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What fueled the previous growth in the Energy Efficient Motor market?

The market size of energy efficient motors has witnessed impressive growth in recent years. It is projected that it will expand from a value of $42.6 billion in 2024 to reach $46.2 billion in 2025, at a compound annual growth rate (CAGR) of 8.4%. Various factors have contributed to the growth during the historic period such as environmental rules and sustainability efforts, rising demand for energy-efficient solutions, escalating electricity prices, lower life cycle costs compared to conventional motors, strategies to cut down carbon emissions and advanced industrialization.

What will be the energy logistics market size in the future?

Predictions for the energy efficient motor market point to a substantial expansion in the coming years, with its size anticipated to reach $61.11 billion by 2029, thanks to a compound annual growth rate (CAGR) of 7.2%. The forthcoming growth is associated with various factors such as enhanced industrial automation, the imperative to diminish greenhouse gas emissions, increased consciousness surrounding sustainability and corporate social responsibility, along with governmental incentives promoting the use of energy efficient motors, cost-effectiveness and impressive return on investment. Foreseen trends for the stipulated period encompass product innovations, strategic alliances and advancements in technology.

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What main drivers are fueling expansion in the energy efficient motor market?

The surge in industrial automation requirements is predicted to boost the expansion of the energy efficient motor market. Industrial automation involves employing various control systems, computer technologies, robots, and information technologies to manage different machinery and processes in an industry, thus replacing human efforts. The application of energy-efficient motors within this automation process increases the overall system’s proficiency, lessens energy usage, and supports environmentally friendly operations by maximizing power utilization and curtailing waste. For example, as per the International Federation of Robotics, a professional non-profit organization based in Germany, there was a 48% increase in sales of service robots for professional use in 2022, with 158,000 units sold until October 2023. Consequently, the rise in industrial automation is fueling the energy-efficient motor market’s progress.

What key areas define the segmentation of the global energy efficient motor market?

The energy efficient motor market covered in this report is segmented –

1) By Type: Super Premium-IE4, Premium-IE3, High-IE2, Standard-IE1

2) By Application: Pumps, Fans, Compressed Air, Refrigeration, Material Handling, Material Processing

3) By End User: Industrial, Commercial, Residential, Agriculture, Other End Users

Subsegments:

1) By Super Premium-IE4: Synchronous Motors, Asynchronous Motors, Permanent Magnet Motors

2) By Premium-IE3: Induction Motors, Squirrel Cage Motors, Direct Drive Motors

3) By High-IE2: Standard Induction Motors, Wound Rotor Motors, High-Efficiency Squirrel Cage Motors

4) By Standard-IE1: Standard Induction Motors, Open Drip Proof (ODP) Motors, Totally Enclosed Fan Cooled (TEFC) Motors

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Who are the dominant players expanding their reach in the energy efficient motor market?

Major companies operating in the energy efficient motor market are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Johnson Controls Inc., Nidec Corporation, Emerson Electric Company, Rockwell Automation Inc., Microchip Technology Inc., Bosch Rexroth AG, WEG Equipamentos Eletricos SA, Wolong Electric Group Co. Ltd., Havells India Ltd., CG Power and Industrial Solutions Ltd., Crompton Greaves Consumer Electricals Limited, Bharat Bijlee Limited, Marathon Electric India Pvt. Ltd., Elin Electronics Limited, Toshiba International Corporation Pty Ltd., Kirloskar Electric Company Ltd., Brook Crompton Greaves Limited, Integrated Electric Co. Pvt. Ltd., Regal Beloit Corporation, Elektrim Motors, Shanghai Top Motor Co.Ltd., Hoyer Motors, Baldor Electric Company

How are evolving market trends shaping energy efficient motor Strategies?

Key players in the energy efficient motor market are focused on creating innovative products like gate-driver Integrated Circuits (ICs) to aid in reducing power wastage. A gate-driver IC is a power amplifier that receives a low-power signal from a controller IC and outputs a high-current drive signal for the gate of a high-power switch. For example, Toshiba Electronic Devices & Storage Corporation, a Japanese company specialising in semiconductor technologies, introduced the TB9083FTG, a gate-driver IC for automotive brushless DC motors, in February 2023. This product is built specifically for automotive applications such as electric brakes, power steering, and shift-by-wire, reflecting the tech industry’s emphasis on forward-thinking innovation and technological progress. The product controls and drives external N-channel power MOSFETs, crucial for driving a three-phase brushless DC motor, underlining its critical role in the automotive sector’s shift towards electric vehicles.

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Which regions are emerging as leaders in the energy efficient motor market?

North America was the largest region in the energy efficient motor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy efficient motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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