Asynchronous Motor Market to grow by $ 6.58 Bn from Electrical Components & Equipment Industry | Technavio - PRNewswire

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Read the 120-page report with TOC on "Asynchronous Motor Market Analysis Report by End-user (Industrial, Automotive, Residential, and Commercial), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts,2021-2025."

The market is driven by the growing focus on automating manufacturing processes. In addition, the robust growth of process industries such as cement, steel, water, and wastewater is anticipated to boost the growth of the asynchronous motor market.

Industrial operators across the world are adopting automation in their manufacturing processes to increase production and enhance overall operational efficiency. This is increasing the use of automated machines that are connected to multiple electric drives, such as servo drives and AC drives. It enhances asynchronous motor operations in precision applications such as conveyors, robotics, and material-handling processes. With the increasing focus on automating manufacturing processes, the demand for asynchronous motors will increase during the forecast period.

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Major Five Asynchronous Motor Companies:

ABB Ltd.
The company manufactures asynchronous motors and generators for marine, utilities, and offshore sectors.

General Electric Co.
The company manufactures asynchronous motors and generators for commercial and industrial sectors.

Hitachi Ltd.
The company manufactures asynchronous motors products such as smallest micro motors and largest motors.

Nidec Corp.
The company manufactures asynchronous motors such as squirrel-cage rotor type induction motors, eddy-current motors, and wound-rotor type induction motors.

Regal Beloit Corp.
The company manufactures asynchronous motors for residential, commercial, and industrial.

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Asynchronous Motor Market End-user Outlook (Revenue, USD Billion, 2020-2025)

Industrial - size and forecast 2020-2025
Automotive - size and forecast 2020-2025
Residential - size and forecast 2020-2025
Commercial - size and forecast 2020-2025

Asynchronous Motor Market Geography Outlook (Revenue, USD Billion, 2020-2025)

APAC - size and forecast 2020-2025
North America - size and forecast 2020-2025
Europe - size and forecast 2020-2025
MEA - size and forecast 2020-2025
South America - size and forecast 2020-2025

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Global Servo Motors and Drives Market – Global servo motors and drives market is segmented by product (DC servo motors and drives and AC servo motors and drives) and geography (APAC, Europe, North America, MEA, and South America).
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