Global Energy Efficient Motor Market is expected to grow at a robust CAGR
Global Energy Efficient
Motor Market is expected to grow owing to increased penetration of LED and
rising need to save energy throughout the forecast period.
According to TechSci
Research report, “Energy
Efficient Motor Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Energy Efficient Motor
Market is expected to register robust growth during the
forecast period.
The increasing demand for
energy-efficient solutions, driven by the need to reduce the greenhouse effect,
coupled with the rising electricity prices, is fuelling the growth of the
energy-efficient motor market. The industrial sectors' growing adoption of
energy-efficient motors, along with government support for their use, are among
the factors that will contribute to the positive market growth in the forecast
period. The exponential expansion of the electric vehicle market offers
lucrative prospects for manufacturers of energy-efficient motors. Efficient
motors are crucial for the propulsion of electric vehicles, and advancements in
this domain can pave the way for strategic collaborations and partnerships with
automotive companies. Moreover, the automation of manufacturing processes heavily relies on
energy-efficient motors. A burgeoning market for collaborative robots, known as
cobots, necessitates the use of efficient motors for diverse industrial tasks.
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data Figures spread through XX Pages and an in-depth TOC on the "Global Energy Efficient Motor Market."
Based on efficiency level, the IE4 segment is expected to dominate
the market during the forecast period. IE4 motors showcase advanced design
elements, encompassing enhanced stator and rotor configurations, minimized
winding losses, and optimized magnetic materials. These design enhancements
significantly contribute to their exceptional energy efficiency. IE4 motors are
frequently paired with variable frequency drives (VFDs), enabling precise
control over motor speed and power consumption. This capability facilitates
additional energy savings by aligning motor output with load requirements.
Numerous governments worldwide extend incentives and rebates to businesses and
industries adopting IE4 motors, aiding in offsetting initial investment costs
and promoting the use of these highly efficient motors. Heating, ventilation,
and air conditioning (HVAC) systems, particularly in large commercial and
industrial buildings, derive substantial benefits from IE4 motors. These motors
enhance overall energy efficiency, leading to reduced energy costs within HVAC
systems. IE4 motors often integrate innovative cooling solutions to effectively
manage generated heat during operation, ensuring optimal motor performance
while minimizing energy consumption. In conclusion, the IE4 segment in the
Global Energy Efficient Motor Market represents a category of motors widely
recognized for their outstanding energy efficiency, adherence to stringent
regulations, diverse industrial applications, and continuous technological
advancements. These motors play a pivotal role in achieving substantial energy
savings, minimizing environmental impact, and promoting sustainability across
various industries and applications. Based on type, DC Motor segment is
projected to dominate the market throughout the forecast period. products. In
the field of robotics, energy-efficient DC motors play a crucial role in
providing precise and mobile capabilities to robots utilized in various
industries such as manufacturing and logistics. These motors greatly contribute
to the improvement of efficiency and productivity in automated systems. In HVAC
systems, DC motors drive pumps and fans, ensuring consistent and efficient
temperature control. Their ability to operate at different speeds allows for
optimized energy consumption in heating, ventilation, and air conditioning
applications. Moreover, DC motors in hybrid and electric vehicles can function
as generators during regenerative braking, converting kinetic energy into
electrical energy. This energy can be stored or used to power the vehicle, further
enhancing energy efficiency. Additionally, DC motors are employed in solar
tracking systems to adjust the orientation of solar panels, maximizing solar
energy collection and enhancing the overall efficiency of solar power systems.
In military applications, including unmanned aerial vehicles (UAVs), missile
systems, and radar systems, DC motors are utilized due to their performance,
reliability, and efficiency. Furthermore, the integration of IoT and smart
technologies in DC motor systems enables remote monitoring, predictive
maintenance, and real-time performance optimization, providing additional
benefits in terms of energy efficiency.
Key market players in the
Global Energy Efficient Motor Market are:-
- SMA Solar Technology AG
- Siemens AG
- ZTE Corporation
- Danvest Energy A/S
- Flexenclosure AB, LTD
- Huawei Technologies Co., LTD
- Heliocentris Energy
Solutions AG
- Alpha Power Solutions
- Flex enclosure AB, LTD
- Huawei Technologies Co., LTD
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“Asia Pacific is expected to
be the dominating region during the forecast period. The rapid urbanization of
the region has resulted in a surge in construction activities, commercial
buildings, and infrastructure projects. Energy-efficient motors play a vital
role in elevators, HVAC systems, and other building services, leading to reduced
energy consumption in urban centers. In the Asia-Pacific region, the
electronics manufacturing industry relies on energy-efficient motors to ensure
precise control, high-speed operations, and minimized energy consumption in
production lines. These motors significantly contribute to cost savings and
enhance product quality.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Energy Efficient Motor
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Efficiency Level (IE1, IE2, IE3
and IE4), By Type (DC Motor and AC Motor), By Application (Fans, Air
Compressor, Pumps, Material Processing and HVAC), By End User Vertical
(Commercial Building, Automotive, Residential, Aerospace & Defense,
Industrial and Agriculture), By Region, Competition 2018-2028,” has evaluated the future growth
potential of Global Energy Efficient Motor Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Energy Efficient Motor Market.
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