The Chinese market for medium-voltage (MV) motors is confronted with strong headwinds due to the adverse impact from end markets. Considering the high correlation between MV motors and the downstream industries of cement, chemical, metallurgy, mining, oil and gas, power and so on, the performance of end markets has a major influence on MV motor market trends in China.
The Chinese market for MV motors is estimated to have generated approximately $1.9 billion in revenue in 2013, with more than 26,000 units shipped during the year. IHS estimates that MV motor market revenue in China fell by 6.6 percent to nearly $1.8 billion from 2013 to 2014. The contraction is attributed to a sharp decline in pricing and unit shipments as a result of the economic slowdown and sluggish end-market performance.
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