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
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 DC motors which were earlier used for industrial applications have now been replaced by induction motors.
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.
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.
This report profiles major companies involved in the global induction motor market such as Nidec Motor Corporation (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), and Emerson Electric Co. (U.S.).
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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).
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.
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).
The global induction motor market is expected to reach a value of $15,810.3 Million by 2019, at a CAGR of 12.4% during the forecast period. The application segment, led by the industrial sector in 2014, had a share of more than 50%. It is projected to reach a value of $7,604.9 Million by 2019 at a CAGR of 11.2%. The residential application market is estimated to grow at the highest CAGR of 15.2% from 2014 to 2019. In terms of region, North America is the major market for induction motors.
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.
Table of Contents
1 Introduction (Page No. - 9)
1.1 Objectives of the Study
1.2 Market Segmentation & Coverage
1.3 Stakeholders
2 Research Methodology (Page No. - 11)
2.1 Integrated Ecosystem of the Market
2.2 Arriving at the Market Size
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.2.3 Demand-Side Approach
2.3 Assumptions
3 Executive Summary (Page No. - 16)
4 Market Overview (Page No. - 17)
4.1 Introduction
4.2 Market Drivers and Inhibitors
4.3 Key Market Dynamics
5 Induction Motor Market, By Application (Page No. - 21)
5.1 Introduction
5.2 Residential
5.3 Industrial
5.4 Commercial
6 Induction Motor Market, By Type (Page No. - 28)
6.1 Introduction
6.2 Single Phase Induction Motor
6.3 Three Phase Induction Motor
7 Induction Motor Market, By Geography (Page No. - 33)
7.1 Introduction
7.2 North America
7.2.1 By Application
7.2.2 By Type
7.3 Europe
7.3.1 By Application
7.3.2 By Type
7.4 Asia-Pacific
7.4.1 By Application
7.4.2 By Type
7.5 RoW
7.5.1 By Application
7.5.2 By Type
8 Competitive Landscape (Page No. - 47)
8.1 Company Ranking
8.2 Company Presence in Market, By Type
8.3 New Product Developments
8.4 Mergers & Acquisitions
8.5 Agreements and Expansions
9 Company Profiles (Page No. - 50)
(Overview, Financials, Products & Services, Strategy, and Developments)*
9.1 Nidec Motor Corporation
9.2 ABB Ltd.
9.3 Siemens AG
9.4 WEG Electric Corp.
9.5 Emerson Electric Co.
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
10 Appendix (Page No. - 63)
10.1 Customization Options
10.1.1 Product Portfolio Analysis
10.1.2 Country-Level Data Analysis
10.1.3 Product Comparison of Various Competitors
10.1.4 Trade Analysis
10.2 Introducing RT: Real Time Market Intelligence
10.3 Related Reports
List of Tables (40 Tables)
Table 1 Induction Motor Market: Assumptions
Table 2 Market: Drivers and Inhibitors
Table 3 Market, By Application, 2013 - 2019 ($Million)
Table 4 Market, By Type, 2013 - 2019 ($Million)
Table 5 Market, By Application, 2013 - 2019 ($Million)
Table 6 Market, By Application, 2013 - 2019 ($Million)
Table 7 Market in Industrial, By Application,2013 - 2019 ($Million)
Table 8 Market in Industrial, By Application,2013 - 2019 ($Million)
Table 9 Market in Residential, By Geography,2013 - 2019 ($Million)
Table 10 Market in Industrial, By Geography,2013 - 2019 ($Million)
Table 11 Market in Commercial, By Geography,2013 - 2019 ($Million)
Table 12 Market, By Type, 2013 - 2019 ($Million)
Table 13 Three Phase Induction Motor Market, By Type, 2013 - 2019 ($Million)
Table 14 Single Phase Market, By Geography,2013–2019 ($Million)
Table 15 Three Phase Market, By Geography,2013 - 2019 ($Million)
