According the report, Increased Popularity of Three Phase Induction Motor among the Industrial Segment is one of the primary growth factors for the market. Rising Demand for Electric Vehicles across the Globe
is also expected to contribute significantly to the Induction Motor market. Overall, Pumps
applications of Induction Motor, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Induction Motor market identified that the demand is rising in many different parts of the world as "Industry 4.0 is expected to Open Lucrative Opportunities for the Market". Furthermore, some recent industry insights like "On 27 Feb 2018, ABB integrated the Baldor Electric Company name into its global ABB brand as a part of its Next Level strategy, which includes harmonizing different ABB-owned brands under the global ABB master brand." is constantly making the industry dynamic. One of the challenges that industry facing is "Fluctuations in Raw Material Prices"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Induction Motor market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Induction Motor market and other related sub-markets covered in the study.
o Key & emerging players in the Induction Motor market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Induction Motor market size is calculated using market estimation process, the Induction Motor market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Induction Motor market size has been validated using both top-down and bottom-up approaches.