Medium and High Power Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Albany, NY -- (SBWire) -- 06/04/2015 --Rising replacement of aging electric motors, growing manufacturing industries in several countries, and incentive programs for energy-efficient electric motors are some of the factors expected to boost demand for medium and high power motors in the coming years. However, unstable raw material prices and high cost of energy-efficient motors are the restraining factors that can hamper the growth of this market across the globe. The global medium and high power motors market is projected to touch US$69.91 billion by the end of 2019, exhibiting a 7.3% CAGR between 2013 and 2019.

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Diversity of Applications to Fuel Growth of Global Medium and High Power Motors Market

On the basis of end-use industry, the global medium and high power motors market has been segmented into industrial machinery, aerospace and other transportation, HVAC manufacturers, and commercial and other industries (such as power generation and water treatment). The industrial machinery segment is further divided into medical equipment, pulp and paper, oil refining and petrochemical, construction and mining equipment, food and beverage, and other industrial machinery and tools (such as elevators, industrial escalators, and machine tools). Among all these applications, in 2012, the industrial machinery application segment dominated the market, holding a share of 29.6%. This diverse array of application industries is expected to fuel the global medium and high power motors market.On the basis of output, the medium and high power motor market is segmented into medium power motors and high power motors. Medium power electric motors comprise motors that bear an output range between 0.746 KW and 200 KW, whereas high power electric motors have an electric output greater than 200 KW. Among these, in 2012, the medium power motors segment held 46.4% of the market in terms of revenue.

The global medium and high power motors market is categorized into AC motors and DC motors. AC motors are further categorized into single phase motors and three phase motors and medium power DC motors are divided into brushless motors and brushed motors. In 2012, AC motors led the market, accounting for 79.4% of the market in terms of revenue, and is expected to retain its position in the near future. On the basis of efficiency class, the global medium and high power motors market has been divided into non-regulated, IE4 (super premium), IE3 (premium), IE2 (high), and IE1 (standard) efficiency. Among these types, the IE2 efficiency class dominated the global medium and high power motors market, holding a market share of 70.7%, as this class can be effectively used in most nations across the globe.

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Asia Pacific Led Global Medium and High Power Motors Market in 2012

On the basis of geography, the global medium and high power motors market has been segmented into Europe, Asia Pacific, North America, and Rest of the World.In 2012, Asia Pacific dominated the global medium and high power motors market, accounting for 73.5% of the market in terms of revenue. The dominance of this region can be attributed to the rapidly increasing number of manufacturing industries in several countries such as India, South Korea, China, Indonesia, and others. Europe and North America are expected to witness high growth in the coming years, owing to incentive programs from the government for early replacement of less efficient industrial motors and strict energy consumption rules and regulations.

The global medium and high power motors market is extremely fragmented, owing to the huge number of multinational players operating in the market. Some of the prominent players in this market are Allied Motion Technologies Inc., Asmo Co., Ltd., Ametek, Inc., Siemens AG, Baldor Electric Company, Inc., Franklin Electric Co., Inc., Regal Beloit Corp., Rockwell Automation Inc., Brook Crompton UK Ltd, ARC Systems, Inc., Johnson Electric Holdings Ltd., and Danaher Motion LLC.

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