Summary

The Global Induction Motor Market is valued approximately at USD 2.83 billion in 2024 and is anticipated to grow with an impressive CAGR of more than 12.40% over the forecast period 2025–2035. Induction motors—renowned for their rugged design, efficiency, and operational simplicity—are among the most widely used types of electric motors globally. They convert electrical energy into mechanical power through electromagnetic induction, eliminating the need for mechanical commutators. These motors are indispensable across a wide range of applications, from industrial automation and residential appliances to commercial HVAC systems and electric vehicles. The market’s growth trajectory is being propelled by the accelerating pace of industrial automation, rapid urbanization, and rising electricity consumption across emerging economies. Furthermore, the increasing adoption of energy-efficient motors—driven by stringent environmental regulations and the transition toward sustainable manufacturing—continues to play a pivotal role in boosting market expansion.
The upward momentum of the global induction motor market is further reinforced by the escalating emphasis on renewable energy integration and electrification of industrial processes. Manufacturers are increasingly deploying high-efficiency induction motors to reduce energy losses and operational costs, aligning with international sustainability goals. According to the International Energy Agency (IEA), electric motors consume nearly 45% of global electricity, underscoring the urgency for adopting next-generation, energy-optimized variants. Moreover, technological innovations such as the use of variable frequency drives (VFDs), smart sensors, and advanced insulation materials have redefined performance standards, making induction motors smarter, safer, and more adaptable to dynamic load requirements. However, the market’s progress is somewhat constrained by the growing competition from permanent magnet motors and the relatively high maintenance costs associated with large-scale industrial systems. Nonetheless, the surge in automation and electrification initiatives worldwide positions the induction motor industry for robust and sustained growth over the next decade.
The detailed segments and sub-segments included in the report are:
By Type:
• Single Phase
• Three Phase
By Application:
• Residential
• Industrial
• Commercial
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
The Three Phase Segment is Expected to Dominate the Market
Among the two motor types, the three-phase induction motor segment continues to hold a dominant position in the global market, accounting for the largest share in 2024. This dominance stems from their superior power output, operational reliability, and cost-effectiveness in high-load applications such as manufacturing, mining, oil & gas, and transportation. The ability of three-phase motors to deliver consistent torque and higher efficiency under fluctuating industrial loads makes them indispensable in heavy-duty machinery and process automation systems. Their minimal maintenance requirements and long operational lifespan have also made them the preferred choice for both established and emerging economies undergoing industrial expansion. As industries worldwide transition toward intelligent automation and smart manufacturing, the demand for robust and high-performance three-phase induction motors is expected to strengthen considerably throughout the forecast horizon.
Industrial Applications Lead in Revenue Contribution
While induction motors have widespread usage across various sectors, the industrial application segment currently leads in overall revenue contribution. Industries such as automotive, chemical, steel, and energy rely heavily on induction motors for powering pumps, conveyors, compressors, and robotic systems. The surge in Industry 4.0 initiatives—emphasizing digitization, smart control systems, and energy-efficient operations—has significantly expanded the adoption of induction motors in industrial environments. Additionally, the proliferation of electric vehicles and the evolution of manufacturing plants toward sustainability have further reinforced the dominance of industrial applications. Meanwhile, the commercial sector, driven by HVAC, elevators, and large-scale infrastructure development, is emerging as a fast-growing segment, supported by expanding urbanization and an increasing emphasis on energy efficiency in buildings.
The key regions considered for the Global Induction Motor Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific dominates the market and is projected to remain the fastest-growing region during the forecast period. This dominance can be attributed to rapid industrialization, urban expansion, and government-led initiatives supporting electrification and smart manufacturing, particularly in China and India. Furthermore, the region’s thriving automotive and electronics sectors are fueling the demand for precision-driven induction motors. North America holds a substantial share owing to widespread automation in manufacturing and the strong presence of leading motor manufacturers in the U.S. and Canada. Europe follows closely, bolstered by strict efficiency standards, sustainability targets, and the expansion of renewable energy systems. Collectively, these factors underscore the region’s shift toward advanced, energy-optimized induction motor solutions.
Major market players included in this report are:
• ABB Ltd.
• Siemens AG
• General Electric Company
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Toshiba Corporation
• WEG Industries
• Nidec Corporation
• Bosch Rexroth AG
• Hitachi Ltd.
• Regal Rexnord Corporation
• Bharat Heavy Electricals Limited (BHEL)
• TECO Electric & Machinery Co., Ltd.
• Brook Crompton UK Ltd.
• Crompton Greaves Consumer Electricals Ltd.
Global Induction Motor Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents

Chapter 1. Global Induction Motor Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study

Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Induction Motor Market Forces Analysis
3.1. Market Forces Shaping The Global Induction Motor Market (2024-2035)
3.2. Drivers
3.2.1. accelerating pace of industrial automation
3.2.2. rapid urbanization
3.3. Restraints
3.3.1. high maintenance costs
3.4. Opportunities
3.4.1. rising electricity consumption across emerging economies

