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Pulished Date March, 2021
ID: 11246
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Energy Efficient Motor Market Segmentation By Type (Super Premium IE4, Premium IE3, High IE2, Standard IE1), By Product Type (Synchronous Motor, Asynchronous Motor, DC Motor), By Application (PUMPS, FANS, Compressed Air, Refrigeration, Material Handling, Material Processing), By End User (Industrial, Buildings, Aerospace and Defense, Agriculture Sector) and By Region- Industry Analysis, Share, Growth, and Forecast 2021-2026.

Pulished: March, 2021
ID: 11246
Pages: 175

Energy Efficient Motor Market Size, Trends & Growth (2021 - 2026)

The advantages that energy efficient motors offer over standard motors, such as high quality lamination, insulation and low fan losses, influence consumer preferences for them. Manufacturers are increasingly adopting factory automation to improve production capacity while minimizing errors, process time, and hazardous environmental effects.

The global energy efficient motor market is foreseen to garner a CAGR of 6.06% over the projection period from 2021 to 2026.

There are various factors that are expected to prevail throughout the forecast period and at the same time provide their impacts on market growth. Energy efficient motors rely on less energy, power coolers, and are more reliable than traditional motors. This motor has more copper windings. The motor produces less noise and vibrations and has a low operating temperature.

Recent Developments:

  • All new low voltage (LV) motors must meet efficiency levels IE2 or higher according to the latest regulations in India.
  • ABB Synchronous Reluctance Motors (SynRM) now comply with the new ultra-premium energy efficiency class IE5 defined by the International Electrotechnical Commission (IEC) by offering up to 50% lower energy losses and energy consumption compared to the IE2 induction motors.
  • New products such as Microchip's dsPIC33C DSC devices with their high analog integration demonstrate our continued investment in simplifying motor control system design while reducing material development and billing costs in automotive, industrial, medical and public applications.
  • Honeywell (NYSE: HON) has partnered with Toyota Motor Europe on a project to further enhance the environmental leadership of the automaker's business in Europe. Toyota will implement Honeywell's HC900 Hybrid Controller Platform and Profit® Controller at three of its European assembly plants, reducing power requirements and improving environmental performance at each site.
  • GE's (NYSE: GE) power conversion business announced that it is working with Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) in South Korea to supply a propulsion system and electrical power to a vessel of support and logistics from the Norwegian Defense Logistics Organization (NDLO) (LSV).
  • Avantha Group Company CG opened its first Global Design Center, or GDC, in Bhopal, India, further strengthening its support to clients around the world for the changing needs of the oil and gas, cement, mining and metals treatment market of water, electricity, transportation and energy, to name a few.

IMPACT OF COVID-19 ON ENERGY EFFICIENT MOTOR MARKET:

Since the Coronavirus outbreak in December 2019, the disease has spread to almost every country in the world, and the World Health Organization declared it a public health emergency. Amid the COVID-19 crisis, the global market for energy efficient motors is expected to reach a revised size of US $ 98.2 thousand million, growing at a CAGR of 10.7% during the projection period. Synchronous, one of the segments analyzed in the report, is foreseen to register a CAGR of 11% and reach US $ 40.7 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the asynchronous segment is readjusted to a revised CAGR of 10.4% for the next 7 years.

Drivers and Restraints of Energy Efficient Motor Market:

Drivers:

The increase in robotics and automation in the manufacturing sector, the reduction in the cost of energy consumed and the increase in vehicle sales are the growth drivers of the global energy efficient motor market. The increasing emphasis on the adoption of green technologies is having a significant impact on the demand for energy efficient engines around the world. Government support for the adoption of energy efficient engines is an opportunity for this industry development.

Restraints:

High initial investment costs and intense competition restrict the market for energy efficient motors in different parts of the world.

Energy Efficient Motor Market Segmentation:

By Application

  • Pumps
  • Fans
  • Compressed Air
  • Refrigeration
  • Material Handling
  • Material Processing

By End User

  • Industrial
  • Buildings
  • Aerospace and Defense
  • Agriculture Sector

The industrial, residential and commercial construction sectors are expected to emerge as the top consumers of energy efficient motors worldwide. The transport and agricultural sectors will also present strong demand for these engines in the coming years. Transportation is subdivided into automobile, rail and sea.

By Type

  • Super premium-IE4
  • Premium-IE3
  • High-IE2
  • Standard-IE1 

A growing demand for IE1 (standard), IE2 (high), IE3 (premium) and IE4 (super premium) motors is likely to drive this market significantly in the coming years. DC motors are expected to see a steady increase in demand in the near future.

