Energy Efficient Motor Market is expected to grow from USD 28.15 Billion in 2017 to USD48.78 Billion by 2026, at a CAGR of 6.3% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report) While converting electrical energy into usable mechanical energy with motor some of the energy is lost as waste heat during the conversion process. Most of the times, not all of the energy going into the motor is converted to usable mechanical energy. Such losses occur repeatedly and may result in huge overall waste. Replacing traditional motors with energy efficient motors would reduce these losses and electricity by 20% to 30%. Energy efficient motors have a low failure rate and a high tolerance for overload conditions, these features make them suitable for a variety of applications. 
Increasing automation and robotics in the manufacturing sector, rising need to diminish greenhouse effect, rising demand from HVAC and household applications, reduction in cost of energy consumed, increasing electric vehicle sales, increasing support from governments worldwide for the adoption of energy efficient motors are some major factors driving the growth of energy efficient motor market. However, high initial investment, rising competition among local and international companies are restraining market growth. Further key findings from the report: • DC motor market growing at higher CAGR is anticipated to surpass demand for AC motors and lead overall electric motor market by 2026 • From the vertical segment, industrial segment is anticipated to dominate overall revenue generated in the energy efficient motor market. However, automotive and transportation segment is expected to grow at CAGR of 5.3% during the forecast period • Pumps and Compressor segment to hold 38% of energy efficient motor market share by 2026. Pump segment expected to grow at significant higher CAGR of 5.3% compared to compressor segment during the forecast period • Among geographical regions, industries across Western Europe and North America and some countries in APAC are expected to witness high demand for energy efficient motors • Energy efficient motor market for HVAC application to grow at significant higher CAGR during the forecast period owing to increasing industrialization and urbanization, growing demand for energy efficient devices, and increasing government support Key Highlights: • Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Energy Efficient Motor Market • The objective of the report is to provide a detailed analysis of the Energy Efficient Motor Market on the basis efficiency level, type, application, vertical, and geography • Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Analysis of the Energy Efficient Motor Market with respect to individual growth trends, prospects, and contribution to the total market • Segment wise business performance detailed in the report will be worthwhile for the organizations willing to enhance its business • Provides detailed information regarding the major factors influencing the growth of the Energy Efficient Motor Market (drivers, restraints, opportunities, and challenges) • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business Years that have been considered for the study are as follows: • Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology: Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Energy Efficient Motor Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Energy Efficient Motor Market globally.
This Report Is Submitted By @Global Market Research Company
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