1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends

US Electric Motors Market

  • December 2014
  • 265 pages
  • Freedonia
Report ID: 1158041

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Electric motor Market - Opportunity and Forecast, 2014-2022

Electric motor Market - Opportunity and Forecast, 2014-2022

  • $ 3840
  • Industry report
  • March 2017
  • by Allied Market Research

The electric motor market is expected to grow at a considerable rate in the years to come. Owing to rapid technological advancements in the last few years, the current electric market gains traction. Electric ...

China electric motor manufacturing industry, 2017

China electric motor manufacturing industry, 2017

  • $ 3600
  • Industry report
  • March 2017
  • by Reports from China

China electric motor manufacturing industry, 2017 is valuable for anyone who wants to invest in the electric motor manufacturing industry, to get Chinese investments; to import into China or export from ...

United States Electric Motors Market By Type, By Application, Competition Forecast and Opportunities, 2012 – 2022

United States Electric Motors Market By Type, By Application, Competition Forecast and Opportunities, 2012 – 2022

  • $ 2700
  • Industry report
  • April 2017
  • by TechSci Research

From the smallest motor found in a quartz watch to a million-plus horsepower motor powering a ship, motors are extensively used in many diverse applications such as pumps, compressors, fans, etc. Electric ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.