Controls Market: Rare double-digit: growth tallied for large motors and generators


Worldwide market for large motors and generators grew 11% in 2005 to become a $1.6 billion market, according to a new study from IMS Research . This is seen as exceptional growth for such a mature industrial market that typically grows 2-3% a year.

The large motors and generators market has been well-positioned to benefit from recent economic trends, exemplified by the fast growing economies of India, Brazil, and especially China. Application areas for these large electrical machines are concentrated in areas that supply growing populations. Applications like mining that help extract the raw materials needed for growing manufacturing bases; oil and gas production that provides the energy required to fuel the growth; power generation and water treatment plants needed to supply growing, increasingly rich populations.

According to analyst Steve Odom, "The only downside of the market the last two years has been the run up in raw material costs tightening margins. Motors require a lot of copper. While average selling prices of these machines stayed relatively stable in 2005, prices for copper increased 75% in the first seven months of 2006 and 45% in 2005."

—Edited by C.G. Masi , Control Engineering senior editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me