Chinese low voltage AC motor revenues to triple by 2016

IMS Research

IMS Research forecasts that the Chinese market for low-voltage integral horsepower AC motors will nearly triple in revenues to $7.9 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, according to a new report, The Chinese Market for Low Voltage AC Motors – 2011 Edition from IMS Research.

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.

Learn more about The Chinese Market for Low Voltage AC Motors – 2011 Edition from IMS Research

More News:

05/21/2012 Manufacturing downturn deepens as weakness spread across Euro area
The Eurozone manufacturing downturn took a further turn for the worse in April, according to Markit Eurozone Manufacturing PMI.
05/18/2012 2012 Manufacturing Leadership Award winners announced
Manufacturing Executive, the global community for manufacturing leadership and producer of the Manufacturing Leadership Summit and Awards program, announced the program's top honorees at the 2012 Manufacturing Leadership 100 Awards ceremony.
05/17/2012 Sign up for Plant Services' predictive technology webinar
Join ARC Advisory Group analysts who will speak about the results of the joint survey, conducted by Plant Services and ARC Advisory Group, on predictive maintenance technology.
05/16/2012 Schneider Electric acquires M&C Energy Group
Schneider Electric has signed an agreement to acquire M&C Energy Group, a company specialized in energy procurement and sustainability services for both multinationals and small- to medium-sized enterprises.
05/15/2012 Payroll employment rises, and unemployment remains unchanged
Payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1%.
05/14/2012 Labor productivity decreased during first quarter of 2012
Labor productivity decreased at a 0.5% annual rate during the first quarter of 2012.
05/11/2012 Sign up for Plant Services' webinar: Is thermography part of your predictive maintenance strategy?
Thermography is one of the tools available to maintenance professionals executing predictive maintenance strategies.
05/11/2012 Manufacturers anticipate increases in revenue, capital investments and hiring
Prime Advantage's ninth semi-annual Group Outlook Survey revealed financial projections and top concerns of its member companies for 2012.
05/10/2012 Manufacturing jobs return to the United States
Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs.
05/09/2012 Asset management growth driven by promise of reduced costs and improved performance
The compelling case that plant asset management (PAM) systems provides for reducing operational costs while simultaneously improving performance is the primary factor driving growth of PAM.
All news »

Chinese low voltage AC motor revenues to triple by 2016

Sponsored Links

Plant Services Digital Edition

PlantServices.com E-Newsletters