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Induction Motors Market By Type (Single-phase Induction Motors, and Three-phase Induction Motors) By Application (Commercial, Industrial, Residential, and Others) Market Growth, Future Prospects, Government & Defense) Post COVID-19 Scenario 2020 - 2028

 Report Code
 Category
 Published Date
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MNR-1432
Machinery and Equipments
04 March 2021
135
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An induction motor, also called as an asynchronous motor is a commonly used AC electric motor. Induction motors are called as ‘asynchronous motors’ as they work at a speed less than their synchronous speed. Induction motors mainly works on principle of induction in which torque is generated by the reaction between a varying magnetic field produced in the stator and the current induced in the coils of the rotor. Currently, induction motors are used instead of DC motors which were earlier used for industrial applications. The two essential parts of the induction motors are stator and rotor. In that, the stator carries overlapping windings while the rotor carries the field windings. Some of the characteristic features of induction motors are simple and robustness, high reliability and sufficiently high proficiency, low cost and maintenance, needs no additional starting motors and no need to be synchronized. In electric vehicles, induction motors serve as strong alternative to the permanent magnet motors.
 
The two types of induction motors are single-phase induction motors and three-phase induction motors. The single-phase induction motors are not self-starting, while three-phase induction motors are self-starting and use no capacitor or start winding. Single-phase induction motors are widely used in domestic as well as industrial applications. Three-phase induction motors are used in cranes, oil extracting mills, crushers, and large capacity exhaust fans, among others. On the basis of application, the market is segmented into residential, industrial, commercial, and others. Single-phase induction motors are used for light and regular applications, while three-phase induction motors are used for heavy load applications.
 
The companies operating in the induction motors market include a combination of various established companies along with some of the start-ups focusing on expansion and new product development. Some of the major players in the global induction motors market include Emerson Electric Co., Schneider Electric SE, Siemens AG, Kirloskar Electric Company, Toshiba Corporation, ABB Ltd., Baldor Electric Company, Nidec Motors Corporation, Regal Beloit Corporation, and WEG Electric Corp.

Global Induction Motors Market, By Type
On the basis of type, the global induction motors market is segmented into following categories:
  • Single-phase Induction Motors
  • Three-phase Induction Motors
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2019 and 2028:

Induction Motors Value Share, By Type, 2019 & 2028(% Value)


In 2019, the three-phase induction motors segment led the overall induction motors market in terms of market value accounting for over 65% of the global market. Three-phase induction motors are cost-effective, maintenance-free, robust, and can operate in any environmental condition. They are widely used in automotive, healthcare, oil and gas, and manufacturing industries. Three-phase induction motors are used in heavy duty application whereas, single-phase induction motors are used for light and regular applications. The various types of single phase induction motors include split phase induction motors, capacitor start and capacitor run induction motors, capacitor start induction motors, and shaded pole induction motors. Different types of three phase induction motors include squirrel cage induction motors, and slip ring induction motors.

Global Induction Motors Market, By End-use
On the basis of end-use, the global induction motors market is segmented into following categories:
  • Residential
  • Commercial
  • Industrial
  • Others
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2019 and 2028:

Induction Motors Value Share, By End-use, 2019 & 2028(% Value)


In 2019, the industrial end-use segment led the overall induction motors market in terms of market value owing to the growing industrial sector across the world. Moreover, the shift towards industrial automation, coupled with the increasing consumer confidence as well as promising investment plans triggers demand for the induction motors in the industrial end-use segment. Residential end-use segment is expected to witness high demand during the forecast period from 2020 to 2028. The fastest growth rate of the residential sector is due to the rising need for household appliances, increasing urbanization, home automation, and digitalization.

Global Induction Motors Market, By Geography
Based on geography, the induction motors market is segmented into following:
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2019 and 2028:

Induction Motors Value Share, By Geography, 2019 & 2028(% Value)


In 2019, Asia Pacific held the largest share in the induction motors market owing to the rising adoption of induction motors in electric vehicles, due to their improved efficiency and lightweight, replaced the DC motors. In addition, the growth in the HVAC industry leads to high demands for induction motors in Asia Pacific region. Moreover, rapid industrialization and growing manufacturing sector in countries such as China and India are fueling the demand for numerous end-user applications of induction motors. Furthermore, Asia Pacific is expected to dominate the induction motors market for the forecasted period from 2020 to 2028. The demand for electric vehicles as well as government initiatives to minimize greenhouse gas emissions also drive the Asia Pacific induction motors market in near future.

