IMS Research forecasts Chinese low voltage AC motor revenues to triple by 2016
August 19, 2011 // Julien Happich
IMS Research forecasts that the Chinese market for low-voltage integral horsepower AC motors will nearly triple in revenues to USD7.9 billion in 2016 from 2010. 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.
US and Canada lead the world in motor efficiency standards, a major transition to IE3 Premium Efficiency having already occurred by the end of 2010. Analyst Wilmer Zhou states “China is far behind North America. We are starting to see how government directives for improved motor efficiencies will result in leveling the playing field for motor manufacturers in China. The Chinese motor manufacturers are required to change to selling IE2 motors in July 2011.” Wilmer adds, “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 efficiency-class motors have prices more than 30% higher than those of IE1 Standard Efficiency motors. IMS Research estimates that market revenues for IE2 motors will double in 2011. The international companies and leading local suppliers such as ABB, Siemens, Teco, Huali, Nanyang - Explosion, Jiamusi, Hebei and Jinlong will lead the charge in China.
The IE1 market segment will still dominate, with over 60% share of revenues until 2013 in the Chinese low voltage AC motor market. The biggest shift will happen in 2014 and 2015. The IE2 High efficiency market segment will take the lion's share of revenues in 2016. Wilmer states, “By 2016, the IE2 market is expected to account for 75% of Chinese low voltage AC motor revenues”.
In addition, China, with the big advantages in the rare earth mineral market, is expected to become the leading producer and consumer of permanent magnet motors. With the legislative rebates, the permanent magnet motor will be the fastest growing of the low-voltage AC motor types in China, with nearly 80% CAGR from 2010 to 2016.
Visit IMS Research at www.imsresearch.com
Alps Electric puts cash into Qualtre
December 18, 2014
Alps Electric Co. Ltd. (Tokyo, Japan), a maker of electronics components and infotainment systems, has participated in a ...
China VC lifts sensor startup to record funding
MIT discovers superconductor law
Infrared makes multi-finger gesture control affordable
Smart window tints and acts as transparent battery
Reference design spotlights high-power LED lighting applications
December 17, 2014
Power Integrations has introduced a reference design for LED streetlights, high-bay lights and other high-power LED-lighting ...
Tiny spectrometer targets IoT
Feeding scrap plastic into your designs
LG adds quantum dot technology to 4K ULTRA HD TVs
- New life for Embedded systems in the Internet of Things
- Virtualization and the Internet of Things
- RF/Microwave Instrumentation “S” Series Amplifiers
- Application Guide to RF Coaxial Connectors and Cables
InterviewCEO interview: Bosch's IoT startup is all about the system
Thorsten Mueller, CEO of Bosch Connected Devices and Solutions GmbH (Reutlingen, Germany), has been guiding the latest startup subsidiary of Robert Bosch GmbH since 2013 when he started the initiative ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Arrow Electronics is giving away ten BeMicro Max 10 FPGA evaluation boards together with an integrated USB-Blaster, each package being worth 90 Euros, for EETimes Europe's readers to win.
Designed to get you started with using an FPGA, the BeMicro Max 10 adopts Altera's non-volatile MAX 10 FPGA built on 55-nm flash process.
The MAX 10 FPGAs are claimed to revolutionize...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.