Global Induction Motor Market: Highlighting the Favorites of Industry Leaders Siemens AG and ABB Ltd. The General Electric Company Recent Developments and Strategic Mergers at WEG Industries and Nidec Corporation
Induction Motor Market size was valued at USD 17.13 Bn. in 2021 and the total revenue is expected to grow at 4.2% through 2022 to 2029, reaching nearly USD 22.04 Bn. by 2032 at a CAGR of 3.72 % during the forecast period.
Prevalent impact in the competitive hierarchy of Induction Motor Market includes industries like ABB Ltd., Siemens AG, General Electric Company, WEG Industries, Nidec Corporation, Regal Beloit Corporation. ABB and Siemens, for instance, are at the forefront of automation and energy-efficient motors, whereas GE focuses heavily on industrial solutions. WEG becomes a world leader in sustainable and innovative technologies. Nidec has a strong focus on precision engineering and compact designs, while Regal Beloit provides innovative, customizable solutions. These firms utilize new technologies, R&D, and strategic collaborations to remain at the forefront of their fields.
However, you are founded on information through complaints where October 2023. There is a detailed masquerade of the top 5 players of the market, recent vehicle-acquisitions and mergers, and many more notable developments and new funding initiatives that are shaping the future of the industry in this press release.
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5 Companies with the Most Market Share
ABB Ltd.
At ABB its working with Induction Motor/AC & DC Motor.
You are provided with technological advancements like ABB's electric motors that come with features like integrated Digitalization and IoT capabilities for better performance and greater efficiency.
POTENTIAL OF THE PRODUCT LINE: The company provides low- and medium-voltage and high-voltage induction motors that are produced according to stringent energy efficiency standards.
Siemens AG
Introduction to the Market: Siemens AG is another major player in the induction motor industry, providing innovative solutions for several industrial applications.
New technologies: Siemens MB offers different engine designs that focus on automation and energy efficiency across multiple industries.
Product Diversity: It manufactures high-performance motors focusing on manufacturing, energy, and infrastructure.
General Electric Company (GE)
GE (General Electric): GE focuses on high-performance induction motors for the power generation, oil & gas, and industrial automation markets.
Technological Advantages: The company emphasizes on developing high-efficiency motors, lesser lifecycle costs, and AI and predictive maintenance features.
GE Products: GE specializes in large-capacity induction motors and dynamic variable speed drive motors
WEG Industries
Abstract: WEG Industries is known for its innovative technologies and global performance in the induction motor sector.
Environmental Motor Solutions — The global leader in consumer batteries focuses on developing eco-conscious components
Sustainable Objectives: WEG also emphasizes sustainable solutions, with a wide range of applications for various industries
Nidec Corporation
Overview: Nidec Corporation serves the automotive, robotics, and industrial automation markets, specializing in precision engineering and miniaturization.
Technological Advancements: The company has been investing huge amounts of R&D in developing brushless direct current and synchronous electric motors, which will include a wider range of products.
Products Portfolio: Nidec provides lightweight, compact, and high-energy-efficiency motors designed for a variety of applications.
Mergers and Acquisitions Updates Powered by Up-to-Date Information
ABB Power Grids | Aurora Motors: ABB Ltd.
ABB proposed acquiring Aurora Motors, a worldwide producer of vertical pump motors, in November 2024. Such a growth strategy will help enhance ABB's product portfolio, facilities to the supply chain, and support to its customers worldwide.
Strategic Divestiture by Siemens AG
In May 2023, Siemens Ltd approved the sale and transfer of low voltage motors and geared motors business undertakings to Siemens Large Drives India Private Ltd, a wholly-owned subsidiary of Siemens AG, for a consideration of ₹2,200 crore. This new strategy goes hand in hand with the plans of the Siemens AG group to globally spin off certain business units into a legally independent company: Innomotics, the portfolio for motors and large drives.
Unsolicited Partial Tender Offer for Makino Milling Machine Co., Ltd. by Nidec Corporation
On the Makino Milling Machine side, Nidec announced in December 2024 it would make an unsolicited bid for the company, with an offer of ¥257 billion (approx $1.6 billion). The bid of ¥11,000 a share was a 42 percent premium over Makino’s last closing price.
Market Update: Recent Developments
Sundance Holdings Group ASSETS Honeywell's Acquisition of Sundyne LLC
Mar 2025: Honeywell International Inc. acquired Sundyne LLC for $2.2 billion to boost its Energy and Sustainability business. Sundyne makes highly engineered pumps and compressors for petrochemical, liquefied-natural-gas (LNG) and renewable fuel markets. The acquisition fits into Honeywell's strategy of expanding its energy security portfolio.
New Funding and Investments
The other piece is ABB Ltd.: Investment in Renewable Power Conversion Technology
In December 2024, ABB was at the receiving end of the acquisition when it agreed to acquire power electronics unit of Gamesa Electric in Spain from Siemens Gamesa. This acquisition targets ABB's position in the renewable power conversion technology market, and supplements more than 100 specialized engineers and its two converter factories in Madrid and Valencia - which are already in place.
The induction motor market is trending upwards, with key players pursuing strategic acquisitions to strengthen market presence, improve the technological capabilities, and broaden product portfolios. These changes highlight industry innovation and commitment to sustainability that forge paths for future development.
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