The 2009 downturn will wipe just over $700 million off the small motor market, which peaked in 2008 at an estimated $3,018 million according to IMS Research. The market is expected to take until 2012 to return to these levels, whilst the market for some motor technologies, such as brushed DC motors, may never recover to previous peaks. The market contraction will be most severe in sectors relying on capital expenditure, such as industrial automation applications. This sector is expected to lose its mantle of largest market, by sales, to the medical applications sector.
Will small motor market recover?
Medical applications expected to be largest sector
- October 29, 2009
- 15321 views
Will small motor market recover?
Graduated in political sciences and international relations in Paris, Anis joined the team in early 2019. Editor for IEN Europe and the new digital magazine AI IEN, he is a new tech enthusiast. Also passionate about sports, music, cultures and languages.
