Market Overview:
The global three phase induction 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 three phase induction motors in commercial and industrial applications, and the growing awareness about energy-efficient motor technologies. The global three phase induction motors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into synchronous motor, direct current motor (DC), and asynchronous motor. The synchronous motor segment is expected to account for a major share of the global three phase induction motors market in 2018 owing to its high efficiency and reliability as compared to other types of electric motors.
Product Definition:
A three-phase induction motor is an asynchronous electric motor that runs on three alternating current (AC) supply lines, each carrying a phase of the AC voltage. The rotating magnetic field created by the three phases induces a current in the rotor, which turns it into an electric generator. Three-phase induction motors are widely used in industry because they are rugged, reliable and economical.
Synchronous Motor:
Synchronous motors have a number of advantages over conventional induction motors, which is expected to drive their market. These include high torque at low speeds, less noise & vibration and faster start-up response time. Synchronous Motors are also used in applications such as aerospace and defense equipment where high precision is required.
The global synchronous motor market was valued at USD 2,788 million in 2015.
Direct Current Motor:
DC motor is a type of electric motor which produces direct current. It is used in applications where the speed of the motor can be adjusted by changing the frequency of the current supplied to it. The three phase induction motors are very similar to DC motors, but they have an additional windings (wound around a magnetic core) so that they can produce multiple phases at different frequencies.
The primary difference between AC.
Application Insights:
The industry is segmented on the basis of application into commercial, industrial and household sectors. The commercial sector includes applications such as data centers, hospitals, telecom & IT infrastructure and offices. Increasing demand for clean electricity in data centers to reduce energy costs is expected to drive the product demand in this segment over the forecast period.
The industrial sector comprises oil & gas refineries along with other manufacturing facilities that require synchronous or asynchronous motors depending upon their requirements. Growing manufacturing activities across developing countries are anticipated to boost product demand in this segment over the forecast period.
The household sector comprises residential complexes and single-family homes where direct current motors or three phase induction motors are used for water heating equipment such as hot water heaters or space heating equipment including boiler systems.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing adoption in industrial and commercial applications. The region comprises some of the largest markets for three phase induction motors including China, Japan, South Korea, Taiwan and India. Increasing demand for clean energy sources has led major governments in these countries to invest heavily in wind farms which require DC motor installation as an integral part of their turbines.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for energy-efficient electric motors
- Rising industrialization and urbanization in developing countries
- Growing investments in renewable energy sources
- Proliferation of motor-driven equipment and appliances across various industries
- Technological advancements in Three Phase Induction Motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Three Phase Induction Motors Market Research Report
By Type
Synchronous Motor, Direct Current Motor, Asynchronous Motor
By Application
Commercial, Industrial, Household
By Companies
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
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Three Phase Induction Motors Market Report Segments:
The global Three Phase Induction Motors market is segmented on the basis of:
Types
Synchronous Motor, Direct Current Motor, Asynchronous 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
Commercial, Industrial, Household
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
- 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
Highlights of The Three Phase Induction 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:
- Synchronous Motor
- Direct Current Motor
- Asynchronous Motor
- By Application:
- Commercial
- Industrial
- Household
- 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 Induction 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 induction motors are a type of electric motor that uses three rotating magnetic fields to generate power. The three fields interact with one another to create a rotating force that can be used to rotate an object. This type of motor is often used in applications where high torque and speed are required, such as in industrial machinery or vehicles.
Some of the major players in the three phase induction motors market are 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.
The three phase induction motors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Three Phase Induction Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Three Phase Induction Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Three Phase Induction Motors Market - Supply Chain
4.5. Global Three Phase Induction Motors Market Forecast
4.5.1. Three Phase Induction Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Three Phase Induction Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Three Phase Induction Motors Market Absolute $ Opportunity
5. Global Three Phase Induction Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Three Phase Induction Motors Market Size and Volume Forecast by Type
5.3.1. Synchronous Motor
5.3.2. Direct Current Motor
5.3.3. Asynchronous Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Three Phase Induction Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Three Phase Induction Motors Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Industrial
6.3.3. Household
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Three Phase Induction Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Three Phase Induction Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Three Phase Induction Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Three Phase Induction Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Three Phase Induction Motors Demand Share Forecast, 2019-2026
9. North America Three Phase Induction Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Three Phase Induction Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Three Phase Induction Motors Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Household
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Three Phase Induction Motors Market Size and Volume Forecast by Type
9.7.1. Synchronous Motor
9.7.2. Direct Current Motor
9.7.3. Asynchronous Motor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Three Phase Induction Motors Demand Share Forecast, 2019-2026
10. Latin America Three Phase Induction Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Three Phase Induction Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Three Phase Induction Motors Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Household
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Three Phase Induction Motors Market Size and Volume Forecast by Type
10.7.1. Synchronous Motor
10.7.2. Direct Current Motor
10.7.3. Asynchronous Motor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Three Phase Induction Motors Demand Share Forecast, 2019-2026
11. Europe Three Phase Induction Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Three Phase Induction Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Three Phase Induction Motors Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Household
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Three Phase Induction Motors Market Size and Volume Forecast by Type
11.7.1. Synchronous Motor
11.7.2. Direct Current Motor
11.7.3. Asynchronous Motor
11.8. Basis Point Share (BPS) Analsis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Three Phase Induction Motors Demand Share, 2019-2026
12. Asia Pacific Three Phase Induction Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Three Phase Induction Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Three Phase Induction Motors Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Industrial
12.4.3. Household
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Three Phase Induction Motors Market Size and Volume Forecast by Type
12.7.1. Synchronous Motor
12.7.2. Direct Current Motor
12.7.3. Asynchronous Motor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Three Phase Induction Motors Demand Share, 2019-2026
13. Middle East & Africa Three Phase Induction Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Three Phase Induction Motors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Three Phase Induction Motors Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Industrial
13.4.3. Household
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Three Phase Induction Motors Market Size and Volume Forecast by Type
13.7.1. Synchronous Motor
13.7.2. Direct Current Motor
13.7.3. Asynchronous Motor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Three Phase Induction Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Three Phase Induction Motors Market: Market Share Analysis
14.2. Three Phase Induction Motors Distributors and Customers
14.3. Three Phase Induction Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ametek Advanced Motion Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Brook Crompton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Danaher Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fuji Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Johnson Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kirloskar Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mmc Electric Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nidec Motor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Oriental Motors
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Regal Beloit
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rockwell Automation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Siemens
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Weg Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
