Market Overview:
The global premium efficiency motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient motors across different industries, such as automotive, machinery, oil & gas, and others. In addition, the growing awareness about energy conservation is also propelling the demand for premium efficiency motors globally. Based on type, the global premium efficiency motor market can be segmented into YX3 type motors, YE2 type motors and YE3 type motors. The YX3 type motor segment is expected to account for a major share of the global market in terms of revenue during the forecast period owing to its high performance and superior quality as compared with other types of electric motors available in the market.
Product Definition:
A Premium Efficiency Motor is defined as a motor that exceeds the energy efficiency levels set by the United States Department of Energy. Importance of premium efficiency motors include potential utility rebates, increased equipment life, and reduced operating costs.
YX3:
The YX3 is a type of three-phase brushless DC motor with premium efficiency. It has been designed to provide high power density in small package size, which makes it suitable for various applications such as medical equipment, consumer electronics and so on. The market for premium efficiency motors YX3 is expected to grow at a higher CAGR over the forecast period owing to its increasing usage in medical equipment and other application areas where high precision and low noise are required.
YE2:
YE2 is a type of insulation material that is used in premium efficiency motors. It helps in increasing the life of motor and reduces its price. The product also provides thermal resistance, corrosion resistance, and high-temperature stability to the motor which results into better reliability & operating performance over time.
The market for YE2 is growing at a significant pace owing to its usage across various industries such as automotive & transportation, power generation, aerospace & defense among others.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. The growing automotive industry, particularly in countries like China, India and Japan is expected to remain a key factor driving demand for premium efficiency motors over the next few years.
The other applications include construction equipment, agricultural machinery and industrial machinery among others. These applications are projected to witness significant growth on account of increasing investments by companies in developing economies with rising potential for these markets. For instance; In June 2018; Siemens launched an electric power unit of 1 megawatt capacity at Pune facility, India which will be utilized for providing power units to industrial complexes located at Mahadwar-Sangli route.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising industrialization and increasing adoption of premium efficiency motors in countries such as China, India, Japan, and South Korea. In addition, growing automotive industry in these countries coupled with rapid urbanization will boost product demand further.
Europe accounted for a significant share of global revenue in 2017 owing to stringent government regulations regarding carbon emissions from electric vehicles coupled with favorable policies aimed at promoting fuel economy of passenger cars and commercial vehicles. These factors are anticipated to drive the regional market growth over the forecast period. Moreover, presence of major automobile manufacturers such as BMW Group; Mercedes Benz AG; Volkswagen Group; AUDI AG; Ford Motor Company LLC.; Volvo Car Corporation is also expected to have a positive impact on motor sales volume over next eight years or so.
The North America region accounted for more than 20% share in 2017 owing high product penetration rates observed across U S states including California.
Growth Factors:
- Increasing demand for energy-efficient motors from the industrial sector
- Rising awareness about the benefits of premium efficiency motors among consumers
- Proliferation of motor control technologies that enable better energy utilization
- Stringent government regulations and standards pertaining to energy consumption in electric motors
- Growing demand for premium efficiency motors in emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Efficiency Motor Market Research Report
By Type
YX3, YE2, YE3
By Application
Automotive, Macheniry, Oil & Gas, Others
By Companies
ABB, Mitsubishi, Toshiba, Siemens, XIANGTAN ELECTRIC, TECO-Westinghouse Motor Company, Nidec Motor Corporation, SEC Electric, ASMO, Maxon motor, Rockwell Automation, WoLong Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Premium Efficiency Motor Market Report Segments:
The global Premium Efficiency Motor market is segmented on the basis of:
Types
YX3, YE2, YE3
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Macheniry, Oil & Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Mitsubishi
- Toshiba
- Siemens
- XIANGTAN ELECTRIC
- TECO-Westinghouse Motor Company
- Nidec Motor Corporation
- SEC Electric
- ASMO
- Maxon motor
- Rockwell Automation
- WoLong Group
Highlights of The Premium Efficiency Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- YX3
- YE2
- YE3
- By Application:
- Automotive
- Macheniry
- Oil & Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Premium Efficiency Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Premium Efficiency Motor is a type of electric motor that uses less energy to produce the same amount of power as other motors. This makes it a more environmentally-friendly option, and it can also save you money on your electricity bill.
Some of the major companies in the premium efficiency motor market are ABB, Mitsubishi, Toshiba, Siemens, XIANGTAN ELECTRIC, TECO-Westinghouse Motor Company, Nidec Motor Corporation, SEC Electric, ASMO, Maxon motor, Rockwell Automation, WoLong Group.
The premium efficiency motor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Premium Efficiency Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Premium Efficiency Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Premium Efficiency Motor Market - Supply Chain
4.5. Global Premium Efficiency Motor Market Forecast
4.5.1. Premium Efficiency Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Premium Efficiency Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Premium Efficiency Motor Market Absolute $ Opportunity
5. Global Premium Efficiency Motor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Premium Efficiency Motor Market Size and Volume Forecast by Type
5.3.1. YX3
5.3.2. YE2
5.3.3. YE3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Premium Efficiency Motor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Premium Efficiency Motor Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Macheniry
6.3.3. Oil & Gas
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Premium Efficiency Motor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Premium Efficiency Motor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Premium Efficiency Motor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Premium Efficiency Motor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Premium Efficiency Motor Demand Share Forecast, 2019-2029
9. North America Premium Efficiency Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Premium Efficiency Motor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Premium Efficiency Motor Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Macheniry
9.4.3. Oil & Gas
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Premium Efficiency Motor Market Size and Volume Forecast by Type
9.7.1. YX3
9.7.2. YE2
9.7.3. YE3
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Premium Efficiency Motor Demand Share Forecast, 2019-2029
10. Latin America Premium Efficiency Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Premium Efficiency Motor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Premium Efficiency Motor Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Macheniry
10.4.3. Oil & Gas
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Premium Efficiency Motor Market Size and Volume Forecast by Type
10.7.1. YX3
10.7.2. YE2
10.7.3. YE3
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Premium Efficiency Motor Demand Share Forecast, 2019-2029
11. Europe Premium Efficiency Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Premium Efficiency Motor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Premium Efficiency Motor Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Macheniry
11.4.3. Oil & Gas
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Premium Efficiency Motor Market Size and Volume Forecast by Type
11.7.1. YX3
11.7.2. YE2
11.7.3. YE3
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Premium Efficiency Motor Demand Share, 2019-2029
12. Asia Pacific Premium Efficiency Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Premium Efficiency Motor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Premium Efficiency Motor Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Macheniry
12.4.3. Oil & Gas
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Premium Efficiency Motor Market Size and Volume Forecast by Type
12.7.1. YX3
12.7.2. YE2
12.7.3. YE3
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Premium Efficiency Motor Demand Share, 2019-2029
13. Middle East & Africa Premium Efficiency Motor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Premium Efficiency Motor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Premium Efficiency Motor Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Macheniry
13.4.3. Oil & Gas
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Premium Efficiency Motor Market Size and Volume Forecast by Type
13.7.1. YX3
13.7.2. YE2
13.7.3. YE3
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Premium Efficiency Motor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Premium Efficiency Motor Market: Market Share Analysis
14.2. Premium Efficiency Motor Distributors and Customers
14.3. Premium Efficiency Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsubishi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XIANGTAN ELECTRIC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TECO-Westinghouse Motor Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nidec Motor Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SEC Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ASMO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Maxon motor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rockwell Automation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WoLong Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook