Energy Efficient Motor Market

Energy Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, IE4, and IE5), Type(AC, DC), Power Output Rating (< 1 kW, 1 - 2.2 kW, 2.2 - 375 kW, and > 375 kW), Application (HVAC, Fans, Pumps, Compressors), End User Region - Global Forecast to 2028

Report Code: EP 7817 Mar, 2023, by marketsandmarkets.com

Energy Efficient Motor Market Size, Share, Growth Report & Forecast

[214 Pages Report] The global energy efficient motor market size in terms of revenue was estimated to be worth $41.7 billion in 2023 and is poised to reach $59.3 billion in 2028, growing at a CAGR of 7.3% from 2023 to 2028. Major factors that would further drive the adoption of energy efficient motors include stringent government policies with the goal of achieving high efficiencies in appliances, equipments in various sectors so to move towards decarbonization.

Energy Efficient Motor Market

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Energy Efficient Motor Market Growth Dynamics

Drivers: Government initiatives encouraging adoption of energy efficient motors

Governments can set minimum energy efficiency standards for motors, which require manufacturers to produce motors that meet or exceed certain efficiency levels. These standards can help drive the market towards more energy efficient motors and make them more widely available. The Government is also  providing education and outreach programs to raise awareness of the benefits of energy efficient motors and how they can be integrated into various industries. This can include training programs for engineers and technicians on how to install and maintain energy efficient motors, as well as public awareness campaigns to promote their use. Through Energy efficiency programs, Governments can establish energy efficiency programs that provide technical assistance and resources to businesses and individuals looking to adopt energy efficient technologies. These programs can help identify energy-saving opportunities, provide guidance on selecting the right motor for a particular application, and offer financing options to help cover the upfront costs of the new equipment.

Restraints: High Price of energy efficient motors

Energy efficient motors often require higher quality materials, more advanced manufacturing processes, and additional testing and certification to ensure their efficiency. This can increase the production costs for manufacturers, which in turn results in a higher price for the end user. Generally, energy efficient motors cost an average 20% more than standard motors, but it depends on the specific motor manufacturer and market competition. It is often possible to obtain a lower price premium when purchasing a large quantity of energy efficient motors. Some buyers may not be aware of the benefits of energy efficient motors and may be hesitant to pay a premium price for a technology they don't fully understand.

Opportunities: Rising industrialization and decarbonization initiatives

The growing industrialization across the globe has increased the demand for energy efficiency motors. As more industries are established and existing ones expand, the need for motors that can reduce energy consumption and operating costs has become paramount. Energy efficiency motors offer higher efficiency and reduced energy loss, which translates to significant cost savings over the lifetime of the motor. This has led to a surge in demand for energy efficiency motors in various sectors, including manufacturing, agriculture, construction, and transportation. Also, the global push towards decarbonization has also contributed to the growth of the energy efficiency motors market. Governments and organizations around the world are implementing policies and initiatives to reduce carbon emissions and combat climate change. Energy efficiency motors play a crucial role in achieving these goals by reducing the energy consumption and carbon footprint of industrial processes. The use of energy efficiency motors is also seen as an important step towards achieving the energy transition, which involves shifting away from fossil fuels towards renewable energy sources. the rising industrialization and decarbonization initiatives have created a favorable market for energy efficiency motors. The market is expected to continue its growth trajectory as more industries adopt energy-efficient practices and the push towards decarbonization intensifies. This presents a significant opportunity for companies operating in the energy efficiency motors market to expand their business and contribute to a more sustainable future.

Challenges: Lack of awareness of benefits of energy efficient motors

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. End users lack sufficient information regarding the potential of these motors to save energy and the cost incurred by excessive energy consumption. Another reason for the lack of awareness is the lack of information and education on the topic. Many consumers and businesses may not be aware of the different types of energy efficient motors available, their benefits, and how they can be integrated into their operations. Without this knowledge, it can be difficult for them to make informed decisions about which motors to use.

Energy Efficient Motor Market Trends

Energy Efficient Motor Market Size, and Share

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Pumps segment, by application, is expected to be the largest market during the forecast period

The Pumps segment is expected to be the largest market during the forecast period. Three-phase alternating current (AC) induction motors are commonly used for commercial and industrial applications. Due to strict energy efficiency standards in developed countries focus on smart water and wastewater systems, and increasing power generation capacities across the world is likely to increase the adoption of energy efficient motors in pumps.

By power rating, >375 kW segment is expected to be the fastest market for the global energy efficient motor market during the forecast period

By power rating, the market has been segmented into <1 kW, 1 – 2.2 kW, 2.2 – 375 kW, >375 kW. >375 rated motors are specifically engineered to withstand heavy loads and to function efficiently in challenging environments. Given their high levels of reliability and efficiency, they are well-suited for use in critical applications where any amount of downtime is unacceptable.

“Asia Pacific: The largest energy efficient motors market”

Asia Pacific is expected to be the largest market region for the global energy efficient motor market between 2021–2028, followed by North America and Europe. Governments of several countries in Asia Pacific, including Australia, China, Japan, and Singapore, have implemented minimum energy performance standards or labeling programs for electric motors, which have boosted demand for energy efficient motors.  Asia Pacific is the most populated region in the world and is expected to become the largest energy-consuming region globally. It comprises several developing nations and requires more energy for its development. According to the Asian Development Bank (ADB), the region’s share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010. The industrial sector in China is contributing more than 50% of its GDP, and the growth of this sector has tremendously increased power production and consumption in the country. These factors have made China one of the most lucrative markets for the power industry, consequently resulting in heightened demand for electric motors. Similar trends are also being followed in other countries.

