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The Asia Pacific induction motor market is currently witnessing strong growth. An induction motor refers to an AC electric motor that uses the magnetic field of the stator winding to produce an electrical current in the rotor. It is also known as an asynchronous motor and provides torque via electromagnetic induction. The induction motor can be prepared without electrical connections to the rotor. In recent years, induction motors have gained immense traction as they offer various advantages, which include ease of operation in different environmental conditions, high starting torque, speed variation, and durability.
The Asia Pacific induction motor market is primarily driven by the rising demand for consumer electronics such as air conditioners, washing machines, dishwashers and hair dryers. The market is further propelled by the unique robustness of the induction motor, which makes it a suitable choice for the manufacturing and automotive industries. Its ability to work under varying climatic conditions is another major factor that is driving its demand. Moreover, with induction motors consuming significantly lesser energy compared to conventional engines, they represent a better alternative for the environment. As a result, with the growing environmental concerns, there has been an escalated demand for electric vehicles, which, in turn, is driving the market growth. On account of these factors, the market is expected to continue its strong growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific induction motor market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, product type and end use sector.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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