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US Electric Motors Market

  • December 2014
  • -
  • Freedonia
  • -
  • 265 pages

US demand to rise 5.4% annually through 2018

The US market for electric motors is forecast to expand 5.4 percent per year through 2018 to $16.2 billion, accelerating from the 2008-2013 period. Electric motors are key components in many durable goods, and as a result, suppliers will benefit from solid gains in heating, ventilation, and air conditioning (HVAC) equipment, machinery, and motor vehicle output. Rising demand for more efficient, more expensive motor products will also boost market value. However, pricing pressure from original equipment manufacturers (OEMs), as well as competition from lower cost imports, will limit value gains moving forward to a certain extent.

AC electric motors to outpace DC motors

US demand for AC motors will grow faster than the market for DC motors and remain the largest product category, with 2018 sales of $9.6 billion. Motor vehicles are expected to make up approximately one-third of incremental AC motor dollar gains, the result of a rise in hybrid and electric vehicle (H/EV) production. H/EVs use integral horsepower (IHP) AC synchronous motors for motive power, and as a result, this product will register by far the fastest gains of any major type. Increased shipments of HVAC equipment and machinery, industries that are heavy users of AC motors, will provide additional support moving forward. Demand for DC motors will approach $6.7 billion in 2018. DC motors are used extensively in transportation applications, and suppliers will benefit from increases in motor vehicle output and aerospace and other nonautomotive transportation equipment shipments. Universal motors, which can run on AC or DC power and are grouped with DC motors for the purpose of this study, are widely used in HVAC equipment and machinery, and higher shipments of these products will boost motor use.

Motor vehicles remain largest & fastest growing market

Motor vehicles are expected to post the most rapid gains and remain the largest domestic market for electric motors through 2018. In addition to an increase in total motor vehicle output, as well as a significant rise in H/EV production, gains will be spurred by the growing number of electric motor-dependent systems in the average vehicle. The HVAC and machinery markets will also provide significant sales opportunities for electric motor suppliers as shipments climb. HVAC electric motor demand will be spurred by greater construction spending, which will require the installation of entirely new systems, while machinery motor sales will be supported in part by replacement demand driven by efficiency mandates.

IHP motors to outpace FHP models in value & volume

Through 2018, fractional horsepower (FHP) motors, those with a power rating of less than one, will continue to account for a greater share of the electric motor market, in both value and volume terms, than IHP models. FHP motors are utilized in the mechanical systems of products ranging from aerospace and HVAC equipment to motor vehicles, all of which will enjoy favorable growth prospects. Nevertheless, demand for IHP motors is projected to grow faster than that for FHP motors in both value and volume terms. IHP motor sales gains will be fueled by greater H/EV production and increased HVAC equipment output. Additionally, the cost savings to industrial firms for buying more efficient equipment like IHP motors will further bolster the market.

Study coverage

This upcoming industry study, Electric Motors, presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product and market. The study also considers market environment factors, evaluates company market share and profiles 35 competitors in the US industry.

