Asynchronous Motor Market

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.

Asynchronous Motor Market contains market size and forecasts of Asynchronous Motor in global, including the following market information:

Global Asynchronous Motor Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Asynchronous Motor Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Asynchronous Motor companies in 2021 (%)

The global Asynchronous Motor market was valued at 11260 million in 2021 and is projected to reach US$ 18630 million by 2028, at a CAGR of 7.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Single-phase asynchronous motor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Asynchronous Motor include ABB, Emerson, GE, TECO, Regal-Beloit, Nidec, Siemens, Tatung and Hitachi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Asynchronous Motor Market Segment Percentages, by Type, 2021 (%)

Single-phase asynchronous motor

Three-phase asynchronous motor

Global Asynchronous Motor Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Asynchronous Motor Market Segment Percentages, by Application, 2021 (%)

Chemical Industry

Logistics Industry

Engineering And Manufacturing Industry

Others

Global Asynchronous Motor Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Asynchronous Motor Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (Estimated), ($ millions)

Key companies Asynchronous Motor revenues share in global market, 2021 (%)

Key companies Asynchronous Motor sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Asynchronous Motor sales share in global market, 2021 (%)

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