COVID-19 impact on the Induction Motor Market

1
MarketsandMarkets Presents

COVID-19 impact on the Induction Motor
Market Induction Motor Market by Type (Single
Phase, Three Phase), Application (Residential,
Industrial, Commercial), Geography (North
America, Europe, Asia-Pacific, Row) - Analysis
and Forecasts to 2019 https//www.marketsandmarke
ts.com/Market-Reports/induction-motor-market-25916
5381.html
2
The global induction motor market is expected to
register a CAGR of 12.4 from 2014 to 2019. The
Asia-Pacific region is expected to dominate the
market, growing at a CAGR of 12.9 during the
forecast period. Factors driving the induction
motor market include economical cost and low
maintenance of the induction motors. Induction
motors are economical and maintenance free due to
the absence of brushes, commutators, and slip
rings. Browse 40 market data tables and 39
figures spread through 67 pages and in-depth TOC
on Induction Motor Market - Analysis and
Forecasts to 2019"
3
Induction motors are simple and rugged in
construction. They are used in most of the
industries. The advantages of induction motors
include their robustness and ability to operate
in any environmental condition. DC motors which
were earlier used for industrial applications
have now been replaced by induction motors. Ask
PDF Brochure https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id259165381 Induction motors,
based on their construction, are of two types
single phase induction motors and three phase
induction motors. Three phase induction motors
are widely used in motor and drive applications.
The three phase induction motors are estimated to
grow at a double-digit CAGR from 2014 to 2019.
They are used in lathes, drilling machines,
agricultural and industrial pumps, lifts, cranes,
and so on. The three phase induction motors are
further divided into squirrel cage induction
motors and slip ring induction motors in this
report.
4
Induction motors are the most common electrical
motors used in most applications. Most of the
machines in industries use induction motors. They
are widely preferred by various industries due to
their robustness and ability to operate in any
environmental condition. An induction motor works
on the principle of induction where an
electro-magnetic field (EMF) is induced in rotor
conductors when the rotating magnetic field of
stator cuts the stationary rotor conductors. DC
motors which were earlier used for industrial
applications have now been replaced by induction
motors. Based on input supply, the two type of
induction motors are single phase induction
motors and three phase induction motors. The
three phase induction motors are more widely
accepted and are used in numerous
applications. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id259165381 This report analyzes
and segments the global induction motor market by
type of induction motors, their application, and
geography covered. The type segmentation includes
single phase and three phase induction motors.
The three phase market, with a major share of
nearly 70 in the global market, is estimated to
grow at a double-digit CAGR during the forecast
period from 2014 to 2019. On the basis of
application, the market is segmented into
residential, industrial, and commercial. The
market, in terms of geography, has been
classified into regions such as North America,
Europe, Asia-Pacific, and Rest of the World (RoW).
5
Factors such as economical cost and low
maintenance cost are driving the growth of the
induction motor market. The major players
offering various products in the market include
Nidec Motor Corporation (U.S.), ABB Ltd.
(Switzerland), Siemens AG (Germany), WEG Electric
Corp. (Brazil), and Emerson Electric Co. (U.S.).
The key players in the market focus on expanding
their market base in the concerned market by
adopting strategies such as new product
development, alliances, and acquisitions. Scope
of the report This report categorizes the global
market for induction motor on the basis of type
of induction motor, application, and
geography. Market segmentation, by type The
induction motor market, on the basis of type, has
been segmented into single phase induction motor
and three phase induction motor. Market
segmentation, by application The induction motor
market, on the basis of application, has been
segmented into residential, industrial, and
commercial. Market segmentation, by
geography The geographic analysis covers North
America, Europe, Asia-Pacific, and Rest of the
World (RoW).
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/induction-motor.asp