Summary

The global Energy Efficient Motor market is projected to reach USD 59.3 billion by 2028 from an estimated USD 41.7 billion in 2023, at a CAGR of 7.3% during the forecast period. The IE3 segment market is anticipated to grow from an estimated USD 29.7 billion in 2023 to USD 41.9 billion in 2028, at a CAGR of 7.1% during the forecast period. Rotor losses in IE3 motors are reduced considerably by using copper as the conductor material in the squirrel cage rather than aluminum, which leads to the reduction of the slip under load conditions. The reduction in air gaps and thinner laminations made of better-quality steel ensure higher efficiency than traditional motors. These technological modifications in the IE3 efficiency level motors is pushing the market.
“Aerospace & Defense: The second fastest-growing segment of the energy efficient motor market, by end user“
The end user segment is categorized as industrial, commercial, residential, automotive, agriculture, and aerospace. energy-efficient motors are used in aircraft propulsion, navigation systems, and environmental control systems. Advantages in these applications include improved fuel efficiency, reduced emissions, and increased system reliability which is pushing the market.
“ North America is expected to account for the second-largest market size during the forecast period.”
North America is expected to be the second largest and fastest-growing market. The use of energy-efficient motors in the region is increasing rapidly due to growing investments in major verticals such as industrial, commercial, and transportation. Countries in North America have been focusing on energy efficiency through programs, partnerships, and initiatives. For instance, the Industrial Efficiency and Decarbonization Office (IEDO) aims to improve the energy and material efficiency, productivity, and competitiveness of manufacturers across the industrial sector.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
By Region: Europe- 20%, Asia Pacific- 33%, North America- 27%, the Middle East & Africa- 12%, and South America- 8%
Note: Others includes product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2017. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The energy efficient motor market is dominated by a few major players that have a wide regional presence. The leading players in the energy efficient motor market are ABB (Switzerland), Siemens (Germany), Regal Rexnord Corporation (US), Wolong Electric Group Co., Ltd (China), Nidec Corporation (Japan).
Research Coverage:
The report defines, describes, and forecasts the global energy efficient motor market, by product type, by stage type, by power rating, by pumping capacity, end-user industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the energy efficient motor market.
Key Benefits of Buying the Report
1. The report identifies and addresses the key markets for energy efficient motor, which would help equipment manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

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Table of Contents

1 INTRODUCTION 22 1.1 STUDY OBJECTIVES 22 1.2 MARKET DEFINITION 22 1.3 INCLUSIONS AND EXCLUSIONS 23 1.3.1 ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL 23 1.3.2 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING 23 1.3.3 ENERGY EFFICIENT MOTOR MARKET, BY INSTALLATION TYPE 23 1.3.4 ENERGY EFFICIENT MOTOR MARKET, BY TYPE 24 1.3.5 ENERGY EFFICIENT MOTOR MARKET, BY END USER 24 1.3.6 ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION 24 1.4 MARKET SCOPE 25 1.4.1 MARKETS COVERED 25 1.4.2 REGIONAL SCOPE 25 1.4.3 YEARS CONSIDERED 26 1.5 CURRENCY CONSIDERED 26 1.6 LIMITATIONS 26 1.7 STAKEHOLDERS 27 1.8 SUMMARY OF CHANGES 27 2 RESEARCH METHODOLOGY 28 2.1 RESEARCH DATA 28 FIGURE 1 ENERGY EFFICIENT MOTOR MARKET: RESEARCH DESIGN 29 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 30 FIGURE 2 DATA