Energy Efficient Motor Market Size, and Share

Key Market Players

The market is dominated by a few major players that have a wide regional presence. The major players in the energy efficient motor market are ABB (Switzerland), Siemens (Germany), Regal Rexnord Corporation (US), Wolong Electric Group Co., Ltd (China), Nidec Corporation (Japan). Between 2018 and 2022, the companies adopted growth strategies such as sales contracts to capture a larger share of the market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2021–2028

Base Year

2022

Forecast Period

2023–2028

Units

Value (USD Million)

Segments Covered

Efficiency Level, type, power output rating, application, end user and region

Geographic Regions Covered

Asia Pacific, North America, Europe, Middle East & Africa, and South America.

Companies Covered

ABB (Switzerland), Siemens (Germany), WEG (Brazil), Wolong Electric (China), Nidec Corporation (Japan), Rockwell Automation (US), CG Power and Industrial Solutions Ltd. (India), Regal Rexnord Corporation (US), Toshiba International Corporation Pty Ltd. (Japan), Kirloskar Electric (India), Havells (India), OME Motors (Italy), Bharat Bijlee (India), Mitsubishi Electric (Japan), EC Fans and Drives (US), Elektrim Motors (Illinois), Shanghai Top Motor Co., Ltd. (China), Hoyer Motors (Denmark), Integrated Electric Co., Pvt. Ltd. (India), Menzel motors (Germany),

This research report categorizes the market by type, technology, component, communication, end user, and region

