Global Electric Motor and Generator Industry Expansion is Forecast to Reach 2.7% P.A.

Date: 2015-08-14

The expansion of the global electric motor and generator industry is forecast to reach 2.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 9.6%. Currently, parts for electric motors and generators account for 27.7% of the global demand while the remaining market share is divided between multi-phase AC motors (21.2%), electric motors (output less than 37.5 watts) (18.5%), DC motors and generators (12.8%), AC generators (9.2%), single-phase AC motors (8.1%), and universal AC/DC motors (output less than 37.5 watts) (2.4%).

China, India, South Korea, Turkey and the United States represent the largest electric motor and generator markets while the strongest annual growth is forecast to occur in Tanzania (17.7%), Morocco (14.6%), Cambodia (13.1%), Rwanda (11.9%) and Sri Lanka (11.5%).”

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