[184 Pages Report] The Energy Efficient Motor Market size was estimated at USD 39.64 billion in 2023 and expected to reach USD 42.47 billion in 2024, at a CAGR 7.48% to reach USD 65.71 billion by 2030.
An energy-efficient motor (EEM) is a motor that gives the same output strength by consuming lesser amounts of electricity. Energy-efficient motors offer improved efficiency over their traditional counterparts, resulting in significant cost savings and reduced environmental impact. The growing emphasis on the action of green technologies and government regulations aimed at reducing carbon emissions and promoting sustainability are raising the demand for energy-efficient motors. However, the high cost of motors and lack of awareness regarding the availability of energy-efficient motors in developing economies can adversely impact the adoption of energy-efficient motors. Moreover, technological breakthroughs and improvements in energy-efficient motors are expected to encourage the use of energy-efficient motors across the end-use sectors worldwide.
Regional Insights
The energy-efficient market is highly evolving in the Americas owing to the rapid expansion of industrial sectors and the growing use of these motors in commercial and residential sectors in the region. The increase in demand for energy-efficient motors in the APAC region is due to the rising cost of energy in this region and the rapid expansion of the manufacturing sector. The energy-efficient motors market is developing in the EMEA region due to its established automotive industry and government initiatives promoting energy efficiency. Additionally, the growing focus on expanding renewable energy projects and adopting energy-efficient solutions for industrial needs are expected to create immense potential for the growth of the energy-efficient motor market worldwide.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Energy Efficient Motor Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Energy Efficient Motor Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Energy Efficient Motor Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AEM-Anhaltische Elektromotorenwerk Dessau GmbH, Baum?ller N?rnberg GmbH, Bonfiglioli Riduttori S.p.A., Brook Crompton UK Ltd., Danfoss A/S, Delta Electronics, Inc., Emerson Electric Co., Franklin Electric Europa GmbH, Fuji Electric Co., Ltd., Hitachi, Ltd., Kollmorgen Corporation, Leroy-Somer by Nidec Motor Corporation, Marathon Electric by Regal Rexnord Corporation, Menzel Elektromotoren GmbH, Mitsubishi Electric Corporation, Moog Inc., NORD Drivesystems Pvt. Ltd., Parker Hannifin AB NUF, Robert Bosch GmbH, SEW-Eurodrive GmbH & Co KG, Siemens AG, Sumitomo Heavy Industries, Ltd., Techtop Electric Motors, TECO-Westinghouse, Toshiba International Corporation, VEM Group, Wolong Electric Group Co., Ltd, and Yaskawa Electric Corporation.
Market Segmentation & Coverage
This research report categorizes the Energy Efficient Motor Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Efficiency Standard/ Level
- IE1
- IE2
- IE3
- IE4
- Type
- AC Motors
- DC Motors
- Output Rating
- 1-30 KW
- 30-90 KW
- <1 KW
- > 90 KW
- Application
- Compressors
- HVAC
- Material Handling
- Pumps
- Refrigeration
- End-User
- Aerospace & Defense
- Agriculture
- Automotive
- Commercial
- Industrial
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Energy Efficient Motor Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Energy Efficient Motor Market?
- What are the technology trends and regulatory frameworks in the Energy Efficient Motor Market?
- What is the market share of the leading vendors in the Energy Efficient Motor Market?
- Which modes and strategic moves are suitable for entering the Energy Efficient Motor Market?
US $
Euro €
GBP £
