Chinese Low-Voltage AC Motor Revenues to Triple by 2016

China’s market for low-voltage integral horsepower ac motors will nearly triple in revenues to $7.9 billion in 2016 from 2010, according to a new forecast from IMS Research. Unit shipments are expected to grow annually at double-digit rates, reaching 22.6 million units in 2016. The robust revenue growth will be driven by local power-saving legislation mandating sales of higher-efficiency, and thus more expensive motors, according to IMS’s report.

The U.S. and Canada lead the world in motor efficiency standards, a major transition to IE3 premium-efficiency motors having already occurred by the end of 2010. “China is far behind North America,” said analyst Wilmer Zhou, who noted that Chinese motor manufacturers were required to begin selling IE2 motors last month. “We are starting to see how government directives for improved motor efficiencies will result in leveling the playing field for motor manufacturers in China. While this might seem to make it harder to enter the motor market and to eliminate many low-end motor suppliers, all industries will benefit greatly from improved motor efficiency, leading to a significant reduction in energy costs, which is the prime objective of the legislation.”

With the shift from IE1 to IE2, motors sold in China will be more expensive than in the past, since IE2 high-efficiency motors are priced more than 30% higher than IE1 standard-efficiency motors. IMS Research predicts that market revenues for IE2 motors will double in 2011. International companies and leading local suppliers such as ABB, Siemens, Teco, Huali, Nanyang-Explosion, Jiamusi, Hebei and Jinlong will lead the charge in China, IMS said.

The IE1 market segment will still dominate China’s low-voltage ac motor market, IMS said, with more than 60% share of revenues until 2013. But a big shift will take place in 2014 and 2015, and the IE2 high-efficiency market segment will take the lion’s share of revenues in 2016. “By 2016, the IE2 market is expected to account for 75% of Chinese low-voltage ac motor revenues,” Zhou said.

In addition, with the advantages it holds in the rare-earth mineral market, China is expected to become the leading producer and consumer of permanent-magnet motors.  That motor segment is expected to be the fastest growing of the low-voltage ac motor types in China, with nearly 80% CAGR from 2010 to 2016.

More News:

  • Pepperl+Fuchs' New 5500 Type Z/ Ex Pz Smart Purge System

    Pepperl+Fuchs' New 5500 Type Z/Ex Pz Purge System is Designed to Help OEMs, Panel Builders and Just About Anyone Dealing With Haz-loc Areas by Making this Type of System Easy to Implement

  • WEG Electric Introduces the CFW500 Machinery Drive

    WEG's engineers specifically designed this new drive with increased features that focus on the machinery manufacturer's needs. It is simple, efficient, flexible and can be commissioned quickly and easily.

  • Manufacturing Technology Orders Down in May 2014

    Expectations for the 2014 manufacturing technology market were for a soft first half of the year, followed by a stronger second half. The fluctuations seen in the past few months are on track with forecasts, and all indications are that U.S. manufacturing activity is and will remain strong

  • Fast 2014 Start for NA Robotics

    A record 14,135 robots, valued at $788 million were ordered from North American robotics companies in the first half of 2014, an increase of 30% in units and 16% in revenue over the same period in 2013.

  • WEG Electric Introduces the CFW100 Mini Drive

    Programing is easy with the built in keypad that monitors two different parameters at the same time along with operation status, alarms and faults.

  • New and Noteworthy: Ocean Data Systems Develop Specialized Survey and Omega Engineering Receives Honorable Mention

    Omega Engineering received an Honorable Mention in the 2014 Best of Sensors Expo Innovation Award for its M12LCP thermocouple probes with high- temperature M12 molded connectors. The Gold Award winner was AG-SL900A EPC sensor tag and data logger IC from ams.

  • IMTS Will Land Big Footprint in Chicago

    The IANA pavilion will showcase the newest technologies focusing on new ideas and topics ranging from resource-efficient manufacturing and network security to secure industrial control systems and big data. In addition to more than 120 vendors from 16 countries, who will demonstrate their products and services, IANA will host the Global Automation and Manufacturing Summit, Motion, Drive & Automation Conference, and ISA training program.

  • NI Week Aids Industrial IoT Convergence

    Truchard reported that NI divides IoT into industrial IoT and consumer IoT, and this industrial side is focused on using big analog data, analytics, distributed timing and synchronization, and intelligence via cyber-physical systems to help factories, power grids, cities and machines work better.

  • Infographic: Internet of Things - What The Future Will Be Like

    The past 25 years of Internet growth was fueled by human communications. The next 25 years of Internet growth will be fueled by machines. How is the Internet going to affect us and what we do?

  • Bits and Bytes: Moxa Gets UL Certification; Fieldbus Int'l and Fieldbus Inc. Enter Strategic Alliance, and More

    Lemo, a Swiss designer and manufacturer of custom connectors, acquired Northwire, U.S. specialty cable manufacturer of wire and multi-conductor cable and retractiles for the medical, aerospace and defense, energy and industrial markets.

All news »

What are your comments?

You cannot post comments until you have logged in. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments