The North American small alternating current (AC) motors market is currently geared for a dramatic upsurge, driven by the recent boom in the construction industry, especially in the residential buildings sector. Several governmental programs, such as Building America, mandate new buildings, which will add to the demand for small, energy-efficient motors for pumps, ventilation products, appliances, garage door openers and other residential operations.
New analysis from Frost & Sullivan North American Small Alternating Current Motors Market, reveals that the market earned $2.62 billion in 2005 and projects to reach $3.14 billion in 2012.
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The increased demand for small AC motors due to the construction boom could significantly help manufacturers regain customer base and revenues, especially in a scenario where the domestic market is seeing increased dominance by Asian motors.
“With the Asian market showing no signs of decreasing its momentum any time soon, raw materials manufacturers and suppliers have started increasing their prices,” says Frost & Sullivan Research Analyst Arun Kumar. “Consequently, manufacturers have had to raise the prices of their motors and this is in turn forcing customers to purchase cheaper standardized motors from the Asian market.”
American companies can differentiate their products by making them technology driven to ensure better quality than their Asian competitors and by adding value in terms of customer service policies. To achieve this, they can make use of the latest developments in engineering technologies through research and development and improve on their customer support facilities, thus gaining an edge over Asian manufacturers.
“American companies can also source components from original equipment manufacturers (OEMs) to cut costs,” says Kumar. “Many North American OEMs have already shifted operations to countries such as China and India and the market is soon likely to see the price advantage generated by this move.”
North American Small Alternating Current Motors Market is part of the Motors and Drives subscription (9406). The study examines the North American small AC motors market, segmenting it into synchronous and asynchronous motors. It further segments synchronous motors into brushless direct current and reluctance motors and classifies asynchronous motors as polyphase and single-phase motors. The study discusses the prevailing market drivers and restraints as well as enables companies to align their positioning strategies to benefit from the changing market conditions. Analyst interviews are available to the press.
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North American Small Alternating Current Motors Market