The global energy efficient motors market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for energy efficient motors in various applications and growing awareness about the benefits of using these motors.
The global energy efficient motors market is segmented on the basis of type, product type, application and region. On the basis of type, it can be classified into standard efficiency (IE1), high efficiency (IE2) and premium efficiency (IE3). On the basis of product type, it can be classified into synchronous motor and asynchronous motor. On the basis of application, it can be classified into industrial sector, aerospace & defense sector, buildings sector and agriculture sector. The region-wise classification includes North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa(APMEA).
5a) Increasing demand for electric vehicles (EVs) is another factor that will drive the growth of this market over time, as EVs require high-performance motors with low power consumption rates, which can be achieved through using an energy efficient motor; 5b) In addition, increased use of renewable sources such as solar power will also drive the demand for these products over time because they require less maintenance than traditional sources such as coal or gas plants.
Some Of The Growth Factors Of This Market:
- The increasing demand for energy efficient motors is a major factor driving the growth of the market.
- The increasing awareness about the benefits of energy efficient motors is also a major factor driving the growth of this market.
- The growing need to reduce carbon emissions and increase efficiency in power generation is also a major factor driving the growth of this market.
- Increasing investments in research and development activities by key players in this industry are also contributing to its growth, as they are developing new technologies that can be used for manufacturing energy efficient motors, which will help them stay competitive in this industry over time and gain more share from competitors who do not invest heavily on R&D activities or have not developed any new technologies yet to manufacture these products efficiently and cost-effectively.
Industry Growth Insights published a new data on “Energy Efficient Motors Market”. The research report is titled “Energy Efficient Motors Market research by Types (By Type, Standard-IE1, High-IE2, Premium-IE3, Super premium-IE4, By Product Type, Synchronous Motor, Asynchronous Motor), By Applications (Industrial, Aerospace and Defense, Buildings, Agriculture Sector), By Players/Companies ABB Ltd, Johnson Controls Inc., Crompton Greaves, Simens AG, Weg S.A., General Electric, Kirlosakar Electric Company, Ltd, Microchip Technology, Inc., Honeywell International, Inc., Emerson Electric, Magneteck, Inc., Leeson Elctric Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Efficient Motors Market Research Report
By Type
By Type, Standard-IE1, High-IE2, Premium-IE3, Super premium-IE4, By Product Type, Synchronous Motor, Asynchronous Motor
By Application
Industrial, Aerospace and Defense, Buildings, Agriculture Sector
By Companies
ABB Ltd, Johnson Controls Inc., Crompton Greaves, Simens AG, Weg S.A., General Electric, Kirlosakar Electric Company, Ltd, Microchip Technology, Inc., Honeywell International, Inc., Emerson Electric, Magneteck, Inc., Leeson Elctric Corporation
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 Energy Efficient Motors Market Report Segments:
The global Energy Efficient Motors market is segmented on the basis of:
Types
By Type, Standard-IE1, High-IE2, Premium-IE3, Super premium-IE4, By Product Type, Synchronous Motor, Asynchronous Motor
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
Industrial, Aerospace and Defense, Buildings, Agriculture Sector
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 Ltd
- Johnson Controls Inc.
- Crompton Greaves
- Simens AG
- Weg S.A.
- General Electric
- Kirlosakar Electric Company, Ltd
- Microchip Technology, Inc.
- Honeywell International, Inc.
- Emerson Electric
- Magneteck, Inc.
- Leeson Elctric Corporation
Highlights of The Energy Efficient Motors 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:
- By Type
- Standard-IE1
- High-IE2
- Premium-IE3
- Super premium-IE4
- By Product Type
- Synchronous Motor
- Asynchronous Motor
- By Application:
- Industrial
- Aerospace and Defense
- Buildings
- Agriculture Sector
- 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 Energy Efficient Motors 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.
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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?
Energy efficient motors are motors that use less energy to operate than traditional motors. This can be accomplished through a variety of methods, including using more efficient materials and design, reducing friction in the motor, and using sensors to optimize operation.
Some of the major players in the energy efficient motors market are ABB Ltd, Johnson Controls Inc., Crompton Greaves, Simens AG, Weg S.A., General Electric, Kirlosakar Electric Company, Ltd, Microchip Technology, Inc., Honeywell International, Inc., Emerson Electric, Magneteck, Inc., Leeson Elctric Corporation.
