Electric Motors

As Quoted In Motor Control Design

Electric motor suppliers will benefit from solid increases in motor vehicle, HVAC equipment, and machinery output, as well as from rising demand for more efficient, more expensive motors.

US demand to grow 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 increases in motor vehicle, HVAC equipment, and machinery 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.

Motor vehicles, HVAC & machinery markets to see fastest growth

Motor vehicles are expected to post the most rapid market gains and remain the largest domestic outlet for electric motors through 2018. In addition to an increase in total motor vehicle output, as well as a significant rise in hybrid and electric vehicle (HEV) 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 output from these industries climbs. HVAC electric motor demand will be spurred by greater construction spending, which will lead to the installation of entirely new systems, while machinery motor sales will be supported in part by replacement demand driven by government efficiency regulations.

AC electric motors to outpace DC types

Electric motors can be divided into two product types: alternating current (AC) and direct current (DC). Demand for AC motors will grow faster than that for DC motors and remain the larger product category. Motor vehicles are expected to make up approximately one-third of AC motor dollar gains, the result of a rise in HEV production. HEVs use integral horsepower (IHP) AC synchronous motors for motive power and, as a result, these motors will register by far the fastest gains of any major type. Increased production of HVAC equipment and machinery, which are heavy users of AC motors, will provide additional support moving forward.

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 production. 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 output of these products will boost overall electric motor use.

Study coverage

This study analyzes the $12.5 billion US electric motor industry. It presents historical demand data (2003, 2008 and 2023), and forecasts (2018 and 2023) by type (AC motors, DC motors), power rating (fractional horsepower motors, integral horsepower motors), and market (e.g., motor vehicles, heating and cooling equipment, machinery, household appliances, aerospace equipment, commercial and service industry equipment). The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 35 industry players, including Nidec, Regal Beloit, and Siemens.

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Purchase Electric Motors by the Section

  1. Electric Motors

    $5,200.00

    1. 1 INTRODUCTION

      $169.00

    2. 2 EXECUTIVE SUMMARY

      $175.00

      1. Table | ELECTRIC MOTOR DEMAND

    3. 3 MARKET ENVIRONMENT

      $2,625.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Environment

        $301.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Personal Income & Expenditures

        $191.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      4. 3.4 Demographic Outlook

        $254.00

        1. Table | POPULATION & HOUSEHOLDS

      5. 3.5 Fixed Investment Trends

        $157.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT

      6. 3.6 Manufacturing Outlook

        $244.00

        1. Table | MANUFACTURERS' SHIPMENTS

      7. 3.7 Pricing Patterns

        $199.00

        1. Table | ELECTRIC MOTOR PRICING

        2. CHART II-1 ELECTRIC MOTOR PRICES, 2003-2023

      8. 3.8 Historical Market Trends

        $108.00

        1. Table | ELECTRIC MOTOR HISTORICAL MARKET, 2003-2013

        2. CHART II-2 ELECTRIC MOTOR HISTORICAL MARKET, 2003-2013

      9. 3.9 Regulatory & Legal Environment

        $189.00

      10. 3.10 Technology & Material Trends

        $269.00

      11. 3.11 International Environment

        $636.00

        1. 3.11.1 World Supply & Demand Trends

          $160.00

          1. Table | WORLD ELECTRIC MOTOR DEMAND BY REGION

        2. 3.11.2 US Foreign Trade

          $402.00

          1. Table | US FOREIGN TRADE IN ELECTRIC MOTORS

          2. Table | US ELECTRIC MOTOR IMPORTS BY SOURCE, 2003-2013

          3. CHART II-3 US ELECTRIC MOTOR IMPORTS BY SOURCE, 2013

          4. Table | US ELECTRIC MOTOR EXPORTS BY DESTINATION, 2003-2013

          5. CHART II-4 US ELECTRIC MOTOR EXPORTS BY DESTINATION, 2013

    4. 4 PRODUCTS

      $2,626.00

      1. 4.1 General

        $82.00

        1. Table | ELECTRIC MOTOR SUPPLY & DEMAND

      2. 4.2 Electric Motor Types

        $2,001.00

        1. Table | ELECTRIC MOTOR SUPPLY & DEMAND BY TYPE

        2. CHART III-1 ELECTRIC MOTOR DEMAND BY TYPE, 2013

        3. 4.2.1 AC Motors

          $946.00

          1. Table | AC MOTOR DEMAND

          2. CHART III-2 AC MOTOR DEMAND BY TYPE, 2013

          3. Table | FRACTIONAL HORSEPOWER AC MOTOR DEMAND

          4. Table | SINGLE PHASE FRACTIONAL HORSEPOWER AC MOTOR DEMAND

          5. Table | POLYPHASE FRACTIONAL HORSEPOWER AC MOTOR DEMAND

          6. Table | INTEGRAL HORSEPOWER AC MOTOR DEMAND

          7. Table | INDUCTION INTEGRAL HORSEPOWER AC MOTOR DEMAND

          8. Table | SYNCHRONOUS INTEGRAL HORSEPOWER AC MOTOR DEMAND

          9. Table | AC MOTOR DEMAND BY MARKET

          10. CHART III-3 AC MOTOR DEMAND BY MARKET, 2013

        4. 4.2.2 DC Motors

          $908.00

          1. Table | DC MOTOR DEMAND

          2. CHART III-4 DC MOTOR DEMAND BY TYPE, 2013

          3. Table | FRACTIONAL HORSEPOWER DC MOTOR DEMAND

          4. Table | BRUSHED FRACTIONAL HORSEPOWER DC MOTOR DEMAND

          5. Table | BRUSHLESS FRACTIONAL HORSEPOWER DC MOTOR DEMAND

          6. Table | INTEGRAL HORSEPOWER DC MOTOR DEMAND

          7. Table | BRUSHED INTEGRAL HORSEPOWER DC MOTOR DEMAND

          8. Table | BRUSHLESS INTEGRAL HORSEPOWER DC MOTOR DEMAND

          9. Table | DC MOTOR DEMAND BY MARKET

          10. CHART III-5 DC MOTOR DEMAND BY MARKET, 2013

      3. 4.3 Power Rating

        $553.00

        1. Table | ELECTRIC MOTOR SUPPLY & DEMAND BY POWER RATING

        2. CHART III-6 ELECTRIC MOTOR DEMAND BY POWER RATING, 2003-2023

        3. 4.3.1 Fractional Horsepower Motors

          $195.00

          1. Table | FRACTIONAL HORSEPOWER MOTOR DEMAND BY TYPE

          2. CHART III-7 FRACTIONAL HORSEPOWER MOTOR DEMAND BY TYPE, 2013

          3. Table | FRACTIONAL HORSEPOWER MOTOR DEMAND BY MARKET

          4. CHART III-8 FRACTIONAL HORSEPOWER MOTOR DEMAND BY MARKET, 2013

        4. 4.3.2 Integral Horsepower Motors

          $215.00

          1. Table | INTEGRAL HORSEPOWER MOTOR DEMAND BY TYPE

          2. CHART III-9 INTEGRAL HORSEPOWER MOTOR DEMAND BY TYPE, 2013

          3. Table | INTEGRAL HORSEPOWER MOTOR DEMAND BY MARKET

          4. CHART III-10 INTEGRAL HORSEPOWER MOTOR DEMAND BY MARKET, 2013

    5. 5 MARKETS

      $2,598.00

      1. 5.1 General

        $92.00

        1. Table | ELECTRIC MOTOR DEMAND BY MARKET

        2. CHART IV-1 ELECTRIC MOTOR DEMAND BY MARKET, 2013

      2. 5.2 Motor Vehicles

        $847.00

        1. 5.2.1 Motor Vehicle Outlook

          $218.00

          1. Table | MOTOR VEHICLE INDICATORS

        2. 5.2.2 Electric Motor Demand

          $575.00

          1. Table | MOTOR VEHICLE ELECTRIC MOTOR DEMAND BY TYPE, POWER RATING, SEGMENT, &APPLICATION

          2. CHART IV-2 MOTOR VEHICLE ELECTRIC MOTOR DEMAND BY SEGMENT, 2013

          3. Table | INTERNAL COMBUSTION ENGINE LIGHT VEHICLE ELECTRIC MOTOR DEMAND

          4. Table | HYBRID/ELECTRIC LIGHT VEHICLE ELECTRIC MOTOR DEMAND

          5. Table | MEDIUM & HEAVY DUTY VEHICLE ELECTRIC MOTOR DEMAND

      3. 5.3 Heating & Cooling Equipment

        $252.00

        1. 5.3.1 Heating & Cooling Equipment Outlook

          $82.00

          1. Table | HEATING & COOLING EQUIPMENT SHIPMENTS

