Global Induction Motors Market Forecast 2023-2032

The global induction motors market is forecasted to grow with a CAGR of xx% in terms of revenue during the forecast years 2022 to 2030. The market's notable growth is credited to the surging popularity of electric vehicles, the dominance of squirrel cage motors in mining, the advantages of cost-effective and easy-to-maintain motors, as well as the rise in technological advancements.

MARKET INSIGHTS

Rapid urbanization has resulted in significantly high rates of air pollution across major cities, globally. As per the Institute of Electrical and Electronics Engineers (IEEE, United States), more than 90% of air pollution is accredited to vehicle emissions, as well as the limited use of emission control strategies. Consequently, various automobile manufacturers are diverting their attention toward the development of hybrid electric vehicles (HEVs) and electric vehicles (EVs).

The automobile industry is also investing substantially in order to accommodate stringent environmental regulations. Aligning with this, electric vehicle sales are expected to grow exponentially in order to reduce carbon emissions by automobiles. Hence, the surging popularity of electric vehicles is set to play an essential role in augmenting the global induction motors market growth during the forecast years.

REGIONAL INSIGHTS

The global induction motors market growth evaluation comprises the assessment of the Asia-Pacific, North America, Europe, and the Rest of World. The Asia-Pacific is estimated to be the dominating region during the forecast years. Some of the key factors fueling the regional market's growth include the surging use of motors in agricultural machines, the rising number of manufacturing as well as industrial units, and the accelerating demand for electrical energy in power supply generation.

COMPETITIVE INSIGHTS

The intensity of competitive rivalry within the global induction motors market is expected to remain high during the forecast period. Some of the key players operating in the market include Brook Crompton, Johnson Electric Holdings, ABB Ltd, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 22085

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. SURGING POPULARITY OF ELECTRIC VEHICLES
- 3.1.2. INCREASING TECHNOLOGICAL ADVANCEMENTS
- 3.1.3. DOMINANCE OF SQUIRREL CAGE MOTORS IN MINING
- 3.1.4. COST-EFFECTIVE AND EASY-TO-MAINTAIN MOTORS
3.2. KEY RESTRAINTS
- 3.2.1. HIGH INSTALLATION COSTS OF MANUFACTURING FACILITY
- 3.2.2. VOLATILE PRICES OF RAW MATERIALS
- 3.2.3. UNAUTHORIZED MARKETS

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON INDUCTION MOTORS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.7. REGULATORY FRAMEWORK

5. MARKET BY TYPE

5.1. SINGLE-PHASE INDUCTION MOTOR
5.2. THREE-PHASE INDUCTION MOTOR

6. MARKET BY APPLICATION

6.1. COMMERCIAL
6.2. INDUSTRIAL
6.3. RESIDENTIAL

7. GEOGRAPHICAL ANALYSIS

7.1. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. UNITED STATES
  - 7.1.5.2. CANADA
7.2. EUROPE
- 7.2.1. MARKET SIZE & ESTIMATES
- 7.2.2. KEY GROWTH ENABLERS
- 7.2.3. KEY CHALLENGES
- 7.2.4. KEY PLAYERS
- 7.2.5. COUNTRY ANALYSIS
  - 7.2.5.1. UNITED KINGDOM
  - 7.2.5.2. GERMANY
  - 7.2.5.3. FRANCE
  - 7.2.5.4. ITALY
  - 7.2.5.5. SPAIN
  - 7.2.5.6. REST OF EUROPE
7.3. ASIA-PACIFIC
- 7.3.1. MARKET SIZE & ESTIMATES
- 7.3.2. KEY GROWTH ENABLERS
- 7.3.3. KEY CHALLENGES
- 7.3.4. KEY PLAYERS
- 7.3.5. COUNTRY ANALYSIS
  - 7.3.5.1. CHINA
  - 7.3.5.2. JAPAN
  - 7.3.5.3. INDIA
  - 7.3.5.4. SOUTH KOREA
  - 7.3.5.5. AUSTRALIA
  - 7.3.5.6. REST OF ASIA-PACIFIC
7.4. REST OF WORLD
- 7.4.1. MARKET SIZE & ESTIMATES
- 7.4.2. KEY GROWTH ENABLERS
- 7.4.3. KEY CHALLENGES
- 7.4.4. KEY PLAYERS
- 7.4.5. REGIONAL ANALYSIS
  - 7.4.5.1. LATIN AMERICA
  - 7.4.5.2. MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. ABB LTD
- 8.2.2. AMETEK
- 8.2.3. BROOK CROMPTON
- 8.2.4. JOHNSON ELECTRIC HOLDINGS
- 8.2.5. NIDEC MOTOR CORPORATION
- 8.2.6. REGAL BELOIT CORPORATION
- 8.2.7. SIEMENS AG
- 8.2.8. WEG ELECTRIC CORPORATION