TRIANGULATION METHODOLOGY 30 2.2.1 SECONDARY DATA 31 2.2.1.1 Key data from secondary sources 31 2.2.2 PRIMARY DATA 32 2.2.2.1 Key data from primary sources 32 2.2.2.2 Breakdown of primaries 33 2.3 STUDY SCOPE 34 FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR ENERGY-EFFICIENT MOTORS 34 2.4 MARKET SIZE ESTIMATION 35 2.4.1 BOTTOM-UP APPROACH 35 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 35 2.4.2 TOP-DOWN APPROACH 36 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 36 2.4.3 DEMAND-SIDE ANALYSIS 37 2.4.3.1 Regional analysis 37 2.4.3.2 Country-level analysis 38 2.4.3.3 Assumptions for demand-side analysis 38 2.4.3.4 Calculations for demand-side analysis 38 2.4.4 SUPPLY-SIDE ANALYSIS 39 FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF ENERGY-EFFICIENT MOTORS 39 FIGURE 7 ENERGY EFFICIENT MOTOR MARKET: SUPPLY-SIDE ANALYSIS 39 2.4.4.1 Calculations for supply-side analysis 40 2.4.4.2 Assumptions for supply-side analysis 40 FIGURE 8 COMPANY REVENUE ANALYSIS, 2021 40 2.4.5 FORECAST 40 2.5 RISK ASSESSMENT 41 2.6 RECESSION IMPACT 41 3 EXECUTIVE SUMMARY 42 TABLE 1 SNAPSHOT OF ENERGY EFFICIENT MOTOR MARKET 42 FIGURE 9 AC MOTORS SEGMENT TO HOLD LARGER SHARE OF ENERGY EFFICIENT MOTOR MARKET DURING FORECAST PERIOD 43 FIGURE 10 < 1 KW SEGMENT TO ACCOUNT FOR LARGEST SIZE OF ENERGY EFFICIENT MOTOR MARKET DURING FORECAST PERIOD 44 FIGURE 11 IE3 SEGMENT TO HOLD LARGEST SIZE OF ENERGY EFFICIENT MOTOR MARKET DURING FORECAST PERIOD 44 FIGURE 12 PUMPS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF ENERGY EFFICIENT MOTOR MARKET DURING FORECAST PERIOD 45 FIGURE 13 INDUSTRIAL SEGMENT TO LEAD ENERGY EFFICIENT MOTOR MARKET DURING FORECAST PERIOD 45 FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF ENERGY EFFICIENT MOTOR MARKET IN 2022 46 4 PREMIUM INSIGHTS 47 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENERGY EFFICIENT MOTOR MARKET 47 FIGURE 15 GROWING ADOPTION OF ENERGY-EFFICIENT SOLUTIONS AND GOVERNMENT MANDATES TO FAVOR MARKET GROWTH 47 4.2 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY END USER AND COUNTRY 48 FIGURE 16 INDUSTRIAL SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC ENERGY EFFICIENT MOTOR MARKET IN 2022 48 4.3 ENERGY EFFICIENT MOTOR MARKET, BY TYPE 48 FIGURE 17 AC MOTORS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2028 48 4.4 ENERGY EFFICIENT MOTOR MARKET, BY END USER 49 FIGURE 18 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 49 4.5 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING 49 FIGURE 19 < 1 KW SEGMENT TO LEAD ENERGY EFFICIENT MOTOR MARKET IN 2028 49 4.6 ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL 50 FIGURE 20 IE3 SEGMENT TO HOLD LARGEST SHARE OF ENERGY EFFICIENT MOTOR MARKET IN 2028 50 4.7 ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION 50 FIGURE 21 PUMPS SEGMENT TO CAPTURE LARGEST SHARE OF ENERGY EFFICIENT MOTOR MARKET IN 2028 50 5 MARKET OVERVIEW 51 5.1 INTRODUCTION 51 5.2 MARKET DYNAMICS 51 FIGURE 22 ENERGY EFFICIENT MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51 5.2.1 DRIVERS 52 5.2.1.1 Lower life cycle costs than traditional motors 52 FIGURE 23 ELECTRIC MOTOR LIFE CYCLE COSTS 52 5.2.1.2 Government initiatives encouraging adoption of energy-efficient motors 53 TABLE 2 FUNDING SCHEMES AND PROJECTS FOR ENERGY-EFFICIENT MOTORS IN DIFFERENT COUNTRIES 53 5.2.1.3 Increasing adoption of energy-efficient motors in industrial sector 54 FIGURE 24 PERCENTAGE SHARE OF ELECTRICITY CONSUMPTION OF MOTOR SYSTEMS, BY INDUSTRY SUBSECTOR, 2020 54 5.2.2 RESTRAINTS 55 5.2.2.1 High price of energy-efficient motors 55 5.2.3 OPPORTUNITIES 55 5.2.3.1 Rising industrialization and decarbonization initiatives 55 TABLE 3 WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS ABOUT ANNUAL PERCENTAGE CHANGE IN REAL GDP, 2022–2024 56 5.2.3.2 Growth of robotics and automation 56 FIGURE 25 GLOBAL OPERATIONAL STOCK OF INDUSTRIAL ROBOTS, 2010–2020 57 5.2.4 CHALLENGES 57 5.2.4.1 