Energy Efficient Motor Market – Global Opportunities and Forecast, 2020-2027

 

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

Competitive Rivalry of the Energy Efficient Motor Market:

The leading players in the energy efficient motor market include ABB, General Electric Company, Schneider Electric, Nidec Motor Corporation, Rockwell Automation Inc, CG Power and Industrial Solutions Limited, Bosch Rexroth AG, Kirloskar Electric Motors, Honeywell International, Inc., and Siemens AG, among others.

Drivers of the Energy Efficient Motor Market:

The major factors surging the growth of the global energy efficient motor market include the government's growing support for the adoption of energy-efficient motors, rising need to reduce energy consumption by industries, and increasing need to reduce the greenhouse effect. Moreover, growing awareness about energy conservation is encouraging the end-user industries to adopt energy-efficient and eco-friendly solutions for various technologies and business processes. Furthermore, most industrial end-users are switching from general motors to energy-efficient motors, thus allowing countries to conserve natural energy resources and decrease the greenhouse effect and harmful emissions. It is a key factor responsible for the growth of the energy efficient motor market across the globe.

The accelerating adoption of energy-efficient solutions is one of the emerging trends observed in the market. While converting electrical energy into mechanical energy, some of the energy is lost as waste heat. Additionally, many times not all the energy goes into the motor and gets converted into usable mechanical energy, thus resulting in huge overall waste. Hence, replacing traditional motors with energy efficient motors decreases losses and electricity by more than 25 percent. The energy efficient motors have the lowest rate of failure and high overload conditions; it makes them suitable for a wide range of applications. All these factors are propelling the demand for the market during the forecast period.

Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Installation:

·         Open Drip Proof (ODP) Motor

·         Totally Enclosed Fan Cooled (TEFC) Motor

Breakup by Efficiency Level:

·         IE4

·         IE3

·         IE2

·         IE1

 

Breakup by Motor:

·         AC Motors

o    Induction Motors

o    Synchronous Motors

·         DC Motors

o    Brushed DC motors

o    Brushless DC motors

Breakup by Application:

·         Heating, Ventilation, and Air Conditioning (HVAC)

·         Fans

·         Pumps

·         Compressors

·         Refrigeration

·         Material Handling

·         Material Processing

Breakup by Vertical:

·         Residential

·         Transportation

·         Agriculture

·         Aerospace and Defense

·         Commercial Buildings

·         Industrial

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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