Market Research Reports

Electric Motors Market (AC motors, DC motors, Hermetic motors) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

118pages
Published Date: 2014-01-15
 

Description



The growing demand for energy conservation and energy efficient appliances is a major force that is fueling the global electric motors market. Increasing number of companies have been investing in this sector to benefit from the many advantages of electric motors. The report identifies and understands similar factors that influence the growth of the market for electric motors. It also determines forces that will hamper the growth and ways of minimizing the restraints. 

The report analyses the global electric motors market by segmenting it on the basis of parameters such as output power, application, type, and geography. Evaluating each segment and its contribution towards the electric motors market, the report provides estimations and statistics on the market scenario. The various trends and opportunities in different regional markets are discussed at length to support the growth of the electric motors market and improve market capitalization.

An in-depth section on the competitive landscape of the electric motors market provides key insights into the numerous industry leaders and stakeholders and their operations. Aspects such as company profile, financial overview, business strategy, SWOT analysis, and recent developments in the electric motors industry are covered using Porter’s five force analysis and value chain analysis.

Overview of the global electric motors market

The worldwide market for electric motors is expected to be worth an estimated US$120.68 billion by 2019, growing at a 6.3% CAGR during 2013-2019. Electric motors has a wide area of applications in numerous industries and functions such as motor vehicles, household appliances, industrial machinery, aerospace and other transportation equipment, HVAC equipments, and commercial industry. 

Countries across the globe have become increasingly aware about conserving energy, as a result of which, the demand for energy efficient electric motors has been on the rise. High and premium efficiency electric motors are being applied in various areas of operation and governments have become strict in implementing energy regulations. The usage of these optimum electric motors also reduces the financial burden on consumers and governments. Moreover, electric motors are used widely in the production of motor vehicles, heating ventilating and cooling equipment, and household appliances, leading to a rise in demand. Improving standard of living and increasing disposable income in developing countries is also expected to propel the electric motors market. 

On the other hand, fluctuations in the prices of raw material and high purchase price of energy efficient electric motors are expected to inhibit the growth of the global electric motors market.

Asia-Pacific is the fastest-growing and largest regional market for electric motors owing to improving economies and rising purchasing power in countries such as India, Malaysia, China, and Indonesia. Government initiatives and mounting electricity consumptions are expected to drive the North American and European electric motors market. 

Companies mentioned in the research report

The global electric motors market is highly fragmented and has many international and domestic players vying to carve a niche for themselves in this competitive market. Some of the leading players in the electric motors industry include Johnson Electric Holdings Ltd., Baldor Electric Company, Inc., Ametek, Inc., Danaher Motion LLC, Siemens AG, Brook Crompton UK Ltd., Allied Motion Technologies Inc., and Franklin Electric Co., Inc.

Major geographies analyzed under this research report are: 
  • Europe
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents


Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Electric Motor Market Overview
3.1 Market Introduction
      3.1.1 Market trend and future outlook
3.2 Market Dynamics
      3.2.1 Market drivers
               3.2.1.1 Positive outlook of manufacturing industries
               3.2.1.2 Increasing replacement of out-dated electric motors
               3.2.1.3 Incentive for energy efficient electric motor driven systems
      3.2.2 Market restraints
               3.2.2.1 Volatility in raw material price
               3.2.2.2 High purchase price of energy efficient motors
      3.2.3 Opportunities
               3.2.3.1 Production of high and premium efficiency motors
3.3 Value chain analysis
3.4 Electric motor industry – Porter’s  Five Forces Analysis
      3.4.1 Bargaining power of suppliers
      3.4.2 Bargaining power of buyers
      3.4.3 Threat of new entrants
      3.4.4 Threat from substitutes
      3.4.5 Degree of competition
3.5 Electric motor market attractive analysis by end use industry
3.6 Electric motor manufacturers - Competitive landscape

Chapter 4 Global Electric Motor Market, by Output power 2011 - 2019
4.1 Introduction
      4.1.1 Fractional horsepower (FHP) electric motors
      4.1.2 Global fractional horsepower electric motor market size and forecast 2011 – 2019 (USD million)
      4.1.3 Integral horsepower (IHP) motors
      4.1.4 Global integral horsepower electric motor market size and forecast 2011 – 2019 (USD million)

Chapter 5 Global Electric Motor Market, by Type 2011 - 2019
5.1 Introduction
5.2 AC Motors
      5.2.1 Global AC motor market size and forecast 2011 – 2019 (USD billion)
5.3 DC Motors
      5.3.1 Global DC motor market size and forecast 2011 – 2019 (USD billion)
5.4 Hermetic motors
      5.4.1 Global hermetic motors market size and forecast 2011 – 2019 (USD billion)

