Energy Efficient Motor Market Research Report—Global Forecast till 2030

Energy Efficient Motor Market Research Report Information By Application (HVAC, Fans, Pumps, Compressors, Others) Efficiency Level (IE1, IE2, IE3, IE4) End-Ise Industry (Industrial, Commercial Building, Residential, Automotive, Others) Forecast 2030

ID: MRFR/E&P/9353-HCR | August 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Factor Analysis

4.1 Supply Chain Analysis

4.1.1 Raw Form Suppliers

4.1.2 Manufacturers/Service Providers of Energy Efficient Motor

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 End-Use Industries

4.2 Porter’s Five Forces Model

4.2.1 Threat of New Entrants

4.2.2 Intensity of Competitive Rivalry

4.2.3 Threat of Substitutes

4.2.4 Bargaining Power of Suppliers

4.2.5 Bargaining Power of Buyers

4.3 Pricing Analysis

5 Market Dynamics of Global Energy Efficient Motor Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 COVID-19 Impact Analysis on Global Energy Efficient Motor Market

6 Global Energy Efficient Motor Market, by Application

6.1 Introduction

6.2 HVAC

6.2.1 Market Estimates & Forecast, 2018–2030

6.2.2 Market Estimates & Forecast, by Region, 2018–2030

6.3 Fans

6.3.1 Market Estimates & Forecast, 2018–2030

6.3.2 Market Estimates & Forecast, by Region, 2018–2030

6.4 Pumps

6.4.1 Market Estimates & Forecast, 2018–2030

6.4.2 Market Estimates & Forecast, by Region, 2018–2030

6.5 Compressors

6.5.1 Market Estimates & Forecast, 2018–2030

6.5.2 Market Estimates & Forecast, by Region, 2018–2030

6.6 Others

6.6.1 Market Estimates & Forecast, 2018–2030

6.6.2 Market Estimates & Forecast, by Region, 2018–2030

7 Global Energy Efficient Motor Market, by Efficiency Level

7.1 Introduction

7.2 IE1

7.2.1 Market Estimates & Forecast, 2018–2030

7.2.2 Market Estimates & Forecast, by Region, 2018–2030

7.3 IE2

7.3.1 Market Estimates & Forecast, 2018–2030

7.3.2 Market Estimates & Forecast, by Region, 2018–2030

7.4 IE3

7.4.1 Market Estimates & Forecast, 2018–2030

7.4.2 Market Estimates & Forecast, by Region, 2018–2030

7.5 IE4

7.5.1 Market Estimates & Forecast, 2018–2030

7.5.2 Market Estimates & Forecast, by Region, 2018–2030

8 Global Energy Efficient Motor Market, by End Use Industry

8.1 Introduction

8.2 Industrial

8.2.1 Market Estimates & Forecast, 2018–2030

8.2.2 Market Estimates & Forecast, by Region, 2018–2030

8.3 Commercial Building

8.3.1 Market Estimates & Forecast, 2018–2030

8.3.2 Market Estimates & Forecast, by Region, 2018–2030

8.4 Residential

8.4.1 Market Estimates & Forecast, 2018–2030

8.4.2 Market Estimates & Forecast, by Region, 2018–2030

8.5 Automotive

8.5.1 Market Estimates & Forecast, 2018–2030

8.5.2 Market Estimates & Forecast, by Region, 2018–2030

8.6 Others

8.6.1 Market Estimates & Forecast, 2018–2030

8.6.2 Market Estimates & Forecast, by Region, 2018–2030

9 Global Energy Efficient Motor Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2018–2030

9.2.2 Market Estimates & Forecast, by Application, 2018–2030

9.2.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.2.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2018–2030

9.2.5.2 Market Estimates & Forecast, by Application, 2018–2030

9.2.5.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.2.5.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2018–2030

9.2.6.2 Market Estimates & Forecast, by Application, 2018–2030

9.2.6.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.2.6.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3 Europe

9.3.1 Market Estimates & Forecast, 2018–2030

9.3.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2018–2030

9.3.5.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.5.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.5.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2018–2030

9.3.6.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.6.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.6.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2018–2030

9.3.7.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.7.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.7.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2018–2030

9.3.8.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.8.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.8.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2018–2030

9.3.9.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.9.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.9.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2018–2030

9.3.10.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.10.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.10.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.3.11 Rest of Europe

