While the entire motor protection devices (MPD) market is forecasted to increase across the board, electronic MPDs are at the forefront of the market with new technological developments. In turn, MPDs are taking an increasingly bigger share of the market as it enters a new millennium.
Frost & Sullivan’s (www.frost.com) newest strategic research, U.S. Motor Protection Market, is an evaluation of the current state and future direction of the motor protection devices industry. The report explores the three segments of the MPD market: Electromechanical, solid-state, and microprocessor-based sectors.
Frost & Sullivan’s research indicates that the three segments Combined constituted total revenues of nearly $600 million in 1999. The Electromechanical segment accounted for nearly $281 million of that figure. The solid-state segment reached $223.5 million, but is expected to experience greater growth over the next six years.
The solid-state subsegment of electronic MPDs is the more established of the two electronic segments. It offers more protection than its electromechanical counterpart and as potential customers upgrade to premium efficiency motors, customers need to look at replacing MPDs as well.
Solid-state devices are finding their greatest acceptance in mission Critical zpplications, states Frost & Sullivan industry analyst Michael Rasche. As more potential customers switch from standard efficiency to premium efficiency motors, there is a need to replace controllers. This is due to the higher inrush of currents that accompany the premium efficiency motors. This has opened a perfect opportunity to upgrade to more advanced technology.
All segments of the market are growing, but the electronic market is garnering a larger market thanks to a price reduction of the solid-state segment. This price reduction is allowing them to penetrate the large installed base of electromechanical MPDs.
“Solid-state MPDs are expected to eventually replace electromechanical devices as the preferred form of motor protection,” says Rasche. An increased use of premium efficiency motors urges higher level of protection, which the electronic MPD segment provides. Product awareness has also accelerated the transition to solid-state MPDs, as well as interchangeability with electromechanical MPDs.
Frost & Sullivan presents 2000 Marketing Engineering Awards to companies that have worked hard to make a positive contribution to the motor protection industry. The 1999 Product Innovation Award was presented to Siemens. The 1999 recipient of the Market Leadership Award is Allen-Bradley.
Frost & Sullivan is an international marketing consulting company that monitors trends, measurements and growth rates within the Automotive industry. This study is utilised to update a series of online research such as Mechanical Power Transmission Custom. This is complemented by support for industry participants with custom consulting needs. Free executive summaries of all Frost & Sullivan reports are available to the press.
Report Code: 7226-17
zublication Title: U.S. Motor Protection Markets
Publication Date: March 2000