CATEGORY

Industrial Motor

An industrial electric motor is an electrical machine that converts electrical energy into mechanical energy and operate through interacting magnetic fields and current-carrying conductors to generate force.

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CATEGORY ALERTS

Mahle develops ?one of the most durable? electric motor with new cooling tech

July 12, 2022
alert level: Medium
CATEGORY ALERTS

Emitech?s new EMC test facility sharpens focus on EV motors

July 20, 2022
alert level: Medium
CATEGORY ALERTS

Collins Aerospace produces first prototype 500KW electric motor for Hybrid Air Vehicles

July 28, 2022
alert level: Low

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Industrial Motor Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Industrial Motor category is 4.00%

Payment Terms

(in days)

The industry average payment terms in Industrial Motor category for the current quarter is 96.0 days

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    Industrial Motor Suppliers


    67,849
    Total Suppliers
    1,996
    Diverse Suppliers
    81
    Normalized Supplier Rating
    Industrial Motor Supplier

    Find the right-fit industrial motor supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ABB Ltd
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    59
    Social
    54
    Governance
    62
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    58
    Community Environment
    37
    Corporate governance
    67
    Human resources
    54
    Security Scorecard
    97

    Threat indicators
    A
    100
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    88
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    global.abb
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    7
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    8
    Corruption Issues
    11
    Regulatory Non Compliance Flags
    27
    Fraud Issues
    7
    Labor Health Safety Flags
    8
    Regulatory Issues
    9
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    59
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Industrial Motor market frequently asked questions


    What is the electric motor market size in the major market regions across the globe'

    From Beroe's industrial motors market report, the factors driving the market growth are ' ' increasing demand from industrial consumers in the emerging and developed countries backed by increasing investment in infrastructural development ' regulations governing the replacement of existing motors with premium efficiency motors, especially in North America and Europe

    As indicated by Beroe's electric motor market analysis, the primary factor that will drive the increase in the global sales of electric motors is the increasing demand from downstream industries, especially in emerging economies. On the other hand, the situation looks different in the developed economies, where the boost in motor sales will be observed due to the regulations demanding consumers to upgrade to higher efficiency motors.

    As 96 percent of the total costs of running electric motors over a lifetime can be attributed to energy costs, the rise in energy prices globally would result in an increased demand for higher-efficiency electric motors. Secondly, with the development of new electric motor technologies, the use of such products will be increased in new applications. Considering these factors, major manufacturers are increasing their spending on R&D to differentiate their products from those of competitors.

    According to Beroe's report on industrial motors market share of key players, ABB accounts for 12.55 percent of the global motor's revenue, followed by Siemens at 10.05 percent, WEG at 8.87 percent, TECO Westinghouse 2.79 percent, Hyundai at 2.30 percent and other players at 62.58 percent.

    According to industrial motors market trends and analysis by Beroe, the constraints that the industrial motors market has to face are ' Barriers to adoption of high-efficiency industrial motors due to the buyer's focus on short term savings rather than life cycle cost assessments High competition among manufacturers leading to low-profit margins within the electrical motors industry The typical product life cycle of over 15 years restricts the growth of smaller manufacturers

    Entering into the industrial motor market can be challenging because it is a capital-intensive segment and manufacturing firms have to comply with the regulations. They need to have proven credentials that have to be approved by consultants and opinion leaders like electrical consultants. Other constraints that the electric motor market faces are ' Most of the buyers are cost-oriented and focus on short-term savings without considering the life cycle costs of the motor. Typically, they prefer repairing the existing motor instead of replacing them due to the cost factor and production downtimes. The competition is quite high among the industrial motor manufacturers. As a result, the profit margins are low within the electric motors market. In addition to that, as the lifecycle of these motors is usually over 15 years, small manufacturers don't get a chance to enter the market. So, these manufacturers try to compete in the market by cutting down on the costs which also affects the quality of the products they manufacture.

    Industrial Motor market report transcript


    Global Industrial Motors Market Outlook

    • Manufacturing of industrial motors requires huge amounts of raw materials, which make up for around 50% of the total industrial motor cost.
    • Copper and steel are the major raw materials and are abundantly available which makes the supplier power low.
    • Currently, there is no technology or product that provides an alternative solution to industrial motors for buyers.
    • However, within the electric motor market, the threat of substitution is high. The low-efficient motors could be substituted with higher-efficiency motors and AC motors can be substituted with PM motors or sync motors in few applications.
    • The industrial motor market has high barriers to entry as the segment is capital intensive and is required to comply with regulations.
    • Industry motor manufacturers must have proven credentials in a particular segment and are required to be approved by consultants and opinion leaders (such as electrical consultants). Without these approvals, it is difficult for them to compete against global players.
    • The sourcing channels include original equipment manufacturers (OEM), distributors, and system integrators.

    Global Industrial Motors Market Overview

    • Asia Pacific (APAC) will remain the epicenter for lucrative growth opportunities in the industrial motors market over the forecast period. 
    • With the fast-paced industrialization, APAC is shifting toward internet-driven industrial operations in each vertical. Japan, South Korea, and Australia are increasingly unlocking the potential of leading-edge services and connected technologies. 
    • Moving ahead, APAC is the leading manufacturer of automobiles across the world. In 2018, the region produced over 50 million commercial automobiles. In that region, the industrial motor market in India is grabbing huge attention from stakeholders. 
    • Also, regulations governing the replacement of existing motors with premium efficiency motors, especially in North America and Europe, are further expected to drive the demand for industrial motors.