Product Code: 22085

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - INDUCTION MOTORS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2021 (MONTH-WISE SALES)
TABLE 4: COUNTRY-WISE STOCK TARGETS OF ELECTRIC VEHICLES TILL 2021
TABLE 5: COMPARISON BETWEEN SYNCHRONOUS & 3-PHASE INDUCTION MOTORS
TABLE 6: CONTRAST BETWEEN DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES
TABLE 7: COMPARISON OF EFFICIENCY CLASSES
TABLE 8: GLOBAL INDUCTION MOTORS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: GLOBAL INDUCTION MOTORS MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: GLOBAL SINGLE-PHASE INDUCTION MOTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: GLOBAL SINGLE-PHASE INDUCTION MOTOR MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 12: GLOBAL THREE-PHASE INDUCTION MOTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: GLOBAL THREE-PHASE INDUCTION MOTOR MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 14: GLOBAL INDUCTION MOTORS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 15: GLOBAL INDUCTION MOTORS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 16: GLOBAL COMMERCIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 17: GLOBAL COMMERCIAL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 18: GLOBAL INDUSTRIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 19: GLOBAL INDUSTRIAL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 20: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 21: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 22: GLOBAL INDUCTION MOTORS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 23: GLOBAL INDUCTION MOTORS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 24: NORTH AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 25: NORTH AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 26: LEADING PLAYERS OPERATING IN NORTH AMERICA INDUCTION MOTORS MARKET
TABLE 27: EUROPE INDUCTION MOTORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 28: EUROPE INDUCTION MOTORS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 29: LEADING PLAYERS OPERATING IN EUROPE INDUCTION MOTORS MARKET
TABLE 30: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 31: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 32: LEADING PLAYERS OPERATING IN ASIA-PACIFIC INDUCTION MOTORS MARKET
TABLE 33: REST OF WORLD INDUCTION MOTORS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 34: REST OF WORLD INDUCTION MOTORS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 35: LEADING PLAYERS OPERATING IN REST OF WORLD INDUCTION MOTORS MARKET
TABLE 36: LIST OF MERGERS & ACQUISITIONS
TABLE 37: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 38: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 39: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: GLOBAL INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 7: GLOBAL INDUCTION MOTORS MARKET, BY SINGLE-PHASE INDUCTION MOTOR, 2023-2032 (IN $ MILLION)
FIGURE 8: GLOBAL INDUCTION MOTORS MARKET, BY THREE-PHASE INDUCTION MOTOR, 2023-2032 (IN $ MILLION)
FIGURE 9: GLOBAL INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 10: GLOBAL INDUCTION MOTORS MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)
FIGURE 11: GLOBAL INDUCTION MOTORS MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)
FIGURE 12: GLOBAL INDUCTION MOTORS MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA INDUCTION MOTORS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 14: UNITED STATES INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 15: CANADA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 16: EUROPE INDUCTION MOTORS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 17: UNITED KINGDOM INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 18: GERMANY INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 19: FRANCE INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 20: ITALY INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 21: SPAIN INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: REST OF EUROPE INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC INDUCTION MOTORS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 24: CHINA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 25: JAPAN INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 26: INDIA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 27: SOUTH KOREA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 28: AUSTRALIA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 29: REST OF ASIA-PACIFIC INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 30: REST OF WORLD INDUCTION MOTORS MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)
FIGURE 31: LATIN AMERICA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 32: MIDDLE EAST & AFRICA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)