Induction Motor Market - Forecast(2022 - 2027)

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Induction Motor Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• Induction Motor Market Size is forecast to reach
  54.2 billion by 2026, at a CAGR of 6.5 during
  2021-2026.
• An induction motor is an AC electric motor in
  which torque is produced by the reaction between
  a varying magnetic field generated in the stator
  and the current induced in the coils of the
  rotor.
• It is used in a majority of machinery, as it is
  more powerful and eco-friendly compared to the
  conventional motors in the market.

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• Key Takeaways
• The rising demand for efficient energy usage over
  concerns of environmental impact of energy
  generation from conventional sources such as coal
  and natural gas, is expected to help grow the
  Induction Motor market in APAC.
• The inner rotor segment is growing at a
  significant CAGR rate of 7.1 in the forecast
  period. In inner rotor type motors, rotors are
  positioned at the centre and surrounded by stator
  winding. 
• Automotive sector is expected to witness a
  highest CAGR of 8.9 the forecast period.

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Induction Motor Market Segment Analysis - By
Rotor Type Three Phase segment is growing at a
significant CAGR of 11.1 in the forecast period.
A three phase induction motor is a type of AC
induction motors which operates on three phase
supply. These three phase induction motors are
widely used AC motor to produce mechanical power
in industrial applications. Almost 70 of the
machinery in industrial applications uses
three-phase induction motors, as they are
cost-effective, robust, maintenance-free, and can
operate in any environmental condition. Moreover,
induction motors are the most used in industry
since they are rugged, inexpensive, and are
maintenance free.
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• Induction Motor Market Outlook
• ABB Ltd.
• AMETEK, Inc.,
• Johnson Electric Holdings Limited,
• Siemens AG, Rockwell Automation,
• Toshiba Corp.,
• Hitachi Ltd.,
• Nidec Corporation,
• ARC Systems Inc.

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Induction Motor Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/154
17/induction-motor-market.html
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