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From: Marie Nolan <marie.nolan@researchandmarkets.org>
Date: Fri, 21 Apr 2023 20:24:32 +0000
Subject: Energy Efficient Motor Market - Global Outlook & Forecast 2022-2027
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<h1 style=3D" word-break: normal; text-align: left; line-h=
eight: 24px; font-size: 20px; margin-bottom: 10px;color: #256B9F; " =
=
align=3D"left "> <a =
style=3D" font-family: 'Helvetica', 'Arial=
', sans-serif; font-weight: bold; line-height: 19px; font-size: 14px; =
text-decoration:none; word-break: normal; text-align: left; line-heig=
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=
href=3D"https://www.researchandmarkets.com/reports/5714639/energy-ef=
ficient-motor-market-global-outlook?utm_source=3DMC&utm_medium=3DEmail=
&utm_code=3Dmzr4qcpou&utm_ss=3D17&utm_campaign=3D1841859+-+Energy+Effi=
cient+Motor+Market+-+Global+Outlook+%26+Forecast+2022-2027&utm_exec=3D=
rore169mtd" =
target=3D"_blank">Energy Efficient Motor Market - G=
lobal Outlook & Forecast 2022-2027</a></h1> <span =
style=3D"font-family: 'Helvetica', 'Arial', sans-serif; font-weight: n=
ormal; line-height: 19px; font-size: 14px; "> <spa=
n style =3D "font-family: 'Helvetica', 'Arial', sans-serif; font-weigh=
t: normal; line-height: 19px; font-size: 14px; " >Report</span><span s=
tyle =3D "color: #F1C84F;" > | </span><span style =3D "font-family: 'H=
elvetica', 'Arial', sans-serif; font-weight: normal; line-height: 19px=
; font-size: 14px; " >January 2023</span><span style =3D "color: #F1C8=
4F;" > | </span><span style =3D "font-family: 'Helvetica', 'Arial', sa=
ns-serif; font-weight: normal; line-height: 19px; font-size: 14px; " >=
Region: Global</span><span style =3D "color: #F1C84F;" > | </span><spa=
n style =3D "font-family: 'Helvetica', 'Arial', sans-serif; font-weigh=
t: normal; line-height: 19px; font-size: 14px; " >229 Pages</span=
></span> =
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<td style=3D"padding-left:10px; vertical-align: bottom;font-family: =
'Helvetica', 'Arial', sans-serif; font-weight: normal; line-height: 19=
px; font-size: 14px; "> =
</td> =
</tr>--> =
</table> <br />The global energy efficient motor marke=
t is expected to grow at a CAGR of 6.52% during 2022-2027. Motors are =
the major energy-consuming equipment across end-user industries, resul=
ting in high energy costs for companies. Owing to the high energy cost=
associated with motors, several players in end-user industries are fo=
cusing on incorporating energy-efficient techniques such as installing=
energy-efficient motors in their operations. Further, the global ener=
gy efficient motor market is highly fragmented, with numerous multinat=
ionals and local vendors.<br /><br />Sales of energy-efficient motors =
in the APAC area are predicted to develop steadily, owing to increased=
infrastructure spending and industrial production. Many APAC nations,=
including China and India, will likely expand and contribute to the e=
nergy efficient motor market growth over the forecast period, with sig=
nificant infrastructure development in the industrial sector and engin=
eering companies. <br /><br />Because of its robust process manufactur=
ing businesses and oil and gas sectors, North America will continue as=
one of the prominent energy efficient motor markets. However, APAC an=
d Europe remained the top two areas with tremendous potential for dema=
nd for energy-efficient motors in different industries, particularly m=
anufacturing.<br /><br />CHALLENGES IN TERMS OF ECONOMY<br />The fact =
that motor buyers frequently have inaccurate perceptions of the expens=
es associated with vehicle ownership and so do not appropriately accou=
nt for these expenditures presents a substantial economic hurdle in pr=
omoting high- and premium-efficiency motors in the energy efficient mo=
tor market. <br /><br />Operating the motor, which accounts for 97-98%=
of total expenditures, is the most expensive part of motor ownership.=
The initial cost of acquisition only accounts for about 2-3%. Premium=
-efficiency motors are more costly than regular motors by 15-25%, or U=
SD 8 - 40 more per horsepower, but they pay for themselves rapidly in =