On the basis of by type, the energy efficient motor market has been segmented as follows:
  • AC motors
  • DC motors
On the basis of power output rating, the energy efficient motors market has been segmented as follows:
  • < 1 kW
  • 1–2.2 kW
  • 2.2–375 kW
  • > 375 kW
On the basis of efficiency level, the energy efficient motor market has been segmented as follows:
  • IE1
  • IE2
  • IE3
  • IE4
  • IE5
On the basis of application, the energy efficient motors market has been segmented as follows:
  • HVAC
  • Pumps
  • Fans
  • Compressors
  • Refrigeration
  • Material Handling
  • Material Processing
On the basis of end user, the energy efficient motor market has been segmented as follows:
  • Residential
  • Commercial
  • Industrial
  • Automotive
  • Agriculture
  • Aerospace & Defense
On the basis of installation type, the energy efficient motors market has been segmented as follows:
  • Open Drip Proof (ODP) Motors
  • Totally Enclosed Fan Cooled (TEFC) Motors
On the basis of region, the energy efficient motor market has been segmented as follows:
  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In April 2022, Nidec Corporation introduced SynRA motors for usage in commercial pumping and HVAC equipment with IE4 and IE5 ratings.
  • In August 2022, ABB announced that it will purchase Siemens low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales, and management team.
  • In March 2022, Siemens invested in existing and new sites in Texas and California that develop electrical equipment for critical infrastructure systems, including EV charging, data centers, and industrial installations. This investment advances the company’s commitment to supporting the next generation of American infrastructure.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 ENERGY EFFICIENT MOTORS MARKET, BY EFFICIENCY LEVEL
           1.3.2 MARKET, BY POWER OUTPUT RATING
           1.3.3 MARKET, BY INSTALLATION TYPE
           1.3.4 MARKET, BY TYPE
           1.3.5 MARKET, BY END USER
           1.3.6 MARKET, BY APPLICATION
    1.4 MARKET SCOPE 
           1.4.1 MARKETS COVERED
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA 
           FIGURE 1 ENERGY EFFICIENT MOTOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 STUDY SCOPE 
           FIGURE 3 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR ENERGY-EFFICIENT MOTORS
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 4 ENERGY EFFICIENT MOTOR MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 5 ENERGY EFFICIENT MOTOR MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.4.3 DEMAND-SIDE ANALYSIS
                    2.4.3.1 Regional analysis
                    2.4.3.2 Country-level analysis
                    2.4.3.3 Assumptions for demand-side analysis
                    2.4.3.4 Calculations for demand-side analysis
           2.4.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF ENERGY-EFFICIENT MOTORS
                    FIGURE 7 ENERGY EFFICIENT MOTORS MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.4.1 Calculations for supply-side analysis
                    2.4.4.2 Assumptions for supply-side analysis
                               FIGURE 8 COMPANY REVENUE ANALYSIS, 2021
           2.4.5 FORECAST
    2.5 RISK ASSESSMENT 
    2.6 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 42)
    TABLE 1 SNAPSHOT OF ENERGY EFFICIENT MOTOR MARKET 
    FIGURE 9 AC MOTORS SEGMENT TO HOLD LARGER ENERGY EFFICIENT MOTOR MARKET SHARE DURING FORECAST PERIOD 
    FIGURE 10 < 1 KW SEGMENT TO ACCOUNT FOR LARGEST ENERGY EFFICIENT MOTOR MARKET SIZE DURING FORECAST PERIOD 
    FIGURE 11 IE3 SEGMENT TO HOLD LARGEST ENERGY EFFICIENT MOTOR MARKET SIZE DURING FORECAST PERIOD 
    FIGURE 12 PUMPS SEGMENT TO ACCOUNT FOR LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE DURING FORECAST PERIOD 
    FIGURE 13 INDUSTRIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 
    FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENERGY EFFICIENT MOTOR MARKET 
           FIGURE 15 GROWING ADOPTION OF ENERGY-EFFICIENT SOLUTIONS AND GOVERNMENT MANDATES TO FAVOR ENERGY EFFICIENT MOTOR MARKET GROWTH
    4.2 ASIA PACIFIC: MARKET, BY END USER AND COUNTRY 
           FIGURE 16 INDUSTRIAL SEGMENT AND CHINA HELD LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE IN 2022
    4.3 ENERGY EFFICIENT MOTORS MARKET, BY TYPE 
           FIGURE 17 AC MOTORS SEGMENT TO ACCOUNT FOR LARGER ENERGY EFFICIENT MOTOR MARKET SHARE IN 2028
    4.4 MARKET, BY END USER 
           FIGURE 18 INDUSTRIAL SEGMENT TO HOLD LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE IN 2028
    4.5 MARKET, BY POWER OUTPUT RATING 
           FIGURE 19 < 1 KW SEGMENT TO LEAD MARKET IN 2028
    4.6 MARKET, BY EFFICIENCY LEVEL 
           FIGURE 20 IE3 SEGMENT TO HOLD LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE IN 2028
    4.7 MARKET, BY APPLICATION 
           FIGURE 21 PUMPS SEGMENT TO CAPTURE LARGEST ENERGY EFFICIENT MOTOR MARKET SHARE IN 2028
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 22 ENERGY EFFICIENT MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Lower life cycle costs than traditional motors
                               FIGURE 23 ELECTRIC MOTOR LIFE CYCLE COSTS
                    5.2.1.2 Government initiatives encouraging adoption of energy-efficient motors
                               TABLE 2 FUNDING SCHEMES AND PROJECTS FOR ENERGY-EFFICIENT MOTORS IN DIFFERENT COUNTRIES
                    5.2.1.3 Increasing adoption of energy-efficient motors in industrial sector
                               FIGURE 24 PERCENTAGE SHARE OF ELECTRICITY CONSUMPTION OF MOTOR SYSTEMS, BY INDUSTRY SUBSECTOR, 2020
           5.2.2 RESTRAINTS
                    5.2.2.1 High price of energy-efficient motors
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising industrialization and decarbonization initiatives
                               TABLE 3 WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS ABOUT ANNUAL PERCENTAGE CHANGE IN REAL GDP, 2022–2024
                    5.2.3.2 Growth of robotics and automation
                               FIGURE 25 GLOBAL OPERATIONAL STOCK OF INDUSTRIAL ROBOTS, 2010–2020
           5.2.4 CHALLENGES
                    5.2.4.1 Limited awareness about benefits of energy-efficient motors
                    5.2.4.2 Supply chain disruptions
                               FIGURE 26 GLOBAL NOMINAL PRICES FOR ALUMINIUM AND COPPER (USD/MT), 2020–2023
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR ENERGY-EFFICIENT MOTOR MANUFACTURERS
                    FIGURE 27 REVENUE SHIFTS FOR ENERGY-EFFICIENT MOTOR MANUFACTURERS
    5.4 MARKET MAP 
           TABLE 4 ENERGY EFFICIENT MOTORS MARKET: ECOSYSTEM ANALYSIS
           FIGURE 28 MARKET MAP/ECOSYSTEM ANALYSIS
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 29 ENERGY EFFICIENT MOTORS MARKET: VALUE CHAIN ANALYSIS
           5.5.1 RAW MATERIAL/COMPONENT PROVIDERS
           5.5.2 MANUFACTURERS
           5.5.3 DISTRIBUTORS AND AFTER-SALES SERVICE PROVIDERS
           5.5.4 END USERS
    5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS 
           FIGURE 30 AVERAGE SELLING PRICE OF ENERGY-EFFICIENT MOTORS OFFERED KEY PLAYERS, BY POWER OUTPUT RATING, 2021
           TABLE 5 AVERAGE SELLING PRICE OF ENERGY-EFFICIENT MOTORS OFFERED BY KEY PLAYERS, BY POWER OUTPUT RATING, 2021 (USD)
           TABLE 6 PRICING ANALYSIS, BY REGION, 2021 AND 2028 (USD)
           FIGURE 31 PRICING ANALYSIS, BY REGION, 2021 AND 2028 (USD)
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 TECHNOLOGY TRENDS RELATED TO ELECTRIC MOTORS
                    TABLE 7 ENERGY EFFICIENCY METHOD IMPROVEMENTS IN MOTORS
    5.8 TARIFF, CODES, AND REGULATIONS 
           5.8.1 TARIFF RELATED TO ENERGY-EFFICIENT MOTORS
           5.8.2 CODES AND REGULATIONS RELATED TO ENERGY EFFICIENT MOTORS MARKET
                    TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.8.3 CODES AND REGULATIONS RELATED TO ENERGY-EFFICIENT MOTORS
                    TABLE 13 NORTH AMERICA: CODES AND REGULATIONS
                    TABLE 14 ASIA PACIFIC: CODES AND REGULATIONS
                    TABLE 15 EUROPE: CODES AND REGULATIONS
                    TABLE 16 GLOBAL: CODES AND REGULATIONS
    5.9 PATENT ANALYSIS 
           TABLE 17 ENERGY EFFICIENT MOTORS MARKET: INNOVATION AND PATENT REGISTRATION
    5.10 TRADE ANALYSIS 
           5.10.1 EXPORT SCENARIO
                    TABLE 18 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2019–2021 (USD THOUSAND)
           5.10.2 IMPORT SCENARIO
                    TABLE 19 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2019–2021 (USD THOUSAND)
    5.11 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 20 MARKET: LIST OF CONFERENCES AND EVENTS
    5.12 CASE STUDY ANALYSIS 
           5.12.1 ORQUIDEA IMPROVED FOOD PRODUCTION EFFICIENCY WITH BONUS MOTOR PROGRAM
           5.12.2 EMORY UNIVERSITY UPGRADED MOTORS TO CUT DOWN HVAC ENERGY COSTS
    5.13 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 21 ENERGY EFFICIENT MOTOR MARKET: PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 32 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
                    TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 34 KEY BUYING CRITERIA FOR END USERS
                    TABLE 23 KEY BUYING CRITERIA, BY END USER
 
