Motor & Generator Manufacturing Industry Profile

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 and is expected to grow at a high rate in the next two years. Key growth drivers include rising demand in emerging markets and replacement rates for older, less energy-efficient motors.

The industry does not include starter motors and battery charging alternators for internal combustion engines, or turbine generator sets.

COMPETITIVE LANDSCAPE

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 ...