Can You Give Me Some Facts About An Induced Current?

Induced current better known as Electromagnetic induction basically is the formation of voltage across a conductor found in varying magnetic field.
It is believed that induced current was discovered by Michael Faraday in the year 1831.

Faraday stated that electromagnetic force created across a blocked path is relative to the speed of alteration of the magnetic flux via any plane bordered by that path. In simple terms it means than electric current will be induced in any blocked circuit when the magnetic flux in the course of a surface bordered by conductor varies.  

Electromagnetic induction triggers the functioning of generators, induction motors, transformers, etc. The primary rules of the electromagnetic induction are used in number of gadgets like, transformers, induction sealing, induction motors, wireless energy transfer, induction cookers, magnetic flow meters, etc.