Induction Motor Market Key Findings by 2031
Induction motor, also called as asynchronous motor is an AC electric motor based on the principle of induction where the electric current required in the rotor to generate torque is obtained by electromagnetic induction from the magnetic field of stator winding. Hence an induction motor can be made without electrical connection to the rotor. It is one of the most commonly used electric motor. The global demand for induction motor market is poised to flourish because it is economic cost and low maintenance.
MARKET DYNAMCS
The growing market for induction motor is driven by factors like reliability, carry smaller loads, low maintenance, growing demand of electric vehicles, increase in need for power saving households, manufacturing and energy infrastructure. Further reducing greenhouse gas emission is driving the market of induction motor. The global market of induction motor is expected to boom because of government's initiatives and benefits developed and developing countries, which in turn is encouraging the manufactures to invest in induction motor market.
MARKET SCOPE
The "Global Induction Motor Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of induction motor market with detailed market segmentation by product type, end-user, repair type, and geography. The global induction motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading induction motor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global induction motor market is segmented on the basis of product type, application, and efficiency class. Based on product type, the market is segmented as single phase induction motor and three phase induction motor. On the basis of application the market is sub-segmented into residential, industrial, commercial, agriculture and transportation. Similarly, based on efficiency class the market is segmented into IE1, IE2, IE3 and IE4.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Induction motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Induction motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Induction motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Induction motor market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Induction motor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Induction motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Induction motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Induction motor market in these regions.
MARKET PLAYERSThe reports cover key developments in the Induction motor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Induction motor market are anticipated to lucrative growth opportunities in the future with the rising demand for Induction motor in the global market. Below mentioned is the list of few companies engaged in the Induction motor market.
The report also includes the profiles of key Induction motor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years
- ABB Ltd.
- Baldor Electric Company
- Emerson Electric Company
- Kirloskar Electric Company
- Marathon Electric
- Nidec Motor Corporation
- Regal Beloit Corporation
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Induction Motor - By Type
1.3.2 Induction Motor - By Application
1.3.3 Induction Motor - By Efficiency class
1.3.4 Induction Motor - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INDUCTION MOTOR LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. INDUCTION MOTOR - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INDUCTION MOTOR - GLOBAL MARKET ANALYSIS
6.1. INDUCTION MOTOR - GLOBAL MARKET OVERVIEW
6.2. INDUCTION MOTOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INDUCTION MOTOR - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE PHASE INDUCTION MOTOR
7.3.1. Overview
7.3.2. Single phase induction motor Market Forecast and Analysis
7.4. THREE PHASE INDUCTION MOTOR
7.4.1. Overview
7.4.2. three phase induction motor Market Forecast and Analysis
8. INDUCTION MOTOR - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. industrial Market Forecast and Analysis
8.5. COMMERCIAL
8.5.1. Overview
8.5.2. commercial Market Forecast and Analysis
8.6. AGRICULTURE
8.6.1. Overview
