Industrial Motor Market Intelligence

Industrial Motor Market Description

The global industrial motors market is expected to reach $58.9 billion by 2019, growing at a CAGR of 6-7 percent. Increasing demand from downstream industries is expected to be the primary driver for the increase in the global industrial motor sales, especially in the emerging economies. In the developed economies, regulations demanding consumers to upgrade to higher efficiency motors will further boost the motor sales. APAC is the fastest growing industrial motors market, primarily due to the lower manufacturing cost and higher end-use demand. China is expected to witness the highest growth levels, and this is expected to be primarily driven by the shift to IE2/GB3 motors in China and also by the expected shift of Japan to IE3 industrial motors.

The report includes a comprehensive regional market overview of the regions in North America, EMEA, APAC, and LATAM. It also covers Porter’s Five force analysis for the global motor market. The supplier analysis in the report shares the list of global suppliers in the motor industry including ABB, Siemens, General Electric, WEG Industries SA, and Hyundai Electric & Energy Systems Co., Ltd. The report further provides cost and pricing analysis along with procurement best practices.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Industrial Motors Market Size and Trend
Key Global Supplier Profiles
Cost Structure Analysis
Cost Structure–Medium Voltage Motor
Price Driver Analysis

Industrial Motor Market Trend, Analysis & Forecast

Category Intelligence on Industrial Motor covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Industrial Motors Executive Summary

1.1 Category Landscape
1.2 Regional Market Outlook

2. Industrial Motors Market Analysis

2.1 Market Maturity
2.2 Market Size and Trend
2.3 Drivers and Constraints
2.4 Regional Market Outlook
2.5 Porter’sFive Forces Analysis

3. Industrial Motors Supply Analysis

3.1 Supply Market Outlook
3.2 Key Player Market Share
3.3 Supplier Profile
3.4 Top 5 Suppliers Profile and SWOT Analysis

4. Industrial Motors Cost and Pricing Analysis

4.1 Cost Structure Analysis
4.2 Price Driver Analysis
– Copper
– Pig Iron & Ferrous Scrap
– Electricity
– Carbon Steel
– Grain Oriented Electrical Steel
– Labor

5. Industrial Motors Procurement Best Practices

5.1 Sourcing Channels
5.2 Procurement Practices

Global Market Outlook on Industrial Motors

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, regulations 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

industrial-motors-market-size

Global Industrial Motors Market Overview

Increasing demand from downstream industries is expected to be the primary driver for increase in the global industrial motor sales, especially in the emerging economies. In the developed economies, regulations demanding that consumers upgrade to higher efficiency motors will boost motor sales

Industrial Motors Market Size and Trend

The global industrial motors market was estimated to be around $ 51.6 billion in 2017 and is expected to reach $ 51.6 billion by 2019, growing at a CAGR of 6-7 percent during 2016-2019.
Global industrial motors production accounts for about 2 percent of the global electric motors production in 2013 but accounted for $ 40 billion (42 percent) of $ 95 billion global electric motors market in 2013. This can be accounted to the relatively higher average price of industrial motors compared with that of non-industrial motors
The global replacement demand forms a considerable portion of the overall industrial motors demand. With the increasing legislative norms, the market for replacements and repairs is expected to grow, especially in emerging economies
The major end-user applications for industrial motors are pumps, blowers, industrial fans, material handling and processing applications

The number of industrial motors shipped in 2013 was estimated to be around 193 million units and is expected to reach 257 million units by 2019, growing at a CAGR of 4-5 percent between 2014-2019
Integral horsepower motors (i.e. units above 0.75 KW) dominates the industrial motors segment and holds a market share of around 57 percent
In most of the developed markets, like North America and Europe, retrofit and replacement are expected to drive the demand for IHP motors
For higher operational excellence and enhanced return on investments, there is an increased preference by industrial users for custom made motors compared to standard motors due to space constraints and extreme operating conditions. Industries like mining, cotton and pulp and paper industries are expected to drive the demand for custom made motors

Global Industrial Motors Drivers and Constraints

Drivers

Increasing demand from downstream industries is expected to be the primary driver for increase in global industrial motor sales
Regulations demanding that consumers upgrade to higher efficiency motors will boost motor sales in relevant geographies. Most geographies are expected to switch to premium efficiency motor systems by 2017
Energy costs account for around 96 percent of the total lifetime costs of running electric motors. With increase in energy prices globally, there would be an increased demand for higher efficiency electric motors
Development of new electric motor technologies is expected to boost use of such products in new applications. Major manufacturers are increasing spend on R&D so as to differentiate their products from those of competitors

Constraints

Various barriers to 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, and coupled with 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

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