![Global Induction Motors Market](https://res.cloudinary.com/devmoveo/image/upload/v1712320800/skyquest/gallery/global-induction-motors-market.jpg)
Report ID: SQMIG10A2031
Report ID:
SQMIG10A2031 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
145 |
Figures:
78
The Asia-Pacific region is expected to dominate the global induction motor market. The tremendous growth in the number of manufacturing and engineering units has led to a high demand for induction motors. Induction motors are used in fans, blowers, mechanical equipment, compressors, pumps, conveyors, bulldozers etc. The development of railways, metros and bullet trains requires induction motors for stable and reliable operation. Rural economies are based on agricultural techniques, especially induction motors for manufacturing. Rapid urbanization has increased the demand for elevators and escalators which in turn has increased the demand for induction motors.
Induction motors are also used in everyday applications like water pumps, kitchen appliances, fans, air conditioners, automobiles etc. Increase in the number of electrical appliances has also increased the sales of induction motors. resulting in similar scenarios in America and Africa and because of this the induction motor market will grow rapidly. The global induction motor market in Europe and North America is anticipated to witness steady growth.
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Report ID: SQMIG10A2031