        2. 5.3.2 Electric Motor Demand

          $149.00

          1. Table | HEATING & COOLING EQUIPMENT ELECTRIC MOTOR DEMAND BY TYPE & POWER RATING

      4. 5.4 Machinery

        $333.00

        1. 5.4.1 Machinery Outlook

          $135.00

          1. Table | MACHINERY SHIPMENTS

        2. 5.4.2 Electric Motor Demand

          $179.00

          1. Table | MACHINERY ELECTRIC MOTOR DEMAND BY TYPE & POWER RATING

      5. 5.5 Household Appliances

        $367.00

        1. 5.5.1 Household Appliances Outlook

          $87.00

          1. Table | HOUSEHOLD APPLIANCE SHIPMENTS

        2. 5.5.2 Electric Motor Demand

          $253.00

          1. Table | HOUSEHOLD APPLIANCE ELECTRIC MOTOR DEMAND BY TYPE, POWER RATING, &SEGMENT

          2. Table | MAJOR APPLIANCE ELECTRIC MOTOR DEMAND

          3. Table | SMALL APPLIANCE ELECTRIC MOTOR DEMAND

      6. 5.6 Aerospace & Other Nonautomotive Transportation Equipment

        $354.00

        1. 5.6.1 Aerospace & Other Nonautomotive Transportation Equipment Outlook

          $149.00

          1. Table | AEROSPACE & OTHER NONAUTOMOTIVE TRANSPORTATION EQUIPMENT SHIPMENTS

        2. 5.6.2 Electric Motor Demand

          $177.00

          1. Table | AEROSPACE & OTHER NONAUTOMOTIVE TRANSPORTATION EQUIPMENT ELECTRIC MOTOR DEMAND

      7. 5.7 Commercial & Service Industry Equipment

        $230.00

        1. 5.7.1 Commercial & Service Industry Equipment Outlook

          $99.00

          1. Table | COMMERCIAL & SERVICE INDUSTRY EQUIPMENT SHIPMENTS

        2. 5.7.2 Electric Motor Demand

          $113.00

          1. Table | COMMERCIAL & SERVICE INDUSTRY EQUIPMENT ELECTRIC MOTOR DEMAND

      8. 5.8 Other Markets

        $122.00

        1. Table | OTHER MARKETS ELECTRIC MOTOR DEMAND

    6. 6 INDUSTRY STRUCTURE

      $5,233.00

      1. 6.1 General

        $82.00

      2. 6.2 Industry Composition

        $107.00

        1. Table | US ELECTRIC MOTOR SALES BY COMPANY, 2013

      3. 6.3 Market Share

        $469.00

        1. CHART V-1 US ELECTRIC MOTOR MARKET SHARE, 2013

      4. 6.4 Product Development

        $153.00

      5. 6.5 Manufacturing

        $82.00

      6. 6.6 Marketing & Distribution

        $91.00

      7. 6.7 Cooperative Agreements

        $109.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 6.8 Mergers & Acquisitions

        $110.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 6.9 Company Profiles

        $5,011.00

        1. 6.9.1 ABB Limited

          $231.00

        2. 6.9.2 Allied Motion Technologies Incorporated

          $188.00

        3. 6.9.3 AMETEK Incorporated

          $233.00

        4. 6.9.4 Bodine Electric Company

          $96.00

        5. 6.9.5 Bosch (Robert) GmbH

          $170.00

        6. 6.9.6 Brose Fahrzeugteile GmbH & Company KG

          $82.00

        7. 6.9.7 Danaher Corporation

          $120.00

        8. 6.9.8 DENSO Corporation

          $107.00

        9. 6.9.9 ElectroCraft Incorporated

          $146.00

        10. 6.9.10 Emerson Electric Company

          $130.00

        11. 6.9.11 General Electric Company

          $210.00

        12. 6.9.12 General Motors Company

          $82.00

        13. 6.9.13 HBD Industries Incorporated

          $146.00

        14. 6.9.14 Hitachi Limited

          $100.00

        15. 6.9.15 Inteva Products LLC

          $82.00

        16. 6.9.16 ITT Corporation

          $92.00

        17. 6.9.17 Johnson Electric Holdings Limited

          $180.00

        18. 6.9.18 Lenze SE

          $83.00

        19. 6.9.19 Mabuchi Motor Company Limited

          $133.00

        20. 6.9.20 Magnetek Incorporated

          $82.00

        21. 6.9.21 Minebea Company Limited

          $103.00

        22. 6.9.22 Mitsuba Corporation

          $82.00

        23. 6.9.23 Mitsubishi Electric Corporation

          $161.00

        24. 6.9.24 Nidec Corporation

          $364.00

        25. 6.9.25 Regal Beloit Corporation

          $376.00

        26. 6.9.26 Remy International Incorporated

          $137.00

        27. 6.9.27 Rockwell Automation Incorporated

          $103.00

        28. 6.9.28 Siemens AG

          $169.00

        29. 6.9.29 SL Industries Incorporated

          $127.00

        30. 6.9.30 Somfy SA

          $110.00

        31. 6.9.31 TECO Electric & Machinery Company Limited

          $117.00

        32. 6.9.32 Toshiba Corporation

          $170.00

        33. 6.9.33 Valeo SA

          $140.00

        34. 6.9.34 WEG SA

          $162.00

        35. 6.9.35 Yaskawa Electric Corporation

          $85.00

      10. 6.10 Other Companies Mentioned in the Study

        $196.00

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