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Electric Motors

Electric Motors

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.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table ELECTRIC MOTOR DEMAND
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Environment
      • Table MACROECONOMIC INDICATORS
    • Personal Income & Expenditures
      • Table PERSONAL CONSUMPTION EXPENDITURES
    • Demographic Outlook
      • Table POPULATION & HOUSEHOLDS
    • Fixed Investment Trends
      • Table NONRESIDENTIAL FIXED INVESTMENT
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
    • Pricing Patterns
      • Table ELECTRIC MOTOR PRICING
      • Table CHART II-1 ELECTRIC MOTOR PRICES, 2003-2023
    • Historical Market Trends
      • Table ELECTRIC MOTOR HISTORICAL MARKET, 2003-2013
      • Table CHART II-2 ELECTRIC MOTOR HISTORICAL MARKET, 2003-2013
    • Regulatory & Legal Environment
    • Technology & Material Trends
    • International Environment
      • World Supply & Demand Trends
        • Table WORLD ELECTRIC MOTOR DEMAND BY REGION
      • US Foreign Trade
        • Table US FOREIGN TRADE IN ELECTRIC MOTORS
        • Table US ELECTRIC MOTOR IMPORTS BY SOURCE, 2003-2013
        • Table CHART II-3 US ELECTRIC MOTOR IMPORTS BY SOURCE, 2013
        • Table US ELECTRIC MOTOR EXPORTS BY DESTINATION, 2003-2013
        • Table CHART II-4 US ELECTRIC MOTOR EXPORTS BY DESTINATION, 2013
  • PRODUCTS
    • General
      • Table ELECTRIC MOTOR SUPPLY & DEMAND
    • Electric Motor Types
      • Table ELECTRIC MOTOR SUPPLY & DEMAND BY TYPE
      • Table CHART III-1 ELECTRIC MOTOR DEMAND BY TYPE, 2013
      • AC Motors
        • Table AC MOTOR DEMAND
        • Table CHART III-2 AC MOTOR DEMAND BY TYPE, 2013
        • Table FRACTIONAL HORSEPOWER AC MOTOR DEMAND
        • Table SINGLE PHASE FRACTIONAL HORSEPOWER AC MOTOR DEMAND
        • Table POLYPHASE FRACTIONAL HORSEPOWER AC MOTOR DEMAND
        • Table INTEGRAL HORSEPOWER AC MOTOR DEMAND
        • Table INDUCTION INTEGRAL HORSEPOWER AC MOTOR DEMAND
        • Table SYNCHRONOUS INTEGRAL HORSEPOWER AC MOTOR DEMAND
        • Table AC MOTOR DEMAND BY MARKET
        • Table CHART III-3 AC MOTOR DEMAND BY MARKET, 2013
      • DC Motors
        • Table DC MOTOR DEMAND
        • Table CHART III-4 DC MOTOR DEMAND BY TYPE, 2013
        • Table FRACTIONAL HORSEPOWER DC MOTOR DEMAND
        • Table BRUSHED FRACTIONAL HORSEPOWER DC MOTOR DEMAND
        • Table BRUSHLESS FRACTIONAL HORSEPOWER DC MOTOR DEMAND
        • Table INTEGRAL HORSEPOWER DC MOTOR DEMAND
        • Table BRUSHED INTEGRAL HORSEPOWER DC MOTOR DEMAND
        • Table BRUSHLESS INTEGRAL HORSEPOWER DC MOTOR DEMAND
        • Table DC MOTOR DEMAND BY MARKET
        • Table CHART III-5 DC MOTOR DEMAND BY MARKET, 2013
    • Power Rating
      • Table ELECTRIC MOTOR SUPPLY & DEMAND BY POWER RATING
      • Table CHART III-6 ELECTRIC MOTOR DEMAND BY POWER RATING, 2003-2023
      • Fractional Horsepower Motors
        • Table FRACTIONAL HORSEPOWER MOTOR DEMAND BY TYPE
        • Table CHART III-7 FRACTIONAL HORSEPOWER MOTOR DEMAND BY TYPE, 2013
        • Table FRACTIONAL HORSEPOWER MOTOR DEMAND BY MARKET
        • Table CHART III-8 FRACTIONAL HORSEPOWER MOTOR DEMAND BY MARKET, 2013
      • Integral Horsepower Motors
        • Table INTEGRAL HORSEPOWER MOTOR DEMAND BY TYPE
        • Table CHART III-9 INTEGRAL HORSEPOWER MOTOR DEMAND BY TYPE, 2013
        • Table INTEGRAL HORSEPOWER MOTOR DEMAND BY MARKET
        • Table CHART III-10 INTEGRAL HORSEPOWER MOTOR DEMAND BY MARKET, 2013
  • MARKETS
    • General
      • Table ELECTRIC MOTOR DEMAND BY MARKET
      • Table CHART IV-1 ELECTRIC MOTOR DEMAND BY MARKET, 2013
    • Motor Vehicles
      • Motor Vehicle Outlook
        • Table MOTOR VEHICLE INDICATORS
      • Electric Motor Demand
        • Table MOTOR VEHICLE ELECTRIC MOTOR DEMAND BY TYPE, POWER RATING, SEGMENT, &APPLICATION
        • Table CHART IV-2 MOTOR VEHICLE ELECTRIC MOTOR DEMAND BY SEGMENT, 2013
        • Table INTERNAL COMBUSTION ENGINE LIGHT VEHICLE ELECTRIC MOTOR DEMAND
        • Table HYBRID/ELECTRIC LIGHT VEHICLE ELECTRIC MOTOR DEMAND
        • Table MEDIUM & HEAVY DUTY VEHICLE ELECTRIC MOTOR DEMAND
    • Heating & Cooling Equipment
      • Heating & Cooling Equipment Outlook
        • Table HEATING & COOLING EQUIPMENT SHIPMENTS
      • Electric Motor Demand
        • Table HEATING & COOLING EQUIPMENT ELECTRIC MOTOR DEMAND BY TYPE & POWER RATING
    • Machinery
      • Machinery Outlook
        • Table MACHINERY SHIPMENTS
      • Electric Motor Demand
        • Table MACHINERY ELECTRIC MOTOR DEMAND BY TYPE & POWER RATING
    • Household Appliances
      • Household Appliances Outlook
        • Table HOUSEHOLD APPLIANCE SHIPMENTS
      • Electric Motor Demand
        • Table HOUSEHOLD APPLIANCE ELECTRIC MOTOR DEMAND BY TYPE, POWER RATING, &SEGMENT
        • Table MAJOR APPLIANCE ELECTRIC MOTOR DEMAND
        • Table SMALL APPLIANCE ELECTRIC MOTOR DEMAND
    • Aerospace & Other Nonautomotive Transportation Equipment
      • Aerospace & Other Nonautomotive Transportation Equipment Outlook
        • Table AEROSPACE & OTHER NONAUTOMOTIVE TRANSPORTATION EQUIPMENT SHIPMENTS
      • Electric Motor Demand
        • Table AEROSPACE & OTHER NONAUTOMOTIVE TRANSPORTATION EQUIPMENT ELECTRIC MOTOR DEMAND
    • Commercial & Service Industry Equipment
      • Commercial & Service Industry Equipment Outlook
        • Table COMMERCIAL & SERVICE INDUSTRY EQUIPMENT SHIPMENTS
      • Electric Motor Demand
        • Table COMMERCIAL & SERVICE INDUSTRY EQUIPMENT ELECTRIC MOTOR DEMAND
    • Other Markets
      • Table OTHER MARKETS ELECTRIC MOTOR DEMAND
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table US ELECTRIC MOTOR SALES BY COMPANY, 2013
    • Market Share
      • Table CHART V-1 US ELECTRIC MOTOR MARKET SHARE, 2013
    • Product Development
    • Manufacturing
    • Marketing & Distribution
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Company Profiles
      • ABB Limited
      • Allied Motion Technologies Incorporated
      • AMETEK Incorporated
      • Bodine Electric Company
      • Bosch (Robert) GmbH
      • Brose Fahrzeugteile GmbH & Company KG
      • Danaher Corporation
      • DENSO Corporation
      • ElectroCraft Incorporated
      • Emerson Electric Company
      • General Electric Company
      • General Motors Company
      • HBD Industries Incorporated
      • Hitachi Limited
      • Inteva Products LLC
      • ITT Corporation
      • Johnson Electric Holdings Limited
      • Lenze SE
      • Mabuchi Motor Company Limited
      • Magnetek Incorporated
      • Minebea Company Limited
      • Mitsuba Corporation
      • Mitsubishi Electric Corporation
      • Nidec Corporation
      • Regal Beloit Corporation
      • Remy International Incorporated
      • Rockwell Automation Incorporated
      • Siemens AG
      • SL Industries Incorporated
      • Somfy SA
      • TECO Electric & Machinery Company Limited
      • Toshiba Corporation
      • Valeo SA
      • WEG SA
      • Yaskawa Electric Corporation
    • Other Companies Mentioned in the Study

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