Table 16 Market: Growth Analysis, By Geography, 2013 - 2019 ($Million)
Table 17 North America Induction Motor Market, By Application,2013 - 2019 ($Million)
Table 18 North America Induction Motor, By Type, 2013 - 2019 ($Million)
Table 19 Europe Induction Motor Market, By Application, 2013 - 2019 ($Million)
Table 20 Europe Induction Motor, By Type, 2013 - 2019 ($Million)
Table 21 Asia-Pacific Induction Motor Market, By Application,2013 - 2019 ($Million)
Table 22 Asia-Pacific Induction Motor, By Type, 2013 - 2019 ($Million)
Table 23 RoW Market, By Application, 2013-2019 ($Million)
Table 24 RoW Induction Motor, By Type, 2013 - 2019 ($Million)
Table 25 Market: Company Ranking, 2014
Table 26 Market: New Product Developments
Table 27 Market: Mergers & Acquisitions
Table 28 Market: Agreements and Expansions
Table 29 Nidec Corporation Key Financials, 2009 - 2013 ($Million)
Table 30 Nidec Corporation Financial: Geographic Segment, 2009 - 2013 ($Million)
Table 31 Nidec Corporation Financials: Business Segment, 2009 - 2013 ($Million)
Table 32 ABB Ltd.: Market Revenue By Geography, 2009-2013 ($Million)
Table 33 ABB Ltd.: Annual Revenue, By Business Segments, 2009–2013 ($Million)
Table 34 ABB Ltd.: Ebit and Net Income, 2009–2013 ($Million)
Table 35 Siemens: Annual Revenue, By, 2010–2014 ($ MN)
Table 36 WEG: Annual Revenue, By Business Segment, 2010–2014 ($ MN)
Table 37 WEG: Key Operating Data, 2010–2014 ($ MN)
Table 38 Emerson Electric, Inc.: Key Financials, 2010 - 2014 ($Million)
Table 39 Emerson Electric, Inc.: Key Financials, By Segment,2010 - 2014 ($Million)
Table 40 Emerson Electric, Inc.: Key Financials, By Geography,2010 - 2014 ($Million)
List of Figures (39 Figures)
Figure 1 Global Market: Segmentation & Coverage
Figure 2 Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand-Side Approach
Figure 7 Market Snapshot, 2014
Figure 8 Market: Growth Pockets
Figure 9 Market, By Application, 2014 & 2019
Figure 10 Induction Motor Types, By Geography, 2014 ($Million)
Figure 11 Market, By Application, 2013 - 2019 ($Million)
Figure 12 Market, By Application, 2014 & 2019 ($Million)
Figure 13 Market in Industrial, By Application, 2014 & 2019 ($Million)
Figure 14 Market in Commercial, By Application, 2014 & 2019 ($Million)
Figure 15 Market in Residential, By Geography, 2014 & 2019 ($Million)
Figure 16 Market in Industrial, By Geography, 2014 & 2019 ($Million)
Figure 17 Market in Commercial, By Geography, 2014 & 2019 ($Million)
Figure 18 Market, By Type, 2014 & 2019 ($Million)
Figure 19 Three Phase Induction Motor Market, By Type, 2014 & 2019 ($Million)
Figure 20 Single Phase Market, By Geography, 2014 & 2019 ($Million)
Figure 21 Three Phase Market, By Geography, 2014 & 2019 ($Million)
Figure 22 Market: Growth Analysis, By Geography, 2014 & 2019 ($Million)
Figure 23 North America Induction Motor Market Overview, 2014 & 2019 (%)
Figure 24 North America Market, By Application, 2014 & 2019 ($Million)
Figure 25 North America Market: Application Snapshot
Figure 26 North America Market, By Type, 2014 & 2019 ($Million)
Figure 27 Europe Induction Motor Market, Overview, 2014 & 2019 (%)
Figure 28 Europe Market, By Application, 2014 & 2019 ($Million)
Figure 29 Europe Market: Application Snapshot
Figure 30 Europe Market, By Type, 2014 & 2019 ($Million)
Figure 31 Asia-Pacific Induction Motor Market, Overview, 2014 & 2019 (%)
Figure 32 Asia-Pacific Market, By Application, 2014 & 2019 ($Million)
Figure 33 Asia-Pacific Market: Application Snapshot
Figure 34 Asia-Pacific Market, By Type, 2014 & 2019 ($Million)
Figure 35 RoW Induction Motor Market Overview, 2014 & 2019 (%)
Figure 36 RoW Market, By Application, 2014 & 2019 ($Million)
Figure 37 RoW Market: Application Snapshot
Figure 38 RoW Market, By Type, 2014 & 2019 ($Million)
Figure 39 Induction Motor: Company Product Coverage, By Type, 2014
Growth opportunities and latent adjacency in Induction Motor Market
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