Asynchronous Motors Market Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Overview:

Electric motors are the prime movers which are used across different industry verticals such as manufacturing sector, power generation, construction and mining, automobile and many others. Electric motors offer exceptional advantages such as high efficiency, long life, low maintenance and low initial cost. These are available in wide varieties including AC motors, DC motors, induction motors, synchronous motors and many others. Heavy industries such as manufacturing, construction and mining, oil and gas sector require arobust, sturdy and economical motor capable of working in hostile environment. An asynchronous motor aptly suits these needsand henceare extensively used across the above mentioned industries.

An asynchronous motor also known as induction motor can be single phase or three phase AC motor.The rotor torque is obtained using electromagnetic induction from the stator winding. The motor is termed as 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 is simple and cost effective.

Asynchronous motors are used in variety of applications such as compressors, elevators, heavy duty cranes, lathe machines, conveyors and others. With growth in industrial sectors, requirement of 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 house hold appliances, fans, blowers, pumps and many others. With the increase in demand for consumer products and domestic appliances (as a result of 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:

• By Phases
  • Single phase
  • Three phase
• By End-use
  • Industrial
  • Oil and Gas
  • Manufacturing
  • Mining
  • Chemical and petrochemicals
  • Others
  • Commercial
  • Residential
• Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • CIS Countries
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • North AfricaSouth Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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 Companyand others.

This report offers:

• An overview of the global markets for Asynchronous motors.
• Market trends assessment for the period 2013 - 2023, with historical information for 2013 to 2015, and projections through 2023, with respective CAGR 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 highlighting key information about the major players operating.