Industrial Induction Motor Market size is estimated to be USD 25.6 Billion in 2024 and is expected to reach USD 38.2 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global industrial induction motor market was valued at USD 24.5 billion in 2022 and is projected to reach USD 33.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. Asia Pacific stands out as a significant contributor, with its market size reaching USD 14.3 billion in 2024 and expected to grow at a CAGR of 10.7% from 2025 to 2033. In India, the induction motor market was valued at USD 796.61 million in 2024 and is anticipated to reach USD 1,632.99 million by 2033, exhibiting a CAGR of 7.89% from 2025 to 2033. North America also plays a crucial role, with the United States market projected to surpass USD 6.2 billion by 2032, growing at a CAGR of 6.2% from 2022 to 2032.The Asia Pacific regions growth is driven by rapid industrialization and infrastructure development, leading to increased demand for industrial machinery and equipment that utilize induction motors. In India, the markets expansion is fueled by the growing demand for energy efficient motor solutions across various sectors, supported by government initiatives like "Make in India." In the United States, the increasing adoption of electric vehicles, which extensively use induction motors due to their reliability and energy efficiency, contributes significantly to market growth. These regional dynamics present substantial opportunities for the industrial induction motor market, particularly in sectors emphasizing energy efficiency and technological advancements.
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ABB
WEG
ATB
CAG
Ward Leonard
Toshiba
Siemens
ATB Laurence Scott
Regal Rexnord
VEM Group
Hyundai Electric
MENZEL Elektromotoren
Wolong
Shanghai Electric
Nidec Industrial
HYOSUNG
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 Industrial Induction Motor Market
Squirrel Cage Induction Motor
Wound Rotor Induction Motor
Single Phase Induction Motor
Three Phase Induction Motor
Explosion Proof Induction Motor
Water and Wastewater Treatment
Manufacturing and Processing
Pumping Systems
Conveyor Systems
HVAC Systems
Mining and Metals Processing
Low Power (< 1 HP)
Medium Power (1 HP - 100 HP)
High Power (> 100 HP)
Small Frame Motors
Medium Frame Motors
Large Frame Motors
Totally Enclosed Fan Cooled (TEFC)
Open Drip Proof (ODP)
Totally Enclosed Non-Ventilated (TENV)
Self Ventilated
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 Industrial Induction 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 Industrial Induction Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Induction Motor Market, By Type
6. Global Industrial Induction Motor Market, By Application
7. Global Industrial Induction Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Induction Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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