Report overview
The major factors driving the growth of this market include the saving of 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. Energy efficient motors are used in various application areas in the agriculture vertical; these applications include irrigation, ventilation, grain handling, material handling, aeration, and conditioning. Motors are among the largest energy consuming devices on farms. Motors used in the agriculture sector account for 18% of the on-farm energy consumption worldwide. Also, the energy saving solutions are applicable to all segments of the agriculture sector including dairies and livestock producers, nurseries, crop farmers, and food processing companies. This would further propel the growth of the energy efficient motor market during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Energy Efficient Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Energy Efficient Motor. This report contains market size and forecasts of Energy Efficient Motor in global, including the following market information:
Global Energy Efficient Motor Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Energy Efficient Motor Market Sales, 2018-2023, 2024-2030, (K Units)
Global top five Energy Efficient Motor companies in 2022 (%)
The global Energy Efficient Motor market was valued at US$ 27260 million in 2022 and is projected to reach US$ 34750 million by 2029, at a CAGR of 3.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The pumps application accounted for the largest share of the energy efficient motor market in 2017. Pumps are used in various end-user industries such as water and wastewater, oil and gas, agriculture, and commercial. Further, the pump application is a major shareholder of the energy efficient motor market as the pumps are the major consumer of electricity in the industrial sector.
We surveyed the Energy Efficient Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Energy Efficient Motor Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Energy Efficient Motor Market Segment Percentages, by Type, 2022 (%)
AC Motors
DC Motors
Global Energy Efficient Motor Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Energy Efficient Motor Market Segment Percentages, by Application, 2022 (%)
HVAC
Fans
Pumps
Compressors
Refrigeration
Material Handling
Material Processing
Global Energy Efficient Motor Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Energy Efficient Motor Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Energy Efficient Motor revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Energy Efficient Motor revenues share in global market, 2022 (%)
Key companies Energy Efficient Motor sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Energy Efficient Motor sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Siemens
Weg
General Electric
Nidec
Schneider Electric
Rockwell
Crompton Greaves
Bosch Rexroth
Kirloskar Electric
Regal Beloit
Havells
Maxon Motor
Brook Crompton
Toshiba
Outline of Major Chapters:
Chapter 1: Introduces the definition of Energy Efficient Motor, market overview.
Chapter 2: Global Energy Efficient Motor market size in revenue and volume.
Chapter 3: Detailed analysis of Energy Efficient Motor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Energy Efficient Motor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Energy Efficient Motor capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