operational cost savings.<br /><br />The payback period for premium mo=
tors is usually within the range of 7 months to 4 years on average. Ho=
wever, several variables, including yearly hours of usage, energy expe=
nses, installation and downtime costs, and utility rebates' availabili=
ty, affect the payback period's precise duration.<br /><br />Although =
costs play a significant role - including those associated with the pu=
rchase, operation, installation, and maintenance, these costs must als=
o be weighed against other aspects like reliability, secondary advanta=
ges like less equipment wear or operating noise, and secondary drawbac=
ks like frequency disruptions and declines in mechanical power that ca=
n be put to use.<br /><br />COMPETITIVE LANDSCAPE<br />Various countri=
es have shown considerable demand for motors in 2021, while some have =
a lower requirement for motors due to economic disruptions and slower =
industrial productivity. Countries such as Germany, the US, the UK, an=
d others have adopted higher-efficiency motors such as IE3 and IE4 AC =
motors, thereby driving their energy efficient motor market growth. In=
vestor confidence declined to owe to the COVID-19 pandemic in a majori=
ty of countries across the globe. The increase in the number of active=
cases in the US, the UK, India, Brazil, and Italy significantly offse=
t the economy's recovery.<br /><br />Large companies like ABB, Siemens=
, Johnson Electric, Mitsubishi, and others are all set to explore the =
global energy efficient motor market. These businesses have a global p=
resence in at least three major geographical areas: North America, APA=
C, and Europe. However, local vendors are selling goods at low prices =
with identical requirements.<br /><br />The general manufacturing indu=
stry relies on multiple countries to procure its raw materials to keep=
the COGS low and maintain a steady inflow devoid of supply chain disr=
uptions. The situation further deteriorated post-COVID-19, with commer=
cial flights shut and cross-border trade limited to essential commodit=
ies. The trade-related issues with China and the US are further antici=
pated to worsen and impact the energy efficient motor market dynamics.=
The procurement model of manufacturing companies is thus expected to =
change to avoid the lack of access to international suppliers.<br /><b=
r />Key Vendors<br />- ABB<br />- CG Power and Industrial Solutions<br=
/>- Regal Beloit Corporation<br />- Siemens<br />- WEG<br /><br />Oth=
er Prominent Vendors<br />- Brook Crompton<br />- Bharat Bijlee Limite=
d<br />- Havells India Limited<br />- General Electric<br />- Toshiba =
International Corporation<br />- Mitsubishi Electric Corporation<br />=
- Laxmi Hydraulics<br />- NIDEC CORPORATION<br />- Regal Beloit<br />-=
Rockwell Automation<br />- ebm-papst<br />- Regal Rexnord Corporation=
<br />- Emerson Electric Co.<br />- Kirloskar Electric Company<br /><b=
r />KEY QUESTIONS ANSWERED<br />1. How big is the energy efficient mot=
or market?<br />2. What is the growth rate of the global energy effici=
ent motor market?<br />3. Who are the key players in the global energy=
efficient motor market?<br />4. What are the rising trends in the ene=
rgy efficient motor market?<br />5. What segments are covered in the e=
nergy efficient motor market?<br />6. Which regions hold the most sign=
ificant energy efficient motor market share globally?<br /><br />Find =
out more:<br />
<a href=3D"https://www.researchandmarkets.com/reports/5714639/energy-e=
fficient-motor-market-global-outlook?utm_source=3DMC&utm_medium=3DEmai=
l&utm_code=3Dmzr4qcpou&utm_ss=3D17&utm_campaign=3D1841859+-+Energy+Eff=
icient+Motor+Market+-+Global+Outlook+%26+Forecast+2022-2027&utm_exec=3D=
rore169mtd">Energy Efficient Motor Market - Global Outlook & Forecast =
2022-2027</a><br /><br />It may be possible to have this report custom=
ised. If you require any assistance or would like to discuss this furt=
her, please don=E2=80=99t hesitate to contact me.<br /><br />Thank you=
for your consideration.<br /><br />Best Regards,<br /><br />Marie Nol=
an<br />Senior Manager =
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