Market Overview:
The global automotive induction motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric and hybrid vehicles across the globe. Additionally, the growing awareness about environment-friendly technologies is also propelling the growth of this market. The global automotive induction motor market can be segmented on the basis of type into DC motors and AC motors. The AC motors segment is expected to hold a larger share of this market during the forecast period owing to their high efficiency and performance as compared to DC motors. On the basis of application, this market can be divided into OEMs and aftermarket segments.
Product Definition:
An automotive induction motor is an electric motor that uses alternating current to create rotational motion. Induction motors are used in a wide variety of applications, including vehicles, commercial and industrial equipment, and home appliances.
DC Motor:
DC motor, also called as pulse-width modulation or PWM motor, is a type of electric motor which uses the power source in short pulses with a constant frequency. The main advantage of DC motors over AC motors is that the former requires less power to achieve the desired speed and can be operated at low speeds without risk of heat-up.
AC Motor:
An AC motor is a type of electric motor which operates on the principle of electromagnetic attraction and repulsion between two windings located within a single magnetic field. The rotor, which is made up of many windings, rotates in response to this magnetic field producing mechanical energy in the form of heat or motion. These motors are used for various applications including household appliances such as vacuum cleaners and coffee machines; industrial processes such as printing; computer equipment cooling fans etc.
Application Insights:
OEMs such as Mercedes, BMW, Audi and Porsche have been manufacturing cars equipped with IMA motors for several years. These types of motors are considered to be a high-end component as they offer smooth acceleration and deceleration. The OEMs use these induction motors in small quantities in order to enhance the performance of their luxury vehicles.
The demand for these types of induction motor is expected to increase aftermarket applications which include heavy commercial vehicles (HCVs), light commercial vehicles (LCVs) and passenger cars among others. The growing adoption of automation technology across various industries including automotive is projected to drive the demand for IMA Motors over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for passenger cars, especially in China, India, South Korea and Japan. Growing population along with rising disposable income levels is expected to have a positive impact on regional growth over the next eight years.
The European market was valued at USD X million in 2017 owing to high demand from Germany and Italy which are among Europe’s top 10 automotive markets globally. In addition, stringent government regulations regarding vehicle emissions are likely to boost product adoption across this region during the forecast period.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in induction motors
- Stringent government regulations on emissions from automotive engines
- Growing popularity of vehicle sharing and ride-sharing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Induction Motor Market Research Report
By Type
DC Motor, AC Motor
By Application
OEM, After Market
By Companies
WEG Electric Corp, ABB Ltd, Emerson Electric Co, Nidec Motor Corporation, Siemens AG, Tesla Inc, ARC Systems, Ramco Electric Motos, Toshiba, Rockwell Automation, Ametek, Regal Beloit, Johnson Electric, Allied Motion Technologies, Faulhaber Group, General Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Induction Motor Market Report Segments:
The global Automotive Induction Motor market is segmented on the basis of:
Types
DC Motor, AC Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, After Market
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WEG Electric Corp
- ABB Ltd
- Emerson Electric Co
- Nidec Motor Corporation
- Siemens AG
- Tesla Inc
- ARC Systems
- Ramco Electric Motos
- Toshiba
- Rockwell Automation
- Ametek
- Regal Beloit
- Johnson Electric
- Allied Motion Technologies
- Faulhaber Group
- General Electric
Highlights of The Automotive Induction Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC Motor
- AC Motor
- By Application:
- OEM
- After Market
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Induction Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive induction motor is a type of electric motor used in automobiles and other vehicles. It is an induction motor, which means that it uses the principle of electromagnetic induction to create power.
Some of the major companies in the automotive induction motor market are WEG Electric Corp, ABB Ltd, Emerson Electric Co, Nidec Motor Corporation, Siemens AG, Tesla Inc, ARC Systems, Ramco Electric Motos, Toshiba, Rockwell Automation, Ametek, Regal Beloit, Johnson Electric, Allied Motion Technologies, Faulhaber Group, General Electric.
The automotive induction motor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Induction Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Induction Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Induction Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Induction Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Induction Motor Market Size & Forecast, 2020-2028
4.5.1 Automotive Induction Motor Market Size and Y-o-Y Growth
4.5.2 Automotive Induction Motor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 DC Motor
5.2.2 AC Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 After Market
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Induction Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Induction Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 DC Motor
9.6.2 AC Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 After Market
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 DC Motor
10.6.2 AC Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 After Market
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 DC Motor
11.6.2 AC Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 After Market
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 DC Motor
12.6.2 AC Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 After Market
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 DC Motor
13.6.2 AC Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 After Market
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Induction Motor Market: Competitive Dashboard
14.2 Global Automotive Induction Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WEG Electric Corp
14.3.2 ABB Ltd
14.3.3 Emerson Electric Co
14.3.4 Nidec Motor Corporation
14.3.5 Siemens AG
14.3.6 Tesla Inc
14.3.7 ARC Systems
14.3.8 Ramco Electric Motos
14.3.9 Toshiba
14.3.10 Rockwell Automation
14.3.11 Ametek
14.3.12 Regal Beloit
14.3.13 Johnson Electric
14.3.14 Allied Motion Technologies
14.3.15 Faulhaber Group
14.3.16 General Electric