By Product Type 

  • Synchronous Motor
  • Asynchronous motor 
  • DC Motor

Energy Efficient Motor Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

With a large number of companies involved in the assembly and production of energy efficient motors, Europe has established itself as a leader among all regional markets. Researchers expect this regional market to maintain its leadership in the near future due to technological advances and increased research and development activity. However, North America is expected to see moderate growth in the coming years due to maturation. On the other hand, Asia-Pacific is likely to offer lucrative opportunities for this market to grow in the coming years. The wide availability of raw materials and the presence of a low-wage and skilled workforce are expected to drive the energy efficient motors market in the Asia Pacific in the coming years. The Latin American, Middle Eastern and African markets are also estimated to see a significant increase in their overall valuation in the near future.

Key Players of Market:

Key companies profiled in the report are ABB Ltd, Crompton Greaves, General Electric, Honeywell International, Inc., Kirlosakar Electric Company, Ltd, Microchip Technology, Inc., Magneteck, Inc., Johnson Controls Inc., Siemens AG, Weg S.A., Leeson Elctric Corporation and Emerson Electric.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Energy Efficient Motor Market, By Type                

                    6.1.1 Super premium-IE4  

                    6.1.2 Premium-IE3  

                    6.1.3 High-IE2        

                    6.1.4 Standard-IE1 

                    6.1.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Energy Efficient Motor Market, By Application                 

                    6.2.1 Pumps 

                    6.2.2 Fans    

                    6.2.3 Compressed Air       

                    6.2.4 Refrigeration  

                    6.2.5 Material Handling     

                    6.2.6 Material Processing  

                    6.2.7 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.8 Y-o-Y Growth Rate Analysis         

                    6.2.9 Market Attractiveness Index         

          6.3 Energy Efficient Motor Market, By Product Type              

                    6.3.1 Synchronous Motor  

                    6.3.2 Asynchronous motor         

                    6.3.3 DC Motor      

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Energy Efficient Motor Market, By End User          

                    6.4.1 Industrial       

                    6.4.2 Buildings       

                    6.4.3 Aerospace and Defense      

                    6.4.4 Agriculture Sector    

                    6.4.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.6 Y-o-Y Growth Rate Analysis         

                    6.4.7 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

                    7.2.4 By Product Type       

                    7.2.5 By End User   

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

                    7.3.4 By Product Type       

                    7.3.5 By End User   

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

                    7.4.4 By Product Type       

                    7.4.5 By End User   

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

                    7.5.4 By Product Type       

                    7.5.5 By End User   

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

                    7.6.4 By Product Type       

                    7.6.5 By End User   

8. Key Player Analysis                           

          8.1 ABB Ltd            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Crompton Greaves                

          8.3 General Electric           

          8.4 Honeywell International, Inc            

          8.5 Kirlosakar Electric Company, Ltd               

          8.6 Microchip Technology, Inc               

          8.7 Magneteck, Inc           

          8.8 Johnson Controls Inc             

          8.9 Siemens AG                

          8.10 Emerson Electric                 

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Energy Efficient Motor Market By Region, From 2021-2026 ( USD Billion )
  2. Global Energy Efficient Motor Market By Type, From 2021-2026 ( USD Billion )
  3. Global Super premium-IE4 Market By Region, From 2021-2026 ( USD Billion )
  4. Global Premium-IE3 Market By Region, From 2021-2026 ( USD Billion )
  5. Global High-IE2 Market By Region, From 2021-2026 ( USD Billion )
  6. Global Standard-IE1  Market By Region, From 2021-2026 ( USD Billion )
  7. Global Energy Efficient Motor Market By Application, From 2021-2026 ( USD Billion )
  8. Global Pumps Market By Region, From 2021-2026 ( USD Billion )
  9. Global Fans Market By Region, From 2021-2026 ( USD Billion )
  10. Global Compressed Air Market By Region, From 2021-2026 ( USD Billion )
  11. Global Refrigeration Market By Region, From 2021-2026 ( USD Billion )
  12. Global Material Handling Market By Region, From 2021-2026 ( USD Billion )
  13. Global Material Processing Market By Region, From 2021-2026 ( USD Billion )
  14. Global Energy Efficient Motor Market By Product Type, From 2021-2026 ( USD Billion )
  15. Global Synchronous Motor Market By Region, From 2021-2026 ( USD Billion )
  16. Global Asynchronous motor  Market By Region, From 2021-2026 ( USD Billion )
  17. Global DC Motor Market By Region, From 2021-2026 ( USD Billion )
  18. Global Energy Efficient Motor Market By End User, From 2021-2026 ( USD Billion )
  19. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  20. Global Buildings Market By Region, From 2021-2026 ( USD Billion )
  21. Global Aerospace and Defense Market By Region, From 2021-2026 ( USD Billion )
  22. Global Agriculture Sector Market By Region, From 2021-2026 ( USD Billion )

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