North America Energy Efficient Motor Market Size, Share & Industry Trends Analysis Report By Application, By Efficiency Level (IE3, IE2, IE1, IE4 and IE5), By Power Output Rating, By Type, By End User, By Country and Growth Forecast, 2023 - 2029

The North America Energy Efficient Motor Market would witness market growth of 7.1% CAGR during the forecast period (2023-2029).

Compared to traditional motors, the energy efficient motor consumes less electricity, operates cooler, and lasts longer. This motor is 2-6% more efficient than a regular motor and has more copper windings overall. As a result, the motor has a low working temperature, makes very little noise and vibration, and has a longer lifespan, lowering maintenance costs. It is appropriate for various industrial uses, including paper, textiles, blowers, cement, and machine tools.

Improved manufacturing processes and superior materials, longer bearing lives, higher service factors, lower waste heat output, and reduced vibration are all characteristics of energy efficient motors that promote reliability. More efficient electric motors do so by minimizing losses, which only make up about 3-6% of the energy that passes through the motor. Because of its highly efficient electric motor, a variable speed drive (VSD) can save energy while also lowering pollution. The introduction of the VSD aids in system efficiency optimization.

Efficient electric motors are more cost-effective throughout the system. In contrast, with thousands of hours of operation per year, motor energy expenses often account for a significant percentage of the life-cycle cost of the motor. By utilizing variable speed drives, or VSD for short, an efficient electric motor can reduce the emissions caused by energy savings. The primary function of a variable speed drive (VSD) is to regulate the speed of the motor in response to changes in the load. Also, the VSD improves the effectiveness of the system as a whole.

Cities in Mexico are growing quickly, increasing the need for energy and creating ineffective transportation systems. Currently, the residential sector in Mexico uses around 6% of the nation's total energy and 26% of its total electricity. Sustainable housing, however, calls for investment. By boosting the number of mortgages for low-carbon housing and releasing financing to construct it, government initiatives are helping Mexico combat climate change. The increased efforts to reduce energy use, like in the residential sector, are anticipated to increase demand that may help users drastically reduce their power use and consequently support market expansion in the region.

The US market dominated the North America Energy Efficient Motor Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $12,775.1 Million by 2029. The Canada market is poised to grow at a CAGR of 9.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 8.5% 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 U.S., Mexico, Canada, and Rest of North America.

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

• IE3
• IE2
• IE1
• IE4
• IE5

By Power Output Rating

• <1KW
• 1 - 2.2 KW
• 2 - 375 KW
• >375 KW

By Type

• AC Motors
• DC Motors

By End User

• Industrial
• Commercial
• Residential
• Automotive
• Agriculture
• Aerospace & Defense

By Country

• US
• Canada
• Mexico
• Rest of North America

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)

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Energy Efficient Motor Market, by Application
1.4.2 North America Energy Efficient Motor Market, by Efficiency Level
1.4.3 North America Energy Efficient Motor Market, by Power Output Rating
1.4.4 North America Energy Efficient Motor Market, by Type
1.4.5 North America Energy Efficient Motor Market, by End User
1.4.6 North America Energy Efficient Motor Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)

Chapter 4. North America Energy Efficient Motor Market by Application
4.1 North America HVAC & Pumps Market by Country
4.2 North America Fans Market by Country
4.3 North America Compressors Market by Country
4.4 North America Refrigeration Market by Country
4.5 North America Material Handling & Material Processing Market by Country

Chapter 5. North America Energy Efficient Motor Market by Efficiency Level
5.1 North America IE3 Market by Country
5.2 North America IE2 Market by Country
5.3 North America IE1 Market by Country
5.4 North America IE4 Market by Country
5.5 North America IE5 Market by Country

Chapter 6. North America Energy Efficient Motor Market by Power Output Rating
6.1 North America <1KW Market by Country
6.2 North America 1 - 2.2 KW Market by Country
6.3 North America 2.2 - 375 KW Market by Country
6.4 North America >375 KW Market by Country

Chapter 7. North America Energy Efficient Motor Market by Type
7.1 North America AC Motors Market by Country
7.2 North America DC Motors Market by Country

Chapter 8. North America Energy Efficient Motor Market by End User
8.1 North America Industrial Market by Country
8.2 North America Commercial Market by Country
8.3 North America Residential Market by Country
8.4 North America Automotive Market by Country
8.5 North America Agriculture Market by Country
8.6 North America Aerospace & Defense Market by Country

