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).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.
Global Asynchronous Motor Market Recent Developments
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In April 2023, Siemens launched a new line of high-efficiency asynchronous motors for industrial applications, aiming to reduce energy consumption significantly.
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In December 2022, Asia-Pacific recorded high growth in demand for asynchronous motors due to the expansion of manufacturing and infrastructure development projects.
Segment Analysis
The Global Asynchronous Motor Market is segmented by type into Three-phase Asynchronous Motor and Single-phase Asynchronous Motor, catering to diverse industrial and residential applications. Three-phase motors, known for their robustness and efficiency, find extensive use in industrial sectors where continuous and high-power operations are required. Single-phase motors, characterized by their simplicity and affordability, are commonly utilized in residential applications for powering household appliances and small machinery.
The market is segmented by end-user into Industrial, Automotive, Residential, and Commercial segments, reflecting the wide-ranging applications of asynchronous motors across diverse industries and settings. In the industrial sector, asynchronous motors power heavy machinery, conveyor systems, pumps, and compressors, driving productivity and efficiency. In the automotive sector, these motors are utilized in electric vehicles and various automotive components, contributing to the transition towards greener transportation solutions. In residential and commercial settings, asynchronous motors power household appliances, HVAC systems, fans, and pumps, providing essential functionality and comfort.
Global Asynchronous Motor Segment Analysis
In this report, the Global Asynchronous Motor Market has been segmented by End-user and Geography.
Global Asynchronous Motor Market, By Type
The Global Asynchronous Motor Market has been segmented by Type into Three-phase Asynchronous Motor, and Single-phase Asynchronous Motor.
Three-phase asynchronous motors are widely utilized in various industrial applications due to their robustness, reliability, and efficiency. These motors are commonly found in pumps, compressors, conveyors, fans, and other heavy-duty machinery where continuous and stable operation is crucial. With their ability to handle high starting torque and variable speed requirements, three-phase asynchronous motors are favored in industrial settings for their superior performance and versatility.
Single-phase asynchronous motors cater to applications where three-phase power supply is not readily available or where simpler machinery is employed. These motors find widespread use in household appliances such as washing machines, refrigerators, air conditioners, and small power tools. Single-phase asynchronous motors offer cost-effective solutions for low to moderate power requirements and are valued for their compact size, ease of installation, and relatively simple control mechanisms.
Global Asynchronous Motor Market, By End-user
The Global Asynchronous Motor Market has been segmented by End-user into Industrial, Automotive, Residential and Commercial.
In the Industrial sector, asynchronous motors find extensive use in various manufacturing processes, including machinery, conveyors, pumps, and compressors. Their robust design, reliability, and ability to operate under varying load conditions make them indispensable in industrial settings where continuous operation and high torque are essential. The automotive sector utilizes asynchronous motors in various applications, such as electric power steering, HVAC systems, and engine cooling fans. With the automotive industry's increasing focus on electric and hybrid vehicles, the demand for asynchronous motors is poised to grow significantly as they offer efficient and cost-effective solutions for propulsion and auxiliary systems.
Asynchronous motors play a crucial role in the Residential and Commercial sectors, powering a wide range of appliances and equipment. In residential applications, these motors drive household appliances like washing machines, refrigerators, air conditioners, and ceiling fans. Their energy efficiency, reliability, and cost-effectiveness make them ideal for everyday use, contributing to improved energy savings and reduced environmental impact. In the commercial sector, asynchronous motors are employed in various HVAC systems, pumps, fans, and escalators, supporting the smooth operation of buildings, offices, shopping malls, and other commercial establishments.
Global Asynchronous Motor Market, By Geography
In this report, the Global Asynchronous Motor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Asynchronous Motor Market Share (%), by Geographical Region, 2024
In North America, the asynchronous motor market benefits from a mature industrial sector, particularly in sectors like manufacturing, automotive, and aerospace. Additionally, the region's focus on energy efficiency and sustainability drives the adoption of asynchronous motors across various applications, from HVAC systems to industrial machinery, contributing to market growth. Europe stands as a key player in the global asynchronous motor market, propelled by stringent energy efficiency regulations and the region's commitment to reducing carbon emissions.
