Which Will Be The Dominant Region In Energy Efficient Motor Market In Terms Of Revenue?

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The Energy Efficient Motor Market size is projected to be worth USD US$ Bn 62.1 by 2030, registering a CAGR of 6.2% during the forecast period (2022–2030).

Energy Efficient Motor Market Analysis:

The Energy Efficient Motor Market size is projected to be worth USD US$ Bn 62.1 by 2030, registering a CAGR of 6.2% during the forecast period (2022–2030).

The growing need to reduce greenhouse gas emissions is driving the demand for energy-efficient solutions, which will propel the energy efficient motor market forward. Companies are choosing eco-friendly solutions for their technologies and processes as knowledge about energy conservation grows.

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Energy Efficient Motor Market Segmentation

By Application

  • HVAC: The segment holds the largest market share in the global energy efficient motor market. The use of various technologies to control the temperature, humidity, and purity of air in an enclosed environment is known as heating, ventilation, and air conditioning (HVAC).
  • Fans: The segment is expected to grow with the highest CAGR by the forecast period. A fan is a powered machine used to create a flow of air.To reduce power consumption, energy-efficient fans or power-saving ceiling fans employ a minimum of electrical technology. They are 5-star rated by the Indian agency and only use 50 watts.
  • Pumps: A pump is a mechanical device that propels fluids, or sometimes slurries, by converting electrical energy into hydraulic energy. Through the adjustment of pipe sizes, energy can be saved by lowering friction losses.
  • Compressors: A compressor is a mechanical device that increases the pressure of a gas by reducing its volume.Air compressors that use less energy save money in a variety of ways.
  • Others: The others segment includes machine tools, turbines, power tools, alternators, rolling mills, ships, movers, and paper mills.

By Efficiency Level

  • IE1: The international efficiency standard's IE1 class. The power range of the IE1 motors is 0.75kW to 355kW. The IE1 motors feature two, four, six, eight, ten, and twelve poles. The IE1 motors operate at speeds ranging from 500 to 3600 rpm. The rpm frequency of IE1 motors is 50Hz or 60Hz.
  • IE2: The IE2 motors range in power from 0.75kW to 355kW. The IE2 motors feature two, four, or six poles. The IE2 motors operate at speeds ranging from 1000 to 3600 rpm. The rpm frequency of IE2 motors is 50Hz or 60Hz.
  • IE3: The IE3 motors range in power from 0.75kW to 355kW. The poles of the IE3 motors are 2, 4, 6, and 8. The IE3 motors run at speeds ranging from 750 to 3600 rpm. The rpm frequency of IE3 motors is 50Hz or 60Hz.
  • IE4: Due to the use of high-quality materials and the optimization of assembly and design to achieve higher efficiency, IE4 motors are more expensive. This segment is expected to grow with the highest CAGR by the forecast period. The rotors of these motors use large-diameter copper wires and a greater amount of aluminum to reduce resistance losses. An enhanced cooling fan is also used to reduce winding losses. The use of high-quality, expensive materials boosts the overall cost of these motors. The high purchase price is one of the major constraints, preventing small-scale companies from adopting these motors in their operations.

By End-Use Industry

  • Industrial: Energy efficient motors are highly used for industrial applications, as industries are getting highly automated there is an increased need for an energy-efficient motor, energy-efficient motors provide enable industries to save on electricity consumed.
  • Commercial Building: The use of energy-efficient motors is rising in commercial buildings, due to rising concerns related to emissions and the rising cost of electricity, there is more emphasis on the usage of energy-efficient motors for application in commercial buildings, though the demand is rising high maintenance and purchase cost is still hindering its growth in many parts of the world.
  • Residential: Rising cost of electricity and growing awareness among people are driving the adoption of energy-efficient motors for residential use applications.
  • Automotive: Automotive industry is one of the most sophisticated and technologically advanced industries, this industry has seen rising adoption of energy-efficient motors in recent years due to the high energy consumption associated with traditional motors.
  • Others: The other segment covers energy sectors and others.

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By Region

  • North America:
  • Europe:
  • Asia-Pacific:
  • Latin America:
  • Middle East Africa:

Energy Efficient Motor Market Competitive Landscape

The global Energy Efficient Motor market is highly fragmented and consists of many organized and unorganized industry players. Manufacturers focus mainly on the expansion of production capacities, continuous product launches, and collaborations with key stakeholders to gain a competitive advantage over other players.

Key players include ABB, Siemens, Rockwell, Schneider Electric, Crompton Greaves, Kirloskar Electric Company Ltd., Bosch Rexroth AG, Regal Beloit Corporation, Nidec Motor Corporation, and WEG