Asia-pacific Induction Motors Market Forecast 2023-2032

The Asia-Pacific induction motors market is projected to register a CAGR of xx% over the estimated period of 2023-2032. The market growth of the region is fuelled by key drivers, such as favorable norms and policies framed by the government to enhance the adoption of electric vehicles, the growing utility of electric vehicles, and the rapidly-evolving manufacturing sector.

MARKET INSIGHTS

The Asia-Pacific induction motors market growth is evaluated through the assessment of South Korea, China, Japan, Australia, India, and Rest of Asia-Pacific. The induction motors market in Japan is primarily reinforced by the presence of leading multinational automobile companies, such as Panasonic, Toyota, Nissan, and Mazda, among others, focusing on the development and adoption of electric vehicles. Moreover, the country is also engaged in the manufacturing of electric vehicles, including both commercial and passenger cars.

Since these automobiles are embedded with induction motors for smoother conduction, their escalating adoption further fuels the utility as well as demand for induction motors in Japan. The country also harbors multinational companies like Sony Corporation, involved in the production of electronic devices. Hence, these factors are set to augment the Asia-Pacific induction motors market growth over the forecast period.

COMPETITIVE INSIGHTS

Some of the eminent companies operating in the market are: WEG Electric Corporation, Johnson Electric Holdings, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 22078

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. SURGING POPULARITY OF ELECTRIC VEHICLES
- 3.1.2. INCREASING TECHNOLOGICAL ADVANCEMENTS
- 3.1.3. DOMINANCE OF SQUIRREL CAGE MOTORS IN MINING
- 3.1.4. COST-EFFECTIVE AND EASY-TO-MAINTAIN MOTORS
3.2. KEY RESTRAINTS
- 3.2.1. HIGH INSTALLATION COSTS OF MANUFACTURING FACILITY
- 3.2.2. VOLATILE PRICES OF RAW MATERIALS
- 3.2.3. UNAUTHORIZED MARKETS

4. KEY ANALYTICS

4.1. IMPACT OF COVID-19 ON INDUCTION MOTORS MARKET
4.2. KEY MARKET TRENDS
4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
4.4. OPPORTUNITY MATRIX
4.5. VENDOR LANDSCAPE
4.6. KEY BUYING CRITERIA
4.7. REGULATORY FRAMEWORK

5. MARKET BY TYPE

5.1. SINGLE-PHASE INDUCTION MOTOR
5.2. THREE-PHASE INDUCTION MOTOR

6. MARKET BY APPLICATION

6.1. COMMERCIAL
6.2. INDUSTRIAL
6.3. RESIDENTIAL

7. GEOGRAPHICAL ANALYSIS

7.1. ASIA-PACIFIC
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. CHINA
  - 7.1.5.2. JAPAN
  - 7.1.5.3. INDIA
  - 7.1.5.4. SOUTH KOREA
  - 7.1.5.5. AUSTRALIA
  - 7.1.5.6. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. ABB LTD
- 8.2.2. AMETEK
- 8.2.3. BROOK CROMPTON
- 8.2.4. JOHNSON ELECTRIC HOLDINGS
- 8.2.5. NIDEC MOTOR CORPORATION
- 8.2.6. REGAL BELOIT CORPORATION
- 8.2.7. SIEMENS AG
- 8.2.8. WEG ELECTRIC CORPORATION

Product Code: 22078

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - INDUCTION MOTORS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2021 (MONTH-WISE SALES)
TABLE 4: COUNTRY-WISE STOCK TARGETS OF ELECTRIC VEHICLES TILL 2021
TABLE 5: COMPARISON BETWEEN SYNCHRONOUS & 3-PHASE INDUCTION MOTORS
TABLE 6: CONTRAST BETWEEN DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES
TABLE 7: COMPARISON OF EFFICIENCY CLASSES
TABLE 8: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 14: LEADING PLAYERS OPERATING IN ASIA-PACIFIC INDUCTION MOTORS MARKET
TABLE 15: LIST OF MERGERS & ACQUISITIONS
TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: ASIA-PACIFIC INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 7: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY SINGLE-PHASE INDUCTION MOTOR, 2023-2032 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY THREE-PHASE INDUCTION MOTOR, 2023-2032 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022
FIGURE 10: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY COMMERCIAL, 2023-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY INDUSTRIAL, 2023-2032 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC INDUCTION MOTORS MARKET, BY RESIDENTIAL, 2023-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC INDUCTION MOTORS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 14: CHINA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 15: JAPAN INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 16: INDIA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 17: SOUTH KOREA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 18: AUSTRALIA INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 19: REST OF ASIA-PACIFIC INDUCTION MOTORS MARKET, 2023-2032 (IN $ MILLION)