Global Energy Efficient Motor Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 40,813.18 Million |
 Market Size (Forecast Year) |
USD 78,200.00 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Energy efficient motor market, By Installation Type (Open Drip Proof Motor, Totally Enclosed Fan Cooled Motor), Efficiency Level (IE4, IE3, IE2, IE1), Motor Type (AC Motors, DC Motors), Application (Heating, Ventilation and Air Conditioning, Pumps, Fans, Compressors, Refrigeration, Material Handling, Material Processing), End-User (Residential, Transportation, Agriculture, Aerospace and Defense, Commercial Buildings, Industrial) - Industry Trends and Forecast to 2030.
Energy Efficient Motor Market Analysis and Size
The global efficient motor market is segmented on the basis of installation type, efficiency level, motor type, application and end-use vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global energy efficient motor market which was USD 40,813.18 million in 2022, would rocket up to USD 78,200 million by 2030, and is expected to undergo a CAGR of 6.16% during the forecast period. This indicates the market value. “Ventilation and Air Conditioning” dominates the application segment of the global energy efficient motor market as ventilation and air conditioning systems typically consume a significant amount of energy in commercial, residential, and industrial buildings. As a result, improving their energy efficiency can lead to substantial energy savings. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Energy Efficient Motor Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021(Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Installation Type (Open Drip Proof Motor and Totally Enclosed Fan Cooled Motor), Efficiency Level (IE4, IE3, IE2, and IE1), Motor Type (AC Motors and DC Motors), Application (Heating, Ventilation and Air Conditioning, Pumps, Fans, Compressors, Refrigeration, Material Handling, and Material Processing), End-User (Residential, Transportation, Agriculture, Aerospace and Defense, Commercial Buildings and Industrial) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa |
|
Market Players Covered |
Bosch Rexroth (Germany), AG Regal (Switzerland), Beloit Corporation (Finland), General Electric (U.S.), Microchip Technology, Inc. (U.S.), Johnson Controls Inc. (U.S.), ABB Ltd. (Switzerland), Crompton Greaves (India), Marathon Electric (U.S.), Schneider Electric SE (France), Honeywell International, Inc. (U.S.) |
|
Market Opportunities |
|
Market Definition
The global energy efficient motor market can be defined as the market for electric motors that are specifically designed and manufactured to operate with higher efficiency compared to conventional motors. These motors are engineered to minimize energy losses and maximize energy conversion, resulting in reduced energy consumption, lower operating costs, and decreased environmental impact.
Energy efficient motors are utilized across various industries and applications, including HVAC systems, industrial machinery, automotive, aerospace, consumer appliances, and more. They are designed to meet or exceed specific energy efficiency standards and regulations set by governments and organizations worldwide.
Global Energy Efficient Motor Market Dynamics
Drivers
- Rising Energy Cost
Increasing energy prices and the need for energy conservation are major drivers of the energy efficient motor market. Energy-efficient motors offer reduced energy consumption, resulting in lower operating costs for industries, commercial buildings, and households.
- Environmental Regulations and Sustainability Initiatives
Governments and regulatory bodies worldwide are implementing stringent energy efficiency standards and regulations to reduce greenhouse gas emissions and combat climate change. Energy-efficient motors help industries and businesses meet these regulatory requirements and contribute to environmental sustainability.
- Cost Savings and Return on Investment
Energy-efficient motors offer significant cost savings over their lifespan. Despite the initial higher upfront costs, the long-term energy savings provided by these motors can result in a favorable return on investment for businesses and consumers.
Opportunities
- Increasing Demand for Energy Efficiency
As energy costs rise and environmental concerns become more prominent, there is a growing demand for energy-efficient solutions across industries. This presents an opportunity for the energy efficient motor market to provide efficient and sustainable motor solutions for various applications.
- Retrofitting and Replacement Market
Many existing motor systems in industries and buildings are outdated and consume excessive energy. The retrofitting and replacement market offers significant opportunities for energy efficient motor manufacturers to provide cost-effective solutions that help upgrade existing systems to improve energy efficiency.
Restraint/Challenge
- High Initial Costs
Energy-efficient motors often have higher upfront costs compared to standard motors. This can pose a challenge for businesses and consumers, especially in price-sensitive markets or for those with limited capital for equipment upgrades.
- Lack of Awareness and Information
Many end-users, particularly in smaller industries or residential settings, may lack awareness and knowledge about the benefits and availability of energy-efficient motors. Limited information and understanding can hinder market growth and adoption.
This global energy efficient motor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market, contact the Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In April 2022, ABB introduced the IE5 SynRM (Synchronous Reluctance Motor) series, which offers high energy efficiency and low maintenance requirements. These motors leverage advanced rotor design and magnet-free technology to achieve exceptional efficiency levels.
- In December 2019, Schneider Electric launched the EcoStruxure Motor Advisor, a cloud-based digital tool that enables users to assess the energy efficiency of their motors, identify potential savings, and optimize motor performance.
Global Energy Efficient Motor Market Scope
The global energy efficient motor market is segmented on the basis of installation type, efficiency level, motor type, application and end-use vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Installation Type
- Open Drip Proof Motor
- Totally Enclosed Fan Cooled Motor
Efficiency Level
- IE4
- IE3
- IE2
- IE1
Motor Type
- AC Motors
- DC Motors
Application
- Heating
- Ventilation and Air Conditioning
- Pumps, Fans
- Compressors
- Refrigeration
- Material Handling and Material Processing
End-User
- Residential
- Transportation
- Agriculture
- Aerospace and Defense
- Commercial Buildings
- Industrial
Global Energy Efficient Motor Market Country Analysis/Insights
The global energy efficient motor market is analyzed and market size insights and trends are provided by country, installation type, efficiency level, motor type, application and end-use vertical, as referenced above.
The regions covered in the global energy efficient motor market are North America, South America, Europe, Asia-Pacific, the Middle East and Africa. The countries covered in the global energy efficient motor market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America is expected to dominate the energy efficient motor market due to the increased concern about the efficient use of energy within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the several measures taken by the Department of Energy (DOE) from various countries in the region.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Energy Efficient Motor Market Share Analysis
The global energy efficient motor market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global energy efficient motor market.
Some of the major players operating in the global energy efficient motor market are:
- Bosch Rexroth (Germany)
- AG Regal (Switzerland)
- Beloit Corporation (Finland)
- General Electric (U.S.)
- Microchip Technology, Inc. (U.S.)
- Johnson Controls Inc. (U.S.)
- ABB Ltd. (Switzerland)
- Crompton Greaves (India)
- Marathon Electric (U.S.)
- Schneider Electric SE (France)
- Honeywell International, Inc. (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