8.6.2. agriculture Market Forecast and Analysis
8.7. TRANSPORTATION
8.7.1. Overview
8.7.2. transportation Market Forecast and Analysis
9. INDUCTION MOTOR - REVENUE AND FORECASTS TO 2028 - EFFICIENCY CLASS
9.1. OVERVIEW
9.2. EFFICIENCY CLASS MARKET FORECASTS AND ANALYSIS
9.3. IE1
9.3.1. Overview
9.3.2. IE1 Market Forecast and Analysis
9.4. IE2
9.4.1. Overview
9.4.2. IE2 Market Forecast and Analysis
9.5. IE3
9.5.1. Overview
9.5.2. IE3 Market Forecast and Analysis
9.6. IE4
9.6.1. Overview
9.6.2. IE4 Market Forecast and Analysis
10. INDUCTION MOTOR REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Induction Motor Overview
10.1.2 North America Induction Motor Forecasts and Analysis
10.1.3 North America Induction Motor Forecasts and Analysis - By Type
10.1.4 North America Induction Motor Forecasts and Analysis - By Application
10.1.5 North America Induction Motor Forecasts and Analysis - By Efficiency class
10.1.6 North America Induction Motor Forecasts and Analysis - By Countries
10.1.6.1 United States Induction Motor
10.1.6.1.1 United States Induction Motor by Type
10.1.6.1.2 United States Induction Motor by Application
10.1.6.1.3 United States Induction Motor by Efficiency class
10.1.6.2 Canada Induction Motor
10.1.6.2.1 Canada Induction Motor by Type
10.1.6.2.2 Canada Induction Motor by Application
10.1.6.2.3 Canada Induction Motor by Efficiency class
10.1.6.3 Mexico Induction Motor
10.1.6.3.1 Mexico Induction Motor by Type
10.1.6.3.2 Mexico Induction Motor by Application
10.1.6.3.3 Mexico Induction Motor by Efficiency class
10.1.6.4 US Induction Motor
10.1.6.4.1 US Induction Motor by Type
10.1.6.4.2 US Induction Motor by Application
10.1.6.4.3 US Induction Motor by Efficiency class
10.2. EUROPE
10.2.1 Europe Induction Motor Overview
10.2.2 Europe Induction Motor Forecasts and Analysis
10.2.3 Europe Induction Motor Forecasts and Analysis - By Type
10.2.4 Europe Induction Motor Forecasts and Analysis - By Application
10.2.5 Europe Induction Motor Forecasts and Analysis - By Efficiency class
10.2.6 Europe Induction Motor Forecasts and Analysis - By Countries
10.2.6.1 Germany Induction Motor
10.2.6.1.1 Germany Induction Motor by Type
10.2.6.1.2 Germany Induction Motor by Application
10.2.6.1.3 Germany Induction Motor by Efficiency class
10.2.6.2 France Induction Motor
10.2.6.2.1 France Induction Motor by Type
10.2.6.2.2 France Induction Motor by Application
10.2.6.2.3 France Induction Motor by Efficiency class
10.2.6.3 Italy Induction Motor
10.2.6.3.1 Italy Induction Motor by Type
10.2.6.3.2 Italy Induction Motor by Application
10.2.6.3.3 Italy Induction Motor by Efficiency class
10.2.6.4 United Kingdom Induction Motor
10.2.6.4.1 United Kingdom Induction Motor by Type
10.2.6.4.2 United Kingdom Induction Motor by Application
10.2.6.4.3 United Kingdom Induction Motor by Efficiency class
10.2.6.5 Russia Induction Motor
10.2.6.5.1 Russia Induction Motor by Type
10.2.6.5.2 Russia Induction Motor by Application
10.2.6.5.3 Russia Induction Motor by Efficiency class
10.2.6.6 Rest of Europe Induction Motor
10.2.6.6.1 Rest of Europe Induction Motor by Type
10.2.6.6.2 Rest of Europe Induction Motor by Application
10.2.6.6.3 Rest of Europe Induction Motor by Efficiency class
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Induction Motor Overview
10.3.2 Asia-Pacific Induction Motor Forecasts and Analysis
10.3.3 Asia-Pacific Induction Motor Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Induction Motor Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Induction Motor Forecasts and Analysis - By Efficiency class
10.3.6 Asia-Pacific Induction Motor Forecasts and Analysis - By Countries
10.3.6.1 Australia Induction Motor
10.3.6.1.1 Australia Induction Motor by Type
10.3.6.1.2 Australia Induction Motor by Application
10.3.6.1.3 Australia Induction Motor by Efficiency class
10.3.6.2 China Induction Motor
10.3.6.2.1 China Induction Motor by Type
10.3.6.2.2 China Induction Motor by Application
10.3.6.2.3 China Induction Motor by Efficiency class
10.3.6.3 India Induction Motor
10.3.6.3.1 India Induction Motor by Type
10.3.6.3.2 India Induction Motor by Application
10.3.6.3.3 India Induction Motor by Efficiency class
