Induction AC Electric Motor Market Revenue was valued at USD 9.2 Billion in 2024 and is estimated to reach USD 15.3 Billion by 2033, growing at a CAGR of 6.1% from 2026 to 2033.
The global induction AC electric motor market has experienced substantial growth, with a valuation of approximately USD 19.9 billion in 2022 and an anticipated CAGR of 7.4% from 2022 to 2032. Regionally, the Asia Pacific market was valued at USD 9.5 billion in 2022, accounting for nearly half of the global market share, and is projected to reach USD 19.4 billion by 2032, growing at a CAGR of around 48.0%. North America held the second largest share, with a market value of USD 14.87 billion in 2022, influenced by technological adoption and energy efficiency initiatives, and exhibited a growth rate of 7.5% over the forecast period. Europe followed with a market value of USD 10.45 billion in 2022, characterized by stringent energy regulations and investments in renewable energy, reflecting a growth rate of 6.9% over the forecast period. In India, the induction motor market was valued at USD 796.61 million in 2024 and is expected to reach USD 1,632.99 million by 2033, growing at a CAGR of 7.89% from 2025 to 2033. This growth is driven by innovations in production technologies, increased industrial automation, and the demand for energy saving solutions. The United States market is projected to surpass USD 6.2 billion by 2032, with a CAGR of 6.2% from 2022 to 2032, bolstered by the rising adoption of electric vehicles and industrial automation. The United Kingdom market is expected to be worth USD 1.1 billion by 2032, expanding at a CAGR of 5.8% from 2022 to 2032, driven by increasing industrial output and the adoption of energy efficient technologies.
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ABB
Rockwell Automation
Siemens
ARC Systems
Sinotech
Emerson
GE
TECO
Regal-Beloit
Nidec
Tatung
Hitachi
WEG
Bosch Rexroth
SEW-Eurodrive
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Induction AC Electric Motor Market
Squirrel Cage Induction Motors
Wound Rotor Induction Motors
Industrial Applications
HVAC Systems
Automotive
Appliance Industry
Water and Wastewater Treatment
Low Power Induction Motors
Medium Power Induction Motors
High Power Induction Motors
Low Voltage Induction Motors
Medium Voltage Induction Motors
High Voltage Induction Motors
Foot Mounted
Flange Mounted
Face Mounted
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Induction AC Electric Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Induction AC Electric Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Induction AC Electric Motor Market, By Type
6. Global Induction AC Electric Motor Market, By Application
7. Global Induction AC Electric Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Induction AC Electric Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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