Global Markets for New Components and Materials in Advanced Electric Motors
The global market for advanced materials and components in electric motors was valued at $33.4 billion in 2015. This market is expected to increase from $33.8 billion in 2016 to $46 billion in 2021 at a compound annual growth rate (CAGR) of 6.4% for 2016-2021.
- An overview of the global markets for new components and materials in advanced electric motors
- Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021
- Detailed analysis of manufacturers and developers of components and materials used in advanced motors, as opposed to present day commodity motors
- Coverage of both entirely new motor technologies as well as significant component or drive enhancements
- A look at improvements in controllers (adjustable speed drives) and components such as magnetic bearings, rotor materials, and semiconductors
- Technologies including:
- Torque Control Technologies (direct vs. indirect)
- Synchronous reluctance motors
- Variable reluctance motors
- Switched reluctance motors
- Variable reluctance stepping motors
- New ECM Concepts
- Profiles of major players in the industry
This report covers both entirely new motor technologies and significant component or drive enhancements. For example, improvements in controllers (adjustable speed drives) and components such as magnetic bearings, rotor materials and semiconductors are covered.
Currently, much of the electric motor manufacturing industry is engaged in the production of commodity output using well-established technologies. Established technologies comprise most of the approximately $10 billion U.S. motor market. The global market for motors is about $80 billion per year, with much of this amount commodity output. While the magnitude of commodity output and the description of established technologies has been covered in previous market reports, advanced motor technologies and new components that are likely to see greater market penetration in the coming decade have not been thoroughly examined. This report covers what new and novel developments related to finished electric motors and their key components.
Research analyst Kevin Gainer holds both B.A. and M.A. degrees in quantitative economic analysis and forecasting and has 26 years of economic forecasting, industry intelligence and market research experience. He is the author of six published books and over 100 magazine articles, technical papers, analyses and studies published in conference proceedings as well as many unpublished works produced internally in corporations. He has worked as a Research Editor and Project Analyst at BCC Research since 1985 and has authored numerous BCC technology market research reports.