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Energy-Efficient Motor Market worth $82.23 Billion by 2020
According to a new market research report on the “Energy-Efficient Motor Market by Type (IE1, IE2, IE3, and IE4), Product (Synchronous, Asynchronous, and DC), Application (HVAC, Pumps, Fans, Compressed Air, Material Handling, and Processing), End-user, and Geography - Analysis & Forecast to 2015 - 2020”, the market is expected to grow at a CAGR of 11.78% between 2015 and 2020, and reach $82.23 Billion by 2020.
Browse 94 market data tables and 53 figures spread through 174 pages and in-depth TOC on “Energy-Efficient Motor Market - Analysis & Forecast to 2015 - 2020"
Early buyers will receive 10% customization on reports.
The continuous innovations in this market have helped in increasing reliability of the product, consuming low electricity, and reducing CO2 and N2O gases and greenhouse effect. Asynchronous motors dominate the overall market. These motors would have a significant demand during the forecast period. Based on different horse powers (HP) and International Efficiency (IE) standards, energy-efficient motors are available with improved reliability, better manufacturability, and affordable costs. This has resulted in a wide utilization of these products in many industry verticals.
The report covers the ‘Global Energy-Efficient Motor Market’ and all its market aspects such as future opportunities, drivers, and restraints in detail. This market is a growing market, which includes major types of IE standard motors such as IE1, IE2, IE3, and IE4. In this report, the overall market has been divided into five major segments—types, products, end-users, applications, and geography. The products segment include synchronous, asynchronous, and direct current (DC) motors; the applications segment include HVAC, pumps, fans, compressed air, refrigeration, material handling, and material processing. The end-users segment has been divided into industrial, commercial building, residential; transportation and agricultural sector have also been discussed in detail in this report.
The geographic split of this market has been included in the report. The overall market has been divided into four major geographic segments, namely the Americas, Europe, APAC, and RoW. Among all, Europe dominates in the overall energy-efficient motor market.
Major players in this market are Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric SE (France), Baldor Electric Company (U.S.), and Regal Beloit Corporation (U.S.).
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