Chapter 6 Global Electric Motor Market, by Applications 2011 - 2019
6.1 Introduction
6.2 Motor vehicles
      6.2.1 Global motor vehicle electric motors market size and forecast 2011 – 2019 (USD billion)
6.3 Heating ventilating and cooling equipment
      6.3.1 Global HVAC equipment electric motor market size and forecast 2011 – 2019 (USD billion)
6.4 Industrial machinery
      6.4.1 Global industrial machinery electric motor market size and forecast 2011 – 2019 (USD billion)
6.5 Household appliances
      6.5.1 Global household appliances electric motor market size and forecast 2011 – 2019 (USD billion)
6.6 Aerospace and other transportation equipment
      6.6.1 Global aerospace and other transportation equipment electric motor market size and forecast 2011 – 2019 (USD billion)
6.7 Commercial and other industry
      6.7.1 Global commercial and other industry equipment electric motor market size and forecast 2011 – 2019 (USD million)

Chapter 7 Global Electric Motor Market, by Geography 2011 - 2019
7.1 Introduction
7.2 North America
      7.2.1 U.S.
              7.2.1.1 U.S. electric motor market size and forecast 2011 – 2019 (USD billion)
      7.2.2 Canada
               7.2.2.1 Canada electric motor market size and forecast 2011 – 2019 (USD billion)
      7.2.3 Mexico
               7.2.3.1 Mexico electric motor market size and forecast 2011 – 2019 (USD billion)
      7.2.4 North America electric motor market size and forecast by output power 2011 - 2019 (USD billion)
      7.2.5 North America electric motor market size and forecast by type 2011 - 2019 (USD billion)
      7.2.6 North America electric motor market size and forecast by application 2011 - 2019 (USD billion)
7.3 Europe
      7.3.1 Germany
              7.3.1.1 Germany electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.2 France
              7.3.2.1 France electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.3 UK
              7.3.3.1 UK electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.4 Italy
              7.3.4.1 Italy electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.5 Spain
              7.3.5.1 Spain electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.6 Rest of Europe
              7.3.6.1 Rest of Europe electric motor market size and forecast 2011 – 2019 (USD billion)
      7.3.7 Europe electric motor market size and forecast by output power 2011 - 2019 (USD billion)
      7.3.8 Europe electric motor market size and forecast by type 2011 - 2019 (USD billion)
      7.3.9 Europe electric motor market size and forecast by application 2011 - 2019 (USD billion)
7.4 Asia-Pacific
      7.4.1 Japan
              7.4.1.1 Japan electric motor market size and forecast 2011 – 2019 (USD billion)
      7.4.2 South Korea
              7.4.2.1 South Korea electric motor market size and forecast 2011 – 2019 (USD billion)
      7.4.3 China
              7.4.3.1 China electric motor market size and forecast 2011 – 2019 (USD billion)
      7.4.4 India
               7.4.4.1 India electric motor market size and forecast 2011 – 2019 (USD billion)
      7.4.5 Rest of Asia-Pacific
              7.4.5.1 Rest of Asia-Pacific electric motor market size and forecast 2011 – 2019 (USD billion)
      7.4.6 Asia-Pacific electric motor market size and forecast by output power 2011 - 2019 (USD billion)
      7.4.7 Asia-Pacific electric motor market size and forecast by type 2011 - 2019 (USD billion)
      7.4.8 Asia-Pacific electric motor market size and forecast by application 2011 - 2019 (USD billion)
7.5 Rest of the World
      7.5.1 Middle East
              7.5.1.1 Middle East electric motor market size and forecast 2011 – 2019 (USD billion)
      7.5.2 Latin America
              7.5.2.1 Latin America electric motor market size and forecast 2011 – 2019 (USD billion)
      7.5.3 Africa
              7.5.3.1 Africa electric motor market size and forecast 2011 – 2019 (USD billion)
      7.5.4 RoW electric motor market size and forecast by output power 2011 - 2019 (USD billion)
      7.5.5 RoW electric motor market size and forecast by type 2011 - 2019 (USD billion)
      7.5.6 RoW electric motor market size and forecast by application 2011 - 2019 (USD million)