9.3.11.1 Market Estimates & Forecast, 2018–2030

9.3.11.2 Market Estimates & Forecast, by Application, 2018–2030

9.3.11.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.3.11.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4 Asia-Pacific

9.4.1.1 Market Estimates & Forecast, 2018–2030

9.4.1.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.1.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.1.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.2 China

9.4.2.1 Market Estimates & Forecast, 2018–2030

9.4.2.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.2.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.2.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.3 India

9.4.3.1 Market Estimates & Forecast, 2018–2030

9.4.3.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.3.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.3.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.4 South Korea

9.4.4.1 Market Estimates & Forecast, 2018–2030

9.4.4.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.4.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.4.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.5 Indonesia

9.4.5.1 Market Estimates & Forecast, 2018–2030

9.4.5.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.5.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.5.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.6 Australia & New Zealand

9.4.6.1 Market Estimates & Forecast, 2018–2030

9.4.6.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.6.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.6.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.7 Rest of Asia-Pacific

9.4.7.1 Market Estimates & Forecast, 2018–2030

9.4.7.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.7.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.7.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.8 Middle East & Africa

9.4.8.1 Market Estimates & Forecast, 2018–2030

9.4.8.2 Market Estimates & Forecast, by Application, 2018–2030

 

9.4.8.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.8.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.9 Turkey

9.4.9.1 Market Estimates & Forecast, 2018–2030

9.4.9.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.9.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.9.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.10 Israel

9.4.10.1 Market Estimates & Forecast, 2018–2030

9.4.10.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.10.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.10.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.11 North Africa

9.4.11.1 Market Estimates & Forecast, 2018–2030

9.4.11.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.11.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.11.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.12 GCC

9.4.12.1 Market Estimates & Forecast, 2018–2030

9.4.12.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.12.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.12.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.4.13 Rest of the Middle East & Africa

9.4.13.1 Market Estimates & Forecast, 2018–2030

9.4.13.2 Market Estimates & Forecast, by Application, 2018–2030

9.4.13.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.4.13.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.5 Latin America

9.5.1.1 Market Estimates & Forecast, 2018–2030

9.5.1.2 Market Estimates & Forecast, by Application, 2018–2030

9.5.1.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.5.1.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.5.2 Brazil

9.5.2.1 Market Estimates & Forecast, 2018–2030

9.5.2.2 Market Estimates & Forecast, by Application, 2018–2030

9.5.2.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.5.2.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.5.3 Argentina

9.5.3.1 Market Estimates & Forecast, 2018–2030

9.5.3.2 Market Estimates & Forecast, by Application, 2018–2030

9.5.3.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.5.3.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.5.4 Mexico

9.5.4.1 Market Estimates & Forecast, 2018–2030

9.5.4.2 Market Estimates & Forecast, by Application, 2018–2030

9.5.4.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.5.4.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

9.5.5 Rest of Latin America

9.5.5.1 Market Estimates & Forecast, 2018–2030

9.5.5.2 Market Estimates & Forecast, by Application, 2018–2030

9.5.5.3 Market Estimates & Forecast, by Efficiency Level, 2018–2030

9.5.5.4 Market Estimates & Forecast, by End Use Industry, 2018–2030

10 Competitive Landscape

10.1 Introduction

10.2 Market Key Strategies

10.3 Key Development Analysis (Expansions/Mergers & Acquisitions/Joint Ventures/New Energy Efficient Motor Developments/Agreements/Investments)

11 Company Profiles

11.1 ABB

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Energy Efficient Motor Offered

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 Siemens

11.3 Rockwell

11.4 Schneider Electric

11.5 Crompton Greaves

11.6 Kirloskar Electric Company Ltd.

11.7 Bosch Rexroth AG

11.8 Regal Beloit Corporation

11.9 Nidec Motor Corporation

11.10 WEG

11.11 HIGEN MOTOR Co., LTD

11.12 NEMA Premium Motors

11.13 AMETEK Inc.

11.14 Johnson Electric

12 Appendix

 

LIST OF TABLES

Table 1: Global Energy Efficient Motor Market, by region, 2018–2030

Table 2: North America: Energy Efficient Motor Market, by Country, 2018–2030

Table 3: Europe: Energy Efficient Motor Market, by Country, 2018–2030

Table 4: Asia-Pacific: Energy Efficient Motor Market, by Country, 2018–2030

Table 5: Latin America: Energy Efficient Motor Market, by Country, 2018–2030

Table 5: Middle East and Africa: Energy Efficient Motor Market, by Country, 2018–2030

