Research Reports
Induction Motor Market Forecast 2021-26: Industry Trends, Share, Size, Growth and Forecast
Published by IMARC Services Private Limited
Posted on September 9, 2021
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Published by IMARC Services Private Limited
Posted on September 9, 2021
According to the latest report by IMARC Group, titled “Induction Motor Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global induction motor market reached a value of US$ 17.5 Billion in 2020. Looking forward, IMARC Group expects the global induction motor market to exhibit moderate growth during 2021-2026. Induction motors, also called asynchronous motors, are alternating current (AC) motors in which the torque is generated by the reaction between the current and a varying magnetic field. They have a simple and rugged structure, require minimum and low-cost maintenance, and offer high dependability and proficiency. Induction motors have two parts – a stator and a rotor. Magnetic effects of currents generated by both these components help in producing the force that is required for creating a rotation in the motor. As compared to synchronous and direct current (DC) motors, induction motors offer various advantages, which include ease of operation in different environmental conditions, high starting torque, speed variation, and durability.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/induction-motor-market/requestsample
Global Induction Motor Market Trends:
Induction motors are primarily used for industrial purposes, which require steady state performance and good dynamics over a wide range of speeds. However, the speed variation causes the problem of real time flux estimation. In order to overcome this problem, market players have been investing in the introduction of sensorless control schemes for induction motors. Besides this, there has been a significant rise in environmental concerns, which has escalated the demand for electric vehicles (EVs) across the globe. This has positively influenced the demand for induction motors as they are considered suitable for different driving cycles, high power density, wide operating speed, high starting torque and improved power factor necessary for the proper functioning of EVs.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/induction-motor-market
Key Market Segmentation:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
Other Reports by IMARC Group:
Generic Injectables Market: https://www.imarcgroup.com/generic-injectables-market
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According to the latest report by IMARC Group, titled “Induction Motor Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global induction motor market reached a value of US$ 17.5 Billion in 2020. Looking forward, IMARC Group expects the global induction motor market to exhibit moderate growth during 2021-2026. Induction motors, also called asynchronous motors, are alternating current (AC) motors in which the torque is generated by the reaction between the current and a varying magnetic field. They have a simple and rugged structure, require minimum and low-cost maintenance, and offer high dependability and proficiency. Induction motors have two parts – a stator and a rotor. Magnetic effects of currents generated by both these components help in producing the force that is required for creating a rotation in the motor. As compared to synchronous and direct current (DC) motors, induction motors offer various advantages, which include ease of operation in different environmental conditions, high starting torque, speed variation, and durability.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/induction-motor-market/requestsample
Global Induction Motor Market Trends:
Induction motors are primarily used for industrial purposes, which require steady state performance and good dynamics over a wide range of speeds. However, the speed variation causes the problem of real time flux estimation. In order to overcome this problem, market players have been investing in the introduction of sensorless control schemes for induction motors. Besides this, there has been a significant rise in environmental concerns, which has escalated the demand for electric vehicles (EVs) across the globe. This has positively influenced the demand for induction motors as they are considered suitable for different driving cycles, high power density, wide operating speed, high starting torque and improved power factor necessary for the proper functioning of EVs.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/induction-motor-market
Key Market Segmentation:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
Other Reports by IMARC Group:
Generic Injectables Market: https://www.imarcgroup.com/generic-injectables-market
Lithography Systems Market: https://www.imarcgroup.com/lithography-systems-market
Colostomy Bags Market: https://www.imarcgroup.com/colostomy-bags-market
Silicones and Siloxanes Market: https://www.imarcgroup.com/silicone-siloxane-market
Generic Drug Market: https://www.imarcgroup.com/generic-drug-manufacturing-plant
Ceramic Ball Bearings Market: https://www.imarcgroup.com/ceramic-ball-bearings-market
Takaful Market: https://www.imarcgroup.com/takaful-market
Battery Charger Market: https://www.imarcgroup.com/battery-charger-market
Solar Generator Market: https://www.imarcgroup.com/solar-generator-market