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Global Induction Motor Market: By Product Type: Single Phase Induction Motors, Three Phase Induction Motors; By End Use: Industrial, Commercial, Residential; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Induction Motor Market Outlook

The global induction motor market size was around USD 15.3 billion in 2019. The market is further projected to grow at a CAGR of 9.5% over the forecast period of 2020-2025 to attain a value of USD 26.4 billion by 2025.

The induction motor industry is being driven by the rise in the sales of electric vehicles owing to the growing environmental concern and increased demand for eco-friendly products. The rapid technological advancements are further supporting the market growth globally. The industrial segment, among various end-use sectors, leads the industry. The growth of this segment can be attributed to the increased demand for asynchronous motors owing to its characteristics and efficiency. 

Region-wise, the Asia Pacific is the leading induction motor market, accounting for a significant share in the global industry. The Asia Pacific induction motor market is supported by the growth of the heating, ventilation, and air conditioning (HVAC) industry and the increasing popularity of electric vehicles in the region owing to the increased government expenditure to curb pollution level in countries like China and India.

 

Properties and Applications

Induction motor, also called asynchronous motor, is an AC electric motor that can be produced without any electronic links to the rotor. This motor, which is utilised in most machineries today, is more reliable, powerful, and environmentally friendly than the traditional motors. Owing to its high durability and reduced maintenance cost, it is widely used in pumps, small fans, electric shavers, cranes, textile industry, and oil extracting mills, among others. 

 The various induction motor product types available in the industry include:

  • Single Phase Induction Motors
  • Three Phase Induction Motors

On the basis of end-use, the industry is divided into:

  • Industrial
  • Commercial
  • Residential

The report also covers the regional induction motor markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global induction motor market is aided by the rapid technological advancement and growing preference for electric vehicles. The affordable nature and easy functionality of such motors are resulting in its increased adoption in the industrial sector for various applications. 

The growing need for energy-efficient products and devices in homes, manufacturing complexes, and energy infrastructures is resulting in the increased demand for induction motors. Induction motors are increasingly being adopted because they are robust, can hold smaller loads and provide reduced aftersales expenditure and services. Induction motors are commonly used in compressor load systems, fans, and other applications as they help in saving a considerable amount of energy. As it can operate efficiently even in varying climatic conditions, its demand is witnessing a significant growth. 

Moreover, the rising concerns regarding climate change and environmental pollution, coupled with the growing acceptance of technology, are leading to an increased preference for induction motors. The stringent government regulations pertaining to the use of environmentally friendly and sustainable vehicles is providing a boost to the industry. This is resulting in the increased sales of electric vehicles, which, in turn, is driving the demand for induction motors. The induction motor market players are continuously innovating and expanding their product range into developing advanced features with e-assistance services such as Smart Induction Motor Monitoring System (SEMS) in e-bikes and other vehicle types, which is expected to further aid the growth of the industry over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global induction motor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd
  • AMETEK Inc.
  • Siemens
  • Johnson Electric Holdings Limited
  • Regal Beloit Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Induction Motor Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Induction Motor Historical Market (2015-2019) 
    8.3    Global Induction Motor Market Forecast (2020-2025)
    8.4    Global Induction Motor Market by Product Type
        8.4.1    Single Phase Induction Motors  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Three Phase Induction Motors
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Induction Motor Market by End Use
        8.5.1    Industrial 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Residential
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
    8.6    Global Induction Motor Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Manufacturing Process

    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Company Profiles
        14.3.1    ABB Ltd
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    AMETEK Inc.
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications
        14.3.3    Siemens
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications
        14.3.4    Johnson Electric Holdings Limited
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Certifications
        14.3.5    Regal Beloit Corporation
            14.3.5.1    Company Overview
            14.3.5.2    Product Portfolio
            14.3.5.3    Demographic Reach and Achievements
            14.3.5.4    Certifications
        14.3.6    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Induction Motor Market: Key Industry Highlights, 2015 and 2025
2.    Global Induction Motor Historical Market: Breakup by Product Type (USD Billion), 2015-2019
3.    Global Induction Motor Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
4.    Global Induction Motor Historical Market: Breakup by End Use (USD Billion), 2015-2019
5.    Global Induction Motor Market Forecast: Breakup by End Use (USD Billion), 2020-2025
6.    Global Induction Motor Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Induction Motor Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Induction Motor Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Induction Motor Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Europe Induction Motor Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Europe Induction Motor Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Induction Motor Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Induction Motor Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Induction Motor Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Induction Motor Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Induction Motor Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Induction Motor Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Induction Motor Market Structure

Key Questions Answered in the Report

The global induction motor market reached a value of USD 15.3 billion in 2019. 

The market is projected to grow at a CAGR of nearly 9.5% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 26.4 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing sales of electric vehicles, rising environmental concern, rising demand for eco-friendly products, and the rapid technological advancements.

The stringent government regulations pertaining to the use of environmentally friendly and sustainable vehicles is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

The major product types in the industry are single phase induction motors and three phase induction motors.

The industrial sector accounts for the largest market share, among other end-use segments in the industry.

The leading players in the market are ABB Ltd, AMETEK Inc., Siemens, Johnson Electric Holdings Limited, and Regal Beloit Corporation, among others.

Analyst Review

The global induction motor market attained a value of USD 15.3 billion in 2019, driven by the growth in the technological advancements. Aided by the rising government expenditure to curb pollution level, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 9.5%. The industry is projected to reach USD 26.4 billion by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global induction motor market can be segmented into single phase induction motors and three phase induction motors. On the basis of end use, industrial sector accounts for the largest share in the global industry. The major regional markets for induction motor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include ABB Ltd, AMETEK Inc., Siemens, Johnson Electric Holdings Limited, and Regal Beloit Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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