Global Induction Motor Market Insights, Forecast to 2028

Induction motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. Induction motor therefore does not require mechanical commutation, separate-excitation or self-excitation for all or part of the energy transferred from stator to rotor. Induction motor's rotor can be either wound type or squirrel-cage type.
Three-phase squirrel-cage induction motors are widely used in industrial drives because they are rugged, reliable and economical. Single-phase induction motors are used extensively for smaller loads, such as household appliances like fans.
Market Analysis and Insights: Global Induction Motor Market
Due to the COVID-19 pandemic, the global Induction Motor market size is estimated to be worth US$ 15190 million in 2022 and is forecast to a readjusted size of US$ 22790 million by 2028 with a CAGR of 7.0% during the review period. Fully considering the economic change by this health crisis, Single-phase Induction Motor accounting for % of the Induction Motor global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to an % CAGR throughout this forecast period.
Europe, USA and China are the major sales markets. The Chinese market is stably growing, while the market share of Europe and USA is gradually declined, and the market in other areas is expanding year by year.
In terms of production side, this report researches the Induction Motor capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Induction Motor by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Induction Motor Scope and Segment
Induction Motor market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Induction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Single-phase Induction Motor
Three-phase Induction Motor
Segment by Application
Chemical Industry
Logistics Industry
Engineering and Manufacturing Industry
Others
By Company
ABB
Emerson
GE
TECO
Regal-Beloit
Nidec
Siemens
Tatung
Hitachi
WEG
Bosch Rexroth
SEW-Eurodrive
Cummins
YASKAWA
Toshiba
VEM
NORD
Landert
ABM Greiffenberger
SPG
Brook Crompton
Sterling Electric
Wolong
XEMC
JLEM
Huali Group
Jiangte
WNM
Ydmotor
Dazhong
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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