An induction motor or asynchronous motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding.
This report contains market size and forecasts of Asynchronous Induction Motor in global, including the following market information:
Global Asynchronous Induction Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Asynchronous Induction Motor Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Asynchronous Induction Motor companies in 2021 (%)
The global Asynchronous Induction Motor market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Single Phase Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Asynchronous Induction Motor include Emerson Electric, Schneider Electric, Siemens, ABB, Marathon Electric, Nidec Motor Corporation, WEG Electric Corp, Kirloskar Electric Company and Regal Beloit Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Asynchronous Induction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Asynchronous Induction Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Asynchronous Induction Motor Market Segment Percentages, by Type, 2021 (%)
Single Phase
Three Phase
Global Asynchronous Induction Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Asynchronous Induction Motor Market Segment Percentages, by Application, 2021 (%)
Chemicals & Petrochemicals
Oil & Gas
Metals and Mining
Pulp & Paper
Food and Beverage
Automotive and Transportation
Others
Global Asynchronous Induction Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Asynchronous Induction Motor Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Asynchronous Induction Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Asynchronous Induction Motor revenues share in global market, 2021 (%)
Key companies Asynchronous Induction Motor sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Asynchronous Induction Motor sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Emerson Electric
Schneider Electric
Siemens
ABB
Marathon Electric
Nidec Motor Corporation
WEG Electric Corp
Kirloskar Electric Company
Regal Beloit Corporation
Baldor Electric Company
STMicroelectronics
NXP Semiconductors
General Electric
Toshiba
Bosch
Hitachi