|Last Quarterly Update:||10/28/2013|
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Companies in this industry manufacture electric motors, power generators, and motor generator sets. Major US companies include AMETEK, Baldor Electric (part of Switzerland-based ABB), Franklin Electric, and Regal Beloit, as well as divisions of Emerson Electric and GE; major companies based outside the US include Mitsubishi Electric and Nidec (Japan), Schneider Electric (France), and Siemens (Germany).
The global motor and generator manufacturing industry has revenue of about $100 billion annually. Leading countries in the production of motors and generators include China, Germany, Japan, and the US. Countries with the cost structure to attract investments in motor and generator factories include Brazil, China, the Czech Republic, India, Mexico, and Thailand.
US manufacturing of electric motors and generators involves about 400 companies with combined annual revenue of about $11 billion.
The industry does not include starter motors and battery charging alternators for internal combustion engines, or turbine generator sets.
Industrial and manufacturing companies drive demand. The profitability of individual companies depends on efficient production. Small companies can compete by specializing. While larger companies, like GE, produce mainly a standard line of products, smaller companies are more likely to adapt products for customers' special needs. The US industry is highly concentrated: the 50 largest companies account for more than 80 percent of revenue.
Exports of motors and generators, which represent about half of US production, go primarily to Mexico and Canada. Imports account for more ...
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