The Asia Pacific Energy Efficient Motor Market would witness market growth of 8.1% CAGR during the forecast period (2023-2029).
Increasing automation and robotics in the manufacturing sector, surging need to reduce the greenhouse effect, rising demand from HVAC and household applications, reduction in the cost of energy consumed, rising sales of electric vehicles, and increasing support from governments for the widespread use of energy efficient motors are some of the major factors driving the growth of the market. The key market participants are spending a significant amount of money on research and development (R&D) to broaden their product offerings, which will further stimulate market expansion.
In addition, market participants are engaging in various strategic activities to grow their presence in response to key market developments such as the introduction of new products, the establishment of contractual agreements, the conclusion of mergers and acquisitions, an increase in investments, and cooperation with other organizations are all examples of recent developments. Furthermore, to flourish and prosper in a market climate that is getting more competitive and expanding, companies in the market are working hard to deliver products at low prices.
To lower environmental CO2 emission levels from businesses, enterprises, and machinery and appliances, the Ministry of Power is implementing energy-saving measures. Perform Achieve and Trade (PAT) Scheme is a crucial program for big businesses and organizations. By updating technologies or implementing internal measures to reduce energy usage, this plan seeks to increase how cost-effective energy savings are. The program sets mandated goals for the specified Large Units, and whatever excess energy they save is converted into tradable Energy Saving Certificates. Depending on the amount of energy they use and the potential for savings, many businesses and industries are given different energy efficiency targets. The government's efforts to lower energy use and various industries' carbon footprints would increase APAC's demand for energy-efficient motors.
The China market dominated the Asia Pacific Energy Efficient Motor Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $7,001 Million by 2029. The Japan market is experiencing a CAGR of 7.4% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 8.7% during (2023 - 2029).
Based on Application, the market is segmented into HVAC & Pumps, Fans, Compressors, Refrigeration and Material Handling & Material Processing. Based on Efficiency Level, the market is segmented into IE3, IE2, IE1, IE4 and IE5. Based on Power Output Rating, the market is segmented into <1KW, 1 - 2.2 KW, 2.2 - 375 KW and >375 KW. Based on Type, the market is segmented into AC Motors and DC Motors. Based on End User, the market is segmented into Industrial, Commercial, Residential, Automotive, Agriculture and Aerospace & Defense. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Energy Efficient Motor Market is Projected to reach USD 64 Billion by 2029, at a CAGR of 7.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Toshiba Corporation, Rockwell Automation, Inc., Nidec Corporation, WEG Equipamentos Eletricos SA, Mitsubishi Electric Corporation, Havells India Ltd., CG Power & Industrial Solutions Ltd. (Murugappa Group) and Kirloskar Brothers Limited (Kirloskar Group)
Scope of the Study
Market Segments Covered in the Report:
By Application
- HVAC & Pumps
- Fans
- Compressors
- Refrigeration
- Material Handling & Material Processing
By Efficiency Level
By Power Output Rating
- <1KW
- 1 - 2.2 KW
- 2 - 375 KW
- >375 KW
By Type
By End User
- Industrial
- Commercial
- Residential
- Automotive
- Agriculture
- Aerospace & Defense
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- Toshiba Corporation
- Rockwell Automation, Inc.
- Nidec Corporation
- WEG Equipamentos Eletricos SA
- Mitsubishi Electric Corporation
- Havells India Ltd.
- CG Power & Industrial Solutions Ltd. (Murugappa Group)
- Kirloskar Brothers Limited (Kirloskar Group)
TABLE 1 Asia Pacific Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Energy Efficient Motor Market
TABLE 4 Product Launches And Product Expansions– Energy Efficient Motor Market
TABLE 5 Acquisition and Mergers– Energy Efficient Motor Market
TABLE 6 Geographical Expansions– Energy Efficient Motor Market
TABLE 7 Asia Pacific Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 9 Asia Pacific HVAC & Pumps Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific HVAC & Pumps Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Fans Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Fans Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Compressors Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Compressors Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Refrigeration Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Refrigeration Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Material Handling & Material Processing Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Material Handling & Material Processing Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 21 Asia Pacific IE3 Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific IE3 Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific IE2 Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific IE2 Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific IE1 Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific IE1 Market by Country, 2023 - 2029, USD Million
TABLE 27 Asia Pacific IE4 Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific IE4 Market by Country, 2023 - 2029, USD Million
TABLE 29 Asia Pacific IE5 Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific IE5 Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 33 Asia Pacific <1KW Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific <1KW Market by Country, 2023 - 2029, USD Million
TABLE 35 Asia Pacific 1 - 2.2 KW Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific 1 - 2.2 KW Market by Country, 2023 - 2029, USD Million
TABLE 37 Asia Pacific 2.2 - 375 KW Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific 2.2 - 375 KW Market by Country, 2023 - 2029, USD Million
TABLE 39 Asia Pacific >375 KW Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific >375 KW Market by Country, 2023 - 2029, USD Million
TABLE 41 Asia Pacific Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 43 Asia Pacific AC Motors Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific AC Motors Market by Country, 2023 - 2029, USD Million
TABLE 45 Asia Pacific DC Motors Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific DC Motors Market by Country, 2023 - 2029, USD Million
TABLE 47 Asia Pacific Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 49 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Industrial Market by Country, 2023 - 2029, USD Million
TABLE 51 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 52 Asia Pacific Commercial Market by Country, 2023 - 2029, USD Million
TABLE 53 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Residential Market by Country, 2023 - 2029, USD Million
TABLE 55 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 56 Asia Pacific Automotive Market by Country, 2023 - 2029, USD Million
TABLE 57 Asia Pacific Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 58 Asia Pacific Agriculture Market by Country, 2023 - 2029, USD Million
TABLE 59 Asia Pacific Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 60 Asia Pacific Aerospace & Defense Market by Country, 2023 - 2029, USD Million
TABLE 61 Asia Pacific Energy Efficient Motor Market by Country, 2019 - 2022, USD Million
TABLE 62 Asia Pacific Energy Efficient Motor Market by Country, 2023 - 2029, USD Million
