Asynchronous motor is a type of commonly used electrical motor which is also known as induction motor. Asynchronous motors are used in various sector such as residential, industrial, commercial building, agriculture, & transportation. Various features associated with asynchronous motor such as rugged built, reliable, lightweight & have low maintenance cost are creating its Demand in the market. Asynchronous motor has simple structures, easy maintenance, low prices, broader constant power etc. which makes it suitable for the application in electric vehicle. Increasing awareness for environmental protection is key trend for adoption, as these motors have low emission rate as compare to others & have low maintenance cost. Due to this factor, asynchronous motors are used in electric vehicle. Rising demand of electric car is majorly driving the market for asynchronous motors.
This growth is primarily driven by Increasing Demand For Electric Vehicle and Growing Adoption Due To Low Cost.
Globally, a noticeable market trend is evident Technological Advancement in the product
. Major Manufacturers, such as Nidec Motor Corporation (United States), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), Emerson Electric Co. (United States), Regal Beloit Corporation. (United States), Kirloskar Electric Co. Ltd. (India), Marathon Electric India Pvt.Ltd. (United States), Schneider Electric SE.(France), Brook Crompton (United Kingdom), Johnson Electric (Hong Kong) and Maxon Motor (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing Demand For Electric Vehicle
- Growing Adoption Due To Low Cost
- Technological Advancement in the product
- Highly Fragmented Market
- Increasing awareness for environmental protection
- Strong competition
- Emerging substitute technology
Growing Industrial Base In Developing Economy and Increasing government funding For Energy Efficient Motors
Scarcity of raw material
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Asynchronous Motor Study Sheds Light on
The Asynchronous Motor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Asynchronous Motor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Asynchronous Motor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.