Jan 12, 2018   SOURCE: BusinessWire

Global Induction Motor Market Research Report 2017-2023: Growing Demand for Integrating Security Operations With Threat Intelligence - Research and Markets

The "Global Induction Motor Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

The global induction motor market is expected to grow at a CAGR of over 14.2% during the period of 2016-2023

Induction motors are also known as asynchronous motors. Induction motors are commonly used electrical motors. In industries most of the machines uses induction motors.

They are preferred by different industries such as automotive, manufacturing, etc., due to their robustness and ability to work in different environmental condition. An induction motor works on the principle of electro-magnetic field induction. Induction motors is going to replace the DC motor application in industries in near future.

The global market is driven by the need for power savings in manufacturing hubs, households, and energy infrastructure. These motors are reliable, having lo aftersales service low maintenance cost and carry smaller loads. They are efficient in terms of energy saving. Induction motors are widely used in applications as compressor load applications, fans etc.

Geographically, North America is dominating the global induction motor market. High use of motor in the industrial manufacturing, automotive companies, and aerospace & defense located in the region is rising the demand of induction motor market. Also, increasing use of electric vehicles in the U.S. is ramping the growth.

Asia Pacific is expected to be the fastest growing region. Emerging economies in this region as such as Korea, India, China, South Africa, and Thailand are presenting huge opportunities for the global manufacturers. Rest of the world hold immense opportunity for the forecast period.

The growth global induction motor market is also influenced by the presence of major players such as Nidec Motor Corporation (U.S.), ABB Ltd. (Switzerland), Siemens AG (Germany), WEG Electric Corp. (Brazil), and Emerson Electric Co. (U.S.).

Market Determinants

Market Drivers

  • Increased Threat of Data Breach
  • Fast Pace Adoption Among Sme'S
  • Rising Adoption of Crowd Sourced Platform for Threat Intelligence

Market Restraints

  • High Cost of Innovation And Budget Constraints
  • Low Technical Integration And Automation Capabilities

Market Opportunities

  • Threat Intelligence Sharing to Counter Advanced Attacks
  • Growing Demand for Integrating Security Operations With Threat Intelligence

Market Challenges

  • Lack of Skilled Staff
  • Lack of Awareness About Advanced Cyber Threats

Companies Mentioned

  • Check Point Software Technologies Ltd. (Us)
  • Dell Technologies, Inc. (Us)
  • Farsight Security, Inc. (Us)
  • Fireeye, Inc. (Us)
  • F-Secure Corporation (Europe)
  • IBM Corporation (U.S.)
  • Juniper Networks, Inc. (Us)
  • Logrhythm, Inc. (Us)
  • Lookingglass Cyber Solutions, Inc.(Us)
  • Mcafee Llc (Us)
  • Optiv Security, Inc. (Us)
  • Splunk, Inc. (Us)
  • Symantec Corporation (Us)
  • Trend Micro Incorporated (Japan)
  • Webroot, Inc. (Us)

For more information about this report visit https://www.researchandmarkets.com/research/g3xxrg/global_induction?w=4