Energy Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, and IE4), Type, Application (HVAC, Fans, Pumps, Compressors, Refrigeration, Material Handling, and Material Processing), Vertical and Geography - Global Forecast to 2023

  • ID: 4469271
  • Report
  • Region: Global
  • 139 Pages
  • Markets and Markets
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The Energy Efficient Motor Market is Expected to Reach USD 41.57 Billion By 2023 from USD 30.34 Billion in 2018, at a CAGR of 6.5% Between 2018 and 2023.

FEATURED COMPANIES

  • ABB
  • Crompton Greaves
  • Havells
  • Kirloskar Electric
  • Nidec
  • Schneider Electric
  • MORE

“The energy efficient motor market is expected to grow at a significant rate between 2018 and 2023”

The key factors driving the growth of the energy efficient motor market are saving on energy and subsequent cost over traditional motors, increasing support from governments worldwide for the adoption of energy efficient motor, rising need to diminish greenhouse effect, and increasing adoption of energy efficient motors in the industrial sector. However, the major restraining factor for the growth of this market is the high costs of super premium efficiency (IE4) motors.

“AC motors accounted for a larger share of the energy efficient motor market in 2017”

AC motor is a type of electric motor that is driven by an alternating current (AC). An AC motor comprises an outside stator having coils supplied with alternating current to produce a rotating magnetic field and an inside rotor attached to the output shaft producing a second rotating magnetic field. The expected larger share of AC motors in the energy efficient motor market based on type is attributed to the rising concern about carbon emissions and increasing consumption of power, which has been encouraging the development of more energy efficient AC motors.

“North America accounted for the largest share of the energy efficient motor market in 2017”

The US, Canada, and Mexico are the major contributors to the North American energy efficient motor market. This region is a key market for energy efficient motors as some of the largest corporations, such as General Electric, Honeywell, Rockwell, and Regal Beloit, are based in this region. North America is considered to be an early adopter of energy efficient motors. Further, the increasing number of government regulations to reduce the greenhouse effect on the environment is driving adoption of energy efficient solutions. Additionally, the North American automobile industry is undergoing the technological shift from traditional vehicles to electric vehicles, which leads to the increase in the demand for energy efficient motors.

Following is the break-up of the profiles of primary participants for the report:

  • By Company Type: Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 45%, Directors - 30%, and Others - 25%
  • By Region: North  America - 45%, Europe - 30%, APAC - 20%, and RoW - 5%

The key players operating in the energy efficient motor market are ABB (Switzerland), Siemens (Germany), WEG (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), and Kirloskar Electric (India).

Research Coverage:

The research report covers the energy efficient motor market segmented on the basis of efficiency level, type, vertical, application, and geography. On the basis of efficiency level, the market has been segmented into IE4, IE3, IE2, and IE1. Based on type, the energy efficient motor market has been classified into AC motors and DC motors. The market has been segmented on the basis of application into HVAC, fans, pumps, compressors, refrigeration, material handling, and material processing. Based on vertical, the energy efficient motor market has been divided into industrial, commercial building, residential, automotive, agriculture, and aerospace and defense. Moreover, the report covers the market based on 4 major regions - North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast for the market based on efficiency level, type, vertical, application, and geography have been conducted to give an overall view of the energy efficient motor market.
  • The major drivers, restraints, opportunities, and challenges for the energy efficient motor market have been detailed in this report.
  • The details on the competitive landscape and revenue of the key players have been provided in the report.
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FEATURED COMPANIES

  • ABB
  • Crompton Greaves
  • Havells
  • Kirloskar Electric
  • Nidec
  • Schneider Electric
  • MORE

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Overall Energy Efficient Motor Market
4.2 Energy Efficient Motor Market for Industrial Vertical, By Type
4.3 Energy Efficient Motor Market in APAC, By Application
4.4 Energy Efficient Motor Market, By Region
4.5 Energy Efficient Motor Market, By Vertical
4.6 Energy Efficient Motor Market, By Country Wise

