The Latin America, Middle East and Africa Energy Efficient Motor Market would witness market growth of 11.2% CAGR during the forecast period (2023-2029).
One of the most important business strategies manufacturers in the market employ to serve their consumers and develop the market is manufacturing locally to decrease operational costs. Recently, medicine has gained access to some of the market's most significant benefits. As a result, the most significant market participants are supporting research and development projects to boost market demand.
Various application areas in the agriculture sector utilize energy efficient motors, including irrigation, material handling, ventilation, grain handling, aeration, and conditioning. Motors are among the most energy-intensive farm devices. A significant percentage of the regional energy consumption on farms is attributable to motors used in the agricultural sector. In addition, the energy-saving solutions apply to all segments of the agricultural industry, such as dairies and livestock producers, crop farmers, nurseries, and food processors. This would boost the market's growth during the forecast period.
Governments can establish minimum energy efficiency standards for motors, mandating that manufacturers produce motors that meet or exceed these standards. These standards can propel the market and increase their availability. In addition, the government provides education and outreach programs that promote awareness regarding the advantages of energy efficient motors and how they can be integrated into various industries.
Electric vehicles are crucial. Qatar is acting swiftly to encourage the adoption of EVs and lower its carbon emissions as both the demand for them globally and the amount of government support and incentives for their rise. To make the transition to a greener, more sustainable economy, Qatar recently announced sustainability goals and targets for renewable energy that begin as early as 2022. The rise of the market in LAMEA will be fueled by the growth of the EV sector as a result of the government's initiatives and incentives to promote the adoption of energy motors, the usage of energy efficient motors to satisfy environmental standards and minimize the use of oil for transportation.
The Brazil market dominated the LAMEA Energy Efficient Motor Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,213.3 Million by 2029. The Argentina market is exhibiting a CAGR of 11.8% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 10.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 8 LAMEA Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 9 LAMEA HVAC & Pumps Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA HVAC & Pumps Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Fans Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Fans Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Compressors Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Compressors Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Refrigeration Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Refrigeration Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Material Handling & Material Processing Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Material Handling & Material Processing Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 20 LAMEA Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 21 LAMEA IE3 Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA IE3 Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA IE2 Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA IE2 Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA IE1 Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA IE1 Market by Country, 2023 - 2029, USD Million
TABLE 27 LAMEA IE4 Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA IE4 Market by Country, 2023 - 2029, USD Million
TABLE 29 LAMEA IE5 Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA IE5 Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 32 LAMEA Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 33 LAMEA <1KW Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA <1KW Market by Country, 2023 - 2029, USD Million
TABLE 35 LAMEA 1 - 2.2 KW Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA 1 - 2.2 KW Market by Country, 2023 - 2029, USD Million
TABLE 37 LAMEA 2.2 - 375 KW Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA 2.2 - 375 KW Market by Country, 2023 - 2029, USD Million
TABLE 39 LAMEA >375 KW Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA >375 KW Market by Country, 2023 - 2029, USD Million
TABLE 41 LAMEA Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 42 LAMEA Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 43 LAMEA AC Motors Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA AC Motors Market by Country, 2023 - 2029, USD Million
TABLE 45 LAMEA DC Motors Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA DC Motors Market by Country, 2023 - 2029, USD Million
TABLE 47 LAMEA Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 48 LAMEA Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 49 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Industrial Market by Country, 2023 - 2029, USD Million
TABLE 51 LAMEA Commercial Market by Country, 2019 - 2022, USD Million
TABLE 52 LAMEA Commercial Market by Country, 2023 - 2029, USD Million
TABLE 53 LAMEA Residential Market by Country, 2019 - 2022, USD Million
TABLE 54 LAMEA Residential Market by Country, 2023 - 2029, USD Million
TABLE 55 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 56 LAMEA Automotive Market by Country, 2023 - 2029, USD Million
TABLE 57 LAMEA Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 58 LAMEA Agriculture Market by Country, 2023 - 2029, USD Million
TABLE 59 LAMEA Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 60 LAMEA Aerospace & Defense Market by Country, 2023 - 2029, USD Million
TABLE 61 LAMEA Energy Efficient Motor Market by Country, 2019 - 2022, USD Million
TABLE 62 LAMEA Energy Efficient Motor Market by Country, 2023 - 2029, USD Million
