Medium-voltage motor market starts recovery

IMS Research

Still experiencing revenues last year that were down more than 20% from pre-recession levels, the global market for medium-voltage (MV) motors is finally showing signs of recovery, which is estimated at just over $4 billion this year and is expected to reach $5.7 billion by 2015, according to analysis from IMS Research.

As seems to be the case with several other markets, growth during this period will be led by developing economies such as China, India and Brazil, which typically have low-cost labor forces and indigenous sourcing of raw materials. These economies are also showing rapid growth in industry sectors that use MV motors, including metals, mining, and oil and gas. These regions are expected to generate double-digit revenue growth during the forecast period, IMS predicts.

In contrast, the established economies of North America and Western Europe, where MV motor revenues contracted by an estimated 30% in 2010, face a longer recovery period, with only modest single-digit growth forecast to 2015. The market’s recovery to pre-downturn levels is not expected until 2013 at the earliest.

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Medium-voltage motor market starts recovery

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