Market Share of Europe Induction Motor Industry
The Europe Induction Motor Market is competitive and consists of several partakers like WEG, ABB, Elprom Harmanli, Johnson Electric Holdings Limited, Brook Crompton, Nidec Industrial Solutions, Menzel Elektromotoren, Regal Rexnord Corporation , AC-Motoren GmbH, CG Power & Industrial Solutions Ltd and many more. The companies are increasing their market share by forming multiple partnerships, investing in projects, and launching new products in the market.
- November 2021 - As electric motors are widely used in Electric Vehicles, the company Weg expands its business partnership with Stellantis Group, a global player in automobile manufacturing and mobility player, with the launch of new electric utility vehicles: e-EXPERT by Peugeot and E-JUMPY by Citroen to serve fleet owners. Designed for semi-fast recharges in parking lots, companies, and fleet owners, Weg Electric Mobility (WEMOB) PARKING, up to 22 kW, offers high safety level, reliability, and connectivity with real-time and remote information for electric vehicle fleets management.
- February 2021 - Regal Rexnord Corporation, combined with Rexnord's PMC Segment, is creating a world-class power transmission provider. Regal Rexnord Corporation is one of the prominent player in the engineering and manufacturing of electric motors and controls, power generation, and power transmission products, serving customers worldwide. This combines complementary best-in-class power transmission portfolios and re-balances the Regal portfolio between Power Transmission (47% of pro forma sales), Motors (38%), and Niche/Specialty Products (15%).
Europe Induction Motor Market Leaders
WEG
Regal Rexnord Corporation
AC-Motoren GmbH
ABB
CG Power & Industrial Solutions Ltd
*Disclaimer: Major Players sorted in no particular order
