Motor And Generator Market Overview in the USA
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.
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.