Global Market for Integral Horsepower Motors to Reach US$17.7 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Integral Horsepower (IHP) Motors market. The global IHP Motors market is projected to reach US$17.7 billion by the year 2017. Growth will be driven by Population growth, urbanization coupled with infrastructure expansion in emerging economies. In general, rebound in production activities is expected to bring the focus back on upgradation and replacement of electric motors, given that efficient functioning of motors is critical in managing production costs.

Integral Horsepower Motors: A Global Strategic Business Report

Follow us on LinkedIn - A ubiquitous equipment, electric motors, which convert electrical energy into mechanical energy to drive any electrical appliance/equipment, are widely used in all walks of life. Right from powering dishwashers, humidifiers, power tools, electric starters in automobiles, elevators and escalators to machineries in factories, modern life without electric motors is inconceivable and market for electric motors is forecast to remain strong even into the distant future. IHP Motors are used for a wide range of applications including mining, manufacturing, construction, and climate control of large commercial buildings, among others. Rapid economic growth over the years resulted in an increase in the construction of industrial, power plant, and manufacturing facilities across the globe, which in return created demand for electric motors. The market is characterized by cyclical demand patterns, technological innovations for quality enhancements, pricing pressures, and continued reduction in lead-time and manufacturing costs.

A fragmented industry, world market for electric motors has been witnessing increasing influx of Asian players, fueling competition especially for the established North American and European players. The industry is home to several thousand local and international players competing fiercely for a share of the market pie. To compete in the marketplace, players are focusing on customization providing customized designs to meet specific requirements of end-users. Other strategies widely adopted to deflect the heat of competition and shore up revenues include differentiating on the quality of service and after-sales service offered to the customer. In a bid to maintain a price premium, companies are also investing in educating consumers over the importance of energy efficiency benefits offered by new generation electric motors. Continuous technology development over the decades has helped bring down prices and has resulted in manufacturers competing on both price and product features, such as, technologically advanced controls.

A key trend in the making is the rise of energy efficient motors. Escalating power prices and dwindling fuel supply have long been prime driving forces behind the keen interest and demand spurt in energy efficient motors. Electric motor systems inclusive of electric motors, control systems, drives, mechanical loads and processes account for as much as about 65% of the total electricity consumed in any industry. Not surprisingly therefore, effective and powerful electric motor systems pave way for significant energy savings. The extent of energy saving benefit offered can be put into perspective by the fact that energy conservation from energy efficient motors can lead to significant savings of billions of Kilowatt-hours of electric energy annually, in the US alone. With residential, commercial and industrial sectors increasing focus and emphasis on energy conservation given the spiraling energy costs, its opportunities galore for energy efficient motors.

Demand for electric motors, particularly IHP motors is typically driven by growth in investments in key end-use application areas. The 2007-2009 financial crisis led world economic recession crippled vital industries across the globe, such as, manufacturing, industrial, chemicals, petrochemicals, automotives, and energy generation, among others. As, the demand for energy is closely tied to the level of economic activity, and the recession not surprisingly resulted in lowering consumption as major energy-consuming sectors such as manufacturing, automobiles and construction industries witnessed significant disruptions in business activities. Additionally, investments in power generation by energy utilities was affected by the immense financing difficulties presented by the financial crisis. Reduced industrial, manufacturing and commercial activity elicited a parallel reduction in demand for IHP motors in industrial processing and manufacturing sectors.

However, in the upcoming years, demand for IHP motors is expected to experience healthy growth driven by end-users stepping-up their budgetary outlays for innovative and specialized electric motors. Energy efficient electric motors will especially score healthy gains. The outlook remains especially sturdy for developing regions including Asia-Pacific Rim, parts of Latin America, Africa and the Middle East, which have become lucrative manufacturing hubs.

As stated by the new market research report, Asia-Pacific, Europe and the United States account for a lion’s share of the global Integral Horsepower Motors market. Asia-Pacific represents the fastest growing market for IHP Motors and is forecast to register a compounded annual growth rate of 7.6% over the analysis period. By product type, AC IHP Motor is the largest market segment.

Major players profiled in the report include ABB Ltd., A.O. Smith Corporation, Baldor Electric Company, Franklin Electric Co Inc, GE Energy, HBD Industries Inc., Mitsubishi Electric Corp., Regal Beloit Corporation, Siemens AG, Sumitomo Heavy Industries, TECO Electric & Machinery Co., Ltd., Toshiba International Corporation, WEG S.A., among others.

The research report titled “Integral Horsepower Motors: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a review of market trends, product introductions/innovations, and recent industry activity. The report provides market estimates and projections for the years 2009 through 2017 (in US$ Million) for regions including The United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Market segments analyzed include - AC Motors and DC Motors. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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