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

Induction Motor Industry Insights 2026:

Global Induction Motor Market forecast will surpass $31,627.5 million by 2026, rising from $12,676.0 million in 2018, at a CAGR of 12.1%. On the basis of region, the Asia-Pacific region held the largest market value accounting for $3,802.8 million. North America region is expected to boost the global Induction Motor Market accounting for $9,259.7 million by 2026.

Induction motor are most commonly used as AC electric motor. The rotor produces electric current to create torque which is obtained by electromagnetic induction by rotating the magnetic field by stator winding. induction motor 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 helping 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. Basically, the induction motor is a 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 motor market.Induction motor are robust in nature and can be operated in any climatic conditions. 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 motoris cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the projected period.

Market Restraint: 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.Induction motor acquire very less amount of current from 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.

The three-phase segment is anticipated to dominate the induction motor market by 2026 accounting for $14,938.6 million growing at a CAGR of 12.5% during the forecast period. The three-phase induction motor are self-starting and don’t require any capacitor or start winding or any centrifugal force for starting the motor. The three-phase induction motor 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

The residential segment held the largest market value in 2018 accounting for $4,056.3 million and is anticipated to reach $11,784.1 million by 2026, growing at a CAGR of 11.8% during the forecast period.Industrial segment is expected to hold the largest market value during the forecasted timeframe, accounting for $10,826.4 million by 2026, growing at a CAGR of 13.1% during the forecast period. Theindustrial application mostly uses three phase induction motor for its economic reason and reliability. The motor is used in industrial application for very high inertia load, where it is necessary to generate maximum torque at a very low swift and accelerate to full speed with minimal current.

Asia-Pacific induction motor industry held the largest market valuein the year 2018 accounting for $3,549.3 million and is further anticipated to grow at a CAGR of 12.7% during the forecast period. On the other hand, the North America market is anticipated to experience a swift growth over the forecast period, and is projected to reach $9,259.7 million and growing at a CAGR of 12.7%, the growth is majorly due to the growing adoption of residential application across the region.

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Induction motor market players include 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.Acquisitions and product development are the key strategies that are being opted by the key industry participants to continue their market position in the regional and global markets.The induction motor key players are prominentlyfocusingon technologicaldevelopments, mergers and acquisitions,new product launches, and geographical expansion. These are some of the growth strategies adopted by these companies.In May 2017, Johnson Electrics announced about the launch of new production line in order to serve the industrial line in Argentina.

Porter’s Five Forces Analysis for Induction Motor Market:

1.Bargaining Power of Suppliers: There are many key players in induction motor market, and thus the bargaining power of suppliers is high.

The bargaining power of suppliers is High.

2.Bargaining Power of Consumers:In this market, the number of consumers is high. 

The bargaining power of consumers is High.

3.Threat of New Entrants: The threat for new entrants is medium:

There exists a lack of geographical presence of key players in developing countries

There is Moderate initial investment to start an IGBT-based semiconductor company 

The threat of new entrants is Medium.

4.Threat of Substitutes:There are no substitutes for induction motor, and thus the threat of substitutes is low.

The threat of substitutes is Low.

5.Competitive Rivalry in the Industry:any of the key players are following similar strategies for the improvement of technologies.This market contains manymarket participants. M

The competitive rivalry in the industry is high.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Type trends
2.3.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Application landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Induction Motor Market, by Type

4.1.Single Phase

4.1.1.Market size and forecast, by region, 2019-2026
4.1.2.Comparative market share analysis, 2018 &2026

4.2.Three Phase

4.2.1.Market size and forecast, by region, 2019-2026
4.2.2.Comparative market share analysis, 2018 &2026

5.Induction Motor Market, by Application

5.1.Residential

5.1.1.Market size and forecast, by region, 2019-2026
5.1.2.Comparative market share analysis, 2018 &2026

5.2.Commercial

5.2.1.Market size and forecast, by region, 2019-2026
5.2.2.Comparative market share analysis, 2018 &2026

5.3.Industrial

5.3.1.Market size and forecast, by region, 2019-2026
5.3.2.Comparative market share analysis, 2018 &2026

6.Induction Motor Market, by Region

6.1.North America
6.2.Market size and forecast, by Type, 2019-2026
6.3.Market size and forecast, by Application, 2019-2026
6.4.Market size and forecast, by country, 2019-2026
6.5.Comparative market share analysis, 2018 &2026

6.5.1.U.S.