Table Of Contents

US Electric Motors Market
TABLE OF CONTENTS
INTRODUCTION viii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Personal Income and Expenditures 10
Demographic Outlook 13
Fixed Investment Trends 17
Manufacturing Outlook 20
Pricing Patterns 24
Historical Market Trends 28
Regulatory and Legal Environment 31
Technology and Material Trends 33
International Environment 37
World Supply and Demand Trends 38
US Foreign Trade 41
Imports 43
Exports 46
III. PRODUCTS 50
General 50
Electric Motor Types 51
AC Motors 55
Fractional Horsepower AC Motors 58
Single Phase 59
Polyphase 63
Integral Horsepower AC Motors 65
Induction 67
Synchronous 69
Demand by Market 71
DC Motors 74
Fractional Horsepower DC Motors 78
Brushed 79
Brushless 82
Integral Horsepower DC Motors 84
Brushed 86
Brushless 88
Demand by Market 90
Power Rating 92
Fractional Horsepower Motors 95
Demand by Type 95
Demand by Market 99
Integral Horsepower Motors 100
Demand by Type 100
Demand by Market 104
IV. MARKETS 106
General 106
Motor Vehicles 108
Motor Vehicle Outlook 109
Electric Motor Demand 113
Internal Combustion Engine Light Vehicles 116
Hybrid/Electric Light Vehicles 118
Medium and Heavy Duty Vehicles 121
Heating and Cooling Equipment 123
Heating and Cooling Equipment Outlook 124
Electric Motor Demand 125
Machinery 128
Machinery Outlook 129
Electric Motor Demand 131
Household Appliances 134
Household Appliances Outlook 135
Electric Motor Demand 136
Major Appliances 138
Small Appliances 140
Aerospace and Other Nonautomotive Transportation Equipment 142
Aerospace and Other Nonautomotive Transportation
Equipment Outlook 142
Electric Motor Demand 144
Commercial and Service Industry Equipment 147
Commercial and Service Industry Equipment Outlook 148
Electric Motor Demand 149
Other Markets 151
V. INDUSTRY STRUCTURE 154
General 154
Industry Composition 155
Market Share 158
Product Development 165
Manufacturing 167
Marketing and Distribution 168
Cooperative Agreements 170
Mergers and Acquisitions 172
Company Profiles 174
ABB Limited 175
Allied Motion Technologies Incorporated 178
AMETEK Incorporated 181
Baldor Electric, see ABB
Bodine Electric Company 184
Bosch (Robert) GmbH 186
Brose Fahrzeugteile GmbH and Company KG 188
Danaher Corporation 190
DENSO Corporation 192
Dunkermotoren, see AMETEK
Dynetic Systems, see SL Industries
Elco Group, see Regal Beloit
Electric Machinery, see WEG
ElectroCraft Incorporated 194
Emerson Electric Company 196
FAAC, see Somfy
Fasco, see Regal Beloit
GE Global Research, see General Electric
General Electric Company 198
General Motors Company 201
Globe Motors, see Allied Motion Technologies
Hansen, see ElectroCraft
HBD Industries Incorporated 202
Hitachi Limited 204
Hub City, see Regal Beloit
Inteva Products LLC 206
ITT Corporation 207
Johnson Electric Holdings Limited 209
Kollmorgen, see Danaher
LEESON Electric, see Regal Beloit
Lenze SE 212
Mabuchi Motor Company Limited 214
Magnetek Incorporated 216
Marathon Motors, see Regal Beloit
Minebea Company Limited 217
Mitsuba Corporation 219
Mitsubishi Electric Corporation 221
Morrill Motors, see Regal Beloit
Nidec Corporation 224
NMB Technologies, see Minebea
Ohio Electric Motors, see HBD Industries
Peerless Electric, see HBD Industries
Powertec Industrial Motors, see HBD Industries
Ramu, see Regal Beloit
Regal Beloit Corporation 229
Remy International Incorporated 234
Rockwell Automation Incorporated 236
Siemens AG 238
Simu, see Somfy
SL Industries Incorporated 241
Somfy SA 243
TECO Electric and Machinery Company Limited 245
Toshiba Corporation 247
Unico, see Regal Beloit
United Starters and Alternators Industries, see Remy
International
USA Industries, see Remy International
Valeo SA 250
WEG SA 252
Yaskawa Electric Corporation 255
Other Companies Mentioned in the Study 257

LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Personal Consumption Expenditures 13
3 Population and Households 17
4 Nonresidential Fixed Investment 20
5 Manufacturers' Shipments 24
6 Electric Motor Pricing 27
7 Electric Motor Historical Market, 2003-2013 30
8 World Electric Motor Demand by Region 41
9 US Foreign Trade in Electric Motors 43
10 US Electric Motor Imports by Source, 2003-2013 45
11 US Electric Motor Exports by Destination, 2003-2013 48
SECTION III -- PRODUCTS
1 Electric Motor Supply and Demand 51
2 Electric Motor Supply and Demand by Type 53
3 AC Motor Demand 56
4 Fractional Horsepower AC Motor Demand 59
5 Single Phase Fractional Horsepower AC Motor Demand 62
6 Polyphase Fractional Horsepower AC Motor Demand 65
7 Integral Horsepower AC Motor Demand 67
8 Induction Integral Horsepower AC Motor Demand 69
9 Synchronous Integral Horsepower AC Motor Demand 71
10 AC Motor Demand by Market 73
11 DC Motor Demand 76
12 Fractional Horsepower DC Motor Demand 79
13 Brushed Fractional Horsepower DC Motor Demand 82
14 Brushless Fractional Horsepower DC Motor Demand 84
15 Integral Horsepower DC Motor Demand 86
16 Brushed Integral Horsepower DC Motor Demand 88
17 Brushless Integral Horsepower DC Motor Demand 90
18 DC Motor Demand by Market 91
19 Electric Motor Supply and Demand by Power Rating 94
20 Fractional Horsepower Motor Demand by Type 97
21 Fractional Horsepower Motor Demand by Market 99
22 Integral Horsepower Motor Demand by Type 102
23 Integral Horsepower Motor Demand by Market 104
SECTION IV -- MARKETS
1 Electric Motor Demand by Market 107
2 Motor Vehicle Indicators 112
3 Motor Vehicle Electric Motor Demand by Type, Power Rating,
Segment, and Application 115
4 Internal Combustion Engine Light Vehicle Electric Motor
Demand 118
5 Hybrid/Electric Light Vehicle Electric Motor Demand 121
6 Medium and Heavy Duty Vehicle Electric Motor Demand 123
7 Heating and Cooling Equipment Shipments 125
8 Heating and Cooling Equipment Electric Motor Demand
by Type and Power Rating 128
9 Machinery Shipments 131
10 Machinery Electric Motor Demand by Type and Power Rating 134
11 Household Appliance Shipments 136
12 Household Appliance Electric Motor Demand by Type,
Power Rating, and Segment 138
13 Major Appliance Electric Motor Demand 140
14 Small Appliance Electric Motor Demand 141
15 Aerospace and Other Nonautomotive Transportation Equipment
Shipments 144
16 Aerospace and Other Nonautomotive Transportation Equipment
Electric Motor Demand 147
17 Commercial and Service Industry Equipment Shipments 149
18 Commercial and Service Industry Equipment Electric Motor
Demand 151
19 Other Markets Electric Motor Demand 153
SECTION V -- INDUSTRY STRUCTURE
1 US Electric Motor Sales by Company, 2013 157
2 Selected Cooperative Agreements 171
3 Selected Acquisitions and Divestitures 173

LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Electric Motor Prices, 2003-2023 28
2 Electric Motor Historical Market, 2003-2013 30
3 US Electric Motor Imports by Source, 2013 46
4 US Electric Motor Exports by Destination, 2013 49
SECTION III -- PRODUCTS
1 Electric Motor Demand by Type, 2013 54
2 AC Motor Demand by Type, 2013 57
3 AC Motor Demand by Market, 2013 73
4 DC Motor Demand by Type, 2013 77
5 DC Motor Demand by Market, 2013 92
6 Electric Motor Demand by Power Rating, 2003-2023 95
7 Fractional Horsepower Motor Demand by Type, 2013 98
8 Fractional Horsepower Motor Demand by Market, 2013 100
9 Integral Horsepower Motor Demand by Type, 2013 103
10 Integral Horsepower Motor Demand by Market, 2013 105
SECTION IV -- MARKETS
1 Electric Motor Demand by Market, 2013 108
2 Motor Vehicle Electric Motor Demand by Segment, 2003 116
SECTION V -- INDUSTRY STRUCTURE
1 US Electric Motor Market Share, 2013 159

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