Electric Motors

Electric Motors

Freedonia Group, Date of Publication: Jan 15, 2015, 265 Pages
US$5,200.00
FR3238

US demand to rise 5.4% annually through 2018

The US market for electric motors is forecast to expand 5.4 percent per year through 2018 to $16.2 billion, accelerating from the 2008-2013 period. Electric motors are key components in many durable goods, and as a result, suppliers will benefit from solid gains in heating, ventilation, and air conditioning (HVAC) equipment, machinery, and motor vehicle output. Rising demand for more efficient, more expensive motor products will also boost market value. However, pricing pressure from original equipment manufacturers (OEMs), as well as competition from lower cost imports, will limit value gains moving forward to a certain extent.

AC electric motors to outpace DC motors

US demand for AC motors will grow faster than the market for DC motors and remain the largest product category, with 2018 sales of $9.6 billion. Motor vehicles are expected to make up approximately one-third of incremental AC motor dollar gains, the result of a rise in hybrid and electric vehicle (H/EV) production. H/EVs use integral horsepower (IHP) AC synchronous motors for motive power, and as a result, this product will register by far the fastest gains of any major type. Increased shipments of HVAC equipment and machinery, industries that are heavy users of AC motors, will provide additional support moving forward. Demand for DC motors will approach $6.7 billion in 2018. DC motors are used extensively in transportation applications, and suppliers will benefit from increases in motor vehicle output and aerospace and other nonautomotive transportation equipment shipments. Universal motors, which can run on AC or DC power and are grouped with DC motors for the purpose of this study, are widely used in HVAC equipment and machinery, and higher shipments of these products will boost motor use.

Motor vehicles remain largest & fastest growing market

Motor vehicles are expected to post the most rapid gains and remain the largest domestic market for electric motors through 2018. In addition to an increase in total motor vehicle output, as well as a significant rise in H/EV production, gains will be spurred by the growing number of electric motor-dependent systems in the average vehicle. The HVAC and machinery markets will also provide significant sales opportunities for electric motor suppliers as shipments climb. HVAC electric motor demand will be spurred by greater construction spending, which will require the installation of entirely new systems, while machinery motor sales will be supported in part by replacement demand driven by efficiency mandates.

IHP motors to outpace FHP models in value & volume

Through 2018, fractional horsepower (FHP) motors, those with a power rating of less than one, will continue to account for a greater share of the electric motor market, in both value and volume terms, than IHP models. FHP motors are utilized in the mechanical systems of products ranging from aerospace and HVAC equipment to motor vehicles, all of which will enjoy favorable growth prospects. Nevertheless, demand for IHP motors is projected to grow faster than that for FHP motors in both value and volume terms. IHP motor sales gains will be fueled by greater H/EV production and increased HVAC equipment output. Additionally, the cost savings to industrial firms for buying more efficient equipment like IHP motors will further bolster the market.

Study coverage

This industry study, Electric Motors, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product and market. The study also considers market environment factors, evaluates company market share and profiles 35 competitors in the US industry.


TABLE OF CONTENTS

 
	INTRODUCTION	viii

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Macroeconomic Environment					       5
		Personal Income & Expenditures					      10
		Demographic Outlook						      13
		Fixed Investment Trends						      17
		Manufacturing Outlook						      20
		Pricing Patterns						      24
		Historical Market Trends					      28
		Regulatory & Legal Environment					      31
		Technology & Material Trends					      33
		International Environment					      37
		   World Supply & Demand Trends					      38
		   US Foreign Trade						      41
		      Imports							      43
		      Exports							      46

	III.	PRODUCTS							      50
		General								      50
		Electric Motor Types						      51
		   AC Motors							      55
		      Fractional Horsepower AC Motors				      58
			Single Phase						      59
			Polyphase						      63
		      Integral Horsepower AC Motors				      65
			Induction						      67
			Synchronous						      69
		      Demand by Market						      71
		   DC Motors							      74
		      Fractional Horsepower DC Motors				      78
			Brushed						      	      79
			Brushless						      82
		      Integral Horsepower DC Motors				      84
			Brushed						      	      86
			Brushless						      88
		      Demand by Market						      90
		Power Rating							      92
		   Fractional Horsepower Motors					      95
		      Demand by Type						      95
		      Demand by Market						      99
		   Integral Horsepower Motors					     100
		      Demand by Type						     100
		      Demand by Market						     104

