Small motors market surging in Americas

Austin, TX—Riding the wave of a global economic upturn, the small motors market in North and South America is experiencing monumental growth, according to a recent study by IMS Research.


Austin, TX— Riding the wave of a global economic upturn, the small motors market in North and South America is experiencing monumental growth, according to a recent study by IMS Research . In fact, IMS found that some suppliers had as much as a 40% increase in motor sales in the first quarter of 2004 (1Q04). This rejuvenation in the small motor market has been a breath of fresh air to manufacturers, but IMS cautions that the main question is will it last?

While overall growth in the Americas’ industrial production aided re-emerging growth in the small motor market, IMS believes recent prosperity in the semiconductor end-equipment industry had the most significant impact on growth, especially in the stepper motor market. Double-digit growth in the medical devices sector also buoyed sales of many types of small motors. IMS expects this growth to continue well into 2005. However, manufacturers also should be aware that increased outsourcing of OEM facilities and rising raw material prices will have negative short- and long-term implications.

IMS estimates that the North and South American small motor market was worth more than $1.24 billion in 2003, based on sales of more than 292.5 million units. The brushed dc motor segment makes up the largest part of the market, and is valued at approximately $930 million in 2003.


Control Engineering Daily News Desk
Jim Montague, news 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