Press release
What's Driving the Energy Efficient Motor Market 2025-2034: Industrial Automation's Impact On The Energy-Efficient Motor Market
Energy Efficient Motor Market Size
The energy-efficient motor market has seen strong growth in recent years. It will increase from $42.6 billion in 2024 to $46.2 billion in 2025, at a compound annual growth rate (CAGR) of 8.4%. The growth can be attributed to environmental regulations, sustainability initiatives, increasing demand for energy-efficient solutions, rising electricity costs, lower life cycle costs compared to traditional motors, and efforts to reduce carbon emissions and advance industrialization.
The energy-efficient motor market is expected to grow to $61.11 billion by 2029 at a CAGR of 7.2%, with rising industrial automation and sustainability awareness. Trends include product innovation, strategic partnerships, and technological advancements.
What Are the Main Catalysts for Growth in the Energy Efficient Motor Market?
The growing demand for industrial automation is expected to drive the energy-efficient motor market. Industrial automation involves using control systems, computers, robots, and information technologies to manage processes and machinery, reducing reliance on human labor. Energy-efficient motors optimize power usage, reduce consumption, and contribute to sustainability by minimizing waste. In October 2023, the International Federation of Robotics reported that the sale of service robots for professional use increased by 48% to 158,000 units in 2022. Therefore, the rise in industrial automation is boosting the energy-efficient motor market.
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Which Businesses Are at the Forefront of Energy Efficient Motor Market Development?
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 Is the Energy Efficient Motor Market Segmented?
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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Where Is the Energy Efficient Motor Market Growth Most Prominent?
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.
What Is Covered In The Energy Efficient Motor Global Market Report?
- Market Size Analysis: Analyze the Energy Efficient Motor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Energy Efficient Motor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Energy Efficient Motor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Energy Efficient Motor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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