Limited awareness about benefits of energy-efficient motors 57 5.2.4.2 Supply chain disruptions 58 FIGURE 26 GLOBAL NOMINAL PRICES FOR ALUMINIUM AND COPPER (USD/MT), 2020–2023 58 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 59 5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR ENERGY-EFFICIENT MOTOR MANUFACTURERS 59 FIGURE 27 REVENUE SHIFTS FOR ENERGY-EFFICIENT MOTOR MANUFACTURERS 59 5.4 MARKET MAP 59 TABLE 4 ENERGY EFFICIENT MOTOR MARKET: ECOSYSTEM ANALYSIS 59 FIGURE 28 MARKET MAP/ECOSYSTEM ANALYSIS 60 5.5 VALUE CHAIN ANALYSIS 61 FIGURE 29 ENERGY EFFICIENT MOTOR MARKET: VALUE CHAIN ANALYSIS 61 5.5.1 RAW MATERIAL/COMPONENT PROVIDERS 61 5.5.2 MANUFACTURERS 61 5.5.3 DISTRIBUTORS AND AFTER-SALES SERVICE PROVIDERS 61 5.5.4 END USERS 62 5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS 62 FIGURE 30 AVERAGE SELLING PRICE OF ENERGY-EFFICIENT MOTORS OFFERED KEY PLAYERS, BY POWER OUTPUT RATING, 2021 62 TABLE 5 AVERAGE SELLING PRICE OF ENERGY-EFFICIENT MOTORS OFFERED BY KEY PLAYERS, BY POWER OUTPUT RATING, 2021 (USD) 62 TABLE 6 PRICING ANALYSIS, BY REGION, 2021 AND 2028 (USD) 63 FIGURE 31 PRICING ANALYSIS, BY REGION, 2021 AND 2028 (USD) 63 5.7 TECHNOLOGY ANALYSIS 63 5.7.1 TECHNOLOGY TRENDS RELATED TO ELECTRIC MOTORS 63 TABLE 7 ENERGY EFFICIENCY METHOD IMPROVEMENTS IN MOTORS 64 5.8 TARIFF, CODES, AND REGULATIONS 64 5.8.1 TARIFF RELATED TO ENERGY-EFFICIENT MOTORS 64 5.8.2 CODES AND REGULATIONS RELATED TO ENERGY EFFICIENT MOTOR MARKET 65 TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65 TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66 TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66 TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67 TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67 5.8.3 CODES AND REGULATIONS RELATED TO ENERGY-EFFICIENT MOTORS 68 TABLE 13 NORTH AMERICA: CODES AND REGULATIONS 68 TABLE 14 ASIA PACIFIC: CODES AND REGULATIONS 68 TABLE 15 EUROPE: CODES AND REGULATIONS 69 TABLE 16 GLOBAL: CODES AND REGULATIONS 69 5.9 PATENT ANALYSIS 69 TABLE 17 ENERGY EFFICIENT MOTOR MARKET: INNOVATION AND PATENT REGISTRATION 69 5.10 TRADE ANALYSIS 71 5.10.1 EXPORT SCENARIO 71 TABLE 18 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2019–2021 (USD THOUSAND) 71 5.10.2 IMPORT SCENARIO 71 TABLE 19 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2019–2021 (USD THOUSAND) 72 5.11 KEY CONFERENCES AND EVENTS, 2023–2024 72 TABLE 20 ENERGY EFFICIENT MOTOR MARKET: LIST OF CONFERENCES AND EVENTS 72 5.12 CASE STUDY ANALYSIS 75 5.12.1 ORQUIDEA IMPROVED FOOD PRODUCTION EFFICIENCY WITH BONUS MOTOR PROGRAM 75 5.12.2 EMORY UNIVERSITY UPGRADED MOTORS TO CUT DOWN HVAC ENERGY COSTS 75 5.13 PORTER’S FIVE FORCES ANALYSIS 76 TABLE 21 ENERGY EFFICIENT MOTOR MARKET: PORTER’S FIVE FORCES ANALYSIS 76 FIGURE 32 ENERGY EFFICIENT MOTOR MARKET: PORTER’S FIVE FORCES ANALYSIS 76 5.13.1 THREAT OF SUBSTITUTES 77 5.13.2 BARGAINING POWER OF SUPPLIERS 77 5.13.3 BARGAINING POWER OF BUYERS 77 5.13.4 THREAT OF NEW ENTRANTS 77 5.13.5 INTENSITY OF COMPETITIVE RIVALRY 78 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 78 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 78 FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 78 TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 78 5.14.2 BUYING CRITERIA 79 FIGURE 34 KEY BUYING CRITERIA FOR END USERS 79 TABLE 23 KEY BUYING CRITERIA, BY END USER 79 6 ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL 80 6.1 INTRODUCTION 81 FIGURE 35 ENERGY EFFICIENT MOTOR MARKET SHARE, BY EFFICIENCY LEVEL, 2022 81 TABLE 24 ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 82 6.2 IE1 82 6.2.1 IDEAL FOR APPLICATIONS THAT DO NOT REQUIRE HIGH ENERGY EFFICIENCY 82 TABLE 25 IE1: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 82 6.3 IE2 83 6.3.1 REDUCE ENERGY CONSUMPTION IN EQUIPMENT 83 TABLE 26 IE2: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 83 6.4 IE3 83 6.4.1 USED IN HIGH POWER APPLICATIONS 