Press release
Global Energy Efficient Motor Market Growth analysis, key manufacturers, business overview, market insights, trends and forecast period 2018-2025
In terms of production side, this report researches the Energy Efficient Motor capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Energy Efficient Motor by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
The major factors driving the growth of this market include the saving of energy and subsequent cost over traditional motors, increasing support from governments worldwide for the adoption of energy efficient motor, rising need to diminish greenhouse effect, and increasing adoption of energy efficient motors in the industrial sector. Energy efficient motors are used in various application areas in the agriculture vertical; these applications include irrigation, ventilation, grain handling, material handling, aeration, and conditioning. Motors are among the largest energy consuming devices on farms. Motors used in the agriculture sector account for 18% of the on-farm energy consumption worldwide. Also, the energy saving solutions are applicable to all segments of the agriculture sector including dairies and livestock producers, nurseries, crop farmers, and food processing companies. This would further propel the growth of the energy efficient motor market during the forecast period.
The pumps application accounted for the largest share of the energy efficient motor market in 2017. Pumps are used in various end-user industries such as water and wastewater, oil and gas, agriculture, and commercial. Further, the pump application is a major shareholder of the energy efficient motor market as the pumps are the major consumer of electricity in the industrial sector.
The Energy Efficient Motor market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of 6.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Energy Efficient Motor.
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This report includes the following manufacturers; we can also add the other companies as you want.
ABB
Siemens
Weg
General Electric
Nidec
Schneider Electric
Rockwell
Crompton Greaves
Bosch Rexroth
Kirloskar Electric
Regal Beloit
Havells
Maxon Motor
Brook Crompton
Toshiba
Market Segment by Product Type
AC Motors
DC Motors
Market Segment by Application
HVAC
Fans
Pumps
Compressors
Refrigeration
Material Handling
Material Processing
Key Regions split in this report:
North America
United States
Canada
Mexico
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