The energy efficient motors market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Energy Efficient Motors 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. Energy Efficient Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Energy Efficient Motors Market - Supply Chain
4.5. Global Energy Efficient Motors Market Forecast
4.5.1. Energy Efficient Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Energy Efficient Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Energy Efficient Motors Market Absolute $ Opportunity
5. Global Energy Efficient Motors 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. Energy Efficient Motors Market Size and Volume Forecast by Type
5.3.1. By Type
5.3.2. Standard-IE1
5.3.3. High-IE2
5.3.4. Premium-IE3
5.3.5. Super premium-IE4
5.3.6. By Product Type
5.3.7. Synchronous Motor
5.3.8. Asynchronous Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Energy Efficient Motors 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. Energy Efficient Motors Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Aerospace and Defense
6.3.3. Buildings
6.3.4. Agriculture Sector
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Energy Efficient Motors 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. Energy Efficient Motors 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 Energy Efficient Motors 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. Energy Efficient Motors 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 Energy Efficient Motors Demand Share Forecast, 2019-2026
9. North America Energy Efficient Motors 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 Energy Efficient Motors 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 Energy Efficient Motors Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Aerospace and Defense
9.4.3. Buildings
9.4.4. Agriculture Sector
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Energy Efficient Motors Market Size and Volume Forecast by Type
9.7.1. By Type
9.7.2. Standard-IE1
9.7.3. High-IE2
9.7.4. Premium-IE3
9.7.5. Super premium-IE4
9.7.6. By Product Type
9.7.7. Synchronous Motor
9.7.8. Asynchronous Motor
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 Energy Efficient Motors Demand Share Forecast, 2019-2026
10. Latin America Energy Efficient Motors 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 Energy Efficient Motors 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 Energy Efficient Motors Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Aerospace and Defense
10.4.3. Buildings
10.4.4. Agriculture Sector
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Energy Efficient Motors Market Size and Volume Forecast by Type
10.7.1. By Type
10.7.2. Standard-IE1
10.7.3. High-IE2
10.7.4. Premium-IE3
10.7.5. Super premium-IE4
10.7.6. By Product Type
10.7.7. Synchronous Motor
10.7.8. Asynchronous Motor
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 Energy Efficient Motors Demand Share Forecast, 2019-2026
11. Europe Energy Efficient Motors 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 Energy Efficient Motors 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 Energy Efficient Motors Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Aerospace and Defense
11.4.3. Buildings
11.4.4. Agriculture Sector
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Energy Efficient Motors Market Size and Volume Forecast by Type
11.7.1. By Type
11.7.2. Standard-IE1
11.7.3. High-IE2
11.7.4. Premium-IE3
11.7.5. Super premium-IE4
11.7.6. ByProduct Type
11.7.7. Synchronous Motor
11.7.8. Asynchronous Motor
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 Energy Efficient Motors Demand Share, 2019-2026
12. Asia Pacific Energy Efficient Motors 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 Energy Efficient Motors 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 Energy Efficient Motors Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Aerospace and Defense
12.4.3. Buildings
12.4.4. Agriculture Sector
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Energy Efficient Motors Market Size and Volume Forecast by Type
12.7.1. By Type
12.7.2. Standard-IE1
12.7.3. High-IE2
12.7.4. Premium-IE3
12.7.5. Super premium-IE4
12.7.6. By Product Type
12.7.7. Synchronous Motor
12.7.8. Asynchronous Motor
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 Energy Efficient Motors Demand Share, 2019-2026
13. Middle East & Africa Energy Efficient Motors 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 Energy Efficient Motors 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 Energy Efficient Motors Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Aerospace and Defense
13.4.3. Buildings
13.4.4. Agriculture Sector
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Energy Efficient Motors Market Size and Volume Forecast by Type
13.7.1. By Type
13.7.2. Standard-IE1
13.7.3. High-IE2
13.7.4. Premium-IE3
13.7.5. Super premium-IE4
13.7.6. By Product Type
13.7.7. Synchronous Motor
13.7.8. Asynchronous Motor
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 Energy Efficient Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Energy Efficient Motors Market: Market Share Analysis
14.2. Energy Efficient Motors Distributors and Customers
14.3. Energy Efficient Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson Controls Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Crompton Greaves
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Simens AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Weg S.A.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kirlosakar Electric Company, Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Microchip Technology, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honeywell International, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Emerson Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Magneteck, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Leeson Elctric Corporation
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