83 TABLE 27 IE3: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 83 6.5 IE4 84 6.5.1 UPGRADE TO IE4 FACILITATES ADDITIONAL ENERGY SAVINGS 84 TABLE 28 IE4: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 84 6.6 IE5 84 6.6.1 IE5 MOTORS OFFER HIGHEST LEVEL OF EFFICIENCY 84 TABLE 29 IE5: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 84 7 ENERGY EFFICIENT MOTOR MARKET, BY INSTALLATION TYPE 85 7.1 INTRODUCTION 86 7.2 OPEN DRIP PROOF (ODP) MOTOR 86 7.2.1 SUITABLE FOR USE IN RELATIVELY CLEAN AND DRY ENVIRONMENTS 86 7.3 TOTALLY ENCLOSED FAN – COOLED (TEFC) MOTOR 86 7.3.1 IDEAL FOR USAGE IN HARSH ENVIRONMENTS 86 8 ENERGY EFFICIENT MOTOR MARKET, BY TYPE 87 8.1 INTRODUCTION 88 FIGURE 36 ENERGY EFFICIENT MOTOR MARKET SHARE, BY TYPE, 2022 88 TABLE 30 ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 88 8.2 AC MOTORS 89 8.2.1 LESS MAINTENANCE REQUIREMENTS AND EFFICIENT PERFORMANCE TO PROPEL ADOPTION OF AC MOTORS 89 TABLE 31 AC MOTORS: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 89 8.3 DC MOTORS 89 8.3.1 PRECISE SPEED CONTROL AND PERFORMANCE EXPECTED TO DRIVE MARKET 89 TABLE 32 DC MOTORS: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 90 9 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING 91 9.1 INTRODUCTION 92 FIGURE 37 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2022 92 TABLE 33 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 92 9.2 <1 KW 93 9.2.1 IDEAL FOR RESIDENTIAL AND COMMERCIAL APPLICATIONS 93 TABLE 34 <1 KW: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 93 9.3 1–2.2 KW 93 9.3.1 VERSATILE AND OFFER RELIABILITY IN OPERATIONS 93 TABLE 35 1–2.2 KW: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 93 9.4 2.2–375 KW 94 9.4.1 CAPABLE OF HANDLING HIGHER LOADS AND SUITABLE FOR HEAVY-DUTY APPLICATIONS 94 TABLE 36 2.2–375 KW: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 94 9.5 >375 KW 94 9.5.1 IDEAL FOR CRITICAL APPLICATIONS 94 TABLE 37 >375 KW: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 94 10 ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION 95 10.1 INTRODUCTION 96 FIGURE 38 ENERGY EFFICIENT MOTOR MARKET SHARE, 2022 96 TABLE 38 ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 96 10.2 HVAC 97 10.2.1 GROWING FOCUS ON REDUCING POWER LOSS IN HVAC SYSTEMS TO PROPEL ADOPTION OF ENERGY-EFFICIENT MOTORS 97 TABLE 39 HVAC: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 97 10.3 PUMPS 97 10.3.1 GROWING DEMAND FOR ENERGY-EFFICIENT MOTORS FROM AGRICULTURE AND INDUSTRIAL SECTORS TO ACCELERATE MARKET GROWTH 97 TABLE 40 PUMPS: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 98 10.4 FANS 98 10.4.1 GROWING ADOPTION OF ENERGY-EFFICIENT MOTOR-BASED FANS IN DEVICES TO AUGMENT MARKET GROWTH 98 TABLE 41 FANS: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 98 10.5 COMPRESSORS 99 10.5.1 RISING ENERGY EFFICIENCY REQUIREMENTS IN INDUSTRIES TO PROPEL ADOPTION OF ENERGY-EFFICIENT MOTORS IN COMPRESSORS 99 TABLE 42 COMPRESSORS: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 99 10.6 REFRIGERATION 99 10.6.1 DEVELOPMENT OF COLD CHAINS TO GENERATE DEMAND FOR ENERGY-EFFICIENT MOTORS 99 TABLE 43 REFRIGERATION: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 100 10.7 MATERIAL HANDLING 100 10.7.1 RISING ADOPTION OF MOBILE ROBOTS IN INDUSTRIES TO PROPEL SEGMENTAL LANDSCAPE 100 TABLE 44 MATERIAL HANDLING: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 100 10.8 MATERIAL PROCESSING 101 10.8.1 INCREASING REPLACEMENT OF OBSOLETE INFRASTRUCTURE IN INDUSTRIES TO TRIGGER DEMAND FOR ENERGY-EFFICIENT MOTORS 101 TABLE 45 MATERIAL PROCESSING: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 101 11 ENERGY EFFICIENT MOTOR MARKET, BY END USER 102 11.1 INTRODUCTION 103 FIGURE 39 ENERGY EFFICIENT MOTOR MARKET SHARE, BY END USER, 2022 103 TABLE 46 ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 103 11.2 INDUSTRIAL 104 11.2.1 NEED TO IMPROVE ENERGY EFFICIENCY, LOWER OPERATING COSTS, AND REDUCE DOWNTIME TO DRIVE ADOPTION OF ENERGY-EFFICIENT MOTORS 104 TABLE 47 INDUSTRIAL: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 104 11.3 COMMERCIAL 104 11.3.1 NEED TO REDUCE MAINTENANCE COSTS TO ACCELERATE ADOPTION OF ENERGY-EFFICIENT MOTORS 104 TABLE 48 COMMERCIAL: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 104 11.4 RESIDENTIAL 105 11.4.1 FOCUS ON REDUCING ENERGY CONSUMPTION AND UTILITY BILLS TO BOOST UPTAKE OF ENERGY-EFFICIENT MOTORS 105 TABLE 49 RESIDENTIAL: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 105 11.5 AUTOMOTIVE 105 11.5.1 GROWING ADOPTION OF ELECTRIC VEHICLES TO GENERATE DEMAND FOR ENERGY-EFFICIENT MOTORS 105 TABLE 50 AUTOMOTIVE: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 105 11.6 AGRICULTURE 106 11.6.1 INCREASING EMPHASIS ON REDUCING OPERATING COSTS IN FARMING TO BOOST CONSUMPTION OF ENERGY-EFFICIENT MOTORS 106 TABLE 51 AGRICULTURE: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 106 11.7 AEROSPACE & DEFENSE 106 11.7.1 NEED TO IMPROVE FUEL EFFICIENCY, REDUCE EMISSIONS, AND INCREASE SYSTEM RELIABILITY TO DRIVE DEMAND FOR ENERGY-EFFICIENT MOTORS 106 TABLE 52 AEROSPACE & DEFENSE: ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 106 12 ENERGY EFFICIENT MOTOR MARKET, BY REGION 107 12.1 INTRODUCTION 108 FIGURE 40 ASIA PACIFIC ENERGY EFFICIENT MOTOR MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 108 FIGURE 41 ENERGY EFFICIENT MOTOR MARKET SHARE, BY REGION, 2022 (%) 109 TABLE 53 ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (USD MILLION) 109 TABLE 54 ENERGY EFFICIENT MOTOR MARKET, BY REGION, 2021–2028 (MILLION UNITS) 109 12.2 ASIA PACIFIC 110 FIGURE 42 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET SNAPSHOT 111 12.2.1 ASIA PACIFIC: RECESSION IMPACT 111 12.2.2 BY EFFICIENCY LEVEL 112 TABLE 55 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 112 12.2.3 BY TYPE 112 TABLE 56 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 112 12.2.4 BY POWER OUTPUT RATING 112 TABLE 57 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 112 12.2.5 BY END USER 113 TABLE 58 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 113 12.2.6 BY APPLICATION 113 TABLE 59 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 113 12.2.7 BY COUNTRY 114 TABLE 60 ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 114 12.2.7.1 China 114 12.2.7.1.1 Government policies to promote energy efficiency and environmental concerns to drive market 114 TABLE 61 CHINA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 115 12.2.7.2 Australia 115 12.2.7.2.1 National Energy Productivity Plan to support market growth 115 TABLE 62 AUSTRALIA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 115 12.2.7.3 Japan 116 12.2.7.3.1 Rising focus on carbon neutrality to push market growth 116 TABLE 63 JAPAN: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 116 12.2.7.4 India 116 12.2.7.4.1 Ongoing industrialization to induce demand for energy-efficient motors 116 TABLE 64 INDIA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 117 12.2.7.5 South Korea 117 12.2.7.5.1 Strategic energy efficiency policies introduced by government to drive market 117 TABLE 65 SOUTH KOREA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 117 12.2.7.6 Rest of Asia Pacific 118 TABLE 66 REST OF ASIA PACIFIC: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 118 12.3 NORTH AMERICA 118 12.3.1 NORTH AMERICA: RECESSION IMPACT 119 FIGURE 43 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET SNAPSHOT 119 12.3.2 BY EFFICIENCY LEVEL 120 TABLE 67 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 120 12.3.3 BY TYPE 120 TABLE 68 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 120 12.3.4 BY POWER OUTPUT RATING 120 TABLE 69 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 120 12.3.5 BY END USER 121 TABLE 70 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 121 12.3.6 BY APPLICATION 121 TABLE 71 