Induction Motors Market
Report ID: SQMIG10A2031
Report ID: SQMIG10A2031
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Report ID:
SQMIG10A2031 |
Region:
Global |
Published Date: April, 2025
Pages:
223
|Tables:
145
|Figures:
78
Global Induction Motors Market size was valued at USD 24.41 Billion in 2024 and is poised to grow from USD 26.19 Billion in 2025 to USD 46.02 Billion by 2033, growing at a CAGR of 7.3% during the forecast period (2026–2033).
An induction motor is an AC electric motor in which the torque is generated by the action between the special magnetic field generated in the stator and the current generated in the coils of the rotor. Its exceptional durability makes it an ideal choice for automotive and construction projects, as it requires little maintenance. The ability to operate in different weather conditions is another key factor in its demand.
Increased focus on reducing greenhouse gas emissions and demand for low-energy materials are key drivers for the growth of electric vehicles. According to the International Energy Agency (IEA), global electric vehicles sales are increasing sharply by 2022, with sales of 2 million units in the first quarter exceeding the same period during the year by 75%. The growth of the EV industry is expected to drive demand for induction motors, because these motors are widely used by electric vehicle (EV) manufacturers due to their robustness, reliability and low hence storage facilities.
Market snapshot - 2026-2033
Global Market Size
USD 22.75 billion
Largest Segment
Industrial
Fastest Growth
Commercial
Growth Rate
7.3% CAGR
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Global Induction Motors Market is segmented by Product Type, Type, Power Output, Application, End-Use and region. Based on Product Type, the market is segmented into Synchronous Motors, Asynchronous Motors, Direct Current Motors and Others. Based on Type, the market is segmented into IE1, IE2, IE3 and IE4. Based on Power Output, the market is segmented into Fractional Horsepower and Integral Horsepower. Based on Application, the market is segmented into Pumps, HVAC Fans, Material Processing, Compressed Air, Material Handling and Others. Based on End-Use, the market is segmented into Residential, Industrial, Agricultural Sector, Transportation and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Single stage induction motors are a dominating segment in the market and commonly used in residential and small commercial applications due to their simplicity, low cost and easy installation. For example, household appliances such as fans, air conditioners, washing machines and small electrical appliances. Single phase devices are suitable for low voltage applications where power demand is very low. It is generally used in situations where the power requirements do not justify the complexity and cost associated with three-phase devices. Single phase induction motors find applications in some light industrial applications, such as small machines, conveyors and pumps. However, their use in heavy industrial applications is limited by inefficiency and lack of power.
Three-phase motors is expected to grow in the market and can deliver higher power and operate at higher efficiency compared to single-phase motors which makes it suitable for high power demanding applications such as large pumps, compressors and appliances machinery. A three-phase induction motor can be used in variable speed applications using variable frequency drives (VFDs) or other control mechanisms.
The industrial segment is dominating the market. Today, a lot of technology uses machines, which are critical to the success of a company. Nowadays, every manufacturing company pursues product quality as a primary goal. Being cost-effective, robust, maintenance-free, and capable of operating under all environmental conditions, induction motors are increasingly being used in mining, cement, automotive, oil and gas, healthcare and construction. Manufacture of pumps, elevators parts, hoists, electric shavers, cranes, crushers, oil extraction equipment, etc. Increased environmental protection awareness in industry also helps the growth of induction motors, as they have lower emissions.
The commercial segment of the global induction motor market covers various applications and industries where induction motors are used for various purposes. These devices are essential to power many commercial tools and systems. Induction motors are widely used to drive fans, blowers and pumps in commercials. HVAC systems play an important role in monitoring ventilation, temperature control and airflow well into commercial buildings with offices, supermarkets, hotels and retail for example, there are walk-in refrigerators, refrigerators and freezer displays. These devices power the compressor and fan, effectively cooling and storing perishables in supermarkets, restaurants and other retail establishments.
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The Asia-Pacific region is expected to dominate the global induction motor market. The tremendous growth in the number of manufacturing and engineering units has led to a high demand for induction motors. Induction motors are used in fans, blowers, mechanical equipment, compressors, pumps, conveyors, bulldozers etc. The development of railways, metros and bullet trains requires induction motors for stable and reliable operation. Rural economies are based on agricultural techniques, especially induction motors for manufacturing. Rapid urbanization has increased the demand for elevators and escalators which in turn has increased the demand for induction motors.
Induction motors are also used in everyday applications like water pumps, kitchen appliances, fans, air conditioners, automobiles etc. Increase in the number of electrical appliances has also increased the sales of induction motors. resulting in similar scenarios in America and Africa and because of this the induction motor market will grow rapidly. The global induction motor market in Europe and North America is anticipated to witness steady growth.
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Rise in the Configuration of Motor
Mass Production of Electric Cars
The Ubiquity of Substandard Motors
Simple Induction Motors are easily available
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The competitive environment of the Global Induction Motors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The Indian induction motor market is mainly driven by the growing demand for consumer electronics, such as air conditioners, washing machines, dishwashers, hair dryers etc. Moreover, induction motors offer various advantages such as ease of operation under environmental conditions, high starting torque, different speeds and durability. These positive attributes also drive the growth of the market. Moreover, government initiatives like “Make in India” are encouraging manufacturers to automate various industries and focus on improving industrial equipment. The government has also implemented aggressive policies to reduce carbon footprints, which has boosted sales of induction motors as they represent a better alternative and consume far less energy than conventional motors.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 24.41 Billion |
| Market size value in 2033 | USD 46.02 Billion |
| Growth Rate | 7.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Induction Motors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Induction Motors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Induction Motors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Induction Motors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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