Table of Content

Chapter 1    Preface
    1.1    Report Description
        1.1.1    Aim of the Report
        1.1.2    Report Target Audience
        1.1.3    Report Offering
    1.2    Research Scope
    1.3    Research Methodology
        1.3.1    Phase I – Secondary Research
        1.3.2    Phase II – Primary Research
        1.3.3    Phase III – Expert Panel Review
        1.3.4    Assumptions
        1.3.5    Top-Down and Bottom-Up Approach
Chapter 2    Executive Summary
    2.1    Market Snapshot: Global Industion Motors Market
    2.2    Global Industion Motors Market, By Type
    2.3    Global Industion Motors Market, By End-use 
    2.4    Global Industion Motors Market, By Geography
Chapter 3    Market Dynamics
    3.1    Product and Market Insights
        3.1.1    Global Industion Motors Market Value and Growth, 2018 – 2028, (US$ Bn) (Y-o-Y %)
    3.2    Market Dynamics
        3.2.1    Growth Drivers
        3.2.2    Market Restraints
        3.2.3    Impact Analysis of Drivers and Restraints
        3.2.4    Trends and Future Outlook
    3.3    Attractive Investment Proposition
    3.4    Competitive Analysis
        3.4.1    Competitive Landscape in the Industion Motors Market
Chapter 4    Global Industion Motors Market Analysis, By Type
    4.1    Overview
    4.2    Single-Acting Industion Motors
        4.2.1    Global Single-Acting Industion Motors Market Value, 2018 – 2028, (US$ Bn)
    4.3    Double-Acting Industion Motors 
        4.3.1    Global Double-Acting Industion Motors Market Value, 2018 – 2028, (US$ Bn)
Chapter 5    Global Industion Motors Market Analysis, By End-use 
    5.1    Overview
    5.2    Residential
        5.2.1    Global Industion Motors Market Value for Residential, 2018 – 2028, (US$ Bn)
    5.3    Commercial
        5.3.1    Global Industion Motors Market Value for Commercial, 2018 – 2028, (US$ Bn)
    5.4    Industrial
        5.4.1    Global Industion Motors Market Value for Industrial Market Value, 2018 – 2028, (US$ Bn)
    5.5    Others
        5.5.1    Global Industion Motors Market Value for Others  Market Value, 2018 – 2028, (US$ Bn)
Chapter 6    North America Industion Motors Market Analysis
    6.1    Overview
    6.2    North America Industion Motors Market Analysis, By Type, 2018 – 2028
        6.2.1    Market Analysis
    6.3    North America Industion Motors Market Analysis, By End-use , 2018 – 2028
        6.3.1    Market Analysis
    6.4    North America Industion Motors Market Analysis, By Country, 2018 – 2028
        6.4.1    Market Analysis
        6.4.2    U.S.
        6.4.3    Canada
Chapter 7    Europe Industion Motors Market Analysis
    7.1    Overview
    7.2    Europe Industion Motors Market Analysis, By Type, 2018 – 2028
        7.2.1    Market Analysis
    7.3    Europe Industion Motors Market Analysis, By End-use , 2018 – 2028
        7.3.1    Market Analysis
    7.4    Europe Industion Motors Market Analysis, By Country, 2018 – 2028
        7.4.1    Market Analysis
        7.4.2    UK
        7.4.3    Germany
        7.4.4    France
        7.4.5    Rest of Europe
Chapter 8    Asia Pacific Industion Motors Market Analysis
    8.1    Overview
    8.2    Asia Pacific Industion Motors Market Analysis, By Type, 2018 – 2028
        8.2.1    Market Analysis
    8.3    Asia Pacific Industion Motors Market Analysis, By End-use , 2018 – 2028
        8.3.1    Market Analysis
    8.4    Asia Pacific Industion Motors Market Analysis, By Country, 2018 – 2028
        8.4.1    Market Analysis
        8.4.2    China
        8.4.3    Japan
        8.4.4    India
        8.4.5    Rest of Asia Pacific
Chapter 9    Latin America Industion Motors Market Analysis
    9.1    Overview
    9.2    Latin America Industion Motors Market Analysis, By Type, 2018 – 2028
        9.2.1    Market Analysis
    9.3    Latin America Industion Motors Market Analysis, By End-use , 2018 – 2028
        9.3.1    Market Analysis
    9.4    Latin America Industion Motors Market Analysis, By Country, 2018 – 2028
        9.4.1    Market Analysis
        9.4.2    Mexico
        9.4.3    Brazil
        9.4.4    Rest of Latin America
Chapter 10    Middle East and Africa (MEA) Industion Motors Market Analysis
    10.1    Overview
    10.2    MEA Industion Motors Market Analysis, By Type, 2018 – 2028
        10.2.1    Market Analysis
    10.3    MEA Industion Motors Market Analysis, By End-use , 2018 – 2028
        10.3.1    Market Analysis
    10.4    MEA Industion Motors Market Analysis, By Country, 2018 – 2028
        10.4.1    Market Analysis
        10.4.2    GCC Countries
        10.4.3    South Africa
        10.4.4    Rest of MEA
Chapter 11    Company Profiles
    11.1    Emerson Electric Co.
        11.1.1    Emerson Electric Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.2    Siemens AG
        11.2.1    Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.3    Schneider Electric SE
        11.3.1    Schneider Electric SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.4    Kirloskar Electric Company
        11.4.1    Kirloskar Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.5    Toshiba Corporation
        11.5.1    Toshiba Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.6    ABB Ltd.
        11.6.1    ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.7    Baldor Electric Company
        11.7.1    Baldor Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.8    Nidec Motors Corporation
        11.8.1    Nidec Motors Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.9    Regal Beloit Corporation
        11.9.1    Regal Beloit Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
    11.10    WEG Electric Corp.
        11.10.1    WEG Electric Corp.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

