Motors shipments climb in second quarter

Demand for motors increased for a third straight quarter during the second quarter of 2012 as the National Electrical Manufacturers Association’s (NEMA) Motors Shipments Index increased 5.3% from the previous quarter. This surge follows on the heels of a 5.9% (revised) gain posted in the first quarter of this year and a 3.6% gain recorded in the fourth quarter of last year.

Since bottoming out in the second quarter of 2009, during the depths of the Great Recession, the index has climbed a cumulative 53% and has topped its pre-recession high for five straight quarters. Growth in the fractional horsepower segment of the motors market dipped below that of the integral horsepower segment in the second half of 2011, but rebounded strongly in the first half of this year.

NEMA Chart

The inflation adjusted dollar value of fractional horsepower motors shipments has almost doubled between the second quarter of 2009 and the second quarter of 2012, while the value of integral horsepower motors shipments increased by almost a third over the same period. According to NEMA, the electrical manufacturing industry is expected to advance at a steady annual pace over the next two years.

NEMA is a Rosslyn, Va.-based association of electrical equipment companies that manufacture power transmission and distribution equipment, lighting systems, and factory automation and control systems.

-Bill O’Leary

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