With a strong emphasis on renewable energy integration and industrial automation, European countries drive the demand for high-performance asynchronous motors in sectors such as automotive, renewable energy, and robotics. The Asia Pacific region exhibits significant growth potential for asynchronous motors, driven by rapid industrialization, urbanization, and infrastructure development. As countries in this region invest in modernizing their manufacturing facilities and expanding their renewable energy capacities, the demand for energy-efficient asynchronous motors is expected to soar, positioning the region as a lucrative market for asynchronous motor manufacturers.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Asynchronous Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Drivers, Restraints and Opportunity Analysis
Drivers
- Rising demand for renewable energy solutions
- Urbanization and infrastructure development spur demand
- Adoption of asynchronous motors in robotics
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Expansion of the mining and oil & gas sectors - Both industries heavily rely on machinery and equipment driven by asynchronous motors for various operations. In mining, asynchronous motors power equipment like crushers, conveyors, and pumps, essential for material handling and extraction processes. The sector's expansion, driven by growing demand for minerals and metals globally, directly translates to increased demand for asynchronous motors.
Advancements in mining technologies, such as automation and electrification, further stimulate the need for efficient and reliable motors, driving market growth. In the oil & gas sector, asynchronous motors play a crucial role in powering pumps, compressors, and drilling rigs, facilitating exploration, production, and transportation activities. As the global demand for energy continues to rise, driven by population growth and industrialization, the oil & gas sector undergoes expansion to meet these demands, consequently bolstering the demand for asynchronous motors.
Restraints
- Reluctance to replace existing motors
- Technological limitations in motor design
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Concerns about motor reliability and durability - End-users, particularly in industrial settings, rely heavily on asynchronous motors for critical operations. There exists apprehension about the longevity and robustness of these motors, especially in demanding environments. Issues such as wear and tear, mechanical stress, and thermal management challenges can impact the reliability of asynchronous motors over time. Manufacturers and consumers alike are keenly aware of the potential consequences of motor failures, including costly downtime, production losses, and safety hazards.
As a result, ensuring the durability and reliability of asynchronous motors has become a paramount concern driving technological advancements and product innovation in the market. To address these concerns effectively, industry stakeholders are investing in research and development efforts focused on enhancing the reliability and durability of asynchronous motors. This includes advancements in motor design, materials, and manufacturing processes aimed at improving performance under diverse operating conditions.
Opportunities
- Development of smart motor technologies
- Integration of motors in IoT system
- Expansion of electric vehicle charging infrastructure
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Increasing demand for energy-efficient motors - With a growing emphasis on sustainability and energy conservation across industries worldwide, there's a notable shift towards the adoption of motors that offer improved energy efficiency. Asynchronous motors, known for their reliability and energy-saving capabilities, are witnessing heightened demand across various applications, from industrial machinery to HVAC systems and electric vehicles.
As governments worldwide implement stringent energy efficiency regulations and incentivize the adoption of eco-friendly technologies, the demand for energy-efficient asynchronous motors is expected to escalate. Industries are proactively seeking asynchronous motors that not only comply with regulatory standards but also offer tangible benefits such as reduced energy consumption and lower operating costs over the long term.
Competitive Landscape Analysis
Key players in Global Asynchronous Motor Market include
- ABB Ltd.
- General Electric Co.
- Hitachi Ltd.
- Nidec Corp.
- Regal Beloit Corp.
- Siemens AG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By End-user
- Market Snapshot, By Region
- Global Tire Curing Press Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising demand for renewable energy solutions
- Urbanization and infrastructure development spur demand
- Adoption of asynchronous motors in robotics
- Expansion of the mining and oil & gas sectors
- Restraints
- Reluctance to replace existing motors
- Technological limitations in motor design
- Concerns about motor reliability and durability
- Opportunities
- Development of smart motor technologies
- Integration of motors in IoT system
- Expansion of electric vehicle charging infrastructure
- Increasing demand for energy-efficient motors
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Tire Curing Press Market, By Type, 2021 - 2031 (USD Million)
- Three-phase Asynchronous Motor
- Single-phase Asynchronous Motor
- Global Tire Curing Press Market, By End-user, 2021 - 2031 (USD Million)
- Industrial
- Automotive
- Residential
- Commercial
- Global Tire Curing Press Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Tire Curing Press Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- ABB Ltd.
- General Electric Co.
- Hitachi Ltd.
- Nidec Corp.
- Regal Beloit Corp.
- Siemens AG
- Company Profiles
- Analyst Views
- Future Outlook of the Market