Induction motor market weathers industrial storm
Wellingborough, U.K.; Austin, TX—The latest data from IMS Research valued the low-voltage segment of the induction motor market in Europe, the Middle-East and Africa (EMEA) at around $1.7 billion.
Wellingborough, U.K.; Austin, TX— Induction motors aren't the industrial sector's most glamorous products, but their contribution to factory automation systems would be hard to overstate, according to IMS Research , an automation research consulting firm. These workhorses of industry, maintaining their traditional design architecture, continue to constitute a sizeable market. In fact, the latest data from IMS valued the low-voltage segment of this market in Europe, the Middle-East and Africa (EMEA) at around $1.7 billion.
The worldwide induction motor market is one of the most stable industrial end-equipment markets. Even during the last two years, which have represented a highly difficult period for many other product markets, the number of motors shipped has been very stable, with the EMEA market only losing around 2.5% of its value. An important factor that contributes to this market's overall robustness is the high proportion of motors that are shipped each year for replacement. This largely insulates the market from the ups and downs of the industrial machinery market segments, which are the primary drivers of growth for all industrial end-equipment.
IMS adds that large IEC-frame motors, which include frame sizes IEC 80 to IEC 500, account for the lion's share of market revenue. Over the next five years, this sector is expected to remain the primary revenue contributor.
Control Engineering Daily News Desk
Jim Montague, news editor