Market Share of North America Induction Motor Industry
The market is characterized by minor fragmentation, with key players such as Rockwell Automation Inc., ABB Ltd, and Siemens AG holding significant shares. These companies strategically expand their market presence through continuous innovation and technological advancements. They invest heavily in research and development to introduce cutting-edge solutions, enhancing their competitive edge and driving market growth.
- In March 2024, ABB's Baldor-Reliance SP4 Motors set a new benchmark in motor efficiency. Businesses across various industries have been adopting ABB's Baldor-Reliance® SP4™ motors to stay at the forefront of energy efficiency and environmental sustainability. ABB's SP4 technology meets the NEMA Super Premium® efficiency standards and operates within a standard AC induction motor design, performing effectively across the line without the need for a variable speed drive.
North America Induction Motor Market Leaders
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Schneider Electric
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WEG Industries
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Rockwell Automation, Inc.
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Nidec Corporation
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ABB Limited
*Disclaimer: Major Players sorted in no particular order