List of Figures 

FIG. 1Global Industion Motors Market: Research Methodology
FIG. 2Top-Down and Bottom Up Approach
FIG. 3Global Industion Motors Market, By Type, 2019 (US$ Bn)
FIG. 4Global Industion Motors Market, By End-use , 2019 (US$ Bn)
FIG. 5Global Industion Motors Market, By Geography, 2019 (US$ Bn)
FIG. 6Global Industion Motors Market Value and Growth, 2018 – 2028, (US$ Bn) (Y-o-Y %)
FIG. 7Attractive Investment Proposition
FIG. 8Market Positioning of Key Industion Motors Providers, 2016
FIG. 9Global Industion Motors Market Value Share, By Type, 2019 & 2028 (% Value)
FIG. 10Global Single-Acting Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 11Global Double-Acting Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 14Global Industion Motors Market Value Share, By End-use , 2019 & 2028 (% Value)
FIG. 15Global Industion Motors Market Value for Residential , 2018 – 2028, (US$ Bn)
FIG. 16Global Industion Motors Market Value for Commercial  Market Value, 2018 – 2028, (US$ Bn)
FIG. 17Global Industion Motors Market Value for Industrial  Market Value, 2018 – 2028, (US$ Bn)
FIG. 18Global Industion Motors Market Value for Others  Market Value, 2018 – 2028, (US$ Bn)
FIG. 19Global Industion Motors Market Value for Semiconductor and Electronics  Market Value, 2018 – 2028, (US$ Bn)
FIG. 20Global Industion Motors Market Value for Mining  Market Value, 2018 – 2028, (US$ Bn)
FIG. 21Global Industion Motors Market Value for Other End-use Industries Market Value, 2018 – 2028, (US$ Bn)
FIG. 22U.S. Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 23Canada Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 24UK Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 25Germany Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 26France Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 27Rest of Europe Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 28China Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 29Japan Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 30India Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 31Rest of Asia Pacific Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 32Mexico Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 33Brazil Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 34Rest of Latin America Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 35GCC Countries Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 36South Africa Industion Motors Market Value, 2018 – 2028, (US$ Bn)
FIG. 37Rest of MEA Industion Motors Market Value, 2018 – 2028, (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Industion Motors Market
TABLE 2Impact Pointers
TABLE 3Impact Analysis of Drivers and Restraints
TABLE 4North America Industion Motors Market Value, By Type, 2018 – 2028
TABLE 5North America Industion Motors Market Value, By End-use , 2018 – 2028
TABLE 6North America Industion Motors Market Value, By Country, 2018 – 2028
TABLE 7Europe Industion Motors Market Value, By Type, 2018 – 2028
TABLE 8Europe Industion Motors Market Value, By End-use , 2018 – 2028
TABLE 9Europe Industion Motors Market Value, By Country, 2018 – 2028
TABLE 10Asia Pacific Industion Motors Market Value, By Type, 2018 – 2028
TABLE 11Asia Pacific Industion Motors Market Value, By End-use , 2018 – 2028
TABLE 12Asia Pacific Industion Motors Market Value, By Country, 2018 – 2028
TABLE 13Latin America Industion Motors Market Value, By Type, 2018 – 2028
TABLE 14Latin America Industion Motors Market Value, By End-use , 2018 – 2028
TABLE 15Latin America Industion Motors Market Value, By Country, 2018 – 2028
TABLE 16MEA Industion Motors Market Value, By Type, 2018 – 2028
TABLE 17MEA Industion Motors Market Value, By End-use , 2018 – 2028
TABLE 18MEA Industion Motors Market Value, By Country, 2018 – 2028
TABLE 19Emerson Electric Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 20Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 21Schneider Electric SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 22Kirloskar Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 23Toshiba Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 24ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25Baldor Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26Nidec Motors Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27Regal Beloit Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28WEG Electric Corp.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

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