6 ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL (Page No. - 80)
    6.1 INTRODUCTION 
           FIGURE 35 ENERGY EFFICIENT MOTOR MARKET SHARE, BY EFFICIENCY LEVEL, 2022
           TABLE 24 MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
    6.2 IE1 
           6.2.1 IDEAL FOR APPLICATIONS THAT DO NOT REQUIRE HIGH ENERGY EFFICIENCY
                    TABLE 25 IE1: ENERGY EFFICIENT MOTORS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 IE2 
           6.3.1 REDUCE ENERGY CONSUMPTION IN EQUIPMENT
                    TABLE 26 IE2: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 IE3 
           6.4.1 USED IN HIGH POWER APPLICATIONS
                    TABLE 27 IE3: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.5 IE4 
           6.5.1 UPGRADE TO IE4 FACILITATES ADDITIONAL ENERGY SAVINGS
                    TABLE 28 IE4: MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.6 IE5 
           6.6.1 IE5 MOTORS OFFER HIGHEST LEVEL OF EFFICIENCY
                    TABLE 29 IE5: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 ENERGY EFFICIENT MOTOR MARKET, BY INSTALLATION TYPE (Page No. - 85)
    7.1 INTRODUCTION 
    7.2 OPEN DRIP PROOF (ODP) MOTOR 
           7.2.1 SUITABLE FOR USE IN RELATIVELY CLEAN AND DRY ENVIRONMENTS
    7.3 TOTALLY ENCLOSED FAN – COOLED (TEFC) MOTOR 
           7.3.1 IDEAL FOR USAGE IN HARSH ENVIRONMENTS
 
