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Europe Leads in terms of the number of Players involved in the assembling and manufacturing of Energy-Efficient Motors.
This section entails the current and upcoming opportunities in this report on the basis of applications and geographic regions, which are expected to retain a high growth rate for this particular market during the forecast period. An increasing demand for energy-efficient motors is expected in the APAC region during the forecast period.
Europe leads in terms of the number of players involved in the assembling and manufacturing of energy-efficient motors. This region provides a wide platform for carrying out manufacturing and processing activities of these products. The European players dominate the overall global energy-efficient motor market. The APAC region is estimated to grow faster during forecast period. The increasing growth of synchronous motors is observed to be a driver for this market. The European market accounted for a market share of 35.11% of the overall global energy-efficient motor market size in 2014.
The report covers all aspects of the energy-efficient motor market in terms of types, products, applications, end-users, and geographic analysis. This report covers the application segment, which includes HVAC, pumps, fans, compressed air, compressed air, refrigeration, material handling, and material processing.
The key revenue pockets for this market are pumps, fans, compressed air, material handling, and material processing applications. This is mainly due to the use of different International Efficiency (IE) standard motors, such as IE1, IE2, IE3, and IE4, in these applications. Major players in this segment are Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric SE (France), Baldor Electric Company (U.S.), and Regal Beloit Corporation (U.S.).
The global energy-efficient motor market size is estimated to reach $82.23 billion by 2020, at a CAGR of 11.78% between 2015 and 2020. The material handling application is expected to grow at a CAGR of 14.33%. APAC is expected to be the fastest growing region for this market, followed by the Americas, which includes North America and South America; and Europe which includes Germany, the U.K., France, and RoE.
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
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