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
The energy efficient motor 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 market based on efficiency level, type, vertical, application, and geography. The report provides detailed information regarding the major factors influencing the growth of the market. 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 market is likely to witness high growth in the coming years.
Selected Market Dynamics in Energy Efficient Motor Market
Rising need to diminish greenhouse effect
The growing need for diminishing the greenhouse effect is fueling the demand for the energy-efficient solutions, which would drive the growth of the energy efficient motor market. With the growing awareness about energy conservation, the companies are opting for eco-friendly solutions for their technologies and processes. Switching to energy-efficient solutions is one of the important factors which help reduce the greenhouse gas emissions arising from the electricity generated from fossil fuel.
The abovementioned factors are propelling the industrial end users to switch from general motors to energy efficient motors. This would enable countries to conserve natural energy resources and significantly reduce greenhouse gases and harmful emissions. Moreover, the adoption of energy efficient motors also saves money for end users by reducing the energy consumption. This trend would remain same during the forecast period.
High purchasing price of super premium efficiency (IE4) motors
The initial or the purchase prices of the energy efficient motors are higher than the ordinary motors. The higher price of the IE4 motors is due to the use of high-quality materials and optimization of assembly and design of these motors to achieve higher efficiencies. Large-diameter copper wires and more quantity of aluminum are used in rotors of these motors to reduce the resistance losses. An optimized cooling fan is also used to reduce the winding losses. The use of the high-quality, expensive materials increases the overall cost of this type of motors. The high purchase price is one of the major restraints as this refrains the small-scale manufacturers from adopting these motors in their plants. This is also expected to lead to the smallest share of the IE4 motors during the forecast period.
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 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.
To know about the assumptions considered for the study, download the pdf brochure
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).
Scope of the Report:
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Report Metric |
Details |
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Report Name |
Energy Efficient Motor Market |
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Base year |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value in terms of USD million and billion |
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Segments covered |
Product, System Type, Software & Services, Function, Industry, and Region |
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Geographic regions covered |
North America, APAC, Europe, and RoW |
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Companies covered |
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 25 years for prioritizing efforts and investments.
Scope of the report:
This research report categorizes the overall 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 companys 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
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 market during the forecast period.
This report segments the market on the basis of efficiency level, type, vertical, application, and geography. The pumps application accounted for the largest share of the 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 market as the pumps are the major consumer of electricity in the industrial sector.
The AC motors accounted for a larger share of the 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 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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Table of Content
1 Introduction
1.1 Study Objective
1.2 Definition
1.3 Study Scope
1.3.1 Market Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitation
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Secondary sources
2.3 Primary Data
2.3.1 Primary sources
2.3.2 Key industry insights
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Market Breakdown and Data Triangulation
2.6 Research Assumptions
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
6 Industry Trends
6.1 Value Chain Analysis
6.2 Key market growth trends
6.3 Types of losses in motors
6.4 Comparison between standard motor and energy efficient motor
6.5 Select standards for motors in industrial environment
7 Energy Efficient Motor Market, By Installation Type
7.1 Introduction
7.2 Open Drip Proof (ODP) Motor
7.3 Totally Enclosed Fan Cooled (TEFC) Motor
8 Energy Efficient Motor Market, By Efficiency level
8.1 Introduction
8.2 IE4
8.3 IE3
8.4 IE2
8.5 IE1
9 Energy Efficient Motor Market, By Motor Type
9.1 Introduction
9.2 AC Motors
9.2.1 Induction Motors
9.2.2 Synchronous Motors
9.3 DC Motors
9.3.1 Brushed DC motors
9.3.2 Brushless DC motors
10 Energy Efficient Motor Market, By Application
10.1 Introduction
10.2 Heating, Ventilation, and Air Conditioning
10.3 Pumps
10.4 Fans
10.5 Compressors
10.6 Refrigeration
10.7 Material handling
10.8 Material processing
11 Energy Efficient Motor Market, By End-Use Vertical
11.1 Introduction
11.2 Residential
11.3 Transportation
11.3.1 Automotive
11.3.2 Railways
11.3.3 Marine
11.4 Agriculture
11.5 Aerospace and defense
11.6 Commercial buildings
11.6.1 Retail
11.6.2 Cold Storage and Warehouse
11.6.3 Information Technology Park
11.6.4 Banking and Financial Institutions
11.6.5 Hospitals
11.6.6 Others (Educational Institutions, Hospitality)
11.7 Industrial
12 Energy Efficient Motor Market, By Geography
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 U.K.
