Induction Motors Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (Single-Phase Induction Motor and Three-Phase Induction Motor), By Application (Residential, Commercial, and Industrial), By Region, By Competition, 2020-2030F

Market Overview

Global Induction Motors Market was valued at USD 20.31 Billion in 2024 and is expected to reach USD 30.72 Billion by 2030 with a CAGR of 6.98%. The induction motors market refers to the global industry focused on the manufacturing, distribution, and utilization of induction motors, which are widely used in various applications for converting electrical energy into mechanical energy. Induction motors are a type of electric motor that operates based on electromagnetic induction, utilizing a rotating magnetic field generated by alternating current (AC) to induce current in the rotor, which in turn creates torque and rotational motion. They are known for their simple construction, robustness, durability, and ability to perform in a wide range of operating conditions, which makes them highly popular in industries such as manufacturing, HVAC (heating, ventilation, and air conditioning), automotive, mining, water treatment, and agriculture.

Key Market Drivers

Increasing Demand for Energy Efficiency and Sustainability

One of the key drivers for the growth of the induction motors market is the escalating global demand for energy-efficient and sustainable solutions. With rising energy costs and growing concerns about environmental impacts, industries are under increasing pressure to reduce energy consumption and carbon footprints. Induction motors, particularly those designed to meet high energy-efficiency standards such as IE3 and IE4, are gaining traction in various industrial applications due to their proven reliability, low maintenance requirements, and relatively lower initial cost compared to more advanced motor technologies. The global push for sustainability, coupled with stricter regulations and standards by governments and environmental agencies, is accelerating the adoption of energy-efficient motors across sectors like manufacturing, HVAC, water treatment, and material handling.

In many industries, motors account for a significant portion of overall energy consumption, sometimes as high as 70% in industrial plants. As such, replacing outdated and inefficient motors with high-efficiency induction motors can lead to substantial reductions in energy usage, resulting in cost savings for end-users and contributing to environmental goals. Furthermore, government incentives, such as tax rebates, grants, and subsidies for energy-efficient equipment, are spurring investment in upgrading motor systems.

This trend is particularly evident in regions such as Europe, North America, and Asia-Pacific, where regulatory bodies like the European Union’s Ecodesign Directive, the U.S. Department of Energy (DOE), and the China National Energy Administration (NEA) have implemented stringent energy performance requirements for electric motors. These regulations are incentivizing companies to modernize their equipment with energy-efficient induction motors, driving both short-term and long-term market growth. The drive toward energy efficiency also complements the broader global focus on reducing greenhouse gas emissions, making induction motors not only an economically beneficial choice but also an environmentally responsible one. Implementing energy-efficient technologies could reduce global energy demand by over 40% by 2040, according to the International Energy Agency (IEA). Buildings account for approximately 30% of global energy consumption, driving demand for energy-efficient HVAC systems, lighting, and insulation. Energy efficiency measures could contribute to more than 40% of the emissions reductions needed to reach net-zero targets by 2050.

Industrial Automation and the Shift Toward Smart Manufacturing

The global trend toward industrial automation and smart manufacturing is another significant driver propelling the induction motors market. The shift to automated and digitized industrial environments, often referred to as Industry 4.0, is increasing the demand for advanced motor solutions that can meet the requirements of automated systems, robotics, and digitally-controlled machinery. Induction motors, long known for their ruggedness, simplicity, and ability to handle a wide range of industrial applications, are now being integrated with smart technologies that allow for enhanced performance and real-time monitoring.

The rise of the Industrial Internet of Things (IIoT) is particularly important in this regard, as it enables induction motors to be connected to cloud-based platforms for condition monitoring, predictive maintenance, and energy management. By embedding sensors into induction motors, manufacturers can gather valuable operational data, such as temperature, vibration, and load conditions, to optimize motor performance and prevent costly downtime. This shift toward “smart” induction motors aligns with the broader trend of digital transformation, where factory floors are becoming more connected and responsive. Additionally, as industries increasingly rely on automation for precision, efficiency, and scalability, the demand for high-performance motors capable of operating in variable speed and load conditions continues to rise.

