HVAC Breaking News

April 8, 2013: Demand for Electric Motors to Exceed $14 Billion by 2017

April 8, 2013
/ Print / Reprints /
ShareMore
/ Text Size+
CLEVELAND — Demand in the United States for electric motors is expected to increase 4.6 percent annually through 2017 to $14.4 billion, accelerating from the pace of the 2007-2012 period, when nearly every major market for these devices struggled. Electric motors are key components in many durable goods including HVAC equipment; as manufacturing output rises, sales of electric motors will follow. These and other trends are presented in “Electric Motors,” a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.

The market for ac motors will grow the most in absolute terms and remain the largest product segment in 2017. Applications of ac motors include heating and cooling equipment and household appliances, production of which is forecast to rise with renewed strength along with the U.S. economy. 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. Gains will primarily be driven by the favorable outlook for production of heating and cooling equipment and household appliances, with expanding aerospace and industrial machinery output also contributing to sales increases.

Among major markets, heating and cooling equipment applications are projected to register the fastest sales growth through 2017, at 7.6 percent, bolstered by increases in building construction after a prolonged period of weakness.

For more information, visit www.freedoniagroup.com.

Publication date: 4/8/2013

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Jeremy Begley

Jeremy Begley, home-performance specialist and Web and social media manager with National Heating and Air Conditioning Co. in Cincinnati discusses how and why you should add home-performance philosophies to your contracting repertoire. Posted on Sept. 12.

More Podcasts

ACHRNEWS

NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con