    Industrial Motors Market Size and Trend

    • APAC will continue to dominate the market, in terms of driving the demand for industrial motors.
    • Increasing demand from industrial consumers in the emerging and developed countries, backed by increasing investment in infrastructural development, is expected to drive the industrial motors demand globally. Also, the regulation governing the replacement of existing motors with premium efficiency motors, especially in North America and Europe, is further expected to drive the demand for industrial motors.

    Global Industrial Motors Drivers and Constraints

    Drivers

    • Increasing demand from downstream industries is expected to primarily influence the global industrial motors market outlook.
    • Heating, ventilation, and air conditioning (HVAC) systems are among the key building components of modern infrastructure, particularly for shopping malls or large office buildings. Electric DC motors are broadly utilized in HVAC systems as they help achieve greater efficacy in the airflow systems and optimize their energy usage and service life.
    • Energy costs account for around 96% of the total lifetime costs of running electric motors. With the increase in energy prices globally, there would be an increased demand for higher-efficiency electric motors.
    • The development of new electric motors will boost the usage of such products in new applications. Major manufacturers are increasing their spending on R&D to differentiate their products from those of competitors.
    • The global automotive sector is turning to electric mobility with notable changes in electric vehicle (EV) technology. Governments in Europe have taken proactive measures for decarbonization, triggering the adoption of EVs, and thus auguring well for the electric motor market.

    Constraints

    • Various barriers to the adoption of high-efficiency industrial motors involve customer sentiment such as buyers being cost-oriented and focusing on short-term savings as opposed to life cycle cost assessments. Further, motor users prefer to repair the existing motors rather than replace them, due to concerns regarding costs and production downtimes.
    • High competition among industrial motor manufacturers leads to low-profit margins within the industry. Coupled with a product lifecycle, which is typically over 15 years, this restricts the growth of smaller manufacturers, especially in emerging markets. Such suppliers typically compete on price terms, which affects the quality of the products they manufacture.
    • Fluctuating prices of raw materials such as steel bars, permanent magnets, copper wires, and precision thin metals - specialty alloys - which are used to manufacture electric motors.

    Industrial Motors Market Overview

    • The global industrial motors market is highly raw material intensive with the raw materials contributing to around 50 percent of the total industrial motor cost.
    • Copper and steel are the major raw materials and are abundantly available which makes the supplier power low.
    • Currently, there is no technology or product which provides an alternative solution to industrial motors for a buyer.
    • However, within the electric motor market threat of substitution is high. The low efficient motors could be substituted with higher efficiency motors and AC motors can be substituted with PM motors or Sync motors in few applications.
    • The industrial motor market has high barriers to entry as the segment is capital intensive and is required to comply with regulations.
    • Industry motor manufacturers are required to have proven credentials in a particular segment and required to be approved by consultants and opinion leaders (like electrical consultants). Without these approvals, it is difficult for them to compete against global players.
    • The sourcing channels include OEMs, distributors, and system integrators.

    Pricing Models

    • Details about the different pricing models in the industrial motor market are given in the report with the inherent pros and cons of each.
    • The components that have the greatest impact on the cost and pricing are raw materials, design, and labor.
    • The two main models are the contractual and direct buying models.

    There are different metals that are the main price drivers of the electric motor market. Each of these price drivers is analyzed individually and described. This helps understand the pricing dynamics of the market.  In addition, labor and electricity also have a direct influence on the electric motor market trends.

    • Copper
    • Pig Iron & Ferrous Scrap
    • Carbon Steel
    • Grain Oriented Electrical Steel

    Why You Should Buy This Report

    • The electric motor market report gives information about industrial motor market size, overview, trends, electric motor market analysis, and drivers and constraints.
    • Regional industrial motors market outlook for North America, APAC, EMEA, and LATAM regions with detailed facts and figures of each region is given.
    • Porter’s five forces analysis of the global industry motors market gives an overview of the market dynamics and competitive factors.
    • Supplier profile and market share of key players in the electric motor market.
    • Cost structure, price driver analysis, price trend, and forecast.
    • The price driver analysis includes the details of labor as well as the source metals that drive the price of motors such as copper, pig iron & ferrous scrap, carbon steel, and grain-oriented electrical steel.
    • Learn about electric motor market size, best procurement practices, sourcing channels, etc.
    • Electrical Motors such as AC motors (Alternating Current Motor), DC motors (Direct Current Motor), induction motor, torque converter, motion controller, single-phase motor, three-phase motor and variable drive, etc.
    • The supply-demand,  manufacturing, and production analysis for electrical motor segments in the market such as AC motor, DC motor, BLDC motor (Brush Less Direct Current Motor), foot mount motor, flange mount motor, geared motor, gearless motor, squirrel cage motor, synchronous motor, stepper motor, Servo motor, and BLDC Motor.
    • There are constant innovations in the market. The report details the more salient developments and innovations in the industrial motor market. Features that improve efficiency and safety are the most in demand. 
    • There are constant innovations in the industrial motors industry. The report details the more salient developments and innovations in the market. Features that improve efficiency and safety are the most in-demand.