Australia electric motors market increased by 7% CAGR during the period 2000 to 2010
Electric Motors, Generators and Transformers in Australia: ISIC 311 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 19:21:01
The Australian market for electric motors, generators and transformers grew by 7% annually over 2000-2010, and while environmental issues require some future product innovation, demand is strong. The total electric motors, generators and transformers market increased by a net 92% over 2000-2010, reaching A$4.9 billion in value by the end of the latter year.
The industry demonstrated the highest year-on-year growth of 27% in 2008, and the largest declines of 14% in 2003 and 8% in 2009, when the worldwide economic downturn significantly reduced demand. The market comprises three customer groups, the largest of which are business-to-business customers, taking up 77% of the market in 2010.
Businesses saw their share increase from 72% in 2000. Households represent the second-largest customer group with an 8% value share in 2010. Government purchases constantly accounted for 2% of the market throughout the decade.
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