GLOBAL INDUCTION MOTORS MARKET 2019-2028

Automotive & Transportation | Automotive Components

GLOBAL INDUCTION MOTORS MARKET 2019-2028

Market By Type, Application And Geography | Forecast 2019-2028

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After a detailed analysis, Triton Market Research has concluded that the induction motors market is expected to display an upward trend in terms of revenue. In addition, it is estimated to grow at a CAGR of 3.72% during the forecasting years 2019 to 2028. The market accounted for $13232 million in 2018 and is expected to reach $20316 million by 2028.



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The induction motor is an asynchronous AC electric motor. It was invented by Nikola Tesla and has been around for a hundred years. It is a very popular motor that is being used. Around 30% of the world’s energy consumption is due to induction motors. Hence research is being done to increase its efficiency. Some of the electric vehicle manufacturers are also considering this motor for propulsion.

The global induction motors market report from Triton Market Research gives a detailed analysis of market definition, key insight, evolution & transition of the market, key impact analysis, Porter’s five force analysis, market attractiveness index, vendor scorecard and industry components.

Compared with other motors, the expense of the induction motor is economical. This is the primary reason why induction motors are highly adopted. Because of the modest size of the induction motors, induction motors are cheaper compared to synchronous and DC motors. Thus, the induction motor is highly favored for applications with fixed speed where AC line power can be easily added in automotive, commercial and domestic applications as well. This is the main factor that drives the market. 

The key opportunity for the market growth, such as the growth in the Asia-Pacific industrial market and the the growing demand for energy-efficient motors, must be leveraged to reach the projected growth. Growing industrial base in the developing economies such as India and China is expected to create huge growth opportunities in the market over the forecast period. Induction motors are widely being used in industrial applications owing to their rugged in construction that requiring hardly any maintenance.

Fragmented nature of the market and high cost of installation of a manufacturing facility are major restraints that negatively impacts the market. There are various market players worldwide that deal with the induction motor business. Thus, no single group or company drives the global induction motor market. Also, the consumers across the globe are inclined towards the unauthorized market as the local vendors provide motors cost-effectively. Hence, the whole revenue of the induction motor market does not get recognized. Also, the induction motor market is composed of multiple high-incompatible products, forcing prospective buyers of a single product to commit to an entire ecosystem, rather than maintaining a free choice of product.




Geographies covered for the induction motors market:

           North America: United States and Canada

           Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe

           Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia-Pacific

           Latin America: Brazil, Mexico and Rest of Latin America

           The Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of Middle East & Africa

The induction motors market, in this report, is segmented as:

           Type is sub segmented into:

o          Single Phase

o          Three Phase

           Application is sub segmented into:

o          Commercial

o          Industrial

o          Residential

Major Key players engaged in the induction Motors market are ABB, Brook Crompton Ltd, Inmotion, Fuji Electric, General Electric, Johnson Electric Holdings Limited, Kirloskar Electric Company, MMC Electric Company Pvt Ltd (Dynaflux), Nidec Motor Corporation, Oriental Motor Co Ltd, Regal Beloit Corporation, Rockwell Automation Inc, SIEMENS, WEG Electric Corporation and CG Power and Industrial Solutions. The strategic analysis for each of these companies in the induction motors market is covered in detail.

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Table of Content

1.    GLOBAL INDUCTION MOTORS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   THREE-PHASE SEGMENT LEADS THE MARKET BY TYPE

