PRLog (Press Release) – Jul 26, 2011 – Sydney, Australia – The recent energy regulations and mandatory testing in Australia to lower carbon dioxide emissions have led to numerous customers opting for high-efficiency equipment in their production facilities. With electric motors consuming 60 per cent of all electricity used in industries, end users realise that they have to focus their energy conservation efforts on getting their industrial plants fitted with ener rc helicopter market place gy-efficient motors.
Motor manufacturers will be pleased with this rising end-user awareness of energy efficiency standards as high-energy efficiency motors are 15-25 per cent costlier than a standard efficiency one. Manufacturers can justify these high costs with the motors' significant lifecycle savings.
New analysis from Frost & Sullivan, Electric Motors Market in Australia, finds that the market earned revenues of US$805 million in 2009 and estimates this to reach US$1.05 billion in 2016. AC asynchronous generated 69 per cent of the revenues in 2009. At a compound annual growth rate (CAGR) of 3.3 per cent between 2010 and 2016, it is even expected to grow a notch faster than the AC synchronous (2.8 per cent) and DC motors (0.3 per cent).
Even though the energy use will be significant, end users can save up to 10 per cent in energy costs by using motors with higher power ratings, which translates to a return of investment period of 12-15 months. Nearly 50 per cent of newly sold motors in Australia have Eff1 efficiency or even better (premium).
"However, efficiency standards in motors have already reached above 90 per cent levels and any improvement in efficien manual trash compactor cy through design changes will only achieve a marginal increase," says Frost & Sullivan Research Analyst Krishnan Ramanathan. "Therefore, the motor sizes will start increasing, doubling in size, in some cases."
To a large extent, technology improvements such as integrated drive technologies, copper rotor technology, miniaturisation of integrated circuits and advances in material science have offset the pricing pressures. As Australia is a technologically advanced country, the market can expect rapid uptake of novel technologies, especially from industries such as mining, transportation, heavy machinery, steel and chemicals.
"Electric motors are indispensable equipment, extensively used in all industrial, commercial and domestic establishments," notes Ramanathan. "Though the mar trash bins ket has reached maturity, the demand for electric motors is expected to be sustainable and stable, even in the long term, due to continuous activity in key end-user segments."
If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.
Electric Motors Market in Australia is part of the Mechanical Power Transmission Growth Partnership Services program, which also includes research in the following markets: Electric Motors Market in Taiwan, South Korea and Japan. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
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Electric Motors Market in Australia P4D2
Contact: Donna Jeremiah Corporate Communications – Asia Pacific P: +603 6204 5832 F: +603 6201 7402 E: djeremiah@frost.com
Carrie Low Corporate Communications – Asia Pacific P: +603 6204 5910 F: +603 6201 7402 E: carrie.low@frost.com
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