Asia Pacific Induction Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Asia Pacific Induction Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2604
Year End sale Buy Now

Market Overview:

The Asia Pacific induction motor market size reached US$ 11.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.76% during 2023-2028. Rapid industrialization, the increasing focus on energy efficiency, the expanding infrastructure development, the thriving automotive and transportation industries, and favorable government initiatives are among the key factors driving the market growth.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2022
US$ 11.5 Billion
Market Forecast in 2028
US$ 23.4 Billion
Market Growth Rate (2023-2028) 12.76%

An induction motor refers to an alternate current (AC) electric motor extensively used in various industrial and commercial applications. It works on the principle of electromagnetic induction, where a rotating magnetic field is produced in the stator, inducing currents in the rotor. These currents generate a torque that drives the rotor, resulting in the motor's rotation. Induction motors are robust, reliable, and relatively low-cost, making them popular for tasks requiring continuous operation, such as pumps, fans, compressors, and conveyor systems. Their efficiency, ease of maintenance, and ability to handle varying loads contribute to their widespread adoption in the market.

The Asia Pacific induction motor market is primarily driven by rapid industrialization and infrastructure development across the region. With economies in the region continuing to grow, there is an increased demand for industrial machinery and equipment, where induction motors find extensive applications. In addition to this, the rising focus on sustainable practices and energy efficiency in the industrial sector is contributing to increased product adoption as induction motors offer higher efficiency and lower energy consumption compared to other motor types. Moreover, the expanding automotive and transportation industries in the region are propelling the demand for induction motors, especially in electric vehicles (EVS) and various automotive systems, thereby impelling the market growth. Furthermore, favorable government initiatives and regulations promoting the use of energy-efficient technologies are providing lucrative growth opportunities for the market.

Asia Pacific Induction Motor Market Trends/Drivers:

Rapid Industrialization and Infrastructure Development

One of the key factors propelling the Asia Pacific induction motor market is the rapid pace of industrialization and infrastructure development in the region. Besides this, emerging economies in Asia, such as China, India, and Southeast Asian countries, have been experiencing substantial economic growth, leading to increased industrial activities. The growth of manufacturing, construction, and other industries necessitates the use of electric motors, and induction motors stand out as a popular choice due to their reliable and robust characteristics, strengthening the market. Furthermore, the rising demand for pumps, fans, compressors, and other equipment in various industries boosts the adoption of induction motors, as they are well-suited to handle continuous and heavy-duty operations.

Growing Focus on Energy Efficiency and Sustainability

With escalating concerns about energy consumption and environmental impact, there has been a heightened focus on energy efficiency and sustainable practices in the industrial sector across the Asia Pacific region. Induction motors offer higher efficiency compared to other motor types, making them an attractive option for businesses aiming to reduce energy consumption and operating costs. Concurrent with this, significant advancements in motor design and manufacturing processes have further improved the efficiency of induction motors, making them an increasingly favored choice in the market. Furthermore, the implementation of favorable government regulations and incentives encouraging the adoption of energy-efficient technologies is contributing to the rising demand for induction motors.

Asia Pacific Induction Motor Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific induction motor market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product type and end use sector.

Breakup by Product Type:

  • Single Phase Induction Motor
  • Three Phase Induction Motor

The report has provided a detailed breakup and analysis of the market based on the product type. This includes single-phase and three-phase induction motors.

The demand for both single-phase and three-phase induction motors is being propelled by their widespread application due to their compatibility with the residential and small-scale commercial sectors. Moreover, the growing product utilization in household appliances, such as fans, refrigerators, and washing machines, and the expanding adoption of home automation and smart appliances are further driving the demand for single-phase induction motors. On the other hand, the surging demand for three-phase induction motors in industrial and high-power applications, where they offer advantages such as higher efficiency, smoother operation, and better control, is aiding in market expansion. Furthermore, industries such as manufacturing, oil and gas, mining, and water treatment heavily rely on three-phase induction motors for their heavy-duty machinery and equipment, creating a positive outlook for market expansion.

Breakup by End Use Sector:

  • Industrial
  • Commercial
  • Residential

Industrial sector accounts for the majority of the market share

A detailed breakup and analysis of the market based on the end use sector has also been provided in the report. This includes industrial, residential, and commercial sectors. According to the report, the industrial segment accounted for the largest market share.

The demand for induction motors in the industrial sector is primarily propelled by several factors that cater to the specific needs of industrial applications. One of the key drivers is the versatility and adaptability of induction motors, which can handle a wide range of industrial processes. These motors offer reliable performance, durability, and ease of maintenance, making them suitable for continuous and heavy-duty operations in various industries. Besides this, the focus on energy efficiency and sustainability in the industrial sector has led to higher adoption of induction motors, as they offer improved efficiency compared to other motor types, strengthening the market growth. Moreover, the ability of induction motors to handle varying loads and provide consistent torque at different speeds makes them ideal for industrial automation and process control systems, contributing to their growing demand. Furthermore, advancements in motor design, such as the use of premium materials and innovative manufacturing techniques, have further enhanced the efficiency and performance of induction motors, making them a preferred choice for industries seeking long-term cost savings and environmental benefits.

Breakup by Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

China holds the largest share of the market

The report has also provided a comprehensive analysis of all the major regional markets, which include China, Japan, India, South Korea, Australia, Indonesia, and others. According to the report, China accounted for the largest market share.

The demand for induction motors in China is driven by the continuous expansion of the country's manufacturing sector, which includes electronics, automotive, and consumer goods industries, creating a substantial demand for electric motors. Moreover, the Chinese government's focus on energy efficiency and environmental sustainability has resulted in policies and incentives favoring the adoption of energy-efficient technologies, boosting the demand for induction motors known for their higher efficiency. Concurrently, the rapid development of infrastructure and urbanization in the country has led to increased demand for residential and commercial applications, including air conditioning units, fans, and pumps, where single-phase induction motors find extensive use. Furthermore, the growth of electric vehicle production in China drives the demand for three-phase induction motors used in EV drivetrains and auxiliary systems, contributing to the market growth.

Competitive Landscape:

The competitive landscape of the Asia Pacific induction motor market is characterized by intense competition among various players, including both established manufacturers and emerging regional companies. Key market players typically focus on product differentiation, continuous innovation, and expanding their distribution networks to gain a competitive edge. Established global companies often dominate the market due to their extensive experience, brand reputation, and strong financial capabilities, allowing them to invest in research and development and offer a diverse portfolio of high-quality induction motors. However, regional players are also gaining prominence by catering to specific local demands, offering competitive pricing, and providing customized solutions for niche industries. Additionally, collaborations and partnerships with technology providers and system integrators are common strategies to enhance product offerings and expand market reach.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided.

Asia Pacific Induction Motor Market Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product Type
  • End Use Sector
  • Country
Product Types Covered Single-Phase Induction Motors, Three-Phase Induction Motors
End Use Sectors Covered Industrial, Residential, Commercial
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the Asia Pacific induction motor market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the Asia Pacific induction motor market?
  • What is the impact of each driver, restraint, and opportunity on the Asia Pacific induction motor market?
  • What is the breakup of the market based on the product type?
  • Which is the most attractive product type in the Asia Pacific induction motor market?
  • What is the breakup of the market based on the end use sector?
  • Which is the most attractive end use sector in the Asia Pacific induction motor market?
  • What is the competitive structure of the Asia Pacific induction motor market?
  • Who are the key players/companies in the Asia Pacific induction motor market?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Asia Pacific induction motor market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the Asia Pacific induction motor market.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Asia Pacific induction motor industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Asia Pacific Induction Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More