Southeast Asia Emerges as an Investment Hotspot for Both Manufacturers and End Users of Low-voltage IHP Motors, Finds Frost & Sullivan

Southeast Asia Emerges as an Investment Hotspot for Both Manufacturers and End Users of Low- voltage IHP Motors, Finds Frost & Sullivan PR Newswire SINGAPORE, Jan. 2, 2013 Motor quality and price are the most important purchase criteria in the region SINGAPORE, Jan. 2, 2013 /PRNewswire/ -- Southeast Asia is a developing region; all industries are demonstrating high growth rates. Its large population, low costs of production, and investment-friendly government policies attract not only manufacturers, but also end users of various industries. This creates a fertile market for low-voltage integral horsepower (LV IHP) motors. New analysis from Frost & Sullivan (http://www.motors.frost.com), Analysis of the Southeast Asian Low-voltage Integral Horsepower Motors Market, finds that the market earned revenues of $432.3 million in 2012 and estimates this to reach $576.3 million in 2017 through investments from end- user industries such as oil and gas, heating, ventilation, and air conditioning (HVAC), as well as chemicals and petrochemicals. Due to the higher production costs in China, foreign investors are tilting toward Vietnam and Indonesia. Singapore's strategic location and business- friendly environment also attract investors to start-up manufacturing units. End-user segments with the highest demand for LV IHP motors are automotive, oil & gas, power and petrochemicals. Customers primarily look for competitive prices and motor quality when purchasing an LV IHP motor.