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Saving of Energy and Subsequent Cost Over Traditional Motors
5.2.1.2 Increasing Support From Governments Worldwide for the Adoption of Energy Efficient Motor
5.2.1.3 Rising Need to Diminish Greenhouse Effect
5.2.1.4 Increasing Adoption of Energy Efficient Motors in the Industrial Sector
5.2.2 Restraints
5.2.2.1 High Purchasing Price of Super Premium Efficiency (IE4) Motors
5.2.3 Opportunities
5.2.3.1 Emerging Greenfield Projects in Developing Nations
5.2.3.2 Rise in the Use of Energy Efficient Motors in the Agriculture Sector
5.2.4 Challenges
5.2.4.1 Lack of Awareness Among Various End Users
5.2.4.2 Risk & Uncertainty in the Energy Efficient Motor Ecosystem
5.3 Value Chain Analysis
5.4 Types of Losses in Motors
5.5 Comparison Between Standard Motor and Energy Efficient Motor

6 Energy Efficient Motor Market, By Efficiency Level
6.1 Introduction
6.2 IE4 (Super Premium Efficiency)
6.3 IE3 (Premium Efficiency)
6.4 IE2 (High Efficiency)
6.5 IE1 (Standard Efficiency)

7 Energy Efficient Motor Market, By Type
7.1 Introduction
7.2 AC Motors
7.2.1 Induction AC Motors
7.2.2 Synchronous AC Motors
7.3 DC Motors
7.3.1 Brushed DC Motors
7.3.2 Brushless DC Motors

8 Energy Efficient Motor Market, By Application
8.1 Introduction
8.2 Pumps
8.3 Fans
8.4 Compressors
8.5 Refrigeration
8.6 Material Handling
8.7 Material Processing
8.8 HVAC

9 Energy Efficient Motor Market, By Vertical
9.1 Introduction
9.2 Industrial
9.3 Commercial Building
9.4 Residential
9.5 Automotive
9.6 Agriculture
9.7 Aerospace & Defense

10 Energy Efficient Motor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific (APAC)
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis of Energy Efficient Motor Market Players
11.3 Competitive Situations & Trends
11.3.1 Product Launches & Developments
11.3.2 Agreements, Partnerships, & Collaborations
11.3.3 Acquisitions
11.3.4 Expansions

12 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Introduction
12.2 Key Players
12.2.1 ABB
12.2.2 Siemens
12.2.3 Weg
12.2.4 General Electric
12.2.5 Nidec
12.2.6 Schneider Electric
12.2.7 Rockwell
12.2.8 Crompton Greaves
12.2.9 Bosch Rexroth
12.2.10 Kirloskar Electric
12.2.11 Regal Beloit
12.2.12 Havells
12.2.13 Maxon Motor
12.2.14 Brook Crompton
12.2.15 Toshiba
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12.3 Other Important Players
12.3.1 Honeywell
12.3.2 Ec Fans & Drives (An Epec Company)
12.3.3 Ebm-Papst
12.3.4 Johnson Electric
12.3.5 Mitsubishi Electric

