The global induction motor market​ is expected to register a CAGR of 12.4% from 2014 to 2019. The Asia-Pacific region is expected to dominate the market, growing at a CAGR of 12.9% during the forecast period.

Induction motors are simple and rugged in construction. They are used in most of the industries. The advantages of induction motors include their robustness and ability to operate in any environmental condition. DC motors which were earlier used for industrial applications have now been replaced by induction motors.

Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=259165381

Induction motors, based on their construction, are of two types: single phase induction motors and three phase induction motors. Three phase induction motors are widely used in motor and drive applications. The three phase induction motors are estimated to grow at a double-digit CAGR from 2014 to 2019. They are used in lathes, drilling machines, agricultural and industrial pumps, lifts, cranes, and so on. The three phase induction motors are further divided into squirrel cage induction motors and slip ring induction motors in this report.

Factors driving the induction motor market include economical cost and low maintenance of the induction motors. Induction motors are economical and maintenance free due to the absence of brushes, commutators, and slip rings.

Induction motors are the most common electrical motors used in most applications. Most of the machines in industries use induction motors. They are widely preferred by various industries due to their robustness and ability to operate in any environmental condition.

An induction motor works on the principle of induction where an electro-magnetic field (EMF) is induced in rotor conductors when the rotating magnetic field of stator cuts the stationary rotor conductors. DC motors which were earlier used for industrial applications have now been replaced by induction motors. Based on input supply, the two type of induction motors are single phase induction motors and three phase induction motors. The three phase induction motors are more widely accepted and are used in numerous applications.

This report analyzes and segments the global induction motor market by type of induction motors, their application, and geography covered. The type segmentation includes single phase and three phase induction motors. The three phase market, with a major share of nearly 70% in the global market, is estimated to grow at a double-digit CAGR during the forecast period from 2014 to 2019. On the basis of application, the market is segmented into residential, industrial, and commercial. The market, in terms of geography, has been classified into regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Ask for PDF:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259165381

The major players offering various products in the market include Nidec Motor Corporation (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), and Emerson Electric Co. (U.S.). The key players in the market focus on expanding their market base in the concerned market by adopting strategies such as new product development, alliances, and acquisitions.

Get Detailed Information @
https://www.marketsandmarkets.com/PressReleases/induction-motor.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]