World Electric Motors Market

  • October 2013
  • -
  • Freedonia
  • -
  • 425 pages

World demand to rise 6.5% annually through 2017

World demand for electric motors is projected to increase 6.5 percent per year to $122.5 billion in 2017. Electric motors are key components in many durable goods, and as manufacturing output rises, sales of electric motors will follow. In mature motor markets such as Japan, the US, and Western Europe, growth in demand will be driven by rebounding motor vehicle production in these areas as a whole and a healthier fixed investment environment. In nations where electric motor markets are still developing, sales will be fueled by rapidly increasing durable goods manufacturing output and the improving ability of the average consumer to purchase items such as automobiles and household appliances, boosting demand for these goods.

Asia/Pacific region to be top source of new demand

The Asia/Pacific region will be the largest source of market growth through 2017. Regional electric motor demand is expected to climb 7.9 percent per year to $74.3 billion, accounting for more than 70 percent of all incremental sales between 2012 and 2017. The vast majority of these gains will be registered in China, where demand will advance at a 9.1 percent annual rate through 2017, tied with India as the fastest pace of increase of the major markets in the world. Chinese electric motor sales will be stimulated by rapidly expanding production of a number of durable goods in a strong fixed investment environment. In 2017, China will account for over onethird of world electric motor demand, and product sales in the nation will be greater than the market total for Japan, North America, and Western Europe combined.

Demand growth in mature markets to accelerate

Overall electric motor demand in Japan, the US, and Western Europe, the largest mature markets, will expand faster than it did during the 2007-2012 period. In most of these countries, manufacturing activity -- especially motor vehicle output -- plummeted between 2007 and 2009, before strengthening during the 2010- 2012 period. Electric motor sales followed a similar pattern, falling between 2007 and 2009 before turning upward in recent years as manufacturing output recovered. In addition to rising domestic motor vehicle output, market gains in these nations will be bolstered by growing exports of industrial and other durable goods to the developing world.

AC motors to remain dominant over DC models

Through 2017, the global market for alternating current (AC) motors will grow the most in absolute terms and continue to represent a greater portion of overall demand than direct current (DC) models.

AC motor sales gains will be supported by the favorable outlook for shipments of heating and cooling equipment, household appliances, and machinery, three major applications for these products.

Suppliers of DC motors will benefit from strengthening motor vehicle output.

Motor vehicles to be fastest growing market

Motor vehicles are projected to register the fastest electric motor sales gains through 2017, boosted by climbing automotive production and the increasing number of electric motor dependent systems in the average vehicle. Heating and cooling equipment-related sales will record the second most rapid increases as building construction activity expands.

Study coverage

This upcoming Freedonia industry study, World Electric Motors, is available for $6100. It presents historical demand data (2002, 2007, 2012) plus forecasts for 2017 and 2022 by product, market, world region, and for 20 major countries. The study also considers market environment factors, evaluates company market share and profiles 39 global industry players.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 7
World Gross Fixed Investment Outlook 10
World Manufacturing Outlook 13
World Motor Vehicle Production Trends 15
World Hybrid and Electric Vehicle Outlook 18
Pricing Patterns 21
Technological Trends 24
Legal and Regulatory Environment 27

III. WORLD SUPPLY and DEMAND 30

General 30
Regional Overview 31
Demand 31
Production 37
International Trade 39
Demand by Product 41
Alternating Current 43
Fractional 45
Integral 46
Direct Current 47
Fractional 49
Integral 50
Demand by Market 51
Motor Vehicles 53
Conventional 55
Hybrid/Electric Vehicles 57
Household Appliances 58
Heating and Cooling Equipment 60
Machinery 62
Other 65

IV. NORTH AMERICA 68

General 68
Electric Motor Supply and Demand 69
Electric Motor Market Outlook 72
United States 74
Canada 80
Mexico 85

V. WESTERN EUROPE 92

General 92
Electric Motor Supply and Demand 93
Electric Motor Market Outlook 96
Germany 98
Italy 104
France 110
United Kingdom 116
Spain 122
Other Western Europe 127

VI. ASIA/PACIFIC 134

General 134
Electric Motor Supply and Demand 135
Electric Motor Market Outlook 139
China 141
Japan 149
South Korea 156
India 163
Thailand 169
Other Asia/Pacific 175
Indonesia 182
Taiwan 183
All Other 185

VII. OTHER REGIONS 186

Central and South America 186
General 186
Electric Motor Supply and Demand 187
Electric Motor Market Outlook 191
Brazil 193
Other Central and South America 199
Eastern Europe 205
General 205
Electric Motor Supply and Demand 206
Electric Motor Market Outlook 209
Russia 210
Other Eastern Europe 216
Poland 223
Czech Republic 224
All Other 225
Africa/Mideast 226
General 226
Electric Motor Supply and Demand 228
Electric Motor Market Outlook 231
Turkey 233
Other Africa/Mideast 238