10.3.6.4 Japan Induction Motor
10.3.6.4.1 Japan Induction Motor by Type
10.3.6.4.2 Japan Induction Motor by Application
10.3.6.4.3 Japan Induction Motor by Efficiency class
10.3.6.5 South Korea Induction Motor
10.3.6.5.1 South Korea Induction Motor by Type
10.3.6.5.2 South Korea Induction Motor by Application
10.3.6.5.3 South Korea Induction Motor by Efficiency class
10.3.6.6 Rest of Asia-Pacific Induction Motor
10.3.6.6.1 Rest of Asia-Pacific Induction Motor by Type
10.3.6.6.2 Rest of Asia-Pacific Induction Motor by Application
10.3.6.6.3 Rest of Asia-Pacific Induction Motor by Efficiency class
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Induction Motor Overview
10.4.2 Middle East and Africa Induction Motor Forecasts and Analysis
10.4.3 Middle East and Africa Induction Motor Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Induction Motor Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Induction Motor Forecasts and Analysis - By Efficiency class
10.4.6 Middle East and Africa Induction Motor Forecasts and Analysis - By Countries
10.4.6.1 South Africa Induction Motor
10.4.6.1.1 South Africa Induction Motor by Type
10.4.6.1.2 South Africa Induction Motor by Application
10.4.6.1.3 South Africa Induction Motor by Efficiency class
10.4.6.2 Saudi Arabia Induction Motor
10.4.6.2.1 Saudi Arabia Induction Motor by Type
10.4.6.2.2 Saudi Arabia Induction Motor by Application
10.4.6.2.3 Saudi Arabia Induction Motor by Efficiency class
10.4.6.3 U.A.E Induction Motor
10.4.6.3.1 U.A.E Induction Motor by Type
10.4.6.3.2 U.A.E Induction Motor by Application
10.4.6.3.3 U.A.E Induction Motor by Efficiency class
10.4.6.4 Rest of Middle East and Africa Induction Motor
10.4.6.4.1 Rest of Middle East and Africa Induction Motor by Type
10.4.6.4.2 Rest of Middle East and Africa Induction Motor by Application
10.4.6.4.3 Rest of Middle East and Africa Induction Motor by Efficiency class
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Induction Motor Overview
10.5.2 South and Central America Induction Motor Forecasts and Analysis
10.5.3 South and Central America Induction Motor Forecasts and Analysis - By Type
10.5.4 South and Central America Induction Motor Forecasts and Analysis - By Application
10.5.5 South and Central America Induction Motor Forecasts and Analysis - By Efficiency class
10.5.6 South and Central America Induction Motor Forecasts and Analysis - By Countries
10.5.6.1 Brazil Induction Motor
10.5.6.1.1 Brazil Induction Motor by Type
10.5.6.1.2 Brazil Induction Motor by Application
10.5.6.1.3 Brazil Induction Motor by Efficiency class
10.5.6.2 Argentina Induction Motor
10.5.6.2.1 Argentina Induction Motor by Type
10.5.6.2.2 Argentina Induction Motor by Application
10.5.6.2.3 Argentina Induction Motor by Efficiency class
10.5.6.3 Rest of South and Central America Induction Motor
10.5.6.3.1 Rest of South and Central America Induction Motor by Type
10.5.6.3.2 Rest of South and Central America Induction Motor by Application
10.5.6.3.3 Rest of South and Central America Induction Motor by Efficiency class
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. INDUCTION MOTOR, KEY COMPANY PROFILES
12.1. ABB LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BALDOR ELECTRIC COMPANY
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. EMERSON ELECTRIC COMPANY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. KIRLOSKAR ELECTRIC COMPANY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MARATHON ELECTRIC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. NIDEC MOTOR CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. REGAL BELOIT CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SCHNEIDER ELECTRIC
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SIEMENS AG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TOSHIBA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Baldor Electric Company
3. Emerson Electric Company
4. Kirloskar Electric Company
5. Marathon Electric
6. Nidec Motor Corporation
7. Regal Beloit Corporation
8. Schneider Electric
9. Siemens AG
10. Toshiba
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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