NEW YORK, March 1 , 2016 /PRNewswire/ -- This research service gives an outlook of the global industrial motors market, providing a detailed analysis of the revenue earned in 2014, 2015, and what is expected in 2016. This is for different types of motor based on technology (AC motor, DC motor, servo motor, EC motor) and power rating (FHP motor, low voltage IHP motor, high voltage IHP motor). The revenue share of 10 major end-user industries is provided for five major regions across the globe. The differentiating factor of this report is the detailed market share analysis of the top seven companies for each region, for each motor technology, and for each motor power range. In addition to data analysis, end-user investments, technological, and business trends are discussed.
Top Predictions for 2016
1 Revenue growth in the global industrial motors market is expected to remain flat in 2016. The industrial overcapacity in China and global slowdown of mining industry are expected to be offset by investments in water and wastewater and in the renewable energy industries, penetration of industrial robots, and replacement of less efficient motors with premium efficiency motors.
2 A boom in process industries, such as chemical, petrochemical, and shale gas investments, is expected in discrete industries like automobile manufacturing, aircraft and defense equipment manufacturing, and distribution warehouses in the United States. This is expected to make the United States the 2016 global industrial motor market hotspot.
3 Global oil price fluctuation is likely to affect electric motor market sales negatively. A lower margin of oil companies due to decrease in oil price is expected to reduce their CAPEX, including that on motors.
4 In 2016, the key selection criteria for motors are expected to be energy efficiency, life cycle performance, and total cost of ownership. These were the same criteria in 2015.
5 Many Asian companies from Taiwan, Japan, and South Korea are expected to foray into European and African markets in 2016. This is expected to happen in as part of geographic diversification strategies.
6 In end-user industries such as automobile manufacturing, electronic manufacturing, and wind energy, China is expected to remain a global hotspot for the sale of industrial motors in 2016.
7 In 2016, the highest CAPEX on industrial motors is expected to be water and wastewater, food & beverages, wind energy, solar energy, and industrial robots (used in manufacturing of automobiles, electronics, and semiconductors).
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