U.S. Motor And Generator Market. Analysis And Forecast to 2030
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View PricingMotor and Generator Price in the United States - 2023
Contents:
- Motor and Generator Price in the United States (CIF) - 2023
- Motor and Generator Price in the United States (FOB) - 2023
- Motor and Generator Imports in the United States
- Motor and Generator Exports in the United States
Motor and Generator Price in the United States (CIF) - 2023
The average motor and generator import price stood at $19.1 per unit in August 2023, shrinking by -5.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 16% month-to-month. Over the period under review, average import prices hit record highs at $22.3 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($36.6 per unit), while the price for Switzerland ($6.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
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Motor and Generator Price in the United States (FOB) - 2023
In August 2023, the average motor and generator export price amounted to $42.1 per unit, increasing by 13% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices hit record highs at $51.9 per unit in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($148 per unit), while the average price for exports to Mexico ($13.4 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Motor and Generator Imports in the United States
In 2022, imports of motors and generators into the United States stood at 948M units, approximately equating the previous year. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, motor and generator imports rose significantly to $17.9B in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Motor and Generator in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4,165 | 3,656 | 4,591 | 5,162 | 7.4% |
| China | 2,808 | 2,554 | 3,044 | 3,168 | 4.1% |
| Japan | 1,028 | 1,106 | 1,448 | 1,655 | 17.2% |
| Vietnam | 186 | 492 | 1,011 | 1,143 | 83.2% |
| Germany | 978 | 815 | 843 | 1,127 | 4.8% |
| India | 329 | 383 | 335 | 571 | 20.2% |
| Taiwan (Chinese) | 392 | 396 | 502 | 537 | 11.1% |
| Canada | 307 | 321 | 400 | 517 | 19.0% |
| Brazil | 365 | 434 | 443 | 513 | 12.0% |
| South Korea | 415 | 344 | 416 | 439 | 1.9% |
| Switzerland | 237 | 240 | 289 | 303 | 8.5% |
| Thailand | 209 | 215 | 251 | 276 | 9.7% |
| Philippines | 111 | 80.5 | 73.8 | 62.5 | -17.4% |
| Others | 2,009 | 1,835 | 2,009 | 2,439 | 6.7% |
| Total | 13,539 | 12,872 | 15,656 | 17,914 | 9.8% |
Top Suppliers of Motor and Generator to the United States in 2022:
- China (218.2M units)
- Mexico (207.1M units)
- Vietnam (81.0M units)
- Japan (70.1M units)
- India (41.0M units)
- Switzerland (39.7M units)
- South Korea (34.0M units)
- Canada (32.3M units)
- Taiwan (Chinese) (29.9M units)
- Thailand (26.5M units)
- Philippines (22.9M units)
- Germany (20.9M units)
- Brazil (14.4M units)
Motor and Generator Exports in the United States
In 2022, shipments abroad of motors and generators decreased by -32.9% to 190M units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 264% against the previous year. As a result, the exports reached the peak of 308M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, motor and generator exports amounted to $7.2B in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 8% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Motor and Generator in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,425 | 1,244 | 1,349 | 1,636 | 4.7% |
| Mexico | 1,568 | 1,364 | 1,486 | 1,535 | -0.7% |
| China | 378 | 597 | 704 | 331 | -4.3% |
| Germany | 243 | 248 | 229 | 329 | 10.6% |
| Others | 3,327 | 2,910 | 3,104 | 3,371 | 0.4% |
| Total | 6,941 | 6,363 | 6,871 | 7,201 | 1.2% |
Top Export Markets for Motor and Generator from the United States in 2022:
- Mexico (125.5M units)
- Canada (13.2M units)
- China (8.1M units)
- Germany (4.3M units)
This report provides an in-depth analysis of the motor and generator market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 335312 - Motor and generator manufacturing
Companies mentioned:
- Hamilton Sundstrand Corporation
- Ametek, Bwx Technologies
- Regal-Beloit Corporation
- Nidec Motor Corporation
- Baldor Electric Company
- Franklin Electric Co.
- Generac Power Systems
- Yaskawa America
- Cummins Power Generation
- Electro-Motive Diesel
- Toshiba International Corporation
- NRG Energy
- Luvata Grenada
- Teco-Westinghouse Motor Company
- Regal Beloit America
- Kollmorgen Corporation
- Kato Engineering
- Leroy-Somer
- The Hines Group
- Generac Power Systems
- Allied Motion Technologies
- GE Energy Manufacturing
- Kinetek
- Jordan Industries
- Exx
- AES Alamitos
- Briggs & Stratton Power Products Group
- US Test Company 509
- Generac Holdings
- Teco Holdings Usa
- Nidec US Holdings Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In August 2023, the number of imports of Motor And Generator reached its highest point at 81 million units. However, from September to November of the same year, there was a decline in imports, and they failed to regain momentum. In terms of value, the imports of Motor And Generator decreased to $1.4 billion in November 2023.
213
In August 2023, imports of Motor And Generator reached a peak of 81M units. However, from September to October of the same year, imports sustained at a lower figure. In terms of value, the import of Motor And Generator significantly increased to $1.6B in October 2023.
357
In terms of value, imports of Motor And Generator decreased slightly to $1.6B in June 2023.
243
In February 2023 motor and generator prices averaged $21.0 per unit (CIF, US), a 10% increase compared to the previous month.
1399
In value terms, electric motors and generators imports totaled $X in 2016. Overall, electric motors and generators imports continue to indicate a relatively flat trend pattern. Global electric motor...
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In value terms, electric motors and generators exports amounted to $X in 2016. In general, electric motors and generators exports continue to indicate a relatively flat trend pattern. Global electri...
1079
The U.S. ranks first in global imports of motor and generator, with a X% share (based on USD). It was followed by China (X%) and Germany (X%). In 2015, U.S. motor and generator imports totaled X million USD, which wa
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The U.S. takes third place in global noncurrent-carrying wiring device exports with a X% share (based on USD), following China (X%) and Japan (X%). In 2015, the U.S. exported X million USD, -X% under the previous year.
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The price of Switchgear And Switchboard Apparatus in August 2023 was $6.5 per unit (CIF, US), which remained relatively unchanged from the previous month.
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In value terms, switchgear and switchboard apparatus imports soared to $1.7B in March 2023.
