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From: Rebecca Slattery <rebecca.slattery@researchandmarkets.org>
Date: Wed, 23 Aug 2023 07:11:34 +0100
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=
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=
align=3D"left "> <a =
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', sans-serif; font-weight: bold; line-height: 19px; font-size: 14px; =
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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=3Dmhnrhiuzb&utm_ss=3D92&utm_campaign=3D1878181+-+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; " >Region: Global</span><span style =3D "color: #F1=
C84F;" > | </span><span style =3D "font-family: 'Helvetica', 'Arial', =
sans-serif; font-weight: normal; line-height: 19px; font-size: 14px; "=
>229 Pages</span></span> =
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</table> <br />The global energy=
efficient motor market is expected to grow at a CAGR of 6.52% during =
2022-2027. Motors are the major energy-consuming equipment across end-=
user industries, resulting in high energy costs for companies. Owing t=
o the high energy cost associated with motors, several players in end-=
user industries are focusing on incorporating energy-efficient techniq=
ues such as installing energy-efficient motors in their operations. Fu=
rther, the global energy efficient motor market is highly fragmented, =
with numerous multinationals and local vendors.<br /><br />Sales of en=
ergy-efficient motors in the APAC area are predicted to develop steadi=
ly, owing to increased infrastructure spending and industrial producti=
on. Many APAC nations, including China and India, will likely expand a=
nd contribute to the energy efficient motor market growth over the for=
ecast period, with significant infrastructure development in the indus=
trial sector and engineering companies. <br /><br />Because of its rob=
ust process manufacturing businesses and oil and gas sectors, North Am=
erica will continue as one of the prominent energy efficient motor mar=
kets. However, APAC and Europe remained the top two areas with tremend=
ous potential for demand for energy-efficient motors in different indu=
stries, particularly manufacturing.<br /><br />CHALLENGES IN TERMS OF =
ECONOMY<br />The fact that motor buyers frequently have inaccurate per=
ceptions of the expenses associated with vehicle ownership and so do n=
ot appropriately account for these expenditures presents a substantial=
economic hurdle in promoting high- and premium-efficiency motors in t=
he energy efficient motor market. <br /><br />Operating the motor, whi=
ch accounts for 97-98% of total expenditures, is the most expensive pa=
rt of motor ownership. The initial cost of acquisition only accounts f=
or about 2-3%. Premium-efficiency motors are more costly than regular =
motors by 15-25%, or USD 8 - 40 more per horsepower, but they pay for =
themselves rapidly in operational cost savings.<br /><br />The payback=
period for premium motors is usually within the range of 7 months to =
4 years on average. However, several variables, including yearly hours=
of usage, energy expenses, installation and downtime costs, and utili=
ty rebates' availability, affect the payback period's precise duration=
.<br /><br />Although costs play a significant role - including those =
associated with the purchase, operation, installation, and maintenance=
, these costs must also be weighed against other aspects like reliabil=
ity, secondary advantages like less equipment wear or operating noise,=
and secondary drawbacks like frequency disruptions and declines in me=
chanical power that can be put to use.<br /><br />COMPETITIVE LANDSCAP=
E<br />Various countries have shown considerable demand for motors in =
2021, while some have a lower requirement for motors due to economic d=
isruptions and slower industrial productivity. Countries such as Germa=
ny, the US, the UK, and others have adopted higher-efficiency motors s=
uch as IE3 and IE4 AC motors, thereby driving their energy efficient m=
otor market growth. Investor confidence declined to owe to the COVID-1=
9 pandemic in a majority of countries across the globe. The increase i=
n the number of active cases in the US, the UK, India, Brazil, and Ita=
ly significantly offset the economy's recovery.<br /><br />Large compa=
nies like ABB, Siemens, Johnson Electric, Mitsubishi, and others are a=
ll set to explore the global energy efficient motor market. These busi=
nesses have a global presence in at least three major geographical are=
as: North America, APAC, and Europe. However, local vendors are sellin=
g goods at low prices with identical requirements.<br /><br />The gene=
ral manufacturing industry relies on multiple countries to procure its=
raw materials to keep the COGS low and maintain a steady inflow devoi=
d of supply chain disruptions. The situation further deteriorated post=
-COVID-19, with commercial flights shut and cross-border trade limited=
to essential commodities. The trade-related issues with China and the=
US are further anticipated to worsen and impact the energy efficient =
motor market dynamics. The procurement model of manufacturing companie=
s is thus expected to change to avoid the lack of access to internatio=
nal suppliers.<br /><br />Key Vendors<br />- ABB<br />- CG Power and I=
ndustrial Solutions<br />- Regal Beloit Corporation<br />- Siemens<br =
/>- WEG<br /><br />Other Prominent Vendors<br />- Brook Crompton<br />=
- Bharat Bijlee Limited<br />- Havells India Limited<br />- General El=
ectric<br />- Toshiba International Corporation<br />- Mitsubishi Elec=
tric Corporation<br />- Laxmi Hydraulics<br />- NIDEC CORPORATION<br /=
>- Regal Beloit<br />- Rockwell Automation<br />- ebm-papst<br />- Reg=
al Rexnord Corporation<br />- Emerson Electric Co.<br />- Kirloskar El=
ectric Company<br /><br />KEY QUESTIONS ANSWERED<br />1. How big is th=
e energy efficient motor market?<br />2. What is the growth rate of th=
e global energy efficient motor market?<br />3. Who are the key player=
s in the global energy efficient motor market?<br />4. What are the ri=
sing trends in the energy efficient motor market?<br />5. What segment=
s are covered in the energy efficient motor market?<br />6. Which regi=
ons hold the most significant energy efficient motor market share glob=
ally?<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=3Dmhnrhiuzb&utm_ss=3D92&utm_campaign=3D1878181+-+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 />Rebecca S=
lattery<br />Senior Manager =
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