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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