2.2.2.   RESIDENTIAL SEGMENT ANTICIPATED TO SHOW FASTEST GROWTH

2.2.3.   GROWTH IN AUTOMATION INDUSTRIES

2.2.4.   DEVELOPMENT OF CARBON NANOTUBE YARNS

2.3. EVOLUTION & TRANSITION OF INDUCTION MOTORS

2.4. PORTER’S FIVE FORCE ANALYSIS

2.4.1.   THREAT OF NEW ENTRANTS

2.4.2.   THREAT OF SUBSTITUTE

2.4.3.   BARGAINING POWER OF SUPPLIERS

2.4.4.   BARGAINING POWER OF BUYERS

2.4.5.   THREAT OF COMPETITIVE RIVALRY

2.5. KEY IMPACT ANALYSIS

2.5.1.   PRICE

2.5.2.   EFFICIENCY

2.5.3.   SPEED RATING

2.5.4.   INSULATION

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. INDUSTRY COMPONENTS

2.8.1.   RAW MATERIAL SUPPLIERS

2.8.2.   MANUFACTURERS

2.8.3.   DISTRIBUTORS & RETAILERS

2.8.4.   END-USERS

2.9. MARKET DRIVERS

2.9.1.   DEMAND BY ELECTRIC VEHICLES

2.9.2.   COST EFFECTIVENESS OF INDUCTION MOTORS

2.9.3.   LOW MAINTENANCE COST INCREASES ADOPTABILITY

2.9.4.   INNOVATION IN INDUCTION MOTORS

2.10. MARKET RESTRAINTS

2.10.1. FRAGMENTED NATURE OF MARKET

2.10.2. HIGH COST OF INSTALLATION OF MANUFACTURING FACILITY

2.11. MARKET OPPORTUNITIES

2.11.1. GROWTH IN ASIA-PACIFIC INDUSTRIAL MARKET

2.11.2. GROWING DEMAND FOR ENERGY-EFFICIENT MOTORS

2.12. MARKET CHALLENGES

2.12.1. FLUCTUATIONS IN RAW MATERIAL PRICES

3.    GLOBAL INDUCTION MOTORS MARKET OUTLOOK – BY TYPE

3.1. SINGLE-PHASE

3.2. THREE-PHASE

4.    GLOBAL INDUCTION MOTORS MARKET OUTLOOK - BY APPLICATION

4.1. COMMERCIAL

4.2. INDUSTRIAL

4.3. RESIDENTIAL

5.    GLOBAL INDUCTION MOTORS MARKET – REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1.   MARKET BY TYPE

5.1.2.   MARKET BY APPLICATION

5.1.3.   COUNTRY ANALYSIS

5.1.3.1. UNITED STATES

5.1.3.2. CANADA

5.2. EUROPE

5.2.1.   MARKET BY TYPE

5.2.2.   MARKET BY APPLICATION

5.2.3.   COUNTRY ANALYSIS

5.2.3.1. UNITED KINGDOM

5.2.3.2. GERMANY

5.2.3.3. FRANCE

5.2.3.4. SPAIN

5.2.3.5. ITALY

5.2.3.6. RUSSIA

5.2.3.7. REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1.   MARKET BY TYPE

5.3.2.   MARKET BY APPLICATION

5.3.3.   COUNTRY ANALYSIS

5.3.3.1. CHINA

5.3.3.2. JAPAN

5.3.3.3. INDIA

5.3.3.4. SOUTH KOREA

5.3.3.5. ASEAN COUNTRIES

5.3.3.6. AUSTRALIA & NEW ZEALAND

5.3.3.7. REST OF ASIA-PACIFIC

5.4. LATIN AMERICA

5.4.1.   MARKET BY TYPE

5.4.2.   MARKET BY APPLICATION

5.4.3.   COUNTRY ANALYSIS

5.4.3.1. BRAZIL

5.4.3.2. MEXICO

5.4.3.3. REST OF LATIN AMERICA

5.5. MIDDLE EAST AND AFRICA

5.5.1.   MARKET BY TYPE

5.5.2.   MARKET BY APPLICATION

5.5.3.   COUNTRY ANALYSIS

5.5.3.1. UNITED ARAB EMIRATES

5.5.3.2. TURKEY

5.5.3.3. SAUDI ARABIA

5.5.3.4. SOUTH AFRICA

5.5.3.5. REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1. ABB

6.2. BROOK CROMPTON LTD

6.3. INMOTION

6.4. FUJI ELECTRIC

6.5. GENERAL ELECTRIC

6.6. JOHNSON ELECTRIC HOLDINGS LIMITED

6.7. KIRLOSKAR ELECTRIC COMPANY

6.8. MMC ELECTRIC COMPANY PVT LTD (DYNAFLUX)

6.9. NIDEC MOTOR CORPORATION

6.10. ORIENTAL MOTOR CORPORATION

6.11. REGAL BELOIT CORPORATION

6.12. ROCKWELL AUTOMATION INC

6.13. SIEMENS

6.14. WEG ELECTRIC CORPORATION

6.15. CG POWER AND INDUSTRIAL SOLUTIONS

7.    METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL INDUCTION MOTORS MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

TABLE 4: COMPARISON BETWEEN SYNCHRONOUS & 3-PHASE INDUCTION MOTORS

TABLE 5: CONTRAST BETWEEN DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES

TABLE 6: COMPARISON OF EFFICIENCY CLASSES

TABLE 7: GLOBAL INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 8: GLOBAL INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 9: GLOBAL INDUCTION MOTORS MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 13: EUROPE INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 14: EUROPE INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 15: EUROPE INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 17: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 18: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 19: LATIN AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 20: LATIN AMERICA INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 21: LATIN AMERICA INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 22: MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 23: MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET, BY TYPE, 2019-2028 (IN $ MILLION)

TABLE 24: MIDDLE EAST AND AFRICA INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: TIMELINE OF INDUCTION MOTORS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: GLOBAL INDUCTION MOTORS MARKET, BY SINGLE-PHASE, 2019-2028 (IN $ MILLION)

FIGURE 6: GLOBAL INDUCTION MOTORS MARKET, BY THREE-PHASE, 2019-2028 (IN $ MILLION)

FIGURE 7: GLOBAL INDUCTION MOTORS MARKET, BY COMMERCIAL, 2019-2028 (IN $ MILLION)

FIGURE 8: GLOBAL INDUCTION MOTORS MARKET, BY INDUSTRIAL, 2019-2028 (IN $ MILLION)

FIGURE 9: GLOBAL INDUCTION MOTORS MARKET, BY RESIDENTIAL, 2019-2028 (IN $ MILLION)

FIGURE 10: GLOBAL INDUCTION MOTORS MARKET, REGIONAL OUTLOOK, 2018 & 2028 (IN %)

FIGURE 11: UNITED STATES INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 12: CANADA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 13: UNITED KINGDOM INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 14: GERMANY INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 15: FRANCE INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 16: SPAIN INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 17: ITALY INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 18: RUSSIA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 19: REST OF EUROPE INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: CHINA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: JAPAN INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: INDIA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: SOUTH KOREA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: ASEAN COUNTRIES INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 26: REST OF ASIA-PACIFIC INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 27: BRAZIL INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 28: MEXICO INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 29: REST OF LATIN AMERICA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 30: UNITED ARAB EMIRATES INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 31: TURKEY INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 32: SAUDI ARABIA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 33: SOUTH AFRICA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

FIGURE 34: REST OF MIDDLE EAST & AFRICA INDUCTION MOTORS MARKET, 2019-2028 (IN $ MILLION)

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