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Low Horsepower AC Motors Market - 2018
Increasing population over the past years has been raising a number of questions regarding energy shortage and the increasing environmental problems. A large number of studies have acknowledged these problems (also, brought about awareness at various levels); and the process of tackling these issues has begun. With the growing awareness about energy conservation in mind, companies are opting for green solutions for their technologies and processes. By saving energy, energy costs can be saved. Also, through energy-efficient technologies, Carbon Dioxide (CO2) emissions can be considerably reduced, thus providing a healthier environment. This has spurred the establishment of energy efficiency standards for electric motors, which are ubiquitous in their applications. IEC, NEMA and many other standards have been defined for electric motors in industrial and commercial applications.
In the Industrial sector, there is a specific demand to reduce the direct energy consumption; that is the energy used during the production cycles.The popularization of the advantages associated with energy efficient motors has been a major driver for the market. The operating and maintenance costs for energy-efficient motors are less than those for normal motors. The industrial sector contributes significantly to the total electricity consumption. Products such as small pumps, compressors, and robots are widely used in all the industries, and add up to high power consumption, which is the major issue; and their energy consumption can be reduced using energy efficient low horsepower AC motors. Manufacturing base is slowly being shifted to emerging countries like China, India and Brazil. This shift, along with the presence of a huge local demand for production, will drive the energy efficient low horse power AC motors market.
The push for reduced emissions and higher savings from major consumer appliances like air conditioner, refrigerators, and washing machines, among others, has significantly pushed the motor manufacturers to produce more energy efficient low horsepower AC motors. There has been an increasing support extended by various governments across most of the geographies by way of a number of incentives and initiatives for energy efficient motors. For instance, the U.S. government backed “energy efficiency and conservation block grant”program will fund various new and existing energy conservation programs. In this program, various activities are considered; like energy efficiency upgrades, replacement of the outdated appliances, and other initiatives. Similar developments have been observed from other countries as well. All these measures are expected to make our industries more efficient and healthier in the future.
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Energy Efficient Low Horsepower AC Motors Market (2013 – 2018): Product (Synchronous, Asynchronous), Current (Single phase, Three-phase), Application (Consumer, Industrial, Refrigeration, Medical), Geography (North America, Europe, APAC, ROW)
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