Global Induction Motor Market 2024-2030
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Global Induction Motor Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

INDUCTION MOTOR MARKET

 

INTRODUCTION

 

An electric motor that uses the electromagnetic induction theory to function is called an induction motor.

 

One of the most popular kinds of electric motors, it is utilized in a variety of industrial, commercial, and residential applications.

 

Due to their dependability, simplicity, and affordability, induction motors are frequently utilized.

 

Magnetic fields interact to operate an induction motor in the most fundamental manner.

 

A revolving magnetic field is produced when alternating current (AC) is applied to the motor's stator coil.

 

Through electromagnetic induction, this spinning magnetic field creates voltage and current in the rotor, the motor's rotating component.

 

The rotor rotates as a result of the interaction between the revolving magnetic field and the induced currents in the rotor, which drives the mechanical load attached to the motor.

 

Squirrel cage induction motors and wrapped rotor (slip ring) induction motors are the two primary types of induction motors.

 

Because of their straightforward and durable rotor design, squirrel cage induction motors are appropriate for a variety of applications.

 

Wound rotor induction motors are appropriate for applications requiring adjustable speed or higher starting torque because they provide extra control through external resistance connected to the rotor windings.

 

INDUCTION MOTOR MARKETSIZE AND FORECAST

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The induction motor accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

RECENT PRODUCT DEVELOPMENT AND INNOVATION IN INDUCTION MOTOR MARKET

 

An extensive selection of induction motor solutions are available from Nidec Corporation, a top producer of electric motors and associated equipment, to meet the needs of various industrial and commercial applications.

 

Nidec's induction motor product line is an excellent example of cutting-edge technology and engineering know-how with a dedication to innovation, quality, and sustainability.

 

The "H series" motors are a well-known item in Nidec's line of induction motors.

 

These energy-efficient motors are built to function at their best in a variety of sectors while complying with strict energy efficiency rules.

 

In order to achieve increased efficiency, lower energy consumption, and longer operational lifetimes, the H series motors combine cutting-edge materials, precise manufacture, and novel design elements.

 

The "S series" motors, which stand out for their small size and durable construction, are another noteworthy option.

 

These motors are well suited for use in heavy industries including manufacturing, mining, and construction since they are designed to deliver dependable and consistent performance in difficult settings.

 

A reliable functioning even under difficult circumstances is ensured by the S series motors' features like heat protection, corrosion resistance, and strong starting torque.

 

The "EcoCool" family of Nidec induction motors likewise emphasizes sustainability and environmental responsibility.

 

To decrease energy consumption and lower greenhouse gas emissions, these motors use cutting-edge cooling technology and eco-friendly materials.

 

Nidec's dedication to creating solutions that support international efforts to combat climate change and advance sustainable industrial practices is best demonstrated through the EcoCool line.

 

THIS INDUCTION MOTOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

 

  1. How many induction motor are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global induction motor and key vendor selection criteria
  3. Where is the induction motor manufactured? What is the average margin per unit?
  4. Market share of Global induction motor market manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global induction motor in-house
  6. key predictions for next 5 years in Global induction motor market
  7. Average B-2-B induction motor market price in all segments
  8. Latest trends in induction motor market, by every market segment
  9. The market size (both volume and value) of the induction motor market in 2024-2030 and every year in between?
  10. Production breakup of induction motor market, by suppliers and their OEM relationship
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix