NORTH AMERICA INDUCTION MOTORS MARKET FORECAST 2019-2027

The rising applications in the manufacturing industry coupled with technological advancements have helped the market to grow in North America. The North America induction motor market finds its applications in the residential, industrial and transportation industry. The regulatory requirements regarding the conservation of energy and eco-friendly motors will further drive the growth of the market in the forecast period 2019-2027 with a CAGR of 11.30%.

The usage of electric vehicles is favorable in the recent times as it converts electric energy, which is the key source of power, for propulsion of a vehicle, and electric motors converting electrical energy into mechanical energy and are also promoting a pollution free environment thereby giving a push to induction motor market in this region.

According to the International Energy Agency (IEA, France), the total number of electric cars functional on the road worldwide reached more than 3 million units in 2017, with an expansion of more than 50% as compared to 2016.

The rapid growth of residential coupled with urbanization has given rise to smart homes, household appliances, thereby helping the market to grow in this region.

Additionally, corporations in the Americas have started increasing their capital expenditure with new investments, which will help in the replacement of old induction motors with new energy-efficient induction motors.

ABB Ltd. (Asea Brown Boveri), Oriental Motors Corporation, Johnson Electric, Siemens AG, Regal Beloit Corporation, Danaher Corporation, Brook Crompton Company, Ametek Advanced Motion Solutions, and General Electric Company are dominating the induction motors market.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. TOP-DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. THREE PHASE SEGMENT ACCOUNTED FOR LARGEST REVENUE SHARE
      2. RESIDENTIAL SEGMENT TO WITNESS HIGHEST CAGR
      3. DEVELOPMENT OF CARBON NANOTUBE YARNS
  4. MARKET DYNAMICS
    1. ETYMOLOGY OF INDUCTION MOTORS
    2. PARENT MARKET ANALYSIS: AC MOTOR
    3. MARKET DEFINITION & SCOPE
    4. MARKET DRIVERS
      1. RISING DEMAND FOR ELECTRIC VEHICLES ACROSS THE WORLD
      2. AFFORDABLE PRICE OF INDUCTION MOTORS
      3. LOW MAINTENANCE COST AS COMPARE TO OTHER MOTORS
      4. TECHNOLOGICAL ADVANCEMENTS IN INDUCTION MOTORS
    5. MARKET RESTRAINTS
      1. HIGHLY FRAGMENTED MARKET
      2. HIGH INSTALLATION COST OF MANUFACTURING FACILITY
    6. MARKET OPPORTUNITIES
      1. SURGING AUTOMATION INDUSTRIES
      2. GROWING DEMAND FOR ENERGY-EFFICIENT MOTORS
    7. MARKET CHALLENGES
      1. VOLATILITY IN RAW MATERIAL PRICES
  5. MARKET BY TYPE
    1. SINGLE PHASE
    2. THREE PHASE
  6. MARKET BY APPLICATION
    1. COMMERCIAL
    2. INDUSTRIAL
    3. RESIDENTIAL
  7. KEY ANALYTICS
    1. PORTER’S FIVE FORCE MODEL
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE
      3. BARGAINING POWER OF SUPPLIERS
      4. BARGAINING POWER OF BUYERS
      5. THREAT OF COMPETITIVE RIVALRY
    2. KEY BUYING CRITERIA
      1. PRICE
      2. EFFICIENCY
      3. SPEED RATING
      4. INSULATION
    3. OPPORTUNITY MATRIX
    4. VENDOR LANDSCAPE
    5. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL SUPPLIERS
      2. MANUFACTURERS
      3. DISTRIBUTORS & RETAILERS
      4. END-USERS
    6. INVESTMENT ANALYSIS
      1. BY APPLICATION
      2. BY TYPE
  8. GEOGRAPHICAL ANALYSIS-NORTH AMERICA
    1. UNITED STATES
    2. CANADA
  9. COMPETITIVE LANDSCAPE
    1. MARKET SHARE ANALYSIS
    2. KEY COMPANY ANALYSIS
    3. CORPORATE STRATEGIES
      1. PRODUCT LAUNCH
      2. ROADMAP
    4. COMPANY PROFILES
      1. ABB LTD. (ASEA BROWN BOVERI)
      2. AMETEK ADVANCED MOTION SOLUTIONS
      3. BROOK CROMPTON COMPANY
      4. DANAHER CORPORATION
      5. FUJI ELECTRIC CO., LTD.
      6. GENERAL ELECTRIC COMPANY
      7. JOHNSON ELECTRIC
      8. KIRLOSKAR ELECTRIC CO. LTD.
      9. MMC ELECTRIC COMPANY PVT. LTD. (DYNAFLUX)
      10. NIDEC MOTOR CORPORATION
      11. ORIENTAL MOTOR CORPORATION
      12. REGAL BELOIT CORPORATION
      13. ROCKWELL AUTOMATION, INC.
      14. SIEMENS AG
      15. WEG ELECTRIC CORPORATION
LIST OF TABLES

