Press release
Energy Efficient Motor Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Energy Efficient Motor Market
What Is the Expected Energy Efficient Motor Market Size During the Forecast Period?
In recent years, the market size for energy efficient motors has seen considerable growth. With a compound annual growth rate (CAGR) of 8.4%, the market will expand from $42.6 billion in 2024 to $46.2 billion in 2025. This increase during the historic period can be ascribed to environmental standards and sustainability projects which boost the need for energy-efficient solutions. Additionally, the increasing cost of electricity, lower life cycle costs compared to conventional motors, measures to decrease carbon emissions and drive industrialization have also played a role in this growth.
The market size of energy efficient motors is projected to experience substantial growth in the coming years, with an anticipated value of $61.11 billion in 2029 and a CAGR of 7.2%. The expected growth during the forecast period is linked to factors such as heightened industrial automation, increasing necessity to curtail greenhouse gas emissions, expanding consciousness surrounding sustainability and corporate social accountability, as well as government initiatives promoting the use of energy efficient motors coupled with cost savings and return on investment. Key trends projected for the forecast period encompass product innovations, strategic collaborations, and advanced technology.
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What Are the High-Growth Segments in the 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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What Key Drivers Are Expected to Influence Future Energy Efficient Motor Market Growth?
The escalation in industrial automation requirements is predicted to fuel the expansion of the energy efficient motor market in the future. Defined as the implementation of control systems, computers, robots, and information technologies for the management of diverse procedures and machinery within an industrial setup for the purpose of labor replacement, industrial automation benefits from the inclusion of energy-efficient motors. These motors amplify the overall system's efficiency, lower energy use, and foster eco-friendly operations by optimizing power use and diminishing waste. Highlighting this trend, the International Federation of Robotics, a professional non-profit organization headquartered in Germany, reported in October 2023 that 2022 saw professional use service robot sales reach 158,000 units-a surge of 48%. This rise in industrial automation, therefore, is spurring the growth of the energy-efficient motor market.
Which Companies Hold the Largest Share Across Different Energy Efficient Motor Market Segments?
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
What Trends Are Driving Growth in The Energy Efficient Motor Market?
Leading firms in the energy efficient motor market are focusing on producing innovative solutions, including gate-driver ICs (Integrated Circuits), as a means of reducing power wastage. A gate-driver IC functions as a power amplifier, obtaining low-power input from a controller IC and generating a high-current drive input for the gate of a high-power switch. For example, Toshiba Electronic Devices & Storage Corporation, a semiconductor technologies firm based in Japan, introduced the TB9083FTG gate-driver IC for automotive brushless DC (direct current) motors in February 2023. The product, aimed at applications such as electric brakes, electric power steering, and shift-by-wire, reflects the technology sector's commitment to innovation and advancing technology. It regulates and drives external N-channel power MOSFETs (Metal-Oxide-Semiconductor Field-Effect Transistors) instrumental in powering a three-phase brushless DC motor, positioning it as a crucial element in the automotive industry's shift to electric vehicles.
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What Are the Emerging Geographies for The Energy Efficient Motor Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Energy Efficient Motor Market?
2. What is the CAGR expected in the Energy Efficient Motor Market?
3. What Are the Key Innovations Transforming the Energy Efficient Motor Industry?
4. Which Region Is Leading the Energy Efficient Motor Market?
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