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
Spansion expands MCUs with IoT on its radar
October 21, 2014
On Monday, October 20, Spansion Inc. unveiled 96 new MCUs, fresh additions to the company's FM4 family of MCUs based on the ...
European plastic electronics industry flexes its muscles
Graphene aerogels promise enhanced energy storage performance
R&S demos 5G test setup
Global chip capex to rise 11% in 2014
"New" MEMS evolution coming, predicts Yole
October 20, 2014
A change is occurring in the technology options behind MEMS sensors, according to Yole Developpement.
TSMC Capex to exceed $10B in FinFET ramp-up
Supercomputer simulations point path to better Mg-ion batteries
Simpler circuit design unlocks power of superconducting devices
- 5 Best Practices for Designing Flexible Test Stations
- Intelligent PLCs Expand the Internet of Things
- Solutions for Millimeter Wave Wireless Backhaul
- Enter Linduino
InterviewCEO interview: AMS' Laney on driving a sensor-driven business
Kirk Laney, CEO of Austrian mixed-signal chip and sensor company AMS, wants to leverage the opportunity that technology affords to create new markets for sensors and sensor interfaces.
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, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...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.