Chapter 8 Company Profiles
8.1 Baldor Electric Company, Inc.
      8.1.1 Company overview
      8.1.2 Financial overview
      8.1.3 Business strategy
      8.1.4 SWOT analysis
      8.1.5 Recent developments
8.2 Brook Crompton UK Ltd
      8.2.1 Company overview
      8.2.2 Financial overview
      8.2.3 Business strategy
      8.2.4 SWOT analysis
      8.2.5 Recent developments
8.3 Danaher Motion LLC
      8.3.1 Company overview
      8.3.2 Financial overview
      8.3.3 Business strategy
      8.3.4 SWOT analysis
      8.3.5 Recent developments
8.4 Franklin Electric Co., Inc.
      8.4.1 Company overview
      8.4.2 Financial overview
      8.4.3 Business strategy
      8.4.4 SWOT analysis
      8.4.5 Recent developments
8.5 Johnson Electric Holdings Ltd.
      8.5.1 Company overview
      8.5.2 Financial overview
      8.5.3 Business strategy
      8.5.4 SWOT analysis
      8.5.5 Recent developments
8.6 Regal Beloit Corp.
      8.6.1 Company overview
      8.6.2 Financial overview
      8.6.3 Business strategy
      8.6.4 SWOT analysis
      8.6.5 Recent developments
8.7 Rockwell Automation Inc.
      8.7.1 Company overview
      8.7.2 Financial overview
      8.7.3 Business strategy
      8.7.4 SWOT analysis
      8.7.5 Recent developments
8.8 Siemens AG
      8.8.1 Company overview
      8.8.2 Financial overview
      8.8.3 Business strategy
      8.8.4 SWOT analysis
      8.8.5 Recent developments
8.9 Asmo Co., Ltd.
      8.9.1 Company overview
      8.9.2 Financial overview
      8.9.3 Business strategy
      8.9.4 SWOT analysis
      8.9.5 Recent developments
8.10 Ametek, Inc.
      8.10.1 Company overview
      8.10.2 Financial overview
      8.10.3 Business strategy
      8.10.4 SWOT analysis
      8.10.5 Recent developments
8.11 Allied Motion Technologies Inc.
      8.11.1 Company overview
      8.11.2 Financial overview
      8.11.3 Business strategy
      8.11.4 SWOT analysis
      8.11.5 Recent developments
8.12 ARC Systems, Inc.
      8.12.1 Company overview
      8.12.2 Financial overview
      8.12.3 Business strategy
      8.12.4 SWOT analysis
      8.12.5 Recent developments

List of Figures 

FIG. 1 Global electric motor market segmentation
FIG. 2 Global electric motors market size, by region 2012 (USD billion)
FIG. 3 Global motor vehicle production 2009 – 2012 (Units)
FIG. 4 Volatility in copper selling prices  (USD/MT), 2011 –  2019
FIG. 5 Electric motor industry – value chain
FIG. 6 Porter’s five forces analysis for electric motor manufacturing industry
FIG. 7 Electric motor market attractive analysis by application
FIG. 8 Electric motor manufacturers, market share analysis 2012 (%)
FIG. 9 Global electric motor market share (%) by output power, 2012 & 2019
FIG. 10 Global fractional horsepower electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 11 Global integral horsepower electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 12 Global electric motor market share (%) by type, 2012 & 2019
FIG. 13 Global AC motor market size and forecast 2011 – 2019 (USD billion)
FIG. 14 Global DC motor market size and forecast 2011 – 2019 (USD billion)
FIG. 15 Global hermetic motors market size and forecast 2011 – 2019 (USD billion)
FIG. 16 Global electric market share (%) by application, 2012 & 2019
FIG. 17 Global motor vehicle electric motors market size and forecast 2011 – 2019 (USD billion)
FIG. 18 Global HVAC equipment electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 19 Global industrial machinery electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 20 Global household appliances electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 21 Global aerospace and other transportation equipment electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 22 Global commercial and other industry electric motor market size and forecast 2011 – 2019 (USD million)
FIG. 23 Global electric motor market share by region, 2012 & 2019 (%)
FIG. 24 U.S. electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 25 Canada electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 26 Mexico electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 27 Germany electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 28 France electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 29 UK electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 30 Italy electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 31 Spain electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 32 Rest of Europe electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 33 Japan electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 34 South Korea electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 35 China electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 36 India electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 37 Rest of Asia-Pacific electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 38 Middle East electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 39 Latin America electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 40 Africa electric motor market size and forecast 2011 – 2019 (USD billion)
FIG. 41 Baldor electric company, Inc annual revenue, 2011 – 2012 (USD billion)
FIG. 42 Danaher Corporation, LLC annual revenue and industrial technology segment revenue, 2011 – 2012 (USD billion)
FIG. 43 Franklin Electric Co., Inc annual revenue and water system segment revenue, 2011 – 2012 (USD million)
FIG. 44 Johnson Electric Holdings Ltd., annual revenue, 2011 – 2012 (USD billion)
FIG. 45 Regal Beloit Corp., Inc annual revenue and electrical segment revenue, 2011 – 2012 (USD billion)
FIG. 46 Rockwell Automation Inc. annual revenue and control products & solutions segment revenue, 2011 – 2012 (USD billion)
FIG. 47 Siemens AG., Inc annual revenue and drive technology division segment revenue, 2011 & 2012 (USD billion)
FIG. 48 Asmo Co., Ltd. annual revenue, 2011 – 2012 (USD billion)
FIG. 49 Ametek Inc. annual revenue and electromechanical segment revenue, 2011 – 2012 (USD billion)
FIG. 50 Allied Motion Technologies Inc. annual revenue, 2011 – 2012 (USD million)

