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GIA announces the release of a comprehensive global report on Electric Motors market. Weakening momentum in most industrialized economies, tight credit conditions, and reduced housing and construction activities is expected to temporarily dislodge growth in global electric motors market. Going forwards, widespread adoption, and technological improvements will re-emerge to drive growth in the marketplace stimulating world market for electric motors to reach $39.1 billion by the year 2015.
San Jose, CA (PRWEB) June 25, 2009 -- Electric motor systems inclusive of electric motors, control systems, drives, mechanical loads and processes account for as much as about 65% of the total electricity consumed in any industry. World electric motors market has been positively impacted by new technologies, process automation, drive for energy conservation and improvements in productivity, safety and regulatory requirements, and replacement needs. Demand in this market is closely tied to growth patterns in the economy and levels of industrial activity as well as capital investment. The ongoing economic slowdown coupled with tighter financial credits, reduced housing and construction activities, and weakening demand in residential HVAC is expected to take a bite out of the market’s growth. China, over the years, has emerged to be the principal market for electric motors in the world. In an attempt to increase competitiveness and minimize costs, manufacturers in this space are expected to focus on shifting production bases to low cost Asian markets, especially China, which is emerging into a preferred hot spot for production activities.
Future growth in this sphere will stem from rapid adoption of energy-saving motors, electronic-controlled speed drives, technologically developed motor driven systems or processes, and enhanced motor driven devices. Application specific and high-performance drives will offer substantial market opportunities and the ability to provide end-to-end solutions for customers. The energy bill passed in December 2007, in the US, further raises the level of efficiency required for industrial electric motors already covered under the 1992 Energy Policy Act. As a result, sales of premium-efficient motors will continue to surge at a faster pace than standard-efficiency motors, as customers recognize the energy cost benefits that can be achieved through the use of high-efficiency motors.
As stated in the new market research report, United States, Europe and Asia-Pacific collectively dominate the world Electric Motors market. Asia-Pacific is expected to spearhead global growth, especially in the Fractional HP Motors market over the period 2006 through 2015.
Major players in the marketplace include A.O. Smith Electrical Products Company, Allied Motion Technologies Inc, Ametek Inc, ARC Systems Inc, Asmo Co Ltd, Baldor Electric Company, Brook Crompton, Danaher Motion, Emerson Motor Technologies, Franklin Electric Company Inc, Johnson Electric Holdings Ltd, Saia-Burgess Electronics Holding AG, Peerless Electric Motors, Regal-Beloit Corporation, Rockwell Automation Inc, Siemens Automation and Drives (A&D) Group, UQM Technologies Inc, among others.
The report titled "Electric Motors": A Global Strategic Business Report", announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Asia-Pacific, Latin America and rest of world. Market estimates and projections for the period 2000 through 2015 are provided for product market verticals, such as, Fractional HP Motors and Integral HP Motors (AC Motors and DC Motors).
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Electric_Motors_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
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