Table 7: Global Energy Efficient Motor Efficiency Level Market, by region, 2018–2030

Table 8: North America: Energy Efficient Motor Efficiency Level Market, by Country, 2018–2030

Table 9: Europe: Energy Efficient Motor Efficiency Level Market, by Country, 2018–2030

Table 10: Asia-Pacific: Energy Efficient Motor Efficiency Level Market, by Country, 2018–2030

Table 11: Latin America: Energy Efficient Motor Efficiency Level Market, by Country, 2018–2030

Table 12: Middle East and Africa: Energy Efficient Motor Efficiency Level Market, by Country, 2018–2030

Table 13: Global Energy Efficient Motor End Use Industry Market, by region, 2018–2030

Table 14: North America: Energy Efficient Motor End Use Industry Market, by Country, 2018–2030

Table 15: Europe: Energy Efficient Motor End Use Industry Market, by Country, 2018–2030

Table 16: Asia-Pacific: Energy Efficient Motor End Use Industry Market, by Country, 2018–2030

Table 17: Latin America: Energy Efficient Motor End Use Industry Market, by Country, 2018–2030

Table 18: Middle East and Africa: Energy Efficient Motor End Use Industry Market, by Country, 2018–2030

Table 19: Global Energy Efficient Motor Application Market, by region, 2018–2030

Table 20: North America: Energy Efficient Motor Application Market, by Country, 2018–2030

Table 21: Europe: Energy Efficient Motor Application Market, by Country, 2018–2030

Table 22: Asia-Pacific: Energy Efficient Motor Application Market, by Country, 2018–2030

Table 23: Latin America: Energy Efficient Motor Application Market, by Country, 2018–2030

Table 24: Middle East and Africa: Energy Efficient Motor Application Market, by Country, 2018–2030

Table 25: Global Energy Efficient Motor Efficiency Level Market, by region, 2018–2030

Table 26: Global Energy Efficient Motor Application Market, by region, 2018–2030

Table 26: Global Energy Efficient Motor End Use Industry Market, by region, 2018–2030

Table 27: North America: Energy Efficient Motor Market, by Country, 2018–2030

Table 28: North America: Energy Efficient Motor Market, by Efficiency Level 2018–2030

Table 29: North America: Energy Efficient Motor Market, by Application, 2018–2030

Table 30: North America: Energy Efficient Motor Market, by End Use Industry 2018–2030

Table 31: Europe: Energy Efficient Motor Market, by Country, 2018–2030

Table 32: Europe: Energy Efficient Motor Market, by Application, 2018–2030

Table 33: Europe: Energy Efficient Motor Market, by Efficiency Level, 2018–2030

Table 33: Europe: Energy Efficient Motor Market, by End Use Industry, 2018–2030

Table 34: Asia-Pacific: Energy Efficient Motor Market, by Country, 2018–2030

Table 35: Asia-Pacific: Energy Efficient Motor Market, by Application, 2018–2030

Table 36: Asia-Pacific: Energy Efficient Motor Market, by Efficiency Level, 2018–2030

Table 36: Asia-Pacific: Energy Efficient Motor Market, by End Use Industry, 2018–2030

Table 37: Latin America: Energy Efficient Motor Market, by Country, 2018–2030

Table 38: Latin America: Energy Efficient Motor Market, by Application, 2018–2030

Table 39: Latin America: Energy Efficient Motor Market, by Efficiency Level, 2018–2030

Table 39: Latin America: Energy Efficient Motor Market, by End Use Industry, 2018–2030

Table 40: Middle East and Africa: Energy Efficient Motor Market, by Application, 2018–2030

Table 41: Middle East and Africa: Energy Efficient Motor Market, by Efficiency Level, 2018–2030

Table 42: Middle East and Africa: Energy Efficient Motor Market, by End Use Industry, 2018–2030

LIST OF FIGURES

FIGURE 1 Global Energy Efficient Motor Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Energy Efficient Motor Market

FIGURE 4 Value Chain/Supply Chain of Global Energy Efficient Motor Market

FIGURE 5 Share of Global Energy Efficient Motor Market, by Country, 2021 (%)

FIGURE 6 Global Energy Efficient Motor Market, 2018–2030

FIGURE 7 Global Energy Efficient Motor Market Size, by Application, 2018–2030

FIGURE 8 Share of Global Energy Efficient Motor Market, by Application, 2021 (%)

