Global Asynchronous Motor Market Growth 2023-2029

Global Asynchronous Motor Market Growth 2023-2029

Asynchronous motor, also called induction motor, is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. Asynchronous motor therefore does not require mechanical commutation, separate-excitation or self-excitation for all or part of the energy transferred from stator to rotor. Asynchronous motor's rotor can be either wound type or squirrel-cage type.

Three-phase squirrel-cage asynchronous motors are widely used in industrial drives because they are rugged, reliable and economical. Single-phase asynchronous motors are used extensively for smaller loads, such as household appliances like fans.
LPI (LP Information)' newest research report, the “Asynchronous Motor Industry Forecast” looks at past sales and reviews total world Asynchronous Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected Asynchronous Motor sales for 2023 through 2029. With Asynchronous Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Asynchronous Motor industry.
This Insight Report provides a comprehensive analysis of the global Asynchronous Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Asynchronous Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Asynchronous Motor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Asynchronous Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Asynchronous Motor.
The global Asynchronous Motor market size is projected to grow from US$ 10700 million in 2022 to US$ 18450 million in 2029; it is expected to grow at a CAGR of 18450 from 2023 to 2029.
The major players in global Asynchronous Motor market include TECO, Emerson, Regal-Beloit, etc., and the market concentration rate is low. North America and Europe are main markets, they occupy over 50% of the global market. Three-phase asynchronous motor is the main type, with a share about 80%. Engineering And Manufacturing Industry and Logistics Industry are main applications, which hold a share about 60%.
This report presents a comprehensive overview, market shares, and growth opportunities of Asynchronous Motor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-phase asynchronous motor
Three-phase asynchronous motor
Segmentation by application
Chemical Industry
Logistics Industry
Engineering And Manufacturing Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Emerson
GE
TECO
Regal-Beloit
Nidec
Siemens
Tatung
Hitachi
WEG
Bosch Rexroth
SEW-Eurodrive
Cummins
YASKAWA
Toshiba
VEM
NORD
Landert
ABM Greiffenberger
SPG
Brook Crompton
Sterling Electric
Wolong
XEMC
JLEM
Huali Group
Jiangte
WNM
Ydmotor
Dazhong
Key Questions Addressed in this Report
What is the 10-year outlook for the global Asynchronous Motor market?
What factors are driving Asynchronous Motor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Asynchronous Motor market opportunities vary by end market size?
How does Asynchronous Motor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.