Global Asynchronous Motor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Three-Phase Asynchronous Motor, and Single-phase Asynchronous Motor.

By End-user;

Industrial, Automotive, Residential, and Commercial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn891076819 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Asynchronous Motor Market (USD Million), 2021 - 2031

In the year 2024, the Global Asynchronous Motor Market was valued at USD 15940.16 million. The size of this market is expected to increase to USD 23968.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

Asynchronous motors, also known as induction motors, play a crucial role across various industries due to their robustness, reliability, and versatility. These motors find extensive applications in sectors such as manufacturing, automotive, aerospace, and HVAC, among others. The market's growth is propelled by several factors including the increasing industrialization in emerging economies, technological advancements in motor design and control systems, and the rising demand for energy-efficient solutions. Stringent regulations regarding energy efficiency and environmental sustainability are pushing industries to adopt asynchronous motors as they offer lower energy consumption and reduced carbon footprint compared to their counterparts.

The market is witnessing a paradigm shift towards Industry 4.0 and automation, leading to a surge in the adoption of asynchronous motors integrated with advanced control systems and IoT capabilities. These smart motors enable real-time monitoring, predictive maintenance, and optimization of industrial processes, thereby enhancing operational efficiency and reducing downtime. The growing trend towards electric vehicles (EVs) and renewable energy sources presents lucrative opportunities for the asynchronous motor market. Asynchronous motors play a crucial role in EV propulsion systems and wind turbine generators, driving the demand for these motors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-user
    3. Market Snapshot, By Region
  4. Global Tire Curing Press Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for renewable energy solutions
        2. Urbanization and infrastructure development spur demand
        3. Adoption of asynchronous motors in robotics
        4. Expansion of the mining and oil & gas sectors
      2. Restraints
        1. Reluctance to replace existing motors
        2. Technological limitations in motor design
        3. Concerns about motor reliability and durability
      3. Opportunities
        1. Development of smart motor technologies
        2. Integration of motors in IoT system
        3. Expansion of electric vehicle charging infrastructure
        4. Increasing demand for energy-efficient motors
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tire Curing Press Market, By Type, 2021 - 2031 (USD Million)
      1. Three-phase Asynchronous Motor
      2. Single-phase Asynchronous Motor
    2. Global Tire Curing Press Market, By End-user, 2021 - 2031 (USD Million)
      1. Industrial
      2. Automotive
      3. Residential
      4. Commercial
    3. Global Tire Curing Press Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. ABB Ltd.
      2. General Electric Co.
      3. Hitachi Ltd.
      4. Nidec Corp.
      5. Regal Beloit Corp.
      6. Siemens AG
  7. Analyst Views
  8. Future Outlook of the Market