Europe Induction Motor Market to Grow at 3.04% during 2025-2033, Impelled by Growing Adoption of Electric Vehicles

February 11, 2025 | Heavy Industry

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As per the latest report by IMARC Group, titled “Europe Induction Motor Market Report by Product Type (Single Phase Induction Motor, Three Phase Induction Motor), End Use Sector (Industrial, Commercial, Residential), and Country 2025-2033”, the Europe induction motor market reached a value of USD 3,580.0 Million in 2024. An induction motor is a type of AC electric motor in which the magnetic field of the stator winding is used to produce an electric current in the rotor via electromagnetic induction, which is required to produce torque. The essential elements of an induction motor are the stator and rotor. Also known as an asynchronous motor, an induction motor can also be prepared without electrical connections to the rotor. In Europe, induction motors have gained immense popularity as they consume less energy and better for the environment.

Europe Induction Motor Market Trends:

In recent years, the growing adoption of electric vehicles (EVs) in the European region due to the fluctuating prices of crude oil and increasing concerns regarding the environment represent the primary factor bolstering the market growth. Besides this, the development of Industry 4.0, coupled with the rising penetration of automated machinery across several sectors, has augmented the demand for induction motors. Furthermore, national authorities are working to accelerate digital manufacturing and lower barriers to entry. As a result, these organizations have started following the standards set by organizations such as the International Electrotechnical Commission (IEC) and the National Electrical Manufacturers Association (NEMA). Apart from this, high investments made by manufacturers in research and development (R&D) activities to produce hybrid electric vehicles have escalated the product demand in the region. Moreover, they are also focusing on technological advancements in power electronics supported by the digitalization of smart homes. Looking forward, the market value is projected to reach USD 4,755.0 Million by 2033, expanding at a CAGR of 3.04% during 2025-2033.

Market Summary:

Based on the product type, the market has been segmented into single and three phase induction motors.
On the basis of the end use sector, the market has been segregated as industrial, commercial and residential sectors.
On the geographical front, the market has been divided into Germany, France, the United Kingdom, Italy, Spain and others.
The competitive landscape of the industry has also been examined, with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product Type, End Use Sector, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
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)

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Europe Induction Motor Market to Grow at 3.04% during 2025-2033, Impelled by Growing Adoption of Electric Vehicles

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