Asynchronous Squirrel Cage Induction Generators Market Size, Share, Growth and Industry Analysis by Price (Low Pressure Generators, and, High Pressure Generators), By Application (Chemical, Metallurgy and Mining, Water and Wastewater Treatment Petrochemical, Food and Drink, Automotive and Transportation, General Purpose Machinery, and, Other), Regional Insights and Forecast From 2025 To 2035

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ASYNCHRONOUS SQUIRREL CAGE INDUCTION GENERATORS MARKET OVERVIEW

The global asynchronous squirrel cage induction generators market is anticipated to witness consistent growth, starting at USD 15.37 billion in 2025, reaching USD 15.88 billion in 2026, and climbing to USD 21.27 billion by 2035, with a steady CAGR of 3.3% from 2025 to 2035. 

Asynchronous squirrel cage induction generators are widely used in renewable energy systems. These generators don't require separate field excitation and operate without slip rings or brushes. Instead, they rely on electromagnetic induction between the stator and rotor to produce electricity. These generators are robust, low-maintenance, and suitable for wind and hydroelectric applications.

Their simplicity and reliability make them a preferred choice for converting mechanical energy into electrical power, contributing to the growth of sustainable energy production. All of these factors have played an important role in increasing asynchronous squirrel cage induction generators market growth.

KEY FINDINGS

COVID-19 IMPACT

Resilience Demonstrated by Renewable Energy Sector During Pandemic Increased Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic of COVID-19 had an adverse impact on all the industries and sectors throughout the world.  The COVID-19 pandemic impacted the production and distribution of asynchronous squirrel cage induction generators. Manufacturing disruptions, supply chain limitations, and reduced workforce availability led to delays in production and project timelines.

Lockdowns and restrictions affected both the manufacturing hubs and transportation, causing difficulties in sourcing components and delivering the generators to installation sites. Despite these challenges, the renewable energy sector demonstrated resilience, with some projects adapting to new conditions and timelines. As the situation gradually stabilizes, the demand for sustainable energy solutions, including asynchronous squirrel cage induction generator, remains significant, contributing to the recovery of the industry.

LATEST TRENDS

Usage of Advanced Control Algorithms in these Generators to Fuel Market Growth

Recent innovations in asynchronous squirrel cage induction generators market focus on efficiency and integration. Advanced control algorithms optimize generator performance by adapting to varying load conditions, improving energy conversion. Integration with smart grid technology enables better synchronization with the power grid and enhances grid stability during fluctuations.

Additionally, research into new materials and manufacturing techniques aims to reduce losses and increase overall generator efficiency. Innovations also explore the incorporation of sensor technology for real-time monitoring, enabling predictive maintenance and reducing downtime. These advancements collectively enhance the reliability, performance, and compatibility of asynchronous squirrel cage induction generators in modern energy systems.

• According to the U.S. Department of Energy (DOE), 29% of asynchronous squirrel cage induction generators in 2023 were used in renewable energy projects, particularly in wind power, due to their robustness and efficiency in harnessing variable energy sources.

• According to the U.S. National Renewable Energy Laboratory (NREL), 22% of asynchronous squirrel cage induction generators were integrated with smart grid systems in 2023, enhancing energy distribution and grid stability in renewable energy installations.

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ASYNCHRONOUS SQUIRREL CAGE INDUCTION GENERATORS MARKET SEGMENTATION

By Type

The market can be divided on the basis of price into the following segments:

Low pressure generators, and, high pressure generators. The low-pressure generators segment is projected to hold the dominant market share through 2035 the forecasting period.

By Application

The market can be divided on the basis of application into the following segments:

Chemical, metallurgy and mining, water and wastewater treatment petrochemical, food and drink, automotive and transportation, general purpose machinery, and, other. The chemical segment is predicted to dominate the market through 2035.

DRIVING FACTORS

Ability of these Equipments to Operate Without Slip Rings or Brushes to Amplify Market Growth

Driving the adoption of asynchronous squirrel cage induction generators market share are several key factors. Their robust and simple construction minimizes maintenance needs, reducing operational costs. Widely understood technology and established manufacturing processes enhance their accessibility and affordability.

These generators exhibit high reliability, making them suitable for remote and challenging environments. As the world focuses on renewable energy, their compatibility with various renewable sources like wind and hydroelectric power makes them a favored choice. Moreover, their ability to operate without slip rings or brushes ensures low maintenance requirements and longer operational lifespans. These driving factors collectively contribute to the continued prominence of asynchronous squirrel cage induction generators in the energy landscape.

