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Electric Motors Market at a Glancet

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US demand to rise 4.5% annually through 2017
 US demand for electric motors is expected to increase 4.5 percent annually through 2017 to $14.3 billion, accelerating from the 2007-2012 period when nearly every major market for these devices struggled. Product sales will climb 2.3 percent per year in unit terms to 1.4 billion in 2017.
 AC motors to remain largest product segment
 The market for AC motors will grow the most in absolute terms, and remain the largest product segment in 2017. However, due to the large size of this market, AC motors will post the slowest gains among product categories in percentage terms. AC motors are used in a myriad of applications, including household appliances and heating and cooling equipment, shipments of which are forecast to rise with renewed strength. Dollar increases will also be supported by producers upgrading to more energy efficient motors.
 Demand for direct current (DC) motors, the second largest product segment, will expand faster than sales of AC motors but slower than those of hermetic motors through 2017. DC motors are used extensively in automotive applications, and suppliers will benefit from growth in motor vehicle output following an extended period of decline. Hermetic motors (which are permanently sealed to prevent the transmission of air, moisture vapor, and other gases) will register the fastest market advances of any motor product segment, despite being the smallest in dollar terms. Gains will primarily be driven by the favorable outlook for shipments of heating and cooling equipment and household appliances, with expanding aerospace and industrial machinery output also contributing to sales increases. Electric motors are key components in many durable goods, and, as manufacturing output rises, sales of electric motors Market are expected to follow.
 Heating, cooling equipment to be fastest growing market
 Among major markets, heating and cooling equipment applications are projected to register the fastest sales growth in percentage terms through 2017, bolstered by increases in building construction after a prolonged period of weakness. The motor vehicle market will record the second most rapid gains as automotive production rises and the number of electric motor-dependent systems in the average vehicle continues to climb. Growing demand for electric traction motors used in hybrid/electric vehicles will also contribute to automotive sales gains, although this will remain a small market in absolute terms. Sizable advances are forecast as well for aerospace and other transportation equipment motor applications, as air traffic expands along with economic activity and more households purchase recreational products such as boats or campers.
 FHP motors to remain dominant product category
 Fractional horsepower (FHP) motors, those with a horsepower rating of less than one, are expected to remain the dominant product category in 2017 in both value and volume terms. This will be due to their extensive use in the mechanical systems of products ranging from aerospace and heating and cooling equipment to motor vehicles, all of which will experience an increase in shipments. Demand for integral horsepower (IHP) motors (those with a horsepower rating of one or greater), however, is expected to grow faster than FHP motor consumption as industrial users upgrade to more energy efficient IHP motors.
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