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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 20.167 billion by 2029 | 5% | Asia Pacific |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Induction Motors Market Overview
The global induction motor market is expected to grow at 5% CAGR from 2020 to 2029. It is expected to reach above USD 20.167 billion by 2029 from USD 14.42 billion in 2020.
An induction motor is an electric motor that transforms electrical energy into mechanical energy by using the electromagnetic induction principle. It is a type of AC motor in which the magnetic field produced by the electrical current in the stator winding generates a current in the rotor, which then turns the rotor.
Due to their dependability, minimal maintenance needs, and energy efficiency, induction motors are frequently employed in a wide range of industrial and commercial applications. They are frequently employed in machinery that needs a constant speed, such as pumps, fans, compressors, conveyor systems, and other devices.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Thousand Units) |
| Segmentation | By Type, Application and Region. |
| By Type |
|
| By Application |
|
| By Region |
|
The global market for induction motors, a class of electric motor frequently used in industrial and commercial applications, is referred to as the induction motor market. A revolving magnetic field is used in induction motors to induce current in the rotor, which causes it to spin and release mechanical energy.
A number of factors, such as the rising demand for affordable, energy-efficient motors and the development of the manufacturing and industrial sectors in emerging nations, are driving the market for induction motors. Due to their dependability, longevity, and little maintenance needs, induction motors are frequently used in conveyor systems, pumps, fans, and compressors.
Induction Motors Market Segment Analysis
Global induction motor market by type is divided into single phase and three phase.
An electric motor that uses a single-phase AC power source is called a single-phase induction motor. Smaller machinery and appliances like fans, pumps, and tiny compressors frequently employ single-phase motors. The electromagnetic induction theory underlies the operation of single-phase induction motors. A revolving magnetic field is produced when a single-phase AC voltage is delivered to the stator winding of the motor. The current generated by the rotor’s own magnetic field is induced by the rotating magnetic field. The rotor rotates as a result of the interaction between the two magnetic fields.
The split-phase motor and the capacitor-start motor are the two primary varieties of single-phase induction motors. To induce a phase shift in the magnetic field and generate sufficient torque to start the motor, split-phase motors utilize a unique starting winding. In order to produce a phase shift and increase the starting torque, capacitor-start motors require a capacitor.
An electric motor that operates on a three-phase AC power source is called a three-phase induction motor. Compared to single-phase motors, it offers more efficiency, more dependable operation, and higher starting torque, making it the most popular type of motor used in industrial applications.
Global induction motor market by application is divided into residential, industrial, commercial, transportation, and others.
In many industrial applications, including pumps, compressors, conveyors, blowers, and fans, three-phase induction motors are used. Due to their high efficiency and robustness, these motors are employed in heavy sectors including steel, cement, and mining. Fans, pumps, and air compressors are frequently driven by induction motors in heating, ventilation, and air conditioning (HVAC) systems. These motors offer dependable performance and minimal noise while operating in a wide variety of temperatures.
Irrigation pumps, feed mixers, and grain dryers all use induction motors in agricultural applications. These motors offer excellent efficiency with minimal maintenance and are built to function in challenging conditions. Residential appliances including washing machines, hoover cleaners, and ceiling fans frequently employ single-phase induction motors. These motors are made to operate quietly and with minimal energy use.
Induction Motors Market Players
The induction motors market key players include Ward Leonard, WEG, ABB, AC – Motoren, ATB, CAG Electric Machinery S.r.o., Cantoni Motor, CG Power Systems, Changzhou Duowei Electric Co., Ltd, Chinabase Machinery (Hangzhou), CRRC Zhuzhou Electric Co., Ltd, Elprom Harmanli, FIMET Motori & Riduttori S.p.a., Fujian Mindong Electric Co., Ltd., Bosch Rexroth.
Induction Motors Market Recent Developments
- June 2022 – Nidec Corporation launched SynRA (Synchronous Reluctance Motor with Aluminum Cage Rotor), an aluminum cage-equipped, high-efficiency synchronous reluctance (SR) motor that combines an SR motor with the cage-type induction motor’s basic principles, for the US market. Nidec’s SynRA rotates as an induction motor when activated, produces less loss, and achieves higher efficiency than the cage-type induction motor.
- March 2022 – Havells India unveiled its range of energy-efficient ECOACTIV fans by launching 19 new models under the pedestal, ceiling, wall, and ventilator fan category. The new content of fans comes equipped with ECOACTIV super-efficient BLDC and induction motor.
