Zion Market Research Induction Motor Market, 2016–2024 | Page 2

Induction Motor Market
Global Induction Motor Market: Overview
An induction motor is an electric motor that runs on A.C. current. In the induction motor, the
electric energy in the rotor that is needed to invent torque is given by the electromagnetic
induction. This electromagnetic induction is obtained from the magnetic field of the winding used
in the motor. Thus, an electric current is not necessary for the induction motor to run. The
induction motor is normally segmented into two types—wound and squirrel cage.
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Global Induction Motor Market: Growth Factors
The global induction motor market is likely to have a huge growth in coming future. Use of
advanced technology for developing induction motors is the main reason that has driven the
growth of the global market. Further, the rise in the demand from the industry is also boosting
the growth of the global induction motor market. Moreover, increased application of induction
motors in different industries is also driving the global market growth. Besides this, increased
job opportunities are also powering the growth of the global induction motor market. On top of
this, cheap labor charge is also one of the significant reasons that are boosting the global