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

Driven by the saving on energy and subsequent cost over traditional motors, increasing support from governments worldwide for the adoption of energy efficient motors, rising need to diminish greenhouse effect, and increasing adoption of energy efficient motors in the industrial sector, the energy efficient motor market is likely to witness high growth in the coming years. The market was valued at USD 28.46 Billion in 2017 and is expected to reach USD 41.57 Billion by 2023, at a CAGR of 6.5% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the energy efficient motor market based on efficiency level, type, vertical, application, and geography. The report provides detailed information regarding the major factors influencing the growth of the energy efficient motor market.

The research methodology used to estimate and forecast the energy efficient motor market begins with obtaining data through secondary research such as newsletters and whitepapers published by key associations (IEA, EEC, and IEEE) and leading players in this market. The bottom-up procedure has been employed to arrive at the overall size of the energy efficient motor market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which has been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure.

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The players involved 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), Kirloskar Electric (India).

Target audience of the report:

• Raw material providers
• Component manufacturers and distributors
• Motor manufacturers
• Motor suppliers
• Motor distributors
• Analysts and strategic business planners
• Research organizations
• Associations, organizations, and alliances related to energy efficient motors
• Government bodies such as regulating authorities and policymakers

This study answers several questions for the stakeholders, primarily regarding the market segments to focus on in the next 2–5 years for prioritizing efforts and investments.

Scope of the report:

This research report categorizes the overall energy efficient motor market on the basis of efficiency level, type, vertical, application, and geography.

Energy Efficient Motor Market, by Efficiency Level

• IE4
• IE3
• IE2
• IE1

Energy Efficient Motor Market, by Type

• AC Motors
• DC Motors

Energy Efficient Motor Market, by Application

• HVAC
• Fans
• Pumps
• Compressors
• Refrigeration
• Material Handling
• Material Processing

Energy Efficient Motor Market, by Vertical

• Industrial
• Commercial Building
• Residential
• Automotive
• Aerospace and Defense
• Agriculture

Energy Efficient Motor Market, by Geography

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Geographic Analysis

• Further breakdown of different regions under geography on the basis of efficiency level

 Table of Contents

1 Introduction (Page No. - 14)
    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 (Page No. - 17)
    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 (Page No. - 25)

4 Premium Insights (Page No. - 28)
    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 (Page No. - 33)
    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 (Page No. - 39)
    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 (Page No. - 43)
    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 (Page No. - 52)
    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 (Page No. - 59)
    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 (Page No. - 69)
     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 (Page No. - 91)
     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 (Page No. - 95)
(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 (Page No. - 129)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ 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

The energy efficient motor market is expected to be valued at USD 41.57 Billion by 2023, growing at a CAGR of 6.5% between 2018 and 2023. 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 segments the energy efficient motor market on the basis of efficiency level, type, vertical, application, and geography. 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.

The AC motors accounted for a larger share of the energy efficient motor market in 2017. This growth is attributed to the rising concern over carbon emissions and increasing consumption of power, which has encouraged the development of more energy efficient AC motors. The energy efficient motor market for DC motors is expected to grow at a higher CAGR between 2018 and 2023.

On the basis of geography, the energy efficient motor market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America accounted for the largest share of the overall energy efficient motor market in 2017. However, the market in APAC is expected to grow at the highest CAGR during the forecast period, and it would supersede the North American by 2023. The rising energy prices, which have increased the concern about the efficient use of energy, and several measures taken by the Department of Energy (DOE) from various countries in APAC are encouraging the industries to switch to high-efficiency motors (HEMs) that consume less power, resulting in the growth of the energy efficient motors market in this region.

Currently, there is lack of awareness about energy efficient motors among various end users; however, the situation is expected to change positively in the coming years. Motor purchasers lack sufficient information regarding the potential of these motors to save on energy and cost incurred by the excessive energy consumption. The problems associated with obtaining information arise from the inadequacy of information about the efficiency level of motors and lack of knowledge regarding the energy saving opportunities provided by these motors. Therefore, they are less willing to adopt these motors. There has been a gradual information wave elucidating and educating the end users, which is expected to gain momentum in the coming years, leading to the increased adoption of energy efficient motors.

The key players in this market are ABB (Switzerland), Siemens (Germany), (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), Kirloskar Electric (India).

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