12.2.3 France
12.2.4 Rest of Europe
12.3 Asia-pacific (APAC)
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.4 RoW
12.4.1 Latin America
12.4.2 Middle East & Africa
13 Competitive Landscape
13.1 Introduction
13.2 Ranking analysis of players in market
13.3 Competitive Situations and Trends
13.4 Competitive Leadership Mapping
13.4.1 Visionary leaders
13.4.2 Dynamic differentiators
13.4.3 Innovators
13.4.4 Emerging companies
14 Company Profile
14.1 ABB Ltd.
14.2 WEG
14.3 Crompton Greaves
14.4 General Electric
14.5 Kirloskar Electric Company Ltd.
14.6 Regal Beloit Corporation
14.7 Schneider Electric SE
14.8 Siemens AG
14.9 Nidec
14.10 Rockwell
14.11 Bosch Rexroth
14.12 Havells
14.13 Maxon Motor
14.14 Brook Crompton
15 Appendix
List of Tables (101 Tables)
Table 1 Funding Schemes From Different Governments for Energy Efficiency Program
Table 2 Energy Efficients Motor Market, By Efficiency Level ,20162024 (USD Billion)
Table 3 Market, By Efficiency Level ,20162024 (Million Units)
Table 4 Market, By Type, 20152024 (USD Billion)
Table 5 Market, By Type, 20152024 (Million Units)
Table 6 Market for AC Motors, By Motor Type ,20152024 (USD Billion)
Table 7 Market for AC Motors, By Application ,20162024 (USD Billion)
Table 8 Market for AC Motors, By Vertical ,20162024 (USD Billion)
Table 9 Market for AC Motors, By Region ,20162024 (USD Billion)
Table 10 Energy Efficients Motor Market for Induction AC Motors, By Vertical, 20162024 (USD Billion)
Table 11 Market for Induction AC Motors, By Region, 20162024 (USD Billion)
Table 12 Market for Synchronous AC Motors ,By Vertical, 20162024 (USD Billion)
Table 13 Market for Synchronous AC Motors ,By Region, 20162024 (USD Billion)
Table 14 Market for DC Motors, By Motor Type ,20162024 (USD Billion)
Table 15 Market for DC Motors, By Application ,20162024 (USD Billion)
Table 16 Market for DC Motors, By Vertical ,20162024 (USD Billion)
Table 17 Market for DC Motors, By Region ,20162024 (USD Billion)
Table 18 Energy Efficients Motor Market for Brushed DC Motors, By Application, 20162024 (USD Billion)
Table 19 Market for Brushed DC Motors, By Vertical, 20162024 (USD Billion)
Table 20 Market for Brushed DC Motors, By Region, 20162024 (USD Billion)
Table 21 Market for Brushless DC Motors, By Application, 20162024 (USD Billion)
Table 22 Market for Brushless DC Motors, By Vertical, 20162024 (USD Billion)
Table 23 Market for Brushless DC Motors, By Region, 20162024 (USD Billion)
Table 24 Market, By Application, 20162024 (USD Billion)
Table 25 Market, By Application ,20162024 (Million Units)
Table 26 Market for Pumps, By Region ,20162024 (USD Billion)
Table 27 Market for Pumps, By Type ,20162024 (USD Billion)
Table 28 Market for Fans, By Region ,20162024 (USD Billion)
Table 29 Market for Fans, By Type ,20162024 (USD Billion)
Table 30 Energy Efficients Motor Market for Compressors, By Region ,20162024 (USD Billion)
Table 31 Market for Compressors, By Type ,20162024 (USD Billion)
Table 32 Market for Refrigeration, By Region ,20162024 (USD Billion)
Table 33 Market for Refrigeration, By Type ,20162024 (USD Billion)
Table 34 Market for Material Handling, By Region, 20162024 (USD Billion)
Table 35 Market for Material Handling, By Type ,20162024 (USD Billion)
Table 36 Market for Material Processing, By Region, 20162024 (USD Billion)
Table 37 Market for Material Processing, By Type, 20162024 (USD Billion)
Table 38 Market for HVAC, By Region ,20162024 (USD Billion)
Table 39 Market for HVAC, By Type ,20162024 (USD Billion)
Table 40 Market, By Vertical, 20162024 (USD Billion)
Table 41 Market, By Vertical, 20162024 (Million Units)
Table 42 Energy Efficients Motor Market for Industrial Vertical, By Type ,20162024 (USD Billion)
Table 43 Market for Industrial Vertical, By AC Motor Type, 20162024 (USD Billion)
