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Induction Motor Market, by Type

RA00111

Induction Motor Market, by Type (Single phase and Three Phase), Application (Residential, commercial and Industrial), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00111

Pages: NA

Mar 2020

Global Induction Motor Market Overview 2026:

Induction motors are most commonly used as AC electric motors. The rotor produces electric current to create torque which is obtained by electromagnetic induction by rotating the magnetic field by stator winding. Induction motors function at a high speed which is less than the rotating magnetic field speed. The rotating magnetic field helps the stator to create a movement in the rotor helps the stator to rotate the rotor. There is a difference in the movement time of the rotator and the moving current within the stator; the rotor will never extend its speed beyond the magnetic field speed. Therefore, the induction motor can therefore be made without having the electric current to the rotor. Basically, the induction motor is the motor where current is induced in the rotor from the rotating magnetic field of the stator.

Driving Factors: Robust structure of the motor is considered to drive the induction motor market

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motors market. Induction motors are robust in nature and can be operated in any climaticconditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motors are cost effective, highly reliable and the maintenance is very less, which expected to propel the growth of the induction motor market in the projected period.

The power factor is considered to be the major restraint for the induction motor market

The power factor of the induction motor drops at a higher rate during the light load condition. This is because the motor draws a large amount of magnetic current to overcome the air gap between the stator and the rotor at the time of starting the motor. The induction motor will acquire very less amount of current to the main supply. With the high magnetic current, the copper loss in the motor increases which in turn leads to the decrease in the efficiency of the motor. Due to the decrease in the power during the unwanted situation, can hamper to the growth of the market in the forecast period.

Induction Motor Market Segmentation, by Type:

Three phase induction motors are predicted to have the highest revenue and growth rate in the forecast period

Three phase induction motors are predicted to grow significantly in the forecast period. The three phase induction motors are self-starting and don’t require any capacitor or start winding or any centrifugal force for starting the motor. The three phase induction motors widely used in the industrial and construction sector are offered at a very economical price. Due to these reasons the three phase induction motor type is predicted to grow the market in the forecast period.

Induction Motor Market, by Application:

Industry application is the most lucrative in the forecast period

The industry application is predicted to grow enormously in the forecast period. The industry application mostly uses three phase induction motors for its economic reason and reliability. Industry application mostly uses induction motors in most of their sites like lifts, cranes, crushers, oil extracting machines and many more which makes the work further simpler and reliable with minimal maintenance. The motor is being used in the industrial application for very high inertia load, where it is necessary to generate the maximum torque at a very low swift and accelerate to full speed with minimal current.

Induction Motor Market, by Region

North America will have enormous opportunities for the market investors to grow over the coming years

North America is predicted to grow significantly in the forecast period. With the economic development and considerable investment, there will be significant growth in new constructions and expansion to the existing infrastructure which is predicted to grow the induction motor market in this region in the forecast period. As induction motors are widely used in construction industries, the market in the Asia-Pacific region is predicted to grow enormously in the forecast period. As many of the developing countries are situated in the Asia-Pacific region, the government regulation to expand the infrastructure and investing more on the expansion of the existing infrastructure gives boost to the market for the region in the forecast region.

Key participants in Induction Motors Market:

The major key players in the induction motors market are Baldor Electric Company, Siemens AG, Schneider Electric SE, Emerson Electric Company, ABB Ltd., Regal Beloit Corporation, Kirloskar Electric Company, Marathon Electric and Regal Beloit Corporation among others.
 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Single phase

  • Three Phase

  Segmentation by Application

  • Residential

  • Commercial

  • Industrial

  Key Countries Covered

U.S., Canada, Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Middle East, Africa

  Key Companies Profiled

  • Baldor Electric Company

  • Siemens AG

  • Schneider Electric SE

  • Emerson Electric Company

  • ABB Ltd.,

  • Regal Beloit Corporation

  • Kirloskar Electric Company

  • Marathon Electric

  • Regal Beloit Corporation

 


FREQUENTLY ASKED QUESTIONS?
 

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Product development are the key strategies opted by the operating companies in Induction Motors Market.

A. Siemens AG is the companies investing more on R&D activities for developing new products and technologies.

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