How big is the Induction Motor Market?

The Induction Motor Market size is expected to reach USD 20.83 billion in 2024 and grow at a CAGR of 6.12% to reach USD 28.04 billion by 2029. Read More

What is the current Induction Motor Market size?

In 2024, the Induction Motor Market size is expected to reach USD 20.83 billion. Read More

Who are the key players in Induction Motor Market?

ABB Ltd, Siemens AG, WEG Electric Corp., Rockwell Automation Inc. and Nidec Motor Corporation are the major companies operating in the Induction Motor Market. Read More

Which is the fastest growing region in Induction Motor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Induction Motor Market?

In 2024, the North America accounts for the largest market share in Induction Motor Market. Read More

What years does this Induction Motor Market cover, and what was the market size in 2023?

In 2023, the Induction Motor Market size was estimated at USD 19.63 billion. The report covers the Induction Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Induction Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Induction Motor Companies - Top Company List

Induction Motor Companies

This report lists the top Induction Motor companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Induction Motor industry.