Summary

Global Energy-Efficient Motor Market is expected to grow at a significant rate of around 7% during the forecast period. An energy-efficient motor is a type of electric motor designed to consume less energy compared to traditional motors while delivering better performance. Energy-efficient motors are typically more efficient in converting electrical energy into mechanical energy, which results in lower electricity consumption, reduced greenhouse gas emissions, and lower operating costs. In recent times, energy-efficient motors witness significant demand attributed to their design which reduces energy consumption by avoiding the overloading and underloading of the motor along with more efficient cooling and better insulation to reduce energy loss. The market is expected to continue to grow as more companies look to reduce their energy costs and improve their environmental performance. Also, Various government regulations and standards have been implemented to promote energy efficiency in industries, which has led to an increase in the demand for energy-efficient motors.

ABB, Siemens AG, Kirloskar Electric Company, Rockwell Automation, Inc., Bosch Rexroth AG, Maxon, WEG, Schneider Electric, Havells India Ltd., and General Electric are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst motor design, DC Motors category to witness significant market growth during the forecast period”
Based on the motor design the market is segmented into AC motors and DC motor segment. The DC motor segment is expected to register significant market growth during the forecast period owing to its higher efficiency and ability to deal efficiently with input energy. Also, DC motors offer higher torque making them suitable for applications that require a lot of power at startup and better speed control which makes them compatible with pumps and fan applications. In addition, the lower noise, simple construction, and wide range of sizes along with the lower noise will propel the demand for DC motors during the forecast period.

“Amongst verticals, the industrial segment holds a significant share in the market in 2021”
Based on the vertical, the market is segmented into commercial, residential, industrial, and agriculture. The industrial segment is expected to witness significant market growth during the forecast period owing to the increasing automation and increasing demand for lower power consumption. Also, energy-efficient motors can also provide better performance in certain applications, such as variable-speed drives and high-temperature environments. Further, energy-efficient motors can reduce greenhouse gas emissions and support environmental sustainability. By reducing energy consumption, industrial companies can lower their carbon footprint and contribute to global efforts to combat climate change.

“Asia-Pacific to hold a significant share in the market.”
In 2021, Asia-Pacific held a significant share of the global energy-efficient motor market. This is mainly due to the increasing energy price and increasing demand for cost-effective energy motors attributed to optimized performance and greater efficiency. Also, many countries in the Asia Pacific region have implemented regulations and policies to encourage the adoption of energy-efficient motors, including labeling programs, minimum energy performance standards, and financial incentives. For example, the Chinese government has implemented regulations that require energy-efficient motors to be used in industrial applications, and in July 2020, India has launched the National Motor Replacement Program to promote the replacement of inefficient motors. Also, the Asia Pacific region is experiencing rapid industrialization and urbanization, resulting in an increased demand for energy. Energy-efficient motors offer a sustainable solution for meeting this demand while reducing energy consumption.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global energy-efficient motor market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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