8 ENERGY EFFICIENT MOTOR MARKET, BY TYPE (Page No. - 87)
    8.1 INTRODUCTION 
           FIGURE 36 ENERGY EFFICIENT MOTOR MARKET SHARE, BY TYPE, 2022
           TABLE 30 MARKET, BY TYPE, 2021–2028 (USD MILLION)
    8.2 AC MOTORS 
           8.2.1 LESS MAINTENANCE REQUIREMENTS AND EFFICIENT PERFORMANCE TO PROPEL ADOPTION OF AC MOTORS
                    TABLE 31 AC MOTORS: MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.3 DC MOTORS 
           8.3.1 PRECISE SPEED CONTROL AND PERFORMANCE EXPECTED TO DRIVE MARKET
                    TABLE 32 DC MOTORS: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
9 ENERGY EFFICIENT MOTOR MARKET, BY POWER OUTPUT RATING (Page No. - 91)
    9.1 INTRODUCTION 
           FIGURE 37 MARKET, BY POWER OUTPUT RATING, 2022
           TABLE 33 ENERGY EFFICIENT MOTORS MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
    9.2 <1 KW 
           9.2.1 IDEAL FOR RESIDENTIAL AND COMMERCIAL APPLICATIONS
                    TABLE 34 <1 KW: MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.3 1–2.2 KW 
           9.3.1 VERSATILE AND OFFER RELIABILITY IN OPERATIONS
                    TABLE 35 1–2.2 KW: MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.4 2.2–375 KW 
           9.4.1 CAPABLE OF HANDLING HIGHER LOADS AND SUITABLE FOR HEAVY-DUTY APPLICATIONS
                    TABLE 36 2.2–375 KW: MARKET, BY REGION, 2021–2028 (USD MILLION)
    9.5 >375 KW 
           9.5.1 IDEAL FOR CRITICAL APPLICATIONS
                    TABLE 37 >375 KW: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
10 ENERGY EFFICIENT MOTOR MARKET, BY APPLICATION (Page No. - 95)
     10.1 INTRODUCTION 
               FIGURE 38 ENERGY EFFICIENT MOTOR MARKET SHARE, 2022
               TABLE 38 MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
     10.2 HVAC 
             10.2.1 GROWING FOCUS ON REDUCING POWER LOSS IN HVAC SYSTEMS TO PROPEL ADOPTION OF ENERGY-EFFICIENT MOTORS
                       TABLE 39 HVAC: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.3 PUMPS 
             10.3.1 GROWING DEMAND FOR ENERGY-EFFICIENT MOTORS FROM AGRICULTURE AND INDUSTRIAL SECTORS TO ACCELERATE ENERGY EFFICIENT MOTOR MARKET GROWTH
                       TABLE 40 PUMPS: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.4 FANS 
             10.4.1 GROWING ADOPTION OF ENERGY-EFFICIENT MOTOR-BASED FANS IN DEVICES TO AUGMENT ENERGY EFFICIENT MOTOR MARKET GROWTH
                       TABLE 41 FANS: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.5 COMPRESSORS 
             10.5.1 RISING ENERGY EFFICIENCY REQUIREMENTS IN INDUSTRIES TO PROPEL ADOPTION OF ENERGY-EFFICIENT MOTORS IN COMPRESSORS
                       TABLE 42 COMPRESSORS: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.6 REFRIGERATION 
             10.6.1 DEVELOPMENT OF COLD CHAINS TO GENERATE DEMAND FOR ENERGY-EFFICIENT MOTORS
                       TABLE 43 REFRIGERATION: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.7 MATERIAL HANDLING 
             10.7.1 RISING ADOPTION OF MOBILE ROBOTS IN INDUSTRIES TO PROPEL SEGMENTAL LANDSCAPE
                       TABLE 44 MATERIAL HANDLING: MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.8 MATERIAL PROCESSING 
             10.8.1 INCREASING REPLACEMENT OF OBSOLETE INFRASTRUCTURE IN INDUSTRIES TO TRIGGER DEMAND FOR ENERGY-EFFICIENT MOTORS
                       TABLE 45 MATERIAL PROCESSING: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
11 ENERGY EFFICIENT MOTOR MARKET, BY END USER (Page No. - 102)
     11.1 INTRODUCTION 
               FIGURE 39 ENERGY EFFICIENT MOTOR MARKET SHARE, BY END USER, 2022
               TABLE 46 MARKET, BY END USER, 2021–2028 (USD MILLION)
     11.2 INDUSTRIAL 
             11.2.1 NEED TO IMPROVE ENERGY EFFICIENCY, LOWER OPERATING COSTS, AND REDUCE DOWNTIME TO DRIVE ADOPTION OF ENERGY-EFFICIENT MOTORS
                       TABLE 47 INDUSTRIAL: MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.3 COMMERCIAL 
             11.3.1 NEED TO REDUCE MAINTENANCE COSTS TO ACCELERATE ADOPTION OF ENERGY-EFFICIENT MOTORS
                       TABLE 48 COMMERCIAL: MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.4 RESIDENTIAL 
             11.4.1 FOCUS ON REDUCING ENERGY CONSUMPTION AND UTILITY BILLS TO BOOST UPTAKE OF ENERGY-EFFICIENT MOTORS
                       TABLE 49 RESIDENTIAL: MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.5 AUTOMOTIVE 
             11.5.1 GROWING ADOPTION OF ELECTRIC VEHICLES TO GENERATE DEMAND FOR ENERGY-EFFICIENT MOTORS
                       TABLE 50 AUTOMOTIVE: MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.6 AGRICULTURE 
             11.6.1 INCREASING EMPHASIS ON REDUCING OPERATING COSTS IN FARMING TO BOOST CONSUMPTION OF ENERGY-EFFICIENT MOTORS
                       TABLE 51 AGRICULTURE: MARKET, BY REGION, 2021–2028 (USD MILLION)
     11.7 AEROSPACE & DEFENSE 
             11.7.1 NEED TO IMPROVE FUEL EFFICIENCY, REDUCE EMISSIONS, AND INCREASE SYSTEM RELIABILITY TO DRIVE DEMAND FOR ENERGY-EFFICIENT MOTORS
                       TABLE 52 AEROSPACE & DEFENSE: MARKET, BY REGION, 2021–2028 (USD MILLION)
 
