EUROPE INDUCTION MOTORS MARKET FORECAST 2023-2032

The Europe induction motors market growth study constitutes the analysis of the United Kingdom, Germany, France, Italy, Spain, and Rest of Europe. The rapidly-developing manufacturing industry in the United Kingdom is expected to create lucrative growth opportunities for the induction motors market in the country. As per the Office for National Statistics (ONS), the United Kingdom’s manufacturing sector contributed to 25% of the gross domestic product (GDP), with the country ranked as the 8th largest manufacturing nation globally. 

On the other hand, induction motors have transformed industries in France, transitioning from a manual to a highly mechanized and automated sector. Moreover, induction motors also play an important role in converting electrical energy in order to operate several mechanical machinery. According to the United Nations Conference on Trade and Development (UNCTAD), France was ranked 7th in terms of overall manufacturing output, thereby further propelling the demand for induction motors over the upcoming years. Hence, these factors are set to be influential in augmenting the market growth in Europe during the forecast period.

The Europe induction motors market is segmented into type and application. The type segment includes single-phase induction motor and three-phase induction motor. The significant growth of the three-phase induction motor segment is mainly fuelled by the rising industrial as well as commercial sectors. Also, some of the top applications of three-phase induction motors include large-capacity exhaust fans, heating, ventilating and air conditioning (HVAC) equipment, lifts, computer hard drives, driving lathe machines, etc.

As per the Institute of Electrical and Electronics Engineers (IEEE), the development of two-phase soft start control of three-phase induction motors holds the potential to minimize the amount of starting torque fluctuations as well as starting current. Moreover, it utilizes a closed-loop type of control for voltage as well as current in order to facilitate the induction motor’s balanced operation while starting.

Some of the main companies operating in the Europe induction motors market include ABB Ltd, Siemens AG, etc.

ABB Ltd, headquartered in Switzerland, is a global provider of power and automation technologies. The company offers systems, products, solutions, as well as services that enable improved productivity, enhance the energy efficiency, and increase power reliability. ABB Ltd caters to gas and water utilities, electric, as well as industrial and commercial customers.

The company’s business is classified into four segments, namely, electrification products, power grids, process automation, and discrete automation and motion. It predominantly operates in Europe, the Americas, Asia, and the Middle East & Africa.