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GERMANY INDUCTION MOTORS MARKET 2023-2030

The Germany induction motors market is estimated to grow with a CAGR of xx% during the forecasting period, reaching a revenue share of $xx million by 2030. The base year for the studied market is 2022, and the forecasted years are from 2023 to 2030.

GERMANY INDUCTION MOTORS MARKET 2023-2030

Germany Induction Motors Market by Type (Single-phase Induction Motor, Three-phase Induction Motor) Market by Application (Commercial, Industrial, Residential)

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The Germany induction motors market is estimated to grow with a CAGR of xx% during the forecasting period, reaching a revenue share of $xx million by 2030. The base year for the studied market is 2022, and the forecasted years are from 2023 to 2030.

The market growth of the country is linked to key factors, such as the surging demand for electric vehicles as well as government initiatives to promote industrial automation.

According to the Engineering and Technology Organization, the Industry 4.0 initiative adopted in Europe emphasized automation for the transformation of manufacturing processes across the region, including Germany. In this regard, the rise in automation is also playing an essential role in redefining outdated production processes in the country. Since manufacturers are required to respond to these technological developments in accordance with the production sector’s shifting demands, this aspect helps improve efficiency, maintain low costs, and ensure quality customer experiences.

Germany Induction Motors Market

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Furthermore, core advancements in induction motors are also equipping manufacturing industries in Germany to transition from a manual to a highly mechanized operation process. This, in turn, helps in the conversion of electrical energy to streamline mechanical machinery. Hence, the surging adoption of Industry 4.0 across Germany is set to positively influence the rising demand for induction motors, thus fueling the market growth during the forecast period.

The Germany induction motors market is segmented into type and application. The application segment includes commercial, industrial, and residential. Induction motors are widely utilized across industrial applications, such as machine tools, power tools, compressors, small exhaust fans and pumps, process machines, conveyors, etc.

Moreover, while three-phase squirrel cage induction motors are used as industrial drives owing to their reliability and cost-effectiveness, VFD (Variable Frequency Drive) fed cage induction motors are utilized across several industrial variable speed applications. The increasing shift towards industrial automation also plays a vital role in increasing the demand for induction motors since they assure a greater scope for automation in industries.

Some of the eminent companies operating in the Germany induction motors market are Siemens AG, WEG Electric Corporation, etc.

Siemens AG, headquartered in Germany, is a global technology company with core activities in domains such as electrification, digitalization, and automation. The company provides services, products, as well as solutions for transmission and distribution, power generation, oil and gas production and transportation, industrial technologies and automation systems, infrastructure and building technologies, audiology solutions, and mobility & logistics solutions.

The company mainly caters to oil and gas companies, infrastructure developers, independent power producers, public utility companies, hospitals and diagnostics centers, transportation companies, and network operators. Its business operations span Europe, Africa, the Middle East, the Commonwealth of Independent States, the Americas, and the Asia-Pacific.

Report Synopsis

Report Scope Details
Market Forecast Years 2023-2030
Base Year 2022
Market Historical Years 2018-2022
Forecast Units Revenue ($ Million)
Segments Analyzed Type and Application
Country Analyzed Germany
Companies Analyzed

ABB Ltd, Ametek, Brook Crompton, Johnson Electric Holdings, NIDEC Motor Corporation, Regal Beloit Corporation, Siemens AG, WEG Electric Corporation

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON INDUCTION MOTORS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • PESTLE ANALYSIS – GERMANY
      • KEY BUYING CRITERIA
      • REGULATORY FRAMEWORK
    4. MARKET BY TYPE
      • SINGLE-PHASE INDUCTION MOTOR
      • THREE-PHASE INDUCTION MOTOR
    5. MARKET BY APPLICATION
      • COMMERCIAL
      • INDUSTRIAL
      • RESIDENTIAL
    6. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ABB LTD
        • AMETEK
        • BROOK CROMPTON
        • JOHNSON ELECTRIC HOLDINGS
        • NIDEC MOTOR CORPORATION
        • REGAL BELOIT CORPORATION
        • SIEMENS AG
        • WEG ELECTRIC CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – INDUCTION MOTORS

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2021 (MONTH-WISE SALES)

    TABLE 4: COUNTRY-WISE STOCK TARGETS OF ELECTRIC VEHICLES TILL 2021

    TABLE 5: COMPARISON BETWEEN SYNCHRONOUS & 3-PHASE INDUCTION MOTORS

    TABLE 6: CONTRAST BETWEEN DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES

    TABLE 7: COMPARISON OF EFFICIENCY CLASSES

    TABLE 8: GERMANY INDUCTION MOTORS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

    TABLE 9: GERMANY INDUCTION MOTORS MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    TABLE 10: GERMANY INDUCTION MOTORS MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

    TABLE 11: GERMANY INDUCTION MOTORS MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: KEY BUYING CRITERIA

    FIGURE 5: GERMANY INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

    FIGURE 6: GERMANY INDUCTION MOTORS MARKET, BY SINGLE-PHASE INDUCTION MOTOR, 2023-2030 (IN $ MILLION)

    FIGURE 7: GERMANY INDUCTION MOTORS MARKET, BY THREE-PHASE INDUCTION MOTOR, 2023-2030 (IN $ MILLION)

    FIGURE 8: GERMANY INDUCTION MOTORS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

    FIGURE 9: GERMANY INDUCTION MOTORS MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)

    FIGURE 10: GERMANY INDUCTION MOTORS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

    FIGURE 11: GERMANY INDUCTION MOTORS MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)       

    1. MARKET BY TYPE
      • SINGLE-PHASE INDUCTION MOTOR
      • THREE-PHASE INDUCTION MOTOR
    2. MARKET BY APPLICATION
      • COMMERCIAL
      • INDUSTRIAL
      • RESIDENTIAL

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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