Induction motors, when paired with variable frequency drives (VFDs) and other smart control systems, offer exceptional flexibility in controlling motor speed and torque, which is essential for precision in modern manufacturing processes. These advancements make induction motors ideal for applications in sectors such as automotive, food processing, pharmaceuticals, and packaging, where automation and control are critical. Moreover, the increasing use of robotics and automated material handling systems in warehouses and factories is driving further demand for induction motors, solidifying their position as a core component in the industrial automation ecosystem.

Expansion of Infrastructure in Emerging Markets

The expansion of infrastructure in emerging markets is a crucial driver for the induction motors market, as rapid urbanization, industrialization, and infrastructure development in regions such as Asia-Pacific, Latin America, and the Middle East are significantly boosting the demand for motors in various sectors. With the ongoing industrialization in countries like China, India, Brazil, and others, there is a burgeoning need for reliable and cost-effective motor solutions to support the development of new infrastructure projects, including power plants, water treatment facilities, transportation networks, and manufacturing hubs. As these economies continue to grow and modernize, the demand for induction motors, particularly in critical infrastructure sectors such as energy generation, water and wastewater treatment, and public transportation, is increasing.

In the energy sector, for example, induction motors are widely used in applications such as pumps, fans, and compressors, and the ongoing construction of new power plants and renewable energy projects is creating substantial demand for these motors. Similarly, as developing countries expand their industrial bases, the need for motor-driven systems in manufacturing processes, such as material handling, conveyor systems, and automation, is also rising. Induction motors, known for their robustness and ability to operate in harsh environments, are well-suited to meet the demands of these growing industries. In addition, as these regions invest in infrastructure to support their growing populations and urban areas, the use of induction motors in HVAC systems, elevators, escalators, and water pumping stations is set to increase.

The expansion of electrification and renewable energy infrastructure in rural areas is also expected to create opportunities for induction motor suppliers, as these regions require reliable motor systems for agricultural and industrial applications. As a result, the ongoing development of infrastructure in emerging markets is fueling the growth of the induction motors market, creating opportunities for both established players and new entrants to expand their presence in these high-growth regions. As of 2023, global annual infrastructure spending stood at around USD 4.5 trillion, with a growing focus on sustainable and resilient development.

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Key Market Challenges

Growth of Induction Motors

One of the foremost challenges hindering the growth of the induction motors market is the rising pressure for energy efficiency compliance in tandem with increasingly stringent government regulations, which often necessitate costly design modifications and retrofitting of legacy systems. Although induction motors are widely known for their durability and relatively low operational costs, they are also traditionally less efficient compared to newer alternatives like permanent magnet synchronous motors (PMSMs), especially in applications that require variable speeds. In recent years, many governments and regulatory bodies, including the U.S. Department of Energy and the European Union, have implemented rigorous energy efficiency standards such as IE3 and IE4 classifications under IEC 60034-30-1, which significantly exceed the efficiency levels of older induction motor designs.

This regulatory push has prompted manufacturers to invest heavily in R&D to meet these benchmarks, driving up production costs and reducing overall profit margins. For end users, the need to replace or retrofit existing equipment to stay compliant with efficiency regulations often results in increased capital expenditure, which is especially burdensome for small to mid-sized enterprises. Moreover, integrating newer, high-efficiency induction motors into legacy systems presents technical hurdles, including compatibility issues with control drives and existing wiring infrastructure.

These complications slow the rate of market adoption and lengthen sales cycles, particularly in cost-sensitive industries like manufacturing and HVAC. Additionally, in markets where electricity prices are subsidized or relatively low, the economic incentive to invest in high-efficiency motors is diminished, further compounding the challenge of aligning industry upgrades with regulatory expectations. Consequently, the drive toward higher energy efficiency, while necessary for environmental and long-term cost benefits, imposes a short- to medium-term strain on both manufacturers and consumers, hindering seamless market growth and requiring strategic navigation through regulatory, economic, and technological complexities.

Competition for Advanced Motor Technologies

Another significant challenge facing the induction motors market is the intensifying competition from advanced motor technologies that offer superior performance in precision and energy efficiency, particularly in rapidly modernizing industrial and automotive applications. Permanent magnet motors (PMMs) and brushless DC motors (BLDCs), for instance, have gained substantial traction across sectors such as robotics, electric vehicles, and smart manufacturing due to their high torque density, compact design, and superior control accuracy at variable speeds. As industries pivot toward automation and digitalization, demand for motors that integrate seamlessly with intelligent drive systems and Industrial Internet of Things (IIoT) platforms is rising sharply, placing traditional induction motors at a comparative disadvantage.

While modern variable frequency drives (VFDs) have enhanced the versatility of induction motors, they still struggle to match the efficiency and responsiveness of PMMs in highly dynamic or load-sensitive environments. Furthermore, in the electric vehicle (EV) market—a rapidly expanding domain where motor efficiency and size are paramount—OEMs are increasingly favoring permanent magnet-based motors over induction types, limiting the addressable market share for induction motors in this critical growth area. The cost of rare earth materials used in PMMs is a concern, yet the performance benefits they deliver often outweigh the cost implications in premium applications.

This competitive landscape compels induction motor manufacturers to either innovate or face erosion in market share. However, significant investment is required to redesign induction motors that can match the technological sophistication of newer alternatives without sacrificing cost-effectiveness. For many manufacturers—especially those catering to legacy industries—such transitions pose strategic and financial challenges. The result is a bifurcated market in which induction motors continue to dominate low-cost, rugged applications, but lose ground in high-tech sectors, thereby constraining overall growth and future relevance unless concerted innovation and market repositioning efforts are undertaken.

Key Market Trends

Integration of Smart Motor Technologies

A prominent trend shaping the induction motors market is the integration of smart motor technologies and digital connectivity features, which are increasingly becoming standard in modern industrial environments. With the global shift toward Industry 4.0, manufacturers are leveraging smart induction motors equipped with sensors and connectivity modules to enable real-time condition monitoring, predictive maintenance, and remote diagnostics. These intelligent systems offer enhanced operational transparency and performance optimization, reducing unplanned downtime and improving overall equipment effectiveness (OEE). The adoption of Internet of Things (IoT) platforms and industrial automation solutions is pushing traditional motor systems to evolve into cyber-physical assets capable of communicating data across enterprise networks. For instance, smart induction motors embedded with vibration, temperature, and current sensors can provide early warning signals of impending failures, allowing for timely intervention and cost savings.

This shift is particularly relevant in process industries such as oil and gas, water treatment, and manufacturing, where equipment uptime and reliability are mission-critical. Moreover, cloud-based analytics platforms and digital twins are being increasingly used in conjunction with smart induction motors to simulate real-world performance scenarios, helping to refine asset utilization strategies and energy efficiency.

The availability of edge computing and AI-powered diagnostics is further accelerating the transition to smart motor infrastructure. Vendors are responding by developing retrofitting kits and modular smart components that can be easily integrated into existing motor systems, making it economically viable for legacy industries to upgrade. This trend not only reflects the market’s alignment with broader digital transformation goals but also opens up new revenue streams for OEMs through service-based business models, such as motor-as-a-service (MaaS) offerings. Consequently, the convergence of smart technologies with induction motors is redefining traditional use cases and unlocking new opportunities across industrial sectors, paving the way for more intelligent, efficient, and scalable motor systems in the global market.

