Energy Efficient Motor Market Size, Share, Trends, Growth Outlook

The Global Energy Efficient Motor Market Size is estimated to register 7.1% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by the increasing consumer awareness and demand for energy-efficient appliances, vehicles, and machinery are influencing manufacturers to use energy-efficient motors in their products. Leading Companies that are focusing on Continued Growth, Regulatory Support, Green Building Practices, Electric Vehicles (EVs), Agriculture and Water Management, Environmental Concerns, and others to boost market shares in the industry.

Market Overview

The Energy Efficient Motor Market encompasses the production and supply of electric motors designed to operate with higher energy efficiency, driven by strict regulations, the need for energy cost savings, and environmental concerns. It includes various motor types, such as IEC standard and NEMA premium motors, and is segmented by application across residential, commercial, and industrial sectors. Notable trends include IoT integration, smart grid development, and the growing role of energy-efficient motors in renewable energy and electric vehicle infrastructure. Key players include ABB, Siemens, Schneider Electric, Nidec, and WEG Electric. While challenges like initial costs persist, the market is expected to grow as global efforts to reduce energy consumption and promote sustainability continue to drive demand.

 

Market Dynamics

Market Trends - The growth of energy service companies (ESCOs) is driving demand for energy-efficient motors.

The growth of energy service companies (ESCOs) is a significant driver for the Energy Efficient Motor Market. ESCOs are increasingly promoting the adoption of energy-efficient motors across various industries, thanks to their expertise in identifying energy-saving opportunities and offering comprehensive solutions to improve energy efficiency. By partnering with ESCOs, businesses can access the knowledge and services needed to implement energy-efficient motor solutions, thereby reducing energy consumption and operational costs, aligning with sustainability goals, and complying with energy efficiency regulations.

 

Market Driver- The integration of Industry 4.0 and the Industrial Internet of Things (IIoT) is creating new demand for energy-efficient motors.

The integration of Industry 4.0 and the Industrial Internet of Things (IIoT) is a prominent driver for the Energy Efficient Motor Market, leading to increased demand for these motors. In smart factories and industrial automation, energy-efficient motors play a pivotal role by enabling enhanced efficiency, data-driven optimization, predictive maintenance, and remote monitoring and control, aligning with the evolving technological landscape of Industry 4.0 and IIoT. This integration empowers industries to reduce energy consumption, enhance productivity, and improve sustainability, further fueling the adoption of energy-efficient motors in various applications and sectors.

 

Market Opportunity- The introduction of new technologies is driving the growth of the market

The Energy Efficient Motor Market is experiencing growth due to the introduction of innovative technologies. These advancements encompass improvements in motor design, materials, and control systems, resulting in motors that offer higher energy efficiency while maintaining or enhancing performance. This technological progress not only meets the growing demand for sustainable solutions but also supports industries and consumers in their efforts to reduce energy consumption, operating costs, and environmental impact.

 

Market Share Analysis- The premium-IE3 Energy Efficient Motor Market will register the fastest growth

The Global Energy Efficient Motor Market is analyzed across Standard-IE1, High-IE2, Premium-IE3, Super premium-IE4, and others. Premium-IE3 is poised to register the fastest growth. The premium IE3 Energy Efficient Motor Market focuses on high-efficiency electric motors meeting IE3 standards, known for their superior energy efficiency. This market encompasses manufacturing, distribution, and usage of IE3 motors in various sectors, driven by energy efficiency regulations, cost savings, and sustainability concerns, aiming to reduce energy consumption and environmental impact.

 

Market Share Analysis- PUMPS held a significant market share in 2023

The Global Energy Efficient Motor Market is analyzed across various applications including HVAC, PUMPS, Fans, Compressed Air, Refrigeration, Material Handling, Material Processing, and others. Of these, PUMPS held a significant market share in 2023. Pumps are integral in the Energy Efficient Motor Market, serving essential roles across industries like water treatment, HVAC, manufacturing, and agriculture. Energy-efficient motors are widely adopted to drive pumps, providing enhanced efficiency that reduces energy costs and aligns with sustainability goals, influenced by energy regulations and the imperative to optimize fluid handling while minimizing environmental impact.