List of Tables

TABLE 1 Global electric motor market –  Snapshot (2012 & 2019)
TABLE 2 Effective electric motors efficiency standards in major countries
TABLE 3 Drivers: Impact analysis
TABLE 4 Global electricity consumption of electric motor driven systems by sectors
TABLE 5 Restraints: impact analysis
TABLE 6 Raw material requirements for production of 100kW motor in IE1 and IE2 class
TABLE 7 North America electric motor market size and forecast by output power 2011 - 2019 (USD billion)
TABLE 8 North America electric motor market size and forecast by product 2011 - 2019 (USD billion)
TABLE 9 North America electric motor market size and forecast by application 2011 - 2019 (USD million)
TABLE 10 Europe electric motor market size and forecast by output power 2011 - 2019 (USD billion)
TABLE 11 Europe electric motor market size and forecast by product 2011 - 2019 (USD billion)
TABLE 12 Europe electric motor market size and forecast by application 2011 - 2019 (USD billion)
TABLE 13 Asia-Pacific electric motor market size and forecast by product 2011 - 2019 (USD billion)
TABLE 14 Asia-Pacific electric motor market size and forecast by application 2011 - 2019 (USD billion)
TABLE 15 RoW electric motor market size and forecast by output power 2011 - 2019 (USD billion)
TABLE 16 RoW electric motor market size and forecast by product 2011 - 2019 (USD billion)
TABLE 17 RoW electric motor market size and forecast by application 2011 - 2019 (USD million) 

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Free Market Analysis


Electric motors are commonly used as a source of mechanical energy in a broad range of residential, industrial and commercial applications such as fans, pumps, compressors, elevators, refrigerators and several other systems. The global electric motors market is expected to see a steady growth through the estimated period 2013 – 2019. Stringent electricity consumption regulations, rising need to reduce green house gas effects and positive outlook of manufacturing industries are expected to propel the growth of global electric motors market. Electric motor is the most vital component used in the production of motor vehicles, heating ventilating and cooling (HVAC) equipment and in several home appliances. Rising income levels and improving standards of living are expected to spur the production of motor vehicles and electronic appliances globally. This is expected to be the primary factor to boost the demand for electric motors globally. In addition, use of energy efficient electric motors minimizes financial burden on consumers and governments by optimizing electricity consumption. Due to the aforementioned factors, electric motors are expected to see a huge demand in the replacement market particularly from industrial users.  
 
Types of electric motors include AC motors, DC motors and hermetic motors. AC motors are relatively smaller, cheaper and lighter and most commonly used in HVAC equipment, industrial and home appliances; and manufacturing facilities. In 2012, AC motors accounted for the largest revenue share of the overall electric motors market. DC motors are used for variable speed control applications such as motor vehicles, electronic toys, industrial machineries and equipment etc. Hermetic motors are expected to see the fastest growth at a CAGR of 8.5% through the estimated period with rising demand from HVAC manufacturers. 

Based on output power capacity electric motors are divided into two categories fractional horsepower (FHP) motors and integral horsepower (IHP) motors. Fractional horsepower are generally used in low power applications and accounted for the largest revenue share of the electric motors in 2012. IHP motors are expected to see the fastest growth through the estimated period. Stringent electricity consumptions and benefits of energy efficiency electric motors are motivating industrial users to retrofit their plants with energy efficient electric motors. This represents a positive outlook for IHP motor suppliers in the next six years.
 
In 2012, motor vehicles accounted for the largest application segment for electric motors. Due to rising fuel prices and pollution, demand for electric vehicles is rising rapidly in developed and emerging countries such as the U.S., Japan, Germany, China, India and others. This segment is expected to maintain its dominating position in the electric motors market with increasing production of electric vehicles in the next six years. Significant demand for electric motors is also expected from HVAC industry, household appliances and industrial machinery segment. 

Asia-Pacific was the largest as well as the fastest growing regional market in the global electric motors market. Growing industrialization and rising disposable income in China, India, Indonesia, Malaysia and several other countries in Asia-Pacific is likely to contribute to the growth of electric motors. North America and Europe is expected to grow blow global electric motors market CAGR through 2013 – 2019. Stringent electricity consumption regulations and government incentive programs for early replacement of low efficient electric motors are expected to drive this growth.    

Global electric motors industry looks highly fragmented with large number of international and domestic players. Rising standardization and less price and quality differentiation among competitors is intensifying competition. Some major players in the global electric motors industry include Regal Beloit, Asmo Co Ltd, AMTEK, Baldor Electric Company and Danaher.  

global-electric-motors-market-size-by-region-2012
 

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