6.5.1.1.Market size and forecast, by Type, 2019-2026
6.5.1.2.Market size and forecast, by Application, 2019-2026
6.5.1.3.Comparative market share analysis, 2018 &2026

6.5.2.Canada

6.5.2.1.Market size and forecast, by Type, 2019-2026
6.5.2.2.Market size and forecast, by Application, 2019-2026
6.5.2.3.Comparative market share analysis, 2018 &2026

6.5.3.Mexico

6.5.3.1.Market size and forecast, by Type, 2019-2026
6.5.3.2.Market size and forecast, by Application, 2019-2026
6.5.3.3.Comparative market share analysis, 2018 &2026

6.6.Europe

6.6.1.Market size and forecast, by Type, 2019-2026
6.6.2.Market size and forecast, by Application, 2019-2026
6.6.3.Market size and forecast, by country, 2019-2026
6.6.4.Comparative market share analysis, 2018 &2026
6.6.5.UK

6.6.5.1.Market size and forecast, by Type, 2019-2026
6.6.5.2.Market size and forecast, by Application, 2019-2026
6.6.5.3.Comparative market share analysis, 2018 &2026

6.6.6.Germany

6.6.6.1.Market size and forecast, by Type, 2019-2026
6.6.6.2.Market size and forecast, by Application, 2019-2026
6.6.6.3.Comparative market share analysis, 2018 &2026

6.6.7.France

6.6.7.1.Market size and forecast, by Type, 2019-2026
6.6.7.2.Market size and forecast, by Application, 2019-2026
6.6.7.3.Comparative market share analysis, 2018 &2026

6.6.8.Spain

6.6.8.1.Market size and forecast, by Type, 2019-2026
6.6.8.2.Market size and forecast, by Application, 2019-2026
6.6.8.3.Comparative market share analysis, 2018 &2026

6.6.9.Italy

6.6.9.1.Market size and forecast, by Type, 2019-2026
6.6.9.2.Market size and forecast, by Application, 2019-2026
6.6.9.3.Comparative market share analysis, 2018 &2026

6.6.10.Rest of Europe

6.6.10.1.Market size and forecast, by Type, 2019-2026
6.6.10.2.Market size and forecast, by Application, 2019-2026
6.6.10.3.Comparative market share analysis, 2018 &2026

6.7.Asia-Pacific

6.7.1.Market size and forecast, by Type, 2019-2026
6.7.2.Market size and forecast, by Application, 2019-2026
6.7.3.Market size and forecast, by country, 2019-2026
6.7.4.Comparative market share analysis, 2018 &2026
6.7.5.China

6.7.5.1.Market size and forecast, by Type, 2019-2026
6.7.5.2.Market size and forecast, by Application, 2019-2026
6.7.5.3.Comparative market share analysis, 2018 &2026

6.7.6.Japan

6.7.6.1.Market size and forecast, by Type, 2019-2026
6.7.6.2.Market size and forecast, by Application, 2019-2026
6.7.6.3.Comparative market share analysis, 2018 &2026

6.7.7.India

6.7.7.1.Market size and forecast, by Type, 2019-2026
6.7.7.2.Market size and forecast, by Application, 2019-2026
6.7.7.3.Comparative market share analysis, 2018 &2026

6.7.8.Australia

6.7.8.1.Market size and forecast, by Type, 2019-2026
6.7.8.2.Market size and forecast, by Application, 2019-2026
6.7.8.3.Comparative market share analysis, 2018 &2026

6.7.9.South Korea

6.7.9.1.Market size and forecast, by Type, 2019-2026
6.7.9.2.Market size and forecast, by Application, 2019-2026
6.7.9.3.Comparative market share analysis, 2018 &2026

6.7.10.Rest of Asia-Pacific

6.7.10.1.Market size and forecast, by Type, 2019-2026
6.7.10.2.Market size and forecast, by Application, 2019-2026
6.7.10.3.Comparative market share analysis, 2018 &2026

6.8.LAMEA

6.8.1.Market size and forecast, by Type, 2019-2026
6.8.2.Market size and forecast, by Application, 2019-2026
6.8.3.Market size and forecast, by country, 2019-2026
6.8.4.Comparative market share analysis, 2018 &2026
6.8.5.Latin America

6.8.5.1.Market size and forecast, by Type, 2019-2026
6.8.5.2.Market size and forecast, by Application, 2019-2026
6.8.5.3.Comparative market share analysis, 2018 &2026

6.8.6.Middle East

6.8.6.1.Market size and forecast, by Type, 2019-2026
6.8.6.2.Market size and forecast, by Application, 2019-2026
6.8.6.3.Comparative market share analysis, 2018 &2026

6.8.7.Africa

6.8.7.1.Market size and forecast, by Type, 2019-2026
6.8.7.2.Market size and forecast, by Application, 2019-2026
6.8.7.3.Comparative market share analysis, 2018 &2026

7.Company profiles

7.1.Baldor Electric Company

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Type portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.Siemens AG

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Type portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3.Schneider Electric SE

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Type portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.Emerson Electric Company

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Type portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.ABB Ltd.

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Type portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6. Regal Beloit Corporation

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Type portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.Kirloskar Electric Company

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Type portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.Marathon Electric

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Type portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.Emerson Electric Company

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Type portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

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