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| Market size in 2024 | US$ 16.34 billion |
Forecast Market size by 2030 | US$ 21.56 billion |
|---|---|---|---|
| Growth Rate | CAGR of 4.7% | Number of Pages | 136 Pages |
The global Three Phase Induction Motors market size was valued at US$ 16.34 billion in 2024 and is projected to reach US$ 21.56 billion by 2030, at a CAGR of 4.7% during the forecast period 2024-2030.
The United States Three Phase Induction Motors market size was valued at US$ 3.45 billion in 2024 and is projected to reach US$ 4.38 billion by 2030, at a CAGR of 4.1% during the forecast period 2024-2030.
Three phase induction motors are electric motors that operate on three-phase AC power, widely used in industrial applications due to their reliability, efficiency, and ability to handle high power loads.
The global Three Phase Induction Motors market is experiencing steady growth, driven by ongoing industrial automation, expansion of manufacturing sectors in emerging economies, and increasing adoption of energy-efficient motors. In 2023, total production reached 42 million units, with Asia-Pacific, Europe, and North America accounting for 80% of global output. The industrial machinery sector remains the largest end-user at 40%, followed by HVAC systems at 20%. IE3 efficiency class motors dominate with a 45% market share due to regulatory pressures and energy savings. The market saw a 10% increase in demand for IE4 and IE5 super-premium efficiency motors in 2023, reflecting the growing focus on energy conservation. Variable frequency drive (VFD) compatible motors are growing at 8% annually, driven by the need for speed control and energy optimization. The trend towards Industry 4.0 led to a 15% rise in adoption of smart motors with integrated sensors and connectivity in 2023. Explosion-proof three phase motors saw a 12% surge in demand, particularly in oil & gas and chemical industries. The market is witnessing increased focus on sustainable manufacturing, with a 20% growth in R&D investments for developing motors with recycled materials and improved lifecycle sustainability.
Report Overview
The induction motor is manufactured without any electrical connections to the rotors.
This report provides a deep insight into the global Three Phase Induction Motors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Three Phase Induction Motors Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Three Phase Induction Motors market in any manner.
Global Three Phase Induction Motors Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB
Ametek Advanced Motion Solutions
Brook Crompton
Danaher Corporation
Fuji Electric
General Electric Company
Johnson Electric
Kirloskar Electric
Mmc Electric Company
Nidec Motor
Oriental Motors
Regal Beloit
Rockwell Automation
Siemens
Weg Industries
Market Segmentation (by Type)
Synchronous Motor
Direct Current Motor
Asynchronous Motor
Market Segmentation (by Application)
Commercial
Industrial
Household
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Three Phase Induction Motors Market
Overview of the regional outlook of the Three Phase Induction Motors Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Three Phase Induction Motors Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 16.34 billion |
| Forecast Market size by 2030 | US$ 21.56 billion |
| Growth Rate | CAGR of 4.7% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 136 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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