Market Overview:
The global energy saving motors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient motors across different applications, such as commercial buildings, residential buildings, automotive, aerospace and defense, and agriculture. In addition, the growing awareness about the benefits of using energy-efficient motors is also contributing to the growth of this market.
Product Definition:
Energy saving motors are designed to use less energy than standard motors. They can be used in a variety of applications, including fans, pumps, and compressors. Energy saving motors are important because they can help reduce energy costs and save money.
AC Motors:
AC motors are the most widely used type of energy-efficient motor. They are used in numerous applications such as air conditioners, refrigerators and heaters, washing machines, vacuum cleaners and other home appliances. AC motors have a wide range of operating speeds ranging from 500 rpm to 35000 rpm. The growing demand for energy-efficient products is expected to drive the growth factor for this market over the forecast period.
DC Motors:
DC motors are used in various applications such as fans, pumps, blowers and compressors. They are also used in electric vehicles to power the drive train. DC motors have low torque but high speed which makes them suitable for applications where high speed is required with limited power source (battery).
Application Insights:
The commercial building application segment accounted for the largest revenue share of over 30% in 2017. The segment is projected to witness significant growth on account of rising demand for energy-efficient products and solutions across various industries, including healthcare, food and beverage, IT and telecomms. Increasing focus on reducing electricity costs along with the need to conserve natural resources such as water and electricity is expected to drive the demand for GEESM over the forecast period.
Residential application was one of the prominent segments accounting for a significant market share in 2017 owing to growing concerns regarding high cost of electricity bills coupled with government initiatives promoting energy efficiency across all sectors including residential buildings. Residential applications include consumer goods such as washing machines that are equipped with sensors that detect moisture levels inside an appliance so that it can be operated only when needed thereby saving both time & fuel during winters months when utility costs consume a major chunk out of consumers¢â‚¬â„¢ budgets.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial output, coupled with rising electricity consumption by industries. Rapid urbanization across emerging economies such as China and India have resulted in increased energy demand, which is anticipated to drive regional market growth over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to stringent government regulations favoring eco-friendly motors used for space heating, water heating, refrigeration and other applications requiring high power density along with superior efficiency levels from energy-efficient motors. Moreover, growing aerospace & defense industry due to increasing military expenditure by countries such as Russia and France are anticipated to drive product demand across Europe during the forecast period.
Growth Factors:
- Increasing awareness about the benefits of energy saving motors among consumers and businesses
- Rising electricity prices, which is motivating companies to invest in energy saving motors
- Government regulations and incentives that are encouraging the use of energy saving motors
- Technological advancements that are making energy saving motors more efficient and affordable
- Growing demand for green technologies, which is benefiting the growth of the energy saving motor market
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Saving Motors Market Research Report
By Type
AC Motors, DC Motors
By Application
Commercial Building, Residential, Automotive, Aerospace and Defense, Agriculture
By Companies
ABB, Siemens, Weg, General Electric, Nidec, Schneider Electric, Rockwell, Crompton Greaves, Bosch Rexroth, Kirloskar Electric, ABB, Havells, Maxon Motor, Brook Crompton, Toshiba
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Energy Saving Motors Market Report Segments:
The global Energy Saving Motors market is segmented on the basis of:
Types
AC Motors, DC Motors
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
Commercial Building, Residential, Automotive, Aerospace and Defense, Agriculture
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
- Siemens
- Weg
- General Electric
- Nidec
- Schneider Electric
- Rockwell
- Crompton Greaves
- Bosch Rexroth
- Kirloskar Electric
- ABB
- Havells
- Maxon Motor
- Brook Crompton
- Toshiba
Highlights of The Energy Saving 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:
- AC Motors
- DC Motors
- By Application:
- Commercial Building
- Residential
- Automotive
- Aerospace and Defense
- Agriculture
- 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 Saving 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.
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?
Energy Saving Motors is a technology that helps reduce energy consumption in motors. It does this by reducing the amount of heat that is produced when the motor operates. This can help to save energy and money on your electric bill.
Some of the key players operating in the energy saving motors market are ABB, Siemens, Weg, General Electric, Nidec, Schneider Electric, Rockwell, Crompton Greaves, Bosch Rexroth, Kirloskar Electric, ABB, Havells, Maxon Motor, Brook Crompton, Toshiba.
The energy saving motors market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Saving Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Saving Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Saving Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Saving Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Saving Motors Market Size & Forecast, 2020-2028
4.5.1 Energy Saving Motors Market Size and Y-o-Y Growth
4.5.2 Energy Saving Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC Motors
5.2.2 DC Motors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Building
6.2.2 Residential
6.2.3 Automotive
6.2.4 Aerospace and Defense
6.2.5 Agriculture
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Saving Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Saving Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC Motors
9.6.2 DC Motors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Building
9.10.2 Residential
9.10.3 Automotive
9.10.4 Aerospace and Defense
9.10.5 Agriculture
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC Motors
10.6.2 DC Motors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Building
10.10.2 Residential
10.10.3 Automotive
10.10.4 Aerospace and Defense
10.10.5 Agriculture
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC Motors
11.6.2 DC Motors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Building
11.10.2 Residential
11.10.3 Automotive
11.10.4 Aerospace and Defense
11.10.5 Agriculture
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC Motors
12.6.2 DC Motors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Building
12.10.2 Residential
12.10.3 Automotive
12.10.4 Aerospace and Defense
12.10.5 Agriculture
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC Motors
13.6.2 DC Motors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Building
13.10.2 Residential
13.10.3 Automotive
13.10.4 Aerospace and Defense
13.10.5 Agriculture
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Saving Motors Market: Competitive Dashboard
14.2 Global Energy Saving Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Weg
14.3.4 General Electric
14.3.5 Nidec
14.3.6 Schneider Electric
14.3.7 Rockwell
14.3.8 Crompton Greaves
14.3.9 Bosch Rexroth
14.3.10 Kirloskar Electric
14.3.11 ABB
14.3.12 Havells
14.3.13 Maxon Motor
14.3.14 Brook Crompton
14.3.15 Toshiba
