Induction Motors Industry Key Players Studied in Report:
Baldor Electric Company, Siemens AG, Kirloskar Electric Company, Marathon Electric, Schneider Electric SE, ABB Ltd., Regal Beloit Corporation, and Emerson Electric Company.
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Global Induction Motors Market Highlights:
Significant superiority of induction motors over others is one of the primary driving factors in the induction Motors market. Rugged built, lightweight, reliable and low after sale maintenance cost are some of the factors that are pushing the demand in the Induction pump market. The global induction motors market is eyeing for a phenomenal growth at an impressive CAGR over the estimated years (2016-2027). An induction motor put merely is a highly modest electrical machine and functions on the principle of induction. Here electro-magnetic field is usually induced in the rotor when the stator’s rotating magnetic field cuts the rotor that is stationary. Induction motors are largely used in residential, commercial, transportation, agriculture and industrial settings.
With the increasing awareness regarding environmental protection the induction motors low emission rate also contributes to the growing induction motor market. There are plentiful factors that is boosting the growth of the induction motors market. These factors as per the Market Research Future (MRFR) report include increasing need for power savings in energy infrastructure, manufacturing hubs and households, growing emphasis to reduce greenhouse gas emissions, increasing government funding, burgeoning demand for electric cars, and rising urbanization.
Induction Motors Segments Analysis:
The Induction motor market has been segmented based on end users as residential, commercial and industrial. Based on product, the market has been segmented as Synchronous, direct current and asynchronous motors.
Based on end users, the induction motors market is segmented into industrial, commercial and residential.
Induction Motors Regional Market Analysis:
The regional segmentation of the global induction motors market can segment the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW).
Of these, North America will stay at the forefront in the market over the estimated years. This is owing to increasing use of induction motors in aerospace and defense, automotive companies and industrial manufacturing. Besides, the increasing use of electric cars especially in the US is also boosting market growth.
The induction motors market in Europe will have the second major share owing to high demand as well as production rate. The induction motors market in the APAC region is likely to grow at the fastest pace over the estimated years owing to the recent boom in the manufacturing sector in this region. Emerging economies in the Asia Pacific region namely Thailand, South Africa, China, India and Korea are providing huge opportunities for the worldwide manufacturers.
Table Of Contents:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL INDUCTION MOTORS MARKET, BY TYPE
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL INDUCTION MOTORS MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA INDUCTION MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE INDUCTION MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC INDUCTION MOTORS MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW INDUCTION MOTORS MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
Continued…
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