Who Should Buy? Or Key Stakeholders
- Residential
- Industrial and Commercial
- Transportation and Logistics
- Government organization
- Research institutes
- Investors
- Research firms
- Others
Induction Motors Market Regional Analysis
The induction motors market by region includes North America, Asia-Pacific (APAC), Europe, South America, And Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
The induction motor market is anticipated to be dominated by the Asia-Pacific region. The demand for induction motors has increased due to the rapid growth in the number of manufacturing and industrial facilities. Fans, blowers, machine tools, compressors, pumps, conveyors, bulldozers, etc. all employ induction motors. The employment of an induction motor is necessary for the stable and dependable operation of the growing number of railways, metros, bullet trains, etc. Induction motors are used for a variety of processes in the rural economy, which is mostly dependent on activities related to agriculture. Elevators and escalators are in greater demand due to rapid urbanization, which has also raised demand for induction motors.
Key Market Segments: Induction Motors Market
Induction Motors Market By Type, 2020-2029, (USD Billion), (Thousand Units)
- Single Phase
- Three Phases
Induction Motors Market By Application, 2020-2029, (USD Billion), (Thousand Units)
- Residential
- Industrial
- Commercial
- Transportation
- Others
Induction Motors Market By Region, 2020-2029, (USD Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the induction motors market over the next 7 years?
- Who are the major players in the induction motors market and what is their market share?
- What are the end-user industries driving demand for the market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, the middle east, and Africa?
- How is the economic environment affecting the induction motors market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the induction motors market?
- What is the current and forecasted size and growth rate of the global induction motors market?
- What are the key drivers of growth in the induction motors market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the induction motors market?
- What are the technological advancements and innovations in the induction motors market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the induction motors market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the induction motors market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of induction motors in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL INDUCTION MOTORS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON INDUCTION MOTORS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL INDUCTION MOTORS MARKET OUTLOOK
- GLOBAL INDUCTION MOTORS MARKET BY PRODUCT TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS), 2020-2029
- SINGLE PHASE
- THREE PHASE
- GLOBAL INDUCTION MOTORS MARKET BY APPLICATION, 2020-2029, (USD BILLION), (THOUSAND UNITS), 2020-2029
- RESIDENTIAL
- INDUSTRIAL
- COMMERCIAL
- TRANSPORTATION
- OTHERS
- GLOBAL INDUCTION MOTORS MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS), 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
-
- WARD LEONARD
- WEG
- ABB,
- AC MOTOREN
- ATB
- CAG ELECTRIC MACHINERY S.R.O.
- CANTONI MOTOR
- CG POWER SYSTEMS
- CHANGZHOU DUOWEI ELECTRIC CO., LTD
- HANGZHOU
- CRRC ZHUZHOU ELECTRIC CO., LTD
- ELPROM HARMANLI
- FIMET MOTORI & RIDUTTORI S.P.A.
- FUJIAN MINDONG ELECTRIC CO., LTD.
- BOSCH REXROTH *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY REGION (THOUSAND UNITS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY TYPE (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY TYPE (THOUSAND UNITS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY TYPE, USD BILLION, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL INDUCTION MOTORS MARKET BY REGION, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â NORTH AMERICA INDUCTION MOTORS MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â EUROPE INDUCTION MOTORS MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA INDUCTION MOTORS MARKET SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC INDUCTION MOTORS MARKET SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA INDUCTION MOTORS MARKET SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 21Â Â Â Â Â Â Â Â Â Â WARD LEONARD: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â WEG: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â ABB: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â AC MOTOREN: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â ATB: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â CAG ELECTRIC MACHINERY S.R.O.: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â CANTONI MOTOR: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â CG POWER SYSTEMS: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â CHANGZHOU DUOWEI ELECTRIC CO., LTD: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â HANGZHOU: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â ELPROM HARMANLI: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â FIMET MOTORI & RIDUTTORI S.P.A.: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â FUJIAN MINDONG ELECTRIC CO., LTD.: COMPANY SNAPSHOT
FIGURE 35Â Â Â Â Â Â Â Â Â Â BOSCH REXROTH: COMPANY SNAPSHOT
FAQ
The global induction motor market is expected to grow at 5% CAGR from 2020 to 2029. It is expected to reach above USD 20.167 billion by 2029 from USD 14.42 billion in 2020.
The induction motor market is anticipated to be dominated by the Asia-Pacific region. The demand for induction motors has increased due to the rapid growth in the number of manufacturing and industrial facilities. Fans, blowers, machine tools, compressors, pumps, conveyors, bulldozers, etc. all employ induction motors. The employment of an induction motor is necessary for the stable and dependable operation of the growing number of railways, metros, bullet trains, etc. Induction motors are used for a variety of processes in the rural economy, which is mostly dependent on activities related to agriculture. Elevators and escalators are in greater demand due to rapid urbanization, which has also raised demand for induction motors.
A number of factors, such as the rising demand for affordable, energy-efficient motors and the development of the manufacturing and industrial sectors in emerging nations, are driving the market for induction motors. Due to their dependability, longevity, and little maintenance needs, induction motors are frequently used in conveyor systems, pumps, fans, and compressors.
Induction motor market by application is divided into residential, industrial, commercial, transportation, and others.
In terms of revenue generation and largest market share APAC dominates the Induction Motor market.
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