Electric motors are the prime movers, which are used across different industry verticals such as the manufacturing sector, power generation, construction and mining, automobiles, and many others. Electric motors offer exceptional advantages such as high efficiency, long life, low maintenance, and a low initial cost.
These are available in wide varieties, including A.C. motors, D.C. motors, induction motors, synchronous motors, and many others. Heavy industries such as manufacturing, construction, mining, and the oil and gas sector require a robust, sturdy, and an economical motor capable of working in hostile environments. An asynchronous motor aptly suits these needs and is hence extensively used across the above-mentioned industries.
An asynchronous motor, also known as an induction motor, can be a single-phase or three-phase A.C. motor. The rotor torque is obtained using electromagnetic induction from the stator winding. The motor is termed an asynchronous motor as the speed of the rotor never attains the speed of electromagnetic induction. These motors are simple in construction. The motor does not require brushes, slip rings, or commutators with any external power source for starting. Consequently, the manufacturing, as well as use of these motors are simple and cost-effective.
Asynchronous motors are used in a variety of applications, such as compressors, elevators, heavy-duty cranes, lathe machines, conveyors, and others. With the growth in industrial sectors, the requirement for the above application is set to rise in the coming years. Meeting these application needs, asynchronous motors market growth is expected to remain consistent during the forecast period.
In addition, asynchronous motors find application in consumer products, including household appliances, fans, blowers, pumps, and many others. With the increase in demand for consumer products and domestic appliances (as a result of the ever-rising number of households), asynchronous motors market growth is expected to remain persistent throughout the forecast period.
The global asynchronous motors market is segmented on the following bases:
- Oil and gas
- Chemicals and petrochemicals
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified for the asynchronous motors market include, but are not limited to:
Marathon Electric, Kirloskar Electric Company, Regal Beloit Corporation, ABB Ltd., Emerson Electric Company, Schneider Electric SE, Siemens AG, and Baldor Electric Company, among others.
This report offers the following:
- An overview of the global markets for asynchronous motors
- Market trends assessment for the period 2013–2023, with historical information for 2013–2015 and projections through 2023, with respective CAGRs during 2016–2023.
- Qualitative assessment tools such as market drivers, challenges, and future prospects in the market
- Market competition scrutiny tools such as market positioning analysis
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating.