Induction Motors Market By End User (Residential, Industrial, Commercial), By Product (Synchronous Motors, Asynchronous Motors, Direct Current), By Type (Single-Phase,Induction Motor, Three-Phase Induction Motor), By Efficiency Class (International Efficiency 1, International Efficiency 2, International Efficiency 3, International Efficiency 4), Industry Trends, Estimation & Forecast, 2017-2025

July 2018

 Pages: 186

 ERC 7613

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Induction Motors Market is expected to grow with a CAGR of 10% during the forecast period of 2018 to 2025.

As compared to synchronous motors which require starting mechanisms the induction motors are self-starting as they are inclusive of self-starting torque. However, installing with variable frequency drive increases their efficiency. These motors are cost efficient in comparison to their alternatives and are capable of operating in harsh environmental conditions. Owing to these advantages, they find significant usage in not only domestic applications but also in industries.

According to International Energy Agency, approximately 750,000 electric vehicles were sold in 2016 which were inclusive of efficient induction motors for their functioning. Increasing trend of focus in reduction of greenhouse gas emissions is expected to provide growth opportunities to the market. The copper rotor induction motor has potential to fully replace the permanent magnet motor in electric vehicles.

The report provides detailed qualitative and quantitative analysis of the induction motors market. Market size and forecast in terms of value and volume has been provided for the period - (2017 - 2025), for the segments namely end-user, product, type and efficiency in each of the major regions.

Induction Motors Market Player Analysis

The report presents detailed analysis of major players operating in induction motors market. Few of them include Siemens AG, Emerson Electric Company, Marathon Electric, ABB Ltd., Regal Beloit Corporation, WEG Electric Corp, Schneider Electric SE, Kirloskar Electric Company Siemens AG, Baldor Electric Company and Nidec Motor Corporation. A detailed coverage on these market players with information on their revenue from induction motors business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Induction motors market is segmented on the basis of end-user, product, type, efficiency and geography. By end-user, the market is segmented into residential industrial and commercial. On the basis of product, the market is categorized as synchronous motors, asynchronous motors and direct current. On the basis of type, the market is categorized as single phase induction motor and three phase induction motor. By efficiency class, the market is segmented into international efficiency 1, international efficiency 2, international efficiency 3 and international efficiency 4. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Induction Motors Market Segmentation

By End User
• Residential
• Industrial
• Commercial

By Product

• Synchronous Motors
• Asynchronous Motors
• Direct Current

By Type
• Single-Phase Induction Motor
• Three-Phase Induction Motor

By Efficiency Class
• International Efficiency 1
• International Efficiency 2
• International Efficiency 3
• International Efficiency 4

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o France
o Germany
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Korea
o Rest of APAC
• South America
o Brazil
o Rest of South America
• Rest of the World
o Middle East
o Africa

Induction Motors Key Market Players

• Siemens AG
• Emerson Electric Company
• Marathon Electric
• ABB Ltd.
• Regal Beloit Corporation
• WEG Electric Corp
• Schneider Electric SE
• Kirloskar Electric Company
• Baldor Electric Company
• Nidec Motor Corporation

 

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