Electric Motor Rewinding Business
Electric Motor Rewinding Business. Emerging Investment Opportunities in Rewinding of Burnt Electric Motors Industry
An electric motor is an electrical machine that converts electrical energy into mechanical energy. Electric motors can be powered by direct current (DC) sources, such as from batteries, motor vehicles or rectifiers, or by alternating current (AC) sources, such as a power grid, inverters or electrical generators. The types of Electric motors are available in three main segments like AC motor, DC motor, & special purpose motors. Almost all domestic vacuum cleaners utilize an AC series-wound electric motor to spin the fan that generates suction and airflow.
Repairing of electric motors when the winding fails is known as Rewinding i.e. unwinding the old rotor and stator windings and replace it with new ones. It can be a cost-effective option especially when it’s much cheaper than buying a new motor of same capacity.
Market outlook
The industry is estimated that pumps sale alone is of the order of Rs.3500 cores serving new and replacement needs. This it indicates motor rewinding market demand. Also there is need for very many centers in rural and semi urban centers in the country. Irrigation water pump market is witnessing an impressive rate of growth on the back of depleting ground water level. These augers well for motor rewinding for newly electrified rural areas and villages. Domestic appliances and even pump sets have very good market potential as its demand emerges mostly from new and replacement needs of domestic users. In view of ever growing use of several new domestic appliances there is need rewinding and repair have good market potential in Govt. sector as well as in semi urban and rural sector. There is new trend of use of automatic/ CNC winding / rewinding process. This is however suitable for large units having large volume likes new motor production units. However the rewinding unit with small investment has to use manual process.
The increasing demand for Rewinding of burnt electric motors to sustain global development requires consistent heavy investments in power supply generation. However, in addition to complex medium and long-term planning, natural resources, which are getting depleted also plays an important role on the investment decisions. The best strategy, therefore, to maintain energy supply in the short term is to increase the energy efficiency and avoid wastage.
Rewinding of burnt electric motors are expected to play a major role in this strategy since approximately 40% of global energy demand is estimated to be related to burnt electric motors applications. In order to reduce energy consumption and carbon dioxide emissions, many governments worldwide have established local regulations, which is expected to drive the demand for environmental friendly and Rewinding of burnt electric motors in the country. Moreover, factors, such as increasing industrial activities, growing deployment of Rewinding of burnt electric motors vehicles across numerous countries, are expected to supplement the demand for Rewinding of burnt electric motors motor.
Global burnt electric motors Sales Market 2019 was assessed at USD 99.95 Billion in 2018 and is feasible to gain market returns of USD 144.37 Billion by 2024 with a CAGR of 6.32% during the forecast period from 2019 to 2024.