Please Wait.....
Report
Global Induction Motors Market Forecast 2023-2032
Market Report I 2023-01-31 I 238 Pages I Inkwood Research
KEY FINDINGS
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
TABLE OF CONTENTS
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
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)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security