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