Integrated-Motor Market to Expand by More Than 40 Percent in Five Years

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Projected to reach $553 million by 2017

Integrated-Motor Market to Expand by More Than 40 Percent in Five Years
Integrated-Motor Market to Expand by More Than 40 Percent in Five Years

Integrated-motor suppliers offering this compact motor type with built-in electronics can look forward to a 40 percent increase in total market revenue by 2017, even though growth as a whole appears to be moderating, according to a new report from IMS Research, now part of IHS, a leading global source of critical insight and information.

Revenue for the integrated-motors market is projected to reach $553 million by 2017, up from less than $400 million in 2012. Brushless motors currently lead the way in growth, as shown in the attached figure, with more than 70 percent of additional market revenues from 2012 to 2017 expected to come from the sales of AC brushless servo and DC brushless integrated motors. For perspective, these products represented only 56 percent of market revenues in 2012.

Overall market growth last year, however, was limited by the recession in Europe, which accounted for 65 percent of total market revenue in 2012, noted the recently published report entitled "Integrated Motors - World- 2013." Business will remain tepid this year, after which higher growth is expected from 2014 to 2017 as the market expands at more than 7 percent each year.

Despite the rise, projected growth rates remain below historical levels. IHS has tracked the integrated-motor market for more than a decade, and yearly growth rates in the past have averaged in the double digits. In particular, the market rose by more than 300 percent between 2002 and 2011.

"With a much higher global market size, the amount of revenue gained in the market each year would have to increase significantly for the historical growth rates to be maintained, and this has not occurred," explains Michelle Figgs, motor controls and switchgear analyst at IHS. "Still, integrated motors continue to take share away from traditional motor and drive solutions, and motor suppliers are increasingly recognizing the importance of including an integrated-motor option in their product portfolios to prevent loss of market share."

Posted on September 20, 2013 - (176 views)
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