Global Integral Horsepower Motors Market 2015-2019
About global integral horsepower motors
An electric motor is a device that converts electrical energy into mechanical motion. Electric motors can be classified into two based on their power classification: fractional horsepower motors and integral horsepower motors. Integral horsepower motors have a horsepower of 1 HP or more. These motors are primarily used in automotive industries, HVAC segments, mining and utilities, and food and beverage industries.
Technavio's analysts forecast the global integral horsepower motors market to grow at a CAGR of 6.81 percent over the period 2014-2019.
Covered in this report
The global integral horsepower motors market can be segmented into three: small motors (0.75-200 kW), medium motors (201-315 kW), and large motors (>315 kW).
Technavio's report, Global Integral Horsepower Motors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, and EMEA; it also covers the global integral horsepower motors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Integral Horsepower (IHP) Motors Market 2015-2019
Technavio recognizes the following companies as the key players in the global integral horsepower (IHP) motors market: ABB, Emerson Electric, Johnson Electric, Siemens and WEG
Other Prominent Vendors in the market are: Able motors, Allied Motion Technologies, ARC Systems, Brook Crompton, Danaher Motion, GE, GuangDong M&C Electric Power, Huali, Regal Beloit, Rockwell Automation, Sumitomo Heavy Industries, TECO-Westinghouse and Toshiba
Commenting on the report, an analyst from Technavio’s team said: “Carbon nanotube yarns are a recent innovation that may replace copper windings inside motors, boosting motor efficiency. The Lappeenranta University of Technology conducted a test using woven materials made of carbon nanotubes. The results indicate that carbon nanotubes have twice the conductivity of copper windings and can reduce energy loss. This will help increase motor efficiency and reduce energy consumption. However, the results are preliminary and the experiment is in the testing phase. More R&D is required to develop motors of higher efficiency.”
According to the report, rapid industrialization and urbanization are generating a greater need for power and energy. APAC consists of growing economies such as India and China that have increased energy requirements. However, this demand is not being met by existing power plants, leading to higher energy prices and continual power disruptions. This has compelled vendors to look for ways to reduce operational costs by using energy-efficient motors, which is boosting demand for IHP motors. In addition, more companies are now replacing old, inefficient processes with new ones like IHP motors in a bid to boost productivity and lower costs.
Further, the report states that cheap imports from China are also affecting domestic vendors in many countries.
ABB, Emerson Electric, Johnson Electric, Siemens, WEG, Able motors, Allied Motion Technologies, ARC Systems, Brook Crompton, Danaher Motion, GE, GuangDong M&C Electric Power, Huali, Regal Beloit, Rockwell Automation, Sumitomo Heavy Industries, TECO-Westinghouse, Toshiba
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