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables (72 Tables)
Table 1 Funding Schemes From Different Governments for Energy Efficiency Program
Table 2 Energy Efficient Motor Market, By Efficiency Level, 2015-2023 (USD Billion)
Table 3 Energy Efficient Motor Market, By Efficiency Level, 2015-2023 (Million Units)
Table 4 Energy Efficient Motor Market, By Type, 2015-2023 (USD Billion)
Table 5 Energy Efficient Motor Market, By Type, 2015-2023 (Million Units)
Table 6 Energy Efficient Motor Market for AC Motors, By Motor Type, 2015-2023 (USD Billion)
Table 7 Energy Efficient Motor Market for AC Motors, By Application, 2015-2023 (USD Billion)
Table 8 Energy Efficient Motor Market for AC Motors, By Vertical, 2015-2023 (USD Billion)
Table 9 Energy Efficient Motor Market for AC Motors, By Region, 2015-2023 (USD Billion)
Table 10 Energy Efficient Motor Market for Induction AC Motors, By Region, 2015-2023 (USD Billion)
Table 11 Energy Efficient Motor Market for Synchronous AC Motors, By Region, 2015-2023 (USD Billion)
Table 12 Energy Efficient Motor Market for DC Motors, By Motor Type, 2015-2023 (USD Billion)
Table 13 Energy Efficient Motor Market for DC Motors, By Application, 2015-2023 (USD Billion)
Table 14 Energy Efficient Motor Market for DC Motors, By Vertical, 2015-2023 (USD Billion)
Table 15 Energy Efficient Motor Market for DC Motors, By Region, 2015-2023 (USD Billion)
Table 16 Energy Efficient Motor Market for Brushed DC Motors, By Region, 2015-2023 (USD Billion)
Table 17 Energy Efficient Motor Market for Brushless DC Motors, By Region, 2015-2023 (USD Billion)
Table 18 Energy Efficient Motor Market, By Application, 2015-2023 (USD Billion)
Table 19 Energy Efficient Motor Market, By Application, 2015-2023 (Million Units)
Table 20 Energy Efficient Motor Market for Pumps, By Type, 2015-2023 (USD Billion)
Table 21 Energy Efficient Motor Market for Fans, By Type, 2015-2023 (USD Billion)
Table 22 Energy Efficient Motor Market for Compressors, By Type, 2015-2023 (USD Billion)
Table 23 Energy Efficient Motor Market for Refrigeration, By Type, 2015-2023 (USD Billion)
Table 24 Energy Efficient Motor Market for Material Handling, By Type, 2015-2023 (USD Billion)
Table 25 Energy Efficient Motor Market for Material Processing, By Type, 2015-2023 (USD Billion)
Table 26 Energy Efficient Motor Market for HVAC, By Type, 2015-2023 (USD Billion)
Table 27 Energy Efficient Motor Market, By Vertical, 2015-2023 (USD Billion)
Table 28 Energy Efficient Motor Market, By Vertical, 2015-2023 (Million Units)
Table 29 Energy Efficient Motor Market for Industrial Vertical, By Type, 2015-2023 (USD Billion)
Table 30 Energy Efficient Motor Market for Industrial Vertical, By Region, 2015-2023 (USD Billion)
Table 31 Energy Efficient Motor Market for Commercial Building Vertical, By Type, 2015-2023 (USD Billion)
Table 32 Energy Efficient Motor Market for Commercial Building Vertical, By Region, 2015-2023 (USD Billion)
Table 33 Energy Efficient Motor Market for Residential, By Type, 2015-2023 (USD Billion)
Table 34 Energy Efficient Motor Market for Residential, By Region, 2015-2023 (USD Billion)
Table 35 Energy Efficient Motor Market for Automotive Vertical, By Type, 2015-2023 (USD Billion)
Table 36 Energy Efficient Motor Market for Automotive Vertical, By Region, 2015-2023 (USD Billion)
Table 37 Energy Efficient Motor Market for Agriculture Vertical, By Type, 2015-2023 (USD Billion)
Table 38 Energy Efficient Motor Market for Agriculture, By Region, 2015-2023 (USD Billion)
Table 39 Energy Efficient Motor Market for Aerospace and Defense Vertical, By Type, 2015-2023 (USD Billion)
Table 40 Energy Efficient Motor Market for Aerospace and Defense, By Region, 2015-2023 (USD Billion)
Table 41 Energy Efficient Motor Market, By Region, 2015-2023 (USD Billion)
Table 42 Energy Efficient Motor Market, By Region, 2015-2023 (Million Units)
Table 43 Energy Efficient Motor Market in North America, By Country, 2015-2023 (USD Billion)
Table 44 Energy Efficient Motor Market in North America, By Vertical, 2015-2023 (USD Billion)
Table 45 Energy Efficient Motor Market in North America, By Application, 2015-2023 (USD Billion)
Table 46 Energy Efficient Motor Market in US, By Vertical, 2015-2023 (USD Million)
Table 47 Energy Efficient Motor Market in Canada, By Vertical, 2015-2023 (USD Million)
Table 48 Energy Efficient Motor Market in Mexico, By Vertical, 2015-2023 (USD Million)
Table 49 Energy Efficient Motor Market in Europe, By Country, 2015-2023 (USD Billion)
Table 50 Energy Efficient Motor Market in Europe, By Vertical, 2015-2023 (USD Billion)
Table 51 Energy Efficient Motor Market in Europe, By Application, 2015-2023 (USD Billion)
Table 52 Energy Efficient Motor Market in Germany, By Vertical, 2015-2023 (USD Million)
Table 53 Energy Efficient Motor Market in UK, By Vertical, 2015-2023 (USD Million)
Table 54 Energy Efficient Motor Market in France, By Vertical, 2015-2023 (USD Million)
Table 55 Energy Efficient Motor Market in Rest of Europe, By Vertical, 2015-2023 (USD Million)
Table 56 Energy Efficient Motor Market in APAC, By Country, 2015-2023 (USD Billion)
Table 57 Energy Efficient Motor Market in APAC, By Vertical, 2015-2023 (USD Billion)
Table 58 Energy Efficient Motor Market in APAC, By Application, 2015-2023 (USD Billion)
Table 59 Energy Efficient Motor Market in China, By Vertical, 2015-2023 (USD Million)
Table 60 Energy Efficient Motor Market in Japan, By Vertical, 2015-2023 (USD Million)
Table 61 Energy Efficient Motor Market in India, By Vertical, 2015-2023 (USD Million)
Table 62 Energy Efficient Motor Market in Rest of APAC, By Vertical, 2015-2023 (USD Million)
Table 63 Energy Efficient Motor Market in RoW, By Region, 2015-2023 (USD Billion)
Table 64 Energy Efficient Motor Market in RoW, By Vertical, 2015-2023 (USD Billion)
Table 65 Energy Efficient Motor Market in RoW, By Application, 2015-2023 (USD Million)
Table 66 Energy Efficient Motor Market in Middle East & Africa, By Vertical, 2015-2023 (USD Million)
Table 67 Energy Efficient Motor Market in South America, By Vertical, 2015-2023 (USD Million)
Table 68 Ranking Analysis of Key Players in Energy Efficient Motor Market, 2016
Table 69 Product Launches and Developments, 2014-2017
Table 70 Agreements, Partnerships, and Collaborations, 2014-2017
Table 71 Acquisitions, 2014-2017
Table 72 Expansions, 2014-2017

