Companies in this industry manufacture electric motors, power generators, and motor generator sets. Major US companies include AMETEK, Baldor Electric (part of Switzerland-based ABB), Franklin Electric, and Regal Beloit, as well as divisions of Emerson Electric and GE; major companies based outside the US include Nidec (Japan), Panasonic (Japan), and Siemens (Germany).
Industrial and manufacturing companies drive demand. The profitability of individual companies depends on efficient production. Small companies can compete by specializing. While larger companies, like GE, produce mainly a standard line of products, smaller companies are more likely to adapt products for customers' special needs. The US industry is highly concentrated: the 50 largest companies account for about 90% of revenue.
Products, Operations & Technology
Fractional horsepower motors (fractions of one horsepower) and integral horsepower motors (multiples of one horsepower) are the largest product categories; other products include "prime mover" generators (powered by prime movers like diesel or steam engines); and motor-generator sets. Most motors and generators are sold to industrial users (both as components in product manufacture and for industrial process use), as sources of power for industrial use, and as emergency electrical sources for commercial users.