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Induction Motor Market Worth $15,810.3 Million by 2019DALLAS, July 21, 2015 /PRNewswire/ -- According to a new market research report "Induction Motor Market by Type (Single Phase, Three Phase), Application (Residential, Industrial, Commercial), Geography (North America, Europe, Asia-Pacific, Row) - Analysis and Forecasts to 2019", published by MarketsandMarkets, the overall Induction Motor Market shows double-digit growth and is expected to reach $15,810.3 Million by 2019, at a CAGR of 12.4% from 2014 to 2019. Browse 40 market data Tables and 39 Figures spread through 67 Pages and in-depth TOC on "Induction Motor Market" http://www.marketsandmarkets.com/Market-Reports/induction-motor-market-259165381.html The Induction Motor Market is expected to exhibit high growth during the forecast period from 2014 to 2019. The driving factor for the growth of induction motor market is its simple and rugged physical structure. Induction motors are robust and can operate in any environmental condition. Due to the absence of brushes and slip rings (which can cause sparks), they are safe to operate in polluted and explosive working conditions. And, unlike synchronous motors, induction motors do not require starting mechanisms as they have a self-starting torque. This leads to their reliability, cost effective operation, and easy maintenance. Hence, induction motors are preferred over synchronous motors. Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=259165381 However, major restraint for growth of the induction motor market is the difficulty in the speed control of induction motors. For fine speed control applications, DC motors are preferred over induction motors. Due to advanced power electronics, variable frequency drives using induction motors are used in industries for speed control at present. This report provides a detailed analysis of the overall induction motor market and segments the market on the basis of type, application, and geography By type, the induction motor is divided into single phase induction motor & three phase induction motors. While the application includes industrial, commercial and residential, the geographic segmentation of the market covers North America, Europe, Asia-Pacific, and RoW (Rest of the world). The objective of the research study is to analyze the market trends for each of the industries, growth rates of the various applications such as industrial, commercial, and residential, and the demand comparison for the types of induction motor market such as single phase and three phase induction motors during the forecast period. The three phase induction motors are further segmented into squirrel cage induction motor and slip ring induction motor in this report. Apart from the market segmentation, the report also covers the Porter's five forces analysis, the market's value chain with a detailed process flow diagram, and the market dynamics such as drivers, restraints, and opportunities in the overall induction motor market. The major players offering various products in the induction motor market include Nidec Motor Corporation (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), and Emerson Electric Co. (U.S.). The key players in the market focus on expanding their market base in the concerned market by adopting strategies such as new product development, alliances, and acquisitions. Browse Related Reports Energy-Efficient Motor Market by Type (IE1, IE2, IE3, and IE4), Product (Synchronous, Asynchronous, and DC), Application (HVAC, Pumps, Fans, Compressed Air, Material Handling, and Processing), End-user, and Geography - Analysis & Forecast to 2015 - 2020 http://www.marketsandmarkets.com/Market-Reports/energy-efficient-motor-163.html Servo Motor & Drives Market: By Type (AC Servo Motors/Drives, DC Servo Motors/Drives, Brushless Servo Motors), Voltage Range (Low Voltage, Medium Voltage), Components (Sensors, Controller Modules, Encoders, Amplifiers) & Application - (2013 - 2018) http://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 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