automobile Packaging Market https://www.maximizemarketresearch.com/market-report/global-anti-counterfeit-automobile-packaging-market/99147/

โ™ฆ Global Optical Communication and Networking Market https://www.maximizemarketresearch.com/market-report/global-optical-communication-and-networking-market/7169/

โ™ฆ Global Paper Packaging Materials Market https://www.maximizemarketresearch.com/market-report/paper-packaging-materials-market/122220/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
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๐Ÿ–‚ sales@maximizemarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol โ€ฆ
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market statusโ€ฆ
01-10-2019 | Advertising, Media Consulting, โ€ฆ
Data Bridge Market Research
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot โ€ฆ
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Globalโ€ฆ
12-19-2018 | Advertising, Media Consulting, โ€ฆ
Research Report Insights
Electric Vehicles Market 2030 | Honda Motor Co., Ltd., Ford Motor, Toyota Motor โ€ฆ
A Research Report Insights (RRI) report reveals that the global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%. Increasing demand for clean and green energy and rise in global air pollution is compelling socio-economic institutions to rethink over the structuresโ€ฆ
10-08-2018 | Advertising, Media Consulting, โ€ฆ
Allied Market Research
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous โ€ฆ
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase inโ€ฆ