AC induction motor market growth
IMS Research said that the premium efficiency induction motor market will triple in size by 2011.
According to IMS, there are two significant factors, which are affecting the worldwide AC induction motor market over the next five years.
The first factor is the rapid slowing of growth in the worldwide economy, with the worldwide market forecast to contract more than seven per cent in 2009. But this decline is offset in part by positive growth in China. The EMEA and the US are seeing much slower growth.
The second factor is the government-led movement towards higher efficiency motors. Governments have introduced legislation or encouraged voluntary industry agreements, which will shift the market away from EPAct and EFF2 motors to higher efficiency motors.
The USA government has been a leader with the passage of the Energy Independence and Security Act of 2007 (EISA).
This law will require that beginning 19 December 2010 all general purpose motors of at least 1HP (horsepower) and not more than 200HP (horsepower) will have to meet or exceed NEMA premium motor efficiency levels. Governments and trade bodies in the EU, China, Korea and Australia have enacted similar legislation or agreements.
Three quarters of the world's industrial AC induction motors being sold each year do not meet the efficiency standards that will be required under these agreements.
