---
title: "Global Induction Motors market to see 25.2% CAGR, valued at USD 1030.8M in 2023, expected to reach USD 5098.4M by 2030."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273113148.md"
description: "In Bangalore, India, as of January 20th, 2026, the current market value of Induction Motors stands at USD 1030.8 million, as reported by PRNewswire. Forecasts suggest that this market is expected to soar to USD 5098.4 million by the year 2030. This growth represents a significant Compound Annual Growth Rate (CAGR) of 25.2% projected for the period spanning from 2024 to 2030."
datetime: "2026-01-20T16:20:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273113148.md)
  - [en](https://longbridge.com/en/news/273113148.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273113148.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273113148.md) | [繁體中文](https://longbridge.com/zh-HK/news/273113148.md)


# Global Induction Motors market to see 25.2% CAGR, valued at USD 1030.8M in 2023, expected to reach USD 5098.4M by 2030.

In Bangalore, India, as of January 20th, 2026, the current market value of Induction Motors stands at USD 1030.8 million, as reported by PRNewswire. Forecasts suggest that this market is expected to soar to USD 5098.4 million by the year 2030. This growth represents a significant Compound Annual Growth Rate (CAGR) of 25.2% projected for the period spanning from 2024 to 2030.

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