VIII. INDUSTRY STRUCTURE 245

General 245
Industry Composition 246
Market Share 248
Product Development 253
Manufacturing 255
Marketing and Distribution 257
Cooperative Agreements 258
Mergers and Acquisitions 262
Company Profiles 267
ABB Limited 268
Acheng Relay, see Harbin Electric
Advanced Motors and Drives, see Nidec
AMETEK Incorporated 272
Ansaldo Sistemi Industriali, see Nidec
AO Smith Electrical Products, see Regal Beloit
ASMO, see DENSO
ATB Austria Antriebstechnik, see Wolong Holding Group
Australian Fan and Motor, see Regal Beloit
Automatismos Pujol, see Somfy
Baldor Electric, see ABB
Bosch (Robert) GmbH 276
Brook Crompton UK, see Wolong Holding Group
Brose Fahrzeugteile GmbH and Company KG 280
Brose-SEW Elektromobilitäts, see Brose Fahrzeugteile
and SEW-EURODRIVE
Canon Incorporated 282
China CNR Corporation Limited 283
Control Techniques, see Emerson Electric
Converteam, see General Electric
DENSO Corporation 285
Dunkermotoren, see AMETEK
Elco Group, see Regal Beloit
Electric Machinery, see WEG
Emerson Electric Company 288
Euclid Universal, see Nidec
FAAC, see Somfy
Fasco, see Regal Beloit
Gaviota Simbac, see Somfy
GE Transportation, see General Electric
General Electric Company 290
Haier Group Company 294
Hansen, see Minebea
Harbin Electric Corporation 295
Hitachi Limited 297
Hub City, see Regal Beloit
Hyundai Heavy Industries Company Limited 299
Imperial Electric, see Nidec
Inteva Products LLC 300
Jiangsu Kaiyu Auto Appliance, see Nidec
Johnson Electric Holdings Limited 302
Kinetek, see Nidec
LEESON Electric, see Regal Beloit
Lenze SE 305
Leroy-Somer, see Emerson Electric
Mabuchi Motor Company Limited 307
Marathon Electric Manufacturing, see Regal Beloit
Merkle-Korff Industries, see Nidec
Minebea Company Limited 310
Mitsuba Corporation 314
Mitsubishi Electric Corporation 317
Morrill Motors, see Regal Beloit
Nanyang Explosion Protection Group Company Limited 320
Nidec Corporation 322
Ningbo Dooya Mechanic and Electronic Technology,
see Somfy
Oriental Motor Company Limited 331
Panasonic Corporation 333
Ramu, see Regal Beloit
Regal Beloit Corporation 336
Remy International Incorporated 341
Sanyo Seimitsu, see Nidec
SCD, see Nidec
SEW-EURODRIVE GmbH and Company KG 345
Shandong Huali Electric Motor Group Company Limited 347
Shaoxing Oli Wolong Vibration Machinery, see
Wolong Holding Group
Shenzhen SMART Micromotor, see Johnson Electric
Holdings
Siemens AG 349
Simu, see Somfy
SIREM, see Somfy
Somfy SA 352
TECO Electric and Machinery Company Limited 356
Toshiba Corporation 359
Toshiba Mitsubishi-Electric Industrial Systems, see
Mitsubishi Electric and Toshiba
Unico, see Regal Beloit
Valeo SA 362
Watt Drive Antriebstechnik, see WEG
WEG SA 364
Welling Holding Limited 368
Wolong Holding Group Company Limited 371
Xiangtan Electric Manufacturing Company Limited 375
Yaskawa Electric Corporation 376
Yongji Xinshisu Electric Equipment, see China CNR
Zest Electric Motors Proprietary, see WEG
Zhangqiu Haier Electromotor, see Haier Group
Zhejiang Lianda Science and Technology, see Somfy
Zhejiang Wolong Home Appliance, see Panasonic and
Wolong Holding Group
Zhongshan Broad-Ocean Motor Company Limited 379
Other Companies Mentioned in Study 380



LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Gross Fixed Investment by Region 12
3 World Manufacturing Value Added by Region 14
4 World Motor Vehicle Production by Type and Region 18
5 World Hybrid and Electric Vehicle Production by Type and Region 20
6 World Electric Motor Price Deflators 23

SECTION III -- WORLD SUPPLY and DEMAND

1 World Electric Motor Demand by Region 34
2 World Electric Motor Shipments by Region 38
3 World Electric Motor Net Exports by Region 41
4 World Electric Motor Demand by Product 42
5 World AC Electric Motor Demand by Type and Region 45
6 World DC Electric Motor Demand by Type and Region 49
7 World Electric Motor Demand by Market 52
8 World Motor Vehicle Electric Motor Demand by Vehicle Type
and Region 55
9 World Household Appliance Electric Motor Demand
by Region 60
10 World Heating and Cooling Equipment Electric Motor Demand
by Region 62
11 World Machinery Electric Motor Demand by Region 65
12 World Demand for Electric Motors Used in Other Markets
by Region 67