List of Figures (38 Figures)
Figure 1 Markets Covered
Figure 2 Energy Efficient Motor Market: Research Design
Figure 3 Process Flow for Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of Research Study
Figure 8 IE2 to Hold Largest Size of Energy Efficient Motor Market During Forecast Period
Figure 9 AC Motors to Hold Larger Size of Energy Efficient Motor Market By 2023
Figure 10 Energy Efficient Motor Market for Automotive Vertical to Grow at Highest CAGR During Forecast Period
Figure 11 Rise in Use of Energy Efficient Motors in Agriculture Sector Expected to Increase Demand for These Motors During 2018-2023
Figure 12 AC Motors to Hold Larger Size of Energy Efficient Motor Market for Industrial Vertical During Forecast Period
Figure 13 Pumps Application to Held Largest Share of Energy Efficient Motor Market in APAC in 2017
Figure 14 Energy Efficient Motor Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 15 Energy Efficient Motor Market for Automotive Vertical to Grow at Highest CAGR Between 2018 and 2023
Figure 16 Energy Efficient Motor Market in China to Grow at Highest CAGR During Forecast Period
Figure 17 Saving of Energy and Subsequent Cost Over Traditional Motors are Key Factors Driving the Demand for Energy Efficient Motor
Figure 18 Value Chain Analysis (2017): Major Value is Added During the Manufacturing & Assembly and System Integration Phases
Figure 19 Industrial Vertical: Electricity Sales, 2014-2016
Figure 20 Commercial Building Vertical: Electricity Sales, 2011-2016
Figure 21 Residential Vertical: Electricity Sales, 2012-2016
Figure 22 Energy Efficient Motor Market: Geographic Snapshot
Figure 23 Snapshot of Energy Efficient Motor Market in North America
Figure 24 Snapshot of Energy Efficient Motor Market in Europe
Figure 25 Snapshot of Energy Efficient Motor Market in APAC
Figure 26 Companies Adopted Product Launches and Developments as Key Growth Strategy Between 2014 and 2017
Figure 27 Geographic Revenue Mix of Major Companies
Figure 28 ABB: Company Snapshot
Figure 29 Siemens: Company Snapshot
Figure 30 Weg: Company Snapshot
Figure 31 General Electric: Company Snapshot
Figure 32 Nidec: Company Snapshot
Figure 33 Schneider Electric: Company Snapshot
Figure 34 Crompton Greaves: Company Snapshot
Figure 35 Kirloskar Electric : Company Snapshot
Figure 36 Regal Beloit: Company Snapshot
Figure 37 Havells: Company Snapshot
Figure 38 Toshiba: Company Snapshot

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  • ABB
  • Bosch Rexroth
  • Brook Crompton
  • Crompton Greaves
  • Ebm-Papst
  • Ec Fans & Drives (An Epec Company)
  • General Electric
  • Havells
  • Honeywell
  • Johnson Electric
  • Kirloskar Electric
  • Maxon Motor
  • Mitsubishi Electric
  • Nidec
  • Regal Beloit
  • Rockwell
  • Schneider Electric
  • Siemens
  • Toshiba
  • Weg
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