Motors and Generators: A Global Outlook
San Jose, California (PRWEB) January 18, 2012
Follow us on LinkedIn – Motors and generators find application in diverse end-use industries including manufacturing, industrial, chemicals, petrochemicals, automotives, and energy generation, among others. Government legislation and environmental concerns are the major demand drivers for higher efficiency motors and generators in developed countries, while the robust economic growth is fuelling the appetite for technology upgradation in developing countries. The rapid pace of industrialization and the resulting demand for electric power, fuel and minerals is driving demand for motors and generators in emerging countries. The recent economic recession negatively impacted the market. For instance, 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. All of these factors negatively impacted sales of electric motors and generators in the power generation end-use industry. Reduced industrial, manufacturing and commercial activity elicited a parallel reduction in demand for electric motors in industrial processing and manufacturing sectors.
Currently, however the motors and generators market is staging a recovery with growth being spearheaded by emerging countries. Globally there is an increasing momentum being witnessed towards the adoption of eco friendly and cost saving products. This trend is reflected even in the electric motors industry as the industry is gradually shifting towards energy efficient motors and adopting various energy efficiency standards. High-efficiency motors, otherwise known as premium efficiency motors, are eliciting interests from both manufacturers and customers. With government directives requiring motor manufacturers to toe on the similar line to meet efficiency requirements, there exists increased focus towards developing energy efficient products. Such directives are thereby compelling motor manufacturers to offer superior products along with energy efficiency features.
North America leads the world in adopting the legislation mandating the use of high-efficiency (IE2) and premium-efficiency (IE3) motors, while Europe and several other countries are preparing to do so in the near term. The huge replacement market thus created is expected to stimulate the demand for motors for the near term. The market for low and medium-voltage industrial motors and drivers slumped in 2009 following a dip in fresh orders and the liquidity crunch, and is rebounding with the recovery in the global economy, as well as expanding scope of applications in diverse sectors. Metals and mining, power generation, marine and oil and gas industries are the centers of demand for large motors. The growing popularity of electric vehicles is also expanding the scope of electric motors in the automobile industry. In addition DC motors are finding increasing application in automobile interiors due to the ongoing automation of manual functions in vehicles.
The generator market on the other hand is driven by the rapidly expanding global population, as well as macroeconomic trends such as industrialization, and urbanization. Construction and telecom sectors are the major growth drivers for the industry. The demand is strongest in the Asia Pacific, Latin American, Middle East and African nations due to the rapid growth of industry and relatively poor electricity distribution infrastructure in these regions. Due to the ageing power infrastructure and the large number of natural calamities in recent times, the requirement for power generation systems is rising in US and Japan among other countries. Moreover, with the expansion of cities the residential use of generators is also rising. Diesel generators are giving way to alternate fuels such as kerosene and compressed gas, as well as renewable energy power sources such as solar, wind and biomass power.
Although the US and Europe together account for about half of the global market for electric motors, the Asia pacific region leads the growth in the industry, closely trailed by Latin America and other emerging countries. Due to the rapid industrialization and strong GDP growth in China and India among others, the Asia Pacific generators market is the largest as well as the fastest growing region for the global generators market.
The research report titled “Motors and Generators: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Japan, China, India, Russia and South Africa among others. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry 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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