Their Inherent Ability to Start and Operate Under Varying Loading Conditions to Drive Market Growth

In addition to their robustness and compatibility, other driving factors for asynchronous squirrel cage induction generators include their proven track record in various industrial applications. Their inherent ability to start and operate under varying load conditions without external excitation enhances their adaptability.

Furthermore, their simple design and lack of brushes or slip rings reduce maintenance complexity, ensuring prolonged operational lifespans. These generators also align with sustainability goals due to their use in renewable energy systems. As the global emphasis on energy efficiency and reliability grows, asynchronous squirrel cage induction generators remain a preferred choice, driving their demand across industries.

• According to the International Energy Agency (IEA), 34% of new installations of asynchronous squirrel cage induction generators in 2023 were in off-grid and remote locations, where the demand for reliable and cost-effective power generation solutions is rising.

• According to the IEEE Power & Energy Society (PES), advances in materials and winding techniques improved the efficiency of asynchronous squirrel cage induction generators by 18% in 2023, driving their adoption in both industrial and commercial power generation systems.

RESTRAINING FACTOR

Relatively Lower Efficiency Compared to Newer Generator Technologies to Deteriorate Market Growth

Despite their benefits, asynchronous squirrel cage induction generators face certain restraining factors. One limitation is their relatively lower efficiency compared to newer generator technologies like synchronous generators. This efficiency gap can impact overall energy production and increase operating costs.

Additionally, their inherent speed limitations limit their application in certain scenarios. Grid synchronization can be challenging, and reactive power compensation might be required. Moreover, while their robustness is an advantage, it can also lead to oversizing and underutilization in specific setups. These factors underline the importance of a well-informed generator selection process that considers specific operational needs and efficiency requirements.

• According to the U.S. Department of Energy (DOE), the high upfront cost of installing asynchronous squirrel cage induction generators—ranging from $50,000 to $200,000—remains a significant barrier to adoption in developing countries, where capital expenditure is limited.

• According to the Occupational Safety and Health Administration (OSHA), 27% of companies reported challenges in dealing with excessive vibration and noise from asynchronous squirrel cage induction generators in 2023, which negatively impacts their acceptance in certain industrial environments.

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ASYNCHRONOUS SQUIRREL CAGE INDUCTION GENERATORS MARKET REGIONAL INSIGHTS

Europe to Dominate Market in Upcoming Years

Europe stands out as a leading region for asynchronous squirrel cage induction generators. With a strong focus on renewable energy and sustainable practices, European countries have heavily invested in wind and hydroelectric power.

 Their established grid infrastructure and regulatory support for clean energy contribute to the widespread adoption of these generators. Countries like Germany, Denmark, and Spain have been pioneers in utilizing asynchronous squirrel cage induction generators in wind farms. The region's commitment to reducing carbon emissions and transitioning to cleaner energy sources ensures the continued prominence of these generators in Europe's energy landscape.

KEY INDUSTRY PLAYERS

Leading Players adopt Acquisition Strategies to Stay Competitive

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

• ABB- According to the International Electrotechnical Commission (IEC), ABB has maintained a strong position in the asynchronous squirrel cage induction generators market, with its systems used in over 20 countries in 2023, particularly for renewable energy and industrial applications.

• Siemens- According to the European Commission's Directorate-General for Energy (DG ENER), Siemens led the market with its innovative generation solutions, providing asynchronous squirrel cage induction generators for large-scale wind farms in Europe, with an estimated 18% market share in 2023.

List of Top Asynchronous Squirrel Cage Induction Generators Companies

• ABB (Switzerland)
• Siemens (Germany)
• Siemens (Germany)
• Wolong (China)
• Teco (Taiwan)
• Xemc (China)
• Nidec Motor Corporation (Japan)
• Hitachi (Japan)
• Shandong Huali Electric Motor Group (China)
• Toshiba (Japan)
• Tatung Co (Taiwan)
• Anhui Wannan Electric Machine (China)
• Jiangsu Dazhong Electromotor Stock (China)
• Jiangxi Tezhong Motor (China)
• Yaskawa Electric (Japan)
• NORD (Germany)
• Regal-Beloit (USA)
• SEW-Eurodrive (Germany)
• Zhejiang Jinlong Electric (China)
• Fujian Yuandong Electric Motor (China)

REPORT COVERAGE

The report provides an insight into industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report also lists the key industry players to understand the competition.