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Europe Induction Motors Market Forecast 2019-2027

The growing demand for electric vehicles coupled with the technological advancements in the induction motors are opening new avenues for the induction motor market. For the anticipated period of 2019-2027, the Europe induction motors market is anticipated to display a CAGR of 11.71%.

The induction motors are budget-friendly when compared to synchronous and DC motors due to their modest design. So, the induction motor is highly preferred for fixed speed applications where AC line power can be easily attached such as in industrial, commercial and domestic applications. Also, the economic cost of the induction motor is a major factor that favors the growth of the company thereby helping the market to grow.
Advancements in the induction motor market, for instance, the introduction of the copper rotor induction motor serves as a strong alternative to the synchronous motor used in electric vehicles. The development of mass production techniques for copper rotor die-casting has enabled induction motors to be highly energy-efficient.
Induction motors in residential applications are used for smaller loads such as in household appliances like small fans, mixers, washing machines, centrifugal pumps, high-speed vacuum cleaners, etc.

Regal Beloit Corporation, Brook Crompton Company, Ametek Advanced Motion Solutions, Fuji Electric Co., Ltd., MMC Electric Company Pvt. Ltd. (Dynaflux), General Electric Company, Danaher Corporation, Rockwell Automation, Inc., Siemens AG, ABB Ltd. (Asea Brown Boveri), Kirloskar Electric Co. Ltd., Johnson Electric, WEG Electric Corporation and Oriental Motor Corporation are the companies mentioned in the report.
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Europe Induction Motors Market Forecast 2019-2027
Published By :Inkwood Research
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