12 ENERGY EFFICIENT MOTOR MARKET, BY REGION (Page No. - 107)
     12.1 INTRODUCTION 
               FIGURE 40 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
               FIGURE 41 ENERGY EFFICIENT MOTOR MARKET SHARE, BY REGION, 2022 (%)
               TABLE 53 MARKET, BY REGION, 2021–2028 (USD MILLION)
               TABLE 54 MARKET, BY REGION, 2021–2028 (MILLION UNITS)
     12.2 ASIA PACIFIC 
               FIGURE 42 ASIA PACIFIC: MARKET SNAPSHOT
             12.2.1 ASIA PACIFIC: RECESSION IMPACT
             12.2.2 BY EFFICIENCY LEVEL
                       TABLE 55 ASIA PACIFIC: ENERGY EFFICIENT MOTORS MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
             12.2.3 BY TYPE
                       TABLE 56 ASIA PACIFIC: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             12.2.4 BY POWER OUTPUT RATING
                       TABLE 57 ASIA PACIFIC: MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
             12.2.5 BY END USER
                       TABLE 58 ASIA PACIFIC: MARKET, BY END USER, 2021–2028 (USD MILLION)
             12.2.6 BY APPLICATION
                       TABLE 59 ASIA PACIFIC: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             12.2.7 BY COUNTRY
                       TABLE 60 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       12.2.7.1 China
                                   12.2.7.1.1 Government policies to promote energy efficiency and environmental concerns to drive market
                                                 TABLE 61 CHINA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.2.7.2 Australia
                                   12.2.7.2.1 National Energy Productivity Plan to support market growth
                                                 TABLE 62 AUSTRALIA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.2.7.3 Japan
                                   12.2.7.3.1 Rising focus on carbon neutrality to push market growth
                                                 TABLE 63 JAPAN: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.2.7.4 India
                                   12.2.7.4.1 Ongoing industrialization to induce demand for energy-efficient motors
                                                 TABLE 64 INDIA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.2.7.5 South Korea
                                   12.2.7.5.1 Strategic energy efficiency policies introduced by government to drive market
                                                 TABLE 65 SOUTH KOREA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.2.7.6 Rest of Asia Pacific
                                   TABLE 66 REST OF ASIA PACIFIC: MARKET, BY END USER, 2021–2028 (USD MILLION)
     12.3 NORTH AMERICA 
             12.3.1 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT
             12.3.2 BY EFFICIENCY LEVEL
                       TABLE 67 NORTH AMERICA: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
             12.3.3 BY TYPE
                       TABLE 68 NORTH AMERICA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             12.3.4 BY POWER OUTPUT RATING
                       TABLE 69 NORTH AMERICA: MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
             12.3.5 BY END USER
                       TABLE 70 NORTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
             12.3.6 BY APPLICATION
                       TABLE 71 NORTH AMERICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             12.3.7 BY COUNTRY
                       TABLE 72 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       12.3.7.1 US
                                   12.3.7.1.1 Energy efficiency standards and regulation across sectors to boost market
                                                 TABLE 73 US: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.3.7.2 Canada
                                   12.3.7.2.1 Stringent energy efficiency regulations and growing automotive sector to fuel market growth
                                                 TABLE 74 CANADA: MARKET, BY END USER 2021–2028 (USD MILLION)
                       12.3.7.3 Mexico
                                   12.3.7.3.1 Energy efficiency programs under NAMA to accelerate market growth
                                                 TABLE 75 MEXICO: MARKET, BY END USER, 2021–2028 (USD MILLION)
     12.4 EUROPE 
               FIGURE 44 EUROPE: MARKET SNAPSHOT
             12.4.1 EUROPE: RECESSION IMPACT
             12.4.2 BY EFFICIENCY LEVEL
                       TABLE 76 EUROPE: ENERGY EFFICIENT MOTORS MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
             12.4.3 BY POWER OUTPUT RATING
                       TABLE 77 EUROPE: MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
             12.4.4 BY TYPE
                       TABLE 78 EUROPE: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             12.4.5 BY APPLICATION
                       TABLE 79 EUROPE: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             12.4.6 BY END USER
                       TABLE 80 EUROPE: MARKET, BY END USER, 2021–2028 (USD MILLION)
             12.4.7 BY COUNTRY
                       TABLE 81 EUROPE: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       12.4.7.1 UK
                                   12.4.7.1.1 Expanding aerospace & defense industry to drive market
                                                 TABLE 82 UK: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.2 Germany
                                   12.4.7.2.1 Flourishing industrial sector and emission reduction targets to bolster adoption of energy-efficient motors
                                                 TABLE 83 GERMANY: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.3 France
                                   12.4.7.3.1 Decarbonization policies to propel adoption of energy-efficient motors
                                                 TABLE 84 FRANCE: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.4 Italy
                                   12.4.7.4.1 Rising electric vehicle adoption to create demand for energy-efficient motors
                                                 TABLE 85 ITALY: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.5 Spain
                                   12.4.7.5.1 Growing energy efficiency targets to propel market
                                                 TABLE 86 SPAIN: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.6 Poland
                                   12.4.7.6.1 Growing investments in industrial sector to create demand for energy-efficient motors
                                                 TABLE 87 POLAND: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.4.7.7 Rest of Europe
