Motor And Generator Market Overview in the USA

After two years of growth, the U.S. motor and generator market decreased by -% to $ in 2019. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Motor and generator consumption peaked at $ in 2018, and then declined in the following year.

In value terms, motor and generator production dropped slightly to $ in 2019. Over the period under review, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.

Motor and generator consumption in the U.S. reached units in 2019, with an increase of % on 2018 figures. The total consumption volume increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the consumption volume increased by % y-o-y. Motor and generator consumption peaked at units in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

The size of the motor and generator market in the U.S. declined to $ in 2019, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Motor and generator consumption peaked at $ in 2018, and then fell in the following year.

Driven by increasing demand for motor and generator in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .

Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last six years (from % to %).

The U.S. remains a net importer of motor and generator; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.