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The India induction motor market is currently witnessing strong growth. An induction motor, also known as an asynchronous motor, is a type of AC electric motor that uses the stator winding’s magnetic field to produce an electric current in rotors. Induction motors are usually of two types, namely single-phase and three-phase. The single-phase induction motor is not self-starting, whereas the three-phase induction motors are self-starting and are the most widely used type of induction motors.
The India induction motor market is primarily driven by the rising demand for consumer electronics, such as air conditioners, washing machines, dishwashers and hair dryers. Furthermore, induction motors offer various advantages, including the ease of operation in different environmental conditions, high starting torque, speed variation, and durability. These favorable characteristics, in turn, are bolstering the growth of the market. Moreover, government initiatives, like “Make in India,” are encouraging manufacturers to adopt automation across various industries and focus on improving the mechanisms of industrial equipment. The Government has also implemented stringent policies to reduce carbon footprints, which have increased the sales of induction motors as they represent a better alternative and consume significantly lesser energy compared to conventional motors. As a result of these factors, the market is expected to exhibit moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the India 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.
Breakup by Product Type:
Breakup by End Use Sector:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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