Rising Adoption of Energy-Efficient Motor

Another key trend influencing the induction motors market is the rising adoption of energy-efficient motor standards, which is driving a major wave of product innovation and market differentiation. As governments and regulatory bodies around the world push for stricter energy efficiency norms, such as the Minimum Energy Performance Standards (MEPS) and the IE3/IE4 classifications under the International Electrotechnical Commission (IEC), manufacturers are under pressure to develop motors that comply with these rigorous requirements. This is leading to the rapid commercialization of high-efficiency induction motors, particularly in sectors such as HVAC, pumps, compressors, and conveyors where motors operate for extended durations and energy consumption is a major cost factor. The growing emphasis on sustainability and carbon footprint reduction is prompting industries to replace outdated motors with newer, more efficient models, thereby creating a robust demand for retrofitting and energy audits.

In parallel, utility programs and government incentives aimed at promoting the use of energy-efficient equipment—such as rebates, tax credits, and low-interest financing—are accelerating the adoption of IE3 and IE4 induction motors, especially in developed regions like North America and Europe. Additionally, advancements in motor design and manufacturing, including the use of high-grade magnetic materials, optimized rotor-stator configurations, and superior insulation techniques, are contributing to the development of compact and thermally efficient induction motors with improved power factor and reduced total harmonic distortion (THD). The trend is also fostering a competitive environment among motor manufacturers, who are differentiating themselves based on efficiency ratings, lifecycle cost advantages, and environmental compliance.

As a result, energy-efficient induction motors are no longer niche products but have become a central focus of market innovation and procurement strategies. This shift is fundamentally transforming customer expectations, emphasizing not just performance and durability but also lifecycle energy savings and environmental stewardship, thereby reshaping product development and go-to-market strategies across the induction motor industry.

Evolution of the Induction Motors

A significant trend driving the evolution of the induction motors market is the expanding application scope in electric vehicles (EVs), renewable energy systems, and emerging infrastructure projects, which are broadening the market’s relevance beyond traditional industrial settings. In the EV sector, while permanent magnet motors currently dominate due to their high torque density and efficiency, induction motors—especially AC induction types—are gaining attention for their lower cost, robust thermal tolerance, and lack of reliance on rare-earth materials, which are subject to supply volatility. Tesla’s early use of AC induction motors in its vehicles demonstrated the viability of these motors in demanding traction applications, and ongoing innovations in power electronics and motor control algorithms are making induction motors more competitive in terms of weight-to-power ratio and energy efficiency.

In renewable energy, particularly wind and hydropower systems, induction generators are frequently used due to their ability to operate under varying load conditions and their relative simplicity in maintenance. Furthermore, infrastructure expansion in developing economies—spanning railways, water distribution, commercial buildings, and rural electrification—continues to generate strong demand for robust and cost-effective motor solutions, with induction motors often emerging as the preferred choice due to their durability and low operational costs. Additionally, the increasing use of induction motors in agricultural applications, such as irrigation pumps, grain elevators, and automated feed systems, is being driven by the mechanization of farming practices, especially in countries like India, Brazil, and China.

The scalability and adaptability of induction motors to both low-voltage and high-voltage systems make them ideal for a wide array of deployment scenarios. Governments and multilateral organizations supporting rural electrification and industrialization initiatives are also boosting the market through subsidies, infrastructure grants, and technology transfer programs. As a result, the induction motor market is witnessing a diversification of application domains, reinforcing its foundational role across both legacy and emerging sectors, and ensuring long-term growth supported by global electrification and sustainability megatrends.

Segmental Insights

Type Insights

The Single-Phase Induction Motor segment held the largest Market share in 2024. A key market driver propelling the growth of the single-phase induction motor segment within the broader induction motors market is the surging demand for compact, cost-effective, and energy-efficient motor solutions across residential, commercial, and light industrial applications. Single-phase induction motors, known for their simplicity, ruggedness, and ease of maintenance, are widely used in household appliances such as refrigerators, air conditioners, washing machines, ceiling fans, and water pumps—applications that require moderate power output and where three-phase power is not available. With rapid urbanization and rising disposable incomes, particularly in developing economies like India, Brazil, and Southeast Asia, there has been a sharp increase in the consumption of household electrical appliances, thereby fueling the demand for single-phase induction motors.

