Induction Motor Market - Forecast(2020 - 2025)
The induction motor is the most common electric motor, used in most applications. This electric motor operates with the help of electromagnetic induction, which provides the needed electric energy to invent torque to operate. Induction motors can be termed as an asynchronous motor as it operates at a speed less than a synchronous motor. Globally, demand for the induction motor is being driven by its increasing usage owing to its economic cost and low maintenance and growing demand for electric vehicles. Induction motors are largely utilized in drive applications like fixed-speed and variable-frequency drive. Advancement in power electronics is expected to increase the market share of the induction motor market. Induction motor also serves as an alternative of a permanent magnet in the electric vehicles. Request Sample This report provides a depth analysis of the induction motor market size for the forecast period of 2014-2021. This report also imparts an outlook and incorporates with ...