SECTION IV -- NORTH AMERICA

1 North America: Electric Motor Supply and Demand 71
2 North America: Electric Motor Demand by Product and Market 74
3 United States: Electric Motor Supply and Demand 78
4 United States: Electric Motor Demand by Product and Market 80
5 Canada: Electric Motor Supply and Demand 83
6 Canada: Electric Motor Demand by Product and Market 85
7 Mexico: Electric Motor Supply and Demand 89
8 Mexico: Electric Motor Demand by Product and Market 91

SECTION V -- WESTERN EUROPE

1 Western Europe: Electric Motor Supply and Demand 95
2 Western Europe: Electric Motor Demand by Product and Market 98
3 Germany: Electric Motor Supply and Demand 102
4 Germany: Electric Motor Demand by Product and Market 104
5 Italy: Electric Motor Supply and Demand 108
6 Italy: Electric Motor Demand by Product and Market 110
7 France: Electric Motor Supply and Demand 114
8 France: Electric Motor Demand by Product and Market 116
9 United Kingdom: Electric Motor Supply and Demand 120
10 United Kingdom: Electric Motor Demand by Product
and Market 122
11 Spain: Electric Motor Supply and Demand 125
12 Spain: Electric Motor Demand by Product and Market 127
13 Other Western Europe: Electric Motor Supply and Demand 131
14 Other Western Europe: Electric Motor Demand by Product
and Market 133

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Electric Motor Supply and Demand 138
2 Asia/Pacific: Electric Motor Demand by Product and Market 141
3 China: Electric Motor Supply and Demand 146
4 China: Electric Motor Demand by Product and Market 149
5 Japan: Electric Motor Supply and Demand 153
6 Japan: Electric Motor Demand by Product and Market 156
7 South Korea: Electric Motor Supply and Demand 160
8 South Korea: Electric Motor Demand by Product and Market 162
9 India: Electric Motor Supply and Demand 166
10 India: Electric Motor Demand by Product and Market 168
11 Thailand: Electric Motor Supply and Demand 172
12 Thailand: Electric Motor Demand by Product and Market 174
13 Other Asia/Pacific: Electric Motor Supply and Demand 178
14 Other Asia/Pacific: Electric Motor Demand by Product
and Market 181
15 Other Asia/Pacific: Electric Motor Supply and Demand
by Country 182

SECTION VII -- OTHER REGIONS

1 Central and South America: Electric Motor Supply and Demand 190
2 Central and South America: Electric Motor Demand by Product
and Market 192
3 Brazil: Electric Motor Supply and Demand 196
4 Brazil: Electric Motor Demand by Product and Market 198
5 Other Central and South America: Electric Motor Supply
and Demand 202
6 Other Central and South America: Electric Motor Demand
by Product and Market 204
7 Eastern Europe: Electric Motor Supply and Demand 208
8 Eastern Europe: Electric Motor Demand by Product
and Market 210
9 Russia: Electric Motor Supply and Demand 214
10 Russia: Electric Motor Demand by Product and Market 216
11 Other Eastern Europe: Electric Motor Supply and Demand 220
12 Other Eastern Europe: Electric Motor Demand by Product
and Market 222
13 Other Eastern Europe: Electric Motor Supply and Demand
by Country 223
14 Africa/Mideast: Electric Motor Supply and Demand 230
15 Africa/Mideast: Electric Motor Demand by Product
and Market 232
16 Turkey: Electric Motor Supply and Demand 236
17 Turkey: Electric Motor Demand by Product and Market 238
18 Other Africa/Mideast: Electric Motor Supply and Demand 242
19 Other Africa/Mideast: Electric Motor Demand by Product
and Market 244

SECTION VIII -- INDUSTRY STRUCTURE

1 Electric Motor Sales by Company, 2012 247
2 Selected Cooperative Agreements 260
3 Selected Acquisitions and Divestitures 264



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 World Electric Motor Prices, 2002-2022 23

SECTION III -- WORLD SUPPLY and DEMAND

1 World Electric Motor Demand by Region, 2012 35
2 World Electric Motor Demand: Projected 2012-2017
Annual Rate of Growth 36
3 World Electric Motor Shipments by Region, 2012 39
4 World Electric Motor Demand by Market, 2012 52

SECTION IV -- NORTH AMERICA

1 North America: Electric Motor Demand by Country, 2012 72

SECTION V -- WESTERN EUROPE

1 Western Europe: Electric Motor Demand by Country, 2012 96

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Electric Motor Demand by Country, 2012 139

SECTION VIII -- INDUSTRY STRUCTURE

1 World Electric Motor Market Share, 2012 249

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