	IV.	MARKETS								     106
		General								     106
		Motor Vehicles							     108
		   Motor Vehicle Outlook					     109
		   Electric Motor Demand					     113
		      Internal Combustion Engine Light Vehicles			     116
		      Hybrid/Electric Light Vehicles				     118
		      Medium & Heavy Duty Vehicles				     121
		Heating & Cooling Equipment					     123
		   Heating & Cooling Equipment Outlook				     124
		   Electric Motor Demand					     125
		Machinery							     128
		   Machinery Outlook						     129
		   Electric Motor Demand					     131
		Household Appliances						     134
		   Household Appliances Outlook					     135
		   Electric Motor Demand					     136
		      Major Appliances						     138
		      Small Appliances						     140
		Aerospace & Other Nonautomotive Transportation Equipment	     142
		   Aerospace & Other Nonautomotive Transportation
		      Equipment Outlook						     142
		   Electric Motor Demand					     144
		Commercial & Service Industry Equipment				     147
		   Commercial & Service Industry Equipment Outlook		     148
		   Electric Motor Demand					     149
		Other Markets							     151

	V.	INDUSTRY STRUCTURE						     154
		General								     154
		Industry Composition						     155
		Market Share							     158
		Product Development						     165
		Manufacturing							     167
		Marketing & Distribution					     168
		Cooperative Agreements						     170
		Mergers & Acquisitions						     172
		Company Profiles						     174
		   ABB Limited							     175
		   Allied Motion Technologies Incorporated			     178
		   AMETEK Incorporated						     181
		   Baldor Electric, see ABB
		   Bodine Electric Company					     184
		   Bosch (Robert) GmbH						     186
		   Brose Fahrzeugteile GmbH & Company KG			     188
		   Danaher Corporation						     190
		   DENSO Corporation						     192
		   Dunkermotoren, see AMETEK
		   Dynetic Systems, see SL Industries
		   Elco Group, see Regal Beloit
		   Electric Machinery, see WEG
		   ElectroCraft Incorporated					     194
		   Emerson Electric Company					     196
		   FAAC, see Somfy
		   Fasco, see Regal Beloit
		   GE Global Research, see General Electric
		   General Electric Company					     198
		   General Motors Company					     201
		   Globe Motors, see Allied Motion Technologies
		   Hansen, see ElectroCraft
		   HBD Industries Incorporated					     202
		   Hitachi Limited						     204
		   Hub City, see Regal Beloit
		   Inteva Products LLC						     206
		   ITT Corporation						     207
		   Johnson Electric Holdings Limited				     209
		   Kollmorgen, see Danaher
		   LEESON Electric, see Regal Beloit
		   Lenze SE							     212
		   Mabuchi Motor Company Limited				     214
		   Magnetek Incorporated					     216
		   Marathon Motors, see Regal Beloit
		   Minebea Company Limited					     217
		   Mitsuba Corporation						     219
		   Mitsubishi Electric Corporation				     221
		   Morrill Motors, see Regal Beloit
		   Nidec Corporation						     224
		   NMB Technologies, see Minebea
		   Ohio Electric Motors, see HBD Industries
		   Peerless Electric, see HBD Industries
		   Powertec Industrial Motors, see HBD Industries
		   Ramu, see Regal Beloit
		   Regal Beloit Corporation					     229
		   Remy International Incorporated				     234
		   Rockwell Automation Incorporated				     236
		   Siemens AG							     238
		   Simu, see Somfy
		   SL Industries Incorporated					     241
		   Somfy SA							     243
		   TECO Electric & Machinery Company Limited			     245
		   Toshiba Corporation						     247
		   Unico, see Regal Beloit
		   United Starters and Alternators Industries, see Remy International
		   USA Industries, see Remy International
		   Valeo SA							     250
		   WEG SA							     252
		   Yaskawa Electric Corporation					     255
		Other Companies Mentioned in the Study				     257

				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	Macroeconomic Indicators					       9
	2	Personal Consumption Expenditures				      13
	3	Population & Households						      17
	4	Nonresidential Fixed Investment					      20
	5	Manufacturers’ Shipments					      24
	6	Electric Motor Pricing						      27
	7	Electric Motor Historical Market, 2003-2013			      30
	8	World Electric Motor Demand by Region				      41
	9	US Foreign Trade in Electric Motors				      43
	10	US Electric Motor Imports by Source, 2003-2013			      45
	11	US Electric Motor Exports by Destination, 2003-2013		      48