TABLE 1: NORTH AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2017 (MONTH-WISE SALES)

TABLE 3: COUNTRY-WISE STOCK TARGETS OF ELECTRIC VEHICLE TILL 2020

TABLE 4: COMPARISON BETWEEN SYNCHRONOUS & 3-PHASE INDUCTION MOTORS

TABLE 5: CONTRAST BETWEEN DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES

TABLE 6: COMPARISON OF EFFICIENCY CLASSES

TABLE 7: NORTH AMERICA INDUCTION MOTORS MARKET, BY TYPE, 2019-2027, (IN $ MILLION)

TABLE 8: NORTH AMERICA INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

TABLE 9: OPPORTUNITY MATRIX

TABLE 10: VENDOR LANDSCAPE

TABLE 11: NORTH AMERICA INDUCTION MOTORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 12: LIST OF PRODUCT LAUNCHES

TABLE 13: LIST OF ROADMAP

LIST OF FIGURES

FIGURE 1: NORTH AMERICA INDUCTION MOTORS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

FIGURE 2: WAGES RELATED WITH AUTOMATABLE ACTIVITIES ACROSS THE WORLD

FIGURE 3: TIMELINE OF INDUCTION MOTORS

FIGURE 4: RISING HOUSEHOLD INCOME IN KEY COUNTRIES, 2014-2016, (IN $ MILLION)

FIGURE 5: WORLDWIDE SALES OF LIGHT DUTY ELECTRIC VEHICLES, 2014-2024 (IN MILLION UNITS)

FIGURE 6: WORLDWIDE PRICE FLUCTUATIONS IN IRON ORE PRICES, 2010-2016, (IN $ PER METRIC TON)

FIGURE 7: NORTH AMERICA INDUCTION MOTORS MARKET, BY SINGLE PHASE, 2019-2027 (IN $ MILLION)

FIGURE 8: NORTH AMERICA INDUCTION MOTORS MARKET, BY THREE PHASE, 2019-2027 (IN $ MILLION)

FIGURE 9: NORTH AMERICA INDUCTION MOTORS MARKET, BY COMMERCIAL, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA INDUCTION MOTORS MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA INDUCTION MOTORS MARKET, BY RESIDENTIAL, 2019-2027 (IN $ MILLION)

FIGURE 12: PORTER’S FIVE FORCE ANALYSIS

FIGURE 13: KEY BUYING IMPACT ANALYSIS

FIGURE 14: VALUE CHAIN ANALYSIS

FIGURE 15: INVESTMENT ANALYSIS OF INDUCTION MOTORS MARKET, BY APPLICATION, IN 2018

FIGURE 16: INVESTMENT ANALYSIS OF INDUCTION MOTORS MARKET, BY TYPE, IN 2018

FIGURE 17: NORTH AMERICA INDUCTION MOTORS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 18: UNITED STATES INDUCTION MOTORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: CANADA INDUCTION MOTORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2018 (IN %)

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