Chapter 9. North America Energy Efficient Motor Market by Country
9.1 US Energy Efficient Motor Market
9.1.1 US Energy Efficient Motor Market by Application
9.1.2 US Energy Efficient Motor Market by Efficiency Level
9.1.3 US Energy Efficient Motor Market by Power Output Rating
9.1.4 US Energy Efficient Motor Market by Type
9.1.5 US Energy Efficient Motor Market by End User
9.2 Canada Energy Efficient Motor Market
9.2.1 Canada Energy Efficient Motor Market by Application
9.2.2 Canada Energy Efficient Motor Market by Efficiency Level
9.2.3 Canada Energy Efficient Motor Market by Power Output Rating
9.2.4 Canada Energy Efficient Motor Market by Type
9.2.5 Canada Energy Efficient Motor Market by End User
9.3 Mexico Energy Efficient Motor Market
9.3.1 Mexico Energy Efficient Motor Market by Application
9.3.2 Mexico Energy Efficient Motor Market by Efficiency Level
9.3.3 Mexico Energy Efficient Motor Market by Power Output Rating
9.3.4 Mexico Energy Efficient Motor Market by Type
9.3.5 Mexico Energy Efficient Motor Market by End User
9.4 Rest of North America Energy Efficient Motor Market
9.4.1 Rest of North America Energy Efficient Motor Market by Application
9.4.2 Rest of North America Energy Efficient Motor Market by Efficiency Level
9.4.3 Rest of North America Energy Efficient Motor Market by Power Output Rating
9.4.4 Rest of North America Energy Efficient Motor Market by Type
9.4.5 Rest of North America Energy Efficient Motor Market by End User

Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.5.2 Acquisition and Mergers:
10.1.5.3 Geographical Expansions:
10.1.6 SWOT Analysis
10.2 Siemens AG
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Toshiba Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research and Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Rockwell Automation, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Nidec Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.5.4.1 Partnerships, Collaborations, and Agreements:
10.5.4.2 Product Launches and Product Expansions:
10.5.4.3 Joint Venture:
10.6 WEG Equipamentos Eletricos SA
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Joint Venture:
10.6.5.3 Geographical Expansions:
10.7 Mitsubishi Electric Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.8 Havells India Ltd.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Recent strategies and developments:
10.8.4.1 Product Launches and Product Expansions:
10.9 CG Power & Industrial Solutions Ltd. (Murugappa Group)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.10. Kirloskar Brothers Limited (Kirloskar Group)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis

TABLE 1 North America Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 8 North America Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 9 North America HVAC & Pumps Market by Country, 2019 - 2022, USD Million
TABLE 10 North America HVAC & Pumps Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Fans Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Fans Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Compressors Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Compressors Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Refrigeration Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Refrigeration Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Material Handling & Material Processing Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Material Handling & Material Processing Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 20 North America Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 21 North America IE3 Market by Country, 2019 - 2022, USD Million
TABLE 22 North America IE3 Market by Country, 2023 - 2029, USD Million
TABLE 23 North America IE2 Market by Country, 2019 - 2022, USD Million
TABLE 24 North America IE2 Market by Country, 2023 - 2029, USD Million
TABLE 25 North America IE1 Market by Country, 2019 - 2022, USD Million
TABLE 26 North America IE1 Market by Country, 2023 - 2029, USD Million
TABLE 27 North America IE4 Market by Country, 2019 - 2022, USD Million
TABLE 28 North America IE4 Market by Country, 2023 - 2029, USD Million
TABLE 29 North America IE5 Market by Country, 2019 - 2022, USD Million
TABLE 30 North America IE5 Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 32 North America Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 33 North America <1KW Market by Country, 2019 - 2022, USD Million
TABLE 34 North America <1KW Market by Country, 2023 - 2029, USD Million
TABLE 35 North America 1 - 2.2 KW Market by Country, 2019 - 2022, USD Million
TABLE 36 North America 1 - 2.2 KW Market by Country, 2023 - 2029, USD Million
TABLE 37 North America 2.2 - 375 KW Market by Country, 2019 - 2022, USD Million
TABLE 38 North America 2.2 - 375 KW Market by Country, 2023 - 2029, USD Million
TABLE 39 North America >375 KW Market by Country, 2019 - 2022, USD Million
TABLE 40 North America >375 KW Market by Country, 2023 - 2029, USD Million
TABLE 41 North America Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 42 North America Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 43 North America AC Motors Market by Country, 2019 - 2022, USD Million
TABLE 44 North America AC Motors Market by Country, 2023 - 2029, USD Million
TABLE 45 North America DC Motors Market by Country, 2019 - 2022, USD Million
TABLE 46 North America DC Motors Market by Country, 2023 - 2029, USD Million
TABLE 47 North America Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 48 North America Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 49 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Industrial Market by Country, 2023 - 2029, USD Million
TABLE 51 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Commercial Market by Country, 2023 - 2029, USD Million
TABLE 53 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Residential Market by Country, 2023 - 2029, USD Million
TABLE 55 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 57 North America Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Agriculture Market by Country, 2023 - 2029, USD Million
TABLE 59 North America Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 60 North America Aerospace & Defense Market by Country, 2023 - 2029, USD Million
TABLE 61 North America Energy Efficient Motor Market by Country, 2019 - 2022, USD Million
TABLE 62 North America Energy Efficient Motor Market by Country, 2023 - 2029, USD Million
TABLE 63 US Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 64 US Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 65 US Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 66 US Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 67 US Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 68 US Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 69 US Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 70 US Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 71 US Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 72 US Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 73 US Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 74 US Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 75 Canada Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 76 Canada Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 77 Canada Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 78 Canada Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 79 Canada Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 80 Canada Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 81 Canada Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 82 Canada Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 83 Canada Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 84 Canada Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 85 Canada Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 86 Canada Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 87 Mexico Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 88 Mexico Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 89 Mexico Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 90 Mexico Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 91 Mexico Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 92 Mexico Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 93 Mexico Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 94 Mexico Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 95 Mexico Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 96 Mexico Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 97 Mexico Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 98 Mexico Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 99 Rest of North America Energy Efficient Motor Market, 2019 - 2022, USD Million
TABLE 100 Rest of North America Energy Efficient Motor Market, 2023 - 2029, USD Million
TABLE 101 Rest of North America Energy Efficient Motor Market by Application, 2019 - 2022, USD Million
TABLE 102 Rest of North America Energy Efficient Motor Market by Application, 2023 - 2029, USD Million
TABLE 103 Rest of North America Energy Efficient Motor Market by Efficiency Level, 2019 - 2022, USD Million
TABLE 104 Rest of North America Energy Efficient Motor Market by Efficiency Level, 2023 - 2029, USD Million
TABLE 105 Rest of North America Energy Efficient Motor Market by Power Output Rating, 2019 - 2022, USD Million
TABLE 106 Rest of North America Energy Efficient Motor Market by Power Output Rating, 2023 - 2029, USD Million
TABLE 107 Rest of North America Energy Efficient Motor Market by Type, 2019 - 2022, USD Million
TABLE 108 Rest of North America Energy Efficient Motor Market by Type, 2023 - 2029, USD Million
TABLE 109 Rest of North America Energy Efficient Motor Market by End User, 2019 - 2022, USD Million
TABLE 110 Rest of North America Energy Efficient Motor Market by End User, 2023 - 2029, USD Million
TABLE 111 Key Information – ABB Group
TABLE 112 Key Information – Siemens AG
TABLE 113 Key Information – Toshiba Corporation
TABLE 114 Key information – Rockwell Automation, Inc.
TABLE 115 Key Information – Nidec Corporation
TABLE 116 Key Information – WEG Equipamentos Eletricos SA
TABLE 117 key information – Mitsubishi Electric Corporation
TABLE 118 Key Information – Havells India Ltd.
TABLE 119 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 120 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 North America Energy Efficient Motor Market Share by Application, 2022
FIG 6 North America Energy Efficient Motor Market Share by Application, 2029
FIG 7 North America Energy Efficient Motor Market by Application, 2019 - 2029, USD Million
FIG 8 North America Energy Efficient Motor Market Share by Efficiency Level, 2022
FIG 9 North America Energy Efficient Motor Market Share by Efficiency Level, 2029
FIG 10 North America Energy Efficient Motor Market by Efficiency Level, 2019 - 2029, USD Million
FIG 11 North America Energy Efficient Motor Market Share by Power Output Rating, 2022
FIG 12 North America Energy Efficient Motor Market Share by Power Output Rating, 2029
FIG 13 North America Energy Efficient Motor Market by Power Output Rating, 2019 - 2029, USD Million
FIG 14 North America Energy Efficient Motor Market Share by Type, 2022
FIG 15 North America Energy Efficient Motor Market Share by Type, 2029
FIG 16 North America Energy Efficient Motor Market by Type, 2019 - 2029, USD Million
FIG 17 North America Energy Efficient Motor Market Share by End User, 2022
FIG 18 North America Energy Efficient Motor Market Share by End User, 2029
FIG 19 North America Energy Efficient Motor Market by End User, 2019 - 2029, USD Million
FIG 20 North America Energy Efficient Motor Market Share by Country, 2022
FIG 21 North America Energy Efficient Motor Market Share by Country, 2029
FIG 22 North America 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