Induction Motor Market

By Product;

Synchronous Motors, Asynchronous Motors, Direct Current Motors and Others

By Application;

Pumps, HVAC, Air Compression, Belts and Others

By End Use;

Residential, Industrial, Transportation and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn038024607 Published Date: September, 2025 Updated Date: October, 2025

Induction Motor Market Overview

Induction Motor Market (USD Million)

Induction Motor Market was valued at USD 23,608.15 million in the year 2024. The size of this market is expected to increase to USD 42,060.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.


Induction Motor Market

*Market size in USD million

CAGR 8.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.6 %
Market Size (2024)USD 23,608.15 Million
Market Size (2031)USD 42,060.14 Million
Market ConcentrationMedium
Report Pages376
23,608.15
2024
42,060.14
2031

Major Players

  • Havells
  • ABB
  • Ametek
  • Emerson Electric
  • Siemens
  • WEG
  • Brook Crompton
  • Danaher Corporation
  • Johnson Electric Holdings
  • Regal Rexnord
  • Toshiba Corp.
  • Hitachi Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Induction Motor Market

Fragmented - Highly competitive market without dominant players


The Induction Motor Market is gaining traction as industries increasingly adopt energy-efficient solutions for diverse applications. Induction motors account for nearly 70% of industrial motor usage, reflecting their dominance in automation, transportation, and power systems. Their simple design, durability, and low maintenance needs have made them the backbone of modern manufacturing and infrastructure.

Key Drivers Accelerating Growth
The shift toward energy conservation and sustainable operations has been a major growth catalyst. Around 45% of manufacturing facilities now integrate high-efficiency induction motors to cut electricity consumption. Their ability to provide consistent torque and reliability under varying loads further fuels widespread adoption in heavy-duty and commercial applications.

Advancements in Technology
Continuous improvements in variable frequency drives (VFDs) and smart motor control systems have enhanced the efficiency of induction motors by nearly 30%. Integration with IoT platforms and AI-enabled monitoring has expanded their functionality, enabling predictive maintenance and reducing operational downtime. These advancements are making induction motors more adaptable in smart factories and industrial IoT ecosystems.

Strategic Collaborations and Innovations
Leading manufacturers are focusing on partnerships and R&D investments to deliver advanced motor designs. Nearly 40% of recent product launches emphasize energy savings and compact design for industrial and commercial sectors. Collaborations across automotive, renewable energy, and HVAC industries are driving demand for customized, high-performance induction motors.

Key Takeaways

  • Energy-efficiency push is a major growth driver—as industries, utilities and infrastructure projects increasingly adopt high-efficiency and premium-efficiency induction motors to reduce power consumption and meet regulatory mandates.

  • Automation & smart integration are reshaping demand—the convergence of Industry 4.0, IoT sensors, predictive maintenance and variable-frequency drives is elevating induction motors from simple components to intelligent assets.

  • Infrastructure expansion in emerging regions fuels growth—rapid urbanisation, manufacturing scale-up and large-scale investments in HVAC, water-pumping, oil & gas, and transportation in Asia-Pacific and other growth regions are creating large incremental demand.

  • Cost, supply-chain & raw-material headwinds remain constraints—high upfront cost of premium motors, volatile copper/steel prices and global logistical disruptions slow some adoption, especially among SMEs and in developing markets.

  • Replacement & retrofit opportunity is substantial—the legacy installed base of inefficient motors presents significant upside for aftermarket upgrades to next-gen induction motors, particularly in utilities, heavy industry and commercial services.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Induction Motor Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Automation

        2. Increasing Demand for Electric Vehicles

        3. Maintenance Challenges

        4. Growth in Manufacturing Sector

      2. Restraints
        1. High Initial Investment Costs

        2. Market Saturation in Developed Regions

        3. Environmental Regulations

        4. Supply Chain Disruptions

      3. Opportunities
        1. Expansion in Emerging Markets

        2. Innovations in Motor Design

        3. Increasing Adoption of Electric Vehicles

        4. Retrofitting and Upgradation Demand

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Induction Motor Market, By Product, 2021 - 2031 (USD Million)
      1. Synchronous Motors
      2. Asynchronous Motors
      3. Direct Current Motors
      4. Others
    2. Global Induction Motor Market, By Application, 2021 - 2031 (USD Million)
      1. Pumps
      2. HVAC
      3. Air Compression
      4. Belts
      5. Others
    3. Global Induction Motor Market, By End Use, 2021 - 2031 (USD Million)
      1. Residential
      2. Industrial
      3. Transportation
      4. Others
    4. Induction Motor Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea ASEAN (Association of South East Asian Countries)
        6. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Siemens AG
      3. Nidec Motor Corporation
      4. Rockwell Automation Inc.
      5. WEG Electric Corp.
      6. Regal Beloit / Regal Rexnord
      7. Emerson Electric Co.
      8. Baldor Electric Company
      9. Schneider Electric SE
      10. Marathon Electric
      11. Kirloskar Electric Company
      12. CG / CG Power & Industrial Solutions
      13. AC Motoren
      14. ATB (Motors / Drives manufacturer)
      15. Cantoni Motor
  7. Analyst Views
  8. Future Outlook of the Market