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. The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2018, and then contracted in the following year.

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

In 2019, approx. units of motors and generators were consumed in the U.S.; surging by % on the year before. The total consumption volume increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the consumption volume increased by % y-o-y. Motor and generator consumption peaked in 2019 and is expected to retain growth in the near future.

The value of the motor and generator market in the U.S. shrank to $ in 2019, reducing 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). The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018, and then dropped 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-year period (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.