Table 44 Market for Industrial Vertical, By DC Motor Type, 20162024 (USD Billion)
Table 45 Market for Industrial Vertical, By Region, 20162024 (USD Billion)
Table 46 Market for Commercial Building Vertical ,By Type, 20162024 (USD Billion)
Table 47 Market for Commercial Building Vertical ,By AC Motoe Type, 20162024 (USD Billion)
Table 48 Market for Commercial Building Vertical ,By DC Motor Type, 20162024 (USD Billion)
Table 49 Market for Commercial Building Vertical ,By Region, 20162024 (USD Billion)
Table 50 Energy Efficients Motor Market for Residential, By Type ,20162024 (USD Billion)
Table 51 Market for Residential, By AC Motor Type ,20162024 (USD Billion)
Table 52 Market for Residential, By DC Motor Type ,20162024 (USD Billion)
Table 53 Market for Residential, By Region ,20162024 (USD Billion)
Table 54 Market for Automotive Vertical, By Type ,20162024 (USD Billion)
Table 55 Market for Automotive Vertical, By AC Motor Type, 20162024 (USD Billion)
Table 56 Market for Automotive Vertical, By DC Motor Type, 20162024 (USD Billion)
Table 57 Market for Automotive Vertical, By Region, 20162024 (USD Billion)
Table 58 Market for Agriculture Vertical, By Type, 20162024 (USD Billion)
Table 59 Market for Agriculture Vertical, By AC Motor Type, 20162024 (USD Billion)
Table 60 Market for Agriculture Vertical, By DC Motor Type, 20162024 (USD Billion)
Table 61 Market for Agriculture, By Region ,20162024 (USD Billion)
Table 62 Market for Aerospace and Defense Vertical ,By Type, 20162024 (USD Billion)
Table 63 Market for Aerospace and Defense Vertical ,By AC Motor Type, 20162024 (USD Billion)
Table 64 Market for Aerospace and Defense Vertical ,By DC Motor Type, 20162024 (USD Billion)
Table 65 Market for Aerospace and Defense, By Region, 20162024 (USD Billion)
Table 66 Market, By Region, 20162024 (USD Billion)
Table 67 Market, By Region, 20162024 (Million Units)
Table 68 Energy Efficients Motor Market in North America, By Country ,20162024 (USD Billion)
Table 69 Market in North America, By Type ,20162024 (USD Billion)
Table 70 Market in North America, By Vertical ,20162024 (USD Billion)
Table 71 Market in North America, By Application ,20162024 (USD Billion)
Table 72 Market in US, By Vertical ,20162024 (USD Million)
Table 73 Market in Canada, By Vertical ,20162024 (USD Million)
Table 74 Market in Mexico, By Vertical ,20162024 (USD Million)
Table 75 Market in Europe, By Country ,20162024 (USD Billion)
Table 76 Market in Europe, By Type ,20162024 (USD Billion)
Table 77 Market in Europe, By Vertical ,20162024 (USD Billion)
Table 78 Market in Europe, By Application ,20162024 (USD Billion)
Table 79 Market in Germany, By Vertical ,20162024 (USD Million)
Table 80 Market in UK, By Vertical ,20162024 (USD Million)
Table 81 Market in France, By Vertical ,20162024 (USD Million)
Table 82 Market in Rest of Europe, By Vertical ,20162024 (USD Million)
Table 83 Energy Efficients Motor Market in APAC, By Country ,20162024 (USD Billion)
Table 84 Market in APAC, By Type ,20162024 (USD Billion)
Table 85 Market in APAC, By Vertical ,20162024 (USD Billion)
Table 86 Market in APAC, By Application ,20162024 (USD Billion)
Table 87 Market in China, By Vertical ,20162024 (USD Million)
Table 88 Market in Japan, By Vertical ,20162024 (USD Million)
Table 89 Market in India, By Vertical ,20162024 (USD Million)
Table 90 Market in Rest of APAC, By Vertical ,20162024 (USD Million)
Table 91 Market in RoW, By Region ,20162024 (USD Billion)
Table 92 Market in RoW, By Type ,20162024 (USD Billion)
Table 93 Market in RoW, By Vertical ,20162024 (USD Billion)
Table 94 Market in RoW, By Application ,20162024 (USD Million)
Table 95 Market in Middle East & Africa, By Vertical, 20162024 (USD Million)
Table 96 Market in South America, By Vertical ,20162024 (USD Million)
