DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/92998b/electric_motors_ma) has announced the addition of Frost & Sullivan's new report "Electric Motors Market in Taiwan" to their offering.
This Frost & Sullivan research service titled Electric Motors Market in Taiwan provides an analysis of the advancements in the motors industry and the guidelines laid down by the country's government with regard to the efficiency. It covers key market drivers and restraints, industry challenges and energy efficiency trends in Taiwan and the major industries that are likely to use high-efficiency motors in the future. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: AC asynchronous, AC synchronous and DC motors.
Solution-based Approach and an Efficient Distribution Structure Likely to Be the Way Forward in the Electric Motors Industry
With electric motors consuming 60 per cent of the overall electricity used in industries, end users realise that they have to focus their energy conservation efforts on getting their industrial plants fitted with energy-efficient motors. The recent initiatives to lower carbon dioxide emissions have led to numerous customers opting for high-efficiency equipment in their production facilities. Regulatory bodies are likely to implement quality standards in 2012, and the short-term target will be to ensure that all motors - local-made and imported - are high-efficiency motors (HEMs). The Government is likely to make Minimum Energy Performance Standards (MEPS) mandatory and impose legislative penalties for non-conformance.
Motor manufacturers will be pleased with the rising importance given to energy efficiency standards, as high-energy efficiency motors are 15-25 per cent costlier than a standard efficiency one. Manufacturers can justify these high costs with significant lifecycle savings - at 96 per cent motor efficiency, and end users can save up to 10 per cent in energy costs.
The average life span, including repairs, for a standard-efficiency motor rated between 7.5 kW to 75 kW and operating daily at about 75 per cent of full load is approximately 12 years, says the analyst of this research. This increases to about 13.5 years with the use of a high-efficiency motor and even longer with a premium-efficiency one. However, this long life has reduced the replacement rates of motors. The market maturity and the low scope for improvements in motor efficiency have further held back the market, as has competition from China.
Sophisticated Technologies to Find Considerable Uptake in Taiwan
Although the market experienced a slump in 2009, the total electric motors market in Taiwan is expected to grow at a compound annual growth rate (CAGR) of 4.4 per cent till 2016 as electric motors are vital to the growth of several industries, notes the analyst. Taiwan also has a culture of developing industrial clusters, which makes it easier for motor vendors to locate their sales and service centres strategically.
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