Motor & Generator Manufacturing Industry Profile

Companies in this industry manufacture electric motors, power generators, and motor generator sets. Major US companies include AMETEK, Franklin Electric, and Regal Rexnord, as well as divisions of Emerson Electric and GE Motors; major companies based outside the US include ABB (Switzerland), Nidec (Japan), Panasonic (Japan), and Siemens (Germany).

Leading countries in the production of motors and generators include China, Germany, Canada, Mexico, and South Korea. The rising demand for uninterrupted power supply is expected to push the market's revenue to $101.85 billion by 2026.

US manufacturing of electric motors and generators involves about 420 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $10 billion.

The industry does not include makers of starter motors and battery charging alternators for internal combustion engines or makers of turbine generator sets.

COMPETITIVE LANDSCAPE

Industrial and manufacturing companies drive demand. The profitability of individual companies depends on efficient production. Small companies can compete by specializing. While larger companies, like GE, produce mainly a standard line of products, smaller companies are more likely to adapt products for customers' special needs. The US industry is highly concentrated: the 50 largest companies account for about 90% of revenue.

US exports of motors and generators go primarily to Mexico and Canada. Imports account for less than 5% of the US market. Mexico and China are the largest foreign suppliers of motors and generators to the US ...