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 121 12.3.7 BY COUNTRY 122 TABLE 72 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 122 12.3.7.1 US 122 12.3.7.1.1 Energy efficiency standards and regulation across sectors to boost market 122 TABLE 73 US: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 122 12.3.7.2 Canada 123 12.3.7.2.1 Stringent energy efficiency regulations and growing automotive sector to fuel market growth 123 TABLE 74 CANADA: ENERGY EFFICIENT MOTOR MARKET, BY END USER 2021–2028 (USD MILLION) 123 12.3.7.3 Mexico 123 12.3.7.3.1 Energy efficiency programs under NAMA to accelerate market growth 123 TABLE 75 MEXICO: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 124 12.4 EUROPE 124 FIGURE 44 EUROPE: ENERGY EFFICIENT MOTOR MARKET SNAPSHOT 125 12.4.1 EUROPE: RECESSION IMPACT 125 12.4.2 BY EFFICIENCY LEVEL 126 TABLE 76 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 126 12.4.3 BY POWER OUTPUT RATING 126 TABLE 77 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 126 12.4.4 BY TYPE 126 TABLE 78 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 126 12.4.5 BY APPLICATION 127 TABLE 79 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 127 12.4.6 BY END USER 127 TABLE 80 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 127 12.4.7 BY COUNTRY 128 TABLE 81 EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 128 12.4.7.1 UK 128 12.4.7.1.1 Expanding aerospace & defense industry to drive market 128 TABLE 82 UK: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 129 12.4.7.2 Germany 129 12.4.7.2.1 Flourishing industrial sector and emission reduction targets to bolster adoption of energy-efficient motors 129 TABLE 83 GERMANY: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 129 12.4.7.3 France 130 12.4.7.3.1 Decarbonization policies to propel adoption of energy-efficient motors 130 TABLE 84 FRANCE: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 130 12.4.7.4 Italy 130 12.4.7.4.1 Rising electric vehicle adoption to create demand for energy-efficient motors 130 TABLE 85 ITALY: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 131 12.4.7.5 Spain 131 12.4.7.5.1 Growing energy efficiency targets to propel market 131 TABLE 86 SPAIN: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 132 12.4.7.6 Poland 132 12.4.7.6.1 Growing investments in industrial sector to create demand for energy-efficient motors 132 TABLE 87 POLAND: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 132 12.4.7.7 Rest of Europe 133 TABLE 88 REST OF EUROPE: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 133 12.5 MIDDLE EAST & AFRICA 134 12.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 134 12.5.2 BY EFFICIENCY LEVEL 134 TABLE 89 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 134 12.5.3 BY TYPE 135 TABLE 90 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 135 12.5.4 BY POWER OUTPUT RATING 135 TABLE 91 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 135 12.5.5 BY END USER 135 TABLE 92 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 135 12.5.6 BY APPLICATION 136 TABLE 93 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 136 12.5.7 BY COUNTRY 136 TABLE 94 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 136 12.5.7.1 Saudi Arabia 137 12.5.7.1.1 Government energy efficiency programs to augment market growth 137 TABLE 95 SAUDI ARABIA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 137 12.5.7.2 UAE 137 12.5.7.2.1 Increasing energy consumption and need to achieve net-zero targets to foster market growth 137 TABLE 96 UAE: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 138 12.5.7.3 Turkey 138 12.5.7.3.1 Growing initiatives to improve energy efficiency in various sectors to bolster market growth 138 TABLE 97 TURKEY: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 138 12.5.7.4 South Africa 139 12.5.7.4.1 Supportive energy efficiency regulations to favor market expansion 139 TABLE 98 SOUTH AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 139 12.5.7.5 Egypt 139 12.5.7.5.1 Government initiatives to improve industrial energy efficiency to fuel market growth 139 TABLE 99 EGYPT: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 140 12.5.7.6 Qatar 140 12.5.7.6.1 Energy efficiency and conservation programs to encourage market growth 140 TABLE 100 QATAR: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 140 12.5.7.7 Israel 141 12.5.7.7.1 Energy efficiency labeling mandates and net-zero targets in various sectors to induce demand for energy-efficient motors 141 TABLE 101 ISRAEL: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 141 12.5.7.8 Rest of Middle East & Africa 141 TABLE 102 REST OF MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 141 12.6 SOUTH AMERICA 142 12.6.1 SOUTH AMERICA: RECESSION IMPACT 142 12.6.2 BY EFFICIENCY LEVEL 142 TABLE 103 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION) 142 12.6.3 BY POWER OUTPUT RATING 143 TABLE 104 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION) 143 12.6.4 BY TYPE 143 TABLE 105 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY TYPE, 2021–2028 (USD MILLION) 143 12.6.5 BY APPLICATION 143 TABLE 106 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 143 12.6.6 BY END USER 144 TABLE 107 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 144 12.6.7 BY COUNTRY 144 TABLE 108 SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 144 12.6.7.1 Brazil 144 12.6.7.1.1 Growing aerospace & defense industry to drive market 144 TABLE 109 BRAZIL: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 145 12.6.7.2 Argentina 145 12.6.7.2.1 Rising production of electronic equipment to propel market landscape 145 TABLE 110 ARGENTINA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 146 12.6.7.3 Chile 146 12.6.7.3.1 Flourishing industrial sector to accelerate market growth 146 TABLE 111 CHILE: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 147 12.6.7.4 Rest of South America 147 TABLE 112 REST OF SOUTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY END USER, 2021–2028 (USD MILLION) 147 13 COMPETITIVE LANDSCAPE 148 13.1 KEY PLAYER STRATEGIES 148 TABLE 113 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF ENERGY-EFFICIENT MOTORS 148 13.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021 149 FIGURE 45 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN ENERGY EFFICIENT MOTOR MARKET, 2021 149 TABLE 114 ENERGY EFFICIENT MOTOR MARKET: DEGREE OF COMPETITION 149 13.3 ENERGY EFFICIENT MOTOR MARKET SHARE ANALYSIS, 2021 150 FIGURE 46 ENERGY EFFICIENT MOTOR MARKET SHARE ANALYSIS, 2021 150 13.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 151 FIGURE 47 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN ENERGY EFFICIENT MOTOR MARKET FROM 2017 TO 2021 151 13.5 COMPANY EVALUATION QUADRANT 152 13.5.1 STARS 152 13.5.2 PERVASIVE PLAYERS 152 13.5.3 EMERGING LEADERS 152 13.5.4 PARTICIPANTS 152 FIGURE 48 ENERGY EFFICIENT MOTOR MARKET (GLOBAL): KEY COMPANY EVALUATION QUADRANT, 2021 153 13.6 START-UPS/SMES EVALUATION QUADRANT 153 13.6.1 PROGRESSIVE COMPANIES 153 13.6.2 RESPONSIVE COMPANIES 154 13.6.3 DYNAMIC COMPANIES 154 13.6.4 STARTING BLOCKS 154 FIGURE 49 ENERGY EFFICIENT MOTOR MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021 154 13.7 COMPETITIVE BENCHMARKING 155 TABLE 115 ENERGY EFFICIENT MOTOR MARKET: DETAILED LIST OF KEY START-UPS/SMES 155 TABLE 116 ENERGY EFFICIENT MOTOR MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 155 13.8 ENERGY EFFICIENT MOTOR MARKET: COMPANY FOOTPRINT 157 TABLE 117 POWER OUTPUT RATING: COMPANY FOOTPRINT 157 TABLE 118 EFFICIENCY LEVEL: COMPANY FOOTPRINT 158 TABLE 119 APPLICATION: COMPANY FOOTPRINT 159 TABLE 120 REGION: COMPANY FOOTPRINT 160 TABLE 121 COMPANY FOOTPRINT 161 13.9 COMPETITIVE SCENARIOS AND TRENDS 162 TABLE 122 ENERGY EFFICIENT MOTOR MARKET: PRODUCT LAUNCHES, NOVEMBER 2020–MAY 2022 162 TABLE 123 ENERGY EFFICIENT