The global induction motor market is expected to grow at 5% CAGR from 2024 to 2030. It is expected to reach above USD 20.167 billion by 2030 from USD 14.42 billion in 2023.

A comprehensive examination of the recently released research report from Exactitude Consultancy, titled “Global Induction Motor Market Size, Share, Pricing, Trends, Growth, Opportunities, and Forecast 2024-2030” is presented. This study encompasses essential insights into the target market, including projections regarding potential revenue, customer demands, regional assessments, and the principal elements poised to influence the market’s future trajectory. The report offers insights into prominent companies operating in the industry, newcomers to the market, supply chain innovations, financial considerations, noteworthy industry events, technological advancements, and forthcoming strategies, including mergers and acquisitions. To present readers with a holistic perspective of the market, the report categorizes the global Induction Motor market based on criteria such as type, applications, distribution channels, geography, and more.

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Year Considered to Estimate the Market Size:

·         Base Year of the Analysis: 2023

·         Historical Period: 2018-2023

·         Forecast Period: 2024-2030

Competitive Landscape

The Induction Motor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Induction Motor market.

Leading Key players included in this Report are:

Major players in the Induction Motor Market are identified through secondary research and their market revenues determined through primary and secondary research are: 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. among other domestic.

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.

Induction Motor Market Segmentation:

Induction Motors Market By Type, 2024-2030, (USD Billion), (Thousand Units)

Single Phase

Three Phases

Induction Motors Market By Application, 2024-2030, (USD Billion), (Thousand Units)

Residential

Industrial

Commercial

Transportation

Others

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Regional Outlook:

◘ North America (United States, Canada, and Mexico)

◘ Europe (Germany, France, UK, Russia, and Italy)

◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

◘ South America (Brazil, Argentina, Colombia, etc.)

◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Important Features that are under offering & key highlights of the report:

- Detailed overview of Induction Motor market

- Changing market dynamics of the industry

- In-depth market segmentation by Type, Application, etc.

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of Induction Motor market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth

- A neutral perspective towards Induction Motor market performance

- Market player’s information to sustain and enhance their footprint

Key Benefits:

⏩ This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Induction Motor market.

⏩ A descriptive analysis of demand-supply gap, estimation and forecast in the global Induction Motor market.

⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Induction Motor Market.

Following are some of the Most Important Questions that are Answered in this Report:

➟ What are the key regulatory frameworks governing significant sectors within the Induction Motor Market?

➟ Which technological advancements are exerting the most significant influence on the projected growth of the global Induction Motor Market?

➟ Who are the leading global enterprises currently exerting significant control over the majority of the Induction Motor Market?

➟ What primary business models are typically employed by the major companies in this market?

➟ What are the pivotal factors expected to impact the global expansion of the Induction Motor Market?

➟ How do major companies operating in the global Induction Motor Market space incorporate crucial strategies?

➟ What are the existing revenue contributions of various product categories in the global Induction Motor Market, and what changes are anticipated in this regard?

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·         Highly efficient and experienced team of analysts striving to create top-quality reports.

·         Our reports have facilitated the growth of over 500 companies.

·         The systematic and methodical market research process.

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