Energy Efficient Motor Market Revenue Opportunity, Business Insights, Forecast By 2030

Energy Efficient Motors Industry Overview

The study documents by MRFR state that the Energy Efficient Motors Market Research Report Information by End Use Industry, Type, and Region – Forecast Till 2030, the Energy Efficient Motors market is predicted to expand substantially during the evaluation era from 2022 to 2030 at a sizable CAGR of closely 6.91%. The study documents suggest projections related to the global market’s mounting revenue data, which will likely attain a market of USD 62.1 Billion by the end of 2030. As per the reports, the market was priced at almost USD 35.7 Billion in 2022. Electric Motors that are energy efficient have features such as enhanced production procedures and superior materials. Higher service factors, less vibration, longer bearing lives, and lower waste heat output are all characteristics of these motors. These motors enhance efficiency by lowering losses, which typically contribute to only 3-6 percent of the energy flowing through the motor. The Energy Efficient Motors market has recently advanced. The main feature causing a rise in market performance is the increased emphasis on green technology adoption. Consumer preferences are influenced by the benefits of energy-efficient motors over regular motors, such as minimal fan losses, insulation, and high-quality lamination, which in turn is also projected to positively impact the development of the global market over the coming years.

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Competitive Analysis

• ABB
• Crompton Greaves
• Siemens
• Kirloskar Electric Company Ltd.
• Rockwell
• Bosch Rexroth AG
• Schneider Electric
• WEG
• Nidec Motor Corporation
• Regal Beloit Corporation

Market Drivers

The Energy Efficient Motors market has recently advanced. The main feature causing a rise in market performance is the increased emphasis on green technology adoption. Consumer preferences are being influenced by the benefits that energy-efficient motors provide over regular motors, such as minimal fan losses, insulation, and high-quality lamination, which in turn is also projected to positively impact the development of the global market over the coming years.

Market Restraints

On the contrary, various aspects may have a hostile effect on expanding the global market for Energy Efficient Motors. One of the main restraints in advancing the market’s growth is the elevated prices allied with raw materials.  

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Segment Analysis

The global Energy Efficient Motors market is divided into Efficiency Level, region, Application, and End-use segments.

Based on Efficiency Level, the global Energy Efficient Motors market is divided into IE4, IE3, IE2, and IE1.

Based on Application, the global Energy Efficient Motors market is divided into Compressors, HVAC, Pumps, Fans, and Others.

Based on End-use, the global Energy Efficient Motors market is divided into Automotive, Industrial, Residential, Commercial buildings, and Others.

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Regional Analysis

The study offers market data by region for North America, Asia-Pacific, Europe, and the Rest of the World.

The study documents by MRFR entail that The North American Region ensured the prime position across the Energy Efficient Motors market in 2022, with a maximum share of about USD 0.85 trillion. The area is recognized for dynamic development contributors such as Mexico, Canada, and the U.S. The primary aspect boosting the development of the regional Energy Efficient Motors market is the escalation in energy prices around the region.

The Asia-Pacific region will grow at the maximum CAGR across the Energy Efficient Motors market from 2023 to 2032. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The primary aspect boosting the development of the regional Energy Efficient Motors market is the different actions implemented by the Department of Energy (DOE) in several regional nations. Furthermore, the rising energy prices have caused increased concern about energy efficiency, which in turn is also projected to boost the regional market’s growth. The rapidly growing switch to high-efficiency motors (HEMs) that consume less power is resulting in the escalation of performance of the regional market over the coming years.

The European Region estimates to hold the second position across the Energy Efficient Motors market over the assessment era. The area is recognized for dynamic development contributors such as Germany, France, and the U.K. Rapid industrialization and urbanization are the primary aspects boosting the development of the regional Energy Efficient Motors market.

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