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Frost & Sullivan: Energy Efficiency Regulations Fuel Adoption of Higher Priced IE3 Class Induction Motors in Western Europe


News provided by

Frost & Sullivan

04 Feb, 2014, 10:44 GMT

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- Offering value-added services along with strategic pricing will energise sales

LONDON, Feb. 4, 2014 /PRNewswire/ -- In Europe, industrial electric motors are responsible for consuming about 70 percent of the energy produced, making them one of the most widely used electrical loads across all industries. The overall power consumption by a motor over its lifespan also accounts for about 85 percent of its lifetime costs. Realizing this, end users are looking to reduce energy consumption and operational costs by replacing old motors with more energy-efficient ones. Along with the upcoming Phase 2 of motor energy efficiency regulations (640/2009/EC), these factors are expected to sustain the growth of the Western European electric motors market.

New analysis from Frost & Sullivan (http://www.motors.frost.com), Analysis of the Western European Electric Motors Market, finds that the market earned revenues of $5.16 billion in 2013 and estimates this to reach $5.94 billion in 2017. The research covers fractional horse power and integral horse power (IHP) motors.

The first phase of the EU energy-efficiency directive was implemented in 2011. The second phase, which requires induction motors with a power output range between 7.5 kW and 375 kW to meet the IE3 standard or alternatively satisfy the IE2 standard and be equipped with a variable frequency drive, is expected to be in place by 2015.

"This means that end users, who need to replace their old and obsolete motors, will be forced to purchase IE2 or IE3 energy-efficient motors that cost 25 to 37 percent more than IE1 or less energy-efficient motors," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Abhinav Nagial. "While the sales of higher priced IE3 class induction motors are expected to boost revenues, the economic scenario might dampen market potential."

The recent economic downturn and the ongoing debt crisis across European economies have slowed down industrial activity. Stagnation in large commercial mining, construction, ship building, chemical and petrochemicals projects have especially decreased the demand for medium voltage IHP motors. Although the steps taken by the EU to tackle the debt crisis are encouraging recovery, it is unequal across different countries in Western Europe.

Another challenge for the region's electric motors market is the lack of funding from private and public institutions as key end-user segments including chemical, petrochemical, oil and gas and process industries depend on credit availability for implementing new projects. End users in Italy and Spain are particularly reluctant to invest as they face high unemployment rates and political uncertainty.

"Given these challenges, manufacturers of electric motors should charge competitive prices and offer value-added services to differentiate themselves from the competition," opined Nagial. "Strategic pricing of higher-efficiency motors will be especially important to succeed in the Western European marketplace."

If you are interested in more information on this research, please send an email to Julia Nikishkina, Corporate Communications, at julia.nikishkina@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Analysis of the Western European Electric Motors Market is part of the Power Transmission Growth Partnership Service program. Frost & Sullivan's related research services include: European Power Conversion Market in Oil and Gas Industry, Indian Electric Motors Market, and Australia–New Zealand Medium and High Voltage Motors Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Western European Electric Motors Market
M9B0-17

Contact:
Julia Nikishkina
Corporate Communications – Europe
P: +7 (499) 213 0156
E: julia.nikishkina@frost.com
LinkedIn: Frost & Sullivan's Industrial Automation and Process Control Forum
Twitter: @FS_Automation

http://www.frost.com

SOURCE Frost & Sullivan

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