Induction Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1999




The global induction motor market was worth US$ 12.7 Billion in 2017. Induction motor, also known as, asynchronous motor, is an AC electric motor which can be made without any electronic connections to the rotor. Used in a majority of machinery today, the motor is more powerful and environment-friendly in comparison to the conventional motors currently available in the market. The unique robustness of the induction motor makes it a suitable choice for the automotive and manufacturing industry. Its ability to work under varying climatic conditions is another major factor that is driving its demand.

The motor is absolutely safe to be used in heavily polluted and explosive work conditions. With high durability, it can be used for years without worrying for maintenance. It has applications in pumps, small fans, electric shavers, cranes, crushers, textile industry, oil extracting mills, etc. Another major factor driving the demand of induction motors is their environment friendly nature. A major trend influencing the market is the rising focus on the reduction of emission of greenhouse gases and the rising demand of products that consumer less energy. With induction motors consuming significantly lesser energy compared to conventional motors, they represent a better alternative for the environment. Affordability, durability, easy-functioning and easy maintenance are some of the other major factors that are also driving the demand of induction motors. Looking forward, the market value is projected to reach US$ 22.7 Billion by 2023, expanding at a CAGR of 10.2% during 2018-2023.

Market Summary:

  • Based on the product type, the market has been segmented as single phase induction motor and three phase induction motor.
  • Based on the end use, the market has been segmented into industrial, commercial and residential. The industrial sector currently represents the largest segment.
  • Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market.
  • The competitive landscape of the market has also been examined with some of the key players being ABB, Ametek, Emerson Electric, Siemens, WEG, Baldor Electric, Brook Crompton, Danaher Corporation, Johnson Electric Holdings and Regal Beloit.


This report provides a deep insight into the global induction motor market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the induction motor market in any manner.

Key Questions Answered in This Report:

  • How has the global induction motor market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global induction motor industry?
  • What are the key product types in the global induction motor industry?
  • What are the key end-use sectors in the global induction motor industry?
  • What are the price trends of induction motors?
  • What are the various stages in the value chain of the global induction motor market?
  • What are the key driving factors and challenges in the global induction motor market?
  • What is the structure of the global induction motor market and who are the key players?
  • What is the degree of competition in the global induction motor market?
  • How are induction motors manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Induction Motor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product Type
    5.4    Market Breakup by End-Use Sector
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
    5.10    Price Analysis
        5.10.1    Price Indicators
        5.10.2    Price Structure
        5.10.3    Margin Analysis
6    Market Breakup by Product Type
    6.1    Single Phase Induction Motor
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Three Phase Induction Motor
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by End-Use Sector
    7.1    Industrial 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Commercial 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Residential 
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Region
    8.1    Asia Pacific
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    North America
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Europe
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Induction Motor Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    ABB
        10.3.2    Ametek
        10.3.3    Emerson Electric
        10.3.4    Siemens
        10.3.5    WEG
        10.3.6    Baldor Electric
        10.3.7    Brook Crompton
        10.3.8    Danaher Corporation
        10.3.9    Johnson Electric Holdings
        10.3.10    Regal Beloit


List of Figures

Figure 1: Global: Induction Motor Market: Major Drivers and Challenges
Figure 2: Global: Induction Motor Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Induction Motor Market: Breakup by Product Type (in %), 2017
Figure 4: Global: Induction Motor Market: Breakup by End-Use Sector (in %), 2017
Figure 5: Global: Induction Motor Market: Breakup by Region (in %), 2017
Figure 6: Global: Induction Motor Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 7: Global: Induction Motor Industry: SWOT Analysis
Figure 8: Global: Induction Motor Industry: Value Chain Analysis
Figure 9: Global: Induction Motor Industry: Porter’s Five Forces Analysis
Figure 10: Global: Induction Motor (Single Phase) Market: Sales Value (in Million US$), 2010 & 2017
Figure 11: Global: Induction Motor (Single Phase) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 12: Global: Induction Motor (Three Phase) Market: Sales Value (in Million US$), 2010 & 2017
Figure 13: Global: Induction Motor (Three Phase) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 14: Global: Induction Motor (Industrial) Market: Sales Value (in Million US$), 2010 & 2017
Figure 15: Global: Induction Motor (Industrial) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 16: Global: Induction Motor (Commercial) Market: Sales Value (in Million US$), 2010 & 2017
Figure 17: Global: Induction Motor (Commercial) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 18: Global: Induction Motor (Residential) Market: Sales Value (in Million US$), 2010 & 2017
Figure 19: Global: Induction Motor (Residential) Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 20: Asia Pacific: Induction Motor Market: Sales Value (in Million US$), 2010 & 2017
Figure 21: Asia Pacific: Induction Motor Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 22: North America: Induction Motor Market: Sales Value (in Million US$), 2010 & 2017
Figure 23: North America: Induction Motor Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 24: Europe: Induction Motor Market: Sales Value (in Million US$), 2010 & 2017
Figure 25: Europe: Induction Motor Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 26: Middle East and Africa: Induction Motor Market: Sales Value (in Million US$), 2010 & 2017
Figure 27: Middle East and Africa: Induction Motor Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 28: Latin America: Induction Motor Market: Sales Value (in Million US$), 2010 & 2017
Figure 29: Latin America: Induction Motor Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 30: Induction Motor Manufacturing: Process Flow


List of Tables

Table 1: Global: Induction Motor Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Induction Motor Market Forecast: Breakup by Product Type (in Million US$), 2018-2023
Table 3: Global: Induction Motor Market Forecast: Breakup by End-Use Sector (in Million US$), 2018-2023
Table 4: Global: Induction Motor Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 5: Induction Motor: Raw Material Requirements
Table 6: Global: Induction Motor Market Structure
Table 7: Global: Induction Motor Market: Key Players


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