Government-led rural electrification programs and infrastructure development projects are expanding the reach of electricity to remote areas, creating a favorable environment for the proliferation of single-phase power systems, which in turn drives the uptake of single-phase induction motors. Their operational compatibility with standard residential voltage supplies (typically 110V to 240V) makes them ideal for off-grid or semi-urban locations, further enhancing their relevance. In the agricultural sector, small-scale farmers are increasingly relying on these motors for low-power irrigation systems and grain processing equipment due to their affordability and robustness. Moreover, the ongoing focus on energy conservation has led to significant technological advancements in the design and efficiency of single-phase induction motors, such as the incorporation of energy-efficient copper rotors, improved stator windings, and enhanced thermal management systems.

These innovations not only reduce energy consumption but also extend the operational lifespan of the motors, making them more attractive for consumers and businesses aiming to lower operational costs. The proliferation of smart home technologies and automation systems is also creating new opportunities for these motors, as they are now being integrated into devices with digital controllers and variable frequency drives (VFDs) that allow for greater energy control and optimization. In commercial spaces such as small retail outlets, office buildings, and educational institutions, single-phase induction motors are widely used in HVAC systems, elevators, and small machinery, where space and power limitations restrict the use of three-phase equipment. The rising trend of do-it-yourself (DIY) and home-based businesses is another factor supporting market growth, with entrepreneurs and small workshops increasingly utilizing compact motorized tools powered by single-phase induction motors.

Regulatory incentives and policy frameworks that encourage the use of energy-efficient appliances and motors are boosting manufacturer innovation and consumer adoption alike. As countries commit sustainability goals and seek to minimize electricity wastage, the push toward high-efficiency single-phase induction motors is likely to intensify, opening up lucrative opportunities for manufacturers to cater to both replacement demand and greenfield installations. In essence, the robust and multifaceted demand across residential, commercial, and light-duty industrial sectors—combined with favorable policy support and technological advancements firmly positioning the single-phase induction motor segment as a dynamic growth engine within the global induction motors market.

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Regional Insights

Largest Region

North America region held the largest market share in 2024. A significant market driver propelling the growth of the induction motors market in the North America region is the robust expansion of industrial automation and the modernization of manufacturing infrastructure, underpinned by the U.S. and Canada’s strategic focus on reshoring production and enhancing energy efficiency in key sectors. As North American manufacturers strive to maintain global competitiveness, they are increasingly investing in advanced machinery and intelligent systems that rely heavily on electric motors for operations such as pumping, conveying, ventilation, and motion control. Induction motors, known for their durability, reliability, and cost-effectiveness, are widely favored in these applications, particularly in industries like automotive, aerospace, food and beverage, HVAC, and oil and gas.

The growth of the Industrial Internet of Things (IIoT) and smart factories across the U.S. and Canada has further intensified demand for motors capable of integrating with sensors, controllers, and condition monitoring systems. This has led to a surge in the adoption of smart induction motors that offer real-time diagnostics, predictive maintenance, and energy consumption tracking. Additionally, the region’s strong regulatory framework promoting energy efficiency—such as U.S. Department of Energy (DOE) standards and Canada’s Minimum Energy Performance Standards (MEPS)—is encouraging industries to replace older, less efficient motors with high-efficiency IE3 and IE4-rated induction motors, fostering both market replacement and new installation growth. Moreover, generous federal and state-level incentives, including tax credits, energy-saving grants, and utility rebates, are driving adoption across small and medium-sized enterprises that previously struggled with the upfront costs of motor replacement.

