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. With the increasing awareness regarding environmental protection the induction motors low emission rate also contributes to the growing induction motor market

Key Players

Some of the key players in the Induction Motor market are Emerson Electric Company,Regal Beloit Corporation, ABB Ltd.,Schneider Electric SE,Marathon Electric, Kirloskar Electric Company Siemens AG, and Baldor Electric Company.

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Global Induction Motors Market – Segments

The report is segmented into three dynamics;

By End User            : Residential, Commercial, and Industrial.

By Product  : Synchronous, Direct Current and Asynchronous Motors.

By Regions  :  Asia Pacific, Americas, Europe, and the Rest-of-the-World.

Induction Motors Market – Regional Analysis

North America dominates the global induction motors market. The largest market growth attributes to the high demand and production rate of high speed motors in the region. Besides, the increased use of synchronous motors due to their variable frequency drive and high energy efficiency, and low maintenance costs, substantiate the regional market growth. Moreover, the burgeoning O&G, water treatment, chemical, and pulp & paper industry fosters the regional market’s growth.

Europe stands second in the global induction motors market. Market growth is driven by the growing pumping requirements in various manufacturing plants. Also, the presence of a well-established O&G, chemical, and water & wastewater industry boosts the regional market growth. Additionally, constant upgrades in manufacturing sectors across the region boost the growth of the market. The increasing emphasis on adopting the energy-efficient synchronous motor in the region contributes to market growth.

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The Asia Pacific region induction motors market is growing rapidly. Factors such as the boom in manufacturing industries and the increasing emphasis on adopting energy efficient induction motors in the region influence the market growth.  Furthermore, the presence of the largest mining and pulp and paper industries in the region foster the growth of the market. Moreover, the oil & gas market in the region propels the demand for synchronous motors.