The asynchronous motor market value is projected to grow by USD 6.58 billion at a CAGR of 6.18% during 2021-2025.
The asynchronous motor market report extensively covers market segmentations by end-user (industrial, automotive, residential, and commercial) and geography (APAC, North America, Europe, MEA, and South America) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.
What will the Asynchronous Motor Market Size be in 2021?
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Asynchronous Motor Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing focus on automating manufacturing processes is notably driving the asynchronous motor market growth, although factors such as operational challenges faced by induction motors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the asynchronous motor market get your FREE report sample now.
This post-pandemic asynchronous motor market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.
Who are the Major Asynchronous Motor Market Vendors?
The asynchronous motor market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:
- ABB Ltd.
- General Electric Co.
- Hitachi Ltd.
- Nidec Corp.
- Regal Beloit Corp.
- Siemens AG
- TECO-Westinghouse
- Toshiba Corp.
- WEG Equipamentos Eletricos SA
- Wolong ELectric Group
The asynchronous motor market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.
The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the asynchronous motor market forecast report for insights on complete key vendor profiles.
Which are the Key Regions for Asynchronous Motor Market?
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The asynchronous motor market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 52% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for asynchronous motors in APAC.
The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of EVs will facilitate the asynchronous motor market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating End-user Segments in the Asynchronous Motor Market?
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The asynchronous motor market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The asynchronous motor market share growth by the industrial segment has been significant and is expected to provide significant growth opportunities to market vendors.
This report provides thorough asynchronous motor market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the asynchronous motor market size.
What are the Key Factors Covered in this Asynchronous Motor Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive asynchronous motor market growth during the next five years
- Precise estimation of the asynchronous motor market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the asynchronous motor market across APAC, North America, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of asynchronous motor market vendors
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Asynchronous Motor Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
$ 6.58 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.78 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
China, US, Japan, India, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., General Electric Co., Hitachi Ltd., Nidec Corp., Regal Beloit Corp., Siemens AG, TECO-Westinghouse, Toshiba Corp., WEG Equipamentos Eletricos SA, and Wolong ELectric Group |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |