Market Share of North America Induction Motor Industry
The market is minorly fragmented with the presence of key players such as Rockwell Automation Inc., ABB Ltd, Siemens AG, and more. These players have a prominent share in the market and are focusing on expanding their market shares with new innovations with technological advancements.
- April 2022 - Rockwell Automation, Inc. announced the release of its Allen-Bradley Armor PowerFlex AC variable frequency drives for industrial motor control industries. The on-machine drives offer faster installation, easy commissioning, and predictive supervision.
- October 2020 - Schneider Electric and Semiotic Labs signed a partnership agreement. This agreement expanded Schneider's managed service offering to support the monitoring of rotating equipment, including induction motors, pumps, conveyors, and compressors.
North America Induction Motor Market Leaders
Schneider Electric
WEG Industries
Rockwell Automation, Inc.
Nidec Corporation
ABB Limited
*Disclaimer: Major Players sorted in no particular order