FIGURE 9 Global Energy Efficient Motor Market Size, by Efficiency Level, 2018–2030

FIGURE 10 Share of Global Energy Efficient Motor Market, by Efficiency Level, 2021 (%)

FIGURE 9 Global Energy Efficient Motor Market Size, by End Use Industry, 2018–2030

FIGURE 10 Share of Global Energy Efficient Motor Market, by End Use Industry, 2021 (%)

Energy Efficient Motor Market

The energy efficient motor market size is projected to be worth of 62.1 Billion USD by 2030, registering a CAGR of 6.2% during 2022 – 2030

$62.1 Billion

Market Size


6.2%

CAGR


North America

Dominating Region

2022–2030

Forecast Period

Segmentation

By Application Hvac Fans Pumps Compressors Others
By Efficiency Level Ie1 Ie2 Ie3 Ie4
By End-use Industrial Commercial Building Residential Automotive Others

Key Players

  • ABB
  • Siemens
  • Rockwell
  • Schneider Electric
  • Crompton Greaves
  • Kirloskar Electric Company Ltd.
  • Bosch Rexroth AG
  • Regal Beloit Corporation
  • Nidec Motor Corporation
  • WEG

Drivers

  • Improvement in design methods to reduce carbon emissions
  • A growing need to reduce the greenhouse effect
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The energy efficient motor market size is projected to be worth USD US$ Bn 62.1 by 2030, registering a CAGR of 6.2% during the forecast period (2022–2030).


Energy Efficient Motor Market Overview


Motors that are energy efficient are those that have attributes such as superior materials and enhanced production procedures. Higher service factors, lower waste heat output, longer bearing lives, and less vibration are all characteristics of these motors. These motors improve efficiency by reducing losses, which typically contribute to only 3-6 percent of the energy flowing through the motor.


The increased emphasis on green technology adoption is having a significant impact on global demand for energy-efficient motors. Consumer preferences are being influenced by the advantages that energy-efficient motors offer over regular motors, such as high-quality lamination, insulation, and minimal fan losses. Apart from that, environmental laws and regulations, such as the Environment Protection Act (EP Act), and nonrenewable energy conservation requirements, such as the Minimum Energy Performance Standards (MEPS), are driving up demand for these motors around the world.


Energy Efficient Motor Market Competitive Landscape


The global energy efficient motor market is expected to showcase healthy growth throughout the forecast period. The global market represents strong numbers in terms of consumption and is expected to grow year on year. The global Energy Efficient Motor market is highly fragmented, with a majority presence of tier-1 players.


Some of the key players operating in the global energy efficient motor market are ABB, Siemens, Rockwell, Schneider Electric, Crompton Greaves, Kirloskar Electric Company Ltd., Bosch Rexroth AG, Regal Beloit Corporation, Nidec Motor Corporation, and WEG


Some of the key developments include:



  • In January 2022, ABB launched flameproof low voltage motors for explosive atmospheres. These low voltage flameproof motors are designed for safe use in applications in potentially explosive atmospheres.

  • In September 2021, Rockwell released a new Bulletin 140MT motor protection product. It offers enhanced Type F combination motor controller ratings when used with Bulletin 100-C and 100-E contractors, allowing assembled starters to be used without additional branch circuit protection. Because of their tap conductor protection ratings, these devices can be wired with fewer conductors in group motor installations, saving money.

  • In December 2020, ABB launched a new range of M3BP motors for its industrial customers in India, providing the best cost-effective and long-term solution based on customer needs. The M3BP motors are among the most durable on the market, allowing industrial customers to save space and money.

  • In January 2017, Siemens launched the most energy efficient low voltage motors in India. The new SIMOTICS 1LE7 motor series is the newest addition to Siemens' existing motor range in India. These motors have better efficiency values than the IE3 standards, which are now the highest efficiency class recognized by Indian Standards. Siemens SIMOTICS 1LE7 motors can provide average monetary savings of up to 8 - 20% depending on the frame size. Aside from cost benefits, the SIMOTICS 1LE7 motor family will help customers decrease lifecycle costs and meet environmental laws.


