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Construction: An induction motor consists of two main parts - the stator and the rotor. The stator is the stationary part of the motor and typically consists of a set of laminated steel windings arranged in a specific pattern. The rotor, on the other hand, is the rotating part and is generally made of a cylindrical core with conducting bars.

Principle of Operation: Induction motors work based on Faraday's law of electromagnetic induction. When an alternating current (AC) is supplied to the stator windings, it generates a rotating magnetic field. This rotating magnetic field induces voltage in the rotor bars, causing current to flow through them. The interaction between the stator's magnetic field and the induced current in the rotor produces a force that drives the rotor to rotate, thus converting electrical energy to mechanical energy.

Types: There are two main types of induction motors: Single-phase induction motors (used in smaller applications) and three-phase induction motors (used in most industrial applications due to their efficiency and performance).

Speed: Induction motors operate at a speed slightly less than the synchronous speed, which is the speed of the rotating magnetic field produced by the stator. The difference between the synchronous speed and the rotor speed is known as the "slip." The slip is necessary to create the relative motion between the rotating magnetic field and the rotor, enabling the motor to generate torque.