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This Frost Radar analyzes the industrial electric motors market. By definition, industrial electric motors are the electric motors used specifically for industrial applications such as power generation, oil and gas, transportation, water and wastewater, metals and mining, food and beverage, buildings, data centers, logistics, and others. Traction motors used in automotive applications are not included.In addition to providing an industry overview and analyzing the key market trends driving the industry, this study offers a comprehensive description of market participants. Through Frost & Sullivan’s in-depth analysis built on a 360-degree research methodology, over 75 companies have been analyzed. Out of these, 23 companies have been objectively rated on two major indices—their innovation focus and growth performance—with each index having 5 criteria. For each company profiled in the Frost Radar, the major strengths and opportunities are highlighted along with their positioning on the Radar. These companies have been positioned under 4 sections: Visionaries, Disruptors, Contenders, and Agitators. The companies that are positioned in the radar include: ABB, Siemens, Nidec Corporation, Regal-Beloit, WEG, Kollmorgen, Rockwell Automation, Maxon Motor, Wolong Electric, Allied Motion Technologies, Dunkermotoren, Ebm-Papst, Oriental Motors, TMEIC, TECO Electric and Machinery, Faulhaber Drive Systems, Haydon Kerk-Pittman, Toshiba Industrial Corporation, Portescap, Hitachi, Dumore Motors, and Oemer Motori Elettrici SpA.Through this analysis, Frost & Sullivan finds that the visionaries in this mature market tend to leverage a clearly defined growth pipeline system to drive a significant portion of their growth from adjacent markets and new opportunities. They are also well-positioned to drive revenues by enhancing product differentiation, providing value-added services, tackling challenging applications with innovative solutions, and ushering in a wave of Industrial Internet of Things (IIoT)-related growth opportunities. Other companies that are positioned as contenders have a more steadily evolving growth pipeline system and show strong revenue growth, albeit from existing core markets. These companies also exhibit a clear innovation process that prioritizes new product development and is able to push these solutions into the market. Going forward, Frost & Sullivan expects smart motor solutions to continue to gain traction among customers, and the companies that are best positioned to serve these customers would remain at the top of the Radar, or move up if not already there.The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
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