Medium and High Power Motors Market

Medium and High Power Motors Market : Positive Outlook of Manufacturing
Industries to Drive Market at 7.3% CAGR during 2013-2019
According to a recent market research report released by Transparency Market
Research, the global medium and high power motors market is expected to develop
at a CAGR of 7.3% during the period between 2013 and 2019. The report, titled
“Medium and High Power Motors Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019”, estimates the global medium and high
power motors market to be valued at US$69.91 billion by 2019.
The report points out that the positive outlook of manufacturing industries and
incentive for energy efficient electric motor driven systems will boost the growth of
the global medium and high power motors market. Increasing replacement of
outdated electric motors will also augment the market growth. However, volatility in
raw material price and high purchase price of energy efficient motors will restrain
the growth of the overall market. The global medium and high power motors market
has a huge opportunity to grow with the production of high and premium efficiency
motors.
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On the basis of motor type, the global medium and high power motors market has
been divided into AC motors and DC motors. AC motors have been sub-segmented
into single phase motors and three phase motors. DC motors have been further
segmented into brushless motors and brushed motors. AC motors segment held 79.4%
of the market revenue in 2012 and is expected to continue its dominance over the
next couple of years. According to efficiency class, the report categorizes the global
medium and high power motors market into IE1, IE2, IE3, and non-regulated motors.
The market has been dominated by IE2 efficiency class motors. The IE2 efficiency
class motors have been adopted across several countries and accounted for 70.7% of
the market, in terms of revenue in 2012. In North America, the use of IE3 class
motors has become mandatory. During the forecast horizon, IE3 class motors are
expected to witness a significant growth due to implementation of mandatory
regulations to use premium efficiency motors across different countries.
On the basis of end-use application, the report segments the global medium and high
power motors market into HVAC manufacturers, industrial machinery, motor vehicle
manufacturers, commercial and other industries, and aerospace and other
transportation. Industry machinery segment has been further divided into food and
beverage, pulp and paper, petrochemical and oil refining, medical equipment, mining
and construction equipment, and other industrial machinery and tools. Industrial
machinery was the largest end-use application segment in the market in 2012 and
held 29.6% of the market in the same year.
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The report studies the global medium and high power motors market across four key
regions: Asia Pacific, North America, Europe, and Rest of the World. In 2012, Asia
Pacific dominated the overall market and accounted for 73.5% of the market, on the
basis of revenue. During the forecast period, North America and Europe are expected
to further lose their share in the market owing to the declining gross domestic
production in major countries such as the U.K., U.S., and Germany. The report
profiles some of the key players in the global medium and high power motors market
such as Brook Crompton UK Ltd., Danaher Motion LLC, Baldor Electric Company
Inc., Johnson Electric Holdings Ltd., Franklin Electric Co. Inc., Regal Beloit Corp.,
Siemens AG, Rockwell Automation Inc., Ametek Inc., Asmo Co. Ltd., ARC Systems
Inc., and Allied Motion Technologies Inc.

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