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Energy Efficient Motor Market – Global Opportunities and Forecast, 2020-2027

The major factors surging the growth of the global energy efficient motor market include the government's growing support for the adoption of energy-efficient motors, rising need to reduce energy consumption by industries, and increasing need to reduce the greenhouse effect. Moreover, growing awareness about energy conservation is encouraging the end-user industries to adopt energy-efficient and eco-friendly solutions for various technologies and business processes. Furthermore, most industrial end-users are switching from general motors to energy-efficient motors, thus allowing countries to conserve natural energy resources and decrease the greenhouse effect and harmful emissions. It is a key factor responsible for the growth of the energy efficient motor market across the globe. <br>Visit: https://www.gmiresearch.com/report/energy-efficient-motor-market/<br>

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Energy Efficient Motor Market – Global Opportunities and Forecast, 2020-2027

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  1. Report Title Energy Efficient Motor Market – Global Opportunities and Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

  2. The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study. Competitive Rivalry of the Energy Efficient Motor Market: The leading players in the energy efficient motor market include ABB, General Electric Company, Schneider Electric, Nidec Motor Corporation, Rockwell Automation Inc, CG Power and Industrial Solutions Limited, Bosch Rexroth AG, Kirloskar Electric Motors, Honeywell International, Inc., and Siemens AG, among others. Drivers of the Energy Efficient Motor Market: The major factors surging the growth of the global energy efficient motor market include the government's growing support for the adoption of energy-efficient motors, rising need to reduce energy consumption by industries, and increasing need to reduce the greenhouse effect. Moreover, growing awareness about energy conservation is encouraging the end-user industries to adopt energy-efficient and eco-friendly solutions for various technologies and business processes. Furthermore, most industrial end-users are switching from general motors to energy-efficient motors, thus allowing countries to conserve natural energy resources and decrease the greenhouse effect and harmful emissions. It is a key factor responsible for the growth of the energy efficient motor market across the globe. The accelerating adoption of energy-efficient solutions is one of the emerging trends observed in the market. While converting electrical energy into mechanical energy, some of the energy is lost as waste heat. Additionally, many times not all the energy goes into the motor and gets converted into usable mechanical energy, thus resulting in huge overall waste. Hence, replacing traditional motors with energy efficient motors decreases losses and electricity by more than 25 percent. The energy efficient motors 2

  3. have the lowest rate of failure and high overload conditions; it makes them suitable for a wide range of applications. All these factors are propelling the demand for the market during the forecast period. Market Segmentation: The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below: Breakup by Installation: •Open Drip Proof (ODP) Motor •Totally Enclosed Fan Cooled (TEFC) Motor Breakup by Efficiency Level: •IE4 •IE3 •IE2 •IE1 Breakup by Motor: •AC Motors o Induction Motors o Synchronous Motors •DC Motors o Brushed DC motors o Brushless DC motors Breakup by Application: •Heating, Ventilation, and Air Conditioning (HVAC) •Fans •Pumps •Compressors •Refrigeration •Material Handling 3

  4. •Material Processing Breakup by Vertical: •Residential •Transportation •Agriculture •Aerospace and Defense •Commercial Buildings •Industrial Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology 4

  5. to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. Contact Us Company Name: GMI RESEARCH Email: enquiry@gmiresearch.com Phone: +353 1 442 8820 Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate City: Dublin State: Dublin Country: Ireland Website: https://www.gmiresearch.com/ 5

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