Global Induction Motors Market Research Report - Forecast to 2027

  Market Highlights: The need for continuous uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and developing safe electrical infrastructure is expected to drive the growth of the global insulator market . The insulator market in the Asia-Pacific region is expected to grow the fastest during the forecast period.  The rapid industrialization, urbanization, and fast economic growth with growing electrical infrastructure in the countries such as India and China, will drive the market for insulators. Key Players The key players of global insulator markets are General Electric (U.S.), Siemens AG (Germany), Alstom S.A (France), Aditya Birla Nuvo Ltd. (India), Bharat Heavy Electricals Limited. (India), Toshiba Corporation (Japan), Hubbell Incorporated (U.S), Seves Group (Italy), Dalian Yilian Tech

  Market Highlights The induction motors market is growing rapidly, mainly due to the significant superiority of induction motors over other high speed electric motors. Besides, the increasing awareness regarding environmental protection and the low emission rate of induction motors significantly contributes to market growth. Induction motors (asynchronous motors) with its rugged built, lightweight, and cost efficiency & work efficiency offer reliably low after-sale maintenance. Moreover, the spurring rise in burgeoning oil & gas, pulp & paper, and chemical industries escalate market growth. According to Market Research Future (MRFR), the global induction motors market is projected to grow at a rapid pace during the forecast period (2016-2027). The introduction of innovative technologies to enhance safety & performance and declining component prices have increased the sales of induction motors exponentially. Induction motors provide cost-efficient and sustainable