Chapter 4. Global Induction Motor Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Induction Motor Market Size & Forecasts by Type 2025-2035
5.1. Market Overview
5.2. Global Induction Motor Market Performance - Potential Analysis (2025)
5.3. Single Phase
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.3.2. Market size analysis, by region, 2025-2035
5.4. Three Phase
5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Induction Motor Market Size & Forecasts by Application 2025-2035
6.1. Market Overview
6.2. Global Induction Motor Market Performance - Potential Analysis (2025)
6.3. Residential
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.3.2. Market size analysis, by region, 2025-2035
6.4. Industrial
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.4.2. Market size analysis, by region, 2025-2035
6.5. Commercial
6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Induction Motor Market Size & Forecasts by Region 2025–2035
7.1. Growth Induction Motor Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Induction Motor Market
7.3.1. U.S. Induction Motor Market
7.3.1.1. Type breakdown size & forecasts, 2025-2035
7.3.1.2. Application breakdown size & forecasts, 2025-2035
7.3.2. Canada Induction Motor Market
7.3.2.1. Type breakdown size & forecasts, 2025-2035
7.3.2.2. Application breakdown size & forecasts, 2025-2035
7.4. Europe Induction Motor Market
7.4.1. UK Induction Motor Market
7.4.1.1. Type breakdown size & forecasts, 2025-2035
7.4.1.2. Application breakdown size & forecasts, 2025-2035
7.4.2. Germany Induction Motor Market
7.4.2.1. Type breakdown size & forecasts, 2025-2035
7.4.2.2. Application breakdown size & forecasts, 2025-2035
7.4.3. France Induction Motor Market
7.4.3.1. Type breakdown size & forecasts, 2025-2035
7.4.3.2. Application breakdown size & forecasts, 2025-2035
7.4.4. Spain Induction Motor Market
7.4.4.1. Type breakdown size & forecasts, 2025-2035
7.4.4.2. Application breakdown size & forecasts, 2025-2035
7.4.5. Italy Induction Motor Market
7.4.5.1. Type breakdown size & forecasts, 2025-2035
7.4.5.2. Application breakdown size & forecasts, 2025-2035
7.4.6. Rest of Europe Induction Motor Market
7.4.6.1. Type breakdown size & forecasts, 2025-2035
7.4.6.2. Application breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Induction Motor Market
7.5.1. China Induction Motor Market
7.5.1.1. Type breakdown size & forecasts, 2025-2035
7.5.1.2. Application breakdown size & forecasts, 2025-2035
7.5.2. India Induction Motor Market
7.5.2.1. Type breakdown size & forecasts, 2025-2035
7.5.2.2. Application breakdown size & forecasts, 2025-2035
7.5.3. Japan Induction Motor Market
7.5.3.1. Type breakdown size & forecasts, 2025-2035
7.5.3.2. Application breakdown size & forecasts, 2025-2035
7.5.4. Australia Induction Motor Market
7.5.4.1. Type breakdown size & forecasts, 2025-2035
7.5.4.2. Application breakdown size & forecasts, 2025-2035
7.5.5. South Korea Induction Motor Market
7.5.5.1. Type breakdown size & forecasts, 2025-2035
7.5.5.2. Application breakdown size & forecasts, 2025-2035
7.5.6. Rest of APAC Induction Motor Market
7.5.6.1. Type breakdown size & forecasts, 2025-2035
7.5.6.2. Application breakdown size & forecasts, 2025-2035
7.6. Latin America Induction Motor Market
7.6.1. Brazil Induction Motor Market
7.6.1.1. Type breakdown size & forecasts, 2025-2035
7.6.1.2. Application breakdown size & forecasts, 2025-2035
7.6.2. Mexico Induction Motor Market
7.6.2.1. Type breakdown size & forecasts, 2025-2035
7.6.2.2. Application breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Induction Motor Market
7.7.1. UAE Induction Motor Market
7.7.1.1. Type breakdown size & forecasts, 2025-2035
7.7.1.2. Application breakdown size & forecasts, 2025-2035
7.7.2. Saudi Arabia (KSA) Induction Motor Market
7.7.2.1. Type breakdown size & forecasts, 2025-2035
7.7.2.2. Application breakdown size & forecasts, 2025-2035
7.7.3. South Africa Induction Motor Market
7.7.3.1. Type breakdown size & forecasts, 2025-2035
7.7.3.2. Application breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. ABB Ltd.
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Financial Performance (Subject to Data Availability)
8.2.5. Product/Services Port
8.2.6. Recent Development
8.2.7. Market Strategies
8.2.8. SWOT Analysis
8.3. Siemens AG
8.4. General Electric Company
8.5. Schneider Electric SE
8.6. Mitsubishi Electric Corporation
8.7. Toshiba Corporation
8.8. WEG Industries
8.9. Nidec Corporation
8.10. Bosch Rexroth AG
8.11. Hitachi Ltd.
8.12. Regal Rexnord Corporation
8.13. Bharat Heavy Electricals Limited (BHEL)
8.14. TECO Electric & Machinery Co., Ltd.
8.15. Brook Crompton UK Ltd.
8.16. Crompton Greaves Consumer Electricals Ltd.