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Global Induction Motor Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Global Induction Motor Market 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “The market is expected to grow further due to the widespread adoption of electric vehicles in various countries like the UK and US. Induction motors find heavy demand from the HVAC industry as well. Many HVAC appliances incorporate induction motors for efficient operation.”
• The invention of motors or more precisely, electric motors, is one of the major achievements in the field of technology and engineering. The advent of motors helped the world move from being manual to a highly mechanized one. Since then the world has come a long way from utilizing electric power to glow bulbs to converting electrical energy to run various mechanical machinery.
• Technavio's analysts forecast the global induction motor market to grow at a CAGR of 12.35% over the period 2015-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Induction Motor Market 2015-2019
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Vendors
To understand the vendor landscape and
for a full list of vendors view our report:
Global Induction Motor Market 2015-2019
ABB
AMETEK
Faulhaber
ABB is one of the world's largest conglomerates. It offers power and automation technologies for utility and industrial customers. Its products include switchgears, circuit breakers, capacitors, sensors, motor control centers, integrated power and automation solutions, programmable logic controllers, robots and robotics, solar inverters, and wind converters.
AMETEK was established in 1930 and is headquartered in Pennsylvania, US. It is one of the leading global manufacturers of electronic instruments and electromechanical devices. The company operates through two business segments: Electronic Instruments Group and Electromechanical Group.
Faulhaber has the largest portfolio of micro and miniature drive technologies available worldwide.
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Market Landscape• The major part of the revenue comes from the sales of three-phase induction
motors, which accounted for almost 70% of the total market in 2014.
• Increased adoption of induction vehicles and HVAC applications is creating an opportunity for the market to grow further during the forecast period.
• Since the market is price sensitive, the vendors have been trying to differentiate themselves by offering integrated products and value-added services.
• The recovery of the global economy has enhanced industrial and consumer confidence.
• This might reinitiate expansion projects across all the major end-user industries, creating growth opportunities for induction motor manufacturers.
• Since the maintenance, operating, and energy costs of motors contribute the major share of the total lifecycle costs, customers are moving to more energy-efficient induction motors.
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Key Buying Criteria
Parameter Details
Energy Efficiency
Efficiency is the ability of an induction motor to consume less energy and generate maximum output
Reliability Reliability is the ability of the induction motor to perform its function under stated conditions for a specified period of time
Aftersales Support Support services such as maintenance and repair, provided after the sale of the motor
Cost of Ownership Total cost of ownership is the total cost that buyers have to incur during the entire life cycle of the induction motor
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Induction Motor Market 2015-2019
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