MOTOR MARKET: DEALS, JULY 2019–OCTOBER 2022 162 TABLE 124 ENERGY EFFICIENT MOTOR MARKET: OTHERS, JULY 2021–FEBRUARY 2022 163 14 COMPANY PROFILES 164 14.1 KEY PLAYERS 164 (Business Overview, Products/Solutions offered, Recent Developments, MnM View)* 14.1.1 ABB 164 TABLE 125 ABB: COMPANY OVERVIEW 164 FIGURE 50 ABB: COMPANY SNAPSHOT 165 TABLE 126 ABB: PRODUCTS/SOLUTIONS OFFERED 165 TABLE 127 ABB: PRODUCT LAUNCHES 166 TABLE 128 ABB: DEALS 167 TABLE 129 ABB: OTHERS 167   14.1.2 SIEMENS 169 TABLE 130 SIEMENS: COMPANY OVERVIEW 169 FIGURE 51 SIEMENS: COMPANY SNAPSHOT 170 TABLE 131 SIEMENS: PRODUCTS/SOLUTIONS OFFERED 170 TABLE 132 SIEMENS: PRODUCT LAUNCHES 171 TABLE 133 SIEMENS: DEALS 171 TABLE 134 SIEMENS: OTHERS 172 14.1.3 WEG 173 TABLE 135 WEG: COMPANY OVERVIEW 173 FIGURE 52 WEG: COMPANY SNAPSHOT 174 TABLE 136 WEG: PRODUCTS/SOLUTIONS OFFERED 174 TABLE 137 WEG: PRODUCT LAUNCHES 175 TABLE 138 WEG: DEALS 175 TABLE 139 WEG: OTHERS 176 14.1.4 WOLONG ELECTRIC GROUP CO., LTD 177 TABLE 140 WOLONG ELECTRIC GROUP CO., LTD: COMPANY OVERVIEW 177 TABLE 141 WOLONG ELECTRIC GROUP CO., LTD: PRODUCTS/SOLUTIONS OFFERED 177 TABLE 142 WOLONG ELECTRIC GROUP CO., LTD: OTHERS 179 14.1.5 NIDEC CORPORATION 180 TABLE 143 NIDEC CORPORATION: COMPANY OVERVIEW 180 FIGURE 53 NIDEC CORPORATION: COMPANY SNAPSHOT 181 TABLE 144 NIDEC CORPORATION: PRODUCTS/SOLUTIONS OFFERED 181 TABLE 145 NIDEC CORPORATION: PRODUCT LAUNCHES 182 TABLE 146 NIDEC CORPORATION: OTHERS 182 14.1.6 ROCKWELL AUTOMATION 184 TABLE 147 ROCKWELL AUTOMATION: COMPANY OVERVIEW 184 FIGURE 54 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 185 TABLE 148 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS OFFERED 185 14.1.7 CG POWER AND INDUSTRIAL SOLUTIONS LTD. 186 TABLE 149 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW 186 FIGURE 55 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT 187 TABLE 150 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS OFFERED 187 14.1.8 REGAL REXNORD CORPORATION 188 TABLE 151 REGAL REXNORD CORPORATION: COMPANY OVERVIEW 188 FIGURE 56 REGAL REXNORD CORPORATION: COMPANY SNAPSHOT 189 TABLE 152 REGAL REXNORD CORPORATION: PRODUCTS/SOLUTIONS OFFERED 189 14.1.9 TOSHIBA CORPORATION 191 TABLE 153 TOSHIBA CORPORATION: COMPANY OVERVIEW 191 FIGURE 57 TOSHIBA CORPORATION: COMPANY SNAPSHOT 192 TABLE 154 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS OFFERED 192   14.1.10 BHARAT BIJLEE 193 TABLE 155 BHARAT BIJLEE: BUSINESS OVERVIEW 193 FIGURE 58 BHARAT BIJLEE: COMPANY SNAPSHOT, 2021 194 TABLE 156 BHARAT BIJILEE: PRODUCTS/SOLUTIONS OFFERED 194 TABLE 157 BHARAT BIJILEE: PRODUCT LAUNCHES 195 TABLE 158 BHARAT BIJILEE: OTHERS 195 14.1.11 KIRLOSKAR ELECTRIC 196 TABLE 159 KIRLOSKAR ELECTRIC: COMPANY OVERVIEW 196 FIGURE 59 KIRLOSKAR ELECTRIC: COMPANY SNAPSHOT 196 TABLE 160 KIRLOSKAR ELECTRIC: PRODUCTS/SOLUTIONS OFFERED 197 14.1.12 HOYER MOTORS 198 TABLE 161 HOYER MOTORS: COMPANY OVERVIEW 198 TABLE 162 HOYER MOTORS: PRODUCTS/SOLUTIONS OFFERED 198 14.1.13 OME MOTORS 200 TABLE 163 OME MOTORS: COMPANY OVERVIEW 200 TABLE 164 OME MOTORS: PRODUCTS/SOLUTIONS OFFERED 200 14.1.14 EC FANS AND DRIVES 201 TABLE 165 EC FANS AND DRIVES: COMPANY OVERVIEW 201 TABLE 166 EC FANS AND DRIVES: PRODUCTS/SOLUTIONS OFFERED 201 14.1.15 INTEGRATED ELECTRIC CO., PVT. LTD. 202 TABLE 167 INTEGRATED ELECTRIC CO., PVT. LTD.: COMPANY OVERVIEW 202 TABLE 168 INTEGRATED ELECTRIC CO., PVT. LTD.: PRODUCTS/SOLUTIONS OFFERED 202 14.1.16 HAVELLS 203 14.1.17 MITSUBISHI ELECTRIC 203 14.1.18 ELEKTRIM MOTORS 204 14.1.19 SHANGHAI TOP MOTOR CO., LTD. 205 14.1.20 MENZEL ELEKTROMOTOREN GMBH 205 *Details on Business Overview, Products/Solutions offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 14.2 OTHER PLAYERS 206 15 APPENDIX 207 15.1 INSIGHTS FROM INDUSTRY EXPERTS 207 15.2 DISCUSSION GUIDE 207 15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 211 15.4 CUSTOMIZATION OPTIONS 213 15.5 RELATED REPORTS 213 15.6 AUTHOR DETAILS 214