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Analysis of the North American Low Voltage (LV) Motors Market : Revival of US Manufacturing to Boost LV Motors Market

  • March 2015
  • 60 pages
  • Frost & Sullivan
Report ID: 2780389

Summary

Table of Contents

Key Findings

Key Factors Driving the Market

•Growth of end-user industries spurs overall market demand.
•The need for performance optimization and process automation drives the replacement market.

Key Factors Restraining Market Growth
•Low-cost Chinese competitors cause intense price pressure.
•Global economic uncertainty expected to hinder new investments.

Distribution Structure
•Approximately x % of products are sold through OEMs and distributors.
•A little over x % is sold directly to end users.

Pricing Trends
•Technology is in the mature stage within the LV motors market, with relatively little technological innovation taking place.
•Commoditization of motors (to some extent), competition from local and regional participants, and challenges from Asia-Pacific imports makes price a key competitive factor.

CEO’s Perspective

Major manufacturers focus on the Internet of Things (IoT) to avoid product commoditization and to drive next-generation technologies and applications.
Leading manufacturers focus on achieving higher efficiency in motor design to ensure future success.
Strategic pricing of the motor and efficient supply-chain management ensure success in the market.
Green technology and environmentally driven policies are important long-term sustainable strategies.
Acquisition and market consolidation is crucial to tap into the large installed base and boost the retrofit market.

Market Overview—Definitions

Electric Motors: An electric motor is a device used to convert electrical energy into mechanical energy.

Low Voltage (LV) Motors: Electric motors that have a voltage range less than x V (Volts) are known as low voltage motors. Motors that are between x kW (Kilowatts) and x kW are considered in this research analysis.

Alternating Current Low-voltage Motor
•Alternating Current (AC) motors are devices that convert AC electric energy into mechanical energy. This is accomplished through the interactions of magnetic fields produced by the current flowing through conductors. This research service includes both asynchronous and synchronous motors.
•AC motors in which the speed of the rotor is the same as the rotating magnetic field (in the stator) are called AC synchronous motors.
•AC asynchronous motors are motors where the speed of the rotor is slower than the rotating magnetic field.

Direct Current Low-voltage Motor
•Direct Current (DC) motors are devices that convert DC electric energy into mechanical energy. This is accomplished through the interactions of magnetic fields produced by the current flowing through conductors.

Oil and Gas: The oil and gas industry encompasses all companies involved in the exploration, production, and transportation of oil and gas. Upstream, midstream, and downstream processes are included.
Food and Beverages: The food industry consists of all manufacturing plants that transform livestock and agricultural material into products for immediate or final consumption. Industry groups are distinguished by the type of raw materials processed into food products, which are generally of animal or vegetable origin. Establishments where baked goods and confectionary products are made on the premises are included in this category. The beverage industry consists of three types of establishments: manufacturers of non-alcoholic beverages, manufacturers of alcoholic beverages through the process of fermentation, and manufacturers that produce distilled alcoholic beverages.
Water and Wastewater: The water and wastewater industry includes all applications involved in the treatment of water and wastewater.
Chemicals and Petrochemicals: The chemicals and petrochemicals industry includes companies that manufacture different chemicals, such as basic chemicals (acids and salts), chemicals used in manufacturing (pigments and colors), chemical end products (soaps and cosmetics), and specialty end products.
Power Generation: The power generation industry includes all forms of power generating plants including fossil fuel, wind, hydro, nuclear, and geothermal power plants. Establishments in this industry are likely to operate:
•Generation facilities that produce electric energy
•Transmission systems that convey electricity from generation facilities to distribution systems
•Distribution systems that convey electricity to the final consumer
Pulp and Paper: This industry is divided into two separate industries, namely, pulp and paper. The pulp industry includes companies that manufacture and market pulp. The paper industry includes companies that manufacture graphic paper, and paper and boards used in packaging.
Transportation: This includes the automotive industry and companies that manufacture passenger and commercial vehicles, as well as industries involved in the production of rails, locomotives, and marine transport.
Metals and Mining: This includes the extraction and industrial treatment processes for base metals (such as iron and steel), coal, and precious metals.
Heating, Ventilation, and Air-Conditioning (HVAC): This includes equipment required to maintain and control air quality and regulate air temperature. It includes HVAC in residential, commercial, and industrial applications.
Residential Applications: This sector includes the use of motors for residential appliances, such as washers, dryers, dishwashers, and others; it does not include motors used for HVAC applications.
Others: Other industries included in this research analysis comprise agriculture, business equipment, machine tools, medical equipment, and pharmaceuticals.

Key Questions This Study Will Answer

Is the LV motors market growing? How long will it continue to grow, and at what rate?
Are existing competitors structured correctly to meet customer needs?
Will existing companies, products, or services in the LV motors market continue to exist over the next 5 years, or will other markets absorb them?
How will the structure of the LV motors market change with time?
Are existing products and services meeting customer needs, or is additional development needed?

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