Integral Horsepower Motors Market for Power Generation Industry

April 20, 2011 - PRLog -- The global integral horsepower motors market in the power industry achieved revenues of $1,715.7m in 2010, with an annual growth rate of 2.9% from the previous year. However, due to the impact of the economic slowdown, the market witnessed a decline in the growth rate over the last two years. On a positive note, the market is likely to achieve revenue figures of $3,686.1m in 2020, with a CAGR of 8.3%. A factor contributing to this growth rate is the consistent demand for motors from emerging economies. Continued demand for replacement units and the rising need for electricity in developing and developed countries alike is another major factor contributing to this strong growth. Replacement opportunities derived are also expected to present a steady revenue source for manufacturers in the future as well. Restrained investments in power within the industrialized countries are expected to be offset by the steady growth in electricity demand in emerging economies.

The motors market in the Asia-Pacific region is expected to grow from $517.2m in 2010 to $1,506m in 2020, at a CAGR of 12%. The Asia-Pacific region had been the growth hub for industrial, commercial, and public infrastructure expansion. This is a growing market, with foreign direct investments flowing into the emerging economies such as China, India, and the Southeast Asian countries. These factors are likely to drive the growth of the motor market over the forecast period.

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GlobalData’s “Integral Horsepower Motors Market for Power Generation Industry - Global Market Size, Competitive Landscape, Trends and Analysis to 2020, Trends and Analysis to 2020 Trends and Analysis to 2020” gives detailed information on the global integral horsepower motors market and provides historical and forecast numbers for revenues, units, product split and price up to 2020. The research analyzes trends in the global integral horsepower motors market and also detailed analysis for the leading countries in this business. This, coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market’s competitive scenario.

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