Electric Motor Markets generate revenues of $2.01 billion

Total market revenues could reach $2.17 billion in 2009New analysis from Frost & Sullivan, North American Automotive OE Fractional Horsepower Electric Motor Markets, has revealed that the industry generated revenues totalling $2.01 billion in 2002.Technological developments that increase functionality and performance while enabling reduced fuel consumption, emissions, costs, and maintenance needs are promoting use of electric motors. For instance, electronically commutated or brushless motors, though expensive, offer greater energy efficiency, longer life, and lower noise.Incorporating electronics directly into motors has resulted in a trend called 'mechatronics' that increases functionality and precision in operations. Along with stepper motors, which can stop at exact positions and 42-volt electrical systems that can power additional electric systems, this development is further likely to spur electric motor adoption.Overall, the original equipment (OE) electric motor market is projected to grow slowly, and the incorporation of additional features into motors, use of more expensive motors for new applications, and gradual adoption of higher-priced brushless and stepper motors will help keep prices from dropping.Source: PCBnewsline