Induction motor, also called as asynchronous motor is an AC electric motor based on the principle of induction where the electric current required in the rotor to generate torque is obtained by electromagnetic induction from the magnetic field of stator winding. Hence an induction motor can be made without electrical connection to the rotor. It is one of the most commonly used electric motor. The global demand for induction motor market is poised to flourish because it is economic cost and low maintenance.
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Top Key Major Players:-
1. ABB Ltd.
2. Baldor Electric Company
3. Emerson Electric Company
4. Kirloskar Electric Company
5. Marathon Electric
6. Nidec Motor Corporation
7. Regal Beloit Corporation
8. Schneider Electric
9. Siemens AG
10. Toshiba