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

By Type;

Single-Phase and Three-Phase.

By Application;

Biomechanical Research & Medical, Industrial, Commercial, and Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn038024607 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Induction Motor Market was valued at USD 23,608.15 million. The size of this market is expected to increase to USD 42,060.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.

The global induction motor market has witnessed significant growth in recent years, driven by increasing industrialization, automation, and the adoption of energy-efficient technologies. Induction motors are widely utilized across various sectors such as manufacturing, automotive, residential, and commercial applications due to their reliability, robustness, and cost-effectiveness. These motors operate based on electromagnetic induction principles, where alternating current (AC) generates a rotating magnetic field, thereby inducing rotational motion in the rotor.

Key factors contributing to the market's growth include the rising demand for HVAC systems, pumps, compressors, and other industrial machinery requiring reliable and efficient motor operations. Furthermore, stringent energy efficiency regulations and sustainability initiatives worldwide have propelled the adoption of induction motors over traditional alternatives. Manufacturers are increasingly focusing on innovations such as variable frequency drives (VFDs) and advanced materials to enhance motor efficiency and performance.

Asia Pacific dominates the induction motor market due to rapid industrialization, infrastructural development, and increasing investments in manufacturing sectors across countries like China, India, and Southeast Asia. North America and Europe also contribute significantly, driven by technological advancements and the replacement of older motor systems with energy-efficient models.

The induction motor market is poised for continued growth, supported by ongoing industrial automation trends, urbanization, and the need for energy conservation. However, challenges such as fluctuations in raw material prices and the availability of skilled labor for motor maintenance and repair remain pivotal considerations for market players navigating this dynamic landscape.

  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 Application
    3. Market Snapshot, By Region
  4. Global Induction Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Automation

        2. Increasing Demand for Electric Vehicles

        3. Maintenance Challenges

        4. Growth in Manufacturing Sector

      2. Restraints
        1. High Initial Investment Costs

        2. Market Saturation in Developed Regions

        3. Environmental Regulations

        4. Supply Chain Disruptions

      3. Opportunities
        1. Expansion in Emerging Markets

        2. Innovations in Motor Design

        3. Increasing Adoption of Electric Vehicles

        4. Retrofitting and Upgradation Demand

    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 Induction Motor Market, By Type, 2021 - 2031 (USD Million)
      1. Single-Phase
      2. Three-Phase
    2. Global Induction Motor Market, By Application, 2021 - 2031 (USD Million)
      1. Biomechanical Research and Medical
      2. Industrial
      3. Commercial
      4. Residential
    3. Global Induction Motor 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 ASEAN (Association of South East Asian Countries)
        6. 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
    1. Company Profiles
      1. Havells
      2. ABB
      3. Ametek
      4. Emerson Electric
      5. Siemens
      6. WEG
      7. Brook Crompton
      8. Danaher Corporation
      9. Johnson Electric Holdings
      10. Regal Rexnord
      11. Toshiba Corp.
      12. Hitachi Ltd.
  7. Analyst Views
  8. Future Outlook of the Market