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Induction Motor Market Share

Report ID: GMI12800
Published Date: Dec 2024
Report Format: PDF

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Induction Motor Market Share

Induction Motor Company Market Share Analysis, (2024)

The induction motor industry is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 10%-15% of the total market. Key strategies adopted by regional companies in the market include product innovation, strategic partnerships, mergers & acquisitions, and focusing on energy-efficient solutions to expand their global footprint and customer base.

Induction Motor Market Companies

Major players operating in the induction motor industry are:

ABB
Allied Motion Technologies
AMETEK
Emerson
Hitachi
Johnson Electric
Mitsubishi
Nidec
Oriental Motor
Regal Rexnord
Rockwell Automation
Schneider Electric
Siemens
Toshiba
WEG Electric

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of induction motor reached USD 20.3 billion in 2024 and is set to grow at a CAGR of 6.4% from 2025 to 2034, driven by increasing industrial automation and demand for energy-efficient solutions.

The direct distribution channel accounted for 65.8% of the market share in 2024 and is expected to expand at a CAGR of 6.5% through 2034, supported by rising demand for high-efficiency, customized solutions and the adoption of online sales platforms.

The U.S. market held 80% of the revenue share in 2024 and is anticipated to witness 6.4% CAGR through 2034, led by increasing automation and energy efficiency demands in industrial applications.

Key players in the industry include ABB, Allied Motion Technologies, AMETEK, Emerson, Hitachi, Johnson Electric, Mitsubishi, Nidec, Oriental Motor, Regal Rexnord, Rockwell Automation, Schneider Electric, Siemens, Toshiba, and WEG Electric.