The resurgence of domestic infrastructure development, driven by major federal investments such as the U.S. Infrastructure Investment and Jobs Act, is also boosting demand for induction motors in applications related to water and wastewater treatment, power distribution, and public transit systems. In parallel, North America’s proactive stance toward sustainability and carbon reduction goals is pushing large industrial consumers to adopt energy-efficient motor solutions to meet internal ESG (Environmental, Social, and Governance) benchmarks and comply with carbon reporting standards. The rising demand for HVAC systems in commercial and residential buildings—fueled by urbanization and the need for energy optimization—is another key factor supporting the steady uptake of induction motors across the region. Furthermore, a well-established ecosystem of local manufacturers, distributors, and aftermarket service providers ensures the widespread availability and support of induction motor products, reducing lead times and enabling quicker project turnarounds.

Technological advancements in variable frequency drives (VFDs), which enhance the flexibility and efficiency of induction motors in variable load conditions, are also contributing to their broader deployment in automation-driven applications. Collectively, these dynamics—rooted in industrial revitalization, regulatory compliance, energy conservation, and infrastructure investment—are creating a favorable environment for the sustained growth of the induction motors market in North America, positioning it as one of the most mature yet continually evolving markets globally for electric motor technologies.

Emerging region:

South America is the emerging region in Induction Motors Market. A key market driver propelling the growth of the induction motors market in South America—an emerging region with significant industrial and infrastructural development potential—is the accelerating pace of urbanization and industrialization, particularly in countries like Brazil, Argentina, Colombia, and Chile, which is spurring demand across sectors such as manufacturing, mining, agriculture, water management, and energy. As South American economies increasingly prioritize modernization of their production and infrastructure facilities, induction motors are becoming indispensable due to their rugged construction, cost-effectiveness, and reliability in a wide range of operational conditions.

The manufacturing sector in Brazil, for example, which includes automotive, food processing, and textile industries, is undergoing automation and efficiency upgrades, creating robust demand for motor-driven equipment such as conveyors, compressors, fans, and pumps—areas where induction motors are a preferred choice due to their durability and adaptability to variable loads. Moreover, the region's significant reliance on agriculture and agro-processing industries, especially in Brazil and Argentina, is also bolstering the adoption of induction motors in irrigation systems, milling machinery, and cold storage facilities.

The expansion of mining operations in Chile and Peru, with increased extraction of lithium, copper, and other valuable resources, further fuels the need for heavy-duty, explosion-proof, and energy-efficient motors capable of operating in harsh environments—conditions that induction motors are well suited to endure. In parallel, government-backed infrastructure projects, including the expansion of water treatment plants, public transportation systems, and renewable energy installations, are also contributing to the surge in motor demand. South American nations are investing in hydropower and wind energy, both of which utilize induction generators for power conversion and grid integration. These developments are further supported by regional initiatives aimed at improving energy access in rural and underserved communities, where rugged and low-maintenance induction motors are ideal for decentralised power and water systems.

The growing awareness of energy efficiency and environmental standards—especially in Brazil, which has implemented minimum efficiency performance standards (MEPS)—is prompting industries to upgrade to high-efficiency IE2 and IE3 motors, spurring both replacement and retrofit opportunities. Multinational motor manufacturers are increasingly targeting South America with localized production, after-sales support, and affordable motor variants to cater to the region’s cost-sensitive yet expanding customer base. The availability of credit financing for industrial equipment, coupled with favorable trade agreements within MERCOSUR and increased foreign direct investment (FDI), also plays a catalytic role in enabling wider access to induction motor solutions. Additionally, the presence of a large informal sector and small- to medium-sized enterprises (SMEs) across the region supports steady demand for basic, three-phase and single-phase induction motors for localized manufacturing, repair workshops, and utility services.

As digitalization and Industry 4.0 initiatives begin to permeate the region—albeit at a gradual pace—there is also growing interest in smart induction motors with embedded sensors and remote monitoring capabilities, further expanding the technological and commercial scope of the market. Collectively, these factors establish South America not only as a growing consumer base for induction motors but also as a strategic growth frontier, where economic transformation and infrastructure modernization are key forces driving market momentum.

Recent Developments

• In October 2024, Nidec Motor Corporation (NMC), a wholly owned subsidiary of Nidec Corporation, announced the establishment of a strategic supply partnership with Ashok Leyland (AL), the flagship automotive brand of the Hinduja Group in India. Under this agreement, NMC will supply its advanced electric motor-controller system (E-Drive) to support the growing momentum of vehicle electrification in both domestic and international markets. This collaboration reflects the increasing global demand for electrified mobility solutions and reinforces both companies’ commitment to sustainable transportation innovation.
• In March 2024, ABB introduced its Baldor-Reliance Super Premium Efficient SP4 motors, engineered to deliver superior energy efficiency and reduced operational costs. These motors not only meet but exceed the IE4 international energy efficiency standards, positioning them among the top-tier industrial motor solutions available globally. Designed for high-performance industrial applications, the SP4 motors are built with an emphasis on durability, reliability, and adaptability across diverse operational environments, aligning with ABB’s broader strategy of promoting energy-efficient technologies.
• In August 2023, a study published on ResearchGate by the University of California, Berkeley revealed that implementing wireless control systems for induction motors could yield energy savings of up to 20%. This finding underscores the potential of integrating wireless technologies into industrial motor control systems, offering a pathway for enhanced energy optimization and cost reduction across multiple industrial sectors.
• In July 2023, ABB unveiled its next-generation AMI 5800 NEMA modular induction motor, designed specifically to meet the rigorous performance demands of critical applications including pumps, compressors, fans, extruders, conveyors, and crushers. The AMI 5800 represents a true NEMA-compliant design that leverages ABB’s technological leadership in the North American market. The motor aligns with both stringent electrical performance benchmarks and established mechanical mounting standards, offering a robust and efficient solution for high-demand industrial environments. 
• In December 2024, ABB completed the acquisition of Aurora Motors, a USD 4 million U.S. vertical pump motors provider with operations in Shanghai and a distribution center in Hayward, California. This acquisition supports ABB Motion Business Area’s growth strategy by enhancing the NEMA Motors Division’s product range, supply chain, and global customer support. The global NEMA motor industry, valued at USD 3.4 billion, serves key sectors including food and beverage, oil and gas, mining, and water treatment.
• In October 2024, Siemens launched SIMOCODE M-CP, a compact, efficient motor management product series designed for motor control centers (MCC). This advanced solution enhances the SIMOCODE portfolio with Ethernet compatibility and customizable functions via licenses. SIMOCODE M-CP ensures precise motor control, monitoring, and protection against electrical faults. It serves diverse industries including chemicals, infrastructure, mining, steel, pulp and paper, and water and wastewater treatment.
• In May 2024, Kato Engineering and Leroy-Somer began transitioning to Nidec Power, reflecting a strategic brand elevation. With over 123 years of combined experience, this move aligns with their commitment to innovation and market leadership. Products and services remain unchanged in quality and support. The rebranding enhances collaboration with Nidec, leveraging its global resources to expand opportunities, strengthen stakeholder relationships, and deliver a more efficient and effective customer experience.

Key Market Players

• ABB Ltd
• Emerson Electric Co.
• AMETEK.Inc.
• Siemens AG
• NIDEC Corporation
• Toshiba Corporation
• Danaher Corporation
• Johnson Electric Group
• Regal Rexnord Corporation
• WEG SA

Report Scope:

In this report, the Global Induction Motors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Induction Motors Market, By Type:

o   Single-Phase Induction Motor

o   Three-Phase Induction Motor  

• Induction Motors Market, By Application:

o   Residential

o   Commercial

o   Industrial  

• Induction Motors Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Induction Motors Market.

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