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.
This report aims to provide a comprehensive presentation of the global market for Asynchronous Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Asynchronous Motor. This report contains market size and forecasts of Asynchronous Motor in global, including the following market information:
- Global Asynchronous Motor Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Asynchronous Motor Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Asynchronous Motor companies in 2022 (%)
The global Asynchronous Motor market was valued at US$ 11260 million in 2022 and is projected to reach US$ 18630 million by 2029, at a CAGR of 7.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
We surveyed the Asynchronous Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Asynchronous Motor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Asynchronous Motor Market Segment Percentages, by Type, 2022 (%)
- Single-phase asynchronous motor
- Three-phase asynchronous motor
Global Asynchronous Motor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Asynchronous Motor Market Segment Percentages, by Application, 2022 (%)
- Chemical Industry
- Logistics Industry
- Engineering And Manufacturing Industry
- Others
Global Asynchronous Motor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Asynchronous Motor Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Asynchronous Motor revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Asynchronous Motor revenues share in global market, 2022 (%)
- Key companies Asynchronous Motor sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Asynchronous Motor sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Asynchronous Motor, market overview.
- Chapter 2: Global Asynchronous Motor market size in revenue and volume.
- Chapter 3: Detailed analysis of Asynchronous Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Asynchronous Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Asynchronous Motor capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
