|By PR Newswire||
|January 2, 2013 01:56 AM EST||
KUALA LUMPUR, Malaysia, Jan. 2, 2013 /PRNewswire/ -- In response to the International Electrotechnical Commission (IEC) standard mandates and the increasing demand for high energy efficiency, low-voltage integral horsepower motor market participants are introducing high- and premium-efficiency motors. The high growth verticals that are generating demand for low-voltage integral horsepower motors are drawn to the energy efficiency feature of the motor, as it reduces energy consumption and carbon emissions.
New analysis from Frost & Sullivan (http://www.motors.frost.com), ANZ Low-voltage Integral Horsepower Motors Market, finds that the market earned revenues between US$140 million to US$150 million in 2011 and estimates this to reach US$166 million in 2015.
The uptake of low-voltage integral electric motors in Australia and New Zealand is largely determined by the growth in the revenue-generating verticals such as mining, water treatment, and oil and gas. These verticals, in addition to smaller verticals such as dairy and timber, are likely to raise their demand for energy-efficient motors in the next two to three years.
"The opening of new mines is especially likely to drive the demand for low-voltage integral horsepower motors," said Frost & Sullivan Research Analyst Susan Sahayan. "The redevelopment and improvements in existing mines also call for higher efficiency motors, which aids the steady growth of the market."
However, the market, like many others, was affected by the global economic downturn. It is gradually regaining momentum, although participants witnessed limited, bordering on zero, growth in 2011.
The market is currently at the mature stage, but sustainable growth opportunities are still available. Due to market saturation, participants are turning their attention to retrofits and services for the motors.
"In future, motor prices are expected to increase with improvements in efficiencies," noted Sahayan. "As efficiency standards gain more prominence and focus in the market, motor manufacturers will need to re-evaluate original motor designs to stay competitive."
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
ANZ Low-voltage Integral Horsepower Motors Market is part of the Power Transmission Growth Partnership Services program, which also includes research in the following markets: Southeast Asia Low Voltage Integral Horsepower Motor Markets, SEA and ANZ Industrial Wireless Market, Positive Displacement pumps in SEA and ANZ, and SEA & ANZ Automation and Software Solutions. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
ANZ Low-voltage Integral Horsepower Motors Market
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
SOURCE Frost & Sullivan