TABLE 63 Brazil Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 64 Brazil Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 65 Brazil Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 66 Brazil Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 67 Brazil Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 68 Brazil Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 69 Brazil Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 70 Brazil Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 71 Brazil Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 72 Brazil Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 73 Brazil Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 74 Brazil Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 75 Argentina Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 76 Argentina Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 77 Argentina Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 78 Argentina Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 79 Argentina Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 80 Argentina Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 81 Argentina Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 82 Argentina Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 83 Argentina Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 84 Argentina Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 85 Argentina Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 86 Argentina Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 87 UAE Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 88 UAE Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 89 UAE Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 90 UAE Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 91 UAE Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 92 UAE Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 93 UAE Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 94 UAE Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 95 UAE Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 96 UAE Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 97 UAE Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 98 UAE Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 99 Saudi Arabia Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 100 Saudi Arabia Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 101 Saudi Arabia Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 102 Saudi Arabia Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 103 Saudi Arabia Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 104 Saudi Arabia Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 105 Saudi Arabia Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 106 Saudi Arabia Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 107 Saudi Arabia Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 108 Saudi Arabia Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 109 Saudi Arabia Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 110 Saudi Arabia Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 111 South Africa Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 112 South Africa Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 113 South Africa Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 114 South Africa Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 115 South Africa Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 116 South Africa Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 117 South Africa Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 118 South Africa Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 119 South Africa Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 120 South Africa Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 121 South Africa Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 122 South Africa Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 123 Nigeria Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 124 Nigeria Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 125 Nigeria Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 126 Nigeria Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 127 Nigeria Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 128 Nigeria Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 129 Nigeria Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 130 Nigeria Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 131 Nigeria Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 132 Nigeria Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 133 Nigeria Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 134 Nigeria Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 135 Rest of LAMEA Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 136 Rest of LAMEA Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 137 Rest of LAMEA Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 138 Rest of LAMEA Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 139 Rest of LAMEA Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 140 Rest of LAMEA Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 141 Rest of LAMEA Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 142 Rest of LAMEA Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 143 Rest of LAMEA Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 144 Rest of LAMEA Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 145 Rest of LAMEA Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 146 Rest of LAMEA 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 LAMEA Energy Efficient Motor Market Share by Application, 2022
FIG 6 LAMEA Energy Efficient Motor Market Share by Application, 2029
FIG 7 LAMEA Energy Efficient Motor Market by Application, 2019 - 2029, USD Million
FIG 8 LAMEA Energy Efficient Motor Market Share by Efficiency Level, 2022
FIG 9 LAMEA Energy Efficient Motor Market Share by Efficiency Level, 2029
FIG 10 LAMEA Energy Efficient Motor Market by Efficiency Level, 2019 - 2029, USD Million
FIG 11 LAMEA Energy Efficient Motor Market Share by Power Output Rating, 2022
FIG 12 LAMEA Energy Efficient Motor Market Share by Power Output Rating, 2029
FIG 13 LAMEA Energy Efficient Motor Market by Power Output Rating, 2019 - 2029, USD Million
FIG 14 LAMEA Energy Efficient Motor Market Share by Type, 2022
FIG 15 LAMEA Energy Efficient Motor Market Share by Type, 2029
FIG 16 LAMEA Energy Efficient Motor Market by Type, 2019 - 2029, USD Million
FIG 17 LAMEA Energy Efficient Motor Market Share by End User, 2022
FIG 18 LAMEA Energy Efficient Motor Market Share by End User, 2029
FIG 19 LAMEA Energy Efficient Motor Market by End User, 2019 - 2029, USD Million
FIG 20 LAMEA Energy Efficient Motor Market Share by Country, 2022
FIG 21 LAMEA Energy Efficient Motor Market Share by Country, 2029
FIG 22 LAMEA 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