Most industrial facilities use induction motors due to their reliability and desirable characteristics such as low cost and affordability, and most industrial motors are three-phase AC induction motors.
This report contains market size and forecasts of Industrial Induction Motor in global, including the following market information:
Global Industrial Induction Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial Induction Motor Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Industrial Induction Motor companies in 2021 (%)
The global Industrial Induction Motor market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Squirrel-Cage Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Induction Motor include ABB, WEG, Toshiba, Siemens, ATB Laurence Scott, Regal Rexnord, VEM Group, Hyundai Electric and MENZEL Elektromotoren, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Industrial Induction Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Induction Motor Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Induction Motor Market Segment Percentages, by Type, 2021 (%)
Squirrel-Cage
Slip-Ring
Global Industrial Induction Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Induction Motor Market Segment Percentages, by Application, 2021 (%)
Energy
Steel
Machinery
Others
Global Industrial Induction Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial Induction Motor Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Industrial Induction Motor revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Industrial Induction Motor revenues share in global market, 2021 (%)
Key companies Industrial Induction Motor sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Industrial Induction Motor sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
WEG
Toshiba
Siemens
ATB Laurence Scott
Regal Rexnord
VEM Group
Hyundai Electric
MENZEL Elektromotoren
Wolong
Shanghai Electric
Nidec Industrial
HYOSUNG