Energy Efficient Motor Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Efficiency Level (IE4: Super Premium Efficiency, IE3: Premium Efficiency, IE2: High Efficiency, And IE1: Standard Efficiency); Motor Design (AC Motor and DC Motor); Application (Fans, HVAC, Compressor, Pumps, Refrigeration, and Material Handling); Vertical (Commercial, Residential, Industrial, and Agriculture); and Region/Country

Detailed Analysis of COVID-19 Impact on the Energy Efficient Motor Market

Pages:

154

Table:

44

Figure:

104

Report ID:

UMEP211745

Geography:

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Report Description

Energy-Efficient Motor Market
Energy-Efficient Motor Market

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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.

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“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.

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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:

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the Energy-Efficient Motor Market
2.2.Research Methodology of the Energy-Efficient Motor Market
2.3.Respondent Profile    

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE ENERGY-EFFICIENT MOTOR MARKET

 

6ENERGY-EFFICIENT MOTOR MARKET REVENUE (USD BN), 2020-2028F

 

7.1.IE4: Super Premium Efficiency
7.2.IE3: Premium Efficiency 
7.3.IE2: High Efficiency  
7.4.IE1: Standard Efficiency 

 

8.1.AC Motors
8.2.DC Motors

 

9.1.Fans 
9.2.HVAC 
9.3.Compressor
9.4.Pumps 
9.5.Refrigeration 
9.6.Material Handling 

 

10.1.Commercial 
10.2.Residential 
10.3.Industrial 
10.4.Agriculture 

 

11.1.North America    
 11.1.1.U.S.  
 11.1.2.Canada  
 11.1.3.Rest of North America
11.2.Europe    
 11.2.1.Germany  
 11.2.2.U.K.  
 11.2.3.France  
 11.2.4.Italy  
 11.2.5.Spain  
 11.2.6.Rest of Europe 
11.3.Asia-Pacific   
 11.3.1.China  
 11.3.2.Japan  
 11.3.3.India  
 11.3.4.Rest of Asia-Pacific 
11.4.Rest of World   

 

12.1.Market Drivers
12.2.Market Challenges
12.3.Impact Analysis

 

13ENERGY-EFFICIENT MOTOR MARKET OPPORTUNITIES

 

14ENERGY-EFFICIENT MOTOR MARKET TRENDS

 

15.1.Demand Side Analysis
15.2.Supply Side Analysis

 

16VALUE CHAIN ANALYSIS

 

17PRICING ANALYSIS

 

18STRATEGIC INSIGHTS
19.1.Competitive Landscape
 19.1.1.Porters Fiver Forces Analysis
20.1.ABB  
20.2.Siemens AG 
20.3.Kirloskar Electric Company 
20.4.Rockwell Automation, Inc. 
20.5.Bosch Rexroth AG  
20.6.Maxon    
20.7.WEG   
20.8.Schneider Electric 
20.9.Havells India Ltd.  
20.10.General Electric  
21DISCLAIMER

Research Methodology

Research Methodology for the Energy-Efficient Motor Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global energy-efficient motor market were the three major steps undertaken to create and analyze the adoption of energy-efficient motors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global energy-efficient motor market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the energy-efficient motor market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the energy-efficient motor market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as efficiency level, motor design, application, and vertical. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Energy-Efficient Motor market. Further, we conducted factor analysis using dependent and independent variables such as various efficiency levels, motor designs, applications, and verticals of energy-efficient motors. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the energy-efficient motor market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global energy-efficient motor market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the energy-efficient motor market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global energy-efficient motor market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Energy-Efficient Motor Market
Energy-Efficient Motor Market

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 Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global energy-efficient motor market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of efficiency level, motor design, application, and vertical in the global energy-efficient motor market.

The main objective of the Global Energy-Efficient Motor Market Study

The current & future market trends of the global energy-efficient motor market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the energy-efficient motor market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of efficiency level, motor design, application, and vertical.
  • Define and analysis of the regulatory framework for the energy-efficient motor
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the energy-efficient motor market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the energy-efficient motor market and the growth strategies adopted by the market players to sustain in the fast-growing market.
  • Deep dive regional level analysis of the industry

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