Motor And Generator Market Overview in the USA
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.
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.