Energy Efficient Motor Market Dynamics


Drivers


  • A growing need to reduce the greenhouse effect


The growing need to reduce greenhouse gas emissions is boosting the demand for energy-efficient solutions, which will drive the expansion of the energy-efficient motor market. Companies are choosing eco-friendly solutions for their technologies and processes as energy conservation becomes more popular. Switching to energy-efficient solutions is one of the most critical factors in reducing greenhouse gas emissions from fossil-fuel-generated electricity.


The aforementioned causes are driving industrial end-users to transition from standard to energy-efficient motors. This would allow governments to maintain natural energy supplies while also considerably reducing greenhouse gas emissions and hazardous pollution. Furthermore, the use of energy-efficient motors saves money for end-users by lowering energy usage. This tendency is expected to continue during the predicted period.


Restraints


  • Lack of raw material/components


The continued chip shortage (commutator, brushes, axle) and a raw material/component shortfall, especially steel, may have an additional impact on the availability and price of new motor. The shortage of commutators affects the company's price tactics, causing the market to not remain constant and to decline within a particular timeframe.


Opportunity


  • Improvement in design methods to reduce carbon emissions


Highly efficient motors are preferred over regular motors for a variety of reasons, including longer working life, lower energy usage, less maintenance, and greater tolerance to voltage variations. The requirement for greater productivity and reduced power consumption by electric motor applications is predicted to drive up demand for high-efficiency motors. Furthermore, the rise in demand for electric motors from robotics and automated robot technologies is anticipated to provide lucrative opportunities for the growth of the energy-efficient motor market.


Challenges


  • High initial cost


The high initial cost needed to set up and operate an energy-efficient motor is still a major challenge, additionally, the overheating problem in energy-efficient motors is challenging the market expansion.


Energy Efficient Motor Market Segmentation


By Application



  • HVAC

  • Fans

  • Pumps

  • Compressors

  • Others


By Efficiency Level



  • IE1

  • IE2

  • IE3

  • IE4


By End-use Industry



  • Industrial

  • Commercial Building

  • Residential

  • Automotive

  • Others


Energy Efficient Motor Market Regional Analysis


Because of the rising awareness about the effective use of energy within the region, North America dominates the energy efficient motor industry. Because of the different actions implemented by the Department of Energy (DOE) in many countries in the region, Asia-Pacific is predicted to develop significantly from 2022 to 2030. Rising energy prices have increased concern about energy efficiency, and several measures implemented by the Department of Energy (DOE) in various APAC countries are encouraging industries to switch to high-efficiency motors (HEMs) that consume less power, resulting in the growth of the energy efficient motors market in this region.


COVID-19 Impact on the Energy Efficient Motor Market:


The instantaneous spread of COVID-19 has caused considerable disturbance to a wide range of industries across the globe.


The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Global manufacturing, tourism, and financial markets have all taken a hit. The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish growth. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.


The coronavirus's negative global effects are already evident, and they will have a considerable influence on the Energy Efficient Motor industry in 2020. The influence of Coronavirus COVID-19 on the Energy Efficient Motor business is studied and analyzed in-depth in this paper.


Energy Efficient Motor Market Report Overview:


The energy efficient motor market is segmented by application, end-use industry, efficiency level, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Energy Efficient Motor market emerging and fast-growing segments, regions, and countries.


Intended Audience



  • Energy Efficient Motor Companies

  • Automotive Companies

  • Motor Companies

  • Research Institutes

  • Government Organizations


Objectives of the Study



  • To get a comprehensive overview of the global energy efficient motor market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights into the key country/region in which the market is growing

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 62.1 Billion
  CAGR    6.2% CAGR (2022-2030)
  Base Year    2021
  Forecast Period   2022-2030
  Historical Data    2020
  Forecast Units    Value (USD Million) & Volume (Thousand Units)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, and End-use
  Geographies Covered   North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
  Key Vendors   ABB, Siemens, Rockwell, Schneider Electric, Crompton Greaves, Kirloskar Electric Company Ltd., Bosch Rexroth AG, Regal Beloit Corporation, Nidec Motor Corporation, and WEG
  Key Market Opportunities   Improvement in design methods to reduce carbon emissions
  Key Market Drivers   A growing need to reduce the greenhouse effect


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Frequently Asked Questions (FAQ) :

The global energy efficient motor market would register a growth of 6.2 %.

The automotive will play a prominent role in taking the market forward.

The lack of raw materials/components hampered the market.

Asia-pacific would enjoy the upper hand in the energy efficient motor market.

China, as the largest consumer, would set the trend.