                                   TABLE 88 REST OF EUROPE: MARKET, BY END USER, 2021–2028 (USD MILLION)
     12.5 MIDDLE EAST & AFRICA 
             12.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
             12.5.2 BY EFFICIENCY LEVEL
                       TABLE 89 MIDDLE EAST & AFRICA: ENERGY EFFICIENT MOTOR MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
             12.5.3 BY TYPE
                       TABLE 90 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             12.5.4 BY POWER OUTPUT RATING
                       TABLE 91 MIDDLE EAST & AFRICA: MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
             12.5.5 BY END USER
                       TABLE 92 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
             12.5.6 BY APPLICATION
                       TABLE 93 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             12.5.7 BY COUNTRY
                       TABLE 94 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       12.5.7.1 Saudi Arabia
                                   12.5.7.1.1 Government energy efficiency programs to augment market growth
                                                 TABLE 95 SAUDI ARABIA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.2 UAE
                                   12.5.7.2.1 Increasing energy consumption and need to achieve net-zero targets to foster market growth
                                                 TABLE 96 UAE: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.3 Turkey
                                   12.5.7.3.1 Growing initiatives to improve energy efficiency in various sectors to bolster market growth
                                                 TABLE 97 TURKEY: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.4 South Africa
                                   12.5.7.4.1 Supportive energy efficiency regulations to favor market expansion
                                                 TABLE 98 SOUTH AFRICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.5 Egypt
                                   12.5.7.5.1 Government initiatives to improve industrial energy efficiency to fuel market growth
                                                 TABLE 99 EGYPT: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.6 Qatar
                                   12.5.7.6.1 Energy efficiency and conservation programs to encourage market growth
                                                 TABLE 100 QATAR: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.7 Israel
                                   12.5.7.7.1 Energy efficiency labeling mandates and net-zero targets in various sectors to induce demand for energy-efficient motors
                                                 TABLE 101 ISRAEL: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.5.7.8 Rest of Middle East & Africa
                                   TABLE 102 REST OF MIDDLE EAST & AFRICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
     12.6 SOUTH AMERICA 
             12.6.1 SOUTH AMERICA: RECESSION IMPACT
             12.6.2 BY EFFICIENCY LEVEL
                       TABLE 103 SOUTH AMERICA: ENERGY EFFICIENT MOTORS MARKET, BY EFFICIENCY LEVEL, 2021–2028 (USD MILLION)
             12.6.3 BY POWER OUTPUT RATING
                       TABLE 104 SOUTH AMERICA: MARKET, BY POWER OUTPUT RATING, 2021–2028 (USD MILLION)
             12.6.4 BY TYPE
                       TABLE 105 SOUTH AMERICA: MARKET, BY TYPE, 2021–2028 (USD MILLION)
             12.6.5 BY APPLICATION
                       TABLE 106 SOUTH AMERICA: MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             12.6.6 BY END USER
                       TABLE 107 SOUTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
             12.6.7 BY COUNTRY
                       TABLE 108 SOUTH AMERICA: MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                       12.6.7.1 Brazil
                                   12.6.7.1.1 Growing aerospace & defense industry to drive market
                                   TABLE 109 BRAZIL: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.6.7.2 Argentina
                                   12.6.7.2.1 Rising production of electronic equipment to propel market landscape
                                   TABLE 110 ARGENTINA: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.6.7.3 Chile
                                   12.6.7.3.1 Flourishing industrial sector to accelerate market growth
                                   TABLE 111 CHILE: MARKET, BY END USER, 2021–2028 (USD MILLION)
                       12.6.7.4 Rest of South America
                                   TABLE 112 REST OF SOUTH AMERICA: MARKET, BY END USER, 2021–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 148)
     13.1 KEY PLAYER STRATEGIES 
               TABLE 113 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF ENERGY-EFFICIENT MOTORS
     13.2 ENERGY EFFICIENT MOTOR MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021 
               FIGURE 45 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS IN MARKET, 2021
               TABLE 114 ENERGY EFFICIENT MOTORS MARKET: DEGREE OF COMPETITION
     13.3 ENERGY EFFICIENT MOTOR MARKET SHARE ANALYSIS, 2021 
               FIGURE 46 ENERGY EFFICIENT MOTORS MARKET SHARE ANALYSIS, 2021
     13.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 
               FIGURE 47 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN MARKET FROM 2017 TO 2021
     13.5 COMPANY EVALUATION QUADRANT 
             13.5.1 STARS
             13.5.2 PERVASIVE PLAYERS
             13.5.3 EMERGING LEADERS
             13.5.4 PARTICIPANTS
                       FIGURE 48 MARKET (GLOBAL): KEY COMPANY EVALUATION QUADRANT, 2021
     13.6 START-UPS/SMES EVALUATION QUADRANT 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                       FIGURE 49 MARKET: START-UPS/SMES EVALUATION QUADRANT, 2021
     13.7 COMPETITIVE BENCHMARKING 
               TABLE 115 ENERGY EFFICIENT MOTORS MARKET: DETAILED LIST OF KEY START-UPS/SMES
               TABLE 116 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     13.8 ENERGY EFFICIENT MOTORS MARKET: COMPANY FOOTPRINT 
               TABLE 117 POWER OUTPUT RATING: COMPANY FOOTPRINT
               TABLE 118 EFFICIENCY LEVEL: COMPANY FOOTPRINT
               TABLE 119 APPLICATION: COMPANY FOOTPRINT
               TABLE 120 REGION: COMPANY FOOTPRINT
               TABLE 121 COMPANY FOOTPRINT
     13.9 COMPETITIVE SCENARIOS AND TRENDS 
               TABLE 122 ENERGY EFFICIENT MOTORS MARKET: PRODUCT LAUNCHES, NOVEMBER 2020–MAY 2022
               TABLE 123 MARKET: DEALS, JULY 2019–OCTOBER 2022
               TABLE 124 MARKET: OTHERS, JULY 2021–FEBRUARY 2022
 
