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Induction motor market weathers industrial storm

An IMS Research product story
Edited by the Engineeringtalk editorial team Aug 10, 2004

Although induction motors may not be the industrial sector's most glamorous or inspiring of products, their contribution to factory automation systems should not be understated.

Although induction motors may not be the industrial sector's most glamorous or inspiring of products, their contribution to factory automation systems should not be understated.

These workhorses of industry, maintaining their traditional design architecture, continue to be a sizeable market.

Latest data from IMS Research, the automation research consulting company, valued the low voltage segment of this market in Europe, the Middle-East and Africa (EMEA) at around $1.7 billion.

The worldwide induction motor market is one of the most stable industrial end-equipment markets.

Even during the last two years, which have represented a highly difficult period for many other product markets, the number of motors shipped has been very stable, with the EMEA market only losing around 2.5% of its value.

An important factor that contributes to this market's overall robustness is the high proportion of motors that are shipped each year for replacement.

This largely insulates the market from the ups and downs of the industrial machinery market segments, which are the primary drivers of growth for all industrial end-equipment.

Large IEC frame motors, which include frame sizes IEC80 to IEC500, account for the lion's share of market revenue and over the next five years is expected to remain the primary revenue contributor.

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