		SECTION III -- PRODUCTS
	1	Electric Motor Supply & Demand					      51
	2	Electric Motor Supply & Demand by Type				      53
	3	AC Motor Demand							      56
	4	Fractional Horsepower AC Motor Demand				      59
	5	Single Phase Fractional Horsepower AC Motor Demand		      62
	6	Polyphase Fractional Horsepower AC Motor Demand			      65
	7	Integral Horsepower AC Motor Demand				      67
	8	Induction Integral Horsepower AC Motor Demand			      69
	9	Synchronous Integral Horsepower AC Motor Demand			      71
	10	AC Motor Demand by Market					      73
	11	DC Motor Demand							      76
	12	Fractional Horsepower DC Motor Demand				      79
	13	Brushed Fractional Horsepower DC Motor Demand			      82
	14	Brushless Fractional Horsepower DC Motor Demand			      84
	15	Integral Horsepower DC Motor Demand				      86
	16	Brushed Integral Horsepower DC Motor Demand			      88
	17	Brushless Integral Horsepower DC Motor Demand			      90
	18	DC Motor Demand by Market					      91
	19	Electric Motor Supply & Demand by Power Rating			      94
	20	Fractional Horsepower Motor Demand by Type			      97
	21	Fractional Horsepower Motor Demand by Market			      99
	22	Integral Horsepower Motor Demand by Type			     102
	23	Integral Horsepower Motor Demand by Market			     104

		SECTION IV -- MARKETS
	1	Electric Motor Demand by Market					     107
	2	Motor Vehicle Indicators					     112
	3	Motor Vehicle Electric Motor Demand by Type, Power Rating, Segment, & Application 115
	4	Internal Combustion Engine Light Vehicle Electric Motor
		   Demand							     118
	5	Hybrid/Electric Light Vehicle Electric Motor Demand		     121
	6	Medium & Heavy Duty Vehicle Electric Motor Demand		     123
	7	Heating & Cooling Equipment Shipments				     125
	8	Heating & Cooling Equipment Electric Motor Demand
		   by Type & Power Rating					     128
	9	Machinery Shipments						     131
	10	Machinery Electric Motor Demand by Type & Power Rating		     134
	11	Household Appliance Shipments					     136
	12	Household Appliance Electric Motor Demand by Type,
		   Power Rating, & Segment					     138
	13	Major Appliance Electric Motor Demand				     140
	14	Small Appliance Electric Motor Demand				     141
	15	Aerospace & Other Nonautomotive Transportation Equipment 
		   Shipments							     144
	16	Aerospace & Other Nonautomotive Transportation Equipment 
		   Electric Motor Demand					     147
	17	Commercial & Service Industry Equipment Shipments		     149
	18	Commercial & Service Industry Equipment Electric Motor
		   Demand							     151
	19	Other Markets Electric Motor Demand				     153

		SECTION V -- INDUSTRY STRUCTURE
	1	US Electric Motor Sales by Company, 2013			     157
	2	Selected Cooperative Agreements					     171
	3	Selected Acquisitions & Divestitures				     173


				      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- MARKET ENVIRONMENT
	1	Electric Motor Prices, 2003-2023				      28
	2	Electric Motor Historical Market, 2003-2013			      30
	3	US Electric Motor Imports by Source, 2013			      46
	4	US Electric Motor Exports by Destination, 2013			      49

		SECTION III -- PRODUCTS
	1	Electric Motor Demand by Type, 2013				      54
	2	AC Motor Demand by Type, 2013					      57
	3	AC Motor Demand by Market, 2013					      73
	4	DC Motor Demand by Type, 2013					      77
	5	DC Motor Demand by Market, 2013					      92
	6	Electric Motor Demand by Power Rating, 2003-2023		      95
	7	Fractional Horsepower Motor Demand by Type, 2013		      98
	8	Fractional Horsepower Motor Demand by Market, 2013		     100
	9	Integral Horsepower Motor Demand by Type, 2013			     103
	10	Integral Horsepower Motor Demand by Market, 2013		     105

		SECTION IV -- MARKETS
	1	Electric Motor Demand by Market, 2013				     108
	2	Motor Vehicle Electric Motor Demand by Segment, 2003		     116

		SECTION V -- INDUSTRY STRUCTURE
	1	US Electric Motor Market Share, 2013				     159
 
Date of Publication:
Jan 15, 2015
File Format:
PDF via E-mail
Number of Pages:
265 Pages
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