US manufacturing of electric motors, generators, pumps, and compressors involves about 1,000 companies, with combined annual revenue of $20 billion. Big manufacturers include AO Smith, IDEX Corp, Franklin Electric, and operating divisions of large companies like GE, Ingersoll Rand, and Emerson Electric. The industry is highly concentrated: the 50 largest companies control about 80 percent of each market segment.
COMPETITIVE LANDSCAPE
Industrial and manufacturing companies drive demand. The profitability of individual companies depends on efficient production. Small companies can compete by specializing. While larger companies, like GE, produce mainly a standard line of products, smaller companies are more likely to adapt products for customers' special needs. The industry is fairly automated: average annual revenue per worker is close to $200,000.
PRODUCTS, OPERATIONS & TECHNOLOGY
Products include about $9 billion of electrical motors and generators, $7 billion of pumps, and $4 billion of air and gas compressors. Fractional horsepower motors (fractions of one horsepower) account for the majority of motor and generator production; followed by integral horsepower motors (multiples of one horsepower); "prime mover" generators (powered by prime movers like diesel or steam engines); and motor-generator sets. Almost all motors and generators are sold to industrial users (both as components in product manufacture and for industrial process use), as sources of power for industrial use, and as emergency electrical sources for commercial users.
The three major types of pumps and compressors are rotary gear, centrifuge, and ...
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