TABLE 63 China Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 64 China Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 65 China Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 66 China Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 67 China Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 68 China Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 69 China Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 70 China Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 71 China Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 72 China Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 73 China Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 74 China Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 75 Japan Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 76 Japan Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 77 Japan Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 78 Japan Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 79 Japan Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 80 Japan Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 81 Japan Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 82 Japan Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 83 Japan Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 84 Japan Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 85 Japan Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 86 Japan Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 87 India Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 88 India Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 89 India Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 90 India Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 91 India Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 92 India Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 93 India Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 94 India Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 95 India Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 96 India Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 97 India Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 98 India Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 99 South Korea Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 100 South Korea Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 101 South Korea Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 102 South Korea Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 103 South Korea Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 104 South Korea Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 105 South Korea Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 106 South Korea Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 107 South Korea Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 108 South Korea Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 109 South Korea Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 110 South Korea Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 111 Singapore Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 112 Singapore Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 113 Singapore Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 114 Singapore Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 115 Singapore Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 116 Singapore Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 117 Singapore Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 118 Singapore Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 119 Singapore Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 120 Singapore Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 121 Singapore Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 122 Singapore Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 123 Malaysia Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 124 Malaysia Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 125 Malaysia Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 126 Malaysia Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 127 Malaysia Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 128 Malaysia Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 129 Malaysia Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 130 Malaysia Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 131 Malaysia Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 132 Malaysia Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 133 Malaysia Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 134 Malaysia Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 135 Rest of Asia Pacific Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 136 Rest of Asia Pacific Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 137 Rest of Asia Pacific Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 139 Rest of Asia Pacific Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 140 Rest of Asia Pacific Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 141 Rest of Asia Pacific Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 142 Rest of Asia Pacific Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 143 Rest of Asia Pacific Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 144 Rest of Asia Pacific Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 145 Rest of Asia Pacific Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 146 Rest of Asia Pacific Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 147 Key Information – ABB Group
TABLE 148 Key Information – Siemens AG
TABLE 149 Key Information – Toshiba Corporation
TABLE 150 Key information – Rockwell Automation, Inc.
TABLE 151 Key Information – Nidec Corporation
TABLE 152 Key Information – WEG Equipamentos Eletricos SA
TABLE 153 key information – Mitsubishi Electric Corporation
TABLE 154 Key Information – Havells India Ltd.
TABLE 155 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 156 Key Information – Kirloskar Brothers Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Asia Pacific Energy Efficient Motor Market Share by Application, 2022
FIG 6 Asia Pacific Energy Efficient Motor Market Share by Application, 2029
FIG 7 Asia Pacific Energy Efficient Motor Market by Application, 2019 - 2029, USD Million
FIG 8 Asia Pacific Energy Efficient Motor Market Share by Efficiency Level, 2022
FIG 9 Asia Pacific Energy Efficient Motor Market Share by Efficiency Level, 2029
FIG 10 Asia Pacific Energy Efficient Motor Market by Efficiency Level, 2019 - 2029, USD Million
FIG 11 Asia Pacific Energy Efficient Motor Market Share by Power Output Rating, 2022
FIG 12 Asia Pacific Energy Efficient Motor Market Share by Power Output Rating, 2029
FIG 13 Asia Pacific Energy Efficient Motor Market by Power Output Rating, 2019 - 2029, USD Million
FIG 14 Asia Pacific Energy Efficient Motor Market Share by Type, 2022
FIG 15 Asia Pacific Energy Efficient Motor Market Share by Type, 2029
FIG 16 Asia Pacific Energy Efficient Motor Market by Type, 2019 - 2029, USD Million
FIG 17 Asia Pacific Energy Efficient Motor Market Share by End User, 2022
FIG 18 Asia Pacific Energy Efficient Motor Market Share by End User, 2029
FIG 19 Asia Pacific Energy Efficient Motor Market by End User, 2019 - 2029, USD Million
FIG 20 Asia Pacific Energy Efficient Motor Market Share by Country, 2022
FIG 21 Asia Pacific Energy Efficient Motor Market Share by Country, 2029
FIG 22 Asia Pacific Energy Efficient Motor Market by Country, 2019 - 2029, USD Million
FIG 24 SWOT Analysis: ABB Group
FIG 25 Swot analysis: Siemens AG
FIG 26 SWOT Analysis: Toshiba Corporation
FIG 27 SWOT Analysis: Rockwell Automation, Inc.
FIG 29 Recent strategies and developments: WEG Equipamentos Eletricos SA