According to a new market research report of “Energy Efficient Motors Market (2013–2018): By Product (Synchronous (Reluctance, Permanent Magnet), Asynchronous (Squirrel Cage, Wound Rotor), DC Motor (Brushless, Brushed)); Type (IE3, IE2, IE1, NEMA); Application (Fans, Pump, HVAC, Compressed Air)”, is expected to grow at a CAGR of 19.67% from 2013 to 2018 and reach $91.46 billion in 2018.
Browse 126 market data tables with 66 figures spread through 330 pages and in-depth TOC on Energy Efficient Motors Market (2013–2018): By Product (Synchronous (Reluctance, Permanent Magnet), Asynchronous (Squirrel Cage, Wound Rotor), DC Motor (Brushless, Brushed)); Type (IE3, IE2, IE1, NEMA); Application (Fans, Pump, HVAC, Compressed Air)
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The increasing power consumption and CO2 emissions are some of the major challenges for the manufacturers of the electric motors. To overcome the above-mentioned challenges, different standards and regulations are launched by the governments of different countries like U.S., France, China, Japan, and also by different associations like NEMA, IEA (International Energy Association), and others. Energy-efficient motors are manufactured as per all the energy saving standards.The operating cost of the energy-efficient motors is much lesseras comparedto the standard motors due to the low energy cost and minimum CO2 emission. The demand for energy efficient motors is continuously increasing and replacing the standard motors in different sectors. The report covers all the major energy efficient standards, product types, applications and end users of the energy efficient motors.
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Different end users are using different applications of energy efficient motors. The report covers the major end users like industrial, commercial buildings, residential, transportation and aerospace & defense. The end users market is thus further segmented on the basis of different energy efficient product types, applications and geographical regions. Energy efficient motors are penetrating in the overall motors market. The penetration rates of the energy efficient motors along with the total available market for each application are discussed in the report.
In the report, the performance evaluation of the energy efficiency motors is covered and also it is described that how the energy efficient motors reduce the power costs. The adoption rate of the different international standard motors, namely, IE1, IE2 and IE3 is different in different regions. The overall market of the energy efficient motors is expected to grow at a CAGR of 19% form 2013 to 2018. It is projected that over 65% of the total motors are energy efficient motors by the end of 2013.
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The overall market of the energy efficient motors is expected to grow from $31.79 billion in 2012 to $91.46 billion in 2018 at a CAGR of 19.67% from 2013 to 2018.The figure below shows the trend in the overall energy efficient motors market in the next five years. The penetration rate of the energy efficient motors is continuously increasing.
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