Electric Motor Systems

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The electric motor and motor control equipment segment is expected to contract slightly this year, repeating the decline seen the last couple of years. The hurdles faced by this troubled segment include a slowdown in commodity demand from China and a tighter financial lending environment for commodity producers, with interest rates rising in the United States and abroad.

Monitor the changing dynamics of drives, mechanical power, transmission and motors with our wide-ranging coverage.
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  • Preston Reine, Peter Taylor, Ivan Campos | May 12, 2020
    Although the effects of COVID-19 on the industrial automation equipment market were not obvious in the first quarter of this year, it seems that the worst is yet to come. Looking specifically at motors and drives, end users across all industries have put orders on hold and reduced investments in new equipment. Some industries like food & beverage and other consumer-driven applications have remained unaffected, but the main takeaway is that the impact of COVID-19 on the motor and drive markets has been quite detrimental.
  • Joanne Goh | May 04, 2020
    The global low-voltage (LV) drive market was sluggish in 2019 after a 5% growth in 2018 over 2017. The slowdown in the LV drive market was due to trade and political uncertainties, with an expectation of recovery toward the end of 2019 or the beginning of 2020. However, this optimism was wiped out by the outbreak of the COVID-19 pandemic and the crash in global oil prices in April 2020.
  • Jessica Nian | April 22, 2020
    The pace of intelligent manufacturing and flexible production is designed to take reliance away from the labor workforce. Omdia predicts that machinery production of AGV robots will grow by 8.2% CAGR over the next four years to $1.3 billion by 2024.
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  • Icon Senior Analyst, Manufacturing Technology
    Wilmer Zhou is a senior analyst at IHS with expertise in the APAC automation market.
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