Prospect of global medium voltage motor Market

Prospect of global medium voltage motor market

the market performance of medium voltage (MV) motor is closely related to the end-user industry and the global economic situation. The euro zone economy is still in the recovery stage, the obvious slowdown of China's economy, various geopolitical problems, the sharp decline in oil prices, the global mining recession and so on have exacerbated the global economic recession. With the recovery of the world economy in the past few years, the importance of end-user line 1, the maintenance method industry of spring fatigue testing machine and the global economic situation is becoming more and more obvious

despite the regional economic headwind, the global economy is expected to continue to improve

all three regions are facing different economic difficulties, and the overall market pattern is expected to ease in the long term. In the face of the Greek debt crisis, the slow recovery of the eurozone is expected to eventually gain new development momentum through the adoption of monetary stimulus policy, the depreciation of the euro and suppressed potential demand. Despite the slowdown in China's economic growth, India, another major economy in the Asia Pacific region, is expected to lead regional (and even global) growth, with a GDP growth of 7.5% in 2015. In the Americas, the US economy is supported by growing consumer spending and residential construction, while Latin American countries, including Venezuela, Argentina and Brazil, are trying to fight the recession

looking forward to the future, the global economy is expected to finally resume growth. Therefore, it can be predicted that a large number of dynamic capital investment activities will increase the demand for medium voltage motors

the estimated market value of global medium voltage motors in 2014 is US $5.7 billion. IHS predicts that the market will decline slightly to US $5.6 billion, a decrease of 1.9%. From 2015 to 2019, revenue will grow at a compound annual growth rate of 3.6%, realizing a market size of US $6.8 billion. Among the three regions in 2014, the Asia Pacific region contributed the most revenue of US $2.7 billion. The Asia Pacific region is expected to exceed the global market average of 3.8% CAGR in the same period. Although IHS predicts that the US market will shrink by 3.2% in 2015, its growth will exceed that of the EMEA market by 2019, with a CAGR of 3.6% and US $1.8 billion. In addition, as the world's largest medium voltage motor market, China is expected to maintain its market leading position by 2019, earning 2 US $100 million in foam granulator, which is equivalent to 30.8% of the market share. In 2014, the U.S. market was the second largest market in the world with revenue of $902 million. By 2019, the U.S. market is expected to remain the second largest market in the world with revenue of $1.1 billion

the sharp downward trend in oil prices is receding, while the demand in the end market is expected to increase

in 2014, oil and gas, power generation, metals and mining were the major consumer industries of medium voltage motors, accounting for 22.3% (US $1.3 billion), 16.2% (US $923 million), 13.3% (US $757.9 million) and 11.4% (US $651.7 million) respectively. In addition, the three regions led the industry by 4.5% Brightness adjustment should not be large or small, and the performance of the field also changes greatly. For example, in 2014, EMEA was the largest consumer of medium voltage motors in the oil and gas industry, and the power generation and metal industry in the Asia Pacific region was the largest market. In addition, in addition to the top suppliers such as abb and Siemens, the suppliers of medium voltage motors often have their own well-known professional products or downstream industries, which can provide a comprehensive product portfolio in various fields. For example, Shanghai Electric Machinery Co., Ltd., China's top supplier of medium voltage motors, occupied a strong market in the power generation and metal markets in the Asia Pacific region in 2014

in the forecast period, the sub industries of chemical industry, power generation and sewage treatment are expected to grow at different growth rates. It is expected that each industry will exceed the average annual compound growth rate of the total industry in the forecast period, which are 4.6%, 5.0% and 5.5% respectively. However, the sub sectors of cement, metals, mining, oil and gas, pulp and paper are expected to be lower than the average annual compound growth rate of the total industry, which are 3.0%, 3.2%, 1.8%, 2.9% and 2.6% respectively

because all sub industries are growing in the forecast period, the market prospect of the industry is expected to change. Power generation is expected to further strengthen its position as the highest sub industry, accounting for 17.3% (or US $1.2 billion) of the market by 2019. In addition, the chemical industry, water supply and sewage treatment, and commercial shipbuilding sub industries are expected to increase their market share by 8.1%, 6.6% and 7.6% respectively. On the other hand, although the oil and gas industry is still the largest sub industry in 2019, it is predicted that the market share will decline by 0.8 percentage points and the market share will fall to 21.5%. The cement, metal, mining, pulp and paper sub industries are expected to shrink during the forecast period, with relatively low annual compound growth rates of 4.6%, 13.0%, 10.4% and 1.4% respectively