DUBLIN, Aug. 04, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/9tsf77/induction_motor) has announced the addition of the "Induction Motor Market by Type (Single Phase, Three Phase), Application (Residential, Industrial, Commercial), Geography (North America, Europe, Asia-Pacific, Row) - Analysis and Forecasts to 2019" report to their offering.
The global induction motor market is expected to reach a value of $15,810.3 Million by 2019, at a CAGR of 12.4% during the forecast period. The application segment, led by the industrial sector in 2014, had a share of more than 50%. It is projected to reach a value of $7,604.9 Million by 2019 at a CAGR of 11.2%. The residential application market is estimated to grow at the highest CAGR of 15.2% from 2014 to 2019. In terms of region, North America is the major market for induction motors.
This report analyzes and segments the global induction motor market by type of induction motors, their application, and geography covered. The type segmentation includes single phase and three phase induction motors. The three phase market, with a major share of nearly 70% in the global market, is estimated to grow at a double-digit CAGR during the forecast period from 2014 to 2019.
On the basis of application, the market is segmented into residential, industrial, and commercial. The market, in terms of geography, has been classified into regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Factors such as economical cost and low maintenance cost are driving the growth of the induction motor market. The major players offering various products in the market include Nidec Motor Corporation (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), and Emerson Electric Co. (U.S.).
The key players in the market focus on expanding their market base in the concerned market by adopting strategies such as new product development, alliances, and acquisitions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Induction Motor Market, By Application
6 Induction Motor Market, By Type
7 Induction Motor Market, By Geography
8 Competitive Landscape
9 Company Profiles
- ABB Ltd
- Emerson Electric, Inc
- Nidec Corporation Financial
For more information visit http://www.researchandmarkets.com/research/9tsf77/induction_motor
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SOURCE Research and Markets