Industry Analysis & Industry Trends
Since 2007, IBISWorld estimates that domestic sales have declined due to a fall in domestic demand for industry products and a loss of domestic market share to imports. Import penetration has risen in part due to the transfer of some production capacity from the United States to low-cost jurisdictions. Looking ahead, energy-related issues like the consumption of fossil fuels and the world's changing climate will drive demand for solutions that provide secure and energy-efficient electrical equipment along with the growing demand for electricity, higher electricity prices and aging electrical infrastructure... purchase to read more
Industry Report - Industry Products Chapter
Motors and generators
Electrical generators (or dynamos) convert mechanical motion into electrical energy. Concerns about the security of electricity supplies from utilities can boost demand for generators. Also, the replacement of less-efficient generators boosts industry revenue. In 2008 and 2009, a downturn in economy-wide capital spending and industrial production activity along with a decrease in factory capacity utilization negatively impacted generator sales.
Electric motors are used in a range of products that require electricity to be converted into mechanical motion, including in consumer appliances and products used by processing industries... purchase to read more