14 COMPANY PROFILES (Page No. - 164)
     14.1 KEY PLAYERS 
(Business Overview, Products/Solutions offered, Recent Developments, MnM View)*
             14.1.1 ABB
                       TABLE 125 ABB: COMPANY OVERVIEW
                       FIGURE 50 ABB: COMPANY SNAPSHOT
                       TABLE 126 ABB: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 127 ABB: PRODUCT LAUNCHES
                       TABLE 128 ABB: DEALS
                       TABLE 129 ABB: OTHERS
             14.1.2 SIEMENS
                       TABLE 130 SIEMENS: COMPANY OVERVIEW
                       FIGURE 51 SIEMENS: COMPANY SNAPSHOT
                       TABLE 131 SIEMENS: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 132 SIEMENS: PRODUCT LAUNCHES
                       TABLE 133 SIEMENS: DEALS
                       TABLE 134 SIEMENS: OTHERS
             14.1.3 WEG
                       TABLE 135 WEG: COMPANY OVERVIEW
                       FIGURE 52 WEG: COMPANY SNAPSHOT
                       TABLE 136 WEG: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 137 WEG: PRODUCT LAUNCHES
                       TABLE 138 WEG: DEALS
                       TABLE 139 WEG: OTHERS
             14.1.4 WOLONG ELECTRIC GROUP CO., LTD
                       TABLE 140 WOLONG ELECTRIC GROUP CO., LTD: COMPANY OVERVIEW
                       TABLE 141 WOLONG ELECTRIC GROUP CO., LTD: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 142 WOLONG ELECTRIC GROUP CO., LTD: OTHERS
             14.1.5 NIDEC CORPORATION
                       TABLE 143 NIDEC CORPORATION: COMPANY OVERVIEW
                       FIGURE 53 NIDEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 144 NIDEC CORPORATION: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 145 NIDEC CORPORATION: PRODUCT LAUNCHES
                       TABLE 146 NIDEC CORPORATION: OTHERS
             14.1.6 ROCKWELL AUTOMATION
                       TABLE 147 ROCKWELL AUTOMATION: COMPANY OVERVIEW
                       FIGURE 54 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                       TABLE 148 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS OFFERED
             14.1.7 CG POWER AND INDUSTRIAL SOLUTIONS LTD.
                       TABLE 149 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW
                       FIGURE 55 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT
                       TABLE 150 CG POWER AND INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS OFFERED
             14.1.8 REGAL REXNORD CORPORATION
                       TABLE 151 REGAL REXNORD CORPORATION: COMPANY OVERVIEW
                       FIGURE 56 REGAL REXNORD CORPORATION: COMPANY SNAPSHOT
                       TABLE 152 REGAL REXNORD CORPORATION: PRODUCTS/SOLUTIONS OFFERED
             14.1.9 TOSHIBA CORPORATION
                       TABLE 153 TOSHIBA CORPORATION: COMPANY OVERVIEW
                       FIGURE 57 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                       TABLE 154 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS OFFERED
             14.1.10 BHARAT BIJLEE
                       TABLE 155 BHARAT BIJLEE: BUSINESS OVERVIEW
                       FIGURE 58 BHARAT BIJLEE: COMPANY SNAPSHOT, 2021
                       TABLE 156 BHARAT BIJILEE: PRODUCTS/SOLUTIONS OFFERED
                       TABLE 157 BHARAT BIJILEE: PRODUCT LAUNCHES
                       TABLE 158 BHARAT BIJILEE: OTHERS
             14.1.11 KIRLOSKAR ELECTRIC
                       TABLE 159 KIRLOSKAR ELECTRIC: COMPANY OVERVIEW
                       FIGURE 59 KIRLOSKAR ELECTRIC: COMPANY SNAPSHOT
                       TABLE 160 KIRLOSKAR ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
             14.1.12 HOYER MOTORS
                       TABLE 161 HOYER MOTORS: COMPANY OVERVIEW
                       TABLE 162 HOYER MOTORS: PRODUCTS/SOLUTIONS OFFERED
             14.1.13 OME MOTORS
                       TABLE 163 OME MOTORS: COMPANY OVERVIEW
                       TABLE 164 OME MOTORS: PRODUCTS/SOLUTIONS OFFERED
             14.1.14 EC FANS AND DRIVES
                       TABLE 165 EC FANS AND DRIVES: COMPANY OVERVIEW
                       TABLE 166 EC FANS AND DRIVES: PRODUCTS/SOLUTIONS OFFERED
             14.1.15 INTEGRATED ELECTRIC CO., PVT. LTD.
                       TABLE 167 INTEGRATED ELECTRIC CO., PVT. LTD.: COMPANY OVERVIEW
                       TABLE 168 INTEGRATED ELECTRIC CO., PVT. LTD.: PRODUCTS/SOLUTIONS OFFERED
             14.1.16 HAVELLS
             14.1.17 MITSUBISHI ELECTRIC
             14.1.18 ELEKTRIM MOTORS
             14.1.19 SHANGHAI TOP MOTOR CO., LTD.
             14.1.20 MENZEL ELEKTROMOTOREN GMBH
*Details on Business Overview, Products/Solutions offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
 
15 APPENDIX (Page No. - 207)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 

The study involved major activities in estimating the current energy efficient motor market size. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the global energy efficient motor market. The other secondary sources included annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The energy efficient motor market comprises several stakeholders such as energy efficient motor manufacturers, manufacturers of components of energy efficient motor infrastructure, technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for energy efficient motor in the nations to reduce the energy consumption and move towards the goal of decarbonization. The supply side is characterized by rising demand for contracts from the industries, and mergers and acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Energy Efficient Motor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Energy Efficient Motor Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total energy efficient motor market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s value chain and energy efficient motor market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Energy Efficient Motor Market Size: Bottom-up Approach

Energy Efficient Motor Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall energy efficient motor market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, segment, and forecast the energy efficient motor market size, by installation type,type, power output rating, efficiency level, end user, application
  • To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To strategically analyze the energy efficient motors market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments such as new product developments, contracts & agreements, investments & expansions, and mergers & acquisitions in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Geographic Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
Mar, 2023
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