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Induction Motors Market Worth US$ 31530 Million by 2028 at a CAGR of 9.0% Globally, COVID-19 Impact and Analysis by The Market Reports

Significant superiority of induction motors over others is one of the primary driving factors in the induction Motors market. Rugged built, lightweight, reliable and low after sale maintenance cost are some of the factors that are pushing the demand in the Induction pump market. With the increasing awareness regarding environmental protection the induction motors low emission rate also contributes to the growing induction motor market

Due to the COVID-19 pandemic, the global Induction Motors market size is estimated to be worth US$ 18790 million in 2022 and is forecast to a readjusted size of US$ 31530 million by 2028 with a CAGR of 9.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Synchronous Motor accounting for % of the Induction Motors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Residential segment is altered to an % CAGR throughout this forecast period.

The Induction motor market has been segmented on the basis of end users as residential, commercial and industrial. On the basis of product the market has been segmented as Synchronous, direct current and asynchronous motors.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-induction-motors-market-research-report

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Synchronous Motor
  • Direct Current Motor
  • Asynchronous Motor

Segment by Application

  • Residential
  • Commercial
  • Industrial

By Company

  • Emerson Electric
  • Regal Beloit
  • ABB
  • Schneider Electric
  • Marathon Electric
  • Kirloskar Electric
  • Siemens
  • Baldor Electric

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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