Market Overview:
The global three-phase asynchronous motors 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 energy-efficient and high-performance motors across different applications. In addition, the growing awareness about the benefits of using three-phase asynchronous motors is also contributing to the growth of this market. Based on type, squirrel cage induction motor accounted for a major share of the global three-phase asynchronous motors market in 2017. This segment is expected to continue its dominance during the forecast period due to its high efficiency and low cost as compared with other types of induction motors.
Product Definition:
A three-phase asynchronous motor is a type of AC electric motor that uses an asynchronous (induction) rotor and three-phase power to produce torque. The importance of three-phase asynchronous motors is that they are very efficient and can be run at high speeds.
Squirrel Cage Induction Motor:
Squirrel cage induction motor is a type of three-phase synchronous motor used in various applications. It has the ability to provide high torque at low speeds and can be made to run very efficiently at higher speeds. The most important factor that sets this type of motors apart from regular two-phase motors is its method of current control.
Slip Ring or Wound Rotor Induction Motor:
Slip ring or wound rotor induction motor is a type of electric motor which uses a rotor made from an insulated material and a flexible wire winding around it. The electrical connections are made between the main shaft and the winding by means of slip rings. It was initially designed for use in HVAC equipment but its application has expanded to include various types of machinery such as medical devices, packaging machines, printing machines, etc.
Application Insights:
The commercial building application segment accounted for the largest share of over 30.0% in 2017. The segment is projected to witness significant growth owing to rising demand from industrial applications and HVAC systems. Increasing construction activities in commercial buildings, offices, shopping malls and hospitals across the globe is expected to drive the product demand over the forecast period.
The residential application segment was valued at USD 836.6 million in 2017 owing to increasing usage of electric motors for pumps & fans, water treatment equipment & filtration systems and other household appliances such as washing machines & tumble dryers among others among other electrical products such as refrigerators & air conditioners which are widely used throughout residential areas worldwide including Europe, Middle East Africa.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of three-phase asynchronous motors in industrial applications such as pumping, fans, compressors and other commercial building applications. In addition, rising demand for clean energy sources is anticipated to drive the market further. China accounted for a major share in Asia Pacific regional market owing to heavy investments made by Chinese manufacturers such as Sinovel and Hebei Diesel Engine Co., Ltd., which are specialized in manufacturing three-phase asynchronous motors with more than 30% annual sales volume since 2013.
Growth Factors:
- Increasing demand for three-phase asynchronous motors in the industrial sector
- Growing popularity of energy-efficient three-phase asynchronous motors
- Rising demand from end-use industries such as automotive, textile, and food & beverage
- Technological advancements in three-phase asynchronous motors manufacturing process
- Growing investments by leading players in research and development to develop new products
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-Phase Asynchronous Motors Market Research Report
By Type
Squirrel Cage Induction Motor, Slip Ring or Wound Rotor Induction Motor
By Application
Residential, Commercial Building, Agriculture, Transportation, Others
By Companies
ABB Ltd. (Switzerland), ABB, A.O. Smith Corporation (US), Allied Motion Technologies(US), Franklin Electric(US), General Electric Company (US), HBD Industries(US), Mitsubishi Electric(Japan), Nidec Corporation (Japan), Regal Beloit Corporation (US), ABB Ltd. (Switzerland)
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Three-Phase Asynchronous Motors Market Report Segments:
The global Three-Phase Asynchronous Motors market is segmented on the basis of:
Types
Squirrel Cage Induction Motor, Slip Ring or Wound Rotor Induction 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
Residential, Commercial Building, Agriculture, Transportation, Others
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:
- ABB Ltd. (Switzerland)
- ABB
- A.O. Smith Corporation (US)
- Allied Motion Technologies(US)
- Franklin Electric(US)
- General Electric Company (US)
- HBD Industries(US)
- Mitsubishi Electric(Japan)
- Nidec Corporation (Japan)
- Regal Beloit Corporation (US)
- ABB Ltd. (Switzerland)
Highlights of The Three-Phase Asynchronous Motors 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:
- Squirrel Cage Induction Motor
- Slip Ring or Wound Rotor Induction Motor
- By Application:
- Residential
- Commercial Building
- Agriculture
- Transportation
- Others
- 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 Three-Phase Asynchronous Motors 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
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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?
Three-phase asynchronous motors are a type of electric motor that uses three rotating electrical phases to create motion. This design allows for more efficient use of energy, as well as increased speed and torque.
Some of the major players in the three-phase asynchronous motors market are ABB Ltd. (Switzerland), ABB, A.O. Smith Corporation (US), Allied Motion Technologies(US), Franklin Electric(US), General Electric Company (US), HBD Industries(US), Mitsubishi Electric(Japan), Nidec Corporation (Japan), Regal Beloit Corporation (US), ABB Ltd. (Switzerland).
The three-phase asynchronous motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Three-Phase Asynchronous Motors 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 Three-Phase Asynchronous Motors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Three-Phase Asynchronous Motors 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 Three-Phase Asynchronous Motors 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 Three-Phase Asynchronous Motors Market Size & Forecast, 2020-2028 4.5.1 Three-Phase Asynchronous Motors Market Size and Y-o-Y Growth 4.5.2 Three-Phase Asynchronous Motors 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 Squirrel Cage Induction Motor
5.2.2 Slip Ring or Wound Rotor Induction 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 Residential
6.2.2 Commercial Building
6.2.3 Agriculture
6.2.4 Transportation
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three-Phase Asynchronous Motors 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 Three-Phase Asynchronous Motors 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 Squirrel Cage Induction Motor
9.6.2 Slip Ring or Wound Rotor Induction 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 Residential
9.10.2 Commercial Building
9.10.3 Agriculture
9.10.4 Transportation
9.10.5 Others
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 Squirrel Cage Induction Motor
10.6.2 Slip Ring or Wound Rotor Induction 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 Residential
10.10.2 Commercial Building
10.10.3 Agriculture
10.10.4 Transportation
10.10.5 Others
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 Squirrel Cage Induction Motor
11.6.2 Slip Ring or Wound Rotor Induction 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 Residential
11.10.2 Commercial Building
11.10.3 Agriculture
11.10.4 Transportation
11.10.5 Others
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 Squirrel Cage Induction Motor
12.6.2 Slip Ring or Wound Rotor Induction 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 Residential
12.10.2 Commercial Building
12.10.3 Agriculture
12.10.4 Transportation
12.10.5 Others
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 Squirrel Cage Induction Motor
13.6.2 Slip Ring or Wound Rotor Induction 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 Residential
13.10.2 Commercial Building
13.10.3 Agriculture
13.10.4 Transportation
13.10.5 Others
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 Three-Phase Asynchronous Motors Market: Competitive Dashboard
14.2 Global Three-Phase Asynchronous Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB Ltd. (Switzerland)
14.3.2 ABB
14.3.3 A.O. Smith Corporation (US)
14.3.4 Allied Motion Technologies(US)
14.3.5 Franklin Electric(US)
14.3.6 General Electric Company (US)
14.3.7 HBD Industries(US)
14.3.8 Mitsubishi Electric(Japan)
14.3.9 Nidec Corporation (Japan)
14.3.10 Regal Beloit Corporation (US)
14.3.11 ABB Ltd. (Switzerland)