In Feb 2017, Nidec Corporation announced that it had completed the previously announced acquisition of the electric power generation, motors, and drives business of Emerson Electric Co. Nidec has been developing a new growth platform with a major focus on commercial and industrial businesses. The company has several production and sales bases in China, Mexico, America, and England. Read more: Innovations in the Automotive Industry: Beyond Electric CarsĤ) Nidec Motor is a leading Japanese manufacturer of motors and control equipment for industrial use, home appliances, and consumer products. Furthermore, as part of its Next Level strategy, wholly-owned brand Baldor Electric was renamed ABB on March 1, 2018. Further, in September the company signed a contract to acquire GE Industrial Solutions, GE’s electrification solutions business, which is expected to strengthen its global position in electrification as well as expand its access to the North American market. Strategic acquisitions and developments:ĪBB completed its acquisition of B&R in 2017, one of the largest providers of machine and factory automation solutions. 2017 was a transition year for ABB, as the company strengthened and streamlined its portfolio and operations, in line with its Next Level strategy, further executing on a plan that began in 2014. It serves clients in utilities, industry, and transport and infrastructure globally.
is producing larger and more sophisticated electric motors in a renovated 63,000-square-foot facility.ģ) Continuing a history of technological innovation spanning over 130 years, ABBhas become a world leader in electrification products, industrial automation and power grids, robotics, and motion.
Five years after the acquisition, the new business Toshiba Industrial Products Canada Ltd. It was Toshiba’s first motor company acquisition in its history. acquired Elettra Technology Inc., a Hamilton-based industrial electric motors manufacturer. The company offers a wide range of low- and medium-voltage motors that are setting new standards in extreme duty performance and durability. Along with this, Siemens recently partnered with Alstom, a French multinational company, to combine its mobility business (including rail traction drives) with Alstom.įind out Siemens’ market share in the global electric motor market by downloading Technavio’s Global Synchronous Electric Motors Market ReportĢ) Toshiba, a world-leading diversified manufacturer and solutions provider, entered the electric motors industry in 1970 and has since become known for manufacturing some of the most reliable, robust electric motors in the global market. Rolls-Royce, Siemens, and Airbus formed a partnership last year which aims at developing a near-term flight demonstrator that will be a significant step forward in hybrid-electric propulsion for commercial aircraft. The company aims to redesign electric motor technology from the ground up for use in electric vehicles. Since being founded over 150 years ago by a visionary entrepreneur, Siemens has grown into one of the world’s leading electric motors manufacturers. From building technologies and automation equipment for manufacturers and construction companies to imaging and diagnostic systems for hospitals and electric motors for industrial and mobility purposes, Siemensseems to be everywhere. Top 20 Electric Motor Manufacturers in the World 2019:ġ) It is probably easier to name the things this electrical engineering juggernaut doesn’t do. Competition among electric motor companies is fierce, and the following are leading the race in 2019. For example, growth is accelerating in the synchronous electric motors market, which can expect an increase of several billion dollars by 2021. With so much demand for electric motors, many products are thriving. At a time when talk has shifted to emission reduction, electric motor manufacturers have been innovating and disrupting the global marketplace. Over 30 million motors are sold each year for industrial purposes alone. More than 300 million electric motors are used in infrastructure, large buildings, and industry globally.
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