Table 97 Ranking Analysis of Key Players in Energy Efficients Motor Market, 2018
Table 98 Product Launches and Developments, 20162018
Table 99 Agreements, Partnerships, and Collaborations, 20162018
Table 100 Acquisitions, 20162018
Table 101 Expansions, 20162018
List of Figures (38 Figures)
Figure 1 Markets Covered
Figure 2 Energy Efficients 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 Market During Forecast Period
Figure 9 AC Motors to Hold Larger Size of Market By 2023
Figure 10 Energy Efficients 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 20182023
Figure 12 AC Motors to Hold Larger Size of Market for Industrial Vertical During Forecast Period
Figure 13 Pumps Application to Held Largest Share of Market in APAC in 2017
Figure 14 Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 15 Market for Automotive Vertical to Grow at Highest CAGR Between 2018 and 2023
Figure 16 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, 20142016
Figure 20 Commercial Building Vertical: Electricity Sales, 20112016
Figure 21 Residential Vertical: Electricity Sales, 20122016
Figure 22 Market: Geographic Snapshot
Figure 23 Snapshot of Energy Efficients Motor Market in North America
Figure 24 Snapshot of Market in Europe
Figure 25 Snapshot of 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
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Growth opportunities and latent adjacency in Energy Efficient Motor Market
Hello, I hope this finds you well. I am exploring research on two-digit frame size electric motors in the range of less than 1 hp, to 5 hp. As such, I have some follow-up questions related to the Markets and Markets Energy Efficient Motors Market Study: 1. To what level of detail does the research report categorize AC and DC induction and synchronous motors? E.g., how does Markets and Markets disaggregate motor products beyond the following products: (Synchronous (Reluctance, Permanent Magnet), Asynchronous (Squirrel Cage, Wound Rotor), DC Motor (Brushless, Brushed)). 2. Does Markets and Markets publish a related study, just concentrated on the U.S. Market? If not, is it possible to only purchase select chapters related to the U.S. Market? 3, Are market shipments data provided in dollar investment value or in quantity? 4. Does the study include further analyses on each motor product, e.g. pole configuration, enclosure type? 5. What are the major sources that Markets and Markets references to make analyses? Many thanks, Erica
Hello, I want to buy a study on technical analysis of kinds of motors with various power loads and what is the market potential of these motors for different power. Also, let me know if you can cover comparative information of performance of these energy efficient motors with v.f.d.s with respect to that with conventional motors.
We have specific interest of Line Start IE4 Motors as per IEC 60034-30-1 July14. I would like to know who are the manufacturers of these motors and what are its types? I am keen to understand the compliance requirement in APAC region for industrial motors, especially for harsh environment.
I'd like a sample (and chart) from the report for publishing on our news site - something of interest to energy managers who want to find energy efficient motors. The market opportunity in number, trends, and key player sample data will be helpful for understanding your report structure.
We are trying to penetrate the industrial market in China with motors specific to manufacturing plants. Will this report help us understand the opportunity in China? But We haven't established the company and have no income from the region. Could we get the partial data from the report as we are low on budget? Thanks for your time. Best regards.