 

Energy Efficient Motor Market Segmentation

By Type

• Standard-IE1
• High-IE2
• Premium-IE3
• Super premium-IE4

By Application

• HVAC
• PUMPS
• Fans
• Compressed Air
• Refrigeration
• Material Handling
• Material Processing

By Product Type

• Synchronous Motor
• Asynchronous Motor
• DC Motor

By End User

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

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Energy Efficient Motor Market Companies

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

 

*List not exhaustive

 

Energy Efficient Motor Market Outlook 2023

1 Market Overview

1.1 Introduction to the Energy Efficient Motor Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Energy Efficient Motor Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Energy Efficient Motor Market Companies with Area Served

4.2.2 Products Offerings Global Energy Efficient Motor Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Energy Efficient Motor Market Trends

6.1 Global Energy Efficient Motor Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Energy Efficient Motor Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Energy Efficient Motor Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Energy Efficient Motor Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Energy Efficient Motor Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Energy Efficient Motor Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Energy Efficient Motor Development Regional Status and Outlook

8.1 Global Energy Efficient Motor Revenue (USD Million) By Regions (2018-2022)

8.2 North America Energy Efficient Motor Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Energy Efficient Motor Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Energy Efficient Motor Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Energy Efficient Motor Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Energy Efficient Motor Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Energy Efficient Motor Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

8.5 South America Energy Efficient Motor Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Energy Efficient Motor Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Energy Efficient Motor Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Energy Efficient Motor Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Energy Efficient Motor Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Energy Efficient Motor Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Energy Efficient Motor Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Energy Efficient Motor Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Energy Efficient Motor Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Energy Efficient Motor Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Energy Efficient Motor Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Energy Efficient Motor Development Regional Status and Outlook Forecast

11.1 Global Energy Efficient Motor Revenue (USD Million) By Regions (2023-2030)

11.2 North America Energy Efficient Motor Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Energy Efficient Motor Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Energy Efficient Motor Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Energy Efficient Motor Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Energy Efficient Motor Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Energy Efficient Motor Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Energy Efficient Motor Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Energy Efficient Motor Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Energy Efficient Motor Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Energy Efficient Motor Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Energy Efficient Motor Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Energy Efficient Motor Revenue (USD Million), by Applications (2023-2030)

11.5 South America Energy Efficient Motor Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Energy Efficient Motor Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Energy Efficient Motor Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Energy Efficient Motor Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Energy Efficient Motor Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Energy Efficient Motor Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Energy Efficient Motor Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Energy Efficient Motor Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Energy Efficient Motor Market Companies with Areas Served

Table 3 Products Offerings Global Energy Efficient Motor Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Energy Efficient Motor Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Energy Efficient Motor Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Energy Efficient Motor Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 11 Global Energy Efficient Motor Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Energy Efficient Motor Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Energy Efficient Motor Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Energy Efficient Motor Market Share (%) By Regions (2018-2022)

Table 16 North America Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Table 17 North America Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 18 North America Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Table 26 South America Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 27 South America Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 33 Global Energy Efficient Motor Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Energy Efficient Motor Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Energy Efficient Motor Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Energy Efficient Motor Revenue (USD)By Country (2023-2030)

Table 38 North America Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 39 North America Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Table 47 South America Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 48 South America Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Energy Efficient Motor Revenue Market Share (%) By Type (2022)

Figure 5 Global Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Energy Efficient Motor Revenue Market Share (%) By Applications (2022)

Figure 7 Global Energy Efficient Motor Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Energy Efficient Motor Market Share (%) By Regions (2022)

Figure 9 North America Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Energy Efficient Motor Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Energy Efficient Motor Revenue Market Share (%) By Type (2030)

Figure 26 Global Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Energy Efficient Motor Revenue Market Share (%) By Applications (2030)

Figure 28 Global Energy Efficient Motor Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Energy Efficient Motor Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Energy Efficient Motor Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

Energy Efficient Motor Market Segmentation

By Type

• Standard-IE1
• High-IE2
• Premium-IE3
• Super premium-IE4

By Application

• HVAC
• PUMPS
• Fans
• Compressed Air
• Refrigeration
• Material Handling
• Material Processing

By Product Type

• Synchronous Motor
• Asynchronous Motor
• DC Motor

By End User

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

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)