U.S. Markets closed

Growth of $ 12.2 billion for New Components and Materials in Advanced Electric Motors through 2021

NEW YORK, April 24, 2017 /PRNewswire/ --

Highlights
The value for advance materials and components in electrical motors in the global market recorded $33.4 billion in 2015.

  • This is expected to grow by $12.2 billion from previous year's score of $33.8 billion to hit $46 billion.
  • Within a period of five years (2016 to 2021)
  • At compound annual rate (CAGR) of 6.4%.
  • The market segment of advanced motor is projected to reach $33.4 billion by 2021.
  • At a CAGR of 5.9%
  • From the initial record of $25.1 billion in 2016.
  • Electronic market growth is will raise at a CAGR of 8.7% to reach $4.7% from 2016 through 2021 from the initial $3.1 billion recorded in 2016.

Read the full report: http://www.reportlinker.com/p04579521/Global-Markets-for-New-Components-and-Materials-in-Advanced-Electric-Motors.html


Use this report to:
- Gain information on the global sales of the components and advanced materials used to manufacture electric motors during the interval from 2016 to 2021.
- Examine current breakthroughs in components and materials used in electric motors.
- Identify entirely new electric motor concepts and applications such as electric airplanes.
- Evaluate and predict which new advanced motor concepts are likely to be commercially successful and for what applications.


INTRODUCTION

STUDY GOALS AND OBJECTIVES
The purpose of this report is to examine current breakthroughs in components and materials used in electric motors and forecast the related markets over a five-year period when they will begin to enjoy commercial success. For example, improvements in controllers (adjustable speed drives) and newer components such as magnetic bearings, rotor materials and semiconductors are covered. The report forecasts global sales of the components and advanced materials used to manufacture electric motors during the interval from 2016 to 2021. The report also identifies entirely new electric motor concepts and applications such as electric airplanes. The focus throughout is manufacturers and developers of components and materials used in advanced motors. Current commodity motors are not included in the scope of this report.


REASONS FOR DOING THE STUDY
Electric motors are a principal and perhaps the largest consumer of electricity. On a global basis, electric motor-driven systems consume about between 43% and 46% of all electricity purchased. The size of the motor population is staggering. In just the United States, around 90 million electric motors are in use. Approximately 40 million of these motors are used in the commercial and industrial sectors. In the United States, roughly a quarter of total energy demand is attributable to electric motors.

Globally, these numbers are even more significant. The International Energy Agency (IEA) estimates that globally around 230 million motors greater than 0.75 kilowatts (kW) and about 2 billion motors below 0.75 kW are installed. Electric motors are used in countless applications, including fans, blowers, pumps, printers, disk drives, ATMs, industrial and medical machines, automobiles, buses, aircraft control surfaces and hundreds of other applications Electric motors use well-established technology that dates to the 19th century.

Nevertheless, considerable refinements and technology development are still occurring in electric motor technology. The purpose of this report is to look five to 10 years into the future when current breakthroughs in components and materials used in electric motors will start to enjoy commercial success. This report features manufacturers and developers of components and materials used in advanced motors. The purpose is to evaluate and predict which new advanced motor concepts are likely to be commercially successful and for what applications.


INTENDED AUDIENCE
This study will be of interest to electric motor manufacturers, subassembly and component manufacturers, and manufacturers of control systems and ancillaries such as adjustable speed drives and power inverters.


SCOPE OF REPORT
This report covers both entirely new motor technologies and significant component or drive enhancements. For example, improvements in controllers (adjustable speed drives) and components such as magnetic bearings, rotor materials and semiconductors are covered. Currently, much of the electric motor manufacturing industry is engaged in the production of commodity output using well-established technologies. Established technologies comprise most of the approximately $10 billion U.S. motor market. The global market for motors is about $80 billion per year, with much of this amount commodity output. While the magnitude of commodity output and the description of established technologies has been covered in previous market reports, advanced motor technologies and new components that are likely to see greater market penetration in the coming decade have not been thoroughly examined. This report covers what new and novel developments related to finished electric motors and their key components.


METHODOLOGY
Manufacturer-level data for motors is a subset of several North American Industry Classification System (NAICS) codes and is not reported separately. Thus, data in this report represents estimates. Additional data in the report was obtained from the United States Patent and Trademark Office (USPTO) database, Securities and Exchange Commission (SEC) filings and trade journals. While there has been prolific patent activity related to electric motors, as with many areas of technology, not all motor-related innovations turn out to be practical, economical or marketable. Nevertheless, there is a flood of recent patents involving motors and components as well as motor control strategies. This report attempts to make sense of the patent landscape.


INFORMATION SOURCES
Sources include interviews with executives of equipment manufacturing firms, public documents, SEC filings, corporate white papers and other technical documentation for close to a hundred U.S. and international companies directly involved in manufacturing and distributing or directly utilizing advanced electric motors.


ANALYST'S CREDENTIALS
Read the full report: http://www.reportlinker.com/p04579521/Global-Markets-for-New-Components-and-Materials-in-Advanced-Electric-Motors.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com


__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-of--122-billion-for-new-components-and-materials-in-advanced-electric-motors-through-2021-300444779.html