Induction motor, also called as asynchronous motor is an AC electric motor based on the principle of induction where the electric current required in the rotor to generate torque is obtained by electromagnetic induction from the magnetic field of stator winding. Hence an induction motor can be made without electrical connection to the rotor. It is one of the most commonly used electric motor. The global demand for induction motor market is poised to flourish because it is economic cost and low maintenance.
The growing market for induction motor is driven by factors like reliability, carry smaller loads, low maintenance, growing demand of electric vehicles, increase in need for power saving households, manufacturing and energy infrastructure. Further reducing greenhouse gas emission is driving the market of induction motor. The global market of induction motor is expected to boom because of government’s initiatives and benefits developed and developing countries, which in turn is encouraging the manufactures to invest in induction motor market.
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Top Leading Induction Motor Market Players:
- ABB Ltd.
- Baldor Electric Company
- Emerson Electric Company
- Kirloskar Electric Company
- Marathon Electric
- Nidec Motor Corporation
- Regal Beloit Corporation
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
Induction Motor Market- Global Analysis to 2027 is an exclusive and in-depth study which provides a comprehensive view of the market includes the current trend and future amplitude of the market with respect to the products/services. The report provides an overview of the Induction Motor Market with the detailed segmentation by type, application, and region through in-depth traction analysis of the overall virtual reality industry. This report provides qualified research on the market to evaluate the key players by calibrating all the relevant products/services to understand the positioning of the major players in Induction Motor Market.
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