Albany, NY -- (SBWIRE) -- 11/22/2016 -- The invention of motors or more precisely, electric motors, is one of the major achievements in the field of technology and engineering. The advent of motors helped the world move from being manual to a highly mechanized one. Since then the world has come a long way from utilizing electric power to glow bulbs to converting electrical energy to run various mechanical machinery. An electric motor is an electro-mechanical device that converts electrical energy to mechanical energy.

The global induction motor market to grow at a CAGR of 12.35% over the period 2015-2019. This report covers the present scenario and the growth prospects of the global induction motor market during the period 20152019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of induction motors by the commercial, residential and Industrial end users segments.

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Technavio's report, the Global Induction Motor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.

Key Vendors
- ABB
- Ametek
- Emerson Electric
- Siemens
- WEG

Other Prominent Vendors
- Baldor Electric
- Brook Crompton UK
- Danaher Motion
- Faulhaber Group
- Johnson Electric Holdings
- Maxon Motor
- Regal Beloit
- Siemens

Market Driver
- Increased Adoption of Electric Vehicles
- For a full, detailed list, view our report

Market Challenge
- Highly Fragmented Market
- For a full, detailed list, view our report

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Key Questions Answered in this Report:-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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